What was the amount of interest payments for Budget, as a supplemental disclosure, in the provided table?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
14 | (32) | | Net increase (decrease) in cash and cash equivalents, program and restricted cash Cash and cash equivalents, program and restricted cash, beginning of period | | (47) 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 | Capital | . ( | (Accumulated Deficit) | (Loss) | Shares | _ | Amount | Group, Inc. $ (220) | ÷ | 11 | 3 | (209) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the supplemental disclosure reveals the interest payments made by Budget. In 2024, Budget's interest payments amounted to $1,273. The document does not provide comparative figures for 2023 or 2022 in this specific supplemental disclosure section.
This figure is important for prospective franchisees as it provides insight into Budget's financial obligations related to interest. While this shows the overall interest payments for Budget, it does not specify what portion of this figure is related to the franchise operations versus corporate debt or other activities.
Franchisees should consider this figure in the context of Budget's overall financial health and profitability. Understanding the interest payments can help assess the company's leverage and its ability to manage its debt obligations, which indirectly affects the stability and support it can offer to its franchisees. It is advisable to ask Budget for more detailed information on what these interest payments pertain to, and how they may affect the franchise system.