Hertz Global Holdings, Inc (HTZ) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6827289431,0061,0411,521
Cash and cash equivalents6827289431,0061,0411,521
Total current assets:6827289431,0061,0411,521
Noncurrent Assets
Operating lease, right-of-use asset2,1692,0671,8871,6321,5621,566
Property, plant and equipment   637 605611
Intangible assets, net (including goodwill)3,9273,9263,9313,9263,9373,947
Goodwill1,0441,0441,0441,0431,0441,044
Intangible assets, net (excluding goodwill)2,8832,8822,8872,8832,8932,903
Total noncurrent assets:6,0965,9936,4555,5586,1046,124
Other undisclosed assets19,31717,02815,09915,13014,92113,296
TOTAL ASSETS:26,09523,74922,49721,69422,06620,941
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:   13,863   
Other undisclosed long-term debt and lease obligation   13,863   
Liabilities, other than long-term debt1,1931,2231,3601,3061,2581,113
Deferred income tax liabilities1,1931,2231,3601,3061,2581,113
Total noncurrent liabilities:1,1931,22315,2231,3061,2581,113
Other undisclosed liabilities22,06319,7524,62917,62718,07917,126
Total liabilities:23,25620,97519,85218,93319,33718,239
Equity
Equity, attributable to parent2,8392,7742,6452,7612,7292,702
Common stock555555
Treasury stock, value(3,338)(3,237)(3,136)(2,821)(2,321)(1,430)
Additional paid in capital6,3696,3466,3266,3086,2746,237
Accumulated other comprehensive loss(276)(280)(294)(359)(280)(221)
Retained earnings (accumulated deficit)79(60)(256)(372)(949)(1,889)
Total equity:2,8392,7742,6452,7612,7292,702
TOTAL LIABILITIES AND EQUITY:26,09523,74922,49721,69422,06620,941

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues2,4372,0472,0352,4962,3441,810
Operating lease, lease income2,3791,9911,9812,4262,2831,765
Cost of revenue(1,962)(2,201)(1,634)(1,576)(1,199)(1,053)
Cost of goods and services sold(1,676)(1,602)(1,634)(1,576)(1,199)(1,053)
Gross profit:475(154)4019201,145757
Operating expenses(317)216(258)(282)(257)(235)
Operating income:15862143638888522
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(9)(8)6(2)2
Income from continuing operations before equity method investments, income taxes:16053135644886524
Other undisclosed income (loss) from continuing operations before income taxes   (8)323332
Income from continuing operations before income taxes:160531276471,119556
Income tax expense (benefit)(19)134(11)(70)(179)(130)
Income from continuing operations:141187116577940426
Income before gain (loss) on sale of properties:577940426
Other undisclosed net income  9    
Net income:141196116577940426
Other undisclosed net income (loss) attributable to parent(2)     
Net income available to common stockholders, basic:139196116577940426
Dilutive securities, effect on basic earnings per share  (120)(73)(461)(50)
Other undisclosed net loss available to common stockholders, diluted   (1)  
Net income (loss) available to common stockholders, diluted:139196(4)503479376

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:141196116577940426
Other comprehensive income (loss)   65(79)(59)(7)
Comprehensive income:141196181498881419
Other undisclosed comprehensive income, net of tax, attributable to parent214    
Comprehensive income, net of tax, attributable to parent:143210181498881419

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.

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