Avis 2011 Annual Report Download - page 103
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F-49
Consolidating Condensed Balance Sheets
As of December 31, 2011
Subsidiary Guarantor Non-Guarantor
Parent
Issuers Subsidiaries Subsidiaries Eliminations Total
Assets
Current assets:
Cash and cash equivalents $ 2 $ 234 $ 1 $ 297 $ - $ 534
Receivables, net - 61 140 306 - 507
Deferred income taxes 8 - 129 3 (20) 120
Other current assets 7 63 76 251 (17) 380
Total current assets 17 358 346 857 (37) 1,541
Property and equipment, net - 70 295 128 - 493
Deferred income taxes 36 177 229 2 - 444
Goodwill - - 74 279 - 353
Other intangibles, net - 44 342 327 - 713
Other non-current assets 124 92 5 83 - 304
Intercompany receivables (payables) 348 1,158 (1,071) (435) - -
Investment in subsidiaries 376 1,769 3,192 - (5,337) -
Total assets exclusive of assets under
vehicle programs 901 3,668 3,412 1,241 (5,374) 3,848
Assets under vehicle programs:
Program cash - - - 11 - 11
Vehicles, net - 6 4 8,346 - 8,356
Receivables from vehicle manufacturers
and other - - - 380 - 380
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related party - - - 343 - 343
-
6 4 9,080 - 9,090
Total assets $ 901 $ 3,674 $ 3,416 $ 10,321 $ (5,374) $ 12,938
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current
liabilities $ 32 $ 284 $ 531 $ 620 $ (34) $ 1,433
Short-term debt and current portion
of long-term debt - 8 2 27 - 37
Total current liabilities 32 292 533 647 (34) 1,470
Long-term debt 345 2,814 9 - - 3,168
Other non-current liabilities 112 211 262 375 - 960
Total liabilities exclusive of liabilities
under vehicle programs 489 3,317 804 1,022 (34) 5,598
Liabilities under vehicle programs:
Debt - 3 - 987 - 990
Due to Avis Budget Rental Car
Funding (AESOP) LLC-related party - - - 4,574 - 4,574
Deferred income taxes - - 843 139 - 982
Other - - - 382 - 382
-
3 843 6,082 - 6,928
Total stockholders’ equity 412 354 1,769 3,217 (5,340) 412
Total liabilities and stockholders’
equity $ 901 $ 3,674 $ 3,416 $ 10,321 $ (5,374) $ 12,938