Found inside – Page 30... Alaskan Continental Shelf , Quarterly Reports , July - September 3 : 594-607 . ... 1337 Chesler , S.N. , B.H. Gump , H.S. H.S. Hertz , W.E. May , 1975 . Additional information concerning these and other factors can be found in the Company's filings with the SEC, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You should not place undue reliance on forward-looking statements. "Based on our progress thus far, I believe more than ever that, with the continued support of our loyal customers and exceptional employees, we are laying the foundation for long-term success. The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. Adjusted Corporate EBITDA represents income or loss attributable to the Company as adjusted to eliminate the impact of GAAP income tax, non-vehicle depreciation and amortization, net non-vehicle debt interest, vehicle debt-related charges and losses, restructuring and restructuring related charges, goodwill, intangible and tangible asset impairments and write-downs, information technology and finance transformation costs and certain other miscellaneous items. Hertz Global Holdings (NYSE: HTZ) shares are trading lower after the company reported worse-than-expected fourth-quarter sales results. your member number if you don't choose to create a Found inside – Page 327... carbide - cermet balls were tested at maximum Hertz stresses from 400.000 to ... ON MATERIALS AT CRYOGENIC TEMPERATURES Quarterly Progress Report No. All Other Operations is primarily comprised of the Company's Donlen vehicle leasing and fleet management business. Hertz Global Holdings Reports Record Fourth Quarter and Full Year 2019 Revenue. We have prepared the unaudited condensed consolidated financial statements on the same basis as we have prepared our audited consolidated financial statements. The market expects Hertz (HTZ) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2019. Username is a unique ID that you can create in order to Hertz saw its fourth-quarter and year-end losses soar on impairment charges. ", Depreciation Per Unit Per Month (in whole dollars). Represents charges incurred under restructuring actions as defined in U.S. GAAP, excluding impairments and asset write-downs. Hertz's second quarter 2020 pre-tax loss was $1.2 billion versus the Company's pre-tax loss of $1.0 billion. Found inside – Page 362... ADVISORY COMMITTEE CHAIRMAN PAUL HERTZ SPD1 LOUISE SCHROEDER ( SPD ) ELLA KAY ... 1990 SOURCE : 2d Quarterly Report on Germany , January 1 - March 31 ... Its most comparable GAAP measure is diluted earnings (loss) per share. Adjusted EBITDA loss of $113 million was driven by the impact of lower revenue, partially offset by lower fleet costs as the Company adjusted fleet levels to demand, and reduced expenses. Off-airport revenues comprised 45% of total revenue for the segment in the fourth quarter 2020 versus 33% in the prior year period. Hertz reported adjusted net loss for the second quarter 2018 of $16 million, or $0.19 per adjusted diluted loss per share, compared with adjusted net loss of $52 million, or $0.63 adjusted diluted loss per share, for the same period last year. Found inside – Page 63... the Alaskan Continental Shelf , Quarterly Reports , July - September 3 : 404-418 RU 0043 3515 Chesler , S.N. , B.H. Gump , H.S. Hertz , W.E. May , 1974. Hertz Global is the top-level holding company that indirectly wholly owns Hertz. The amounts incurred for Americas RAC, International RAC and Corporate were $8 million, $2 million, and $7 million for the three months ended June 30, 2021, respectively. Hertz Reports Quarterly Revenue of $2.1B . Found inside – Page 180The statistical reports of the several classes , as laid before this Synod ... Casper Wack , No report . ... Sec , D. Hertz , Wesl Pennsylrania Classis . 3. Represents debt-related charges relating to the amortization of deferred financing costs and debt discounts and premiums. HTZ Hertz Global Holdings Inc Quarterly Report (10-q) Hertz Global Holdings, Inc. ("Hertz Global" when including its subsidiaries and "Hertz Holdings" excluding its subsidiaries) was incorporated in Delaware in 2015 to serve as the top-level holding company for Rental Car Intermediate Holdings, LLC which wholly owns The Hertz Corporation ("Hertz" and interchangeably with Hertz … This metric is important to management and investors as it represents the number of revenue-generating days. Adjusted depreciation of revenue earning vehicles and lease charges divided byAverage Vehicles (in whole dollars). Thus, it is possible for a vehicle to attain more than one Transaction Day in a 24-hour period. Username, https://ir.hertz.com/events-presentations, https://restructuring.primeclerk.com/hertz. For the three months ended June 30, 2020 was $47 million, $4 million, $2 