2021 Q4 Form 10-K Financial Statement

#000072361222000006 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $2.569B $9.313B $1.355B
YoY Change 89.59% 72.4% -37.33%
Cost Of Revenue $1.181B $4.255B $785.0M
YoY Change 50.45% 32.97% -32.56%
Gross Profit $1.388B $5.058B $570.0M
YoY Change 143.51% 129.7% -42.89%
Gross Profit Margin 54.03% 54.31% 42.07%
Selling, General & Admin $335.0M $1.145B $200.0M
YoY Change 67.5% 62.87% -43.5%
% of Gross Profit 24.14% 22.64% 35.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $494.0M $1.674B $339.0M
YoY Change 45.72% 3.59% -32.34%
% of Gross Profit 35.59% 33.1% 59.47%
Operating Expenses $829.0M $1.145B $539.0M
YoY Change 53.8% 62.87% -36.96%
Operating Profit $559.0M $3.913B $31.00M
YoY Change 1703.23% 161.04% -78.32%
Interest Expense -$132.0M $218.0M -$139.0M
YoY Change -5.04% -5.63% 13.93%
% of Operating Profit -23.61% 5.57% -448.39%
Other Income/Expense, Net
YoY Change
Pretax Income $543.0M $1.708B -$135.0M
YoY Change -502.22% -278.66% -1064.29%
Income Tax $162.0M $425.0M -$45.00M
% Of Pretax Income 29.83% 24.88%
Net Earnings $382.0M $1.285B -$90.00M
YoY Change -524.44% -287.87% -163.38%
Net Earnings / Revenue 14.87% 13.8% -6.64%
Basic Earnings Per Share $19.79
Diluted Earnings Per Share $6.519M $19.44 -$1.293M
COMMON SHARES
Basic Shares Outstanding 56.45M shares 64.90M shares 69.68M shares
Diluted Shares Outstanding 66.10M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $534.0M $534.0M $692.0M
YoY Change -22.83% -22.83% 0.87%
Cash & Equivalents $534.0M $534.0M $692.0M
Short-Term Investments
Other Short-Term Assets $538.0M $538.0M $456.0M
YoY Change 17.98% 17.98% -16.79%
Inventory
Prepaid Expenses $205.0M $161.0M
Receivables $775.0M $775.0M $647.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.847B $1.847B $1.795B
YoY Change 2.9% 2.9% -16.32%
LONG-TERM ASSETS
Property, Plant & Equipment $537.0M $15.77B $657.0M
YoY Change -18.26% 38.71% -17.05%
Goodwill $1.108B $1.137B
YoY Change -2.55% 3.27%
Intangibles $724.0M $774.0M
YoY Change -6.46% -3.01%
Long-Term Investments $842.0M $842.0M $667.0M
YoY Change 26.24% 26.24%
Other Assets $382.0M $2.086B $244.0M
YoY Change 56.56% 37.78% 12.44%
Total Long-Term Assets $20.75B $20.75B $15.74B
YoY Change 31.82% 31.82% -24.97%
TOTAL ASSETS
Total Short-Term Assets $1.847B $1.847B $1.795B
Total Long-Term Assets $20.75B $20.75B $15.74B
Total Assets $22.60B $22.60B $17.54B
YoY Change 28.86% 28.86% -24.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.0M $407.0M $394.0M
YoY Change 3.3% 3.3% 4.23%
Accrued Expenses $1.220B $1.220B $968.0M
YoY Change 26.03% 26.03% -11.03%
Deferred Revenue $185.0M $70.00M
YoY Change 164.29%
Short-Term Debt $19.00M $0.00 $19.00M
YoY Change 0.0%
Long-Term Debt Due $19.00M $19.00M $19.00M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $2.408B $2.408B $2.053B
YoY Change 17.29% 17.29% -7.73%
LONG-TERM LIABILITIES
Long-Term Debt $3.990B $15.38B $4.191B
YoY Change -4.8% 39.21% 22.69%
Other Long-Term Liabilities $625.0M $2.779B $731.0M
YoY Change -14.5% -13.4% -3.43%
Total Long-Term Liabilities $4.615B $18.16B $4.922B
YoY Change -6.24% 27.37% 17.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.408B $2.408B $2.053B
Total Long-Term Liabilities $4.615B $18.16B $4.922B
Total Liabilities $7.023B $22.82B $6.975B
YoY Change 0.69% 28.98% 9.02%
SHAREHOLDERS EQUITY
Retained Earnings -$185.0M -$1.470B
YoY Change -87.41% 87.26%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.579B $5.167B
YoY Change 27.33% 0.45%
Treasury Stock Shares 81.00M shares 67.00M shares
Shareholders Equity -$220.0M -$220.0M -$155.0M
YoY Change
Total Liabilities & Shareholders Equity $22.60B $22.60B $17.54B
YoY Change 28.86% 28.86% -24.16%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $382.0M $1.285B -$90.00M
YoY Change -524.44% -287.87% -163.38%
Depreciation, Depletion And Amortization $494.0M $1.674B $339.0M
YoY Change 45.72% 3.59% -32.34%
Cash From Operating Activities $943.0M $3.491B $59.00M
YoY Change 1498.31% 405.21% -90.99%
INVESTING ACTIVITIES
Capital Expenditures -$2.064B -$10.16B -$671.0M
YoY Change 207.6% 84.93% -71.3%
Acquisitions $46.00M
YoY Change -33.33%
Other Investing Activities $689.0M $3.000M $1.365B
YoY Change -49.52% -47.98%
Cash From Investing Activities -$1.375B -$6.306B $694.0M
YoY Change -298.13% -298.49% 142.66%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $1.460B
YoY Change 1303.85%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 109.0M $2.687B -1.662B
YoY Change -106.56% -166.43% 115.28%
NET CHANGE
Cash From Operating Activities 943.0M $3.491B 59.00M
Cash From Investing Activities -1.375B -$6.306B 694.0M
Cash From Financing Activities 109.0M $2.687B -1.662B
Net Change In Cash -323.0M -$139.0M -909.0M
YoY Change -64.47% 2.96% -637.87%
FREE CASH FLOW
Cash From Operating Activities $943.0M $3.491B $59.00M
Capital Expenditures -$2.064B -$10.16B -$671.0M
Free Cash Flow $3.007B $13.65B $730.0M
YoY Change 311.92% 120.71% -75.61%

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StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
0 USD
CY2020 us-gaap Stock Issued During Period Value Treasury Stock Reissued
StockIssuedDuringPeriodValueTreasuryStockReissued
15000000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
113000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-155000000 USD
CY2021 us-gaap Profit Loss
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1283000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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54000000 USD
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1337000000 USD
CY2021 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
38000000 USD
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
14000000 USD
