← RYDER SYSTEM INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $863.0m $406.0m $489.0m $501.0m
Net Income (Loss) Attributable to Parent $262.5m $790.6m $273.3m ($24.4m) ($122.2m) $519.0m $867.0m $406.0m $489.0m $499.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $264.6m $791.0m $275.6m ($23.3m) ($112.0m) $521.6m $863.0m $406.0m $489.0m $501.0m
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent ($2.2m) ($457k) ($2.3m) ($1.1m) ($10.3m) ($2.6m) $4.0m $0 $0 ($2.0m)
Depreciation, Depletion and Amortization $1.2b $1.3b $1.4b $1.9b $2.0b $1.8b $1.7b $1.7b $1.7b $2.2b
Amortization of Intangible Assets $6.0m $6.0m $8.0m $8.0m $8.0m $8.0m $37.0m $35.0m $53.0m $52.0m
Depreciation $1.2b $1.3b $1.4b $1.9b $2.0b $1.8b $1.7b $1.7b $1.7b $1.7b
Amortization Cash Flow — — — — — — $118.0m $102.0m $160.0m $156.0m
Amortization Of Intangibles — — — — — — $118.0m $102.0m $160.0m $156.0m
Depreciation Amortization Depletion — — — — — — $1.8b $2.1b $2.2b $2.2b
Deferred Income Tax Expense (Benefit) $124.9m ($499.8m) $104.6m ($32.3m) ($32.9m) $126.2m $266.0m $115.0m $21.0m $130.0m
Deferred Income Tax — — — — — — $266.0m $115.0m $21.0m $130.0m
Deferred Tax — — — — — — $266.0m $115.0m $21.0m $130.0m
Share-based Payment Arrangement, Noncash Expense $18.7m $19.0m $25.0m — — — — — — —
Share-based Payment Arrangement, Expense $18.7m — — $25.8m $30.0m $47.0m $46.0m $44.0m $42.0m $39.0m
Goodwill, Impairment Loss — $0 $15.5m $0 $0 — — — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $7.1m $26.1m $2.5m $17.6m $13.3m $73.7m $53.0m $63.0m $19.0m $18.0m
Income Tax Expense (Benefit) $141.7m ($477.2m) $98.3m ($19.0m) ($18.4m) $171.0m $353.0m $212.0m $172.0m $184.0m
Operating Lease, Lease Income — — — — $3.7b $4.0b $4.2b $3.9b $3.8b $3.9b
Other Nonoperating Income (Expense) $13.1m $44.2m $5.4m $33.6m $21.9m $66.0m $32.0m $47.0m $34.0m $26.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $5.9m $3.3m $5.8m $1.3m ($20.1m) $7.5m $9.0m — — —
Debt and Equity Securities, Realized Gain (Loss) — — — — — — — $17.0m $20.0m $21.0m
Debt and Equity Securities, Unrealized Gain (Loss) — — — — — — — $17.0m $20.0m $21.0m
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — — ($188.0m) $0 $0
Gain (Loss) on Sale of Properties — $24.1m $0 $18.6m $5.4m $42.0m $36.0m — — —
Gain (Loss) Related to Litigation Settlement — $1.6m $817k $0 — — — — — —
Goodwill $386.8m $395.5m $475.2m $475.0m $475.2m $570.9m $861.0m $940.0m $1.2b $1.2b
Sales-type Lease, Selling Profit (Loss) — — — ($121.2m) ($114.5m) ($138.7m) — — — —
Beginning Cash Position — — — — — — $672.0m $267.0m $204.0m $154.0m
Cash Flow From Continuing Financing Activities — — — — — — ($861.0m) $256.0m $153.0m ($912.0m)
Cash Flow From Continuing Investing Activities — — — — — — ($1.9b) ($2.7b) ($2.4b) ($1.6b)
Cash Flow From Discontinued Operation — — — — — — $0 $0 ($1.0m) ($1.0m)
Change In Account Payable — — — — — — ($29.0m) ($7.0m) ($32.0m) ($63.0m)
Change In Accrued Expense — — — — — — ($298.0m) ($337.0m) ($431.0m) ($453.0m)
Change In Inventory — — — — — ($7.5m) ($9.0m) — — —
Change In Payable — — — — — — ($29.0m) ($7.0m) ($32.0m) ($63.0m)
Change In Payables And Accrued Expense — — — — — — ($327.0m) ($344.0m) ($463.0m) ($516.0m)
Change In Prepaid Assets — — — — — — ($130.0m) ($85.0m) ($108.0m) $53.0m
Change In Receivables — — — — — — ($134.0m) ($26.0m) ($61.0m) ($33.0m)
Change In Working Capital — — — — — — ($591.0m) ($455.0m) ($632.0m) ($496.0m)
Changes In Cash — — — — — — ($401.0m) ($54.0m) ($29.0m) $31.0m
End Cash Position — — — — — — $267.0m $204.0m $154.0m $198.0m
Financing Cash Flow — — — — — — ($861.0m) $256.0m $153.0m ($912.0m)
Free Cash Flow — — — — — — ($321.0m) ($881.0m) ($418.0m) $459.0m
Gain Loss On Sale Of PPE — — — — — — ($450.0m) ($196.0m) ($72.0m) ($22.0m)
