Avis 2014 Annual Report Download - page 114
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F-47
Consolidating Condensed Balance Sheets
As of December 31, 2014
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Total
Assets
Current assets:
Cash and cash equivalents $ 2 $ 210 $—$
412 $—$
624
Receivables, net — — 177 422 —599
Deferred income taxes — 23 102 34 — 159
Other current assets 3 86 78 289 —456
Total current assets 5 319 357 1,157 —1,838
Property and equipment, net — 112 325 201 —638
Deferred income taxes 19 1,199 138 —(4)
1,352
Goodwill — — 487 355 —842
Other intangibles, net — 38 545 303 —886
Other non-current assets 104 81 22 148 —355
Intercompany receivables 205 344 978 672 (2,199)—
Investment in subsidiaries 468 3,072 3,316 —(6,856)—
Total assets exclusive of assets under
vehicle programs 801 5,165 6,168 2,836 (9,059)5,911
Assets under vehicle programs:
Program cash — — — 119 —119
Vehicles, net — 7 87 10,121 —10,215
Receivables from vehicle manufacturers
and other —1—
361 —362
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related party ———
362 —362
—887
10,963 —11,058
Total assets $801$
5,173 $6,255 $13,799 $(9,059)$ 16,969
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current
liabilities $39$
200 $462 $790 $—$
1,491
Short-term debt and current portion of
long-term debt —13 411 —28
Total current liabilities 39 213 466 801 —1,519
Long-term debt — 2,825 6561 —3,392
Other non-current liabilities 97 100 232 341 (4) 766
Intercompany payables — 1,558 313 328 (2,199)—
Total liabilities exclusive of liabilities under
vehicle programs 136 4,696 1,017 2,031 (2,203)5,677
Liabilities under vehicle programs:
Debt — 9 84 1,683 —1,776
Due to Avis Budget Rental Car Funding
(AESOP) LLC-related party ———
6,340 —6,340
Deferred income taxes — — 2,082 185 —2,267
Other — — — 244 —244
—9
2,166 8,452 —10,627
Total stockholders’ equity 665 468 3,072 3,316 (6,856)665
Total liabilities and stockholders’ equity $801$
5,173 $6,255 $13,799 $(9,059)$ 16,969