Hertz Global Holdings, Inc. (HTZ)
NASDAQ: HTZ · Real-Time Price · USD
1.520
-0.020 (-1.30%)
Nov 13, 2026, 2:00 PM EST - Market open
Hertz Global Holdings Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | -347 | -747 | -2,862 | 616 | 2,059 | 366 |
Depreciation & Amortization | 109 | 117 | 139 | 149 | 142 | 196 |
Other Amortization | 2,255 | 2,234 | 4,057 | 2,483 | 862 | 722 |
Loss (Gain) From Sale of Assets | -80 | -144 | - | -162 | -5 | -408 |
Asset Writedown & Restructuring Costs | - | - | 1,048 | - | - | 314 |
Stock-Based Compensation | 73 | 63 | -5 | 87 | 130 | 10 |
Provision & Write-off of Bad Debts | 161 | 127 | 120 | 93 | 57 | 125 |
Other Operating Activities | -495 | -98 | -753 | -421 | -503 | 899 |
Change in Accounts Receivable | -263 | -11 | 23 | -216 | -264 | -210 |
Change in Accounts Payable | 86 | 12 | -14 | -48 | 43 | -70 |
Change in Income Taxes | -35 | -35 | 18 | 3 | 73 | 24 |
Change in Other Net Operating Assets | -271 | 107 | 453 | -110 | -56 | -162 |
Operating Cash Flow | 1,193 | 1,625 | 2,224 | 2,474 | 2,538 | 1,806 |
Operating Cash Flow Growth | -35.37% | -26.93% | -10.11% | -2.52% | 40.53% | 89.51% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -2,446 | -2,194 | -2,951 | -4,204 | -4,248 | -4,407 |
Sale of Property, Plant & Equipment | 148 | 200 | 23 | 181 | 12 | 16 |
Divestitures | - | - | - | - | - | 871 |
Investment in Securities | -2 | -1 | -1 | -1 | -16 | - |
Other Investing Activities | - | - | - | - | 19 | -24 |
Investing Cash Flow | -2,300 | -1,995 | -2,929 | -4,024 | -4,233 | -3,544 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 8,432 | 8,519 | 8,533 | 9,672 | 18,967 |
Long-Term Debt Repaid | - | -7,929 | -7,793 | -6,855 | -6,659 | -18,959 |
Net Debt Issued (Repaid) | 778 | 503 | 726 | 1,678 | 3,013 | 8 |
Issuance of Common Stock | 3 | - | - | - | 3 | 4,497 |
Repurchase of Common Stock | - | - | - | -315 | -2,461 | -654 |
Common Dividends Paid | - | - | - | - | - | -239 |
Other Financing Activities | -95 | -131 | -68 | -50 | -68 | -317 |
Financing Cash Flow | 686 | 372 | 658 | 1,313 | 487 | 2,845 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -5 | 32 | -26 | 25 | -25 | -34 |
Net Cash Flow | -426 | 34 | -73 | -212 | -1,233 | 1,073 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -1,253 | -569 | -727 | -1,730 | -1,710 | -2,601 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -13.85% | -6.69% | -8.03% | -18.46% | -19.69% | -35.45% |
Free Cash Flow Per Share | -3.96 | -1.77 | -2.38 | -5.31 | -4.24 | -8.26 |
Levered Free Cash Flow | 1,269 | 12 | 209.25 | 706.88 | -2,215 | -3,040 |
Unlevered Free Cash Flow | 1,767 | 599.13 | 734.63 | 1,142 | -2,063 | -2,874 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 1,068 | 1,004 | 798 | 721 | 372 | 455 |
Cash Income Tax Paid | 55 | 80 | 53 | 33 | 78 | 40 |
Change in Working Capital | -483 | 73 | 480 | -371 | -204 | -418 |