2021 Q2 Form 10-Q Financial Statement

#000072361221000049 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q2
Revenue $2.371B $1.372B $760.0M
YoY Change 211.97% -21.73% -67.48%
Cost Of Revenue $1.031B $777.0M $549.0M
YoY Change 87.8% -26.0% -53.16%
Gross Profit $1.340B $595.0M $211.0M
YoY Change 535.07% -15.36% -81.89%
Gross Profit Margin 56.52% 43.37% 27.76%
Selling, General & Admin $294.0M $182.0M $132.0M
YoY Change 122.73% -27.49% -57.83%
% of Gross Profit 21.94% 30.59% 62.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $398.0M $327.0M $405.0M
YoY Change -1.73% -32.3% -29.07%
% of Gross Profit 29.7% 54.96% 191.94%
Operating Expenses $294.0M $182.0M $72.00M
YoY Change 308.33% -27.49% -77.0%
Operating Profit $1.046B $413.0M $139.0M
YoY Change 652.52% -8.63% -83.69%
Interest Expense $59.00M $61.00M $51.00M
YoY Change 15.69% 27.08% 6.25%
% of Operating Profit 5.64% 14.77% 36.69%
Other Income/Expense, Net
YoY Change
Pretax Income $486.0M -$250.0M -$609.0M
YoY Change -179.8% -5.66% -851.85%
Income Tax $88.00M -$80.00M -$128.0M
% Of Pretax Income 18.11%
Net Earnings $398.0M -$170.0M -$481.0M
YoY Change -182.74% 7.59% -875.81%
Net Earnings / Revenue 16.79% -12.39% -63.29%
Basic Earnings Per Share $5.69 -$2.43 -$6.91
Diluted Earnings Per Share $5.63 -$2.43 -$6.91
COMMON SHARES
Basic Shares Outstanding 69.90M shares 69.90M shares 69.60M shares
Diluted Shares Outstanding 70.60M shares 69.90M shares 69.60M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.324B $576.0M $1.258B
YoY Change 5.25% -15.17% 135.58%
Cash & Equivalents $1.324B $576.0M $1.258B
Short-Term Investments
Other Short-Term Assets $615.0M $506.0M $445.0M
YoY Change 38.2% -5.6% -46.51%
Inventory
Prepaid Expenses $248.0M $204.0M $165.0M
Receivables $797.0M $786.0M $537.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.736B $1.868B $2.240B
YoY Change 22.14% -3.06% -2.01%
LONG-TERM ASSETS
Property, Plant & Equipment $578.0M $611.0M $729.0M
YoY Change -20.71% -20.34% -2.67%
Goodwill $1.127B $1.121B $1.077B
YoY Change 4.64% 4.86% -2.71%
Intangibles $739.0M $750.0M $790.0M
YoY Change -6.46% -5.54% -1.99%
Long-Term Investments $769.0M $666.0M $725.0M
YoY Change 6.07% -15.16%
Other Assets $281.0M $266.0M $227.0M
YoY Change 23.79% 25.47% 1.79%
Total Long-Term Assets $19.28B $16.74B $19.45B
YoY Change -0.89% -22.58% -12.26%
TOTAL ASSETS
Total Short-Term Assets $2.736B $1.868B $2.240B
Total Long-Term Assets $19.28B $16.74B $19.45B
Total Assets $22.01B $18.61B $21.69B
YoY Change 1.49% -20.99% -11.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $446.0M $458.0M $389.0M
YoY Change 14.65% 13.93% -2.75%
Accrued Expenses $1.112B $993.0M $974.0M
YoY Change 14.17% -1.0% -5.07%
Deferred Revenue $335.0M $151.0M
YoY Change
Short-Term Debt $21.00M $19.00M $0.00
YoY Change
Long-Term Debt Due $21.00M $19.00M $19.00M
YoY Change 10.53% -83.9% -95.48%
Total Short-Term Liabilities $2.467B $2.190B $2.103B
YoY Change 17.31% -3.23% -21.21%
LONG-TERM LIABILITIES
Long-Term Debt $4.277B $4.264B $3.884B
YoY Change 10.12% 25.56% 24.69%
Other Long-Term Liabilities $667.0M $681.0M $735.0M
YoY Change -9.25% -8.71% -2.26%
Total Long-Term Liabilities $4.944B $4.945B $4.619B
YoY Change 7.04% 19.39% 19.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.467B $2.190B $2.103B
Total Long-Term Liabilities $4.944B $4.945B $4.619B
Total Liabilities $7.411B $7.135B $6.722B
YoY Change 10.25% 11.4% 2.85%
SHAREHOLDERS EQUITY
Retained Earnings -$1.242B -$1.640B -$1.425B
YoY Change -12.84% 73.73% 27.69%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.152B $5.156B $5.176B
YoY Change -0.46% -0.58% 1.63%
Treasury Stock Shares 67.00M shares 67.00M shares 61.00M shares
Shareholders Equity $92.00M -$316.0M -$153.0M
YoY Change
Total Liabilities & Shareholders Equity $22.01B $18.61B $21.69B
YoY Change 1.49% -20.99% -11.31%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q2
OPERATING ACTIVITIES
Net Income $398.0M -$170.0M -$481.0M
YoY Change -182.74% 7.59% -875.81%
Depreciation, Depletion And Amortization $398.0M $327.0M $405.0M
YoY Change -1.73% -32.3% -29.07%
Cash From Operating Activities $919.0M $336.0M -$20.00M
YoY Change -4695.0% -9.19% -103.81%
INVESTING ACTIVITIES
Capital Expenditures -$3.189B -$3.044B -$466.0M
YoY Change 584.33% -19.77% -89.41%
Acquisitions
YoY Change
Other Investing Activities $520.0M $0.00 $2.265B
YoY Change -77.04% -15.71%
Cash From Investing Activities -$2.669B -$1.366B $1.799B
YoY Change -248.36% -7.83% -205.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.00M
YoY Change -81.55%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.516B $914.0M -1.186B
YoY Change -312.14% -4.99% -208.81%
NET CHANGE
Cash From Operating Activities 919.0M $336.0M -20.00M
Cash From Investing Activities -2.669B -$1.366B 1.799B
Cash From Financing Activities 2.516B $914.0M -1.186B
Net Change In Cash 766.0M -$126.0M 593.0M
YoY Change 29.17% -29.61% -711.34%
FREE CASH FLOW
Cash From Operating Activities $919.0M $336.0M -$20.00M
Capital Expenditures -$3.189B -$3.044B -$466.0M
Free Cash Flow $4.108B $3.380B $446.0M
YoY Change 821.08% -18.83% -90.94%

Facts In Submission

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VehicleDepreciation
748000000 USD
car Amortizationof Right Of Use Assets
AmortizationofRightOfUseAssets
492000000 USD
car Amortizationof Right Of Use Assets
AmortizationofRightOfUseAssets
424000000 USD
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
89000000 USD
car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
13000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
130000000 USD
car Non Vehicle Related Depreciation And Amortization
NonVehicleRelatedDepreciationAndAmortization
140000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
14000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
17000000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
16000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-129000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
117000000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-243000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-42000000 USD
car Increase Decrease In Income Taxes And Deferred Income Taxes
