Avis 2015 Annual Report Download - page 77

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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, 2013 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
Change in excess tax benefit on
equity 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 income — — — — (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 —
Change in excess tax benefit on
equity 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
Comprehensive income:
Net income — — — 313 — — —
Other comprehensive loss — — — — (125) — —
Total comprehensive income 188
Net activity related to restricted stock
units — — (191) — — 0.9 178 (13)
Exercise of stock options — — (3) — — — 3 —
Change in excess tax benefit on
equity awards — — (7) — — — — (7)
Activity related to employee stock
purchase plan — — (1) — — — 1 —
Repurchase of common stock — — — — — (8.8) (394)(394)
Balance at December 31, 2015 137.1 $ 1 $ 7,010 $ (1,802) $ (147) (39.3) $ (4,623) $ 439
See Notes to Consolidated Financial Statements.