HERTZ GLOBAL HOLDINGS, INC HTZ Cash Flow

Hertz global holdings, inc (HTZ)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-259	-50	-37	-69	-173	-227	491	443	348	327	-729	-779	-663	-491	0	0	0
Net income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-17	0	0	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-474	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and reserves for revenue earning vehicles
2,880	2,791	2,650	2,569	2,549	2,546	2,585	2,618	2,679	2,722	2,733	2,729	2,614	2,531	0	0	0
Depreciation and amortization, non-vehicle
208	203	203	204	208	218	224	233	240	240	252	257	256	265	0	0	0
Amortization of deferred financing costs and debt discount (premium)
50	52	54	50	51	50	49	51	49	46	50	47	45	48	0	0	0
Amortization and write-off of debt discount (premium)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation charges
15	18	18	15	14	14	13	14	15	19	13	13	15	13	0	0	0
Provision for receivables allowance
58	53	41	39	36	35	34	35	34	33	44	44	45	51	0	0	0
Deferred income taxes, net
18	27	31	-5	-34	-66	-823	-821	-887	-922	-227	-204	-134	-78	0	0	0
Marketable Securities, Gain (Loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on marketable securities
-	-	-	-	-	20	0	0	0	-	-	-	-	84	0	0	0
(Gain) loss on sale of non-vehicle capital assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on derivatives
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges and asset write-downs
-	-	-	-	-	-	-	-	-	116	425	453	370	340	0	0	0
Other
7	3	-24	-25	-4	0	8	-9	5	-5	-4	19	6	8	0	0	0
Changes in assets and liabilities:
Non-vehicle receivables
-171	88	51	177	62	136	108	170	205	75	187	140	96	174	0	0	0
Prepaid expenses and other assets
14	8	9	29	14	23	55	35	51	22	42	54	42	31	0	0	0
Operating lease right-of-use assets
412	402	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-vehicle accounts payable
-53	65	23	-19	29	70	-1	59	64	20	146	103	51	31	0	0	0
Accrued liabilities
-172	-88	-71	126	96	75	25	-28	-52	-86	-61	-78	-47	-40	0	0	0
Accrued taxes, net
-10	14	-4	19	0	-8	-11	-20	-29	-23	24	23	53	38	0	0	0
Operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Self-insured liabilities
-41	-28	-19	-2	-7	0	-7	-5	6	-4	16	13	17	30	0	0	0
Net cash provided by (used in) operating activities
2,835	2,900	2,772	2,668	2,669	2,556	2,434	2,373	2,310	2,394	2,455	2,478	2,553	2,529	0	0	0
Revenue earning vehicles expenditures
14,087	13,714	13,953	13,830	12,901	12,493	11,989	11,497	11,324	10,596	10,845	10,694	10,324	10,872	0	0	0
Proceeds from disposal of revenue earning vehicles
9,545	9,486	9,267	9,010	8,823	8,452	7,746	7,472	7,500	7,653	7,544	7,727	7,852	8,679	0	0	0
Non-vehicle capital asset expenditures
229	224	228	215	187	177	168	169	176	173	159	146	129	134	0	0	0
Proceeds from non-vehicle capital assets disposed of or to be disposed of
31	27	25	64	66	51	50	18	18	21	24	31	47	59	0	0	0
Sales of marketable securities
74	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Return of (investment in) equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	45	0	0	0
Other
0	-1	-1	2	-23	4	1	0	36	0	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-4,667	-4,425	-4,890	-4,974	-4,202	-4,197	-4,394	-4,115	-3,923	-3,000	-3,314	-3,059	-2,551	-2,048	0	0	0
Proceeds from issuance of vehicle debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayments of vehicle debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from issuance of non-vehicle debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayments of non-vehicle debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Payment of financing costs
50	53	50	43	40	47	46	52	66	59	45	58	77	75	0	0	0
Transfers from discontinued entities
-	-	-	-	-	-	-	-	-	-	-	-	-	2,122	0	0	0
Contributions from noncontrolling interests
24	49	84	95	80	60	0	0	0	-	-	-	-	-	-	-	-
Other
-3	-3	-2	-4	-1	-2	-2	-1	-2	0	1	-1	3	12	0	0	0
Net cash provided by (used in) financing activities
2,236	1,474	1,804	2,044	623	1,561	1,211	459	2,474	988	868	1,168	-115	-183	0	0	0
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
-1	1	-17	-5	-24	-14	-2	1	28	28	5	-2	-15	-11	0	0	0
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period
403	-50	-331	-267	-934	-94	-751	-1,282	889	410	14	585	-128	287	0	0	0
Cash flows provided by (used in) operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	205	0	0	0
Cash flows provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-77	0	0	0
Cash flows provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-97	0	0	0
Net Cash Provided by (Used in) Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	31	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Income taxes, net of refunds
20	21	23	31	26	26	29	35	58	54	62	61	45	57	0	0	0
Supplemental disclosures of non-cash flow information:
Purchases of revenue earning vehicles included in accounts payable, net of incentives
-66	165	111	188	-13	169	226	196	370	194	116	171	67	185	0	0	0
Sales of revenue earning vehicles included in vehicle receivables
0	-	-	-	0	-	-	-	-	-	-	-	244	473	0	0	0
