Herc (HRI) 10-K 2008 FY Annual report

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Exhibit 12

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

	Successor										Predecessor
								For the periods from
													Year ended December 31,
	Years ended December 31,							December 21, 2005 to December 31, 2005			January 1, 2005 to December 20, 2005
	2008			2007		2006							2004
Income (loss) before income taxes and minority interest	$	(1,382,807	)	$	386,820	$	200,651	$	(33,218	)	$	574,906	$	502,552
Interest expense		869,950			916,725		943,210		26,812			510,403		408,171
Portion of rent estimated to represent the interest factor		155,722			165,109		147,800		4,084			131,449		119,918
Earnings (loss) before income taxes, minority interest and fixed charges(b)	$	(357,135	)	$	1,468,654	$	1,291,661	$	(2,322	)	$	1,216,758	$	1,030,641
Interest expense (including capitalized interest)	$	872,795		$	921,634	$	949,405	$	26,939		$	513,275	$	409,046
Portion of rent estimated to represent the interest factor		155,722			165,109		147,800		4,084			131,449		119,918
Fixed charges	$	1,028,517		$	1,086,743	$	1,097,205	$	31,023		$	644,724	$	528,964
Ratio of earnings to fixed charges(b)		(a	)		1.4		1.2		(a	)		1.9		1.9

(a)

Earnings (loss) before income taxes, minority interest and fixed charges for the year ended December 31, 2008 and the Successor period ended December 31, 2005 were inadequate to cover fixed charges for the period by $1,385.7 million and $33.3 million, respectively.

(b)

We adopted the provisions of Financial Accounting Standards Board Interpretation No. 48, or "FIN 48," "Accounting for Uncertainty in Income Taxes—an Interpretation of FASB Statement No. 109" on January 1, 2007. Accrued interest expense, for the year ended December 31, 2008 and 2007, of approximately $0.6 million and $3.4 million, respectively, is excluded from both fixed charges and earnings.

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Exhibit 12

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