Attached files

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10-K - 10-K - HERC HOLDINGS INCa2196853z10-k.htm
EX-21.1 - EXHIBIT 21.1 - HERC HOLDINGS INCa2196853zex-21_1.htm
EX-23.1 - EXHIBIT 23.1 - HERC HOLDINGS INCa2196853zex-23_1.htm
EX-32.1 - EXHIBIT 32.1 - HERC HOLDINGS INCa2196853zex-32_1.htm
EX-31.1 - EXHIBIT 31.1 - HERC HOLDINGS INCa2196853zex-31_1.htm
EX-32.2 - EXHIBIT 32.2 - HERC HOLDINGS INCa2196853zex-32_2.htm
EX-31.2 - EXHIBIT 31.2 - HERC HOLDINGS INCa2196853zex-31_2.htm
EX-10.37.3 - EXHIBIT 10.37.3 - HERC HOLDINGS INCa2196853zex-10_373.htm

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Exhibit 12


HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES (UNAUDITED)
(In Millions of Dollars Except Ratios)

 
  Successor    
  Predecessor  
 
   
   
   
   
  For the Periods From  
 
  Years ended December 31,   December 21,
2005 to
December 31,
2005
   
  January 1,
2005 to
December 20,
2005
 
 
  2009   2008   2007   2006    
 

Income (loss) before income taxes and noncontrolling interest

  $ (171.0 ) $ (1,382.8 ) $ 386.8   $ 200.6   $ (33.2 )     $ 574.9  

Interest expense

    680.3     870.0     916.7     943.3     26.9         510.3  

Portion of rent estimated to represent the interest factor

    149.9     155.7     165.1     147.8     4.1         131.4  
                               

Earnings (loss) before income taxes, noncontrolling interest and fixed charges

  $ 659.2   $ (357.1 ) $ 1,468.6   $ 1,291.7   $ (2.2 )     $ 1,216.6  
                               

Interest expense (including capitalized interest)

  $ 681.5   $ 872.8   $ 921.6   $ 949.4   $ 26.9       $ 513.3  

Portion of rent estimated to represent the interest factor

    149.9     155.7     165.1     147.8     4.1         131.4  
                               

Fixed charges

  $ 831.4   $ 1,028.5   $ 1,086.7   $ 1,097.2   $ 31.0       $ 644.7  
                               

Ratio of earnings to fixed charges

    (a )   (a )   1.4     1.2     (a )       1.9  
                               

(a)
Earnings (loss) before income taxes, noncontrolling interest and fixed charges for the years ended December 31, 2009 and December 31, 2008 and the Successor period ended December 31, 2005 were inadequate to cover fixed charges for the period by $172.2 million, $1,385.6 million and $33.2 million, respectively.



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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED) (In Millions of Dollars Except Ratios)