Avis Budget Group, Inc. (CAR) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments534692686615611490452
Cash and cash equivalents534692686615611490452
Receivables775647911955922808668
Other current assets538456548604533519507
Total current assets:1,8471,7952,1452,1742,0661,8171,627
Noncurrent Assets
Operating lease, right-of-use asset2,3682,5602,596
Property, plant and equipment537657792736704685681
Long-term investments and receivables72635648323636
Long-term investments72635648323636
Intangible assets, net (including goodwill)1,8321,9111,8991,9171,9231,8771,890
Goodwill1,1081,1371,1011,0921,0731,007973
Intangible assets, net (excluding goodwill)724774798825850870917
Deferred income tax assets1,6151,198 
Other noncurrent assets382244217242196193232
Defined benefit plan, assets for plan benefits 30
Other undisclosed noncurrent assets13,9479,11015,42114,03212,77813,03513,138
Total noncurrent assets:20,75315,74320,98116,97515,63315,82616,007
TOTAL ASSETS:22,60017,53823,12619,14917,69917,64317,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,3892,0342,2061,6931,6191,4881,485
Accounts payable407394378371359343352
Accrued liabilities   91220141131
Employee-related liabilities193117195200176173199
Taxes payable313      
Other undisclosed accounts payable and accrued liabilities1,4761,5231,6331,031864831803
Debt19      
Other undisclosed current liabilities 1919232627926
Total current liabilities:2,4082,0532,2251,7161,6451,7671,511
Noncurrent Liabilities
Long-term debt and lease obligation5,9006,2695,5563,5283,5733,2443,435
Long-term debt, excluding current maturities3,9904,1913,4163,5283,5733,2443,435
Operating lease, liability1,9102,0782,140
Liabilities, other than long-term debt7799389451,0391,0471,1061,051
Deferred tax liabilities, net85144146159
Liability, pension and other postretirement and postemployment benefits154207188187186196158
Other liabilities625731757767717764734
Other undisclosed noncurrent liabilities13,7228,43313,74412,45210,86111,30511,198
Total noncurrent liabilities:20,40115,64020,24517,01915,48115,65515,684
Total liabilities:22,80917,69322,47018,73517,12617,42217,195
Stockholders' equity
Stockholders' equity attributable to parent(220)(155)656414573221439
Common stock1111111
Treasury stock, value(6,579)(5,167)(5,144)(5,134)(5,002)(4,905)(4,623)
Additional paid in capital6,6766,6686,7416,7716,8206,9187,010
Accumulated other comprehensive loss(133)(187)(157)(133)(24)(154)(147)
Accumulated deficit(185)(1,470)(785)(1,091)(1,222)(1,639)(1,802)
Stockholders' equity attributable to noncontrolling interest11      
Total stockholders' equity:(209)(155)656414573221439
TOTAL LIABILITIES AND EQUITY:22,60017,53823,12619,14917,69917,64317,634

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,3135,4029,1729,1248,8488,6598,502
Revenue, net8,8488,6598,502
Operating lease, lease income9,1865,2439,028
Cost of revenue(2,205)(2,333)(2,950)(2,998)(3,045)(2,864)(2,743)
Cost of goods and services sold(1,197)(1,368)(2,063)(2,179)(2,221)(2,047)(1,933)
Gross profit:7,1083,0696,2226,1265,8035,7955,759
Operating expenses(5,400)(4,025)(5,935)(5,859)(5,592)(5,516)(5,377)
Operating income (loss):1,708(956)287267211279382
Interest and debt expense(354)(240)(178)(188)(188)(203)(194)
Other undisclosed income from continuing operations before equity method investments, income taxes 240178188188203194
Income (loss) from continuing operations before equity method investments, income taxes:1,354(956)287267211279382
Other undisclosed income from continuing operations before income taxes354      
Income (loss) from continuing operations before income taxes:1,708(956)287267211279382
Income tax expense (benefit)(425)27215(102)150(116)(69)
Net income (loss):1,283(684)302165361163313
Net income (loss) attributable to noncontrolling interest2   (1)  
Net income (loss) available to common stockholders, diluted:1,285(684)302165360163313

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,283(684)302165361163313
Other comprehensive income (loss)54(30)(25)(103)130(7)(125)
Comprehensive income (loss):1,337(714)27762491156188
Comprehensive income, net of tax, attributable to noncontrolling interest2      
Comprehensive income (loss), net of tax, attributable to parent:1,339(714)27762491156188

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: