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F-8
Avis Budget Group, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
Common Stock
Additional
Paid-in
Accumulated
Accumulated
Other
Comprehensive
Treasury Stock
Total
Stockholders’
Shares
Amount
Capital
Deficit
Income (Loss)
Shares
Amount
Equity
Balance at January 1, 2010
136.9
$
1
$
9,098
$
(2,691)
$
(37)
(34.6)
$
(6,149)
$
222
Comprehensive income:
Net income
-
-
-
54
-
-
-
Other comprehensive income
-
-
-
-
129
-
-
Total comprehensive income
183
Net activity related to restricted stock
units
0.1
-
(88)
-
-
0.4
101
13
Exercise of stock options
-
-
(166)
-
-
1.0
174
8
Reallocation of deferred taxes
-
-
(16)
-
-
-
-
(16)
Post-separation dividend adjustment
-
-
(1)
-
-
-
-
(1)
Other
-
-
1
-
-
-
-
1
Balance at December 31, 2010
137.0
$
1
$
8,828
$
(2,637)
$
92
(33.2)
$
(5,874)
$
410
Comprehensive loss:
Net loss
-
-
-
(29)
-
-
-
Other comprehensive loss
-
-
-
-
(14)
-
-
Total comprehensive loss
(43)
Net activity related to restricted
stock units
-
-
(111)
-
-
0.4
124
13
Exercise of stock options
-
-
(215)
-
-
1.2
217
2
Realization of tax benefits for stock-
based awards
-
-
30
-
-
-
-
30
Balance at January 1, 2012
137.0
$
1
$
8,532
$
(2,666)
$
78
(31.6)
$
(5,533)
$
412
Comprehensive income:
Net income
-
-
-
290
-
-
-
Other comprehensive income
-
-
-
-
32
-
-
Total comprehensive income
322
Net activity related to restricted stock
units
0.1
-
(202)
-
-
0.8
212
10
Exercise of stock options
-
-
(130)
-
-
0.8
130
-
Activity related to employee stock
purchase plan
-
-
(2)
-
-
-
2
-
Repurchase of warrants
-
-
(29)
-
-
-
-
(29)
Sale of call options, net of tax of $(1)
-
-
42
-
-
-
-
42
Balance at December 31, 2012
137.1
$
1
$
8,211
$
(2,376)
$
110
(30.0)
$
(5,189)
$
757
See Notes to Consolidated Financial Statements