Are the financial statements for Budget presented in millions, thousands, or whole numbers?

According to Budget's 2025 Franchise Disclosure Document, the financial statements of Avis Budget Group, Inc. are generally presented in millions of dollars. Specifically, the notes to the consolidated financial statements indicate that, unless otherwise specified, all dollar amounts are in millions, with the exception of per share amounts. This means that figures like revenue, expenses, assets, and liabilities are rounded and shown in millions (e.g., $100 million instead of $100,000,000).

This presentation format is common for large, publicly traded companies like Avis Budget Group, as it simplifies the presentation and analysis of financial data. It allows investors and other stakeholders to quickly grasp the magnitude of the company's financial performance and position without being overwhelmed by excessive detail. For a prospective Budget franchisee, this means that when reviewing the financial statements, they should be aware that the numbers presented are in millions of dollars unless explicitly stated otherwise.

While the consolidated financial statements are presented in millions, it is important to note the exception for per share amounts. These figures, which relate to the company's stock, are presented in whole dollars and cents. Additionally, it is always prudent to carefully read the footnotes to the financial statements, as they provide important details and clarifications about the numbers presented. These notes can offer a deeper understanding of Budget's financial performance and any specific accounting policies that may affect the interpretation of the financial statements.

In summary, the financial statements of Avis Budget Group, Inc., as presented in the 2025 FDD, use millions of dollars as the standard unit of measure, except for per share data. Franchisees should keep this in mind while reviewing the financial statements.