XML 174 R58.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor and Non-Guarantor Condensed Consolidating Financial Statements (Details 4) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Mar. 31, 2012
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS            
Net cash provided by (used in) operating activities $ 1,466,000,000 $ 1,183,000,000 $ 2,748,412,000 $ 2,258,521,000 $ 2,237,927,000  
Cash flows from investing activities:            
Net change in restricted cash and cash equivalents 175,400,000 130,100,000 (261,605,000) (101,766,000) 160,516,000  
Revenue earning equipment expenditures (6,825,500,000) (5,711,000,000) (9,613,239,000) (9,454,311,000) (8,440,872,000)  
Proceeds from disposal of revenue earning equipment 3,742,800,000 3,608,300,000 7,125,096,000 7,850,442,000 7,518,446,000  
Property and equipment expenditures (168,100,000) (137,200,000) (312,786,000) (281,695,000) (179,209,000)  
Proceeds from disposal of property and equipment 42,500,000 56,400,000 137,694,000 53,814,000 38,905,000  
Capital contributions to subsidiaries 0 0 0 0 0  
Return of capital from subsidiaries 0 0 0 0 0  
Loan to Parent From Non-Guarantor 0 0 0 0 (6,173,000)  
Acquisitions, net of cash acquired (229,200,000) (161,800,000) (1,905,168,000) (227,081,000) (47,571,000)  
Proceeds from disposal of business 0   84,497,000 0 0  
Other investing activities (2,000,000) (600,000) (1,779,000) 586,000 2,726,000  
Net cash used in investing activities (3,264,100,000) (2,215,800,000) (4,747,290,000) (2,192,902,000) (943,568,000)  
Cash flows from financing activities:            
Proceeds from issuance of long-term debt 1,204,400,000 270,500,000 2,237,280,000 3,062,479,000 2,635,713,000  
Payment of long-term debt (320,700,000) (643,100,000) (952,144,000) (3,649,300,000) (2,954,233,000)  
Short-term borrowings:            
Proceeds 332,000,000 246,700,000 438,387,000 460,890,000 490,490,000  
Payments (435,900,000) (656,200,000) (1,280,143,000) (1,194,056,000) (970,949,000)  
Proceeds under the revolving lines of credit 3,680,100,000 3,535,500,000        
Payments under the revolving lines of credit (2,217,900,000) (1,991,700,000)        
Capital contributions received from parent 0 0 0 0 0  
Loan to Parent From Non-Guarantor 0 0 0      
Payment of dividends and return of capital (479,700,000) (12,500,000) (25,000,000) (22,950,000) (23,000,000)  
Proceeds from employee stock purchase plan 2,400,000 2,000,000 4,275,000 3,577,000 3,208,000  
Loan from Hertz Global Holdings, Inc. 12,000,000 (13,900,000) (13,220,000) (984,000) (6,173,000)  
Purchase of noncontrolling interest 0 (38,000,000) (38,000,000) 0 0  
Payment of financing costs (20,600,000) (6,900,000) (49,433,000) (91,482,000) (78,151,000)  
Net cash provided by (used in) financing activities 1,756,100,000 692,400,000 1,595,166,000 (1,512,255,000) 104,517,000  
Effect of foreign exchange rate changes on cash and cash equivalents (8,200,000) (4,800,000) 5,739,000 3,838,000 (10,337,000)  
Net decrease in cash and cash equivalents during the period (50,200,000) (345,200,000) (397,973,000) (1,442,798,000) 1,388,539,000  
Cash and cash equivalents at beginning of period 533,235,000 931,208,000 931,208,000 2,374,006,000 985,467,000 586,000,000
Cash and cash equivalents at end of period 483,000,000 586,000,000 533,235,000 931,208,000 2,374,006,000 586,000,000
Parent (The Hertz Corporation)
           
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS            
Net cash provided by (used in) operating activities (365,700,000) (219,000,000) 1,677,648,000 1,000,597,000 337,055,000  
