What is the purpose of the table provided regarding Budget's financial statements?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
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.
EXHIBIT G
FINANCIAL STATEMENTS OF AVIS BUDGET GROUP, INC.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, Exhibit G includes the audited consolidated balance sheets of Avis Budget Group, Inc. as of December 31, 2024 and 2023, along with the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022. The exhibit also contains related notes. These financial statements offer a detailed overview of Budget's financial performance and position over the three-year period. Avis Budget Group, Inc. guarantees Budget's performance of its obligations under the Budget License Agreements. The instrument of guaranty is included in Exhibit G. Budget also files state-specific guarantees of performance with the appropriate agencies in the states where their licenses are registered to be offered and sold.
Specifically, the table included in the financial statements provides key financial data for Budget. For example, it shows the net income (loss) attributable to Avis Budget Group, Inc. for basic and diluted earnings per share (EPS). The table also presents the basic and diluted weighted average shares outstanding. This information is crucial for prospective franchisees as it provides insights into the profitability and financial stability of Budget over the recent years.
Furthermore, the financial statements have been audited by Deloitte & Touche LLP, an independent registered public accounting firm. Their report expresses an opinion on the fairness of the presentation of Budget's financial statements in accordance with accounting principles generally accepted in the United States of America. This independent audit adds credibility to the financial information presented and assures potential franchisees that the data has been reviewed by an objective third party.