Avis 2014 Annual Report Download - page 113

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F-46
For the Year Ended December 31, 2012
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Total
Revenues
Vehicle rental $ — $ — $ 3,491 $1,806 $—$
5,297
Other 1 — 1,052 2,130 (1,123)2,060
Net revenues 1 — 4,543 3,936 (1,123)7,357
Expenses
Operating — 5 2,305 1,514 —3,824
Vehicle depreciation and lease charges,
net — — 902 996 (427)1,471
Selling, general and administrative 21 — 573 331 —925
Vehicle interest, net — — 234 300 (237)297
Non-vehicle related depreciation and
amortization — 2 75 48 — 125
Interest expense related to corporate
debt, net:
Interest expense 9 246 —13—
268
Intercompany interest expense
(income) (18) (314)277 55 — —
Early extinguishment of debt 44 31 — — — 75
Restructuring expense — — 3 35 — 38
Transaction-related costs, net 4 1 1 28 — 34
Total expenses 60 (29)4,370 3,320 (664)7,057
Income (loss) before income taxes and
equity in earnings of subsidiaries (59) 29 173 616 (459)300
Provision for (benefit from) income taxes (8) (106)72 52 — 10
Equity in earnings of subsidiaries 341 206 105 —(652)—
Net income $ 290 $ 341 $206 $564 $(1,111)$ 290
Comprehensive income $ 322 $ 373 $237 $594 $(1,204)$ 322