For the quarter ending 2026-03-31, CAR had $33M increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -234 | -856 | 360 | -499 |
| Vehicle depreciation | 650 | 632 | 675 | 1,350 |
| Amortization of right-of-use assets | 309 | 271 | 277 | 533 |
| (gain) loss on sale of vehicles, net | 10 | 11 | 31 | -280 |
| Vehicle related reserves | 71 | 88 | 88 | 175 |
| Early extinguishment of debt costs | - | - | -3 | -3 |
| Non-vehicle related depreciation and amortization | 58 | 57 | 58 | 116 |
| Amortization of debt financing fees | 12 | 13 | 12 | 27 |
| Early extinguishment of debt costs | - | -6 | - | - |
| Long-lived asset impairment and other related charges | - | 518 | - | - |
| Deferred income taxes | - | -24 | - | - |
| Stock-based compensation | 1 | 3 | 4 | 12 |
| Receivables | -46 | -40 | -76 | 56 |
| Income taxes and deferred income taxes | -120 | 121 | 68 | -220 |
| Accounts payable and other current liabilities | -5 | -182 | 57 | 235 |
| Operating lease liabilities | -308 | -270 | -277 | -535 |
| Other, net | 36 | -37 | -33 | -35 |
| Net cash provided by operating activities | 434 | 437 | 1,403 | 1,456 |
| Property and equipment additions | 41 | 82 | 51 | 85 |
| Proceeds received on asset sales | 1 | 0 | 0 | 2 |
| Net assets acquired (net of cash acquired) | 13 | 0 | 0 | 0 |
| Other, net | -8 | 9 | 0 | - |
| Net cash used in investing activities exclusive of vehicle programs | -45 | -91 | -51 | -83 |
| Investment in vehicles | 3,482 | 3,470 | 2,831 | 8,755 |
| Proceeds received on disposition of vehicles | 3,785 | 3,200 | 2,220 | 4,986 |
| Investment in debt securities of avis budget rental car funding (aesop) llcrelated party | 294 | 264 | 199 | 609 |
| Proceeds from debt securities of avis budget rental car funding (aesop) llcrelated party | 464 | 115 | 163 | 505 |
| Net cash used in investing activities of vehicle programs | -473 | 419 | 647 | 3,873 |
| Net cash provided by (used in) investing activities | 428 | -510 | -698 | -3,956 |
| Proceeds from long-term borrowings | - | - | 479 | 1,100 |
| Proceeds from borrowings (original maturities greater than three months) | 0 | 1,580 | - | - |
| Payments on long-term borrowings | - | - | 495 | 610 |
| Payments on borrowings (original maturities greater than three months) | 10 | 1,111 | - | - |
| Repurchases of common stock | 7 | 3 | 1 | 3 |
| Debt financing fees | 0 | 2 | 3 | 12 |
| Contributions from non-controlling interests | - | 171 | 12 | - |
| Dividends paid | - | 0 | - | - |
| Net cash provided by (used in) financing activities exclusive of vehicle programs | -17 | 161 | -8 | 475 |
| Proceeds from borrowings | 6,624 | 6,613 | 5,274 | 14,086 |
| Payments on borrowings | 7,413 | 6,718 | 5,921 | 12,075 |
| Debt financing fees | 16 | 5 | 9 | 15 |
| Net cash provided by financing activities of vehicle programs | -805 | -110 | -656 | 1,996 |
| Net cash provided by (used in) financing activities | -822 | 51 | -664 | 2,471 |
| Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash | -7 | 1 | -5 | 35 |
| Net increase in cash and cash equivalents, program and restricted cash | 33 | -21 | 36 | 6 |
| Cash and cash equivalents, program and restricted cash, beginning of period | 618 | 639 | 597 | - |
| Cash and cash equivalents, program and restricted cash, end of period | 651 | 618 | 639 | - |
AVIS BUDGET GROUP, INC. (CAR)
AVIS BUDGET GROUP, INC. (CAR)