Avis 2012 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2012 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 129

  • 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

F-46
For the Year Ended December 31, 2011
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Total
Revenues
Vehicle rental
$
-
$
-
$
3,393
$
945
$
-
$
4,338
Other
2
-
1,006
1,702
(1,148)
1,562
Net revenues
2
-
4,399
2,647
(1,148)
5,900
Expenses
Operating
3
8
2,241
773
-
3,025
Vehicle depreciation and lease
charges, net
-
-
921
868
(566)
1,223
Selling, general and administrative
11
-
564
181
-
756
Vehicle interest, net
-
(1)
243
296
(252)
286
Non-vehicle related depreciation and
amortization
-
-
78
17
-
95
Interest expense related to corporate
debt, net:
Interest expense
10
208
-
1
-
219
Intercompany interest expense
(income)
(14)
(205)
215
4
-
-
Transaction-related costs
71
56
-
128
-
255
Restructuring charges
-
-
2
3
-
5
Total expenses
81
66
4,264
2,271
(818)
5,864
Income (loss) before income taxes
and equity in earnings of
subsidiaries
(79)
(66)
135
376
(330)
36
Provision for (benefit) from income
taxes
(27)
(22)
66
48
-
65
Equity in earnings (loss) of subsidiaries
23
67
(2)
-
(88)
-
Net income (loss)
$
(29)
$
23
$
67
$
328
$
(418)
$
(29)
Comprehensive income
$
(43)
$
7
$
50
$
358
$
(415)
$
(43)