AVIS BUDGET GROUP, INC. (CAR) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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AVIS BUDGET GROUP, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Vehicle depreciation → operating reconciliation: $1,273,000,000.00Amortization of right-of-use assets → operating reconciliation: $583,000,000.00Vehicle related reserves → operating reconciliation: $136,000,000.00Non-vehicle related depreciation and amortization → operating reconciliation: $118,000,000.00Amortization of debt financing fees → operating reconciliation: $25,000,000.00Accounts payable and other current liabilities → operating reconciliation: $21,000,000.00Stock-based compensation → operating reconciliation: $7,000,000.00Early extinguishment of debt costs → operating reconciliation: $3,000,000.00operating reconciliation → Net cash from operating activities: $1,066,000,000.00operating reconciliation → Net loss: $171,000,000.00operating reconciliation → Operating lease liabilities: $582,000,000.00operating reconciliation → Income taxes and deferred income taxes: $170,000,000.00operating reconciliation → (Gain) loss on sale of vehicles, net: $78,000,000.00operating reconciliation → Receivables: $63,000,000.00operating reconciliation → Other, net: $36,000,000.00Proceeds from borrowings → financing reconciliation: $12,723,000,000.00Proceeds from borrowings (original maturities greater than three months) → financing reconciliation: $302,000,000.00financing reconciliation → Net cash from financing activities: $623,000,000.00financing reconciliation → Payments on borrowings: $12,043,000,000.00financing reconciliation → Payments on borrowings (original maturities greater than three months): $315,000,000.00financing reconciliation → Debt financing fees: $28,000,000.00financing reconciliation → Debt financing fees: $9,000,000.00financing reconciliation → Repurchases of common stock: $7,000,000.00Net cash used in investing activities → investing reconciliation: $1,611,000,000.00Proceeds received on disposition of vehicles → investing reconciliation: $6,153,000,000.00Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party → investing reconciliation: $571,000,000.00Other, net → investing reconciliation: $8,000,000.00Proceeds received on asset sales → investing reconciliation: $2,000,000.00investing reconciliation → Investment in vehicles: $7,763,000,000.00investing reconciliation → Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party: $445,000,000.00investing reconciliation → Property and equipment additions: $109,000,000.00investing reconciliation → Net assets acquired (net of cash acquired): $28,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $618,000,000.00Net cash from operating activities → Cash sources and uses: $1,066,000,000.00Net cash from financing activities → Cash sources and uses: $623,000,000.00Cash sources and uses → Exchange-rate effect: $9,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $687,000,000.00Cash sources and uses → Net cash used in investing activities: $1,611,000,000.00Net loss: -$171,000,000.00Net loss−$171.00 MVehicle depreciation: $1,273,000,000.00Vehicle depreciation+$1.27 BAmortization of right-of-use assets: $583,000,000.00Right-of-use asset amortization+$583.00 M(Gain) loss on sale of vehicles, net: -$78,000,000.00Vehicle sale gain & loss, net−$78.00 MVehicle related reserves: $136,000,000.00Inventory reserve provision+$136.00 MNon-vehicle related depreciation and amortization: $118,000,000.00Non-vehicle depreciation & amort.+$118.00 MAmortization of debt financing fees: $25,000,000.00Debt issuance cost amortization+$25.00 MEarly extinguishment of debt costs: $3,000,000.00Debt extinguishment costs+$3.00 MStock-based compensation: $7,000,000.00Stock-based compensation+$7.00 MReceivables: -$63,000,000.00Receivables, net−$63.00 MIncome taxes and deferred income taxes: -$170,000,000.00Income taxes payable−$170.00 MAccounts payable and other current liabilities: $21,000,000.00Payables & accrued liabilities+$21.00 MOperating lease liabilities: -$582,000,000.00Operating lease liabilities−$582.00 MOther, net: -$36,000,000.00Other working capital, net−$36.00 MNet cash from operating activities: $1,066,000,000.00Operating cash+$1.07 Boperating reconciliation: $2,166,000,000.00Payments on borrowings: -$12,043,000,000.00Payments on borrowings−$12.04 BProceeds from borrowings: $12,723,000,000.00Proceeds from borrowings+$12.72 BDebt financing fees: -$28,000,000.00Debt financing fees−$28.00 MProceeds from borrowings (original maturities greater than three months): $302,000,000.00Debt