What was the total comprehensive income (loss) attributable to Avis Budget Group, Inc. for Budget in 2023?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
noome (1855) attributable to Avis Budget Group, Inc. | * | (1,021) | 1,002 | 2,104 | | Earnings (loss) per share | | | | | | Basic | $ | (51.23) | $ 42.57 | $ 58,41 | | Diluted | $ | (51.23) | $ 42.08 | $ 57.16 |
Avis Budget Group, Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions)
| Year Ended December 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Net income (loss) | $ | (1,817) $ | 1,635 | $ 2,756 |
| Less: Net income (loss) attributable to non-controlling interests | 4 | 3 | (8) | |
| Net income (loss) attributable to Avis Budget Group, Inc. | (1,821) | 1,632 | 2,764 | |
| Other comprehensive income (loss), net of tax | ||||
| Currency translation adjustments: | (122) | 27 | (46) | |
| Currency translation adjustments, net of tax of $(19), $7 and $(11), respectively | (122) | 21 | (40) | |
| Cash flow hedges: | 15 | 5 | 57 | |
| Net unrealized holding gains (losses), net of tax of $(5), $(2), and $(20), respectively | (21) | (13) | 7 | |
| Reclassification of cash flow hedges to earnings, net of tax of $7, $5, and $(2), respectively | (21) | (.0) | • | |
| Minimum pension liability adjustment: | 10 | (18) | 11 | |
| Pension and post-retirement benefits, net of tax of $(4), $6, and $ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the total comprehensive income attributable to Avis Budget Group, Inc. in 2023 was $1,637. This figure represents the sum of net income attributable to Avis Budget Group, Inc. and other comprehensive income (loss), net of tax.
For a prospective Budget franchisee, this information provides insight into the overall financial performance of the parent company, Avis Budget Group, Inc. A positive comprehensive income suggests that the company is profitable and managing its financial resources effectively. This can be an important factor for franchisees, as the financial stability of the parent company can impact the support and resources available to them.
However, it is important to note that this figure reflects the consolidated performance of Avis Budget Group, Inc., and not necessarily the individual performance of the Budget franchise system. While a strong parent company can provide stability, franchisees should also consider the specific financial performance and growth trends within the Budget franchise itself. Franchisees should also investigate the components of other comprehensive income (loss) to understand what factors contributed to the overall comprehensive income.