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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1443000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-209000000 USD
CY2021 us-gaap Use Of Estimates
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<div style="margin-top:9pt;padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates and Assumptions</span></div><div style="margin-top:9pt;padding-left:27pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The use of estimates and assumptions as determined by management is required in the preparation of the Consolidated Financial Statements in conformity with GAAP. These estimates are based on management’s evaluation of historical trends and other information available when the Consolidated Financial Statements are prepared and may affect the amounts reported and related disclosures. Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Revenues
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9313000000 USD
CY2020 us-gaap Revenues
Revenues
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CY2019 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2019 us-gaap Revenues
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9172000000 USD
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534000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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692000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
692000000 USD
CY2021Q4 car Program Cash
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89000000 USD
CY2020Q4 car Program Cash
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72000000 USD
CY2020Q4 car Program Cash
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72000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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3000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
626000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
765000000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
188000000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
265000000 USD
CY2021 car Vehicle Interest Income
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1000000 USD
CY2020 car Vehicle Interest Income
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12000000 USD
CY2019 car Vehicle Interest Income
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15000000 USD
CY2021 us-gaap Advertising Expense
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81000000 USD
CY2020 us-gaap Advertising Expense
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54000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
121000000 USD
CY2021Q4 car Retained Risks Of Liabilities
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383000000 USD
CY2020Q4 car Retained Risks Of Liabilities
RetainedRisksOfLiabilities
396000000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
48000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
53000000 USD
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72000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
63000000 USD
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10000000 USD
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
5000000 USD
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
10000000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
8000000 USD
CY2019 car Equity Securities Without Readily Determinable Fair Value Gain Loss On Disposal
EquitySecuritiesWithoutReadilyDeterminableFairValueGainLossOnDisposal
12000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
7000000 USD
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OperatingLeaseLeaseIncome
9186000000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5243000000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9028000000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9186000000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
5243000000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9028000000 USD
CY2021Q4 us-gaap Operating Lease Residual Value Of Leased Asset
OperatingLeaseResidualValueOfLeasedAsset
102000000 USD
CY2020Q4 us-gaap Operating Lease Residual Value Of Leased Asset
OperatingLeaseResidualValueOfLeasedAsset
202000000 USD
CY2021 car Vehicle Lease Charges
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156000000 USD
CY2020 car Vehicle Lease Charges
VehicleLeaseCharges
195000000 USD
CY2019 car Vehicle Lease Charges
VehicleLeaseCharges
255000000 USD
CY2021 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
2000000 USD
CY2020 car Operating Lease Minimum Annual Guaranteed Rent In Excess Of Concession Fees
OperatingLeaseMinimumAnnualGuaranteedRentInExcessOfConcessionFees
60000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1285000000 USD
CY2020 us-gaap Net Income Loss
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-684000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
302000000 USD
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64900000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70500000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75200000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66100000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70500000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75700000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
19.79
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.71
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.01
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
19.44
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-9.71
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.98
CY2020 car Antidilutive Non Vested Stock Weighted Average Grant Date Fair Value
AntidilutiveNonVestedStockWeightedAverageGrantDateFairValue
26.20
CY2019 car Antidilutive Non Vested Stock Weighted Average Grant Date Fair Value
