XML 32 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1Close
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenues $ 12,008 $ 11,994 $ 9,313 Close
Expenses      
Operating 5,675 5,285 4,255
Vehicle depreciation and lease charges, net 1,739 828 1,197
Selling, general and administrative 1,408 1,348 1,145
Vehicle interest, net 736 402 313
Non-vehicle related depreciation and amortization 216 225 272
Interest expense related to corporate debt, net:      
Interest expense 296 250 218
Early extinguishment of debt 5 0 136
Restructuring and other related charges 11 19 64
Transaction-related costs, net 5 8 5
Other (income) expense, net 3 (7) 0
Total expenses 10,094 8,358 7,605 Close
Income before income taxes 1,914 3,636 1,708 Close
Provision for income taxes 279 880 425 Close
Net income 1,635 2,756 1,283 Close
Less: Net income (loss) attributable to non-controlling interests 3 (8) (2)
Net income attributable to Avis Budget Group, Inc. $ 1,632 $ 2,764 $ 1,285
Earnings per share      
Basic (in USD per share) $ 42.57 $ 58.41 $ 19.79
Diluted (in USD per share) $ 42.08 $ 57.16 $ 19.44