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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	496	501	489	406	863	522
Depreciation & Amortization	2,240	2,240	2,228	2,085	2,030	1,909
Stock-Based Compensation	78	75	83	84	57	46
Other Adjustments	294	272	97	233	-45	5
Change in Receivables	-102	-33	-61	-26	-134	-240
Changes in Accounts Payable	-17	-63	-32	-7	-29	126
Changes in Accrued Expenses	-429	-453	-431	-337	-298	-63
Changes in Other Operating Activities	-33	53	-108	-85	-130	-133
Operating Cash Flow	2,526	2,594	2,265	2,353	2,310	2,175
Operating Cash Flow Growth	5.69%	14.52%	-3.74%	1.86%	6.21%	-0.27%
Capital Expenditures	-2,048	-2,135	-2,683	-3,234	-2,631	-1,941
Sale of Property, Plant & Equipment	481	486	551	827	1,235	822
Payments for Business Acquisitions	-11	-1	-314	-250	-458	-325
Other Investing Activities	-1	-	-	-6	4	-6
Investing Cash Flow	-1,578	-1,650	-2,446	-2,663	-1,850	-1,450
Short-Term Debt Issued	341	-3	296	-100	134	260
Net Short-Term Debt Issued (Repaid)	341	-3	296	-100	134	260
Long-Term Debt Issued	595	892	1,789	2,307	1,229	300
Long-Term Debt Repaid	-1,114	-1,119	-1,479	-1,481	-1,552	-608
Net Long-Term Debt Issued (Repaid)	-519	-227	310	826	-323	-308
Issuance of Common Stock	-13	-12	10	2	14	30
Repurchase of Common Stock	-585	-519	-321	-337	-557	-57
Net Common Stock Issued (Repurchased)	-598	-531	-311	-335	-543	-27
Common Dividends Paid	-146	-145	-135	-128	-123	-122
Other Financing Activities	-6	-6	-7	-7	-6	-7
Financing Cash Flow	-928	-912	153	256	-861	-204
Effect of Exchange Rate Changes on Cash and Cash Equivalents	12	13	-21	-9	-4	-1
Net Cash Flow	32	44	-50	-63	-405	521
Free Cash Flow	478	459	-418	-881	-321	234
Free Cash Flow Growth	4.14%	-	-	-	-	-77.39%
FCF Margin	3.78%	3.62%	-3.31%	-7.48%	-2.67%	2.42%
Free Cash Flow Per Share	11.67	10.98	-9.45	-18.95	-6.31	4.37
Levered Free Cash Flow	29	-89	69	-446	-380	369
Unlevered Free Cash Flow	1,066	1,036	302.26	-107.37	778.09	945.27

SEC Filings: 10-K · 10-Q