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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 3,244 $ 2,371 $ 5,676 $ 3,743
Expenses        
Operating 1,349 1,032 2,496 1,864
Vehicle depreciation and lease charges, net 234 338 345 592
Selling, general and administrative 359 294 642 476
Vehicle interest, net 97 77 174 152
Non-vehicle related depreciation and amortization 51 62 109 130
Interest expense related to corporate debt, net:        
Interest expense 64 59 117 120
Early extinguishment of debt 0 0 0 129
Restructuring and other related charges 6 22 14 42
Transaction-related costs, net 1 1 1 2
Total expenses 2,161 1,885 3,898 3,507
Income before income taxes 1,083 486 1,778 236
Provision for income taxes 309 88 477 8
Net income 774 398 1,301 228
Less: net loss attributable to non-controlling interests (4) 0 (6) 0
Net income attributable to Avis Budget Group, Inc. 778 398 1,307 228
Comprehensive income attributable to Avis Budget Group, Inc. $ 742 $ 400 $ 1,310 $ 254
Earnings per share        
Basic (in usd per share) $ 16.05 $ 5.69 $ 25.74 $ 3.26
Diluted (in usd per share) $ 15.71 $ 5.63 $ 25.14 $ 3.23