What were the proceeds from disposals for International RAC for Dollar Rent A Car in 2022?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
e sheet date. See Note 5, "Revenue Earning Vehicles."
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
- (2) As of December 31, 2023, includes the carrying amount of vehicles classified as held for sale as of the respective balance sheet date, including the First EV Disposal Group. See Note 5, "Revenue Earning Vehicles."
- (3) The consolidated total assets of Hertz Global and Hertz as of December 31, 2024 and 2023 include total assets of VIEs of $1.4 billion and $1.7 billion, respectively, which can only be used to settle obligations of the VIEs. See "Pledges Related to Vehicle Financing" in Note 7, "Debt," for further information.
| Years Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| (In millions) | 2024 | 2023 | 2022 | |||
| Revenue earning vehicles and non-vehicle capital assets |
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 proceeds from disposals for International RAC (Rental Car) operations in 2022 were $741 million. This figure represents the income Dollar Rent A Car received from selling off assets related to its international rental car business.
For a prospective franchisee, understanding the proceeds from disposals can be important for assessing the financial health and asset management strategies of Dollar Rent A Car. Proceeds from disposals can fluctuate depending on market conditions, the age and condition of the fleet being sold, and the company's overall strategy for fleet management.
It is important to note that this figure is part of a larger financial picture. Franchisees should consider this number in conjunction with other financial data, such as expenditures, net expenditures, and overall revenue, to gain a comprehensive understanding of Dollar Rent A Car's financial performance. Reviewing these figures over several years, as presented in the table, can reveal trends and provide a more informed perspective on the company's financial stability and growth.