Avis 2010 Annual Report Download - page 120

Table of Contents
For the Year Ended December 31, 2008
F
-
56
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Total
Net cash provided by (used in)
operating activities
$
(7
)
$
74
$
159
$
1,512
$
(34
)
$
1,704
Investing activities
Property and equipment
additions
-
(20
)
(53
)
(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
Other, net
(4
)
(3
)
(11
)
1
-
(17
)
Net cash provided by (used
in) investing activities
exclusive of vehicle
programs
(4
)
(13
)
(131
)
(23
)
-
(171
)
Vehicle programs:
Increase 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
Other, net
-
-
-
(28
)
-
(28
)
-
(20
)
(6
)
(1,899
)
-
(1,925
)
Net cash provided by (used
in) investing activities
(4
)
(33
)
(137
)
(1,922
)
-
(2,096
)
Financing activities
Principal payments on
borrowings
(1
)
(9
)
-
-
-
(10
)
Repurchase of common stock
(33
)
-
-
-
-
(33
)
Net intercompany transactions
19
(20
)
61
(94
)
34
-
Debt financing fees
-
(29
)
-
-
-
(29
)
Other, net
-
1
-
-
-
1
Net cash provided by (used
in) financing activities
exclusive of vehicle
programs
(15
)
(57
)
61
(94
)
34
(71
)
Vehicle programs:
Proceeds from
borrowings
-
30
-
8,446
-
8,476
Principal payments on
borrowings
-
(30
)
(78
)
(7,952
)
-
(8,060
)
Net change in short
-
term
borrowings
-
-
-
152
-
152
Debt financing fees
-
(32
)
(2
)
-
-
(34
)
-
(32
)
(80
)
646
-
534
Net cash provided by (used
in) financing activities
(15
)
(89
)
(19
)
552
34
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