Avis Budget Group, Inc. (CAR) financial statements (2021 and earlier)

Company profile

Business Address 6 SYLVAN WAY
PARSIPPANY, NJ 07054
State of Incorp. DE
Fiscal Year End December 31
SIC 751 - Automotive Rental And Leasing, Without Drivers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments686615611490452624693
Cash and cash equivalents686615611490452624693
Receivables911955922808668599619
Prepaid expense     192187
Deferred tax assets✕    159177
Other current assets548604533519507456455
Other undisclosed current assets     (192)(187)
Total current assets:2,1452,1742,0661,8171,6271,8381,944
Noncurrent Assets
Operating lease, right-of-use asset2,596✕✕✕✕✕✕
Property, plant and equipment792736704685681638614
Long-term investments and receivables564832363646112
Long-term investments564832363646112
Intangible assets, net (including goodwill)1,8991,9171,9231,8771,8901,7281,614
Goodwill1,1011,0921,0731,007973842691
Intangible assets, net (excluding goodwill)798825850870917886923
Deferred costs      134
Other noncurrent assets217242196193232355361
Defined benefit plan, assets for plan benefits✕✕✕ 3015 
Other undisclosed noncurrent assets15,42114,03212,77813,03513,13812,34911,505
Total noncurrent assets:20,98116,97515,63315,82616,00715,13114,340
TOTAL ASSETS:23,12619,14917,69917,64317,63416,96916,284
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2061,6931,6191,4881,4851,4911,479
Accounts payable378371359343352328344
Accrued liabilities 91220141131121 
Employee-related liabilities195200176173199229210
Taxes payable      13
Other undisclosed accounts payable and accrued liabilities1,6331,031864831803813912
Debt     3793
Deferred revenue and credits✕✕   8987
Deferred tax liabilities✕    2127
Other liabilities     530281
Other undisclosed current liabilities19232627926(649)(399)
Total current liabilities:2,2251,7161,6451,7671,5111,5191,568
Noncurrent Liabilities
Long-term debt and lease obligation5,5563,5283,5733,2443,4353,3923,305
Long-term debt, excluding current maturities3,4163,5283,5733,2443,4353,3923,305
Operating lease, liability2,140✕✕✕✕✕✕
Liabilities, other than long-term debt9451,0391,0471,1061,0511,043949
Deferred tax liabilities, net✕85144146159100102
Liability, pension and other postretirement and postemployment benefits188187186196158177✕
Other liabilities757767717764734766847
Other undisclosed noncurrent liabilities13,74412,45210,86111,30511,19810,3509,691
Total noncurrent liabilities:20,24517,01915,48115,65515,68414,78513,945
Total liabilities:22,47018,73517,12617,42217,19516,30415,513
Stockholders' equity
Stockholders' equity attributable to parent656414573221439665771
Common stock1111111
Treasury stock, value(5,144)(5,134)(5,002)(4,905)(4,623)(4,411)(4,880)
Additional paid in capital6,7416,7716,8206,9187,0107,2127,893
Accumulated other comprehensive income (loss)(157)(133)(24)(154)(147)(22)117
Accumulated deficit(785)(1,091)(1,222)(1,639)(1,802)(2,115)(2,360)
Total stockholders' equity:656414573221439665771
TOTAL LIABILITIES AND EQUITY:23,12619,14917,69917,64317,63416,96916,284

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,1729,1248,8488,6598,5028,4857,937
Revenue, net✕✕8,8488,6598,5028,4857,937
Operating lease, lease income9,028✕✕✕✕✕✕
Cost of revenue(2,950)(2,998)(3,045)(2,864)(2,743)(2,762)(2,747)
Cost of goods and services sold(2,063)(2,179)(2,221)(2,047)(1,933)(1,996)(1,811)
Gross profit:6,2226,1265,8035,7955,7595,7235,190
Operating expenses(5,935)(5,859)(5,592)(5,516)(5,377)(5,331)(5,093)
Operating income:28726721127938239297
Interest and debt expense(178)(188)(188)(203)(194)(265)(375)
Other undisclosed income from continuing operations before equity method investments, income taxes178188188203194265375
Income from continuing operations before income taxes:28726721127938239297
Income tax expense (benefit)15(102)150(116)(69)(147)(81)
Net income:30216536116331324516
Net loss attributable to noncontrolling interest  (1)    
Net income available to common stockholders, basic:30216536016331324516
Interest on convertible debt     1 
Net income available to common stockholders, diluted:30216536016331324616

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:30216536116331324516
Other comprehensive income (loss)(25)(103)130(7)(125)(139)7
Comprehensive income, net of tax, attributable to parent:2776249115618810623

Statements sources

The financial statements are based on the company's filings with the 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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