Ryder System Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	502	489	406	867	519	-122
Depreciation & Amortization	1,766	1,747	1,712	1,730	1,794	1,544
Loss (Gain) From Sale of Assets	-75	-103	-214	-410	-271	-37
Asset Writedown & Restructuring Costs	47	31	53	-20	14	528
Other Operating Activities	704	585	725	599	290	218
Change in Accounts Receivable	-232	-61	-26	-134	-240	-5
Change in Inventory	-	-	-	-	-	20
Change in Accounts Payable	-39	-32	-7	-29	126	29
Change in Other Net Operating Assets	-431	-539	-422	-428	-196	-108
Operating Cash Flow	2,401	2,264	2,353	2,310	2,176	2,180
Operating Cash Flow Growth	8.25%	-3.78%	1.86%	6.16%	-0.18%	1.74%
Capital Expenditures	-2,004	-2,151	-2,470	-1,449	-1,193	-607
Sale of Property, Plant & Equipment	11	19	63	53	74	13
Cash Acquisitions	-2	-314	-250	-458	-325	-
Other Investing Activities	1	-	-6	4	-6	-7
Investing Cash Flow	-1,994	-2,446	-2,663	-1,850	-1,450	-601
Long-Term Debt Issued	-	2,085	2,307	1,363	560	2,084
Long-Term Debt Repaid	-	-1,479	-1,581	-1,552	-608	-3,432
Net Debt Issued (Repaid)	170	606	726	-189	-48	-1,348
Issuance of Common Stock	4	10	2	14	30	8
Repurchase of Common Stock	-389	-321	-337	-557	-57	-29
Common Dividends Paid	-142	-135	-128	-123	-122	-119
Other Financing Activities	-24	-7	-7	-6	-7	-19
Financing Cash Flow	-381	153	256	-861	-204	-1,507
Foreign Exchange Rate Adjustments	1	-21	-9	-4	-1	5
Net Cash Flow	27	-50	-63	-405	521	77
Free Cash Flow	397	113	-117	861	983	1,573
Free Cash Flow Growth	260.91%	-	-	-12.41%	-37.51%	-
Free Cash Flow Margin	3.13%	0.89%	-0.99%	7.17%	10.17%	18.68%
Free Cash Flow Per Share	9.35	2.56	-2.52	16.92	18.37	30.04
Cash Interest Paid	394	372	269	214	208	246
Cash Income Tax Paid	50	207	96	115	45	14
Levered Free Cash Flow	-256.25	-238	-425.38	1,089	412.95	1,024
Unlevered Free Cash Flow	-3.75	3.25	-240.38	1,232	546.7	1,187
Change in Working Capital	-702	-632	-455	-591	-310	-64

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