$CAR
AVIS BUDGET GROUP, INC.

2014 Q1 Form 10-Q Financial Statement

#000072361214000080 Filed on May 08, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.862B $1.691B
YoY Change 10.11% 4.19%
Cost Of Revenue $1.000B $931.0M
YoY Change 7.41% 4.26%
Gross Profit $862.0M $760.0M
YoY Change 13.42% 4.11%
Gross Profit Margin 46.29% 44.94%
Selling, General & Admin $248.0M $224.0M
YoY Change 10.71% 2.28%
% of Gross Profit 28.77% 29.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $448.0M $387.0M
YoY Change 15.76% 6.61%
% of Gross Profit 51.97% 50.92%
Operating Expenses $248.0M $224.0M
YoY Change 10.71% 2.28%
Operating Profit $614.0M $536.0M
YoY Change 14.55% 4.89%
Interest Expense $56.00M $58.00M
YoY Change -3.45% -20.55%
% of Operating Profit 9.12% 10.82%
Other Income/Expense, Net
YoY Change
Pretax Income $5.000M -$57.00M
YoY Change -108.77% 119.23%
Income Tax $1.000M -$11.00M
% Of Pretax Income 20.0%
Net Earnings $4.000M -$46.00M
YoY Change -108.7% 100.0%
Net Earnings / Revenue 0.21% -2.72%
Basic Earnings Per Share $0.03 -$0.43
Diluted Earnings Per Share $0.03 -$0.43
COMMON SHARES
Basic Shares Outstanding 106.6M shares 107.7M shares
Diluted Shares Outstanding 108.6M shares 107.7M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $841.0M $569.0M
YoY Change 47.8% -6.11%
Cash & Equivalents $841.0M $569.0M
Short-Term Investments
Other Short-Term Assets $501.0M $558.0M
YoY Change -10.22% -0.36%
Inventory
Prepaid Expenses $189.0M
Receivables $646.0M $591.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.162B $1.871B
YoY Change 15.55% 8.72%
LONG-TERM ASSETS
Property, Plant & Equipment $613.0M $559.0M
YoY Change 9.66% -94.35%
Goodwill $713.0M $646.0M
YoY Change 10.37%
Intangibles $932.0M $910.0M
YoY Change 2.42%
Long-Term Investments $0.00 $362.0M
YoY Change -100.0% 2.26%
Other Assets $362.0M $361.0M
YoY Change 0.28% -58.12%
Total Long-Term Assets $15.21B $14.69B
YoY Change 3.55% 17.81%
TOTAL ASSETS
Total Short-Term Assets $2.162B $1.871B
Total Long-Term Assets $15.21B $14.69B
Total Assets $17.37B $16.56B
YoY Change 4.9% 16.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.474B $344.0M
YoY Change 328.49% 7.5%
Accrued Expenses $501.0M
YoY Change 20.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $393.0M $29.00M
YoY Change 1255.17% -87.22%
Total Short-Term Liabilities $1.867B $1.575B
YoY Change 18.54% -5.69%
LONG-TERM LIABILITIES
Long-Term Debt $3.303B $3.318B
YoY Change -0.45% -65.17%
Other Long-Term Liabilities $840.0M $884.0M
YoY Change -4.98% -40.75%
Total Long-Term Liabilities $4.143B $4.202B
YoY Change -1.4% -61.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.867B $1.575B
Total Long-Term Liabilities $4.143B $4.202B
Total Liabilities $6.010B $5.777B
YoY Change 4.03% -57.99%
SHAREHOLDERS EQUITY
Retained Earnings -$2.356B -$2.422B
YoY Change -2.73%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.791B $4.938B
YoY Change -2.98%
Treasury Stock Shares 31.46M shares 28.94M shares
Shareholders Equity $703.0M $694.0M
YoY Change
Total Liabilities & Shareholders Equity $17.37B $16.56B
YoY Change 4.9% 16.71%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $4.000M -$46.00M
YoY Change -108.7% 100.0%
Depreciation, Depletion And Amortization $448.0M $387.0M
YoY Change 15.76% 6.61%
Cash From Operating Activities $390.0M $300.0M
YoY Change 30.0% 18.58%
INVESTING ACTIVITIES
Capital Expenditures -$3.311B -$3.608B
YoY Change -8.23% 17.41%
Acquisitions $476.0M
YoY Change
Other Investing Activities $7.000M -$26.00M
YoY Change -126.92% -2700.0%
Cash From Investing Activities -$957.0M -$1.208B
YoY Change -20.78% 24.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $67.00M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $716.0M $2.498B
YoY Change -71.34% 219.03%
NET CHANGE
Cash From Operating Activities $390.0M $300.0M
Cash From Investing Activities -$957.0M -$1.208B
Cash From Financing Activities $716.0M $2.498B
Net Change In Cash $149.0M $1.590B
YoY Change -90.63% 2204.35%
FREE CASH FLOW
Cash From Operating Activities $390.0M $300.0M
Capital Expenditures -$3.311B -$3.608B
Free Cash Flow $3.701B $3.908B
YoY Change -5.3% 17.5%

