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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 165 $ 361 $ 163
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Vehicle depreciation 1,974 1,947 1,877
(Gain) loss on sale of vehicles, net (48) 52 (10)
Non-vehicle related depreciation and amortization 256 259 253
Deferred income taxes 14 (192) 51
Stock-based compensation 24 13 27
Amortization of debt financing fees 28 34 37
Early extinguishment of debt costs 19 3 27
Net change in assets and liabilities, excluding the impact of acquisitions and dispositions:      
Receivables (44) (59) (65)
Income taxes 35 (16) 5
Accounts payable and other current liabilities 48 49 2
Other, net 138 197 273
Net cash provided by operating activities 2,609 2,648 2,640
Investing activities      
Property and equipment additions (231) (197) (190)
Proceeds received on asset sales 17 8 19
Net assets acquired (net of cash acquired) (91) (21) (55)
Other, net (44) 5 1
Net cash used in investing activities exclusive of vehicle programs (349) (205) (225)
Vehicle programs:      
Investment in vehicles (12,589) (11,538) (12,461)
Proceeds received on disposition of vehicles 9,648 9,600 10,504
Repayments of Related Party Debt (188) (61) 0
Proceeds from Related Party Debt 52 0 0
Net Cash Used In Investing Activities Of Vehicle Programs (3,077) (1,999) (1,957)
Net cash used in investing activities (3,426) (2,204) (2,182)
Financing activities      
Proceeds from long-term borrowings 485 589 894
Payments on long-term borrowings (515) (602) (847)
Net change in short-term borrowings (4) (4) 4
Debt financing fees (15) (9) (20)
Repurchases of common stock (216) (210) (398)
Other, net 3 1 0
Net cash used in financing activities exclusive of vehicle programs (262) (235) (367)
Vehicle programs:      
Proceeds from borrowings 17,339 17,212 15,769
Payments on borrowings (16,385) (17,269) (15,826)
Debt financing fees (25) (16) (25)
Net cash provided by financing activities of vehicle programs 929 (73) (82)
Net cash provided by (used in) financing activities 667 (308) (449)
Effect of changes in exchange rates on cash and cash equivalents, program and restricted cash (16) 45 (6)
Net (decrease) increase in cash and cash equivalents, program and restricted cash (166) 181 3
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 901 720 717
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 735 901 720
Supplemental Disclosure      
Interest payments 497 460 461
Income tax payments, net $ 53 $ 58 $ 60