For the year ending 2025-12-31, CAR had $21M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | -995 |
| Vehicle depreciation | 2,657 |
| Amortization of right-of-use assets | 1,081 |
| (gain) loss on sale of vehicles, net | -238 |
| Vehicle related reserves | 351 |
| Non-vehicle related depreciation and amortization | 231 |
| Amortization of debt financing fees | 52 |
| Early extinguishment of debt costs | -6 |
| Long-lived asset impairment and other related charges | 518 |
| Deferred income taxes | -24 |
| Stock-based compensation | 19 |
| Receivables | -60 |
| Income taxes | -31 |
| Accounts payable and other current liabilities | 110 |
| Operating lease liabilities | -1,082 |
| Other, net | -105 |
| Net cash provided by operating activities | 3,296 |
| Property and equipment additions | 218 |
| Proceeds received on asset sales | 2 |
| Net assets acquired (net of cash acquired) | 0 |
| Other, net | 9 |
| Net cash used in investing activities exclusive of vehicle programs | -225 |
| Investment in vehicles | 15,056 |
| Proceeds received on disposition of vehicles | 10,406 |
| Investment in debt securities of avis budget rental car funding (aesop) llc related party | 1,072 |
| Proceeds from debt securities of avis budget rental car funding (aesop) llc related party | 783 |
| Vehicle programs | 4,939 |
| Net cash used in investing activities | -5,164 |
| Proceeds from borrowings (original maturities greater than three months) | 1,580 |
| Payments on borrowings (original maturities greater than three months) | 1,111 |
| Debt financing fees | 17 |
| Repurchases of common stock | 7 |
| Contributions from non-controlling interests | 183 |
| Dividends paid | 0 |
| Net cash provided by (used in) financing activities exclusive of vehicle programs | 628 |
| Proceeds from borrowings | 25,973 |
| Payments on borrowings | 24,714 |
| Debt financing fees | 29 |
| Net cash provided by financing activities of vehicle programs | 1,230 |
| Net cash provided by (used in) financing activities | 1,858 |
| Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash | 31 |
| Net increase (decrease) in cash and cash equivalents, program and restricted cash | 21 |
| Cash and cash equivalents, program and restricted cash, beginning of period | 597 |
| Cash and cash equivalents, program and restricted cash, end of period | 618 |
AVIS BUDGET GROUP, INC. (CAR)
AVIS BUDGET GROUP, INC. (CAR)