What specific financial statement is being presented for Avis Budget Group, Inc. regarding Budget?
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.
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, the financial statements presented are the audited consolidated balance sheets of Avis Budget Group, Inc. as of December 31, 2024, and 2023. These statements also include the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022. The financial statements also incorporate related notes.
These consolidated financial statements offer a comprehensive view of Avis Budget Group, Inc.'s financial health over the past three years. A prospective Budget franchisee can use this information to assess the financial stability and performance of the parent company. This is particularly important because Avis Budget Group, Inc. guarantees Budget's obligations under the Budget License Agreements.
The inclusion of balance sheets, statements of operations, stockholders' equity, comprehensive income, and cash flows provides a detailed picture of the company's assets, liabilities, profitability, and cash management. Reviewing these statements can help a potential franchisee understand the financial risks and rewards associated with investing in a Budget franchise. Furthermore, the audit by Deloitte & Touche LLP adds credibility to these financial statements.
It is standard practice for franchisors to include audited financial statements in their FDD, allowing potential franchisees to make informed decisions. The financial statements presented in Exhibit G offer transparency into Avis Budget Group, Inc.'s financial performance, which is a critical factor for anyone considering a Budget franchise.