AVIS BUDGET GROUP, INC. CAR
Except as expressly indicated or unless the context otherwise requires, the "Company," "Avis Budget," "we," "our" or "us" means Avis Budget Group, Inc. and its subsidiaries. Unless the context requires otherwise, these references and references to our brands do not include the operations of our licensees, as further discussed below.
We are a leading global provider of mobility solutions through our three most recognized brands, Avis, Budget and Zipcar, as well as several other brands, well recognized in their respective markets. Our brands offer a range of options, from car and truck rental to car sharing. We license the use of the Avis, Budget, Zipcar and other brands' trademarks to licensees in areas in which we do not operate directly. We and our licensees operate our brands in approximately 180 countries throughout the world. We generally maintain a leading share of airport car rental revenues in North America, Europe and Australasia, and we operate a leading car sharing network and one of the leading commercial truck rental businesses in the United States. We believe the range of options from our diversified brands enjoy complementary demand patterns with mid-week commercial demand balanced by weekend leisure demand.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.65B | $11.79B | $12.01B | $11.99B | $9.31B | $5.40B | $9.17B | $9.12B | $8.85B | $8.66B |
| SG&A | $1.45B | $1.35B | $1.41B | $1.35B | $1.15B | $703.0M | $1.24B | $1.22B | $1.12B | $1.13B |
| Total operating expenses | $12.58B | $14.42B | $10.09B | $8.36B | $7.61B | $6.36B | $8.88B | $8.86B | $8.64B | $8.38B |
| Interest expense | — | $358.0M | $296.0M | $250.0M | $218.0M | $231.0M | $178.0M | $188.0M | $188.0M | $203.0M |
| Pre-tax income | -$929.0M | -$2.63B | $1.91B | $3.64B | $1.71B | -$956.0M | $287.0M | $267.0M | $211.0M | $279.0M |
| Income tax | $66.0M | $810.0M | $279.0M | $880.0M | $425.0M | $272.0M | $15.0M | $102.0M | $150.0M | $116.0M |
| Net income | -$889.0M | -$1.82B | $1.63B | $2.76B | $1.28B | -$684.0M | $302.0M | $165.0M | $361.0M | $163.0M |
| EPS, basic | -25.25 | -51.23 | 42.57 | 58.41 | 19.79 | -9.71 | 4.01 | 2.08 | 4.32 | 1.78 |
| EPS, diluted | -25.25 | -51.23 | 42.08 | 57.16 | 19.44 | -9.71 | 3.98 | 2.06 | 4.25 | 1.75 |
| Shares, diluted (wtd. avg.) | $35.2M | $35.5M | $38.8M | $48.4M | $66.1M | $70.5M | $75.7M | $80.1M | $84.8M | $93.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $519.0M | $534.0M | $644.0M | $642.0M | $626.0M | $765.0M | $900.0M | $735.0M | $901.0M | $720.0M |
| Receivables | $878.0M | $838.0M | $900.0M | $810.0M | $775.0M | $647.0M | $911.0M | $955.0M | $922.0M | $808.0M |
| Total current assets | $2.09B | $2.03B | $2.14B | $1.89B | $1.85B | $1.79B | $2.15B | $2.17B | $2.07B | $1.82B |
| Property, plant and equipment | $748.0M | $697.0M | $719.0M | $594.0M | $537.0M | $657.0M | $792.0M | $736.0M | $704.0M | $685.0M |
| Goodwill | $1.13B | $1.07B | $1.10B | $1.07B | $1.11B | $1.14B | $1.10B | $1.09B | $1.07B | $1.01B |
| Other intangibles | $589.0M | $601.0M | $670.0M | $666.0M | $724.0M | $774.0M | $798.0M | $825.0M | $850.0M | $870.0M |
| Total assets | $31.26B | $29.04B | $32.57B | $25.93B | $22.60B | $17.54B | $23.13B | $19.15B | $17.70B | $17.64B |
| Accounts payable | $453.0M | $450.0M | $487.0M | $466.0M | $407.0M | $394.0M | $378.0M | $371.0M | $359.0M | $343.0M |
| Short-term debt | $24.0M | $20.0M | $32.0M | $27.0M | $19.0M | $19.0M | $19.0M | $23.0M | $26.0M | $279.0M |
| Total current liabilities | $2.89B | $2.72B | $2.66B | $2.57B | $2.41B | $2.05B | $2.23B | $1.72B | $1.65B | $1.77B |
| Long-term debt | $6.05B | $5.37B | $4.79B | $4.64B | $3.99B | $4.19B | $3.42B | $3.53B | $3.57B | $3.24B |
| Retained earnings | $1.14B | $2.03B | $3.85B | $2.58B | -$185.0M | -$1.47B | -$785.0M | -$1.09B | -$1.22B | -$1.64B |
| Total equity | -$3.13B | -$2.33B | -$343.0M | -$700.0M | -$209.0M | -$155.0M | $656.0M | $414.0M | $573.0M | $221.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.30B | $3.52B | $3.83B | $4.71B | $3.49B | $691.0M | $2.59B | $2.61B | $2.65B | $2.64B |
| Stock-based compensation | $19.0M | $19.0M | $30.0M | $25.0M | $30.0M | $9.0M | $22.0M | $24.0M | $13.0M | $27.0M |
| Investing cash flow | -$5.16B | -$2.75B | -$7.35B | -$4.30B | -$6.31B | $3.18B | -$2.75B | -$3.43B | -$2.20B | -$2.18B |
| Financing cash flow | $1.86B | -$781.0M | $3.51B | -$360.0M | $2.69B | -$4.04B | $318.0M | $667.0M | -$308.0M | -$449.0M |
| Dividends paid | $0 | $0 | $355.0M | $0 | $0 | — | — | — | — | — |
| Buybacks | $7.0M | $70.0M | $951.0M | $3.33B | $1.46B | $119.0M | $67.0M | $216.0M | $210.0M | $398.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000723612-26-000012.
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