$CAR
AVIS BUDGET GROUP, INC.

2013 Q2 Form 10-Q Financial Statement

#000072361213000042 Filed on August 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $2.002B $1.866B
YoY Change 7.29% 32.15%
Cost Of Revenue $1.013B $953.0M
YoY Change 6.3% 31.45%
Gross Profit $988.0M $913.0M
YoY Change 8.21% 32.9%
Gross Profit Margin 49.35% 48.93%
Selling, General & Admin $274.0M $233.0M
YoY Change 17.6% 37.87%
% of Gross Profit 27.73% 25.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $492.0M $393.0M
YoY Change 25.19% 3.69%
% of Gross Profit 49.8% 43.04%
Operating Expenses $274.0M $233.0M
YoY Change 17.6% 37.87%
Operating Profit $714.0M $680.0M
YoY Change 5.0% 31.27%
Interest Expense $55.00M $69.00M
YoY Change -20.29% 885.71%
% of Operating Profit 7.7% 10.15%
Other Income/Expense, Net
YoY Change
Pretax Income -$38.00M $129.0M
YoY Change -129.46% 44.94%
Income Tax -$10.00M $50.00M
% Of Pretax Income 38.76%
Net Earnings -$28.00M $79.00M
YoY Change -135.44% 51.92%
Net Earnings / Revenue -1.4% 4.23%
Basic Earnings Per Share -$0.26 $0.74
Diluted Earnings Per Share -$0.26 $0.66
COMMON SHARES
Basic Shares Outstanding 108.4M shares 106.7M shares
Diluted Shares Outstanding 108.4M shares 121.9M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $503.0M $454.0M
YoY Change 10.79% -29.61%
Cash & Equivalents $503.0M $454.0M
Short-Term Investments
Other Short-Term Assets $599.0M $557.0M
YoY Change 7.54% -34.0%
Inventory
Prepaid Expenses $199.0M
Receivables $691.0M $638.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.946B $1.766B
YoY Change 10.19% -7.35%
LONG-TERM ASSETS
Property, Plant & Equipment $560.0M $487.0M
YoY Change 14.99% -94.33%
Goodwill $652.0M $344.0M
YoY Change 89.53%
Intangibles $902.0M $707.0M
YoY Change 27.58%
Long-Term Investments $0.00 $361.0M
YoY Change -100.0% 14.24%
Other Assets $345.0M $292.0M
YoY Change 18.15% -70.51%
Total Long-Term Assets $16.55B $14.22B
YoY Change 16.41% 34.95%
TOTAL ASSETS
Total Short-Term Assets $1.946B $1.766B
Total Long-Term Assets $16.55B $14.22B
Total Assets $18.50B $15.98B
YoY Change 15.72% 28.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $376.0M $338.0M
YoY Change 11.24% 42.62%
Accrued Expenses $438.0M $470.0M
YoY Change -6.81% 124.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $221.0M $39.00M
YoY Change 466.67% 550.0%
Total Short-Term Liabilities $1.822B $1.595B
YoY Change 14.23% 57.61%
LONG-TERM LIABILITIES
Long-Term Debt $3.195B $2.972B
YoY Change 7.5% -66.15%
Other Long-Term Liabilities $875.0M $941.0M
YoY Change -7.01% 36.77%
Total Long-Term Liabilities $4.070B $3.913B
YoY Change 4.01% -58.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.822B $1.595B
Total Long-Term Liabilities $4.070B $3.913B
Total Liabilities $5.892B $5.508B
YoY Change 6.97% -53.75%
SHAREHOLDERS EQUITY
Retained Earnings -$2.450B -$2.610B
YoY Change -6.13%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.867B $5.230B
YoY Change -6.94%
Treasury Stock Shares 28.58M shares 30270B shares
Shareholders Equity $646.0M $478.0M
YoY Change
Total Liabilities & Shareholders Equity $18.50B $15.98B
YoY Change 15.72% 28.47%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$28.00M $79.00M
YoY Change -135.44% 51.92%
Depreciation, Depletion And Amortization $492.0M $393.0M
YoY Change 25.19% 3.69%
Cash From Operating Activities $574.0M $469.0M
YoY Change 22.39% 10.35%
INVESTING ACTIVITIES
Capital Expenditures -$3.754B -$3.914B
YoY Change -4.09% 33.58%
Acquisitions
YoY Change
Other Investing Activities $1.504B $1.916B
YoY Change -21.5% 74.02%
Cash From Investing Activities -$2.250B -$1.998B
YoY Change 12.61% 9.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.625B 1.379B
YoY Change 17.84% 22.04%
NET CHANGE
Cash From Operating Activities 574.0M 469.0M
Cash From Investing Activities -2.250B -1.998B
Cash From Financing Activities 1.625B 1.379B
Net Change In Cash -51.00M -150.0M
YoY Change -66.0% -45.26%
FREE CASH FLOW
Cash From Operating Activities $574.0M $469.0M
Capital Expenditures -$3.754B -$3.914B
Free Cash Flow $4.328B $4.383B
YoY Change -1.25% 30.64%

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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1000000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
4000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
11000000 USD
CY2012Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
953000000 USD
