What was the 'Gain on sale of non-vehicle capital assets' for Dollar Rent A Car in 2023?
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 | ||
| Amortiza |
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 company experienced a loss on the sale of non-vehicle capital assets in 2023. The document indicates that this figure was $(162) million. This value is part of the adjustments made to reconcile net income (loss) to net cash provided by (used in) operating activities.
This figure reflects the net effect of sales of properties and other non-vehicle assets, which can include real estate or equipment. The negative value indicates that the losses from these sales exceeded any gains during that year. This can be influenced by factors such as market conditions, the book value of the assets, and the terms of the sales agreements.
For a prospective Dollar Rent A Car franchisee, this information provides insight into how the company manages its assets and how gains or losses from asset sales can impact overall cash flow. While franchisees are not directly involved in these transactions, understanding the financial health and asset management strategies of the parent company is crucial for assessing the stability and potential growth of the franchise system.