Avis 2010 Annual Report Download - page 118

Table of Contents
Consolidating Condensed Statements of Cash Flows
For the Year Ended December 31, 2010
F
-
54
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Total
Net cash provided by (used in)
operating activities
$
72
$
61
$
(263
)
$
1,470
$
300
$
1,640
Investing activities
Property and equipment additions
-
(13
)
(42
)
(6
)
-
(61
)
Proceeds received on asset sales
-
12
-
2
-
14
Net assets acquired (net of cash
acquired) and acquisition-related
payments
-
-
-
(2
)
-
(2
)
Other, net
(3
)
(3
)
-
-
-
(6
)
Net cash (used in) investing activities
exclusive of vehicle programs
(3
)
(4
)
(42
)
(6
)
-
(55
)
Vehicle programs:
Decrease in program cash
-
-
-
162
-
162
Investment in vehicles
-
(20
)
-
(8,011
)
-
(8,031
)
Proceeds received on disposition of
vehicles
-
34
9
6,276
-
6,319
Investment in debt securities of
AESOP
-
related party
(570
)
-
-
-
-
(570
)
Investment in debt securities of
AESOP
-
related party
570
-
-
-
-
570
Other, net
-
-
-
2
-
2
-
14
9
(1,571
)
-
(1,548
)
Net cash provided by (used in)
investing activities
(3
)
10
(33
)
(1,577
)
-
(1,603
)
Financing activities
Proceeds from borrowings
-
1,046
-
-
-
1,046
Principal payments on borrowings
-
(684
)
(4
)
-
-
(688
)
Net intercompany transactions
(62
)
80
332
(50
)
(300
)
-
Debt financing fees
-
(46
)
-
-
-
(46
)
Other, net
8
2
-
-
-
10
Net cash provided by (used in)
financing activities exclusive of
vehicle programs
(54
)
398
328
(50
)
(300
)
322
Vehicle programs:
Proceeds from borrowings
-
-
-
9,355
-
9,355
Principal payments on borrowings
-
(1
)
(31
)
(9,120
)
-
(9,152
)
Net change in short
-
term borrowings
-
-
-
(110
)
-
(110
)
Debt financing fees
-
(25
)
(5
)
(5
)
-
(35
)
-
(26
)
(36
)
120
-
58
Net cash provided by (used in)
financing activities
(54
)
372
292
70
(300
)
380
Effect of changes in exchange rates on
cash and cash equivalents
-
-
-
12
-
12
Net increase (decrease) in cash and cash
equivalents
15
443
(4
)
(25
)
-
429
Cash and cash equivalents, beginning of
period
242
70
7
163
-
482
Cash and cash equivalents, end of
period
$
257
$
513
$
3
$
138
$
-
$
911