What was the total revenue for Dollar Rent A Car in 2022?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | 64 | | Bankruptcy-related litigation reserve(8) | | | (292) | | Long-Lived Assets impairment(9) | | | (1,048) | | Other items(10) | | | (63) | | Income (loss) before income taxes - Hertz | | | (3,512) |
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
| (In millions) | Americas RAC | International | Total | |
|---|---|---|---|---|
| RAC | ||||
| Change in fair value of Public Warrants(11) | 275 | |||
| Income (loss) before income taxes - Hertz Global | Year Ended December 31, 2023 | $ (3,237) | ||
| (In millions) | Americas RAC | International RAC | Total | |
| Revenues | $ | 7,722 | $ 1,649 | $ 9,371 |
| Significant segment expenses: | ||||
| Direct vehicle and operating | 4,582 | 880 | 5,462 | |
| Depreciation of revenue earning vehicles and lease charges, net(1) | 1,775 | 264 | 2,039 | |
| Selling, general and administrative | 501 | 227 | 728 | |
| Other segment items(2) | 279 | (24) | 255 | |
| Segment profit (loss): Adjusted |
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 total revenue for the company in 2022 was $8,685 million. This figure represents the combined revenues from both the Americas RAC (Rental Car) and International RAC segments. For the Americas RAC segment, the revenue was $7,280 million, while the International RAC segment generated $1,405 million.
Breaking down the expenses, Dollar Rent A Car had significant segment expenses in 2022. Direct vehicle and operating expenses amounted to $4,080 million for the Americas RAC and $728 million for the International RAC, totaling $4,808 million. Depreciation of revenue earning vehicles and lease charges, net, was $553 million in the Americas and $148 million internationally, totaling $701 million. Selling, general, and administrative expenses were $351 million and $180 million, respectively, totaling $531 million. Other segment items accounted for $4 million in the Americas and a loss of $1 million internationally, resulting in a total of $3 million.
The segment profit (loss) before adjustments, known as Adjusted EBITDA, was $2,292 million for the Americas RAC and $350 million for the International RAC, totaling $2,642 million. However, corporate expenses reduced this by $337 million, resulting in a total Hertz Global and Hertz Adjusted EBITDA of $2,305 million. Further adjustments, including non-vehicle depreciation and amortization (-$142 million), non-vehicle debt interest, net (-$169 million), vehicle debt-related charges (-$35 million), and restructuring and restructuring related charges (-$45 million), impacted the final income before income taxes, which was reported as $286 million for Hertz Global in 2022.
For a prospective franchisee, understanding these revenue and expense figures is crucial. It provides insight into the overall financial health and performance of Dollar Rent A Car. The franchisee can assess the potential profitability of their own franchise by comparing these figures with the expenses and revenues they anticipate for their specific location. It's important to note that these are company-wide figures and individual franchise performance may vary significantly based on location, market conditions, and operational efficiency.