What was the depreciation and amortization, non-vehicle, for Dollar Rent A Car in 2022?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
Dividends paid to Hertz Holdings | | | (7) | | | (7) | | December 31, 2024 | 100 | $ | $ 4,598 | $ (3,956) | $ (316) | $ 326 |
(1) See "Share Repurchase Programs for Common Stock" in Note 17, "Equity and Earnings (Loss) Per Common Share – Hertz Global," for additional information.
(2) Represents former CEO awards forfeited in March 2024. See also Note 9, "Stock-Based Compensation."
THE HERTZ CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions)
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Cash flows from operating activities: | |||||
| Net income (loss) | $ (3,137) $ | 452 | $ 1,355 | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) | |||||
| operating activities: | |||||
| Depreciation and reserves for revenue earning vehicles, net | 3,983 | 2,422 | 809 | ||
| Depreciation and amortization, non-vehicle | 139 | 149 | 142 | ||
| Amortization of deferred financing costs and debt discount (premium) | 74 | 61 | 53 | ||
| Stock-based compensation charges | 63 | 87 | 130 | ||
| Stock-based compensation forfeitures | (68) | — | — | ||
| Provision for receivables allowance | 120 | 93 | 57 | ||
| Deferred income taxes, net | (459) | (380) | 301 | ||
| Long-Lived Assets impairment | 1,048 | — | — | ||
| (Gain) loss on sale of non-vehicle capital assets | 3 | (162) | (5) | ||
| Changes in financial instruments | 7 | 117 | (111) | ||
| Other | (30) | 5 | 11 | ||
| Changes in assets and liabilities: | |||||
| Non-vehicle receivables | 23 | (216) | (264) | ||
| Prepaid expenses and other assets | 8 | (39) | (126) | ||
| Operating lease right-of-use assets | 386 | 365 | 280 | ||
| Non-vehicle accounts payable | (14) | (48) | 43 | ||
| Accrued liabilities | 324 | (39) | 80 | ||
| Accrued taxes, net | 21 | 1 | 73 | ||
| Operating lease liabilities | (417) | (391) | (309) | ||
| Self-insured liabilities | 152 | (6) | 19 | ||
| Net cash provided by (used in) operating activities | 2,226 | 2,471 | 2,538 | ||
| Cash flows from investing activities: | |||||
| Revenue earning vehicles expenditures | (10,524) | (9,514) | (10,596) | ||
| Proceeds from disposal of revenue earning vehicles | 7,678 | 5,498 | 6,498 | ||
| Non-vehicle capital asset expenditures | (105) | (188) | (150) | ||
| Proceeds from disposal of non-vehicle capital assets | 23 | 181 | 12 | ||
| Collateral returned in exchange for letters of credit |
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 depreciation and amortization for non-vehicle assets in 2022 was $142 million. This figure is part of the adjustments used to reconcile net income (loss) to net cash provided by (used in) operating activities.
Depreciation and amortization are accounting methods used to allocate the cost of assets over their useful lives. Non-vehicle assets typically include items such as computer equipment, office furniture, and leasehold improvements. The depreciation and amortization expense reflects the reduction in value of these assets over time.
For a prospective Dollar Rent A Car franchisee, understanding these figures is crucial for assessing the overall financial health and cash flow management of the company. It provides insight into how the company manages its assets and accounts for their declining value, which can impact profitability and investment decisions.