Avis 2010 Annual Report Download - page 67

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,
2010
2009
2008
Revenues
Vehicle rental
$
3,882
$
3,906
$
4,564
Other
1,303
1,225
1,420
Net revenues
5,185
5,131
5,984
Expenses
Operating
2,616
2,636
3,147
Vehicle depreciation and lease charges, net
1,287
1,425
1,697
Selling, general and administrative
583
551
655
Vehicle interest, net
304
294
321
Non
-
vehicle related depreciation and amortization
90
96
88
Interest expense related to corporate debt, net:
Interest expense
170
153
129
Early extinguishment of debt
52
-
-
Restructuring charges
11
20
28
Impairment
-
33
1,262
Total expenses
5,113
5,208
7,327
Income (loss) before income taxes
72
(77
)
(1,343
)
Provision for (benefit from) income taxes
18
(30
)
(219
)
Net income (loss)
$
54
$
(47
)
$
(1,124
)
Earnings (loss) per share
Basic
$
0.53
$
(0.46
)
$
(11.04
)
Diluted
$
0.49
$
(0.46
)
$
(11.04
)