CY2013Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1007000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1937000000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1847000000 USD
CY2013Q2 us-gaap Other Assets Current
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599000000 USD
CY2012Q4 us-gaap Other Assets Current
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405000000 USD
CY2012Q4 us-gaap Other Assets Miscellaneous Current
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123000000 USD
CY2013Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
154000000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
320000000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
345000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-2000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-60000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-12000000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-49000000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-37000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-60000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3000000 USD
CY2012Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
434000000 USD
CY2013Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
473000000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
871000000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
875000000 USD
CY2012Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
63000000 USD
CY2013Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
71000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-50000000 USD
CY2013Q2 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
177000000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
26000000 USD
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
29000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
28000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
476000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
5000000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
199000000 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
174000000 USD
us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
38000000 USD
us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
40000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
250000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
2000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
7000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
13000000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-28000000 USD
us-gaap Profit Loss
ProfitLoss
56000000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
79000000 USD
us-gaap Profit Loss
ProfitLoss
-74000000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
529000000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
560000000 USD
CY2012Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
553000000 USD
CY2013Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
691000000 USD
CY2013Q2 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
RecordedUnconditionalPurchaseObligationDueWithinOneYear
2500000000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
53000000 USD
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
150
us-gaap Restructuring Charges
RestructuringCharges
25000000 USD
CY2012Q2 us-gaap Restructuring Charges
RestructuringCharges
12000000 USD
us-gaap Restructuring Charges
RestructuringCharges
19000000 USD
CY2013Q2 us-gaap Restructuring Charges
RestructuringCharges
15000000 USD
CY2012Q4 us-gaap Restructuring Reserve
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13000000 USD
CY2013Q2 us-gaap Restructuring Reserve
RestructuringReserve
10000000 USD
us-gaap Restructuring Reserve Settled With Cash
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-28000000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2450000000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2376000000 USD
CY2012Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1866000000 USD
CY2013Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2002000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3693000000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3489000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
498000000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
274000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
452000000 USD
