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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities    
Net income (loss) $ (70) $ (69)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of revenue earning equipment, net 689 707
Depreciation and amortization, non-fleet 86 90
Amortization and write-off of deferred financing costs 15 12
Amortization and write-off of debt discount 1 (1)
Stock-based compensation charges 4 8
Provision for losses on doubtful accounts 6 16
Deferred taxes on income (16) (5)
Impairment charges and asset write downs 20 0
Other (4) 2
Changes in assets and liabilities    
Receivables (13) (85)
Inventories, prepaid expenses and other assets (65) (25)
Accounts payable 18 2
Accrued liabilities 91 76
Accrued taxes 20 16
Public liability and property damage 0 16
Net cash provided by (used in) operating activities 782 760
Cash flows from investing activities    
Net change in restricted cash and cash equivalents 154 407
Revenue earning equipment expenditures (3,438) (2,582)
Proceeds from disposal of revenue earning equipment 2,289 1,859
Capital asset expenditures, non-fleet (97) (75)
Proceeds from disposal of property and equipment 22 25
Acquisitions, net of cash acquired (96) (6)
Net cash provided by (used in) investing activities (1,166) (372)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0 400
Repayments of long-term debt (1,027) (92)
Short-term borrowings:    
Proceeds 175 169
Payments (142) (259)
Proceeds under the revolving lines of credit 3,326 1,081
Payments under the revolving lines of credit (1,828) (1,582)
Payment of financing costs (1) (7)
Other (4) (11)
Net cash provided by (used in) financing activities 499 (301)
Effect of foreign exchange rate changes on cash and cash equivalents (20) 0
Net increase (decrease) in cash and cash equivalents during the period 95 87
Cash and cash equivalents at beginning of period 490 411
Cash and cash equivalents at end of period 585 498
Cash paid during the period for:    
Interest (net of amounts capitalized) 98 90
Income taxes, net of refunds 4 14
Supplemental disclosures of non-cash flow information:    
Purchases of revenue earning equipment included in accounts payable and accrued liabilities 633 555
Sales of revenue earning equipment included in receivables 293 223
Purchases of property and equipment included in accounts payable 71 59
Sales of property and equipment included in receivables $ 24 $ 25