Avis 2008 Annual Report Download - page 121

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Consolidating Condensed Statements of Cash Flows
For the Year Ended December 31, 2008
F
-
58
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Total
Net cash provided by (used in) operating
activities
$
(8
)
$
106
$
126
$
1,512
$
(32
)
$
1,704
Investing activities
Property and equipment additions
-
(52
)
(21
)
(10
)
-
(83
)
Net assets acquired, net of cash
acquired, and acquisition-related
payments
-
-
(72
)
(16
)
-
(88
)
Proceeds received on asset sales
-
10
5
2
-
17
Payments received from Realogy and
Wyndham, net
(3
)
-
-
-
-
(3
)
Other, net
(1
)
(3
)
(11
)
1
-
(14
)
Net cash provided by (used in)
investing activities exclusive of
vehicle programs
(4
)
(45
)
(99
)
(23
)
-
(171
)
Vehicle programs:
Decrease in program cash
-
(8
)
-
(3
)
-
(11
)
Investment in vehicles
-
(129
)
(9
)
(8,470
)
-
(8,608
)
Proceeds received on disposition
of vehicles
-
117
3
6,602
-
6,722
Investment in Avis Budget Rental
Car Funding (AESOP) LLC
-
-
-
(28
)
-
(28
)
-
(20
)
(6
)
(1,899
)
-
(1,925
)
Net cash provided by (used in)
investing activities
(4
)
(65
)
(105
)
(1,922
)
-
(2,096
)
Financing activities
Principal payments on borrowings
(1
)
(9
)
-
-
-
(10
)
Repurchase of common stock
(33
)
-
-
-
-
(33
)
Net intercompany transactions
20
(20
)
62
(94
)
32
-
Other, net
-
(28
)
-
-
-
(28
)
Net cash provided by (used in)
financing activities exclusive of
vehicle programs
(14
)
(57
)
62
(94
)
32
(71
)
Vehicle programs:
Proceeds from borrowings
-
30
-
8,446
-
8,476
Principal payments on borrowings
-
(30
)
(78
)
(7,952
)
-
(8,060
)
-
term
borrowings
-
-
-
152
-
152
Other, net
-
(32
)
(2
)
-
-
(34
)
-
(32
)
(80
)
646
-
534
Net cash provided by (used in)
financing activities
(14
)
(89
)
(18
)
552
32
463
Effect of changes in exchange rates on
cash and cash equivalents
-
-
-
(27
)
-
(27
)
Net increase (decrease) in cash and cash
equivalents
(26
)
(48
)
3
115
-
44
Cash and cash equivalents, beginning of
period
37
99
12
66
-
214
Cash and cash equivalents, end of period
$
11
$
51
$
15
$
181
$
-
$
258