| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income (loss) | -553 | -737 | -443 | -2,383 |
| Depreciation and reserves for revenue earning vehicles, net | 1,585 | 1,082 | 624 | 3,219 |
| Depreciation and amortization, non-vehicle | 88 | 59 | 30 | 107 |
| Amortization of deferred financing costs and debt discount (premium) | 61 | 40 | 20 | 54 |
| Non-cash paid-in-kind ('pik') interest on exchangeable notes | 21 | 11 | 11 | - |
| Stock-based compensation charges | 46 | 32 | 16 | 48 |
| Stock-based compensation forfeitures | 0 | 0 | 0 | 68 |
| Provision for receivables allowance | 86 | 53 | 25 | 94 |
| Deferred income taxes, net | -88 | -148 | -124 | -379 |
| Long-lived assets impairment | 0 | - | - | 1,048 |
| (gain) loss on sale of non-vehicle capital assets | 128 | 89 | 3 | -4 |
| Change in fair value of public warrants | 130 | 124 | 9 | -272 |
| Changes in financial instruments | -72 | -104 | 0 | 8 |
| Other | 5 | 9 | 4 | -5 |
| Non-vehicle receivables | 22 | 84 | -43 | 45 |
| Prepaid expenses and other assets | 30 | 53 | 34 | 20 |
| Operating lease right-of-use assets | 323 | 218 | 113 | 281 |
| Non-vehicle accounts payable | 43 | 28 | 7 | -18 |
| Accrued liabilities | 59 | 138 | 21 | 310 |
| Accrued taxes, net | 3 | 4 | 38 | 64 |
| Operating lease liabilities | -304 | -208 | -113 | -308 |
| Self-insured liabilities | 35 | 14 | 7 | 87 |
| Net cash provided by (used in) operating activities | 1,432 | 597 | 251 | 1,810 |
| Revenue earning vehicles expenditures | 7,799 | 5,896 | 2,847 | 7,858 |
| Proceeds from disposal of revenue earning vehicles | 5,970 | 4,250 | 2,124 | 4,656 |
| Non-vehicle capital asset expenditures | 70 | 44 | 22 | 81 |
| Proceeds from disposal of non-vehicle capital assets | 177 | 126 | 27 | 19 |
| Return of (investment in) equity investments | 0 | 0 | 0 | 3 |
| Net cash provided by (used in) investing activities | -1,722 | -1,564 | -718 | -3,267 |
| Proceeds from issuance of debt-Vehicle Related Service | 4,624 | 3,774 | 1,126 | 3,259 |
| Repayments of debt-Vehicle Related Service | 4,285 | 2,990 | 1,384 | 3,280 |
| Proceeds from issuance of debt-Non Vehicle Related Service | 1,831 | 1,056 | 900 | 3,470 |
| Repayments of debt-Non Vehicle Related Service | 1,378 | 859 | 280 | 2,234 |
| Payment of financing costs | 68 | 41 | 13 | 55 |
| Share repurchases | - | - | - | 0 |
| Purchase of capped call transactions 2030, net | 38 | - | - | - |
| Other | -9 | -7 | -3 | -4 |
| Net cash provided by (used in) financing activities | 677 | 933 | 346 | 1,156 |
| Effect of foreign currency exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | 29 | 30 | 9 | 0 |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents during the period | 416 | -4 | -112 | -301 |
| Cash and cash equivalents at beginning of period | 1,132 | 1,132 | 1,132 | 1,206 |
| Cash and cash equivalents at end of period | 1,549 | 1,129 | 1,021 | 905 |
HERTZ GLOBAL HOLDINGS, INC (HTZWW)
HERTZ GLOBAL HOLDINGS, INC (HTZWW)