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
233000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.43
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.49
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
2000000 USD
CY2013Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1181000 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y8M12D
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
646000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
757000000 USD
CY2013Q2 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
3000000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
30027146 shares
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
28579218 shares
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
4867000000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
5189000000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1900000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108400000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
124800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
108000000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108000000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
108400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106300000 shares
CY2013Q2 car Accrued Advertising And Marketing Cost Current
AccruedAdvertisingAndMarketingCostCurrent
88000000 USD
CY2012Q4 car Accrued Advertising And Marketing Cost Current
AccruedAdvertisingAndMarketingCostCurrent
82000000 USD
CY2012Q4 car Accrued Sales And Use Taxes Current
AccruedSalesAndUseTaxesCurrent
148000000 USD
CY2013Q2 car Accrued Sales And Use Taxes Current
AccruedSalesAndUseTaxesCurrent
171000000 USD
CY2012Q4 car Accumulated Depreciation
AccumulatedDepreciation
1345000000 USD
CY2013Q2 car Accumulated Depreciation
AccumulatedDepreciation
1381000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
247000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
366000000 USD
CY2013Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
164000000 USD
CY2012Q2 car Adjusted Earnings Before Income Depreciation And Amortization
AdjustedEarningsBeforeIncomeDepreciationAndAmortization
254000000 USD
CY2013Q2 car Assets Under Vehicle Programs
AssetsUnderVehiclePrograms
12762000000 USD
CY2012Q4 car Assets Under Vehicle Programs
AssetsUnderVehiclePrograms
10099000000 USD
CY2013Q2 car Cash Posted As Collateral For Derivatives In Liability Position
CashPostedAsCollateralForDerivativesInLiabilityPosition
5000000 USD
car Convertible Notes Purchase Price
ConvertibleNotesPurchasePrice
93000000 USD
CY2013Q2 car Customer Relationships
CustomerRelationships
78000000 USD
CY2013Q2 car Debt
Debt
2371000000 USD
CY2012Q4 car Debt
Debt
1603000000 USD
CY2012Q4 car Debt Due To Related Party
DebtDueToRelatedParty
5203000000 USD
CY2013Q2 car Debt Due To Related Party
DebtDueToRelatedParty
6986000000 USD
CY2013Q2 car Debt Instrument Convertible Shares
DebtInstrumentConvertibleShares
5000000 shares
car Decrease Increase In Program Cash
DecreaseIncreaseInProgramCash
61000000 USD
car Decrease Increase In Program Cash
DecreaseIncreaseInProgramCash
111000000 USD
CY2013Q2 car Deferred Income Taxes
DeferredIncomeTaxes
2074000000 USD
CY2012Q4 car Deferred Income Taxes
DeferredIncomeTaxes
2163000000 USD
CY2013Q2 car Early Debt Extinguishment
EarlyDebtExtinguishment
91000000 USD
car Early Debt Extinguishment
EarlyDebtExtinguishment
50000000 USD
CY2012Q2 car Early Debt Extinguishment
EarlyDebtExtinguishment
23000000 USD
car Early Debt Extinguishment
EarlyDebtExtinguishment
131000000 USD
CY2013Q2 car Employee Service Share Based Compensation Incremental Tax Benefit To Be Realized From Exercise Of Stock Awards
EmployeeServiceShareBasedCompensationIncrementalTaxBenefitToBeRealizedFromExerciseOfStockAwards
12000000 USD
car Exercise Price For Warrants Outstanding
ExercisePriceForWarrantsOutstanding
22.5
car Exercise Price For Warrants Outstanding
ExercisePriceForWarrantsOutstanding
22.5
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
99000000 USD
CY2012Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
59000000 USD
CY2012Q2 car Intercompany Interest Expense Income
IntercompanyInterestExpenseIncome
0 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
99000000 USD
car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
2000000 USD
CY2013Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
