← HERTZ GLOBAL HOLDINGS, 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 | — | — | — | — | — | — | $2.1b | $452.0m | ($3.1b) | ($703.0m) | |
| Net Income (Loss) Attributable to Parent | ($491.0m) | $327.0m | ($225.0m) | ($58.0m) | ($1.7b) | $366.0m | $2.1b | $616.0m | ($2.9b) | ($747.0m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($491.0m) | $327.0m | ($227.0m) | ($50.0m) | ($1.7b) | ($84.0m) | $2.1b | $616.0m | ($2.9b) | ($747.0m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($491.0m) | $327.0m | ($227.0m) | ($50.0m) | ($1.7b) | $365.0m | $2.1b | $616.0m | ($2.9b) | ($747.0m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | ($225.0m) | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($474.0m) | $327.0m | ($227.0m) | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($17.0m) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($2.0m) | — | ($9.0m) | ($1.0m) | $0 | $0 | — | — | |
| Depreciation, Depletion and Amortization | — | — | $129.0m | $122.0m | $129.0m | $196.0m | $142.0m | $149.0m | $139.0m | $117.0m | |
| Amortization of Debt Issuance Costs | $45.0m | $46.0m | $50.0m | $52.0m | $59.0m | $122.0m | $53.0m | $61.0m | $74.0m | $86.0m | |
| Amortization of Debt Issuance Costs and Discounts | $45.0m | $46.0m | $50.0m | $52.0m | $59.0m | $122.0m | $53.0m | $61.0m | $74.0m | $86.0m | |
| Amortization of Intangible Assets | $98.0m | $97.0m | $89.0m | $81.0m | $96.0m | $88.0m | $45.0m | $48.0m | $25.0m | $22.0m | |
| Depreciation | — | — | $129.0m | $122.0m | $129.0m | $108.0m | $97.0m | $101.0m | $115.0m | $95.0m | |
| Depreciation, Nonproduction | $265.0m | $240.0m | $218.0m | $203.0m | $225.0m | $196.0m | $142.0m | $149.0m | $139.0m | $117.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $951.0m | $2.6b | $4.1b | $2.3b | |
| Deferred Income Tax Expense (Benefit) | ($78.0m) | ($922.0m) | ($66.0m) | $27.0m | ($351.0m) | $273.0m | $317.0m | ($380.0m) | ($459.0m) | ($132.0m) | |
| Deferred Income Tax | — | — | — | — | — | — | $301.0m | ($380.0m) | ($459.0m) | ($132.0m) | |
| Deferred Tax | — | — | — | — | — | — | $301.0m | ($380.0m) | ($459.0m) | ($132.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $13.0m | $19.0m | $14.0m | $18.0m | ($2.0m) | $10.0m | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $13.0m | $19.0m | $14.0m | $18.0m | ($2.0m) | — | $130.0m | $87.0m | $63.0m | $63.0m | |
| Goodwill and Intangible Asset Impairment | $292.0m | $86.0m | $0 | $0 | $213.0m | — | — | — | — | — | |
| Goodwill, Impairment Loss | ($172.0m) | — | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $213.0m | $0 | $0 | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $1.0b | $0 | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | $4.0m | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | ($2.0m) | ($1.0m) | $39.0m | $24.0m | ($8.0m) | ($5.0m) | ($162.0m) | $3.0m | ($144.0m) | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $400.0m | $0 | $0 | $0 | $144.0m | |
| Gain (Loss) on Disposition of Other Assets | — | ($2.0m) | ($1.0m) | ($39.0m) | ($24.0m) | $8.0m | $5.0m | $162.0m | ($3.0m) | $144.0m | |
| Gain (Loss) on Extinguishment of Debt | ($55.0m) | ($13.0m) | ($22.0m) | ($43.0m) | ($5.0m) | ($8.0m) | $0 | $0 | — | — | |
| Income Tax Expense (Benefit) | $4.0m | ($902.0m) | ($30.0m) | $63.0m | ($329.0m) | $318.0m | $390.0m | ($330.0m) | ($375.0m) | ($83.0m) | |
| Operating Lease, Lease Income | — | — | — | $9.4b | $5.0b | $7.2b | $8.5b | $9.1b | $8.8b | $8.3b | |
| Other Nonoperating Income (Expense) | $75.0m | ($19.0m) | $40.0m | $59.0m | $9.0m | $21.0m | ($2.0m) | ($12.0m) | ($4.0m) | $3.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $174.0m | $75.0m | $136.0m | $88.0m | ($195.0m) | $210.0m | $264.0m | $216.0m | ($23.0m) | $11.0m | |
