Avis 2014 Annual Report Download - page 75
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137
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F-8
Avis Budget Group, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In millions)
Common Stock Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
Income (Loss)
Treasury Stock Total
Stockholders’
Equity
Shares Amount Shares Amount
Balance at January 1, 2012 137.0 $ 1 $ 8,532 $ (2,666) $ 78 (31.6) $ (5,533) $ 412
Comprehensive income:
Net income — — — 290 — — —
Other comprehensive income —— — — 32——
Total comprehensive income 322
Net activity related to restricted stock
units 0.1 — (202) — — 0.8 212 10
Exercise of stock options — — (130) — — 0.8 130 —
Activity related to employee stock
purchase plan —— (2) — —— 2 —
Repurchase of warrants —— (29) — ——— (29)
Sale of call options, net of tax of $(1) —— 42 — ——— 42
Balance at December 31, 2012 137.1 $ 1 $ 8,211 $ (2,376) $ 110 (30.0) $ (5,189) $ 757
Comprehensive income:
Net income —— — 16 ———
Other comprehensive income —— — — 7——
Total comprehensive income 23
Net activity related to restricted stock
units — — (197) — — 0.4 207 10
Exercise of stock options — — (155) — — 0.9 157 2
Realization of tax benefits for stock-
based awards —— 3 — ——— 3
Activity related to employee stock
purchase plan —— (1) — —— 2 1
Repurchase of warrants —— (78) — ——— (78)
Sale of call options, net of tax of $(1) — — 110 — — (0.2) (7) 103
Repurchase of common stock — — — — — (1.6) (50) (50)
Balance at December 31, 2013 137.1 $ 1 $ 7,893 $ (2,360) $ 117 (30.5) $ (4,880) $ 771
Comprehensive income:
Net income — — — 245 — — —
Other comprehensive loss — — — — (139) — —
Total comprehensive income 106
Net activity related to restricted stock
units — — (143) — — 0.7 153 10
Exercise of stock options — — (20) — — 0.1 20 —
Realization of tax benefits for stock-
based awards —— 12 — ——— 12
Activity related to employee stock
purchase plan —— (1) — —— 1 —
Issuance of common stock -
conversion of convertible debt — — (529) — — 4.0 595 66
Repurchase of common stock —— — — —(5.7)
(300)(300)
Balance at December 31, 2014 137.1 $ 1 $ 7,212 $ (2,115) $ (22) (31.4) $ (4,411) $ 665
See Notes to Consolidated Financial Statements.