On Feb. 20, Avis Budget Group (NYSE:CAR) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenues increased to $1.3 billion, primarily because of a rise in car rentals, which was partially offset by a decline in truck rentals.
  • Repayment of corporate debt reduced cash by 68.5% to $172 million.
  • The company expects its domestic time and mileage revenue per rental day to increase approximately 3%-5%, and its domestic rental day volume to increase approximately 6%-8% in 2007.
  • Avis has earned a four-star rating in the Motley Fool CAPS database.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$1,332

$1,325

0.5%

Net Profit

$4.0

($9.0)

N/A

EPS

$0.04

($0.09)

N/A

Diluted Shares

101.6

101.9

(0.3%)



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2006

Q4 2005

Change*

Operating Margin

1.6%

(0.1%)

1.7

Net Margin

0.3%

(0.7%)

1.0

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$172

$546

(68.5%)



Liabilities

Q4 2006

Q4 2005

Change

Corporate Debt

$1,842

$3,508

(47.5%)



Learn the ways of the balance sheet.

Cash Flow Highlights

No data available.

Segment Revenue

2006

2005

Change

Domestic Car Rental

$1,029

$1,009

2.0%

Int. Car Rental

$187

$172

8.7%

Truck Rental

$101

$127

(20.5%)



Find out why Fools always follow the money.

Related Companies:

  • Ryder System (NYSE:R)
  • United Rentals (NYSE:URI)
  • McGrath Rent (NASDAQ:MGRC)
  • Aaron Rents (NYSE:RNT)

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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.