2000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
18000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-44000000 USD
CY2013Q2 car Intercompany Interest Expense Income
IntercompanyInterestExpenseIncome
0 USD
car Intercompany Interest Expense Income
IntercompanyInterestExpenseIncome
0 USD
car Intercompany Interest Expense Income
IntercompanyInterestExpenseIncome
0 USD
CY2013Q2 car Intercompany Receivables Payables
IntercompanyReceivablesPayables
0 USD
CY2012Q4 car Intercompany Receivables Payables
IntercompanyReceivablesPayables
0 USD
CY2013Q2 car Investment In Related Party
InvestmentInRelatedParty
362000000 USD
CY2012Q4 car Investment In Related Party
InvestmentInRelatedParty
362000000 USD
car Investment In Vehicles
InvestmentInVehicles
7306000000 USD
car Investment In Vehicles
InvestmentInVehicles
6938000000 USD
CY2013Q2 car Liabilities Under Vehicle Programs
LiabilitiesUnderVehiclePrograms
11958000000 USD
CY2012Q4 car Liabilities Under Vehicle Programs
LiabilitiesUnderVehiclePrograms
9264000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
-197000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
382000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
2116000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
2359000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-43000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-475000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
2983000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
2922000000 USD
car Net Change In Short Term Borrowings
NetChangeInShortTermBorrowings
-10000000 USD
car Net Change In Short Term Borrowings
NetChangeInShortTermBorrowings
1000000 USD
car Net Intercompany Transactions
NetIntercompanyTransactions
0 USD
car Net Intercompany Transactions
NetIntercompanyTransactions
0 USD
CY2012Q2 car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-3000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-7000000 USD
CY2013Q2 car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-3000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-9000000 USD
car Newly Issued European Credit Facility
NewlyIssuedEuropeanCreditFacility
650000000 EUR
car Newly Issued European Credit Facility
NewlyIssuedEuropeanCreditFacility
500000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
62000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
71000000 USD
CY2012Q2 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
29000000 USD
CY2013Q2 car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
37000000 USD
CY2012Q4 car Other Liabilities Under Vehicle Programs
OtherLiabilitiesUnderVehiclePrograms
295000000 USD
CY2013Q2 car Other Liabilities Under Vehicle Programs
OtherLiabilitiesUnderVehiclePrograms
527000000 USD
CY2013Q2 car Other Revenue
OtherRevenue
564000000 USD
car Other Revenue
OtherRevenue
987000000 USD
CY2012Q2 car Other Revenue
OtherRevenue
532000000 USD
car Other Revenue
OtherRevenue
1039000000 USD
CY2013Q1 car Percentage Of Payment On Defaulting Partys Obligation On Assumed Liabilities
PercentageOfPaymentOnDefaultingPartysObligationOnAssumedLiabilities
0.50
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
4802000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
6055000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
853000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
2338000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
7172000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
8191000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
654000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
2725000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
4434000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
4077000000 USD
CY2012Q4 car Program Cash
ProgramCash
24000000 USD
CY2013Q2 car Program Cash
ProgramCash
139000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
49000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
56000000 USD
CY2013Q2 car Receivables From Vehicle Manufacturers And Other
ReceivablesFromVehicleManufacturersAndOther
162000000 USD
CY2012Q4 car Receivables From Vehicle Manufacturers And Other
ReceivablesFromVehicleManufacturersAndOther
439000000 USD
CY2013Q2 car Redemptionof Notes
RedemptionofNotes
139000000 USD
CY2012Q4 car Rental Vehicles
RentalVehicles
10000000000 USD
CY2013Q2 car Rental Vehicles
RentalVehicles
