Avis 2014 Annual Report Download - page 115
Download and view the complete annual report
Please find page 115 of the 2014 Avis annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
 |
 |
F-48
As of December 31, 2013
Parent
Subsidiary
Issuers
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Total
Assets
Current assets:
Cash and cash equivalents $ 14 $ 242 $12$
425 $—$
693
Receivables, net — — 150 469 —619
Deferred income taxes 1 — 156 21 (1) 177
Other current assets 4 80 82 289 —455
Total current assets 19 322 400 1,204 (1) 1,944
Property and equipment, net — 109 312 193 —614
Deferred income taxes 20 1,142 141 —(4)
1,299
Goodwill — — 342 349 —691
Other intangibles, net — 41 519 363 —923
Other non-current assets 104 96 18 143 —361
Intercompany receivables 145 210 853 331 (1,539)—
Investment in subsidiaries 671 2,900 3,347 —(6,918)—
Total assets exclusive of assets under
vehicle programs 959 4,820 5,932 2,583 (8,462)5,832
Assets under vehicle programs:
Program cash — — — 116 —116
Vehicles, net — 10 9 9,563 —9,582
Receivables from vehicle manufacturers
and other ———
391 —391
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related party ———
363 —363
—10 9
10,433 —10,452
Total assets $959$
4,830 $5,941 $13,016 $(8,462)$ 16,284
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current
liabilities $25$
238 $487 $730 $(1)$
1,479
Short-term debt and current portion of
long-term debt 65 14 3 7 — 89
Total current liabilities 90 252 490 737 (1) 1,568
Long-term debt — 2,955 6344 —3,305
Other non-current liabilities 98 96 221 436 (4) 847
Intercompany payables — 844 340 355 (1,539)—
Total liabilities exclusive of liabilities under
vehicle programs 188 4,147 1,057 1,872 (1,544)5,720
Liabilities under vehicle programs:
Debt — 11 — 1,670 —1,681
Due to Avis Budget Rental Car Funding
(AESOP) LLC-related party ———
5,656 —5,656
Deferred income taxes — — 1,984 193 —2,177
Other — 1 — 278 —279
—12
1,984 7,797 —9,793
Total stockholders’ equity 771 671 2,900 3,347 (6,918)771
Total liabilities and stockholders’ equity $959$
4,830 $5,941 $13,016 $(8,462)$ 16,284