SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) - DOLLAR THRIFTY

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dollar Thrifty Automotive Group Inc.

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Quarterly Financial Information (Unaudited)

Provided below is a summary of the quarterly operating results during 2012 and 2011 (in millions of dollars).

	First Quarter 2012			Second Quarter 2012		Third Quarter 2012		Fourth Quarter 2012
Revenues	$	1,960.9		$	2,225.1	$	2,516.2	$	2,318.6
Income (loss) before income taxes	(24.0		)	171.7		382.1		(26.9		)
Net income (loss) attributable to The Hertz Corporation and Subsidiaries' common stockholder	(48.2		)	101.0		251.3		(28.3		)

	First Quarter 2011			Second Quarter 2011		Third Quarter 2011		Fourth Quarter 2011
Revenues	$	1,780.0		$	2,072.3	$	2,432.3	$	2,013.8
Income (loss) before income taxes	(146.7		)	107.0		308.2		105.4
Net income (loss) attributable to The Hertz Corporation and Subsidiaries' common stockholder	(123.0		)	62.1		212.6		58.8

16. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

        A summary of the quarterly operating results during 2011 and 2010 follows:

Year Ended December 31, 2011	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		2011 Total
	(In Thousands Except Per Share Amounts)
Revenues	$	348,347	$	395,129	$	451,722	$	353,730	$	1,548,928
Operating income(a)	$	46,921	$	88,818	$	126,036	$	73,685	$	335,460
Net income	$	16,523	$	42,505	$	66,621	$	33,901	$	159,550
Earnings per share:(b)
Basic	$	0.57	$	1.47	$	2.30	$	1.16	$	5.51
Diluted	$	0.53	$	1.36	$	2.13	$	1.08	$	5.11

Year Ended December 31, 2010	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		2010 Total
	(In Thousands Except Per Share Amounts)
Revenues	$	348,330	$	396,227	$	443,544	$	349,059	$	1,537,160
Operating income(a)	$	61,088	$	84,436	$	94,246	$	43,314	$	283,084
Net income	$	27,292	$	42,263	$	49,165	$	12,496	$	131,216
Earnings per share:(b)
Basic	$	0.96	$	1.48	$	1.72	$	0.44	$	4.58
Diluted	$	0.91	$	1.40	$	1.62	$	0.41	$	4.34

(a)

Operating income represents pretax income before interest, long-lived asset impairment and (increase) decrease in fair value of derivatives.

(b)

The earnings per share is calculated from the weighted average common and common stock equivalents outstanding during each quarter, which may fluctuate based on quarterly income levels and market prices. Therefore, the sum of earnings per share information for each quarter may not equal the total year amounts.

        During the second and fourth quarters of 2011, the Company recorded favorable changes in vehicle insurance reserve estimates of $10.6 million and $21.2 million, respectively, in conjunction with receiving actuarial updates on its vehicle insurance programs. See Note 14 for further discussion.

        During the first and second quarters of 2011, the Company incurred $3.5 million and $1.1 million, respectively, in merger-related expenses. See Note 17 for further discussion.

        During the fourth quarter of 2010, the Company recorded favorable changes in vehicle insurance reserve estimates of $13.4 million in conjunction with receiving actuarial updates on its vehicle insurance programs. See Note 14 for further discussion.

        During the first, second, third and fourth quarters of 2010, the Company incurred $1.7 million, $6.9 million, $11.9 million and $2.1 million, respectively, in merger-related expenses. See Note 17 for further discussion.

        In 2010, the majority relating to the third quarter, the Company wrote off $1.1 million (pretax) primarily related to software no longer in use and to impairments of assets at its company-owned stores.