Avis 2007 Annual Report Download - page 120
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Table of Contents
Consolidating Condensed Balance Sheets
As of December 31, 2007
F
-
57
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Total
Assets
Current assets:
Cash and cash equivalents
$
37
$
99
$
12
$
66
$
-
$
214
Receivables, net
2
67
220
103
-
392
Deferred income taxes
-
-
73
2
(33
)
42
Other current assets
329
104
82
55
-
570
Total current assets
368
270
387
226
(33
)
1,218
Property and equipment, net
-
175
275
50
-
500
Deferred income taxes
4
223
-
49
(42
)
234
Goodwill
-
3
985
12
-
1,000
Other intangibles, net
-
17
648
95
-
760
Other non
-
current assets
681
72
22
5
-
781
Intercompany receivables (payables)
460
672
(1,007
)
(125
)
-
-
Investment in subsidiaries
841
2,063
2,496
-
(5,400
)
-
Total assets exclusive of assets under
vehicle programs
2,354
3,495
3,806
313
(5,475
)
4,493
Assets under vehicle programs:
Program cash
-
-
-
1
-
1
Vehicles, net
-
-
207
7,267
7,474
Receivables from vehicle
manufacturers and others
-
-
-
276
-
276
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related
party
-
-
-
230
-
230
-
-
207
7,774
-
7,981
Total assets
$
2,354
$
3,495
$
4,013
$
8,087
$
(5,475
)
$
12,474
Liabilities and stockholders
’
equity
Current liabilities:
Accounts payable and other current
liabilities
$
356
$
233
$
433
$
105
$
(33
)
$
1,094
Current portion of long
-
term debt
1
9
-
-
-
10
Total current liabilities
357
242
433
105
(33
)
1,104
Long
-
term debt
-
1,787
-
-
-
1,787
Other non
-
current liabilities
532
110
218
180
(42
)
998
Total liabilities exclusive of liabilities
under vehicle programs
889
2,139
651
285
(75
)
3,889
Liabilities under vehicle programs:
Debt
-
58
204
688
-
950
Due to Avis Budget Rental Car
Funding (AESOP) LLC-related
party
-
-
-
4,646
-
4,646
Deferred income taxes
-
-
1,088
158
-
1,246
Other
-
2
7
269
-
278
-
60
1,299
5,761
-
7,120
Total stockholders
’
equity
1,465
1,296
2,063
2,041
(5,400
)
1,465
Total liabilities and stockholders’
equity
$
2,354
$
3,495
$
4,013
$
8,087
$
(5,475
)
$
12,474