What was the balance as of December 31 for Dollar Rent A Car in 2022?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
| | (1) | | 7 | | Income tax (provision) benefit related to reclassified amounts of net periodic costs on pension and postretirement benefit plans | | (1) | | (1) | | (1) | | Total other comprehensive income (loss) | | (68) | | 46 | | (80) | | Total comprehensive income (loss) | $ | (3,205) | $ | 498 | $ | 1,275 |
THE HERTZ CORPORATION AND SUBSIDIAR DOCUMENT downloaded from Franchimp.com
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY (DEFICIT)
(In millions, except for share data)
| Balance as of: | Common Stock Shares | Common Stock Amount | Additional Paid-In Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss) | Total Stockholder's Equity (Deficit) |
|---|---|---|---|---|---|---|
| December 31, 2021 | 100 | $ — | $ 7,190 | $ (2,626) | $ (214) | $ 4,350 |
| Net income (loss) | _ | _ | _ | 1,355 | _ | 1,355 |
Source: Item 23 — RECEIPTS (FDD pages 102–301)
What This Means (2025 FDD)
According to Dollar Rent A Car's 2025 Franchise Disclosure Document, the balance as of December 31, 2022, was $3,279 million. This figure represents the total stockholder's equity (deficit) at that time.
This balance is derived from several components, including common stock shares, additional paid-in capital, accumulated deficit, and accumulated other comprehensive income (loss). Specifically, as of December 31, 2022, Dollar Rent A Car had 100 common stock shares, $4,844 million in additional paid-in capital, an accumulated deficit of $1,271 million, and an accumulated other comprehensive loss of $294 million.
For a prospective franchisee, understanding these figures provides insight into the financial structure and overall equity position of Dollar Rent A Car. It's important to monitor these balances over time to assess the company's financial health and stability, as significant changes could impact the franchise system.