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CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 3,547 $ 3,001 $ 9,223 $ 6,744
Expenses        
Operating 1,464 1,225 3,960 3,089
Vehicle depreciation and lease charges, net 134 277 479 869
Selling, general and administrative 384 361 1,026 837
Vehicle interest, net 107 80 281 232
Non-vehicle related depreciation and amortization 59 69 168 199
Interest expense related to corporate debt, net:        
Interest expense 64 47 181 167
Early extinguishment of debt 0 7 0 136
Restructuring and other related charges 2 5 16 47
Transaction-related costs, net 0 1 1 3
Other (income) expense, net (9) 0 (9) 0
Total expenses 2,205 2,072 6,103 5,579
Income before income taxes 1,342 929 3,120 1,165
Provision for income taxes 311 255 788 263
Net income 1,031 674 2,332 902
Less: net loss attributable to non-controlling interests (3) (1) (9) (1)
Net income attributable to Avis Budget Group, Inc. 1,034 675 2,341 903
Comprehensive income attributable to Avis Budget Group, Inc. $ 979 $ 660 $ 2,289 $ 914
Earnings per share        
Basic (in usd per share) $ 22.08 $ 10.58 $ 47.34 $ 13.31
Diluted (in usd per share) $ 21.67 $ 10.45 $ 46.32 $ 13.16