2024 Q3 Form 10-Q Financial Statement

#000072361224000045 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.048B
YoY Change -2.4%
Cost Of Revenue $1.532B
YoY Change 3.86%
Gross Profit $1.516B
YoY Change -8.01%
Gross Profit Margin 49.74%
Selling, General & Admin $348.0M
YoY Change -16.75%
% of Gross Profit 22.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $791.0M
YoY Change 33.61%
% of Gross Profit 52.18%
Operating Expenses $348.0M
YoY Change -65.68%
Operating Profit $1.168B
YoY Change 84.23%
Interest Expense $88.00M
YoY Change -136.67%
% of Operating Profit 7.53%
Other Income/Expense, Net
YoY Change
Pretax Income $27.00M
YoY Change -95.48%
Income Tax $12.00M
% Of Pretax Income 44.44%
Net Earnings $14.00M
YoY Change -96.78%
Net Earnings / Revenue 0.46%
Basic Earnings Per Share $0.41
Diluted Earnings Per Share $0.41
COMMON SHARES
Basic Shares Outstanding 35.66M shares 35.65M shares
Diluted Shares Outstanding 35.70M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.0M
YoY Change -10.51%
Cash & Equivalents $511.0M
Short-Term Investments
Other Short-Term Assets $887.0M
YoY Change 15.95%
Inventory
Prepaid Expenses $264.0M
Receivables $1.062B
Other Receivables $0.00
Total Short-Term Assets $2.460B
YoY Change 10.17%
LONG-TERM ASSETS
Property, Plant & Equipment $704.0M
YoY Change -97.04%
Goodwill $1.087B
YoY Change 0.46%
Intangibles $650.0M
YoY Change -2.84%
Long-Term Investments $1.199B
YoY Change 4.44%
Other Assets $445.0M
YoY Change -78.25%
Total Long-Term Assets $31.42B
YoY Change 7.75%
TOTAL ASSETS
Total Short-Term Assets $2.460B
Total Long-Term Assets $31.42B
Total Assets $33.88B
YoY Change 7.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $555.0M
YoY Change -3.14%
Accrued Expenses $1.311B
YoY Change 5.22%
Deferred Revenue $311.0M
YoY Change -14.09%
Short-Term Debt $28.00M
YoY Change
Long-Term Debt Due $28.00M
YoY Change -17.65%
Total Short-Term Liabilities $2.866B
YoY Change 0.77%
LONG-TERM LIABILITIES
Long-Term Debt $5.233B
YoY Change -76.68%
Other Long-Term Liabilities $505.0M
YoY Change -84.4%
Total Long-Term Liabilities $5.738B
YoY Change -77.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.866B
Total Long-Term Liabilities $5.738B
Total Liabilities $8.604B
YoY Change -72.71%
SHAREHOLDERS EQUITY
Retained Earnings $3.751B
YoY Change 12.78%
Common Stock $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$490.0M
YoY Change
Total Liabilities & Shareholders Equity $33.88B
YoY Change 7.92%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $14.00M
YoY Change -96.78%
Depreciation, Depletion And Amortization $791.0M
YoY Change 33.61%
Cash From Operating Activities $884.0M
YoY Change -8.2%
INVESTING ACTIVITIES
Capital Expenditures $2.859B
YoY Change -43.52%
Acquisitions
YoY Change
Other Investing Activities $1.822B
YoY Change 19.4%
Cash From Investing Activities -$1.037B
YoY Change -70.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 139.0M
YoY Change -94.7%
NET CHANGE
Cash From Operating Activities 884.0M
Cash From Investing Activities -1.037B
Cash From Financing Activities 139.0M
Net Change In Cash -14.00M
YoY Change -126.92%
FREE CASH FLOW
Cash From Operating Activities $884.0M
Capital Expenditures $2.859B
Free Cash Flow -$1.975B
YoY Change -51.82%

Facts In Submission

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Avis Budget Group, Inc.
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DE
dei Entity Tax Identification Number
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06-0918165
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379 Interpace Parkway
dei Entity Address City Or Town
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Parsippany,
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07054
dei City Area Code
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dei Local Phone Number
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496-4700
dei Security12b Title
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Common Stock, Par Value $0.01
dei Trading Symbol
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CAR
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