Investing Cash Flow — — — — — — ($1.9b) ($2.7b) ($2.4b) ($1.6b)
Issuance Of Capital Stock — — — — — $30.0m $14.0m $2.0m $10.0m —
Net Business Purchase And Sale — — — — — — ($458.0m) ($250.0m) ($314.0m) ($1.0m)
Net Foreign Currency Exchange Gain Loss — — — — — — $0 $188.0m $0 $0
Net PPE Purchase And Sale — — — — — — ($1.4b) ($2.4b) ($2.1b) ($1.6b)
Operating Gains Losses — — — — — — ($393.0m) $76.0m $11.0m $53.0m
Other Non Cash Items — — — — — — $334.0m $126.0m $148.0m $166.0m
Pension And Employee Benefit Expense — — — — — — $57.0m $84.0m $83.0m $75.0m
Purchase Of Business — — — — — — ($458.0m) ($250.0m) ($314.0m) ($1.0m)
Purchase Of PPE $1.9b $1.9b $3.1b $3.7b $1.1b $1.9b ($2.6b) ($3.2b) ($2.7b) ($2.1b)
Repurchase Of Capital Stock — — — — — — ($557.0m) ($337.0m) ($321.0m) ($531.0m)
Sale Of PPE — — — — — — $1.2b $827.0m $551.0m $486.0m
Net Cash Provided by (Used in) Operating Activities $1.6b $1.5b $1.6b $2.1b $2.2b $2.2b $2.3b $2.4b $2.3b $2.6b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($2.6b) ($3.2b) ($2.7b) ($2.1b)
Payments to Acquire Businesses, Net of Cash Acquired $0 $7.2m $167.4m $0 $0 $325.1m $458.0m $250.0m $314.0m $1.0m
Payments for (Proceeds from) Other Investing Activities — — — — ($6.7m) $5.0m ($4.0m) $6.0m $0 $0
Net Other Investing Changes — — — — — ($6.0m) $4.0m ($6.0m) — —
Net Cash Provided by (Used in) Investing Activities ($1.4b) ($1.4b) ($2.7b) ($3.2b) ($601.0m) ($1.4b) ($1.9b) ($2.7b) ($2.4b) ($1.6b)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $1.2b $2.3b $1.8b $892.0m
Long Term Debt Issuance — — — — — — $1.2b $2.3b $1.8b $892.0m
Net Issuance Payments Of Debt — — — — — — ($189.0m) $726.0m $606.0m ($230.0m)
Net Long Term Debt Issuance — — — — — — ($323.0m) $826.0m $310.0m ($227.0m)
Net Short Term Debt Issuance — — — — — — $134.0m ($100.0m) $296.0m ($3.0m)
Long Term Debt Payments — — — — — — ($1.6b) ($1.5b) ($1.5b) ($1.1b)
Repayment Of Debt — — — — — — ($1.6b) ($1.5b) ($1.5b) ($1.1b)
Proceeds from Issuance of Common Stock — — — — — — — — — ($12.0m)
Common Stock Issuance — — — — — $30.0m $14.0m $2.0m $10.0m —
Net Common Stock Issuance — — — — — — ($543.0m) ($335.0m) ($311.0m) ($531.0m)
Payments for Repurchase of Common Stock $37.3m $78.3m $30.8m $27.7m $29.2m $56.2m $557.0m $337.0m $321.0m $519.0m
Payments of Ordinary Dividends, Common Stock $91.0m $95.8m $111.9m $116.5m $119.0m $121.8m $123.0m $128.0m $135.0m $145.0m
Common Stock Payments — — — — — — ($557.0m) ($337.0m) ($321.0m) ($531.0m)
Cash Dividends Paid — — — — — — ($123.0m) ($128.0m) ($135.0m) ($145.0m)
Common Stock Dividend Paid — — — — — — ($123.0m) ($128.0m) ($135.0m) ($145.0m)
Proceeds from (Payments for) Other Financing Activities — — — — ($10.6m) ($7.1m) ($6.0m) ($7.0m) ($7.0m) ($6.0m)
Net Other Financing Charges — — — — — — ($6.0m) ($7.0m) ($7.0m) ($6.0m)
Net Cash Provided by (Used in) Financing Activities ($185.9m) ($155.1m) $1.1b $1.1b ($1.5b) ($203.7m) ($861.0m) $256.0m $153.0m ($912.0m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($9.5m) ($5.5m) $4.7m ($4.3m) $5.1m ($617k) ($4.0m) ($9.0m) ($21.0m) $13.0m
Effect Of Exchange Rate Changes — — — — — — ($4.0m) ($9.0m) ($21.0m) $13.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($9.5m) ($5.5m) $4.7m ($4.3m) $77.7m $522.0m ($405.0m) ($63.0m) ($50.0m) $44.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $68.1m $73.6m $151.3m $673.3m $267.0m $204.0m $154.0m $198.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($405.0m) ($63.0m) ($50.0m) $44.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $161.8m $225.8m $245.8m $208.1m $214.0m $269.0m $372.0m $399.0m
Income Taxes Paid, Net $14.1m $13.7m $23.0m $6.3m $14.3m $45.2m $115.0m $96.0m $207.0m $52.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.