Cash flows from investing activities:            
Net change in restricted cash and cash equivalents (1,000,000) 12,600,000 11,981,000 (28,570,000) 19,932,000  
Revenue earning equipment expenditures (87,900,000) (73,800,000) (88,120,000) (142,134,000) (188,057,000)  
Proceeds from disposal of revenue earning equipment 47,700,000 54,400,000 79,390,000 163,330,000 169,451,000  
Property and equipment expenditures (99,100,000) (80,200,000) (173,053,000) (189,562,000) (92,415,000)  
Proceeds from disposal of property and equipment 24,600,000 44,300,000 67,370,000 23,952,000 4,311,000  
Capital contributions to subsidiaries (485,700,000) (2,215,900,000) (4,267,118,000) (3,549,088,000) (1,544,332,000)  
Return of capital from subsidiaries 651,000,000 2,220,600,000 1,829,256,000 2,590,025,000 1,877,095,000  
Loan to Parent From Non-Guarantor 0 0 0 490,273,000 (6,173,000)  
Acquisitions, net of cash acquired 0 0 (1,708,520,000) (214,384,000) (35,000)  
Proceeds from disposal of business 0   0      
Other investing activities 0 0 0 0 0  
Net cash used in investing activities 49,600,000 (38,000,000) (4,248,814,000) (1,379,322,000) 249,133,000  
Cash flows from financing activities:            
Proceeds from issuance of long-term debt 250,000,000 260,000,000 2,210,000,000 2,455,309,000 1,209,866,000  
Payment of long-term debt (22,800,000) (637,300,000) (650,407,000) (3,596,295,000) (73,342,000)  
Short-term borrowings:            
Proceeds 0 0 0 0 0  
Payments 0 (26,800,000) (26,775,000) (29,224,000) (2,615,000)  
Proceeds under the revolving lines of credit 1,360,000,000 1,360,000,000        
Payments under the revolving lines of credit (735,000,000) (950,000,000)        
Capital contributions received from parent 0 0 0 0 0  
Loan to Parent From Non-Guarantor 0 18,300,000 385,108,000 490,273,000 0  
Payment of dividends and return of capital (479,700,000) (12,500,000) (25,000,000) (22,950,000) (23,000,000)  
Proceeds from employee stock purchase plan 2,400,000 2,000,000 4,275,000 3,577,000 3,208,000  
Loan from Hertz Global Holdings, Inc. 12,000,000 (13,900,000) (13,220,000) (984,000) (6,173,000)  
Purchase of noncontrolling interest   (38,000,000) (38,000,000) 0 0  
Payment of financing costs (7,900,000) (4,200,000) (35,215,000) (81,229,000) (29,111,000)  
Net cash provided by (used in) financing activities 379,000,000 (42,400,000) 2,030,766,000 (810,651,000) 1,059,668,000  
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0 0  
Net decrease in cash and cash equivalents during the period 62,900,000 (299,400,000) (540,400,000) (1,189,376,000) 1,645,856,000  
Cash and cash equivalents at beginning of period 24,602,000 565,002,000 565,002,000 1,754,378,000 108,522,000 265,600,000
Cash and cash equivalents at end of period 87,500,000   24,602,000 565,002,000 1,754,378,000 265,600,000
Guarantor Subsidiaries
           
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS            
Net cash provided by (used in) operating activities 425,100,000 334,200,000 690,292,000 773,170,000 88,941,000  
Cash flows from investing activities:            
Net change in restricted cash and cash equivalents 200,000 18,200,000 13,596,000 (2,662,000) (17,514,000)  
Revenue earning equipment expenditures (347,700,000) (334,100,000) (763,610,000) (670,056,000) (96,452,000)  
Proceeds from disposal of revenue earning equipment 16,900,000 162,600,000 276,342,000 170,522,000 75,139,000  
Property and equipment expenditures (18,000,000) (24,200,000) (32,022,000) (29,696,000) (14,137,000)  
Proceeds from disposal of property and equipment 5,500,000 4,200,000 11,839,000 9,263,000 10,416,000  
