Hertz global holdings, inc (HTZ)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15Jun'15
Revenues:
Worldwide vehicle rental

1,749

2,146

2,664

2,344

1,953

2,061

2,584

2,217

1,894

1,924

2,413

2,062

1,764

1,858

2,390

2,124

1,839

2,426

2,171

All other operations

174

179

172

167

154

233

174

172

169

167

159

162

152

150

152

146

144

149

146

Revenues

1,923

2,325

2,836

2,511

2,107

2,294

2,758

2,389

2,063

2,091

2,572

2,224

1,916

2,008

2,542

2,270

1,983

2,575

2,317

Expenses:
Direct vehicle and operating

1,241

1,340

1,492

1,388

1,266

1,311

1,459

1,349

1,236

1,223

1,348

1,255

1,132

1,154

1,353

1,267

1,158

1,345

1,290

Depreciation of revenue earning vehicles and lease charges

677

672

667

634

592

670

672

687

661

654

700

743

701

661

695

629

616

631

597

Selling, general and administrative

208

245

232

258

234

253

265

265

234

220

217

223

220

213

227

234

225

218

251

Vehicle

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

65

62

Non-vehicle

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

88

87

Interest expense, net:
Total interest expense, net

-175

-219

-204

-199

-183

-185

-188

-200

-166

-173

-176

-158

-130

-144

-156

-174

-150

153

149

Intangible asset impairments

-

-

-

-

-

-

-

-

-

-

0

86

-

-

0

0

-

-

-

Other (income) expense, net

17

22

6

12

19

4

7

26

3

0

12

-4

-27

-11

-3

-1

90

28

8

Total expenses

2,284

2,454

2,589

2,467

2,256

2,415

2,577

2,475

2,294

2,270

2,429

2,469

2,210

2,475

2,434

2,305

2,059

2,319

2,279

Income (loss) before income taxes

-361

-129

247

44

-149

-121

181

-86

-231

-179

143

-245

-294

-467

108

-35

-76

256

38

Income tax (provision) benefit

-4

-14

74

4

-1

-19

41

-23

-29

-794

50

-87

-71

-29

64

-7

-24

39

25

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-438

44

-28

-52

217

13

Net income (loss) from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-2

-15

1

20

23

Net income (loss)

-357

-115

173

40

-148

-102

140

-63

-202

615

93

-158

-223

-439

42

-43

-51

237

36

Net (income) loss attributable to noncontrolling interests

-1

-

4

2

-1

-1

-1

0

0

-

0

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hertz

-356

-118

169

38

-147

-101

141

-63

-202

-

93

-

-

-

-

-

-

-

-

Weighted-average shares outstanding:
Basic (in shares)

142

143

133

96

96

109

96

96

83

131

83

83

83

82

84

85

85

91

92

Diluted (in shares)

142

141

134

97

96

109

96

96

83

131

83

83

83

81

85

85

85

91

0

Weighted average shares used to calculate diluted earnings per share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92

Earnings (loss) per share:
Basic earnings (loss) per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-5.23

0.52

-0.33

-0.61

2.38

0.14

Diluted earnings (loss) per share from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-5.23

0.52

-0.33

-0.61

2.38

0.14

Basic earnings (loss) per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

-0.18

0.01

0.22

0.25

Basic earnings (loss) per share (in dollars per share)

-2.50

-0.61

1.26

0.40

-1.54

-0.73

1.47

-0.66

-2.43

6.91

1.12

-1.90

-2.69

-5.24

0.50

-0.51

-0.60

2.60

0.39

Diluted earnings (loss) per share from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.18

0.01

0.22

0.25

Diluted earnings (loss) per share (in dollars per share)

-2.50

-0.61

1.26

0.40

-1.54

-0.73

1.47

-0.66

-2.43

6.91

1.12

-1.90

-2.69

-5.23

0.49

-0.51

-0.60

2.60

0.39

The Hertz Corporation
Worldwide vehicle rental

1,749

2,146

2,664

2,344

1,953

2,061

2,584

2,217

1,894

1,924

2,413

2,062

1,764

-

-

-

-

-

-

All other operations

174

179

172

167

154

233

174

172

169

167

159

162

152

-

-

-

-

-

-

Revenues

1,923

2,325

2,836

2,511

2,107

2,294

2,758

2,389

2,063

2,091

2,572

2,224

1,916

-

-

-

-

-

-

Direct vehicle and operating

1,241

1,340

1,492

1,388

1,266

1,311

1,459

1,349

1,236

1,223

1,348

1,255

1,132

-

-

-

-

-

-

Depreciation of revenue earning vehicles and lease charges

677

672

667

634

592

670

672

687

661

654

700

743

701

-

-

-

-

-

-

Selling, general and administrative

208

245

232

258

234

253

265

265

234

220

217

223

220

-

-

-

-

-

-

Total interest expense, net

-173

-218

-202

-197

-181

-183

-186

-198

-165

-171

-175

-157

-129

-

-

-

-

-

-

Intangible asset impairments

-

-

-

-

-

-

-

-

-

-

0

86

-

-

-

-

-

-

-

Other (income) expense, net

17

22

6

12

19

4

7

26

3

0

12

-4

-27

-

-

-

-

-

-

Total expenses

2,282

2,453

2,587

2,465

2,254

2,413

2,575

2,473

2,293

2,268

2,428

2,468

2,209

-

-

-

-

-

-

Income (loss) before income taxes

-359

-128

249

46

-147

-119

183

-84

-230

-177

144

-244

-293

-

-

-

-

-

-

Income tax (provision) benefit

-3

-14

75

5

-1

-18

42

-23

-29

-795

50

-86

-71

-

-

-

-

-

-

Net income (loss)

-356

-114

174

41

-146

-101

141

-61

-201

618

94

-158

-222

-

-

-

-

-

-

Net (income) loss attributable to noncontrolling interests

-1

-

4

2

-1

-

-1

0

0

-

0

-

-

-

-

-

-

-

-

Net income (loss) attributable to Hertz

-355

-117

170

39

-145

-100

142

-61

-201

-

94

-

-

-

-

-

-

-

-

Vehicles
Total interest expense, net

-118

867

-134

-127

-112

784

-115

-127

-94

410

-90

82

-71

-

-

-

-

-

-

Non-vehicle
Total interest expense, net

-57

524

-70

-72

-71

509

-73

-73

-72

375

-86

76

-59

-

-

-

-

-

-