Avis 2013 Annual Report Download - page 120

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F-48
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 expense — — 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 (loss) $(43)$ 7$ 50$358 $(415)$ (43)