Are the financial statements for Dollar Rent A Car presented separately from its parent companies?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
e 1918. Hertz operates its vehicle rental business globally primarily through the Hertz, Dollar and Thrifty brands from company-operated and franchisee locations in the U.S., Europe, Africa, Asia, Australia, Canada, the Caribbean, Latin America, the Middle East and New Zealand. The Company also sells vehicles through Hertz Car Sales.
Note 2—Significant Accounting Policies
Accounting Principles
The Company's consolidated financial statements have been prepared in accordance with U.S. GAAP.
Principles of Consolidation
The consolidated financial statements of Hertz Global include the accounts of Hertz Global, its wholly owned and majority owned U.S. and international subsidiaries, and its VIEs, as applicable. The consolidated financial statements of Hertz include the accounts of Hertz, its wholly owned and majority owned U.S. and international subsidiaries, and its VIEs, as applicable. The Company consolidates a VIE when it is deemed the primary beneficiary of the VIE. All significant intercompany transactions have been eliminated in consolidation.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 100–101)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Dollar Rent A Car does not contain separate financial statements for Dollar Rent A Car, Inc. itself. Instead, the FDD includes consolidated financial statements for Hertz Global Holdings, Inc., which is the parent company of Dollar Rent A Car.
The notes to the consolidated financial statements of Hertz Global Holdings, Inc. explain that the consolidated financial statements include the accounts of Hertz Global, its U.S. and international subsidiaries, and its VIEs (Variable Interest Entities). All significant intercompany transactions have been eliminated during consolidation. The document also includes parent company financial statements for Hertz Global Holdings, Inc. These statements reflect the activity of Hertz Holdings as the parent company to Hertz.
Because Dollar Rent A Car's financial results are included within the larger consolidated statements of its parent company, it may be difficult for a potential franchisee to assess the specific financial performance of Dollar Rent A Car on a standalone basis. A prospective franchisee may want to ask Dollar Rent A Car for more detailed financial information about the Dollar Rent A Car business segment to gain a clearer understanding of its financial health and performance.