Capital contributions to subsidiaries 0 0 0 0 0  
Return of capital from subsidiaries 0 0 0 0 0  
Loan to Parent From Non-Guarantor 0 0 0 0 0  
Acquisitions, net of cash acquired (2,800,000) (161,800,000) (196,648,000) (2,100,000) (43,789,000)  
Proceeds from disposal of business 0   0      
Other investing activities 0 0 0 (13,602,000) 0  
Net cash used in investing activities (345,900,000) (335,100,000) (690,503,000) (538,331,000) (86,243,000)  
Cash flows from financing activities:            
Proceeds from issuance of long-term debt 0 0 0 0 0  
Payment of long-term debt 0 0 (18,000) (17,000) (68,000)  
Short-term borrowings:            
Proceeds 0 0 0 0 0  
Payments 0 0 0 0 0  
Proceeds under the revolving lines of credit 1,600,000 1,900,000        
Payments under the revolving lines of credit (5,000,000) (2,900,000)        
Capital contributions received from parent 0 0 0 0 0  
Loan to Parent From Non-Guarantor (57,000,000) 0 0      
Payment of dividends and return of capital 0 0 0 0 0  
Proceeds from employee stock purchase plan 0 0 0 0 0  
Loan from Hertz Global Holdings, Inc. 0 0 0 0    
Purchase of noncontrolling interest   0 0      
Payment of financing costs (800,000) (1,500,000) (3,316,000) (2,817,000) 0  
Net cash provided by (used in) financing activities (61,200,000) (2,500,000) (4,596,000) (232,612,000) (3,583,000)  
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0 0  
Net decrease in cash and cash equivalents during the period 18,000,000 (3,400,000) (4,807,000) 2,227,000 (885,000)  
Cash and cash equivalents at beginning of period 2,578,000 7,385,000 7,385,000 5,158,000 6,043,000 4,000,000
Cash and cash equivalents at end of period 24,500,000   2,578,000 7,385,000 5,158,000 4,000,000
Non-Guarantor Subsidiaries
           
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS            
Net cash provided by (used in) operating activities 1,811,900,000 1,409,300,000 1,155,789,000 1,038,124,000 2,193,486,000  
Cash flows from investing activities:            
Net change in restricted cash and cash equivalents 176,200,000 99,300,000 (287,182,000) (70,534,000) 158,098,000  
Revenue earning equipment expenditures (6,389,900,000) (5,303,100,000) (8,761,509,000) (8,642,121,000) (8,156,363,000)  
Proceeds from disposal of revenue earning equipment 3,678,200,000 3,391,300,000 6,769,364,000 7,516,590,000 7,273,856,000  
Property and equipment expenditures (51,000,000) (32,800,000) (107,711,000) (62,437,000) (72,657,000)  
Proceeds from disposal of property and equipment 12,400,000 7,900,000 58,485,000 20,599,000 24,178,000  
Capital contributions to subsidiaries 0 0 0 0 0  
Return of capital from subsidiaries 0 0 0 0 0  
Loan to Parent From Non-Guarantor 57,000,000 (18,300,000) (385,108,000) 0 0  
Acquisitions, net of cash acquired (226,400,000) 0 0 (10,597,000) (3,747,000)  
Proceeds from disposal of business 0   84,497,000      
Other investing activities (2,000,000) (600,000) (1,779,000) 14,188,000 2,726,000  
Net cash used in investing activities (2,745,500,000) (1,856,300,000) (2,630,943,000) (1,724,585,000) (773,695,000)  
Cash flows from financing activities:            
Proceeds from issuance of long-term debt 954,400,000 10,500,000 27,280,000 607,170,000 1,425,847,000  
Payment of long-term debt (297,900,000) (5,800,000) (301,719,000) (52,988,000) (2,880,823,000)  
Short-term borrowings:            
Proceeds 332,000,000 246,700,000 438,387,000 460,890,000 490,490,000  
Payments (435,900,000) (629,400,000) (1,253,368,000) (1,164,832,000) (968,334,000)  
Proceeds under the revolving lines of credit 2,318,500,000 2,173,600,000        