IncreaseDecreaseInIncomeTaxesAndDeferredIncomeTaxes
-240000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
428000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-98000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-489000000 USD
car Increase Decreasein Operating Lease Liabilities
IncreaseDecreaseinOperatingLeaseLiabilities
-422000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
41000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-182000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1255000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
350000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
30000000 USD
car Property And Equipment Additions
PropertyAndEquipmentAdditions
64000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
2000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
5000000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
60000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-38000000 USD
car Net Cash Used In Investing Activities Exclusive Of Vehicle Programs
NetCashUsedInInvestingActivitiesExclusiveOfVehiclePrograms
-120000000 USD
car Investment In Vehicles
InvestmentInVehicles
6203000000 USD
car Investment In Vehicles
InvestmentInVehicles
4196000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
2308000000 USD
car Proceeds Received On Disposition Of Vehicles
ProceedsReceivedOnDispositionOfVehicles
4709000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
163000000 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
175000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
61000000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
99000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
3997000000 USD
car Net Cash Used In Investing Activities Of Vehicle Programs
NetCashUsedInInvestingActivitiesOfVehiclePrograms
-437000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4035000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
317000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
1100000000 USD
car Proceeds From Long Term Borrowings
ProceedsFromLongTermBorrowings
669000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
1105000000 USD
car Principal Payments On Long Term Borrowings
PrincipalPaymentsOnLongTermBorrowings
198000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
118000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
-39000000 USD
car Net Cash Provided By Used In Financing Activities Exclusive Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesExclusiveOfVehiclePrograms
351000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
8200000000 USD
car Proceeds From Borrowings From Financing Activities Within Vehicle Programs
ProceedsFromBorrowingsFromFinancingActivitiesWithinVehiclePrograms
9042000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
4718000000 USD
car Principal Payments On Borrowings From Financing Activities Within Vehicle Programs
PrincipalPaymentsOnBorrowingsFromFinancingActivitiesWithinVehiclePrograms
9610000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
13000000 USD
car Vehicle Programs Payments Of Financing Costs
VehicleProgramsPaymentsOfFinancingCosts
7000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
3469000000 USD
car Net Cash Provided By Used In Financing Activities Of Vehicle Programs
NetCashProvidedByUsedInFinancingActivitiesOfVehiclePrograms
-575000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3430000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-224000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
646000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
439000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
765000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
900000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1411000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1339000000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
400000000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8000000 shares
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
92000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
292000000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-448000000 USD
CY2020Q2 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
5000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-155000000 USD
us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
254000000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
3000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
92000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
656000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
-3000000 USD
us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
15000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
113000000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1324000000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1258000000 USD
CY2021Q2 car Program Cash
ProgramCash
84000000 USD
CY2020Q2 car Program Cash
ProgramCash
79000000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3000000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1411000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1339000000 USD
car Net Unrealized Gain Or Loss Of Foreign Currency Transactions On Intercompany Loan Hedges
NetUnrealizedGainOrLossOfForeignCurrencyTransactionsOnIntercompanyLoanHedges
-6000000 USD
CY2021Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
66000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
63000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2000000 USD
CY2021Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2000000 USD
CY2020Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1000000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1000000 USD
CY2021Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
us-gaap Revenues
Revenues
3743000000 USD
CY2021Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
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CY2020Q2 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
us-gaap Revenues
Revenues
2513000000 USD
CY2021Q2 us-gaap Revenues
Revenues
2371000000 USD
CY2020Q2 us-gaap Revenues
Revenues
760000000 USD
us-gaap Revenues
Revenues
