Avis Budget Group Financials

$8.7 B

Revenue FY, 2016

$3.3 B

Mkt cap, 16-Feb-2018
Revenue growth (FY, 2015 - FY, 2016), %2%
Gross profit (FY, 2016)4.3 B
Gross profit margin (FY, 2016), %49%
Net income (FY, 2016)163 M
Cash, 31-Dec-2016490 M
EV6.1 B

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.9 b8.5 b8.5 b8.7 b

Revenue growth, %

7%0%2%

Cost of goods sold

4.1 b4.3 b4.3 b4.4 b

Gross profit

3.9 b4.2 b4.2 b4.3 b

Gross profit Margin, %

49%50%50%49%

Interest expense

170 m219 m268 m228 m209 m194 m203 m

Pre tax profit

97 m392 m382 m279 m

Income tax expense

18 m81 m147 m69 m116 m

Net Income

16 m245 m313 m163 m

Balance Sheet

Annual

USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

482 m911 m534 m606 m693 m624 m452 m490 m

Current Assets

1.9 b1.8 b1.6 b1.8 b

PP&E

614 m638 m681 m685 m

Goodwill

691 m842 m973 m1 b

Total Assets

16.3 b17 b17.6 b17.6 b

Accounts Payable

1.5 b1.5 b1.5 b1.5 b

Current Liabilities

1.6 b1.5 b1.5 b1.8 b

Long-term debt

3.3 b3.4 b3.4 b3.2 b

Total Debt

3.3 b3.4 b3.4 b3.2 b

Additional Paid-in Capital

7.9 b7.2 b7 b6.9 b

Retained Earnings

(2.4 b)(2.1 b)(1.8 b)(1.6 b)

Total Equity

439 m221 m

Debt to Equity Ratio

7.8 x14.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

40.2 x79.8 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16 m245 m313 m163 m

Accounts Payable

(28 m)(3 m)(79 m)(9 m)

Cash From Operating Activities

2.3 b2.6 b2.6 b2.6 b

Cash From Investing Activities

(2.2 b)(2.8 b)(2.8 b)(2.1 b)

Short-term Borrowings

(36 m)5 m(22 m)4 m

Cash From Financing Activities

76 m182 m115 m(438 m)

Income Taxes Paid

(14 m)37 m(18 m)5 m

Ratios

USDY, 2016

EV/CFO

2.3 x

Revenue/Employee

288.6 k

Debt/Equity

14.7 x

Debt/Assets

0.2 x

Financial Leverage

79.8 x

Operating Metrics

FY, 2014FY, 2015Nov, 2016FY, 2016May, 2017Aug, 2017

Locations

2.55 k2.7 k2.75 k

Countries

175180180

Vehicle Fleet

545 k580 k56 k600 k580 k580 k

Transactions

35 m38 m33 m39 m34 m34 m

Car Rental Locations

10 k11 k11 k11 k11 k11 k