Hertz Global

Travel & Transportation car rental fleets holding company

Hertz operates the Hertz, Dollar, Thrifty car rental brands in more than 11,000 corporate and licensee locations throughout 140 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental company with more than 1,700 airport locations in the U.S. and more than 1,300 airport locations internationally.

Revenue(Q1, 2017)

$1.9 B

Market capitalization(2017-08-15)

$1.7 B

Company Growth (employees)

Type

Public

Estero, US

Founded

1918

Size (employees)

30,000 (est)-9%

Website

hertz.com

Hertz Global was founded in 1918 and is headquartered in Estero, US

Key People at Hertz Global

Kathryn Marinello

President & CEO

Tom Kennedy

EVP & CFO

Tyler Best

EVP & Chief Information Officer

Hertz Global Office Locations

Hertz Global has an office in Estero

Hertz Global Data and Metrics

Hertz Global Financial Metrics

Hertz Global's revenue was reported to be $1.9 b in Q1, 2017

Summary

USD

Hertz Global's current market capitalization is $1.7 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	10.8 b	2.6 b	10.5 b	8.8 b
Revenue growth, %		(76%)	312%	(16%)
General and administrative expense				899 m
Operating expense total	10 b	2.8 b	10.2 b	9.3 b
Interest expense	678.9 m	163 m	619 m	624 m
Pre tax profit	739.2 m	(231 m)	132 m	(470 m)
Income tax expense				(4 m)
Net Income	394 m	(78 m)	276 m	(491 m)

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	2.3 b	2.5 b	1.9 b
General and administrative expense	234 m	227 m	220 m
Operating expense total	234 m	227 m	220 m
Pre tax profit	(35 m)	108 m	(294 m)
Income tax expense			71 m
Net Income	(43 m)	42 m	(223 m)

Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Cash	490 m	479 m	816 m
Accounts Receivable			212.8 k
PP&E	1.3 b	977 m	858 m
Goodwill	1.4 b	1.4 b	1.1 b
Total Assets	24.1 b	23.4 b	19.2 b
Accounts Payable	1 b	875 m	821 m
Total Debt		15.8 b	13.5 b
Non-Current Liabilities		21.5 b	18.1 b
Total Liabilities			18.1 b
Common Stock		4 m	1 m
Additional Paid-in Capital	3.6 b	3.6 b	2.2 b
Retained Earnings	(956 m)	(1 b)	(882 m)
Total Equity	2.5 b	1.9 b	1.1 b
Debt to Equity Ratio		8.1 x	12.6 x
Debt to Assets Ratio		0.7 x	0.7 x
Financial Leverage	9.7 x	12 x	17.8 x

Quarterly

USD	Q2, 2016	Q3, 2016	Q1, 2017
Cash	1.3 b	1.4 b	785 m
Inventories	43 m	33 m
Goodwill	1.3 b	1.3 b	1.1 b
Total Assets	22 b	21.1 b	19.7 b
Accounts Payable	1.2 b	792 m	1.1 b
Additional Paid-in Capital	2.2 b	2.2 b	2.2 b
Retained Earnings	(484 m)	(442 m)	(1.1 b)
Total Equity	1.6 b	1.6 b	918 m
Financial Leverage	13.7 x	13.4 x	21.4 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	394 m	(78 m)	276 m	(491 m)
Depreciation and Amortization		2.6 b	2.4 b	2.5 b
Accounts Payable	23.2 m	23 m	(16 m)	31 m
Cash From Operating Activities	3.6 b	3.5 b	3.3 b	2.5 b
Capital Expenditures		(9.8 b)	(11.4 b)	(11 b)
Cash From Investing Activities	(3.8 b)	(3.2 b)	(3 b)	(2 b)
Short-term Borrowings				(4.7 b)
Long-term Borrowings		(1.2 b)	(1.3 b)	(9.7 b)
Cash From Financing Activities	105.1 m	(161 m)	(280 m)	(183 m)
Interest Paid	631.8 m	557 m	572 m	235 m
Income Taxes Paid	70.9 m	64 m	34 m	57 m
Free Cash Flow		(6.4 b)	(8.1 b)	(8.4 b)