What was the amount of Budget's Additional Paid-in Capital as of January 1, 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
644 | 642 | 16 626 $ 642 | | Cash and cash equivalents, program and restricted cash, end of period | $ | 597 | $ 644 | $ 642 | | Supplemental disclosure Interest payments Income tax payments, net | $ $ | 1,273 50 | | |
Avis Budget Group, Inc. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In millions)
| Commo | n Stock | Additional Pald-in | Retained Earnings | Accumulated Other | Treasur | y Sto | Stockholders' Equity Attributable to Avis Budget | Non-controlling Interests | Total Stoci | cholders' Equity |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the Additional Paid-in Capital as of January 1, 2022, was $6,676. This figure represents the excess amount over the par value that investors paid for Budget's stock. It is a key component of the company's overall equity.
For a prospective franchisee, understanding the Additional Paid-in Capital can provide insight into the financial health and capital structure of Budget. A higher number suggests that the company has been successful in raising capital from investors, which can be used for expansion, acquisitions, or other strategic initiatives. This can be a positive indicator of the company's growth potential and stability.
However, it is important to consider this figure in conjunction with other financial metrics, such as retained earnings, total liabilities, and overall revenue. A comprehensive analysis of Budget's financial statements will provide a more complete picture of the company's financial condition and its ability to support its franchisees. Prospective franchisees should consult with a financial advisor to fully understand the implications of these figures.