AntidilutiveNonVestedStockWeightedAverageGrantDateFairValue
39.48
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
2000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
6000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
9000000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
10000000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
2000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
6000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
9000000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
10000000 USD
CY2021 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
130 employee
CY2020 car Chargesrelatedtovoluntaryterminationprogram
Chargesrelatedtovoluntaryterminationprogram
18000000 USD
CY2021 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
23000000 USD
CY2020 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
28000000 USD
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606000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
433000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
173000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
602000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1137000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
222000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
1108000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
380000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
65000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
59000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
47000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
28000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
3219000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2118000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1101000000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
36000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1137000000 USD
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-29000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
1108000000 USD
CY2021Q4 car Rental Vehicles
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14612000000 USD
CY2020Q4 car Rental Vehicles
RentalVehicles
9210000000 USD
CY2021Q4 car Accumulated Depreciation
AccumulatedDepreciation
1911000000 USD
CY2020Q4 car Accumulated Depreciation
AccumulatedDepreciation
1337000000 USD
CY2021Q4 car Rental Vehicles Net
RentalVehiclesNet
12701000000 USD
CY2020Q4 car Rental Vehicles Net
RentalVehiclesNet
7873000000 USD
CY2021Q4 car Vehicles Held For Sale
VehiclesHeldForSale
165000000 USD
CY2020Q4 car Vehicles Held For Sale
VehiclesHeldForSale
280000000 USD
CY2021Q4 car Vehicles Net
VehiclesNet
12866000000 USD
CY2020Q4 car Vehicles Net
VehiclesNet
8153000000 USD
CY2021 car Vehicle Depreciation Expense
VehicleDepreciationExpense
1402000000 USD
CY2020 car Vehicle Depreciation Expense
VehicleDepreciationExpense
1330000000 USD
CY2019 car Vehicle Depreciation Expense
VehicleDepreciationExpense
1890000000 USD
CY2021 car Vehicle Lease Charges
VehicleLeaseCharges
156000000 USD
CY2018 car Vehicle Lease Charges
VehicleLeaseCharges
195000000 USD
CY2019 car Vehicle Lease Charges
VehicleLeaseCharges
255000000 USD
CY2021 car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
361000000 USD
CY2020 car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
157000000 USD
CY2019 car Gain Loss On Sale Of Vehicles
GainLossOnSaleOfVehicles
82000000 USD
CY2021 car Vehicle Depreciation And Lease Charges Net
VehicleDepreciationAndLeaseChargesNet
1197000000 USD
CY2020 car Vehicle Depreciation And Lease Charges Net
VehicleDepreciationAndLeaseChargesNet
1368000000 USD
CY2019 car Vehicle Depreciation And Lease Charges Net
VehicleDepreciationAndLeaseChargesNet
2063000000 USD
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AccountsPayableOtherCurrent
142000000 USD
CY2020Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
232000000 USD
CY2019Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
418000000 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
134000000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
162000000 USD
CY2019Q4 us-gaap Other Receivables
OtherReceivables
576000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-5000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
35000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
21000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
41000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
47000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
45000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
88000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
309000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-104000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
41000000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
78000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-90000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-37000000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-123000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-107000000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
378000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-317000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-103000000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
425000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-272000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1529000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-590000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
125000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
179000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
162000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1708000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-956000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
