What was the 'Gain on sale of non-vehicle capital assets' 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 |
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 (Gain) loss on the sale of non-vehicle capital assets in 2022 was a loss of $5 million. This figure is derived from the consolidated statement of cash flows, which reconciles net income to net cash flow from operating activities.
For a prospective Dollar Rent A Car franchisee, this number reflects the company's financial activities related to selling off assets that are not revenue-earning vehicles (cars). These assets could include real estate, equipment, or other capital assets the company owns. The gain or loss from these sales can fluctuate year to year based on the company's strategic decisions to divest assets and market conditions at the time of sale.
It's important to note that this is just one line item in the overall financial statements. Franchisees should consider this figure in the context of the company's overall financial performance, including revenue, expenses, and profitability. Reviewing trends over several years, as presented in the table, can provide a more comprehensive understanding of Dollar Rent A Car's asset management strategies and their impact on cash flow.