issued+$302.00 MPayments on borrowings (original maturities greater than three months): -$315,000,000.00Debt repaid−$315.00 MRepurchases of common stock: -$7,000,000.00Common stock repurchases−$7.00 MDebt financing fees: -$9,000,000.00Financing costs paid−$9.00 MNet cash from financing activities: $623,000,000.00Financing cash+$623.00 Mfinancing reconciliation: $13,025,000,000.00Property and equipment additions: -$109,000,000.00Property and equipment additions−$109.00 MProceeds received on asset sales: $2,000,000.00Asset sales+$2.00 MNet assets acquired (net of cash acquired): -$28,000,000.00Restricted investment purchases−$28.00 MOther, net: $8,000,000.00Other investing, net+$8.00 MInvestment in vehicles: -$7,763,000,000.00Investment in vehicles−$7.76 BProceeds received on disposition of vehicles: $6,153,000,000.00Vehicle disposal proceeds+$6.15 BInvestment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party: -$445,000,000.00Advances to affiliates−$445.00 MProceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party: $571,000,000.00Related party loan repaid+$571.00 MNet cash used in investing activities: -$1,611,000,000.00. Cash required to fund net payments.Investing cash−$1.61 Binvesting reconciliation: $8,345,000,000.00Cash sources and uses: $2,307,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $618,000,000.00Beginning cash$618.00 MEnding cash: Cash, cash equivalents, and restricted cash: $687,000,000.00Ending cash$687.00 MExchange-rate effect: -$9,000,000.00FX effect−$9.00 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$171.00M + net operating adjustments $1.24B = operating cash +$1.07BFree cash flowNot availableCash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$69.00 MEnding cash − beginning cash
Chart details

AVIS BUDGET GROUP, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
618,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,066,000,000 US dollars. Net cash provided.
Net loss
negative 171,000,000 US dollars
Vehicle depreciation
1,273,000,000 US dollars
Amortization of right-of-use assets
583,000,000 US dollars
(Gain) loss on sale of vehicles, net
negative 78,000,000 US dollars
Vehicle related reserves
136,000,000 US dollars
Non-vehicle related depreciation and amortization
118,000,000 US dollars
Amortization of debt financing fees
25,000,000 US dollars
Early extinguishment of debt costs
3,000,000 US dollars
Stock-based compensation
7,000,000 US dollars
Receivables
negative 63,000,000 US dollars
Income taxes and deferred income taxes
negative 170,000,000 US dollars
Accounts payable and other current liabilities
21,000,000 US dollars
Operating lease liabilities
negative 582,000,000 US dollars
Other, net
negative 36,000,000 US dollars
Investing activities
negative 1,611,000,000 US dollars. Net cash used.
Property and equipment additions
negative 109,000,000 US dollars
Proceeds received on asset sales
2,000,000 US dollars
Net assets acquired (net of cash acquired)
negative 28,000,000 US dollars
Other, net
8,000,000 US dollars
Investment in vehicles
negative 7,763,000,000 US dollars
Proceeds received on disposition of vehicles
6,153,000,000 US dollars
Investment in debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party
negative 445,000,000 US dollars
Proceeds from debt securities of Avis Budget Rental Car Funding (AESOP) LLC—related party
571,000,000 US dollars
Financing activities
623,000,000 US dollars. Net cash provided.
Payments on borrowings
negative 12,043,000,000 US dollars
Proceeds from borrowings
12,723,000,000 US dollars
Debt financing fees
negative 28,000,000 US dollars
Proceeds from borrowings (original maturities greater than three months)
302,000,000 US dollars
Payments on borrowings (original maturities greater than three months)
negative 315,000,000 US dollars
Repurchases of common stock
negative 7,000,000 US dollars
Debt financing fees
negative 9,000,000 US dollars
Operating adjustment reconciliation
2,166,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
13,025,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
8,345,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 9,000,000 US dollars
Ending cash on Jun 30, 2026
687,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,307,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
69,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$171.00M + net operating adjustments $1.24B = operating cash +$1.07B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
AVIS BUDGET GROUP, INC. (CAR) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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