Avis Budget Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-889	-1,821	1,632	2,764	1,285
Depreciation & Amortization	1,220	1,249	1,121	987	973
Other Amortization	2,801	2,806	2,369	1,858	1,540
Loss (Gain) From Sale of Assets	238	167	-656	-1,019	-361
Asset Writedown & Restructuring Costs	518	2,470	-	-	-
Stock-Based Compensation	19	19	30	25	30
Other Operating Activities	-750	-1,531	-472	-34	-219
Change in Accounts Receivable	60	51	-43	-97	-143
Change in Accounts Payable	110	63	-72	217	414
Change in Income Taxes	-31	45	-81	6	-28
Operating Cash Flow	3,296	3,518	3,828	4,707	3,491
Operating Cash Flow Growth	-6.31%	-8.10%	-18.67%	34.83%	405.21%
Capital Expenditures	-4,868	-2,668	-7,055	-4,131	-6,085
Sale of Property, Plant & Equipment	2	3	3	2	3
Cash Acquisitions	-	-3	-65	-3	-46
Investment in Securities	-289	-97	-235	-134	-175
Other Investing Activities	-9	12	6	-33	-3
Investing Cash Flow	-5,164	-2,753	-7,346	-4,299	-6,306
Short-Term Debt Issued	-	-	-	-	1
Long-Term Debt Issued	27,553	22,904	24,916	18,148	15,567
Total Debt Issued	27,553	22,904	24,916	18,148	15,568
Short-Term Debt Repaid	-	-	-	-1	-
Long-Term Debt Repaid	-25,825	-23,543	-20,038	-15,184	-11,410
Total Debt Repaid	-25,825	-23,543	-20,038	-15,185	-11,410
Net Debt Issued (Repaid)	1,728	-639	4,878	2,963	4,158
Repurchase of Common Stock	-7	-70	-951	-3,329	-1,460
Other Financing Activities	137	-72	-66	6	-11
Financing Cash Flow	1,858	-781	3,506	-360	2,687
Foreign Exchange Rate Adjustments	31	-31	14	-32	-11
Net Cash Flow	21	-47	2	16	-139
Free Cash Flow	-1,572	850	-3,227	576	-2,594
Free Cash Flow Margin	-13.49%	7.21%	-26.87%	4.80%	-27.85%
Free Cash Flow Per Share	-44.66	23.94	-83.17	11.90	-39.24
Cash Interest Paid	1,297	1,273	988	543	509
Cash Income Tax Paid	121	50	169	192	75
Levered Free Cash Flow	-925	1,481	-2,590	1,147	-2,145
Unlevered Free Cash Flow	-131.38	2,255	-1,965	1,521	-1,846
Change in Working Capital	139	159	-196	126	243

Source: S&P Global Market Intelligence. Standard template. Financial Sources.