What was the foreign income (loss) before income taxes for Budget in 2022?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
| The provision for (benefit from) income taxes consists of the following: | 2024 | Year Ended December 31, 2023 | 2022 | |
|---|---|---|---|---|
| Current Federal State Foreign Current income tax provision | $ 14 11 70 95 | $ 45 43 88 | $ | 137 61 198 |
| Deferred Federal State Foreign Deferred income tax provision Provision for (benefit from) income taxes | $ (644) | 77 | $ | 622 |
| (211) | 47 | (22) | ||
| (50) | 67 | 82 | ||
| (905) | 191 | 682 | ||
| (810) | $ 279 | 880 | ||
| Income (loss) before income taxes is comprised of the following: | 2024 | Year Ended December 31 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the foreign income (loss) before income taxes in 2022 was $3,636. This figure represents the profit or loss generated by Budget's operations outside of the United States before accounting for income taxes.
For a prospective franchisee, this indicates the financial health and performance of Budget's international ventures. Positive foreign income suggests successful operations in foreign markets, which could reflect the brand's global appeal and effective management of international business.
However, it is essential to consider this figure in the context of overall company performance and to understand the specific factors contributing to this income. Franchisees should investigate the stability and growth trends of Budget's foreign income over several years to assess potential risks and opportunities associated with the brand's international presence. Understanding the geographic distribution and performance of these foreign operations can provide valuable insights into Budget's global strategy and its potential impact on the franchise system.