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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (52,111) $ (134,948)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of revenue earning equipment 809,433 881,540
Depreciation of property and equipment 77,140 78,571
Amortization of other intangible assets 33,679 32,700
Amortization and write-off of deferred financing costs 63,102 37,361
Amortization and write-off of debt discount 11,914 11,526
Stock-based compensation charges 16,630 19,308
(Gain) loss on derivatives (2,203) 5,047
Amortization of cash flow hedges   38,868
Provision for losses on doubtful accounts 14,313 10,295
Asset writedowns 23,311 14,215
Deferred taxes on income (21,441) (12,976)
Gain on sale of property and equipment (4,748) (2,176)
Changes in assets and liabilities, net of effects of acquisition:    
Receivables (187,818) (101,157)
Inventories, prepaid expenses and other assets (57,831) (25,495)
Accounts payable 138,214 254,809
Accrued liabilities (179,257) (69,493)
Accrued taxes 21,667 (7,116)
Public liability and property damage (4,393) 252
Net cash provided by operating activities 699,601 1,031,131
Cash flows from investing activities:    
Net change in restricted cash and cash equivalents (60,233) (389,242)
Revenue earning equipment expenditures (5,466,856) (5,317,298)
Proceeds from disposal of revenue earning equipment 3,488,890 3,443,510
Property and equipment expenditures (125,370) (92,018)
Proceeds from disposal of property and equipment 28,388 15,194
Acquisitions, net of cash acquired (10,976) (157)
(Purchase) sale of short-term investments, net (32,891) 3,171
Other investing activities 1,303 817
Net cash used in investing activities (2,177,745) (2,336,023)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 3,028,591 681,370
Payment of long-term debt (3,631,472) (756,964)
Short-term borrowings:    
Proceeds 285,803 274,730
Payments (489,217) (281,009)
Proceeds (payments) under the revolving lines of credit, net 728,855 1,423,403
Distributions to noncontrolling interest (10,500) (7,630)
Proceeds from employee stock purchase plan 1,716 1,222
Loan with Hertz Global Holdings, Inc. 182 (5,607)
Dividends paid (12,450) (12,500)
Payment of financing costs (81,392) (24,972)
Net cash provided by (used in) financing activities (179,884) 1,292,043
Effect of foreign exchange rate changes on cash and cash equivalents 31,602 (75,836)
Net change in cash and cash equivalents during the period (1,626,426) (88,685)
Cash and cash equivalents at beginning of period 2,374,006 985,467
Cash and cash equivalents at end of period 747,580 896,782
Cash paid during the period for:    
Interest (net of amounts capitalized) 330,930 252,129
Income taxes 25,338 30,694
Supplemental disclosures of non-cash flow information:    
Purchases of revenue earning equipment included in accounts payable and accrued liabilities 628,695 828,881
Sales of revenue earning equipment included in receivables 263,954 530,856
Purchases of property and equipment included in accounts payable 59,633 29,125
Sales of property and equipment included in receivables $ 14,356 $ 5,259