Where can I find the Consolidated Balance Sheets as of December 31, 2024 and 2023 for Budget in the FDD?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) | 2 |
|---|---|
| Consolidated Statements of Operations for the Years Ended December 31, 2024, 2023 and 2022 | 6 |
| Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2024, 2023 and 2022 | 7 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 8 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022 | 9 |
| Consolidated Statements of Stockholders' Equity for the Years Ended December 31, 2024, 2023 and 2022 | 11 |
| Notes to Consolidated Financial Statements | 12 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the consolidated balance sheets as of December 31, 2024, and 2023 can be found on page 8. These balance sheets are part of the audited consolidated financial statements of Avis Budget Group, Inc., which are included in Exhibit G.
Exhibit G contains the consolidated balance sheets, statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022, along with related notes. Avis Budget Group, Inc. guarantees Budget's obligations under the Budget License Agreements.
Prospective franchisees should review these financial statements carefully to understand Budget's financial performance and stability. Understanding the parent company's financial health is crucial as it guarantees Budget's obligations. The financial statements are audited by Deloitte & Touche LLP, offering an independent opinion on their accuracy and compliance with accounting principles.