Avis Budget Group (CAR) Financials

$3.4 B

Mkt cap, 25-May-2018

$2 B

Revenue Q1, 2018
Net income (Q1, 2018)-87 M
Cash, 31-Mar-2018544 M
EV6.5 B

Revenue/Financials

Income Statement

Annual

USDFY, 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

228 m209 m194 m203 m

Pre tax profit

97 m392 m382 m279 m

Income tax expense

81 m147 m69 m116 m

Net Income

16 m245 m313 m163 m

Quarterly

USDQ1, 2018

Revenue

2 b

General and administrative expense

296 m

Operating expense total

2.1 b

Interest expense

46 m

Pre tax profit

(129 m)

Income tax expense

(42 m)

Net Income

(87 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

Short-term debt

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

Quarterly

USDQ1, 2018

Cash

544 m

Current Assets

2.1 b

PP&E

716 m

Goodwill

1.1 b

Total Assets

19.2 b

Accounts Payable

1.8 b

Current Liabilities

1.8 b

Long-term debt

3.6 b

Total Debt

3.6 b

Additional Paid-in Capital

6.8 b

Retained Earnings

(1.3 b)

Total Equity

455 m

Financial Leverage

42.2 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

Quarterly

USDQ1, 2018

Net Income

(87 m)

Accounts Receivable

16 m

Accounts Payable

109 m

Cash From Operating Activities

503 m

Cash From Investing Activities

(1.7 b)

Cash From Financing Activities

1 b

Ratios

USDY, 2018

EV/CFO

12.8 x

Financial Leverage

42.2 x
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Operating Metrics

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

Car Rental Locations

10 k11 k11 k11 k11 k11 k

Countries

175 180 180

Locations

2.55 k2.70 k2.75 k

Transactions

35 m38 m33 m39 m34 m34 m

Vehicle Fleet

545 k580 k56 k600 k580 k580 k
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