Avis 2009 Annual Report Download - page 65

Table of Contents
Avis Budget Group, Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share data)
See Notes to Consolidated Financial Statements.
F
-
3
Year Ended December 31,
2009
2008
2007
Revenues
Vehicle rental
$
3,906
$
4,564
$
4,667
Other
1,225
1,420
1,319
Net revenues
5,131
5,984
5,986
Expenses
Operating
2,636
3,147
3,033
Vehicle depreciation and lease charges, net
1,425
1,697
1,571
Selling, general and administrative
551
655
658
Vehicle interest, net
294
321
315
Non
-
vehicle related depreciation and amortization
96
88
84
Interest expense related to corporate debt, net
153
129
127
Restructuring charges
20
28
-
Impairment
33
1,262
1,195
Separation costs, net
-
-
(5
)
Total expenses
5,208
7,327
6,978
Loss before income taxes
(77
)
(1,343
)
(992
)
Benefit from income taxes
(30
)
(219
)
(45
)
Loss from continuing operations
(47
)
(1,124
)
(947
)
Loss from discontinued operations, net of tax
-
-
(2
)
Gain on disposal of discontinued operations, net of tax
-
-
33
Net loss
$
(47
)
$
(1,124
)
$
(916
)
Earnings (loss) per share, basic and diluted:
Loss from continuing operations
$
(0.46
)
$
(11.04
)
$
(9.18
)
Net loss
(0.46
)
(11.04
)
(8.88
)