← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $2.8b $1.6b ($1.8b) ($995.0m)
Net Income (Loss) Attributable to Parent $163.0m $361.0m $165.0m $302.0m ($684.0m) $1.3b $2.8b $1.6b ($1.8b) ($889.0m)
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
Depreciation — — — — — — $2.8b $3.5b $4.0b $4.0b
Depreciation Amortization Depletion — — — — — — $2.8b $3.5b $4.0b $4.0b
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)
Deferred Income Tax — — — — — — $682.0m $191.0m ($905.0m) ($24.0m)
Deferred Tax — — — — — — $682.0m $191.0m ($905.0m) ($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
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
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
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — $0 — — — —
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)
Income (Loss) from Equity Method Investments $0 $0 $0 $0 — — — — — —
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 Lease, Lease Income — — — $9.0b $5.2b $9.2b $11.8b $11.8b $11.5b $11.4b
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
Additional Financial Items
Goodwill $1.0b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b $1.1b
Operating Costs and Expenses $4.4b $4.5b $4.6b $4.7b $3.3b $4.3b $5.3b $5.7b $6.0b $5.9b
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 Stock Options Exercised — — $2.0m — — — — — — —
Beginning Cash Position — — — — — — $626.0m $642.0m $644.0m $597.0m
Cash Flow From Continuing Financing Activities — — — — — — ($360.0m) $3.5b ($781.0m) $1.9b
Cash Flow From Continuing Investing Activities — — — — — — ($4.3b) ($7.3b) ($2.8b) ($5.2b)
Change In Account Payable — — — — — — $217.0m ($72.0m) $63.0m $110.0m
Change In Other Current Liabilities — — — — — — ($879.0m) ($1.0b) ($1.1b) ($1.1b)
Change In Other Working Capital — — — — — — $6.0m ($81.0m) $45.0m ($31.0m)
Change In Payable — — — — — — $217.0m ($72.0m) $63.0m $110.0m
Change In Payables And Accrued Expense — — — — — — $217.0m ($72.0m) $63.0m $110.0m
Change In Receivables — — — — — — ($97.0m) ($43.0m) $51.0m $60.0m
Change In Working Capital — — — — — — ($753.0m) ($1.2b) ($938.0m) ($943.0m)
Changes In Account Receivables — — — — — ($143.0m) ($97.0m) ($43.0m) $51.0m —
Changes In Cash — — — — — — $48.0m ($12.0m) ($16.0m) ($10.0m)
End Cash Position — — — — — — $642.0m $644.0m $597.0m $618.0m
Financing Cash Flow — — — — — — ($360.0m) $3.5b ($781.0m) $1.9b
Free Cash Flow — — — — — — ($6.0b) ($11.6b) ($6.5b) ($12.0b)
Gain Loss On Sale Of PPE — — — — — — ($1.0b) ($656.0m) $167.0m $238.0m
Investing Cash Flow — — — — — — ($4.3b) ($7.3b) ($2.8b) ($5.2b)
Issuance Of Capital Stock — — — — — $0 $0 — — —
Net PPE Purchase And Sale — — — — — — ($4.1b) ($7.1b) ($2.7b) ($4.9b)
Operating Gains Losses — — — — — — ($1.0b) ($651.0m) $188.0m $244.0m
Other Non Cash Items — — — — — — ($29.0m) $23.0m ($4.0m) $157.0m
Provisionand Write Offof Assets — — — — — — $234.0m $348.0m $496.0m $351.0m
Purchase Of PPE — — — — — — ($10.7b) ($15.5b) ($10.1b) ($15.3b)
Repurchase Of Capital Stock — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m)
Sale Of PPE — — — — — — $6.6b $8.4b $7.4b $10.4b
Stock Based Compensation — — — — — — $25.0m $30.0m $19.0m $19.0m
Derivative, Gain (Loss) on Derivative, Net $58.0m ($91.0m) $48.0m ($11.0m) ($109.0m) — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax $4.0m $2.0m ($2.0m) ($3.0m) $8.0m — — — — —
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 $2.6b $2.6b $691.0m $3.5b $4.7b $3.8b $3.5b $3.3b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($10.7b) ($15.5b) ($10.1b) ($15.3b)
Payments to Acquire Businesses, Net of Cash Acquired $55.0m $21.0m $91.0m $77.0m $69.0m $46.0m — — — —
Net Investment Purchase And Sale — — — — — — ($134.0m) ($235.0m) ($97.0m) ($289.0m)
Purchase Of Investment — — — — — — ($439.0m) ($541.0m) ($798.0m) ($1.1b)
Sale Of Investment — — — — — — $305.0m $306.0m $701.0m $783.0m
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)
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)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $18.1b $24.9b $22.9b $27.6b
Long Term Debt Issuance — — — — — — $18.1b $24.9b $22.9b $27.6b
Net Issuance Payments Of Debt — — — — — — $3.0b $4.9b ($639.0m) $1.7b
Net Long Term Debt Issuance — — — — — — $3.0b $4.9b ($639.0m) $1.7b
Net Short Term Debt Issuance — — — — — $1.0m ($1.0m) $0 $0 —
Long Term Debt Payments — — — — — — ($15.2b) ($20.0b) ($23.5b) ($25.8b)
Repayment Of Debt — — — — — — ($15.2b) ($20.0b) ($23.5b) ($25.8b)
Proceeds from Issuance of Common Stock — — — — $15.0m $0 $0 — — —
Common Stock Issuance — — — — — $0 $0 — — —
Net Common Stock Issuance — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m)
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
Common Stock Payments — — — — — — ($3.3b) ($951.0m) ($70.0m) ($7.0m)
Proceeds from Noncontrolling Interests — — — — — $38.0m $40.0m $0 $0 $183.0m
Dividends paid — — — — — $0 $0 $355.0m $0 $0
Cash Dividends Paid — — — — — — $0 ($355.0m) $0 $0
Common Stock Dividend Paid — — — — — — $0 ($355.0m) $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
Net Cash Provided by (Used in) Financing Activities ($438.0m) ($308.0m) $667.0m $318.0m ($4.0b) $2.7b ($360.0m) $3.5b ($781.0m) $1.9b
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
Effect Of Exchange Rate Changes — — — — — — ($32.0m) $14.0m ($31.0m) $31.0m
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
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $16.0m $2.0m ($47.0m) $21.0m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. 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.