Avis 2009 Annual Report Download - page 117

Table of Contents
For the Year Ended December 31, 2007
F
-
55
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Total
Revenues
Vehicle rental
$
-
$
-
$
4,047
$
620
$
-
$
4,667
Other
7
-
967
2,178
(1,833
)
1,319
Net revenues
7
-
5,014
2,798
(1,833
)
5,986
Expenses
Operating
1
-
2,555
477
-
3,033
Vehicle depreciation and
lease charges, net
-
-
1,353
1,535
(1,317
)
1,571
Selling, general and
administrative
14
-
560
84
-
658
Vehicle interest, net
-
-
293
322
(300
)
315
Non-vehicle related
depreciation and
amortization
1
-
76
7
-
84
Interest expense related to
corporate debt, net:
Interest expense
(3
)
132
-
(2
)
-
127
Intercompany interest
expense (income)
-
(132
)
132
-
-
-
Impairment
-
4
1,180
11
-
1,195
Separation costs
(10
)
5
-
-
-
(5
)
Total expenses
3
9
6,149
2,434
(1,617
)
6,978
Income (loss) before
income taxes and equity
in earnings of
subsidiaries
4
(9
)
(1,135
)
364
(216
)
(992
)
Provision (benefit) for
income taxes
(3
)
(91
)
(6
)
55
-
(45
)
Equity in earnings (loss) of
subsidiaries
(954
)
(1,035
)
94
-
1,895
-
Income (loss) from
continuing operations
(947
)
(953
)
(1,035
)
309
1,679
(947
)
Income (loss) from
Discontinued operations,
net of tax
31
-
-
-
-
31
Net income (loss)
$
(916
)
$
(953
)
$
(1,035
)
$
309
$
1,679
$
(916
)