Avis 2012 Annual Report Download - page 104

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F-48
Consolidating Condensed Balance Sheets
As of December 31, 2012
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Total
Assets
Current assets:
Cash and cash equivalents
$
5
$
102
$
-
$
499
$
-
$
606
Receivables, net
-
-
156
397
-
553
Deferred income taxes
3
1
138
4
-
146
Other current assets
5
73
81
246
-
405
Total current assets
13
176
375
1,146
-
1,710
Property and equipment, net
-
90
276
163
-
529
Deferred income taxes
23
1,216
223
-
(8)
1,454
Goodwill
-
-
74
301
-
375
Other intangibles, net
-
43
341
347
-
731
Other non-current assets
109
80
14
117
-
320
Intercompany receivables (payables)
142
141
174
(457)
-
-
Investment in subsidiaries
723
2,030
3,293
-
(6,046)
-
Total assets exclusive of assets under
vehicle programs
1,010
3,776
4,770
1,617
(6,054)
5,119
Assets under vehicle programs:
Program cash
-
-
-
24
-
24
Vehicles, net
-
7
13
9,254
-
9,274
Receivables from vehicle
manufacturers and other
-
-
-
439
-
439
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related party
-
-
-
362
-
362
-
7
13
10,079
-
10,099
Total Assets
$
1,010
$
3,783
$
4,783
$
11,696
$
(6,054)
$
15,218
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current
liabilities
$
22
$
250
$
490
$
659
$
-
$
1,421
Short-term debt and current portion
of long-term debt
-
13
3
41
-
57
Total current liabilities
22
263
493
700
-
1,478
Long-term debt
128
2,712
8
-
-
2,848
Other non-current liabilities
103
79
277
420
(8)
871
Total liabilities exclusive of liabilities
under vehicle programs
253
3,054
778
1,120
(8)
5,197
Liabilities under vehicle programs:
Debt
-
4
-
1,599
-
1,603
Due to Avis Budget Rental Car
Funding (AESOP) LLC-related
party
-
-
-
5,203
-
5,203
Deferred income taxes
-
-
1,975
188
-
2,163
Other
-
2
-
293
-
295
-
6
1,975
7,283
-
9,264
Total stockholders’ equity
757
723
2,030
3,293
(6,046)
757
Total liabilities and stockholder’s
equity
$
1,010
$
3,783
$
4,783
$
11,696
$
(6,054)
$
15,218