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Avis Budget Group (CAR) FY2016 results: revenue $8.7 billion

Avis Budget Group, Inc. (CAR) reported revenue of $8.7 billion for fiscal 2016, the year ended 31 December 2016. Net income was $163 million, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.

Revenue
$8.7 billion
FY2016FY2016
Operating margin
3.2%
FY2016FY2016
Net income
$163 million
FY2016FY2016
Diluted EPS
$1.75
FY2016FY2016

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2016Last 8 years
Revenue8,659
Selling, general and administrative1,134
Operating income279
Operating margin3.2%
Interest expense203
Pre-tax income279
Income tax116
Effective tax rate41.6%
Net income163
Net margin1.9%
Diluted EPS$1.75
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2016Last 8 years
Operating cash flow2,640
Cash from investing-2,182
Cash from financing-449
Share-based compensation27.0
Buybacks398
Diluted shares, weighted93m

Balance sheet

$ millionFY2016Last 8 years
Shareholders' equity221
Debt3,523
Other liabilities13,899
Total liabilities and equity17,643
Fixed assets685
Goodwill1,007
Intangible assets870
Cash and equivalents490
Receivables808
Other assets13,783
Total assets17,643

10-K for the year ended 31 December 2016, filed 21 February 2019: the filing.