ZIPCAR INC

CIK:0001131457|SEC Filings

Statement of Operations Information (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net loss	$ 14,676	$ (7,152)	$ (14,125)
Wheelz, Inc.
Net sales	26
Gross loss	(252)
Net loss	$ (4,941)

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities
Net income (loss)	$ 14,187	$ (7,148)	$ (14,121)
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of acquisition
Depreciation and amortization	41,253	29,140	13,602
Amortization & accretion of debt related warrants and costs		1,566	1,274
Amortization & accretion of marketable securities	106	52
Stock-based compensation expense	5,561	4,108	2,774
Deferred income taxes	(10,974)
Loss on disposal of fixed assets	2,284	3,883	48
Redeemable convertible preferred stock warrant adjustment to fair value		724	78
Loss from equity method investments	1,325
Other noncash (income) expense		(99)
Changes in operating assets and liabilities
Accounts receivable	1,710	(3,303)	(516)
Prepaid expenses and other assets	4,860	(4,750)	(3,776)
Accounts payable	160	(202)	891
Accrued expenses	8,400	4,760	8,000
Deferred revenue	1,853	6,220	4,956
Net cash provided by operating activities, net of acquisition	70,725	34,951	13,210
Cash flows from investing activities
(Decrease) increase in deposits	(1,056)	154	(285)
Purchases of available-for-sale securities	(33,514)	(51,665)
Proceeds from sale of available-for-sale securities	33,495	12,955
(Increase) decrease in restricted cash	(8,123)	(3,261)	1,395
Cash paid in business combination, net of transaction costs	(2,967)		(7,735)
Payments to acquire additional interest in subsidiaries	(400)
Investment in equity method investee	(8,700)
Proceeds from sale of property and equipment	42,127	14,695	8,424
Purchases of property and equipment	(108,789)	(60,520)	(42,376)
Net cash used in investing activities	(87,927)	(87,642)	(40,577)
Cash flows from financing activities
Proceeds from issuance of debt, net of debt issuance costs	47,924	32,682	51,456
Proceeds from exercise of stock options and warrants	1,598	3,345	298
Proceeds from issuance of restricted stock		2,500
Proceeds from issuance of common stock in connection with initial public offering, net of issuance costs of $1,831		109,769
Proceeds from sale of Series G Preferred Stock, net of costs			20,935
Payments of principal under notes payable, capital lease obligations and other debt	(48,609)	(76,656)	(21,623)
Net cash provided by financing activities	913	71,640	51,066
Effect of exchange rate changes on cash and cash equivalents	(114)	(296)	78
Net (decrease) increase in cash and cash equivalents	(16,403)	18,653	23,777
Cash and cash equivalents
Beginning of period	61,658	43,005	19,228
End of period	45,255	61,658	43,005
Supplemental cash flow information
Cash paid for interest	3,132	7,108	6,347
Cash paid for taxes	300	258	301
Noncash investing and financing activities
Assets acquired under capital leases	29,010	18,976	15,088
Return of guaranteed residual value of expired leases		(1)	(1,472)
Issuance of note in connection with business combination			5,000
Issuance of note in connection with insurance premium	4,660
Issuance of common stock and warrants to purchase common stock in connection with business combination		$ (99)	$ 50,736

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 45,255	$ 61,658
Short-term marketable securities	22,238	24,788
Accounts receivable, net of allowance for doubtful accounts of $956 and $738 as of December 31, 2012 and 2011, respectively	6,613	7,452
Restricted cash	2,253	381
Deferred tax asset, net	3,953
Prepaid expenses and other current assets	13,728	13,665
Total current assets	94,040	107,944
Long-term marketable securities	16,258	13,809
Property and equipment, net	159,350	103,789
Goodwill	107,523	99,696
Intangible assets	2,887	4,754
Restricted cash	13,532	7,277
Noncurrent deferred tax asset	7,021
Deposits and other noncurrent assets	16,682	7,269
Total assets	417,293	344,538
Current liabilities
Accounts payable	6,472	6,069
Accrued expenses	26,223	20,003
Deferred revenue	21,182	19,369
Current portion of capital lease obligations and other debt	14,424	11,367
Total current liabilities	68,301	56,808
Capital lease obligations and other debt, net of current portion	94,716	58,908
Deferred revenue, net of current portion	4,925	4,659
Other liabilities	778	2,313
Total liabilities	168,720	122,688
Commitments and contingencies (Note 11)
Redeemable non-controlling interest	1,073	400
Stockholders' equity:
Preferred stock, $0.001 par value: 10,000,000 shares authorized at December 31, 2012 and 2011; 0 shares issued and outstanding at December 31, 2012 and 2011
Common stock, $0.001 par value: 500,000,000 shares authorized at December 31, 2012 and 2011; 40,121,660 and 39,655,840 shares issued and outstanding at December 31, 2012 and 2011, respectively	40	40
Additional paid-in capital	302,635	294,107
Accumulated deficit	(57,975)	(72,651)
Accumulated other comprehensive income (loss)	2,800	(46)
Total stockholders' equity	247,500	221,450
Total liabilities and equity	$ 417,293	$ 344,538