What was the amount of Budget's common stock (shares) at the end of 2024?
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 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amou | int | Capi |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the balance of common stock shares at the end of 2024 was 137.1. The amount for common stock was $1. This is based on the consolidated balance sheets.
Additionally, at the end of 2024, Budget had $6,620 in additional paid-in capital. The retained earnings were $2,029. The accumulated other was $(210).
Understanding these figures is crucial for prospective franchisees as they provide a snapshot of Budget's financial structure and stability. Common stock and paid-in capital reflect the investment in the company by its shareholders, while retained earnings indicate the accumulated profits reinvested back into the business. Reviewing these figures over time, as presented in the table, can reveal trends in Budget's financial performance and capitalization.