Avis 2006 Annual Report Download - page 104

Table of Contents
21. Segment Information
The reportable segments presented below represent the Company’s operating segments for which separate financial information is
available and is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In
identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management
evaluates the operating results of each of its reportable segments based upon revenue and “EBITDA,” which is defined as income from
continuing operations before non-vehicle related depreciation and amortization, non-vehicle interest and income taxes. The Company’s
presentation of EBITDA may not be comparable to similarly-titled measures used by other companies.
Year Ended December 31, 2006
Year Ended December 31, 2005
F
-
47
Domestic
Car Rental
International
Car Rental
Truck
Rental
Corporate
and Other
(c)
Total
Net revenues
(a)
$
4,395
$
761
$
472
$
61
$
5,689
Vehicle depreciation and lease
charges, net
1,145
178
93
-
1,416
Vehicle interest, net
272
22
26
-
320
EBITDA
214
111
45
(393
)
(23
)
Non
-vehicle depreciation and
amortization
78
6
2
19
105
Segment assets exclusive of assets
under vehicle programs
3,096
919
314
1,242
5,571
Assets under vehicle programs
6,400
798
502
-
7,700
Capital expenditures
63
18
2
12
95
Domestic
Car Rental
International
Car Rental
Truck
Rental
Corporate
and Other
(c)
Total
Net revenues
(a)
$
4,109
$
661
$
546
$
84
$
5,400
Vehicle depreciation and lease charges, net
1,022
144
72
-
1,238
Vehicle interest, net
271
13
25
-
309
EBITDA
225
111
103
(213
)
226
Non
-
vehicle depreciation and amortization
73
5
2
36
116
Segment assets exclusive of assets under vehicle programs
(b)
2,993
876
318
1,294
5,481
Assets under vehicle programs
7,217
771
512
-
8,500
Capital expenditures
75
11
2
58
146