← AVIS BUDGET GROUP, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $163.0m
$361.0m +121.47%
$165.0m -54.29%
$302.0m +83.03%
($684.0m) -326.49%
$1.3b +287.87%
$2.8b +115.10%
$1.6b -40.96%
($1.8b) -211.58%
($889.0m) +51.18%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $163.0m $361.0m $165.0m $302.0m ($684.0m) $1.3b $2.8b $1.6b ($1.8b) ($995.0m) —
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — ($2.0m) ($8.0m) $3.0m $4.0m ($106.0m) —
Amortization of Debt Issuance Costs $37.0m $34.0m $28.0m $31.0m $33.0m $33.0m $34.0m $40.0m $46.0m $52.0m —
Amortization of Intangible Assets $65.0m $62.0m $65.0m $59.0m $65.0m $67.0m $44.0m $29.0m $30.0m $23.0m —
Capitalized Computer Software, Amortization $87.0m $95.0m $92.0m $109.0m $113.0m $105.0m $115.0m $101.0m $102.0m $92.0m —
Depreciation, Nonproduction $188.0m $197.0m $191.0m $204.0m $218.0m $205.0m $181.0m $187.0m $207.0m $208.0m $3.9b
Depreciation — — — — — — $2.8b $3.5b $4.0b $4.0b $3.9b
Deferred Income Tax Expense (Benefit) $51.0m ($192.0m) $14.0m ($103.0m) ($317.0m) $378.0m $682.0m $191.0m ($905.0m) ($24.0m) ($24.0m)
Deferred Tax — — — — — — $682.0m $191.0m ($905.0m) ($24.0m) ($24.0m)
Share-based Payment Arrangement, Noncash Expense $27.0m $13.0m $24.0m $22.0m $9.0m $30.0m $25.0m $30.0m $19.0m $19.0m $14.0m
Share-based Payment Arrangement, Expense $28.0m $10.0m $24.0m $22.0m $9.0m $30.0m $25.0m $30.0m $19.0m $19.0m $14.0m
Impairment of Intangible Assets (Excluding Goodwill) — $2.0m — — — — — — — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — — $28.0m $0 —
Asset Impairment Charge — — — — — — $0 $0 $2.5b $518.0m $518.0m
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — $0 — — — — —
Income (Loss) from Equity Method Investments $0 $0 $0 $0 — — — — — — —
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — $5.0m $10.0m $10.0m $10.0m $12.0m $12.0m $23.0m $21.0m —
Change In Working Capital — — — — — — ($753.0m) ($1.2b) ($938.0m) ($943.0m) ($1.2b)
Change In Receivables — — — — — — ($97.0m) ($43.0m) $51.0m $60.0m $103.0m
Changes In Account Receivables — — — — — ($143.0m) ($97.0m) ($43.0m) $51.0m — $103.0m
Change In Other Current Liabilities — — — — — — ($879.0m) ($1.0b) ($1.1b) ($1.1b) ($1.1b)
Other Operating Income (Expense), Net — — — — — — $7.0m ($3.0m) ($9.0m) ($18.0m) —
Net Cash Provided by (Used in) Operating Activities $2.6b
$2.6b +0.72%
$2.6b -1.47%
$2.6b -0.88%
$691.0m -73.28%
$3.5b +405.21%
$4.7b +34.83%
$3.8b -18.67%
$3.5b -8.10%
$3.3b -6.31%
$2.9b -11.83%
Cash flows from investing activities:
Capital Expenditure — — — — — — ($10.7b) ($15.5b) ($10.1b) ($15.3b) ($14.3b)
Payments to Acquire Businesses, Net of Cash Acquired $55.0m $21.0m $91.0m $77.0m $69.0m $46.0m — — — — —
Payments for (Proceeds from) Other Investing Activities ($3.0m) ($5.0m) $44.0m ($81.0m) $0 $3.0m $33.0m ($6.0m) ($12.0m) $9.0m —
Net Other Investing Changes — — — — — — ($34.0m) ($56.0m) $12.0m ($7.0m) ($27.0m)
Net Cash Provided by (Used in) Investing Activities ($2.1b) ($2.2b) ($3.4b) ($2.8b) $3.2b ($6.3b) ($4.3b) ($7.3b) ($2.8b) ($5.2b) ($2.8b)
Cash flows from financing activities:
Gain (Loss) on Extinguishment of Debt ($27.0m) ($3.0m) ($19.0m) ($12.0m) ($9.0m) ($136.0m) $0 ($5.0m) ($19.0m) ($6.0m) —
Issuance Of Debt — — — — — — $18.1b $24.9b $22.9b $27.6b $25.4b
Long Term Debt Issuance — — — — — — $18.1b $24.9b $22.9b $27.6b $25.4b
Long Term Debt Payments — — — — — — ($15.2b) ($20.0b) ($23.5b) ($25.8b) ($25.5b)
Net Issuance Payments Of Debt — — — — — — $3.0b $4.9b ($639.0m) $1.7b ($106.0m)
Net Long Term Debt Issuance — — — — — — $3.0b $4.9b ($639.0m) $1.7b ($106.0m)
Net Short Term Debt Issuance — — — — — $1.0m ($1.0m) $0 $0 — $0
Repayment Of Debt — — — — — — ($15.2b) ($20.0b) ($23.5b) ($25.8b) ($25.5b)
Payments for Repurchase of Common Stock $387.0m $210.0m $216.0m $67.0m $119.0m $1.5b $3.3b $951.0m $70.0m $7.0m —
Proceeds from Issuance of Common Stock — — — — $15.0m $0 $0 — — — $0
Common Stock Dividend Paid — — — — — — $0 ($355.0m) $0 $0 $0
Common Stock Issuance — — — — — $0 $0 — — — $0
Common Stock Payments — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m) ($11.0m)
