XML 296 R159.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - DOLLAR THRIFTY (USD $)
9 Months Ended
Sep. 30, 2012
Dollar Thrifty Automotive Group Inc
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net Income (loss) $ 145,298,000
Depreciation:  
Vehicle depreciation 230,391,000
Non-vehicle depreciation 13,203,000
Net gains from disposition of revenue-earning vehicles (42,023,000)
Amortization 5,520,000
Performance share incentive, stock option and restricted stock plans 4,974,000
Interest income earned on restricted cash and investments (524,000)
Deferred income taxes 49,369,000
Swap termination reclassification 8,488,000
Change in fair value of derivatives 525,000
Change in assets and liabilities, net of acquisitions:  
Income taxes payable/receivable 14,333,000
Receivables (11,443,000)
Prepaid expenses and other assets 2,170,000
Accounts payable 888,000
Accrued liabilities 13,357,000
Vehicle insurance reserves (4,157,000)
Other 4,401,000
Net cash provided by operating activities 434,770,000
CASH FLOWS FROM INVESTING ACTIVITIES:  
Payments to Acquire Revenue Earning Equipment (1,380,617,000)
Revenue-earning vehicles-Proceeds from sales 757,091,000
Net change in restricted cash and investments 103,645,000
Property, equipment and software-Purchases (13,901,000)
Property, equipment and software-Proceeds from sales 3,491,000
Net cash used in investing activities (530,291,000)
Debt and other obligations:  
Proceeds from vehicle debt and other obligations 581,169,000
Payments of vehicle debt and other obligations (500,000,000)
Issuance of common shares 1,694,000
Net settlement of employee withholding taxes on share-based awards (1,215,000)
Purchase of common stock for the treasury (29,136,000)
Payments of Financing Costs (8,770,000)
Net cash provided by (used in) financing activities 43,742,000
Net decrease in cash and cash equivalents during the period (51,779,000)
CASH AND CASH EQUIVALENTS:  
Cash and cash equivalents at beginning of period 508,648,000
Cash and cash equivalents at end of period 456,869,000
Cash paid for (refund of):  
Interest 38,769,000
Income taxes 25,749,000
SUPPLEMENTAL DISCLOSURES OF INVESTING AND FINANCING NONCASH ACTIVITIES:  
Sales and incentives related to revenue-earning vehicles included in receivables 45,228,000
Purchases of revenue-earning vehicles included in accounts payable 581,000
Purchases of property, equipment and software included in accounts payable $ 16,000