Avis 2009 Annual Report Download - page 122

Table of Contents
For the Year Ended December 31, 2007
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Total
Net cash provided by (used in)
operating activities
$
18
$
(21
)
$
(40
)
$
1,973
$
(216
)
$
1,714
Investing activities
Property and equipment
additions
-
(30
)
(53
)
(11
)
-
(94
)
Net assets acquired, net of cash
acquired, and acquisition-
related payments
-
-
(11
)
-
-
(11
)
Proceeds received on asset
sales
-
13
3
3
-
19
Proceeds received from sale of
investment
106
-
-
-
-
106
Proceeds from (paid to)
Realogy and Wyndham, net
(108
)
-
-
-
-
(108
)
Proceeds from disposition of
businesses, net of
transaction
-
related payments
-
-
-
-
-
-
Purchase of equity investment
(60
)
-
-
-
-
(60
)
Other, net
-
(6
)
(7
)
-
-
(13
)
Net cash provided by (used
in) investing activities
exclusive of vehicle
programs
(62
)
(23
)
(68
)
(8
)
-
(161
)
Vehicle programs:
Decrease (increase) in
program cash
-
-
-
13
-
13
Investment in vehicles
-
(45
)
(87
)
(10,501
)
-
(10,633
)
Proceeds received on
disposition of vehicles
-
228
50
8,586
-
8,864
Others, net
-
-
-
-
-
-
-
183
(37
)
(1,902
)
-
(1,756
)
Net cash provided by (used
in) investing activities
(62
)
160
(105
)
(1,910
)
-
(1,917
)
Financing activities
Principal payments on
borrowings
(3
)
(42
)
-
-
-
(45
)
Issuances of common stock
50
-
-
-
-
50
Net intercompany transactions
2
(115
)
181
(284
)
216
-
Other, net
(3
)
2
-
-
-
(1
)
Net cash provided by (used
in) financing activities
exclusive of vehicle
programs
46
(155
)
181
(284
)
216
4
Vehicle programs:
Proceeds from borrowings
-
48
-
10,517
-
10,565
Principal payments on
borrowings
-
(2
)
(52
)
(10,182
)
-
(10,236
)
Net change in short-term
borrowings
-
-
-
(86
)
-
(86
)
Other, net
-
(6
)
(1
)
(1
)
-
(8
)
-
40
(53
)
248
-
235
Net cash provided by (used
in) financing activities
46
(115
)
128
(36
)
216
239
Effect of changes in exchange
rates on cash and cash
equivalents
-
-
-
6
-
6
Net increase (decrease) in cash