13263000000 USD
CY2013Q2 car Rental Vehicles Net
RentalVehiclesNet
11882000000 USD
CY2012Q4 car Rental Vehicles Net
RentalVehiclesNet
8655000000 USD
CY2013Q2 car Restricted Cash Units Outstanding
RestrictedCashUnitsOutstanding
268000 shares
CY2013Q2 car Revolving Credit Facility Maturity Year
RevolvingCreditFacilityMaturityYear
2016
CY2013Q2 car Sales And Use Taxes
SalesAndUseTaxes
246000000 USD
CY2012Q4 car Sales And Use Taxes
SalesAndUseTaxes
108000000 USD
CY2013Q2 car Tender Offer Paid On Notes
TenderOfferPaidOnNotes
398000000 USD
CY2013Q2 car Total Assets Exclusive Of Assets Under Vehicle Programs
TotalAssetsExclusiveOfAssetsUnderVehiclePrograms
5734000000 USD
CY2012Q4 car Total Assets Exclusive Of Assets Under Vehicle Programs
TotalAssetsExclusiveOfAssetsUnderVehiclePrograms
5119000000 USD
CY2013Q2 car Total Liabilities Exclusive Of Liabilities Under Vehicle Programs
TotalLiabilitiesExclusiveOfLiabilitiesUnderVehiclePrograms
5892000000 USD
CY2012Q4 car Total Liabilities Exclusive Of Liabilities Under Vehicle Programs
TotalLiabilitiesExclusiveOfLiabilitiesUnderVehiclePrograms
5197000000 USD
car Transaction Related Costs
TransactionRelatedCosts
26000000 USD
car Transaction Related Costs
TransactionRelatedCosts
10000000 USD
CY2013Q2 car Transaction Related Costs
TransactionRelatedCosts
19000000 USD
CY2012Q2 car Transaction Related Costs
TransactionRelatedCosts
4000000 USD
car Valuation Period Range Maximum In Years
ValuationPeriodRangeMaximumInYears
3 years
car Valuation Period Range Maximum In Years
ValuationPeriodRangeMaximumInYears
3 years
car Vehicle Depreciation
VehicleDepreciation
808000000 USD
car Vehicle Depreciation
VehicleDepreciation
694000000 USD
car Vehicle Depreciation And Lease Charges Net
VehicleDepreciationAndLeaseChargesNet
652000000 USD
car Vehicle Depreciation And Lease Charges Net
VehicleDepreciationAndLeaseChargesNet
863000000 USD
CY2012Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
363000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
694000000 USD
CY2013Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
455000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
808000000 USD
car Vehicle Interest Net
VehicleInterestNet
153000000 USD
CY2013Q2 car Vehicle Interest Net
VehicleInterestNet
66000000 USD
car Vehicle Interest Net
VehicleInterestNet
123000000 USD
CY2012Q2 car Vehicle Interest Net
VehicleInterestNet
80000000 USD
CY2013Q2 car Vehicle Lease Charges
VehicleLeaseCharges
23000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
57000000 USD
CY2012Q2 car Vehicle Lease Charges
VehicleLeaseCharges
30000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
57000000 USD
CY2013Q2 car Vehicle Program Debt Amount Outstanding
VehicleProgramDebtAmountOutstanding
9357000000 USD
CY2013Q2 car Vehicle Program Debt Available Capacity
VehicleProgramDebtAvailableCapacity
903000000 USD
CY2013Q2 car Vehicle Program Debt Total Capacity
VehicleProgramDebtTotalCapacity
10260000000 USD
CY2012Q4 car Vehicle Program Outstanding Debt
VehicleProgramOutstandingDebt
6806000000 USD
CY2013Q2 car Vehicle Program Outstanding Debt
VehicleProgramOutstandingDebt
9357000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
20000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
11000000 USD
car Vehicle Rental
VehicleRental
2654000000 USD
CY2013Q2 car Vehicle Rental
VehicleRental
1438000000 USD
car Vehicle Rental
VehicleRental
2502000000 USD
CY2012Q2 car Vehicle Rental
VehicleRental
1334000000 USD
CY2013Q2 car Vehicles Held For Sale
VehiclesHeldForSale
217000000 USD
CY2012Q4 car Vehicles Held For Sale
VehiclesHeldForSale
619000000 USD
CY2012Q4 car Vehicles Net
VehiclesNet
9274000000 USD
CY2013Q2 car Vehicles Net
VehiclesNet
12099000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000723612
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108061448 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
AVIS BUDGET GROUP, INC.
dei Trading Symbol
TradingSymbol
CAR

Files In Submission

Name View Source Status
0000723612-13-000042-index-headers.html Edgar Link pending
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0000723612-13-000042.txt Edgar Link pending
0000723612-13-000042-xbrl.zip Edgar Link pending
car-20130630.xml Edgar Link completed
car-20130630.xsd Edgar Link pending
car-2013063013xex311.htm Edgar Link pending
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