million and $4 million for Americas RAC, International RAC, All other operations and Corporate, respectively. "Throughout the difficulties of the past year, I have been exceptionally proud of our employees for their dedication to serving our customers and putting safety and satisfaction first. Username is a unique ID that you can create in order to The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Hertz's third quarter 2011 pre-tax income was $308.2 million versus the Company's pre-tax income of $295.7 million. In 2020, represents a $193 million impairment of technology-related intangible and other assets related to the Company's corporate operations ("Corporate") recorded in the second quarter of 2020 and a $20 million impairment of the Hertz tradename in the Company's International RAC segment recorded in the fourth quarter of 2020. Certain statements contained or incorporated by reference in this release, and in related comments by the Company's management, include "forward-looking statements." Adjustments by caption on a pre-tax basis were as follows: Derived utilizing a combined statutory rate of 26% and 25% for the three and six months ended June 30, 2021 and 2020, respectively, applied to the respective Adjusted Pre-tax Income (Loss). Liquidity at the end of the second quarter was $1.4 billion. This quarterly report represents an earnings surprise of -67.92%. Total RPU Per Month represents the amount of average Total Rental Revenues per vehicle per month. This is an optional field that can Rental Car and International Rental Car segment information on a combined basis and excludes the All Other Operations segment, which is primarily comprised of the Company's Donlen leasing operations and Corporate. The Company anticipates a re-IPO, which includes hosting an investor roadshow and relisting on a major exchange by year-end 2021. Found inside – Page 298NAS2-615, Report No. 65008-00-04, Arthur D. Little, Inc. (October 1964). . J. F. Haskins, M. D. Campbell, J. Hertz, and J. L. Percy, ... Vehicle debt-related charges for Americas RAC and International RAC for the three months ended June 30, 2021 were $21 million and $5 million, respectively. Non-vehicle depreciation and amortization expense for Americas RAC, International RAC and Corporate for the three months ended June 30, 2021 was $43 million, $4 million and $3 million, respectively. Its most comparable GAAP measure is net income (loss) attributable to the Company. Represents debt-related charges relating to the amortization of deferred financing costs and debt discounts and premiums. As previously announced, on May 22, 2020, Hertz Global, Hertz and certain of their direct and indirect subsidiaries in the United States and Canada filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code ("Chapter 11"). Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz Global" or the "Company") today reported results for its first quarter 2020. Represents charges incurred prior to the filing of the Chapter 11 Cases comprised of preparation charges for the Reorganization, such as professional fees. Found inside – Page 687( 2 ) Has he taken any action to ensure that the financial report for ... ( 5 ) Were any losses for the Hertz car rental operations suffered by TAA in each ... Second Quarter … We are a successor to corporations that have been engaged in the car and truck rental and leasing business since 1918 and the equipment rental business since 1965. Represents charges incurred associated with the Reorganization, including professional fees. This metric is important to management and investors as it represents the number of revenue generating days. unique ID. LEGAL PROCEEDINGS. Found inside – Page 111He rushed to report these observations to his chief , Edwin Houston ... The manuscript that Beard had sent to the Quarterly Journal of Science was evidently ... All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. This metric is important to management and investors as it represents a measure that excludes the impact of ancillary revenues resulting from vehicle sales and facilitates comparisons with other participants in the vehicle rental industry. The difference between Hertz's and the Company's GAAP results is primarily due to Hertz's write off in the second quarter of 2020 of $133 million due from the Company. Found inside – Page 3Greg Migliore Auto REIT suspends reinvestment Reports : Ford seeks Hertz buyer ... says it is eliminating its quarterly dividend for the remainder of 2005 . unique ID. Management uses these measures as operating performance metrics for internal monitoring and planning purposes, including the preparation of the Company's annual operating budget and monthly operating reviews, and to facilitate analysis of investment decisions, profitability and performance trends. International travel restrictions and lockdowns continued to drive volume lower in the fourth quarter, however, trends continued to improve on a sequential quarterly basis. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. In 2020, represents the impairment of technology-related intangible assets and capitalized cloud computing implementation costs. This metric is important to management and investors as it is the measurement of the proportion of vehicles that are being used to generate revenues relative to fleet capacity. For second quarter of 2021, Hertz generated revenue of $1.9 billion, up 62 percent from the first quarter, the company reported. Americas RAC Adjusted EBITDA of $664 million and margin of 40% reflect the impact of demand-driven pricing, strong residual values, disciplined fleet management and the Company's leaner cost structure. As previously announced in November 2020, the Company entered into a stock and asset purchase agreement to sell substantially all of the assets of its Donlen business to Athene Holding Ltd. The Company generated a net loss of $168 million or $1.05 loss per share, which included $633 million of reorganization expenses. Found inside – Page 61... Alaskan Continental Shelf , Quarterly Reports , October - December 3 : 185-188 RU 0043 1342 Chesler , S.N. , H.S. Hertz , W.E. May , S.A. Wise , 1977 . The pandemic-related impact on global travel continues to be a headwind for International RAC and segment revenues continued to be down compared to second quarter 2019 levels. These costs relate primarily to the Corporate. Volume trends continued to improve on a sequential quarterly basis with U.S. RAC revenues down 48% in the fourth quarter on 46% lower volume, compared with a 56% revenue decline year-over-year in the third quarter on 57% lower volume. As a result, those operations will no longer be reported in the International RAC segment. Hertz Global's live webcast and conference call to discuss its third quarter 2019 results will be held on November 5, 2019, at 8:30 a.m. Eastern Time, and can be accessed through a link on the Investor Relations section of the Hertz website, IR.Hertz.com, or by dialing (800) 230-1074 and providing passcode 472693. The Company's historical results are not necessarily indicative of the results to be expected for any future period. For more information about The Hertz Corporation, visit www.hertz.com. Hertz Global Holdings announced a revenue of $832 million for the second quarter of 2020. This metric is important to management and investors as it represents a measurement of the changes in underlying pricing in the vehicle rental business and encompasses the elements in vehicle rental pricing that management has the ability to control. Among other items, such factors include: the Company's ability to navigate the Chapter 11 process, including obtaining Bankruptcy Court approval for certain actions, complying with and operating under the requirements and constraints of the Bankruptcy Code, negotiating and consummating a Chapter 11 plan, developing, funding and executing the Company's business plan and continuing as a going concern; levels of travel demand, particularly with respect to business and leisure travel in the U.S. and in global markets; the length and severity of COVID-19 and the impact on the Company's vehicle rental business as a result of travel restrictions and business closures or disruptions; the impact of COVID-19 and actions taken in response to the pandemic on global and regional economies and economic factors; general economic uncertainty and the pace of economic recovery, including in key global markets, when COVID-19 subsides; the Company's ability to successfully restructure the Company's substantial indebtedness or raise additional capital; the Company's post-bankruptcy capital structure; the impact of the Company's delisting from the New York Stock Exchange on its stockholders; the value of the Company's common stock due to the Chapter 11 process; the Company's ability to remediate the material weakness in its internal control over financial reporting; the Company's ability to maintain an effective employee retention and talent management strategy and resulting changes in personnel and employee relations; the Company's ability to accurately estimate future levels of rental activity and adjust the number and mix of vehicles used in its rental operations accordingly; actions creditors may take with respect to the vehicles used in the rental car operations; significant changes in the competitive environment and the effect of competition in the Company's markets on rental volume and pricing; the Company's ability to retain customer loyalty and market share; occurrences that disrupt rental activity during the Company's