As of what date are the financial statements for Budget presented?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit G includes the audited consolidated balance sheets of Avis Budget Group, Inc. as of December 31, 2024 and 2023, and the related consolidated statements of operations, stockholders' equity, comprehensive income and cash flows for the years ended December 31, 2024, 2023, and 2022 and the related notes of Avis Budget Group, Inc. Avis Budget Group, Inc. guarantees our performance of our obligations under the Budget License Agreements we enter into. The instrument of guaranty is included in Exhibit G. We file state specific guarantees of performance with the appropriate agencies in the states where our licenses are registered to be offered and sold.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the audited consolidated balance sheets of Avis Budget Group, Inc. are presented as of December 31, 2024 and 2023. Additionally, the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows are provided for the years ended December 31, 2024, 2023, and 2022.
These financial statements offer prospective Budget franchisees insight into the financial health and performance of Avis Budget Group, Inc., which guarantees Budget's obligations under the Budget License Agreements. By examining these statements, franchisees can assess the financial stability of the parent company and its ability to support the Budget franchise system.
The inclusion of several years' worth of financial data (2022, 2023, and 2024) allows for a trend analysis, which can be useful in evaluating the company's growth and profitability over time. The audit by Deloitte & Touche LLP, a registered public accounting firm, provides an additional layer of assurance regarding the reliability of the financial information.