What was the amount of Budget's comprehensive income at the end of 2024?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
noome (1855) attributable to Avis Budget Group, Inc. | * | (1,021) | 1,002 | 2,104 | | Earnings (loss) per share | | | | | | Basic | $ | (51.23) | $ 42.57 | $ 58,41 | | Diluted | $ | (51.23) | $ 42.08 | $ 57.16 |
Avis Budget Group, Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions)
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Net income (loss) | $ | (1,817) $ | 1,635 | $ 2,756 |
| Less: Net income (loss) attributable to non-controlling interests | 4 | 3 | (8) | |
| Net income (loss) attributable to Avis Budget Group, Inc. | (1,821) | 1,632 | 2,764 | |
| Other comprehensive income (loss), net of tax | ||||
| Currency translation adjustments: | (122) | 27 | (46) | |
| Currency translation adjustments, net of tax of $(19), $7 and $(11), respectively | (122) | 21 | (40) | |
| Cash flow hedges: | 15 | 5 | 57 | |
| Net unrealized holding gains (losses), net of tax of $(5), $(2), and $(20), respectively | (21) | (13) | 7 | |
| Reclassification of cash flow hedges to earnings, net of tax of $7, $5, and $(2), respectively | (21) | (.0) | • | |
| Minimum pension liability adjustment: | 10 | (18) | 11 | |
| Pension and post-retirement benefits, net of tax of $(4), $6, and $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the total comprehensive income (loss) attributable to Avis Budget Group, Inc. for the year ending December 31, 2024, was a loss of $1,935. This figure represents the sum of net income (loss) and other comprehensive income (loss), reflecting the overall financial performance of the company.
Specifically, Budget experienced a net loss attributable to Avis Budget Group, Inc. of $1,821. This loss was further impacted by other comprehensive losses, which totaled $114. These other losses include items such as currency translation adjustments and adjustments related to pension and post-retirement benefits, all net of tax effects.
For a prospective franchisee, this information provides insight into Budget's financial health and performance trends. While the 2024 figure indicates a loss, it's important to consider this in the context of previous years, where Budget reported positive comprehensive income. Reviewing these trends can help potential franchisees assess the stability and potential risks associated with investing in a Budget franchise.