Does the table specify any conditions related to the 'as of' date of Budget's financial statements?
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.
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. The exhibit also contains the related consolidated statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022, including related notes.
This means that the financial statements provided in the FDD offer a look at Budget's financial health over the past three years, with balance sheets specifically for the last two years. A prospective franchisee can review these statements to understand Budget's revenues, expenses, assets, and liabilities.
The 'as of' dates are important because they provide a snapshot of Budget's financial position at a specific point in time. By examining the balance sheets as of December 31, 2024 and 2023, a franchisee can assess the company's recent financial performance and trends. The statements of operations, stockholders' equity, comprehensive income, and cash flows for the years ended December 31, 2024, 2023, and 2022 provide a broader view of the company's financial activities over a three-year period, allowing for a more comprehensive analysis of its financial stability and performance.