AVIS BUDGET GROUP INC

For the period ended Sep 30, 2024. Filed Nov 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 1, 2024

CAR$118.83-1.3%Stored close · as of Nov 6, 2026

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Contents

Financial Statement

Item 1. Financial Statements

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In millions, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenues	$3,480	$3,564	$9,079	$9,244
Expenses
Operating	1,575	1,543	4,451	4,325
Vehicle depreciation and lease charges, net	806	517	2,175	1,157
Selling, general and administrative	367	397	1,040	1,099
Vehicle interest, net	241	208	724	513
Non-vehicle related depreciation and amortization	58	55	177	163
Interest expense related to corporate debt, net:
Interest expense	95	80	266	221
Early extinguishment of debt	—	1	1	1
Restructuring and other related charges	6	2	23	7
Transaction-related costs, net	—	3	2	3
Other (income) expense, net	3	1	6	3
Total expenses	3,151	2,807	8,865	7,492
Income before income taxes	329	757	214	1,752
Provision for income taxes	91	130	74	377
Net income	238	627	140	1,375
Less: net income attributable to non-controlling interests	1	1	3	2
Net income attributable to Avis Budget Group, Inc.	$237	$626	$137	$1,373
Comprehensive income attributable to Avis Budget Group, Inc.	$260	$586	$121	$1,344
Earnings per share
Basic	$6.67	$16.96	$3.86	$35.11
Diluted	$6.65	$16.78	$3.84	$34.71

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