3743000000 USD
us-gaap Revenues
Revenues
2513000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2352000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
738000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3684000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2459000000 USD
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2352000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
16000000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
738000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
3684000000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
2459000000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
134000000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
128000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
273000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
313000000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
112000000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
20000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
166000000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
56000000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
246000000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
148000000 USD
us-gaap Lease Cost
LeaseCost
439000000 USD
us-gaap Lease Cost
LeaseCost
369000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
30000000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2407000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2560000000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
495000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
514000000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1947000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2078000000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2442000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2592000000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0384
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0386
us-gaap Operating Lease Payments
OperatingLeasePayments
407000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
327000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
269000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
455000000 USD
CY2020Q4 us-gaap Restructuring Reserve
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CY2021Q2 us-gaap Restructuring Reserve
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7000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
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CY2021Q2 us-gaap Restructuring Reserve
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CY2021Q2 us-gaap Net Income Loss
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398000000 USD
us-gaap Net Income Loss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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69900000 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
228000000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71300000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70600000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71300000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.69
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.63
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.91
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.96
CY2021Q2 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
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CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
147000000 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
248000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
161000000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
104000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
148000000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
615000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
456000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
593000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
407000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
186000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
602000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
380000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
222000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
34000000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
1127000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1137000000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
32000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
26000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17000000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16000000 USD
CY2021Q2 car Rental Vehicles
RentalVehicles
13164000000 USD
CY2020Q4 car Rental Vehicles
RentalVehicles
9210000000 USD
CY2021Q2 car Accumulated Depreciation
AccumulatedDepreciation
1528000000 USD
CY2020Q4 car Accumulated Depreciation
AccumulatedDepreciation
1337000000 USD
CY2021Q2 car Rental Vehicles Net
RentalVehiclesNet
11636000000 USD
CY2020Q4 car Rental Vehicles Net
RentalVehiclesNet
7873000000 USD
CY2021Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
336000000 USD
CY2021Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
336000000 USD
CY2021Q2 car Vehicles Held For Sale
VehiclesHeldForSale
92000000 USD
CY2020Q4 car Vehicles Held For Sale
VehiclesHeldForSale
280000000 USD
CY2021Q2 car Vehicles Net
VehiclesNet
11728000000 USD
CY2020Q4 car Vehicles Net
VehiclesNet
8153000000 USD
CY2020Q2 car Vehicle Depreciation Expense
VehicleDepreciationExpense
334000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
595000000 USD
car Vehicle Depreciation Expense
VehicleDepreciationExpense
748000000 USD
CY2021Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
CY2021Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
CY2020Q2 car Vehicle Lease Charges
VehicleLeaseCharges
42000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
86000000 USD
car Vehicle Lease Charges
VehicleLeaseCharges
98000000 USD
CY2021Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
40000000 USD
CY2021Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
GainLossOnSaleOfVehiclesNetAndCostOfVehicleDisposition