| Increase (Decrease) in Accounts Payable | $31.0m | $20.0m | $70.0m | $65.0m | $98.0m | ($70.0m) | $43.0m | ($48.0m) | ($14.0m) | $12.0m | |
| Goodwill | $1.1b | $1.1b | $1.1b | $1.1b | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | |
| Payments of Financing Costs | $75.0m | $59.0m | $47.0m | $53.0m | $75.0m | $185.0m | $48.0m | $41.0m | $64.0m | $82.0m | |
| Proceeds from Contributions from Affiliates | — | — | $60.0m | $49.0m | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $0 | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | $0 | $0 | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $8.8b | $362.0m | $269.0m | $171.0m | $230.0m | $237.0m | $239.0m | $244.0m | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | ($117.0m) | — | $37.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $2.7b | $1.4b | $1.2b | $1.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $487.0m | $1.3b | $658.0m | $372.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($4.2b) | ($4.0b) | ($2.9b) | ($2.0b) | |
| Change In Account Payable | — | — | — | — | — | — | $43.0m | ($48.0m) | ($14.0m) | $12.0m | |
| Change In Accrued Expense | — | — | — | — | — | — | $80.0m | ($39.0m) | $324.0m | $63.0m | |
| Change In Income Tax Payable | — | — | — | — | — | — | $73.0m | $3.0m | $18.0m | ($35.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $280.0m | $365.0m | $386.0m | $437.0m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($290.0m) | ($397.0m) | ($265.0m) | ($381.0m) | |
| Change In Payable | — | — | — | — | — | — | $116.0m | ($45.0m) | $4.0m | ($23.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $196.0m | ($84.0m) | $328.0m | $40.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($126.0m) | ($39.0m) | $8.0m | ($12.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($264.0m) | ($216.0m) | $23.0m | ($11.0m) | |
| Change In Tax Payable | — | — | — | — | — | — | $73.0m | $3.0m | $18.0m | ($35.0m) | |
| Change In Working Capital | — | — | — | — | — | — | ($204.0m) | ($371.0m) | $480.0m | $73.0m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($264.0m) | ($216.0m) | $23.0m | ($11.0m) | |
| Changes In Cash | — | — | — | — | — | — | ($1.2b) | ($237.0m) | ($47.0m) | $2.0m | |
| End Cash Position | — | — | — | — | — | — | $1.4b | $1.2b | $1.1b | $1.2b | |
| Financing Cash Flow | — | — | — | — | — | — | $487.0m | $1.3b | $658.0m | $372.0m | |
| Free Cash Flow | — | — | — | — | — | — | ($8.2b) | ($7.2b) | ($8.4b) | ($8.7b) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($815.0m) | $117.0m | $7.0m | ($37.0m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($400.0m) | $0 | $0 | — | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($5.0m) | ($162.0m) | $0 | ($144.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($4.2b) | ($4.0b) | ($2.9b) | ($2.0b) | |
| Issuance Of Capital Stock | — | — | — | — | — | $3.1b | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | $871.0m | ($16.0m) | ($1.0m) | ($1.0m) | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $6.5b | $5.7b | $7.7b | $8.3b | |
| Net Preferred Stock Issuance | — | — | — | — | — | ($450.0m) | $0 | $0 | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($820.0m) | ($45.0m) | $7.0m | ($181.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $64.0m | $67.0m | $48.0m | $113.0m | |
| Preferred Stock Issuance | — | — | — | — | — | $1.4b | $0 | $0 | — | — | |
| Preferred Stock Payments | — | — | — | — | — | ($1.9b) | $0 | $0 | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $77.0m | $3.0m | $0 | $0 | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $57.0m | $93.0m | $120.0m | $127.0m | |
| Purchase Of Business | — | — | — | — | — | $0 | ($16.0m) | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($2.5b) | ($315.0m) | $0 | $0 | |
