Hertz Global Holdings, Inc (HTZ) financial statements (2022 and earlier)

Company profile

Business Address 8501 WILLIAMS ROAD
ESTERO, FL 33928
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2581,096865 1,072816
Cash and cash equivalents2,2581,096865 1,072816
Assets held-for-sale, not part of disposal group   311250209
Total current assets:2,2581,0968653111,3221,025
Noncurrent Assets
Operating lease, right-of-use asset1,5661,6751,871
Property, plant and equipment608666757778840858
Intangible assets, net (including goodwill)3,9574,0374,3214,2864,3264,413
Goodwill1,0451,0451,0831,0831,0841,081
Intangible assets, net (excluding goodwill)2,9122,9923,2383,2033,2423,332
Total noncurrent assets:6,1316,3786,9495,0645,1665,271
Other undisclosed assets11,3949,43416,81316,00713,57012,859
TOTAL ASSETS:19,78316,90824,62721,38220,05819,155
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Restructuring reserve     63
Total current liabilities:     63
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,907     
Other undisclosed long-term debt and lease obligation10,907     
Liabilities, other than long-term debt1,0107301,124   
Deferred income tax liabilities1,0107301,124
Total noncurrent liabilities:11,9177301,124   
Other undisclosed liabilities4,88916,08521,61520,26218,53818,017
Total liabilities:16,80616,81522,73920,26218,53818,080
Stockholders' equity
Stockholders' equity attributable to parent2,977(100)1,7691,0611,5201,075
Common stock5 1111
Treasury stock, value(708)(100)(100)(100)(100)(100)
Additional paid in capital6,209 3,0242,2612,2432,227
Accumulated other comprehensive loss(214) (189)(192)(118)(171)
Accumulated deficit(2,315) (967)(909)(506)(882)
Stockholders' equity attributable to noncontrolling interest 3711959  
Other undisclosed stockholders' equity 156    
Total stockholders' equity:2,977931,8881,1201,5201,075
TOTAL LIABILITIES AND EQUITY:19,78316,90824,62721,38220,05819,155

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,3365,2589,7799,5048,8038,803
Operating lease, lease income7,1654,9899,417
Cost of revenue
(Cost of Goods and Services Sold)
(3,920)(3,627)(5,486)(5,355)(7,444)(7,291)
Gross profit:3,4161,6314,2934,1491,3591,512
Operating expenses(288)(1,305)(1,267)(1,017)(1,374)(1,715)
Operating income (loss):3,1283263,0263,132(15)(203)
Nonoperating income (expense)21959(102)(251)(97)
Loss on sale of leased assets, net, operating leases   (142)(236)(172)
Other nonoperating income (expense)2195940(19)75
Interest and debt expense(8)(75)(95)(291)(319)(444)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (2,312)(2,977)(2,996)10274
Income (loss) from continuing operations before equity method investments, income taxes:3,141(2,052)13(257)(575)(470)
Other undisclosed loss from continuing operations before income taxes(2,458)     
Income (loss) from continuing operations before income taxes:683(2,052)13(257)(575)(470)
Income tax expense (benefit)(318)329(63)30902(4)
Income (loss) from continuing operations:365(1,723)(50)(227)327(474)
Loss from discontinued operations     (17)
Net income (loss):365(1,723)(50)(227)327(491)
Net income attributable to noncontrolling interest19 2  
Other undisclosed net loss attributable to parent  (8)   
Net income (loss) attributable to parent:366(1,714)(58)(225)327(491)
Other undisclosed net loss available to common stockholders, basic(450)     
Net income (loss) available to common stockholders, diluted:(84)(1,714)(58)(225)327(491)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):365(1,723)(50)(227)327(491)
Other comprehensive income (loss)(2)(23)3(63)53(29)
Comprehensive income (loss):363(1,746)(47)(290)380(520)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest19(8)2  
Comprehensive income (loss), net of tax, attributable to parent:364(1,737)(55)(288)380(520)

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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