Hertz Global Holdings Inc (HTZ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
8501 WILLIAMS ROAD ESTERO, FL 33928 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 751 - Automotive Rental And Leasing, Without Drivers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 764 | 943 | 2,258 | 1,096 | 865 | ||||
| Cash and cash equivalents | 764 | 943 | 2,258 | 1,096 | 865 | ||||
| Asset, held-for-sale, not part of disposal group | 311 | ||||||||
| Total current assets: | 764 | 943 | 2,258 | 1,096 | 865 | 311 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,253 | 1,887 | 1,566 | 1,675 | 1,871 | ✕ | |||
| Property, plant and equipment | 671 | 637 | 608 | 666 | 757 | 778 | |||
| Intangible assets, net (including goodwill) | 3,907 | 3,931 | 3,957 | 4,037 | 4,321 | 4,286 | |||
| Goodwill | 1,044 | 1,044 | 1,045 | 1,045 | 1,083 | 1,083 | |||
| Intangible assets, net (excluding goodwill) | 2,863 | 2,887 | 2,912 | 2,992 | 3,238 | 3,203 | |||
| Total noncurrent assets: | 6,831 | 6,455 | 6,131 | 6,378 | 6,949 | 5,064 | |||
| Other undisclosed assets | 17,010 | 15,099 | 11,394 | 9,434 | 16,813 | 16,007 | |||
| TOTAL ASSETS: | 24,605 | 22,497 | 19,783 | 16,908 | 24,627 | 21,382 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 15,691 | 13,863 | 10,907 | ||||||
| Other undisclosed long-term debt and lease obligation | 15,691 | 13,863 | 10,907 | ||||||
| Liabilities, other than long-term debt | 1,038 | 1,360 | 1,010 | 730 | 1,124 | ||||
| Deferred income tax liabilities | 1,038 | 1,360 | 1,010 | 730 | 1,124 | ✕ | |||
| Total noncurrent liabilities: | 16,729 | 15,223 | 11,917 | 730 | 1,124 | ||||
| Other undisclosed liabilities | 4,784 | 4,629 | 4,889 | 16,085 | 21,615 | 20,262 | |||
| Total liabilities: | 21,513 | 19,852 | 16,806 | 16,815 | 22,739 | 20,262 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,092 | 2,645 | 2,977 | (100) | 1,769 | 1,061 | |||
| Common stock | 5 | 5 | 5 | 1 | 1 | ||||
| Treasury stock, value | (3,430) | (3,136) | (708) | (100) | (100) | (100) | |||
| Additional paid in capital | 6,405 | 6,326 | 6,209 | 3,024 | 2,261 | ||||
| Accumulated other comprehensive loss | (248) | (294) | (214) | (189) | (192) | ||||
| Retained earnings (accumulated deficit) | 360 | (256) | (2,315) | (967) | (909) | ||||
| Equity, attributable to noncontrolling interest | 37 | 119 | 59 | ||||||
| Other undisclosed equity | 156 | ||||||||
| Total equity: | 3,092 | 2,645 | 2,977 | 93 | 1,888 | 1,120 | |||
| TOTAL LIABILITIES AND EQUITY: | 24,605 | 22,497 | 19,783 | 16,908 | 24,627 | 21,382 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,371 | 8,685 | 7,336 | 5,258 | 9,779 | 9,504 | ||
| Operating lease, lease income | 9,134 | 8,455 | 7,165 | 4,989 | 9,417 | ✕ | ||
| Cost of revenue | (8,119) | (5,509) | (3,920) | (3,627) | (5,486) | (5,355) | ||
| Cost of goods and services sold | (7,494) | (5,509) | (3,920) | (3,627) | (5,486) | (5,355) | ||
| Gross profit: | 1,252 | 3,176 | 3,416 | 1,631 | 4,293 | 4,149 | ||
| Operating expenses | (966) | (1,101) | (288) | (1,305) | (1,267) | (1,017) | ||
| Operating income (loss): | 286 | 2,075 | 3,128 | 326 | 3,026 | 3,132 | ||
| Nonoperating income (expense) | (12) | (2) | 21 | 9 | 59 | (102) | ||
| Loss on sale of leased assets, net, operating leases | (142) | |||||||
| Other nonoperating income (expense) | (12) | (2) | 21 | 9 | 59 | 40 | ||
| Interest and debt expense | (8) | (75) | (95) | (291) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,312) | (2,977) | (2,996) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 274 | 2,073 | 3,141 | (2,052) | 13 | (257) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 12 | 376 | (2,458) | |||||
| Income (loss) from continuing operations before income taxes: | 286 | 2,449 | 683 | (2,052) | 13 | (257) | ||
| Income tax expense (benefit) | 330 | (390) | (318) | 329 | (63) | 30 | ||
| Income (loss) from continuing operations: | 616 | 2,059 | 365 | (1,723) | (50) | (227) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 365 | (1,723) | (50) | (227) | |
| Other undisclosed net loss | ||||||||
| Net income (loss): | 616 | 2,059 | 365 | (1,723) | (50) | (227) | ||
| Net income attributable to noncontrolling interest | 1 | 9 | 2 | |||||
| Other undisclosed net loss attributable to parent | (8) | |||||||
| Net income (loss) attributable to parent: | 616 | 2,059 | 366 | (1,714) | (58) | (225) | ||
| Other undisclosed net loss available to common stockholders, basic | (450) | |||||||
| Net income (loss) available to common stockholders, basic: | 616 | 2,059 | (84) | (1,714) | (58) | (225) | ||
| Dilutive securities, effect on basic earnings per share | (163) | (704) | ||||||
| Other undisclosed net loss available to common stockholders, diluted | (1) | |||||||
| Net income (loss) available to common stockholders, diluted: | 452 | 1,355 | (84) | (1,714) | (58) | (225) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 616 | 2,059 | 365 | (1,723) | (50) | (227) | ||
| Other comprehensive income (loss) | 46 | (80) | (2) | (23) | 3 | (63) | ||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | 662 | 1,979 | 363 | (1,746) | (47) | (290) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | 9 | (8) | 2 | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 662 | 1,979 | 364 | (1,737) | (55) | (288) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.