Avis 2015 Annual Report Download - page 115
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F-46
Consolidating Condensed Balance Sheets
As of December 31, 2015
Parent Subsidiary
Issuers Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Total
Assets
Current assets:
Cash and cash equivalents $ 4 $ 70 $ — $ 378 $ — $ 452
Receivables, net — — 212 456 —668
Other current assets 2 78 83 344 —507
Total current assets 6 148 295 1,178 —1,627
Property and equipment, net — 134 345 202 —681
Deferred income taxes 20 1,246 253 —(31)1,488
Goodwill — — 487 486 —973
Other intangibles, net — 30 525 362 —917
Other non-current assets 93 15 17 107 —232
Intercompany receivables 160 367 1,070 696 (2,293) —
Investment in subsidiaries 272 3,426 3,680 —(7,378) —
Total assets exclusive of assets under
vehicle programs 551 5,366 6,672 3,031 (9,702)5,918
Assets under vehicle programs:
Program cash — — — 258 —258
Vehicles, net — 18 78 10,562 —10,658
Receivables from vehicle manufacturers
and other ———438 —438
Investment in Avis Budget Rental Car
Funding (AESOP) LLC-related party ———362 —362
— 18 78 11,620 —11,716
Total assets $ 551 $ 5,384 $6,750 $14,651 $(9,702) $ 17,634
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and other current
liabilities $ 24 $ 180 $471 $810 $ — $ 1,485
Short-term debt and current portion of
long-term debt — 14 5 7 — 26
Total current liabilities 24 194 476 817 —1,511
Long-term debt — 2,932 2501 —3,435
Other non-current liabilities 88 85 237 355 (31)734
Intercompany payables — 1,897 336 60 (2,293) —
Total liabilities exclusive of liabilities under
vehicle programs 112 5,108 1,051 1,733 (2,324)5,680
Liabilities under vehicle programs:
Debt — 4 74 1,986 —2,064
Due to Avis Budget Rental Car Funding
(AESOP) LLC-related party ———6,796 —6,796
Deferred income taxes — — 2,199 168 —2,367
Other — — — 288 —288
— 4 2,273 9,238 —11,515
Total stockholders’ equity 439 272 3,426 3,680 (7,378)439
Total liabilities and stockholders’ equity $ 551 $ 5,384 $6,750 $14,651 $(9,702) $ 17,634