Avis 2012 Annual Report Download - page 106

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F-50
Consolidating Condensed Statements of Cash Flows
For the Year Ended December 31, 2012
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries
Eliminations
Total
Net cash provided by (used in)
operating activities
$
(33)
$
262
$
10
$
1,650
$
-
$
1,889
Investing activities
Property and equipment additions
-
(26)
(43)
(63)
-
(132)
Proceeds received on asset sales
-
8
3
10
-
21
Net assets acquired
-
-
(1)
(68)
-
(69)
Other, net
4
(4)
(1)
(8)
-
(9)
Net cash (used in) investing activities
exclusive of vehicle programs
4
(22)
(42)
(129)
-
(189)
Vehicle programs:
Decrease in program cash
-
-
-
(13)
-
(13)
Investment in vehicles
-
(4)
(20)
(11,043)
-
(11,067)
Proceeds received on disposition of
vehicles
-
3
2
9,191
-
9,196
-
(1)
(18)
(1,865)
-
(1,884)
Net cash provided by (used in)
investing activities
4
(23)
(60)
(1,994)
-
(2,073)
Financing activities
Proceeds from long-term borrowings
-
1,152
-
-
-
1,152
Principal payments on long-term
borrowings
(222)
(1,268)
(11)
-
-
(1,501)
Net change in short term borrowings
-
-
-
10
-
10
Debt financing fees
-
(16)
-
-
-
(16)
Purchase of warrants
(29)
-
-
-
-
(29)
Proceeds from sale of call options
43
-
-
-
-
43
Net intercompany transactions
239
(239)
60
(60)
-
-
Other, net
1
-
-
-
-
1
Net cash provided by (used in)
financing activities exclusive of
vehicle programs
32
(371)
49
(50)
-
(340)
Vehicle programs:
Proceeds from borrowings
-
-
-
12,108
-
12,108
Principal payments on borrowings
-
-
-
(11,490)
-
(11,490)
Debt financing fees
-
-
-
(28)
-
(28)
-
-
-
590
-
590
Net cash provided by (used in)
financing activities
32
(371)
49
540
-
250
Effect of changes in exchange rates on
cash and cash equivalents
-
-
-
6
-
6
Net increase (decrease) in cash and
cash equivalents
3
(132)
(1)
202
-
72
Cash and cash equivalents, beginning
of period
2
234
1
297
-
534
Cash and cash equivalents, end of
period
$
5
$
102
$
-
$
499
$
-
$
606