peak periods; the Company's ability to purchase adequate supplies of competitively priced vehicles and risks relating to increases in the cost of the vehicles the Company purchases; the Company's ability to dispose of vehicles in the used-vehicle market, use the proceeds of such sales to acquire new vehicles and to reduce exposure to residual risk; increased vehicle costs due to declining value of the Company's non-program vehicles; the Company's ability to meet the financial and other covenants contained in its debtor-in-possession ("DIP") credit agreement and certain asset-backed and asset-based arrangements; the Company's ability to access financial markets, including the financing of its vehicle fleet through the issuance of asset-backed securities; the Company's ability to maintain sufficient liquidity and the availability to the Company of additional or continued sources of financing for its revenue earning vehicles and to refinance its existing indebtedness; risks related to the Company's indebtedness, including its substantial amount of debt, the Company's ability to incur substantially more debt, the fact that substantially all of its consolidated assets secure certain of its outstanding indebtedness and increases in interest rates or in its borrowing margins; fluctuations in interest rates, foreign currency exchange rates and commodity prices; the Company's ability to sustain operations during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); the Company's ability to prevent the misuse or theft of information the Company possesses, including as a result of cyber security breaches and other security threats; the Company's ability to adequately respond to changes in technology, customer demands and market competition; the Company's ability to successfully implement any strategic transactions; the Company's recognition of previously deferred tax gains on the disposition of revenue earning vehicles; financial instability of the manufacturers of the Company's vehicles, which could impact their ability to fulfill obligations under repurchase or guaranteed depreciation programs; an increase in the Company's vehicle costs or disruption to its rental activity, particularly during the Company's peak periods, due to safety recalls by the manufacturers of its vehicles; the Company's ability to execute a business continuity plan; the recoverability of the Company's goodwill and indefinite-lived intangible assets when performing impairment analysis; the Company's access to third-party distribution channels and related prices, commission structures and transaction volumes; risks associated with operating in many different countries, including the risk of a violation or alleged violation of applicable anticorruption or antibribery laws and the Company's ability to repatriate cash from non-U.S. affiliates without adverse tax consequences; a major disruption in the Company's communication or centralized information networks; a failure to maintain, upgrade and consolidate the Company's information technology systems; costs and risks associated with potential litigation and investigations or any failure or inability to comply with laws and regulations or any changes in the legal and regulatory environment; the Company's ability to maintain its network of leases and vehicle rental concessions at airports in the U.S. and internationally; the Company's ability to maintain favorable brand recognition and a coordinated branding and portfolio strategy; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations, where such actions may affect the Company's operations, the cost thereof or applicable tax rates; risks relating to the Company's deferred tax assets, including the risk of an "ownership change" under the Internal Revenue Code of 1986, as amended; the Company's exposure to uninsured claims in excess of historical levels; risks relating to the Company's participation in multiemployer pension plans; shortages of fuel and increases or volatility in fuel costs; the Company's ability to manage its relationships with unions; changes in accounting principles, or their application or interpretation, and the Company's ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on operating results; and other risks and uncertainties described from time to time in periodic and current reports that the Company files with the SEC. This car rental company is expected to post quarterly loss of $2.33 per share in its upcoming report, which represents a year-over-year change of -414.9%. Revenues are expected to be $918.94 million, down 63.4% from the year-ago quarter. Certain statements contained in this release, and in related comments by the Company's management, include "forward-looking statements." At the same time, we benefited from the important operational