ANC Rental (ANCQ) 8-K Financial statements and exhibits

Exhibit 99.1

ANC RENTAL CORPORATION, ET AL CASE NO. 01-11200 JOINTLY ADMINISTERED

COMBINED SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS — SUBSTITUTE MOR-1

For the Period September 1, 2003 to September 30, 2003

			CURRENT PERIOD ACTIVITY					ACTIVITY - FILING PERIOD TO DATE
			ACTUAL			PROJECTED		ACTUAL			PROJECTED
Cash — Beginning of Period			$	105,581,194		$	57,106,000	$	101,226,814		$	99,778,000
Receipts:
		Credit Card and Local Deposits	$	153,131,998		$	160,744,000	$	3,783,977,111		$	3,747,311,000
		Collections of Accounts Receivable		27,229,919			35,580,000		1,128,994,290			734,589,000
		Other Receipts		69,009,579			64,104,000		892,629,623			543,169,000
Total Receipts			$	249,371,496		$	260,428,000	$	5,805,601,024		$	5,025,069,000
Disbursements:
		US Trustee Fees Paid	$	—		$	—	$	545,750		$	—
		4                      Fleet Operating Expenses		13,387,514			12,290,000		312,469,217			324,310,000
		5a                    Personnel — Net Cash Payroll		21,087,347			20,398,394		470,647,865			445,384,754
		5b                    Personnel — Payroll Taxes Paid		6,397,670			6,188,650		176,185,668			163,459,081
		5c                    Personnel — Benefits Payments		3,995,909			3,865,357		140,836,879			131,662,501
		5d                    Personnel — Payments of                         Garnishments Withheld		155,685			150,599		3,982,091			3,774,909
		6                      Travel Expenses Paid		378,919			665,000		9,755,142			10,995,000
		7                      Fuel Payments For Rental Fleet		3,706,472			4,027,000		88,990,045			99,725,000
		8                      Airport — Agency — Concession                         Fees Paid		16,277,561			16,849,000		375,635,115			239,645,000
		9                      Insurance Payments All		6,887,806			7,957,000		215,351,269			247,566,000
		11                    Facility and Other Fixed Operating                         Expenses Paid		13,980,953			10,733,000		375,112,334			276,808,000
		13                    Travel Agency Tour Operator                         Commission Payments		6,782,267			6,362,000		158,023,825			169,294,000
		14                    Advertising Payments		6,318,069			7,797,000		106,395,931			148,604,000
		15                    IT Consulting Payments		8,891,916			5,358,000		111,295,973			100,342,000
		16                    IT Other Cash Payments		1,428,178			640,000		39,361,917			83,155,000
		17                    Sales Taxes and Other Taxes Paid		22,059,066			24,740,000		450,564,659			525,569,000
		18                    Professional Fees Paid —                         Ordinary Course		1,334,823			930,000		28,420,978			15,633,000
		19                    Professional Fees Paid —                         Bankruptcy Professionals		2,014,095			697,000		45,727,728			45,690,000
		20                    Other Miscellaneous Operating                         Expenses Paid		12,738,070			3,567,000		190,849,093			72,963,000
		23                    Capital Expenditures		2,394,610			883,000		31,422,159			95,253,000
		24                    Interest and Financing Fees Paid		3,547,507			820,000		57,774,311			41,114,000
		25                    Vehicle Holding Costs Paid		80,790,635			86,893,000		1,796,983,772			1,631,011,000
	25.1                   Fleet Purchase Payments and                         Financing Enhancements			30,003,103			—		626,101,604			362,954,000
		26                    Working Capital Fundings                         to Subsidiaries		—			—		4,000,000			6,000,000
Total Disbursements			$	264,558,177		$	221,811,000	$	5,816,433,324		$	5,240,912,245
Net Cash Flow			$	(15,186,680	)	$	38,617,000	$	(10,832,301	)	$	(215,843,245	)
Cash at End of Period			$	90,394,514		$	95,723,000	$	90,394,513		$	(116,065,245	)

Notes:	“Projected” amounts for the month of September posted from the 2003 Cash Collateral Budget.
	Beginning Projected Balance for March ‘03 adjusted to 2003 Cash Collateral Beginning Balance and carried forward.
	Projected amounts for the Filing Period to Date reflect a combination of:

a. original cash budget

b. revised cash budget of February 15, 2002

c. Cash Collateral Budget of 2003

Effective July 2002, category 12 “Other” has been combined with Category 20 “Other”

Effective August 2002, all Insurance payments combined in item 9 “Insurance All”

ANC RENTAL CORPORATION ET AL.,
CASE NO. 01-11200 JOINTLY ADMINISTERED
SUMMARY COMBINED BALANCE SHEET
SEPTEMBER 30, 2003

		ASSETS
Cash & Cash Equivalents			$	89,740,866
Restricted Cash				653,648
Receivables, net				119,549,618
Prepaid Expenses				49,623,502
Revenue Earning Vehicles, net				(47,909,558	)
Property Plant & Equip, net				17,150,367
Investment in Subsidiaries				3,866,519,139
Other Assets				31,529,467
TOTAL ASSETS			$	4,126,857,049
	LIABILITIES & SHAREHOLDERS’ EQUITY
Accounts Payable			$	123,722,319
Accrued Liabilities				223,066,659
Insurance Reserves				270,585,944
Other Debt				380,237,493
Deferred Income Taxes				253,710,734
Interest Rate Hedges at Fair Value				82,260,000
Due to Affiliates				51,711,812
Other Liabilities				82,366,662
TOTAL LIABILITIES				1,467,661,623
Shareholders’ Equity				2,659,195,426
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY			$	4,126,857,049

The Summary Combined Balance Sheet represents the combined balance sheets of the legal entity Debtors only and does not include either the elimination of inter-company transactions and investments as required under Generally Accepted Accounting Principles or the balance sheets of the Non-Debtors. Had inter-company transactions been eliminated and the balance sheets of the Non-Debtors, which are also wholly owned subsidiaries, been included and consolidated, Investments in Subsidiary would have been fully eliminated, Due to Affiliates would have been fully eliminated and Shareholders’ Equity (Deficit) would have been ($608) million. A non-consolidated combining balance sheet has the effect of artificially inflating inter-company assets, inter-company liabilities and shareholders’ equity (deficit). Nevertheless such presentation is required by the Operating Guidelines and Reporting Requirements established by the Office of the United States Trustee.

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ANC Rental Corporation, Et Al.,
Case Number 01-11200 Jointly
Administered Combined Statement of Operations
For the Periods as Indicated

				For the Period
	For the One			11/13/2001
	Month Ended			through
	09/30/2003			09/30/2003
Total Revenue		145,013,564			3,786,287,985
Direct Operating Costs		53,496,789			1,795,199,612
Vehicle Depreciation, net		57,458,283			1,511,696,970
SGA		24,227,623			779,450,551
Amortization of Intangibles		—			305,027
Transition Cost		4,912,813			200,094,692
Impairment		—			258,361,915
Interest Income		(93,429	)		(4,418,764	)
Interest Expense		628,027			93,431,063
FMV Stand Alone Caps		6,432,201			73,121,520
Other (income) / expense net		(178,418	)		(71,480,311	)
Net Income		(1,870,325	)		(849,474,290	)

Note: Obligations incurred by ANC Management Services, Inc., Republic Guy Salmon, Inc., and certain other subsidiaries are settled by ANC Rental Corporation then charged to the respective subsidiary by way of an intercompany charge.

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