Issuance Of Capital Stock — — — — — $0 $0 — — — $0
Net Common Stock Issuance — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m) ($11.0m)
Repurchase Of Capital Stock — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m) ($11.0m)
Dividends paid — — — — — $0 $0 $355.0m $0 $0 $0
Proceeds from (Payments for) Other Financing Activities $0 $1.0m $3.0m $0 $0 — — — — — —
Net Other Financing Charges — — — — — — $6.0m ($66.0m) ($72.0m) $137.0m $127.0m
Net Cash Provided by (Used in) Financing Activities ($438.0m)
($308.0m) +29.68%
$667.0m +316.56%
$318.0m -52.32%
($4.0b) -1372.01%
$2.7b +166.43%
($360.0m) -113.40%
$3.5b +1073.89%
($781.0m) -122.28%
$1.9b +337.90%
$10.0m -99.46%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($6.0m) $181.0m ($166.0m) $165.0m ($135.0m) ($139.0m) $16.0m $2.0m ($47.0m) $21.0m $700.0m
Beginning Cash Position — — — — — — $626.0m $642.0m $644.0m $597.0m $603.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($6.0m) $901.0m $735.0m $900.0m $765.0m $626.0m $642.0m $644.0m $597.0m $618.0m $700.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($6.0m) — ($16.0m) $13.0m $42.0m ($11.0m) ($32.0m) $14.0m ($31.0m) $31.0m ($13.0m)
Effect Of Exchange Rate Changes — — — — — — ($32.0m) $14.0m ($31.0m) $31.0m ($13.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $509.0m $503.0m $509.0m $543.0m $988.0m $1.3b $1.3b —
Income Taxes Paid, Net $60.0m $58.0m $53.0m $93.0m $44.0m $75.0m $192.0m $169.0m $50.0m $121.0m —
Additional Financial Items
Derivative, Gain (Loss) on Derivative, Net $58.0m ($91.0m) $48.0m ($11.0m) ($109.0m) — — — — — —
Goodwill $1.0b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $518.0m
Income Tax Expense (Benefit) $116.0m ($150.0m) $102.0m ($15.0m) ($272.0m) $425.0m $880.0m $279.0m ($810.0m) $66.0m —
Operating Costs and Expenses $4.4b $4.5b $4.6b $4.7b $3.3b $4.3b $5.3b $5.7b $6.0b $5.9b —
Operating Lease, Lease Income — — — $9.0b $5.2b $9.2b $11.8b $11.8b $11.5b $11.4b —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $4.0m $2.0m ($2.0m) ($3.0m) $8.0m — — — — — —
Payments of Financing Costs $20.0m $9.0m $15.0m $7.0m $26.0m $24.0m $7.0m $22.0m $28.0m $17.0m —
Proceeds from Noncontrolling Interests — — — — — $38.0m $40.0m $0 $0 $183.0m —
Proceeds from Stock Options Exercised — — $2.0m — — — — — — — —
Cash Flow From Continuing Financing Activities — — — — — — ($360.0m) $3.5b ($781.0m) $1.9b $10.0m
Cash Flow From Continuing Investing Activities — — — — — — ($4.3b) ($7.3b) ($2.8b) ($5.2b) ($2.8b)
Change In Account Payable — — — — — — $217.0m ($72.0m) $63.0m $110.0m ($104.0m)
Change In Cash Supplemental As Reported — — — — — — $16.0m $2.0m ($47.0m) $21.0m —
Change In Other Working Capital — — — — — — $6.0m ($81.0m) $45.0m ($31.0m) ($31.0m)
Change In Payable — — — — — — $217.0m ($72.0m) $63.0m $110.0m ($104.0m)
Changes In Cash — — — — — — $48.0m ($12.0m) ($16.0m) ($10.0m) $97.0m
End Cash Position — — — — — — $642.0m $644.0m $597.0m $618.0m $700.0m
Financing Cash Flow — — — — — — ($360.0m)
$3.5b +1073.89%
($781.0m) -122.28%
$1.9b +337.90%
$10.0m -99.46%
Free Cash Flow — — — — — — ($6.0b) ($11.6b) ($6.5b) ($12.0b) ($11.4b)
Gain Loss On Sale Of PPE — — — — — — ($1.0b) ($656.0m) $167.0m $238.0m ($120.0m)
Investing Cash Flow — — — — — — ($4.3b) ($7.3b) ($2.8b) ($5.2b) ($2.8b)
Net Investment Purchase And Sale — — — — — — ($134.0m) ($235.0m) ($97.0m) ($289.0m) ($59.0m)
Net PPE Purchase And Sale — — — — — — ($4.1b) ($7.1b) ($2.7b) ($4.9b) ($2.7b)
Operating Gains Losses — — — — — — ($1.0b) ($651.0m) $188.0m $244.0m ($114.0m)
Other Non Cash Items — — — — — — ($29.0m) $23.0m ($4.0m) $157.0m —
Provisionand Write Offof Assets — — — — — — $234.0m $348.0m $496.0m $351.0m $312.0m
Purchase Of Investment — — — — — — ($439.0m) ($541.0m) ($798.0m) ($1.1b) ($908.0m)
Purchase Of PPE — — — — — — ($10.7b) ($15.5b) ($10.1b) ($15.3b) ($14.3b)
Sale Of Investment — — — — — — $305.0m $306.0m $701.0m $783.0m $849.0m
Sale Of PPE — — — — — — $6.6b $8.4b $7.4b $10.4b $11.6b
Stock Based Compensation — — — — — — $25.0m $30.0m $19.0m $19.0m $14.0m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.