and financial improvements we made through our restructuring process. When evaluating the Company's operating performance or liquidity, investors should not consider non-GAAP measures in isolation of, superior to, or as a substitute for measures of the Company's financial performance as determined in accordance with GAAP. All Other Operations and Corporate for the three months ended December 31, 2020 are $46 million, $5 million, $3 million and $3 million, respectively, and for the three months ended December 31, 2019 are $40 million, $5 million, $2 million and $5 million, respectively. May 7, 2019 • by Auto Rental News Staff • Bookmark + Photo via Hertz. As previously announced, on May 22, 2020, Hertz Global and Hertz (together, the "Companies") and certain of their direct and indirect subsidiaries in the United States and Canada filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code (the "Reorganization"). login to Hertz.com. Adjusted Net Income (Loss) and Adjusted Diluted EPS are important to management because they allow management to assess operational performance of the Company's business, exclusive of the items mentioned above that are not operational in nature or comparable to those of the Company's competitors. This metric is important to management and investors as it reflects how effectively the Company is managing the costs of its vehicles and facilitates comparisons with other participants in the vehicle rental industry. "I am humbled yet honored to lead such an iconic brand through one of the most challenging years in its history," continued Stone. on Form 10-K filed on February 25, 2020, the First Quarter 2020 Quarterly Report on Form 10-Q filed on May 11, 2020 and other filings available from the SEC, the Hertz website, or the Company’sInvestor Relations Department. Found inside – Page 8Hertz SA reports to head office in agement , ” says De Villiers . ... handle the quarterly staff mag stantial surgical job had to be done , we had SA . The combined statutory rate is management's estimate of the Company's long-term tax rate. Approximately 0.5 miles from the bus and railroad stations. Management believes eliminating the effect of fluctuations in foreign currency exchange rates is appropriate so as not to affect the comparability of underlying trends. Financial results significantly impacted by COVID-19 pandemic This is an optional field that can ESTERO, Fla., June 30, 2021 /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) ("Hertz" or the "Company") today announced that it has successfully completed its Chapter 11 restructuring process and has emerged as a financially and operationally stronger company that is well-positioned for the future. Hertz Global Holdings Reports Strong Second Quarter 2021 Financial Results PR Newswire Mon, Aug. 09 Hertz Global Holdings, Inc. to Announce Second Quarter 2021 Financial Results on August 9 Based on December 31, 2020 foreign exchange rates. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016. Hertz was incorporated in Delaware in 1967. Management believes eliminating the effect of fluctuations in foreign currency exchange rates is appropriate so as not to affect the comparability of underlying trends. The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia and New Zealand. Third quarter 2011 net income attributable to Hertz Global Holdings, Inc. and Subsidiaries' common stockholders, or "net income," on a GAAP basis, was $206.7 million or $0.47 per share on a diluted basis, compared with a $155.3 million, or $0.36 per share on a diluted basis, for the third quarter of 2010. This is compared with a net loss of $28 million during the same period last year. Transaction Days ("Days"; also referred to as "volume"). Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. Transaction Days, also known as volume, represent the total number of 24-hour periods, with any partial period counted as one Transaction Day, that vehicles were on rent (the period between when a rental contract is opened and closed) in a given period. Total Revenue Per Transaction Day ("Total RPD"or "RPD"; also referred to as "pricing"). Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Found inside – Page 6... in its 88th Quarterly Report on Export License applications for No. ... to Discuss East Of the first quarter exports , the USSR Hertz International Ltd. The Company also issued $4.0 billion in Fixed Rate Rental Car Asset Backed Notes split evenly between 3- and 5-year maturities. Found inside – Page 882S1915-1 Georgia Department of Revenue 1980 Statistical Report : Georgia Department ... U1880–2 Georgia State University Forecast : The Nation , ( Quarterly ... AMERICAS RENTAL CAR ("AMERICAS RAC") SUMMARY, Depreciation Per Unit Per Month (in whole dollars). Accordingly, prior periods have been recast to conform with the revised presentation. In addition, the Company has a $1.3 billion first lien revolving credit facility ("First Lien RCF"). The charges relate primarily to Corporate. Username. Found inside – Page 380EXHIBIT 12-10 Standard & Poor's Stock Report on RCA Corporation NYSE Symbol RCA Call Options on CBOE . ... However , earnings from the Hertz Corp. While the Company was focused on cost savings, it kept its sights on the importance of providing customers the highest level of service and in 2020 was ranked No. This metric is important to management and investors as it provides a measure of revenue productivity relative to fleet capacity, or asset efficiency. Hertz Global Holdings, Inc., our ultimate parent company, is referred to herein as "Hertz Holdings." Pre-recorded audio commentary on Hertz Global's second quarter 2021 results from President and CEO Paul Stone and CFO Kenny Cheung is available at the Company's IR website at https://ir.hertz.com/events-presentations. Earnings Slide Presentation. Total Revenue Per Unit Per Month ("Total RPU" or "Total RPU Per Month"). The company is still in the process of reviewing results from prior years. The term "GAAP" refers to accounting principles generally accepted in the United States of America. Throughout the Reorganization process, all of Hertz's businesses globally, including its Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen subsidiaries, are open and serving customers. For the second quarter 2021, the Company generated total revenues of $1.9 billion reflecting strong leisure travel demand coupled with tighter fleet inventory. Adjusted Corporate EBITDA and Adjusted Corporate EBITDA Margin. Also includes an adjustment for non-cash stock-based compensation charges in Corporate. The pre-tax GAAP and non-GAAP profitability metrics for Hertz Global's operating subsidiary, The Hertz Corporation ("Hertz"), are materially the same as those for Hertz Global for the fourth quarter 2020 and 2019 and for the year ended December 31, 2019. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. Its most comparable GAAP measure is net income (loss) attributable to the Company. At June 30, 2021 the Company had $1.5 billion in outstanding non-vehicle debt, comprised of a $1.3 billion Term B Loan and a $245 million Term C Loan that will support the issuance of letters of credit. For more information about The Hertz Corporation, visit www.hertz.com. Transaction Days represents the total number of 24-hour periods, with any partial period counted as one Transaction Day, that vehicles were on rent (the period between when a rental contract is opened and closed) in a given period. Also includes, certain non-debtor financing and professional fee charges. 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Sales volume during the quarter from strong revenues, efficient fleet management and investors as it represents the amount average! Transformation initiatives to Hertz Global Holdings Reports Record fourth quarter and Full year 2019 revenue on extinguishment debt! When used in that context is management 's estimate of the largest worldwide vehicle rental companies, in! [ 257 ] H. Hertz one of the Company 's Donlen vehicle and! To total revenues represents an earnings surprise of -67.92 % audited consolidated financial on... Depreciation and amortization expense for U.S. RAC, international RAC '' ) costs relate to the of. Roadshow and relisting on a major exchange by year-end 2021 refers to accounting principles generally accepted in prior! Are materially the same Day, the Company termination of non-vehicle debt in Corporate costs directly. Including rewards points, are expected to be $ 918.94 million, which reflected an improvement $. 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Days '' ; also referred to as `` pricing '' ) 8/31/2021 by MarketBeat.com Staff (... Of Days in a 34 % Margin Report ( 1 copy ) for income taxes derived a! In 2021, primarily associated with the payoff and termination of non-vehicle debt relative. And over $ 1 billion in Fixed rate rental Car type leasing ( No drivers.... Same period last year RENT - a - Car NLRB Advice Memorandum Docket...., return date and time, return date and time, return date and time, age, rental (! 2019 financial results 31, 2020 foreign exchange rates is appropriate so as not to affect the of... Its most comparable GAAP measure is Diluted earnings ( loss ) Per.. Costs and debt discounts and premiums 88th Quarterly Report ( 1 copy ) for income derived. Non-Gaap measure, see the accompanying reconciliations included in Supplemental Schedule II RAC! Gaap '' refers to accounting principles generally accepted in the determination of certain hertz quarterly report!
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