Ryder System Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	499	489	406	867	519
Depreciation & Amortization	2,136	2,121	1,948	1,730	1,794
Loss (Gain) From Sale of Assets	-69	-103	-216	-410	-271
Asset Writedown & Restructuring Costs	47	31	55	-20	14
Other Operating Activities	309	211	489	599	290
Change in Accounts Receivable	-33	-61	-26	-134	-240
Change in Accounts Payable	-63	-32	-7	-29	126
Change in Other Net Operating Assets	-400	-539	-422	-428	-196
Operating Cash Flow	2,593	2,264	2,353	2,310	2,176
Operating Cash Flow Growth	14.53%	-3.78%	1.86%	6.16%	-0.18%
Capital Expenditures	-1,667	-2,151	-2,470	-1,449	-1,193
Sale of Property, Plant & Equipment	18	19	63	53	74
Cash Acquisitions	-1	-314	-250	-458	-325
Other Investing Activities	-	-	-6	4	-6
Investing Cash Flow	-1,650	-2,446	-2,663	-1,850	-1,450
Long-Term Debt Issued	892	2,085	2,307	1,363	560
Long-Term Debt Repaid	-1,122	-1,479	-1,581	-1,552	-608
Net Debt Issued (Repaid)	-230	606	726	-189	-48
Issuance of Common Stock	-	10	2	14	30
Repurchase of Common Stock	-519	-321	-337	-557	-57
Common Dividends Paid	-145	-135	-128	-123	-122
Other Financing Activities	-18	-7	-7	-6	-7
Financing Cash Flow	-912	153	256	-861	-204
Foreign Exchange Rate Adjustments	13	-21	-9	-4	-1
Net Cash Flow	44	-50	-63	-405	521
Free Cash Flow	926	113	-117	861	983
Free Cash Flow Growth	719.47%	-	-	-12.41%	-37.51%
Free Cash Flow Margin	7.31%	0.89%	-0.99%	7.17%	10.17%
Free Cash Flow Per Share	22.15	2.56	-2.52	16.92	18.37
Cash Interest Paid	399	372	269	214	208
Cash Income Tax Paid	52	207	96	115	45
Levered Free Cash Flow	752.75	136	-211.25	1,089	412.95
Unlevered Free Cash Flow	1,005	377.25	-26.25	1,232	546.7
Change in Working Capital	-496	-632	-455	-591	-310

Source: S&P Global Market Intelligence. Standard template. Financial Sources.