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HRZ Hertz

Hertz Holdings was incorporated in Delaware in 2015 to serve as the top-level holding company for Rental Car Intermediate Holdings, LLC, which wholly owns Hertz, our primary operating company. Hertz was incorporated in Delaware in 1967 and is a successor to corporations that have been engaged in the vehicle rental and leasing business since 1918.

Company profile

Ticker
HRZ
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
SEC CIK

Calendar

25 Feb 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Hertz earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.51B 1.51B 1.51B 1.51B 1.51B 1.51B
Cash burn (monthly) 125M (positive/no burn) 129.33M 171M (positive/no burn) (positive/no burn)
Cash used (since last report) 446.39M n/a 461.87M 610.67M n/a n/a
Cash remaining 1.06B n/a 1.05B 896.33M n/a n/a
Runway (months of cash) 8.5 n/a 8.1 5.2 n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Competition
Id SystemsAvis BudgetHyreCar
Risks
  • An impairment of our goodwill and other indefinite-lived intangible assets could have a material impact to our results of operation.
  • Our common stock has been delisted from trading on the NYSE, which may negatively impact the trading price of our common stock and our stockholders.
  • Our post-bankruptcy capital structure is yet to be determined, and any changes to our capital structure may have a material adverse effect on existing debt and security holders.
  • We have identified material weaknesses in our internal control over financial reporting which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  • Hertz Holdings is a holding company with no operations of its own and depends on its subsidiaries for cash.
Management Discussion
  • COVID-19 has caused a substantial reduction to airline travel during 2020. As a large portion of our business is generated at airport locations, these disruptions have had, and we expect it to continue to have, a material adverse impact on our results of operations until such travel returns to historic levels.
  • HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
  • ITEM 7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued)
Content analysis
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Positive
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Constraining
Legalese
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Readability
H.S. freshman Avg
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