Payments under the revolving lines of credit (1,477,900,000) (1,038,800,000)        
Capital contributions received from parent 485,700,000 2,215,900,000 4,267,118,000 3,549,088,000 1,544,332,000  
Loan to Parent From Non-Guarantor 0 0 0 (490,273,000)    
Payment of dividends and return of capital (1,056,300,000) (2,562,100,000) (2,604,573,000) (3,143,395,000) (2,258,650,000)  
Proceeds from employee stock purchase plan 0 0 0 0 0  
Loan from Hertz Global Holdings, Inc. 0 0 0 0    
Purchase of noncontrolling interest   0 0      
Payment of financing costs (11,900,000) (1,200,000) (10,902,000) (7,436,000) (49,040,000)  
Net cash provided by (used in) financing activities 810,700,000 409,400,000 1,616,649,000 426,974,000 (1,665,886,000)  
Effect of foreign exchange rate changes on cash and cash equivalents (8,200,000) (4,800,000) 5,739,000 3,838,000 (10,337,000)  
Net decrease in cash and cash equivalents during the period (131,100,000) (42,400,000) 147,234,000 (255,649,000) (256,432,000)  
Cash and cash equivalents at beginning of period 506,055,000 358,821,000 358,821,000 614,470,000 870,902,000 316,400,000
Cash and cash equivalents at end of period 371,000,000   506,055,000 358,821,000 614,470,000 316,400,000
Eliminations
           
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS            
Net cash provided by (used in) operating activities (405,300,000) (341,500,000) (775,317,000) (553,370,000) (381,555,000)  
Cash flows from investing activities:            
Net change in restricted cash and cash equivalents 0 0 0 0 0  
Revenue earning equipment expenditures 0 0 0 0 0  
Proceeds from disposal of revenue earning equipment 0 0 0 0 0  
Property and equipment expenditures 0 0 0 0 0  
Proceeds from disposal of property and equipment   0 0 0 0  
Capital contributions to subsidiaries 485,700,000 2,215,900,000 4,267,118,000 3,549,088,000 1,544,332,000  
Return of capital from subsidiaries (651,000,000) (2,220,600,000) (1,829,256,000) (2,590,025,000) (1,877,095,000)  
Loan to Parent From Non-Guarantor (57,000,000) 18,300,000 385,108,000 (490,273,000) 0  
Acquisitions, net of cash acquired 0 0 0 0 0  
Proceeds from disposal of business 0   0      
Other investing activities 0 0 0 0 0  
Net cash used in investing activities (222,300,000) 13,600,000 2,822,970,000 1,449,336,000 (332,763,000)  
Cash flows from financing activities:            
Proceeds from issuance of long-term debt 0 0 0 0 0  
Payment of long-term debt 0 0 0 0 0  
Short-term borrowings:            
Proceeds 0 0 0 0 0  
Payments 0 0 0 0 0  
Proceeds under the revolving lines of credit 0 0        
Payments under the revolving lines of credit 0 0        
Capital contributions received from parent (485,700,000) (2,215,900,000) (4,267,118,000) (3,549,088,000) (1,544,332,000)  
Loan to Parent From Non-Guarantor 57,000,000 (18,300,000) (385,108,000) 490,273,000    
Payment of dividends and return of capital 1,056,300,000 2,562,100,000 2,604,573,000 3,143,395,000 2,258,650,000  
Proceeds from employee stock purchase plan 0 0 0 0 0  
Loan from Hertz Global Holdings, Inc. 0 0 0 0    
Purchase of noncontrolling interest   0 0      
Payment of financing costs 0 0 0 0 0  
Net cash provided by (used in) financing activities 627,600,000 327,900,000 (2,047,653,000) (895,966,000) 714,318,000  
Effect of foreign exchange rate changes on cash and cash equivalents 0 0 0 0 0  
Net decrease in cash and cash equivalents during the period 0 0 0 0 0  
Cash and cash equivalents at beginning of period 0 0 0 0 0 0
Cash and cash equivalents at end of period $ 0   $ 0 $ 0 $ 0 $ 0