Avis 2011 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2011 Avis annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

TABLE OF CONTENTS
Item Description Page
PART I
1 Business 1
1A Risk Factors 14
1B Unresolved Staff Comments 24
2 Properties 24
3 Legal Proceedings 25
4 Mine Safety Disclosures 25
PART II
5 Market for Registrant’s Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities 26
6 Selected Financial Data 29
7 Management’s Discussion and Analysis of Financial Condition and Results of Operations 31
7A Quantitative and Qualitative Disclosures about Market Risk 44
8 Financial Statements and Supplementary Data 45
9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 45
9A Controls and Procedures 45
9B Other Information 47
PART III
10 Directors, Executive Officers and Corporate Governance 47
11 Executive Compensation 47
12 Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters 47
13 Certain Relationships and Related Transactions, and Director Independence 47
14 Principal Accountant Fees and Services 47
PART IV
15 Exhibits and Financial Statement Schedules 47
Signatures 48