For the quarter ending 2025-09-30, HTZ had $420M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) | 184 | -294 | -443 | -479 |
| Depreciation and reserves for revenue earning vehicles, net | 503 | 458 | -2,595 | 3,983 |
| Depreciation and amortization, non-vehicle | 29 | 29 | 30 | 32 |
| Amortization of deferred financing costs and debt discount (premium) | 21 | 20 | 20 | 20 |
| Non-cash paid-in-kind ('pik') interest on exchangeable notes | 10 | 0 | 11 | - |
| Stock-based compensation charges | 14 | 16 | 16 | 15 |
| Stock-based compensation forfeitures | 0 | 0 | -68 | 68 |
| Provision for receivables allowance | 33 | 28 | 25 | 26 |
| Deferred income taxes, net | 60 | -24 | 255 | -459 |
| Long-lived assets impairment | 0 | - | - | 0 |
| (gain) loss on sale of non-vehicle capital assets | 39 | 86 | 3 | 1 |
| Change in fair value of public warrants | 6 | 115 | 9 | -3 |
| Changes in financial instruments | 32 | -104 | 0 | -15 |
| Other | -4 | 5 | 4 | -24 |
| Non-vehicle receivables | -62 | 127 | -43 | -68 |
| Prepaid expenses and other assets | -23 | 19 | 34 | -28 |
| Operating lease right-of-use assets | 323 | 105 | -168 | 386 |
| Non-vehicle accounts payable | 15 | 21 | 7 | 4 |
| Accrued liabilities | -79 | 117 | 21 | 14 |
| Accrued taxes, net | -1 | -34 | 38 | -46 |
| Operating lease liabilities | -96 | -95 | -113 | -109 |
| Self-insured liabilities | 21 | 7 | -80 | 152 |
| Net cash provided by (used in) operating activities | 835 | 346 | 251 | 414 |
| Revenue earning vehicles expenditures | 1,903 | 3,049 | -5,011 | 10,524 |
| Proceeds from disposal of revenue earning vehicles | 1,720 | 2,126 | -2,532 | 7,678 |
| Non-vehicle capital asset expenditures | 26 | 22 | 22 | 24 |
| Proceeds from disposal of non-vehicle capital assets | 51 | 99 | 27 | 4 |
| Collateral returned in exchange for letters of credit | - | - | - | 0 |
| Return of (investment in) equity investments | 0 | 0 | 0 | -2 |
| Net cash provided by (used in) investing activities | -158 | -846 | -718 | 338 |
| Proceeds from issuance of debt-Vehicle Related Service | 850 | 2,648 | -2,133 | 3,873 |
| Repayments of debt-Vehicle Related Service | 1,295 | 1,606 | -1,896 | 4,827 |
| Proceeds from issuance of debt-Non Vehicle Related Service | 775 | 156 | -2,570 | 4,646 |
| Repayments of debt-Non Vehicle Related Service | 519 | 579 | -1,954 | 2,966 |
| Payment of financing costs | 27 | 28 | 13 | 9 |
| Proceeds from exercises of public warrants | - | - | - | 0 |
| Share repurchases | - | - | - | 0 |
| Purchase of capped call transactions 2030, net | 38 | - | - | - |
| Other | -2 | -4 | -3 | 0 |
| Net cash provided by (used in) financing activities | -256 | 587 | 346 | -498 |
| Effect of foreign currency exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | -1 | 21 | 9 | -26 |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents during the period | 420 | 108 | -112 | 228 |
| Cash and cash equivalents at beginning of period | 1,129 | 1,021 | 1,132 | 905 |
| Cash and cash equivalents at end of period | 1,549 | 1,129 | 1,021 | 1,132 |
HERTZ GLOBAL HOLDINGS, INC (HTZ)
HERTZ GLOBAL HOLDINGS, INC (HTZ)