HGH - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Jun. 30, 2026 |
Mar. 31, 2026 |
Sep. 30, 2025 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Revenues: | ||||||||
| Revenues | $ 2,617 | $ 2,478 | $ 7,017 | $ 6,476 | ||||
| Expenses: | ||||||||
| Direct vehicle and operating | 1,547 | 1,454 | 4,345 | 4,122 | ||||
| Depreciation of revenue earning vehicles and lease charges, net | 468 | 457 | 1,436 | 1,407 | ||||
| Non-vehicle depreciation and amortization | 28 | 29 | 80 | 88 | ||||
| Selling, general and administrative | 256 | 241 | 750 | 706 | ||||
| Interest expense, net | 251 | 247 | 766 | 898 | ||||
| Other (income) expense, net | 5 | 3 | 6 | 14 | ||||
| (Gain) on sale of non-vehicle capital assets | 0 | (39) | (64) | (128) | ||||
| Legal settlement | (6) | (154) | (6) | (154) | ||||
| Change in fair value of Public Warrants | (19) | 6 | (150) | 130 | ||||
| Total expenses | 2,530 | 2,244 | 7,163 | 7,083 | ||||
| Income (loss) before income taxes | 87 | 234 | (146) | (607) | ||||
| Income tax (provision) benefit | 29 | (50) | (7) | 54 | ||||
| Net income (loss) | $ 116 | $ 64 | $ (333) | $ 184 | $ (294) | $ (443) | $ (153) | $ (553) |
| Weighted-average common shares outstanding: | ||||||||
| Basic (in shares) | 320 | 311 | 317 | 309 | ||||
| Diluted (in shares) | 475 | 364 | 396 | 309 | ||||
| Earnings (loss) per common share: | ||||||||
| Basic (in dollars per share) | $ 0.36 | $ 0.59 | $ (0.48) | $ (1.79) | ||||
| Diluted (in dollars per share) | $ 0.20 | $ 0.42 | $ (0.59) | $ (1.79) | ||||
| Vehicle | ||||||||
| Expenses: | ||||||||
| Interest expense, net | $ 163 | $ 161 | $ 474 | $ 453 | ||||
| Non-vehicle | ||||||||
| Expenses: | ||||||||
| Interest expense, net | $ 88 | $ 86 | $ 292 | $ 445 | ||||
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- Definition Earnings Per Share, Basic and Diluted EPS No definition available.
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- Definition Amount of expense for allocation of cost of tangible asset over its useful life directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) from sale and disposal of integrated set of activities and assets capable of being conducted and managed for purpose of providing return in form of dividend, lower cost, or other economic benefit to investor, owner, member and participant. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of cash paid for the settlement of litigation or for other legal issues during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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