$CAR
Avis Budget Group Inc

2022 Q3 Form 10-Q Financial Statement

#000072361222000041 Filed on August 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $3.547B $3.244B $2.569B
YoY Change 18.19% 36.82% 89.59%
Cost Of Revenue $1.464B $1.351B $1.181B
YoY Change 18.93% 31.04% 50.45%
Gross Profit $2.083B $1.893B $1.388B
YoY Change 17.68% 41.27% 143.51%
Gross Profit Margin 58.73% 58.35% 54.03%
Selling, General & Admin $384.0M $359.0M $335.0M
YoY Change 6.37% 22.11% 67.5%
% of Gross Profit 18.43% 18.96% 24.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $193.0M $447.0M $494.0M
YoY Change -57.58% 12.31% 45.72%
% of Gross Profit 9.27% 23.61% 35.59%
Operating Expenses $384.0M $359.0M $829.0M
YoY Change 6.37% 22.11% 53.8%
Operating Profit $1.699B $1.534B $559.0M
YoY Change 20.58% 46.65% 1703.23%
Interest Expense $64.00M $64.00M -$132.0M
YoY Change 36.17% 8.47% -5.04%
% of Operating Profit 3.77% 4.17% -23.61%
Other Income/Expense, Net
YoY Change
Pretax Income $1.342B $1.083B $543.0M
YoY Change 44.46% 122.84% -502.22%
Income Tax $311.0M $309.0M $162.0M
% Of Pretax Income 23.17% 28.53% 29.83%
Net Earnings $1.034B $778.0M $382.0M
YoY Change 53.19% 95.48% -524.44%
Net Earnings / Revenue 29.15% 23.98% 14.87%
Basic Earnings Per Share $22.08 $16.05
Diluted Earnings Per Share $21.67 $15.71 $6.519M
COMMON SHARES
Basic Shares Outstanding 48.07M shares 48.50M shares 56.45M shares
Diluted Shares Outstanding 47.70M shares 49.50M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $581.0M $579.0M $534.0M
YoY Change -34.42% -56.27% -22.83%
Cash & Equivalents $581.0M $579.0M $534.0M
Short-Term Investments
Other Short-Term Assets $526.0M $615.0M $538.0M
YoY Change -7.39% 0.0% 17.98%
Inventory
Prepaid Expenses $252.0M $301.0M $205.0M
Receivables $869.0M $871.0M $775.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.976B $2.065B $1.847B
YoY Change -12.84% -24.52% 2.9%
LONG-TERM ASSETS
Property, Plant & Equipment $506.0M $520.0M $537.0M
YoY Change -6.3% -10.03% -18.26%
Goodwill $1.031B $1.066B $1.108B
YoY Change -7.45% -5.41% -2.55%
Intangibles $662.0M $685.0M $724.0M
YoY Change -10.3% -7.31% -6.46%
Long-Term Investments $927.0M $985.0M $842.0M
YoY Change 16.9% 28.09% 26.24%
Other Assets $496.0M $393.0M $382.0M
YoY Change 59.49% 39.86% 56.56%
Total Long-Term Assets $23.22B $24.03B $20.75B
YoY Change 20.05% 24.66% 31.82%
TOTAL ASSETS
Total Short-Term Assets $1.976B $2.065B $1.847B
Total Long-Term Assets $23.22B $24.03B $20.75B
Total Assets $25.20B $26.10B $22.60B
YoY Change 16.6% 18.54% 28.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $501.0M $551.0M $407.0M
YoY Change 8.68% 23.54% 3.3%
Accrued Expenses $1.280B $1.222B $1.220B
YoY Change 7.38% 9.89% 26.03%
Deferred Revenue $248.0M $372.0M $185.0M
YoY Change 14.29% 11.04% 164.29%
Short-Term Debt $27.00M $27.00M $19.00M
YoY Change 50.0% 28.57% 0.0%
Long-Term Debt Due $27.00M $27.00M $19.00M
YoY Change 50.0% 28.57% 0.0%
Total Short-Term Liabilities $2.746B $2.771B $2.408B
YoY Change 9.93% 12.32% 17.29%
LONG-TERM LIABILITIES
Long-Term Debt $4.563B $4.624B $3.990B
YoY Change 13.82% 8.11% -4.8%
Other Long-Term Liabilities $553.0M $562.0M $625.0M
YoY Change -15.96% -15.74% -14.5%
Total Long-Term Liabilities $5.116B $5.186B $4.615B
YoY Change 9.62% 4.89% -6.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.746B $2.771B $2.408B
Total Long-Term Liabilities $5.116B $5.186B $4.615B
Total Liabilities $7.862B $7.957B $7.023B
YoY Change 9.73% 7.37% 0.69%
SHAREHOLDERS EQUITY
Retained Earnings $2.156B $1.122B -$185.0M
YoY Change -480.25% -190.34% -87.41%
Common Stock $1.000M $1.000M $1.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.290B $6.579B
YoY Change 60.91% 27.33%
Treasury Stock Shares 89.00M shares 81.00M shares
Shareholders Equity -$509.0M -$654.0M -$220.0M
YoY Change
Total Liabilities & Shareholders Equity $25.20B $26.10B $22.60B
YoY Change 16.6% 18.54% 28.86%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $1.034B $778.0M $382.0M
YoY Change 53.19% 95.48% -524.44%
Depreciation, Depletion And Amortization $193.0M $447.0M $494.0M
YoY Change -57.58% 12.31% 45.72%
Cash From Operating Activities $1.491B $1.223B $943.0M
YoY Change 15.31% 33.08% 1498.31%
INVESTING ACTIVITIES
Capital Expenditures -$1.721B -$3.581B -$2.064B
YoY Change -7.72% 12.29% 207.6%
Acquisitions
YoY Change
Other Investing Activities -$6.051B $876.0M $689.0M
YoY Change -724.46% 68.46% -49.52%
Cash From Investing Activities $294.0M -$2.705B -$1.375B
YoY Change -132.81% 1.35% -298.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.720B 1.552B 109.0M
YoY Change 101.88% -38.31% -106.56%
NET CHANGE
Cash From Operating Activities 1.491B 1.223B 943.0M
Cash From Investing Activities 294.0M -2.705B -1.375B
Cash From Financing Activities -1.720B 1.552B 109.0M
Net Change In Cash 65.00M 70.00M -323.0M
YoY Change -114.29% -90.86% -64.47%
FREE CASH FLOW
Cash From Operating Activities $1.491B $1.223B $943.0M
Capital Expenditures -$1.721B -$3.581B -$2.064B
Free Cash Flow $3.212B $4.804B $3.007B
YoY Change 1.71% 16.94% 311.92%

Facts In Submission

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Files In Submission

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0000723612-22-000041-index-headers.html Edgar Link pending
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0000723612-22-000041.txt Edgar Link pending
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car-20220630.htm Edgar Link pending
car-20220630.xsd Edgar Link pending
car-20220630_cal.xml Edgar Link unprocessable
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car-20220630_htm.xml Edgar Link completed
car-20220630_lab.xml Edgar Link unprocessable
car-20220630_pre.xml Edgar Link unprocessable
exhibit311-20220630.htm Edgar Link pending
exhibit312-20220630.htm Edgar Link pending
exhibit32-20220630.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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R1.htm Edgar Link pending
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