Hertz Global Holdings, Inc. (HTZ)

Hertz Global Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-1,032	-2,862	616	2,059	366	-1,714
Depreciation & Amortization	120	139	149	142	196	225
Other Amortization	2,430	4,057	2,483	862	722	2,318
Loss (Gain) From Sale of Assets	-125	3	-162	-5	-408	-24
Asset Writedown & Restructuring Costs	-	1,048	-	-	314	221
Stock-Based Compensation	61	-5	87	130	10	-2
Provision & Write-off of Bad Debts	112	120	93	57	125	94
Other Operating Activities	44	-756	-421	-503	899	-352
Change in Accounts Receivable	46	23	-216	-264	-210	195
Change in Accounts Payable	47	-14	-48	43	-70	98
Change in Income Taxes	-43	18	3	73	24	-52
Change in Other Net Operating Assets	186	453	-110	-56	-162	-54
Operating Cash Flow	1,846	2,224	2,474	2,538	1,806	953
Operating Cash Flow Growth	-22.24%	-10.11%	-2.52%	40.53%	89.51%	-67.14%
Capital Expenditures	-1,567	-2,951	-4,204	-4,248	-4,407	4,458
Sale of Property, Plant & Equipment	181	23	181	12	16	60
Divestitures	-	-	-	-	871	-
Investment in Securities	2	-1	-1	-16	-	74
Other Investing Activities	-	-	-	19	-24	-1
Investing Cash Flow	-1,384	-2,929	-4,024	-4,233	-3,544	4,591
Long-Term Debt Issued	-	8,519	8,533	9,672	18,967	6,358
Long-Term Debt Repaid	-	-7,793	-6,855	-6,659	-18,959	-11,606
Net Debt Issued (Repaid)	303	726	1,678	3,013	8	-5,248
Issuance of Common Stock	-	-	-	3	4,497	28
Repurchase of Common Stock	-	-	-315	-2,461	-654	-
Common Dividends Paid	-	-	-	-	-239	-
Other Financing Activities	-124	-68	-50	-68	-317	-152
Financing Cash Flow	179	658	1,313	487	2,845	-5,372
Foreign Exchange Rate Adjustments	3	-26	25	-25	-34	46
Net Cash Flow	644	-73	-212	-1,233	1,073	218
Free Cash Flow	279	-727	-1,730	-1,710	-2,601	5,411
Free Cash Flow Margin	3.28%	-8.03%	-18.46%	-19.69%	-35.45%	102.91%
Free Cash Flow Per Share	0.91	-2.38	-5.31	-4.24	-8.26	36.07
Cash Interest Paid	940	798	721	372	455	444
Cash Income Tax Paid	60	53	33	78	40	-11
Levered Free Cash Flow	482.63	-685.75	706.88	-2,215	-3,040	5,206
Unlevered Free Cash Flow	1,125	-160.38	1,142	-2,063	-2,874	5,527
Change in Working Capital	236	480	-371	-204	-418	187

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q