Avis 2012 Annual Report Download - page 105

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F-49
As of December 31, 2011
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
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 stockholder’s
equity
$
901
$
3,674
$
3,416
$
10,321
$
(5,374)
$
12,938