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added, Australian, began, brand, Christi, conversion, deducting, denied, discretionary, distribution, experience, fewer, InJose, Lincoln, LLC, manner, Mercury, minimum, nationwide, Navigation, partner, putative, refund, ruled, satisfactory, scaled, share, shareholder, Solution, strong, Taxation, unfunded, union, venture
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commenced, ii, mix, pretax, projected
Filing tables
Filing exhibits
- 10-Q Quarterly report
- 10 EX-10.A Ford/hertz Framework Supply Agreement
- 10 EX-10.B Amended and Restated Advertising Agreement
- 12 EX-12 Consolidated Computation of Ratio of Earnings
- 15 EX-15 Letter of Pricewaterhousecoopers LLP
- 31.1 EX-31.1 Certification
- 31.2 EX-31.2 Certification
- 32.1 EX-32.1 Certification
- 32.2 EX-32.2 Certification
HRZ similar filings
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EXHIBIT 12
THE HERTZ CORPORATION AND SUBSIDIARIES
CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands of Dollars Except Ratios)
Unaudited
Nine Months Ended | ||||||||
September 30, | ||||||||
2004 | 2003 | |||||||
Income before income taxes and minority interest | $ | 392,584 | $ | 190,371 | ||||
Interest expense | 300,829 | 280,377 | ||||||
Portion of rent estimated to represent the interest factor | 97,896 | 91,641 | ||||||
Earnings before income taxes, minority interest and fixed charges | $ | 791,309 | $ | 562,389 | ||||
Interest expense (including capitalized interest) | $ | 301,404 | $ | 280,802 | ||||
Portion of rent estimated to represent the interest factor | 97,896 | 91,641 | ||||||
Fixed charges | $ | 399,300 | $ | 372,443 | ||||
Ratio of earnings to fixed charges | 2.0 | 1.5 | ||||||