Avis 2015 Annual Report Download - page 119

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F-50
For the Year Ended December 31, 2013
Parent Subsidiary
Issuers Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Total
Net cash provided by (used in)
operating activities $ (3) $ 562 $ 26 $ 1,736 $(68) $ 2,253
Investing activities
Property and equipment additions — (26)(69)(57) — (152)
Proceeds received on asset sales — 7 4 11 — 22
Net assets acquired (net of cash acquired) — (564) 8 19 — (537)
Intercompany loan receipts (advances) — 233 60 — (293) —
Other, net 146 (50) 48 4 (146)2
Net cash provided by (used in)
investing activities exclusive of
vehicle programs 146 (400) 51 (23)(439)(665)
Vehicle programs:
Increase in program cash — — — (79) — (79)
Investment in vehicles — (44) (2) (10,853) — (10,899)
Proceeds received on disposition of
vehicles — 40 — 9,369 —9,409
— (4) (2) (1,563) — (1,569)
Net cash provided by (used in)
investing activities 146 (404) 49 (1,586) (439)(2,234)
Financing activities
Proceeds from long-term borrowings — 2,647 —325 —2,972
Payments on long-term borrowings (115)(2,489) (3) (1) — (2,608)
Net change in short-term borrowings — — — (36) — (36)
Debt financing fees — (30) — (7) — (37)
Purchases of warrants (78) — — — — (78)
Proceeds from sale of call options 104 — — — — 104
Repurchases of common stock (48) — — — — (48)
Intercompany loan borrowings (payments) — — (60)(233)293 —
Other, net 3 (146) — (68)214 3
Net cash provided by (used in)
financing activities exclusive of
vehicle programs (134)(18)(63)(20)507 272
Vehicle programs:
Proceeds from borrowings — — — 12,953 —12,953
Payments on borrowings — — — (13,115) — (13,115)
Debt financing fees — — — (34) — (34)
———(196) — (196)
Net cash provided by (used in)
financing activities (134)(18)(63)(216)507 76
Effect of changes in exchange rates on
cash and cash equivalents — — — (8) — (8)
Net increase (decrease) in cash and cash
equivalents 9140 12 (74) — 87
Cash and cash equivalents, beginning of
period 5102 —499 —606
Cash and cash equivalents, end of
period $ 14 $ 242 $ 12 $ 425 $ — $ 693