HERTZ GLOBAL HOLDINGS, INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-747.0M | $-2.86B | $616.0M | $2.06B | $366.0M | $-1.71B | $-58.0M | $-225.0M |
| Depreciation & Amortization | $117.0M | $139.0M | $149.0M | $142.0M | $196.0M | $225.0M | $203.0M | — |
| Depreciation | $95.0M | $115.0M | $101.0M | $97.0M | $108.0M | $129.0M | $122.0M | $129.0M |
| Amortization | $22.0M | $25.0M | $48.0M | $45.0M | $88.0M | $96.0M | $81.0M | $89.0M |
| Stock-Based Compensation | — | — | — | — | $10.0M | $-2.0M | $18.0M | $14.0M |
| Net Cash from Operating Activities | $1.63B | $2.22B | $2.47B | $2.54B | $1.81B | $953.0M | $2.90B | $2.56B |
| Investing Activities | ||||||||
| Capital Expenditures | $97.0M | $105.0M | $188.0M | $150.0M | $71.0M | $98.0M | $224.0M | $177.0M |
| Business Acquisitions | — | — | — | — | — | — | $1.0M | $2.0M |
| Net Cash from Investing Activities | $-2.00B | $-2.93B | $-4.02B | $-4.23B | $-3.54B | $4.59B | $-4.43B | $-4.20B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $0 | $315.0M | $2.46B | $654.0M | $0 | $0 | $0 |
| Net Cash from Financing Activities | $372.0M | $658.0M | $1.31B | $487.0M | $2.85B | $-5.37B | $1.47B | $1.56B |
| Net Change in Cash | $34.0M | $-73.0M | $-212.0M | $-1.23B | $1.07B | $218.0M | $-50.0M | $-94.0M |
| Free Cash Flow | $1.53B | $2.12B | $2.29B | $2.39B | $1.74B | $855.0M | $2.68B | $2.38B |