赫兹租车 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGEACT OF1934 Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d) of theSecurities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to The Hertz CorporationAs a voluntary filer, The Hertz Corporation is not subject to the filing requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"). The Hertz Corporation has filed all reports pursuant to Section 13 or 15(d) of the Exchange Act during the preceding 12 months as if it wassubject to such filing requirements. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period Hertz Global Holdings,Inc.Yes☒No☐The Hertz CorporationYes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a TABLE OF CONTENTS PART I. FINANCIAL INFORMATIONITEM 1.Condensed Consolidated Financial Statements (Unaudited)ITEM 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsITEM 3.Quantitative and Qualitative Disclosures About Market RiskITEM 4.Controls and ProceduresPART II. OTHER INFORMATION PART I. FINANCIAL INFORMATION ITEM 1.CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Index Hertz Global Holdings, Inc. and Subsidiaries Condensed Consolidated Balance Sheets as ofMarch31, 2025and December 31, 2024Condensed Consolidated Statements of Operations for the ThreeMonths EndedMarch31, 2025and 2024Condensed Consolidated Statements of Comprehensive Income (Loss) for the ThreeMonths EndedMarch31,2025and 2024Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the Three Months Ended The Hertz Corporation and Subsidiaries Condensed Consolidated Balance Sheets as ofMarch31, 2025and December 31, 2024Condensed Consolidated Statements of Operations for the ThreeMonths EndedMarch31, 2025and 2024Condensed Consolidated Statements of Comprehensive Income (Loss) for the ThreeMonths EndedMarch31,2025and 2024Condensed Consolidated Statements of Changes in Stockholder's Equity (Deficit) for the Three Months Ended Notes to the Condensed Consolidated Financial Statements Note 1BackgroundNote 2Basis of Presentation and Recently Issued Accounting PronouncementsNote3Revenue Earning VehiclesNote4DebtNote5LeasesNote6Income Tax (Provision) BenefitNote7Public Warrants, Equity and Earnings (Loss) Per Common Share – Hertz GlobalNote8Stock-Based CompensationNote9Financial InstrumentsNote 10Fair Value MeasurementsNote 11Contingencies and Off-Balance Sheet CommitmentsNote 12Segment InformationNote 13Subsequent Events HERTZ GLOBAL HOLDINGS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS HERTZ GLOBAL HOLDINGS,INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS THE HERTZ CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS HERTZ GLOBAL HOLDINGS,INC. AND SUBSIDIARIESTHE HERTZ CORPORATION AND SUBSIDIARIES Note 1—Background Hertz Global Holdings, Inc. ("Hertz Global" when including its subsidiaries and VIEs and "Hertz Holdings" when excluding itssubsidiaries and VIEs) was incorporated in Delaware in 2015 to serve as the top-level holding company for Rental CarIntermediate Holdings, LLC, which wholly owns The Hertz Corporation ("Hertz" and interchangeably with Hertz Global, the Hertz operates its vehicle rental business globally primarily through the Hertz, Dollar and Thrifty brands from company-operated and franchisee locations in the United States ("U.S."), Europe, Africa, Asia, Australia, Canada, the Caribbean, Latin Note 2—Basis of Presentation and Recently Issued Accounting Pronouncements Basis of Presentation This Quarterly Report on Form10-Q ("Quarterly Report") combines the quarterly reports on Form 10-Q for the quarterly periodended March31, 2025 of Hertz Global and Hertz. Hertz Global consolidates Hertz for financial statement purposes and,therefore, disclosures that relate to activities of Hertz also apply to Hertz Global. In the sections that combine disclosure ofHertz Global and Hertz, this report refers to actions as being actions of the Company, or Hertz Global, which is appropriate Theaccompanying una