Avis 2013 Annual Report Download - page 122
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F-50
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 142 972 546 96 (1,756)—
Investment in subsidiaries 723 2,030 3,293 —(6,046)—
Total assets exclusive of assets under
vehicle programs 1,010 4,607 5,142 2,170 (7,810)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
—713
10,079 —10,099
Total assets $1,010 $4,614 $5,155 $12,249 $(7,810)$ 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 —13 341—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
Intercompany payables — 831 372 553 (1,756)—
Total liabilities exclusive of liabilities under
vehicle programs 253 3,885 1,150 1,673 (1,764)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 stockholders’ equity $1,010 $4,614 $5,155 $12,249 $(7,810)$ 15,218