Sales of property and other equipment included in receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Purchases of non-vehicle capital assets included in accounts payable
27	40	47	46	45	42	59	66	77	65	54	42	32	20	0	0	0
Revenue earning vehicles and non-vehicle capital assets acquired through capital lease
-	-	-	-	-	-	-	-	-	35	0	0	0	-	-	-	-
Operating lease right-of-use assets obtained in exchange for lease liabilities
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
The Hertz Corporation
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-255	-45	-31	-64	-167	-222	0	449	353	332	0	0	0	-	-	-	-
Depreciation and reserves for revenue earning vehicles
2,880	2,791	2,650	2,569	2,549	2,546	0	2,618	2,679	2,722	0	0	0	-	-	-	-
Depreciation and amortization, non-vehicle
208	203	203	204	208	218	0	233	240	240	0	0	0	-	-	-	-
Amortization of deferred financing costs and debt discount (premium)
50	52	54	50	51	50	0	51	49	46	0	0	0	-	-	-	-
Stock-based compensation charges
15	18	18	15	14	14	0	14	15	19	0	0	0	-	-	-	-
Provision for receivables allowance
58	53	41	39	36	35	0	35	34	33	0	0	0	-	-	-	-
Deferred income taxes, net
20	28	33	-3	-32	-64	0	-821	-887	-922	0	0	0	-	-	-	-
Marketable Securities, Gain (Loss)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on sale of non-vehicle capital assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on derivatives
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on marketable securities
-	-	-	-	-	20	0	0	0	-	-	-	-	-	-	-	-
Impairment charges and asset write-downs
-	-	-	-	-	-	-	-	-	116	0	0	0	-	-	-	-
Other
7	4	-24	-25	-4	0	0	-8	6	-4	0	0	0	-	-	-	-
Non-vehicle receivables
-171	88	51	177	62	136	0	170	205	75	0	0	0	-	-	-	-
Prepaid expenses and other assets
14	8	9	29	14	23	0	35	51	22	0	0	0	-	-	-	-
Operating lease right-of-use assets
412	402	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-vehicle accounts payable
-53	65	23	-19	29	70	0	59	64	20	0	0	0	-	-	-	-
Accrued liabilities
-172	-88	-71	126	96	75	0	-28	-52	-86	0	0	0	-	-	-	-
Accrued taxes, net
-10	14	-4	19	0	-8	0	-21	-30	-24	0	0	0	-	-	-	-
Operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Self-insured liabilities
-41	-28	-19	-2	-7	0	0	-5	6	-4	0	0	0	-	-	-	-
Net cash provided by (used in) operating activities
2,841	2,907	2,780	2,675	2,677	2,563	0	2,379	2,315	2,399	0	0	0	-	-	-	-
Revenue earning vehicles expenditures
14,087	13,714	13,953	13,830	12,901	12,493	0	11,497	11,324	10,596	0	0	0	-	-	-	-
Proceeds from disposal of revenue earning vehicles
9,545	9,486	9,267	9,010	8,823	8,452	0	7,472	7,500	7,653	0	0	0	-	-	-	-
Non-vehicle capital asset expenditures
229	224	228	215	187	177	0	169	176	173	0	0	0	-	-	-	-
Proceeds from non-vehicle capital assets disposed of or to be disposed of
31	27	25	64	66	51	0	18	18	21	0	0	0	-	-	-	-
Sales of marketable securities
74	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	-1	-1	2	-23	4	0	0	36	0	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-4,667	-4,425	-4,890	-4,974	-4,202	-4,197	0	-4,115	-3,923	-3,000	0	0	0	-	-	-	-
Payment of financing costs
50	53	50	43	40	47	0	52	66	59	0	0	0	-	-	-	-
Advances to Hertz Holdings
11	12	12	9	9	9	0	9	8	6	0	0	0	-	-	-	-
Contributions from noncontrolling interests
0	-	-	-	80	60	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	11	1	1	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
2,230	1,467	1,796	2,037	615	1,554	0	453	2,469	983	0	0	0	-	-	-	-
Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents
-1	1	-17	-5	-24	-14	0	1	28	28	0	0	0	-	-	-	-
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents during the period
403	-50	-331	-267	-934	-94	0	-1,282	889	410	0	0	0	-	-	-	-
Income taxes, net of refunds
20	21	23	31	26	26	0	35	58	54	0	0	0	-	-	-	-
Purchases of revenue earning vehicles included in accounts payable, net of incentives
-66	165	111	188	-13	169	0	196	370	194	0	0	0	-	-	-	-
Sales of revenue earning vehicles included in receivables
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Purchases of non-vehicle capital assets included in accounts payable
27	40	47	46	45	42	0	66	77	65	0	0	0	-	-	-	-
Revenue earning vehicles and non-vehicle capital assets acquired through capital lease
-	-	-	-	-	-	-	-	-	35	0	0	0	-	-	-	-
Vehicles
Proceeds from issuance of debt
13,007	13,013	13,177	12,862	12,495	14,009	0	15,142	13,839	10,756	0	0	0	-	-	-	-
Repayments of debt
11,332	11,530	11,439	10,851	11,879	12,426	0	13,408	11,835	10,244	0	0	0	-	-	-	-
Interest, net of amounts capitalized:
447	431	442	417	384	379	0	336	306	291	0	0	0	-	-	-	-
Sales of revenue earning vehicles included in vehicle receivables
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Sales of revenue earning vehicles included in other receivables
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Non-vehicle
Proceeds from issuance of debt
4,115	3,016	1,896	1,185	771	557	0	187	2,127	2,100	0	0	0	-	-	-	-
Repayments of debt
4,239	3,732	2,610	1,200	784	571	0	1,400	1,589	1,560	0	0	0	-	-	-	-
Interest, net of amounts capitalized:
269	272	297	284	287	286	0	305	289	291	0	0	0	-	-	-	-