v3.26.1
HGH - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:            
Revenues $ 2,396   $ 2,185   $ 4,400 $ 3,998
Expenses:            
Direct vehicle and operating 1,454   1,394   2,798 2,668
Depreciation of revenue earning vehicles and lease charges, net 487   415   968 950
Non-vehicle depreciation and amortization 26   29   52 59
Selling, general and administrative 258   246   494 465
Interest expense, net 259   384   515 651
Other (income) expense, net 3   7   1 11
(Gain) on sale of non-vehicle capital assets (64)   (89)   (64) (89)
Change in fair value of Public Warrants (98)   115   (131) 124
Total expenses 2,325   2,501   4,633 4,839
Income (loss) before income taxes 71   (316)   (233) (841)
Income tax (provision) benefit (7)   22   (36) 104
Net income (loss) $ 64 $ (333) $ (294) $ (443) $ (269) $ (737)
Weighted-average common shares outstanding:            
Basic (in shares) 317   309   315 308
Diluted (in shares) 418   309   358 308
Earnings (loss) per common share:            
Basic (in dollars per share) $ 0.20   $ (0.95)   $ (0.85) $ (2.39)
Diluted (in dollars per share) $ 0.05   $ (0.95)   $ (0.87) $ (2.39)
Vehicle            
Expenses:            
Interest expense, net $ 165   $ 152   $ 311 $ 292
Non-vehicle            
Expenses:            
Interest expense, net $ 94   $ 232   $ 204 $ 359