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Filing tables
Filing exhibits
- 10-K Annual report
- 4.1 Second Supplemental Indenture
- 10.6 Employment Agreement - Patric T. Siniscalchi
- 10.15 Form of Award Agreement - Stock Options
- 10.15 Form of Award Agreement - Stock Options
- 10.16 Avis Budget Group, Inc. Non-employee Directors Deferred Compensation Plan
- 10.17 Avis Budget Group, Inc. Deferred Compensation Plan
- 10.18 Avis Budget Group, Inc. Savings Restoration Plan
- 10.20 Avis Rent a CAR System, LLC Pension Plan
- 10.33 First Amendment to the Amended and Restated Series 2005-2 Supplement
- 10.34 Third Amendment to the Series 2005-4 Supplement
- 10.36 First Amendment to the Series 2007-2 Supplement
- 10.41 Amendment NO.4 to the Series 2006-1 Supplement
- 10.49 Amending Agreement No. 9
- 12 Statement Re: Computation of Ratio of Earnings to Fixed Charges
- 21 Subsidiaries of Registrant
- 23 Consent of Independent Registered Public Accounting Firm
- 31.1 Certification of Chief Executive Officer
- 31.2 Certification of Chief Financial Officer
- 32 Certifications Pursuant to 18 U.s.c. Section 1350
Related press release
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Exhibit 12
Avis Budget Group, Inc.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Year Ended December 31, | |||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Earnings available to cover fixed charges: | |||||||||||||||||||
Income (loss) from continuing operations before | $ | (1,343 | ) | $ | (992 | ) | $ | (677 | ) | $ | (62 | ) | $ | 7 | |||||
Plus: Fixed charges | 464 | 556 | 693 | 569 | 607 | ||||||||||||||
Earnings available to cover fixed charges | $ | (879 | ) | $ | (436 | ) | $ | 16 | $ | 507 | $ | 614 | |||||||
Fixed charges: | |||||||||||||||||||
Interest, including amortization of deferred | $ | 402 | $ | 497 | $ | 632 | $ | 512 | $ | 553 | |||||||||
Interest portion of rental payment | 62 | 59 | 61 | 57 | 54 | ||||||||||||||
Total fixed charges | $ | 464 | $ | 556 | $ | 693 | 569 | $ | 607 | ||||||||||
Ratio of earnings to fixed charges(b) | - | - | - | - | 1.01x | ||||||||||||||
(a) | Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. Interest expense on all indebtedness is detailed as follows: |
Year Ended December 31, | |||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
Related to the debt under vehicle programs | $ | 266 | $ | 356 | $ | 361 | $ | 313 | $ | 263 | |||||
All other | 136 | 141 | 271 | 199 | 290 | ||||||||||
$ | 402 | $ | 497 | $ | 632 | $ | 512 | $ | 553 | ||||||
Does not include interest expense from discontinued operations of $87 million, $163 million and $371 million for the years ended December 31, 2006, 2005 and 2004, respectively. |
(b) | Earnings were not sufficient to cover fixed charges in 2008, 2007, 2006 and 2005. |
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