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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2011
Mar. 31, 2010
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Cash flows from operating activities:          
Net loss $ (119,294) $ (132,099) $ (363) $ (95,856) $ (1,185,738)
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation of revenue earning equipment 412,508 442,671 1,789,903 1,849,674 2,085,665
Depreciation of property and equipment 37,695 39,630 154,031 159,693 172,848
Amortization of other intangible assets 16,784 16,372 64,713 66,059 66,282
Amortization and write-off of deferred financing costs 44,025 15,000 70,825 57,471 70,193
Amortization of debt discount 9,969 7,614 20,968 27,742 17,908
Gain on debt buyback       (48,472)  
Stock-based compensation charges 9,078 8,997 36,560 35,464 28,023
(Gain) loss on derivatives (6,917) 9,838 10,810 (1,552) 22,938
Amortization and ineffectiveness of cash flow hedges   20,899 68,815 74,597 11,807
Provision for losses on doubtful accounts 6,362 5,087 19,667 27,951 31,068
Asset writedowns 742 676 20,448 36,063 93,211
Deferred taxes on income (23,954) 29,040 (19,471) 117,374 (235,913)
Gain on sale of property and equipment (2,317) (409) (5,740) (1,072) (9,602)
Impairment charges         1,168,900
Changes in assets and liabilities, net of effects of acquisition:          
Receivables (26,035) (28,545) (3,145) 34,539 46,887
Inventories, prepaid expenses and other assets (48,145) (8,978) (61,871) 7,554 17,934
Accounts payable 28,813 48,868 118,011 (227,479) 108,530
Accrued liabilities (171,911) (129,347) (53,457) (181,452) (54,223)
Accrued taxes 3,934 (56,486) 10,281 (201,902) (101)
Public liability and property damage (5,468) (4,175) (3,058) (34,536) (20,068)
Net cash provided by operating activities 165,869 279,320 2,237,927 1,701,860 2,436,549
Cash flows from investing activities:          
Net change in restricted cash and cash equivalents 20,611 139,905 160,516 368,721 (71,836)
Revenue earning equipment expenditures (1,963,814) (2,214,469) (8,440,872) (7,527,317) (10,150,982)
Proceeds from disposal of revenue earning equipment 1,690,159 1,606,447 7,518,446 6,106,624 8,619,715
Property and equipment expenditures (56,770) (51,292) (179,209) (100,701) (193,766)
Proceeds from disposal of property and equipment 14,451 6,683 38,905 23,697 68,515
Acquisitions, net of cash acquired (9,774)   (47,571) (76,419) (70,920)
(Purchase) sale of short-term investments, net     3,491 (3,492)  
Other investing activities 1,192 341 2,726 828 (488)
Net cash used in investing activities (303,945) (509,025) (943,568) (1,208,059) (1,799,762)
Cash flows from financing activities:          
Proceeds from issuance of long-term debt 2,429,456 8,472 2,635,713 1,200,896 22,565
Payment of long-term debt (3,138,875) (262,593) (2,954,233) (1,149,876) (860,515)
Short-term borrowings:          
Proceeds 67,155 66,581 490,490 364,065 396,679
Payments (225,302) (79,279) (970,949) (351,773) (374,333)
Proceeds (payments) under the revolving lines of credit, net 47,928 347,175 1,026,070 (1,126,099) 198,761
Distributions to noncontrolling interest   (2,975) (18,200) (15,050) (24,150)
Capital invested by Hertz Global Holdings, Inc.       990,117  
Loan with Hertz Global Holdings, Inc. (9,016) 2 (6,173) (7,186) 6,273
Proceeds from employee stock purchase plan 871 610 3,208 2,400  
Excess tax benefits from exercise of stock options     (258)    
Dividends paid     (23,000)    
Payment of financing costs (64,091) (1,311) (78,151) (45,017) (61,223)
Net cash provided by (used in) financing activities (891,874) 76,682 104,517 (137,523) (695,943)
Effect of foreign exchange rate changes on cash and cash equivalents 21,687 (32,687) (10,337) 35,192 (76,540)
Net change in cash and cash equivalents during the period (1,008,263) (185,710) 1,388,539 391,470 (135,696)
Cash and cash equivalents at beginning of period 2,374,006 985,467 985,467 593,997 729,693
Cash and cash equivalents at end of period 1,365,743 799,757 2,374,006 985,467 593,997
Cash paid during the period for:          
Interest (net of amounts capitalized) 205,817 173,284 508,183 622,615 764,539
Income taxes 11,555 24,564 50,688 31,321 33,408
Supplemental disclosures of non-cash flow information:          
Purchases of revenue earning equipment included in accounts payable and other accrued liabilities 487,921 709,052 266,354 141,039 347,581
Sales of revenue earning equipment included in receivables 387,620 632,336 504,217 537,862 1,025,832
Purchases of property and equipment included in accounts payable 38,782 26,164 37,379 38,210 19,490
Sales of property and equipment included in receivables $ 6,760 $ 6,271 $ 11,071 $ 5,229 $ 2,452