40000000 USD
CY2020Q2 car Gain Loss On Sale Of Vehicles Net And Cost Of Vehicle Disposition
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2000000 USD
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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OciBeforeReclassificationsNetOfTaxAttributableToParent
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5000000 USD
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ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
21000000 USD
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P1Y4M24D
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9000000 USD
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50000000 USD
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80000000 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
37000000 USD
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2371000000 USD
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624000000 USD
CY2020Q2 us-gaap Revenues
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760000000 USD
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AdjustedEarningsBeforeIncomeDepreciationAndAmortization
624000000 USD
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AdjustedEarningsBeforeIncomeDepreciationAndAmortization
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67000000 USD
CY2020Q2 car Non Vehicle Related Depreciation And Amortization Total
NonVehicleRelatedDepreciationAndAmortizationTotal
71000000 USD
CY2021Q2 us-gaap Interest Expense
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59000000 USD
CY2020Q2 us-gaap Interest Expense
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51000000 USD
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22000000 USD
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28000000 USD
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1000000 USD
CY2020Q2 car Transactionrelatedcostsnet
Transactionrelatedcostsnet
1000000 USD
CY2021Q2 car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
0 USD
CY2020Q2 car Unusual Or Infrequent Items Or Both Covid Charges
UnusualOrInfrequentItemsOrBothCovidCharges
73000000 USD
CY2021Q2 car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
11000000 USD
CY2020Q2 car Unprecedented Personal Injury And Other Legal Matters Net
UnprecedentedPersonalInjuryAndOtherLegalMattersNet
0 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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486000000 USD
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-609000000 USD
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30000000 USD
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2000000 USD
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UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
28000000 USD
CY2021Q2 car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
0 USD
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UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
15000000 USD
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1000000 USD
CY2020Q2 us-gaap Supplies Expense
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0 USD
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3743000000 USD
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671000000 USD
us-gaap Revenues
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2513000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
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-469000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
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671000000 USD
car Adjusted Earnings Before Income Depreciation And Amortization
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-469000000 USD
car Non Vehicle Related Depreciation And Amortization Total
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135000000 USD
car Non Vehicle Related Depreciation And Amortization Total
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140000000 USD
us-gaap Interest Expense
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120000000 USD
us-gaap Interest Expense
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99000000 USD
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72000000 USD
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18000000 USD
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42000000 USD
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80000000 USD
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2000000 USD
car Transactionrelatedcostsnet
Transactionrelatedcostsnet
3000000 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
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0 USD
car Nonoperationalchargesrelatedtoshareholderactivistactivity
Nonoperationalchargesrelatedtoshareholderactivistactivity
4000000 USD
car Unprecedented Personal Injury And Other Legal Matters Net
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11000000 USD
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0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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236000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-874000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
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16000000 USD
car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
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30000000 USD
car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
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car Unusual Or Infrequent Item Or Both Vehicles Damaged In Overflow Parking Lots Net Of Insurance Proceeds
UnusualOrInfrequentItemOrBothVehiclesDamagedInOverflowParkingLotsNetOfInsuranceProceeds
33000000 USD
car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
0 USD
car Unusual Or Infrequent Item Or Both Incremental Cleaning Supplies
UnusualOrInfrequentItemOrBothIncrementalCleaningSupplies
17000000 USD
us-gaap Supplies Expense
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6000000 USD
us-gaap Supplies Expense
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0 USD

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