Facts In Submission

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240000000 USD
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391000000 USD
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6010000000 USD
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CY2013Q1 car Transactionrelated Costs
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CY2014Q1 car Valuation Period Range Maximum In Years
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P3Y0M0D
CY2013Q1 car Valuation Period Range Maximum In Years
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P3Y0M0D
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VehicleDepreciation
353000000 USD
CY2013Q4 car Vehicles Held For Sale
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CY2014Q1 car Vehicles Net
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CY2014Q1 dei Amendment Flag
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CY2014Q1 dei Current Fiscal Year End Date
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CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2014Q1 dei Document Fiscal Year Focus
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CY2014Q1 dei Document Period End Date
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VehicleDepreciationAndLeaseChargesNet
386000000 USD
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VehicleDepreciationAndLeaseChargesNet
433000000 USD
CY2013Q1 car Vehicle Depreciation Expense
VehicleDepreciationExpense
353000000 USD
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VehicleDepreciationExpense
407000000 USD
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VehicleInterestNet
64000000 USD
CY2013Q1 car Vehicle Interest Net
VehicleInterestNet
57000000 USD
CY2013Q1 car Vehicle Lease Charges
VehicleLeaseCharges
33000000 USD
CY2014Q1 car Vehicle Lease Charges
VehicleLeaseCharges
37000000 USD
CY2014Q1 car Vehicle Program Debt Amount Outstanding
VehicleProgramDebtAmountOutstanding
7999000000 USD
CY2014Q1 car Vehicle Program Debt Available Capacity
VehicleProgramDebtAvailableCapacity
3488000000 USD
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CY2014Q1 car Vehicle Program Outstanding Debt
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CY2013Q1 car Vehicle Programs Payments Of Financing Costs
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CY2014Q1 car Vehicle Programs Payments Of Financing Costs
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7000000 USD
CY2014Q1 car Vehicle Rental
VehicleRental
1329000000 USD
CY2013Q1 car Vehicle Rental
VehicleRental
1217000000 USD
CY2014Q1 car Vehicles Held For Sale
VehiclesHeldForSale
348000000 USD
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000723612
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
105396505 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
AVIS BUDGET GROUP, INC.
CY2014Q1 dei Trading Symbol
TradingSymbol
CAR

Files In Submission

Name View Source Status
0000723612-14-000080-index-headers.html Edgar Link pending
0000723612-14-000080-index.html Edgar Link pending
0000723612-14-000080.txt Edgar Link pending
0000723612-14-000080-xbrl.zip Edgar Link pending
car-20140331.xml Edgar Link completed
car-20140331.xsd Edgar Link pending
car-2014033114xex311.htm Edgar Link pending
car-20140331x10q.htm Edgar Link pending
car-20140331xex312.htm Edgar Link pending
car-20140331xex32.htm Edgar Link pending
car-20140331_cal.xml Edgar Link unprocessable
car-20140331_def.xml Edgar Link unprocessable
car-20140331_lab.xml Edgar Link unprocessable
car-20140331_pre.xml Edgar Link unprocessable
exhibit12-033114.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
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