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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments692686615611490452624
Cash and cash equivalents692686615611490452624
Receivables647911955922808668599
Prepaid expense      192
Deferred tax assets    159
Other current assets456548604533519507456
Other undisclosed current assets      (192)
Total current assets:1,7952,1452,1742,0661,8171,6271,838
Noncurrent Assets
Operating lease, right-of-use asset2,5602,596
Property, plant and equipment657792736704685681638
Long-term investments and receivables63564832363646
Long-term investments63564832363646
Intangible assets, net (including goodwill)1,9111,8991,9171,9231,8771,8901,728
Goodwill1,1371,1011,0921,0731,007973842
Intangible assets, net (excluding goodwill)774798825850870917886
Deferred income tax assets1,198 
Other noncurrent assets244217242196193232355
Defined benefit plan, assets for plan benefits 3015
Other undisclosed noncurrent assets9,11015,42114,03212,77813,03513,13812,349
Total noncurrent assets:15,74320,98116,97515,63315,82616,00715,131
TOTAL ASSETS:17,53823,12619,14917,69917,64317,63416,969
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0342,2061,6931,6191,4881,4851,491
Accounts payable394378371359343352328
Accrued liabilities  91220141131121
Employee-related liabilities117195200176173199229
Other undisclosed accounts payable and accrued liabilities1,5231,6331,031864831803813
Debt      37
Deferred revenue and credits   89
Deferred tax liabilities    21
Other liabilities      530
Other undisclosed current liabilities1919232627926(649)
Total current liabilities:2,0532,2251,7161,6451,7671,5111,519
Noncurrent Liabilities
Long-term debt and lease obligation6,2695,5563,5283,5733,2443,4353,392
Long-term debt, excluding current maturities4,1913,4163,5283,5733,2443,4353,392
Operating lease, liability2,0782,140
Liabilities, other than long-term debt9389451,0391,0471,1061,0511,043
Deferred tax liabilities, net85144146159100
Liability, pension and other postretirement and postemployment benefits207188187186196158177
Other liabilities731757767717764734766
Other undisclosed noncurrent liabilities8,43313,74412,45210,86111,30511,19810,350
Total noncurrent liabilities:15,64020,24517,01915,48115,65515,68414,785
Total liabilities:17,69322,47018,73517,12617,42217,19516,304
Stockholders' equity
Stockholders' equity attributable to parent(155)656414573221439665
Common stock1111111
Treasury stock, value(5,167)(5,144)(5,134)(5,002)(4,905)(4,623)(4,411)
Additional paid in capital6,6686,7416,7716,8206,9187,0107,212
Accumulated other comprehensive loss(187)(157)(133)(24)(154)(147)(22)
Accumulated deficit(1,470)(785)(1,091)(1,222)(1,639)(1,802)(2,115)
Total stockholders' equity:(155)656414573221439665
TOTAL LIABILITIES AND EQUITY:17,53823,12619,14917,69917,64317,63416,969

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,4029,1729,1248,8488,6598,5028,485
Revenue, net8,8488,6598,5028,485
Operating lease, lease income5,2439,028
Cost of revenue(2,333)(2,950)(2,998)(3,045)(2,864)(2,743)(2,762)
Cost of goods and services sold(1,368)(2,063)(2,179)(2,221)(2,047)(1,933)(1,996)
Gross profit:3,0696,2226,1265,8035,7955,7595,723
Operating expenses(4,025)(5,935)(5,859)(5,592)(5,516)(5,377)(5,331)
Operating income (loss):(956)287267211279382392
Interest and debt expense(240)(178)(188)(188)(203)(194)(265)
Other undisclosed income from continuing operations before equity method investments, income taxes240178188188203194265
Income (loss) from continuing operations before income taxes:(956)287267211279382392
Income tax expense (benefit)27215(102)150(116)(69)(147)
Net income (loss):(684)302165361163313245
Net loss attributable to noncontrolling interest   (1)   
Net income (loss) available to common stockholders, basic:(684)302165360163313245
Interest on convertible debt      1
Net income (loss) available to common stockholders, diluted:(684)302165360163313246

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(684)302165361163313245
Other comprehensive income (loss)(30)(25)(103)130(7)(125)(139)
Comprehensive income (loss), net of tax, attributable to parent:(714)27762491156188106

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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