287000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1480000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1146000000 USD
CY2021Q4 car Deferred Tax Assets Operating Liability Noncurrent
DeferredTaxAssetsOperatingLiabilityNoncurrent
625000000 USD
CY2020Q4 car Deferred Tax Assets Operating Liability Noncurrent
DeferredTaxAssetsOperatingLiabilityNoncurrent
657000000 USD
CY2021Q4 car Deferred Tax Assets Accrued Liabilities And Deferred Income Non Current
DeferredTaxAssetsAccruedLiabilitiesAndDeferredIncomeNonCurrent
272000000 USD
CY2020Q4 car Deferred Tax Assets Accrued Liabilities And Deferred Income Non Current
DeferredTaxAssetsAccruedLiabilitiesAndDeferredIncomeNonCurrent
237000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
11000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
17000000 USD
CY2021Q4 car Deferred Tax Assets Depreciation And Amortization Non Current
DeferredTaxAssetsDepreciationAndAmortizationNonCurrent
19000000 USD
CY2020Q4 car Deferred Tax Assets Depreciation And Amortization Non Current
DeferredTaxAssetsDepreciationAndAmortizationNonCurrent
3000000 USD
CY2020Q4 car Deferred Tax Liabilities Depreciation And Amortization Non Current
DeferredTaxLiabilitiesDepreciationAndAmortizationNonCurrent
105000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
18000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
8000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
100000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
110000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
167000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
204000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2358000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1974000000 USD
CY2021Q4 car Deferred Tax Liability Operatingleaserightofuseassets
DeferredTaxLiabilityOperatingleaserightofuseassets
614000000 USD
CY2020Q4 car Deferred Tax Liability Operatingleaserightofuseassets
DeferredTaxLiabilityOperatingleaserightofuseassets
649000000 USD
CY2021Q4 car Deferred Tax Liabilities Depreciation And Amortization Non Current
DeferredTaxLiabilitiesDepreciationAndAmortizationNonCurrent
102000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
23000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
8000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
14000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
743000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
776000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1615000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1198000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
167000000 USD
CY2021Q4 car Deferred Tax Assets Operating Loss Carryforward With Valuation Against It
DeferredTaxAssetsOperatingLossCarryforwardWithValuationAgainstIt
163000000 USD
CY2021Q4 car Deferred Tax Assets State And Local
DeferredTaxAssetsStateAndLocal
4000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
204000000 USD
CY2020Q4 car Deferred Tax Assets Operating Loss Carryforward With Valuation Against It
DeferredTaxAssetsOperatingLossCarryforwardWithValuationAgainstIt
195000000 USD
CY2020Q4 car Deferred Tax Assets State And Local
DeferredTaxAssetsStateAndLocal
9000000 USD
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
1200000000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
1000000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.055
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.048
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.017
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.006
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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453000000 USD
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518000000 USD
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DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
307000000 USD
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453000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
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303000000 USD
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307000000 USD
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CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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722000000 USD
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31000000 USD
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31000000 USD
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32000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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33000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
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35000000 USD
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188000000 USD
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286000000 USD
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263000000 USD
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9311000000 USD
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13815000000 USD
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250000000 USD
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2411000000 USD
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NonVehicleRelatedDepreciationExcludingCertainCost
286000000 USD
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263000000 USD
CY2021 us-gaap Interest Expense
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122000000 USD
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287000000 USD
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60000000 USD
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14000000 USD
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