AVIS BUDGET GROUP INC

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

CAR$118.83-1.3%Stored close · as of Nov 6, 2026

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Contents

Financial Statement

Item 1. Financial Statements

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In millions, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenues	$3,048	$3,123	$5,599	$5,680
Expenses
Operating	1,532	1,475	2,876	2,782
Vehicle depreciation and lease charges, net	733	375	1,369	640
Selling, general and administrative	348	378	673	702
Vehicle interest, net	244	172	483	305
Non-vehicle related depreciation and amortization	58	52	119	108
Interest expense related to corporate debt, net:
Interest expense	88	68	171	141
Early extinguishment of debt	1	—	1	—
Restructuring and other related charges	14	1	17	5
Transaction-related costs, net	1	—	2	—
Other (income) expense, net	2	4	3	2
Total expenses	3,021	2,525	5,714	4,685
Income (loss) before income taxes	27	598	(115)	995
Provision for (benefit from) income taxes	12	162	(17)	247
Net income (loss)	15	436	(98)	748
Less: net income attributable to non-controlling interests	1	1	2	1
Net income (loss) attributable to Avis Budget Group, Inc.	$14	$435	$(100)	$747
Comprehensive income (loss) attributable to Avis Budget Group, Inc.	$19	$456	$(139)	$758
Earnings (loss) per share
Basic	$0.41	$11.13	$(2.80)	$19.16
Diluted	$0.41	$11.01	$(2.80)	$18.93

ContentsView on SEC.gov

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