| Sale Of Business | — | — | — | — | — | $871.0m | $0 | $0 | — | — | |
| Sale Of PPE | — | — | — | — | — | — | $6.5b | $5.7b | $7.7b | $8.3b | |
| Stock Based Compensation | — | — | — | — | — | — | $130.0m | $87.0m | ($5.0m) | $63.0m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | $12.0m | — | — | — | — | ($7.0m) | $37.0m | |
| Net Cash Provided by (Used in) Operating Activities | $2.5b | $2.4b | $2.6b | $2.9b | $953.0m | $1.8b | $2.5b | $2.5b | $2.2b | $1.6b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($10.7b) | ($9.7b) | ($10.6b) | ($10.3b) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($10.7b) | ($9.7b) | ($10.6b) | ($10.3b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.0m | $15.0m | $2.0m | $1.0m | — | — | — | — | — | — | |
| Payments to Acquire Investments | — | — | $60.0m | — | — | — | — | — | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | |
| Gain (Loss) on Sale of Investments | $84.0m | $3.0m | $20.0m | $30.0m | $0 | $0 | ($5.0m) | ($162.0m) | $3.0m | ($144.0m) | |
| Sale Of Investment | — | — | — | — | — | $0 | $0 | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $4.0m | ($1.0m) | $1.0m | $1.0m | $0 | $0 | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $19.0m | ($1.0m) | ($1.0m) | ($1.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.0b) | ($3.1b) | ($4.2b) | ($4.4b) | $4.6b | ($3.5b) | ($4.2b) | ($4.0b) | ($2.9b) | ($2.0b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $9.7b | $12.9b | $14.6b | $16.0b | $6.4b | $19.0b | $9.7b | $8.5b | $8.5b | $8.4b | |
| Issuance Of Debt | — | — | — | — | — | — | $9.7b | $8.5b | $8.5b | $8.4b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $9.7b | $8.5b | $8.5b | $8.4b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $3.0b | $1.7b | $726.0m | $503.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $3.0b | $1.7b | $726.0m | $503.0m | |
| Repayments of Long-term Debt | $9.7b | — | — | — | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($6.7b) | ($6.9b) | ($7.8b) | ($7.9b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($6.7b) | ($6.9b) | ($7.8b) | ($7.9b) | |
| Proceeds from Issuance of Common Stock | — | — | — | $748.0m | $28.0m | $0 | $0 | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $1.6b | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($2.5b) | ($315.0m) | $0 | $0 | |
| Payments for Repurchase of Common Stock | $100.0m | $0 | $0 | — | — | $654.0m | $2.5b | $315.0m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($2.5b) | ($315.0m) | $0 | $0 | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | — | ($38.0m) | $0 | $0 | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | ($239.0m) | $0 | $0 | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | $0 | ($2.0m) | ($3.0m) | ($2.0m) | $0 | ($20.0m) | ($9.0m) | ($4.0m) | ($11.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($68.0m) | ($9.0m) | ($4.0m) | ($49.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($183.0m) | $988.0m | $1.6b | $1.5b | ($5.4b) | $2.8b | $487.0m | $1.3b | $658.0m | $372.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($14.0m) | $1.0m | $46.0m | ($34.0m) | ($25.0m) | $25.0m | ($26.0m) | $32.0m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($25.0m) | $25.0m | ($26.0m) | $32.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($50.0m) | $218.0m | $1.1b | ($1.2b) | ($212.0m) | ($73.0m) | $34.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.4b | $1.4b | $1.5b | $2.7b | $1.4b | $1.2b | $1.1b | $1.2b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.2b) | ($212.0m) | ($74.0m) | $35.0m | |
| Interest Paid CFF | — | — | — | — | — | — | — | ($41.0m) | ($64.0m) | ($82.0m) | |
| Income Taxes Paid, Net | — | — | — | — | ($11.0m) | $40.0m | $78.0m | $33.0m | $53.0m | $80.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.