Avis Budget Group Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-2,100	-1,821	1,632	2,764	1,285	-684
Depreciation & Amortization	1,225	1,249	1,121	987	973	1,118
Other Amortization	2,894	2,806	2,369	1,858	1,540	1,476
Loss (Gain) From Sale of Assets	296	167	-656	-1,019	-361	-157
Asset Writedown & Restructuring Costs	2,470	2,470	-	-	-	-
Stock-Based Compensation	21	19	30	25	30	9
Other Operating Activities	-1,461	-1,531	-472	-34	-219	-1,006
Change in Accounts Receivable	133	51	-43	-97	-143	115
Change in Accounts Payable	298	63	-72	217	414	-181
Change in Income Taxes	-145	45	-81	6	-28	1
Operating Cash Flow	3,631	3,518	3,828	4,707	3,491	691
Operating Cash Flow Growth	2.60%	-8.10%	-18.67%	34.83%	405.21%	-73.28%
Capital Expenditures	-4,549	-2,668	-7,055	-4,131	-6,085	3,258
Sale of Property, Plant & Equipment	3	3	3	2	3	6
Cash Acquisitions	-	-3	-65	-3	-46	-69
Investment in Securities	-165	-97	-235	-134	-175	-18
Other Investing Activities	-	12	6	-33	-3	-
Investing Cash Flow	-4,711	-2,753	-7,346	-4,299	-6,306	3,177
Short-Term Debt Issued	-	-	-	-	1	-
Long-Term Debt Issued	-	22,904	24,916	18,148	15,567	14,549
Total Debt Issued	25,738	22,904	24,916	18,148	15,568	14,549
Short-Term Debt Repaid	-	-	-	-1	-	-
Long-Term Debt Repaid	-	-23,543	-20,038	-15,184	-11,410	-18,446
Total Debt Repaid	-24,591	-23,543	-20,038	-15,185	-11,410	-18,446
Net Debt Issued (Repaid)	1,147	-639	4,878	2,963	4,158	-3,897
Issuance of Common Stock	-	-	-	-	-	15
Repurchase of Common Stock	-49	-70	-951	-3,329	-1,460	-119
Other Financing Activities	-29	-72	-66	6	-11	-44
Financing Cash Flow	1,069	-781	3,506	-360	2,687	-4,045
Foreign Exchange Rate Adjustments	1	-31	14	-32	-11	42
Net Cash Flow	-10	-47	2	16	-139	-135
Free Cash Flow	-918	850	-3,227	576	-2,594	3,949
Free Cash Flow Margin	-7.85%	7.21%	-26.87%	4.80%	-27.85%	73.10%
Free Cash Flow Per Share	-26.08	23.94	-83.17	11.90	-39.24	56.01
Cash Interest Paid	1,273	1,273	988	543	509	503
Cash Income Tax Paid	50	50	169	192	75	44
Levered Free Cash Flow	-410.63	1,481	-2,587	1,147	-2,145	5,615
Unlevered Free Cash Flow	367.88	2,255	-1,962	1,521	-1,846	5,933
Change in Working Capital	286	159	-196	126	243	-65

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