Ryder System, Inc. (R) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 583M | 749M | 442M | 752M | 651M | 557M | 629M | 552M | 526M | 511M | 621M | 743M | 478M | 523.59M | 683M | 637M | 466M | 490.42M | 553.66M | 665.52M |
| Operating CF Margin % | 18.65% | 23.59% | 13.94% | 23.58% | 20.79% | 17.47% | 19.85% | 17.35% | 16.98% | 16.9% | 21.24% | 25.76% | 16.19% | 16.96% | 22.5% | 21% | 16.33% | 18.86% | 22.52% | 27.94% |
| Operating CF Growth % | -10.45% | 34.47% | -29.73% | 36.23% | 23.76% | 9% | 1.29% | -25.71% | 10.04% | -2.4% | -9.08% | 16.64% | 2.58% | 6.76% | 23.36% | -4.29% | 0.06% | 1.18% | -7.38% | 0.81% |
| Net Income | 93M | 133M | 138M | 132M | 98M | 135M | 142M | 127M | 85M | 124M | 160M | -18M | 140M | 200.42M | 247M | 240M | 176M | 181.79M | 138.66M | 149.57M |
| Depreciation & Amortization | 528M | 570M | 555M | 650M | 465M | 469M | 536M | 653M | 463M | 473M | 440M | 428M | 473M | 477.64M | 449M | 443M | 461M | 449.33M | 456.58M | 429.15M |
| Stock-Based Compensation | 18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 4M | 32M | 140M | -29M | -13M | 50M | -9M | -10M | -10M | -14M | 35M | 52M | 42M | 79.7M | 63M | 65M | 58M | 39.95M | 29.8M | 40.92M |
| Other Non-Cash Items | -60M | 50M | 60M | -32M | 141M | 146M | 42M | -52M | 130M | 115M | 69M | 252M | 37M | 12.85M | -14M | -38M | -20M | -29.38M | 3.66M | 16.36M |
| Working Capital Changes | 0 | -36M | -451M | 31M | -40M | -242M | -82M | -166M | -142M | -187M | -83M | 29M | -214M | -247.02M | -62M | -73M | -209M | -151.27M | -75.04M | 29.52M |
| Change in Receivables | -33M | 201M | -248M | -22M | 36M | 2M | -17M | -54M | 8M | -44M | -74M | 99M | -7M | 8.08M | 45M | -123M | -64M | -79.88M | -55.13M | -100.72M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1M | 0 | 4M | 1.15M | 3M | -7M | -6M | -1.84M | -4.23M | -2.49M |
| Change in Payables | 57M | -29M | -47M | 2M | 11M | -5M | 8M | -2M | -33M | -20M | 15M | -47M | 45M | -20.63M | -90M | 69M | 13M | 6.66M | 53.37M | 91.41M |
| Cash from Investing | -438M | -300M | -407M | -550M | -393M | -644M | -497M | -495M | -810M | -849M | -607M | -830M | -377M | -498.77M | -369M | -199M | -783M | -588.83M | -327.5M | -307.45M |
| Capital Expenditures | -427M | -405M | -527M | -689M | -514M | -761M | -598M | -638M | -686M | -777M | -805M | -1.01B | -641M | -714.3M | -722M | -611M | -584M | -513.73M | -523.28M | -523.35M |
| CapEx % of Revenue | 13.66% | 12.76% | 16.62% | 21.61% | 16.42% | 23.86% | 18.88% | 20.05% | 22.14% | 25.7% | 27.53% | 35.06% | 21.71% | 23.13% | 23.79% | 20.14% | 20.46% | 19.76% | 21.28% | 21.97% |
| Acquisitions | -11M | 0 | 0 | 0 | -1M | -1M | -16M | 0 | -297M | -250M | 0 | 0 | 0 | -9.92M | -18M | -5M | -425M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 105M | 120M | 139M | 122M | 118M | 117M | 143M | 173M | 178M | 198M | 181M | 264M | 225.45M | 371M | 417M | 226M | -75.11M | 195.78M | 215.9M |
| Cash from Financing | 0 | -443M | -25M | -183M | -261M | 88M | -129M | -122M | 316M | 382M | -69M | 69M | -126M | -260.61M | -270M | -200M | -130M | 564.35M | -289.08M | -180.87M |
| Debt Issued (Net) | 0 | -241M | 103M | -60M | -32M | 159M | 43M | -17M | 421M | 471M | 92M | 186M | -23M | 5.64M | -242M | -172M | 220M | 591.88M | -252.13M | -143.18M |
| Equity Issued (Net) | 0 | -164M | -90M | -87M | -190M | -35M | -135M | -73M | -68M | -54M | -130M | -83M | -68M | -236.69M | 3M | 3M | -312M | 6.75M | -4.58M | -7.18M |
| Dividends Paid | -39M | -37M | -37M | -33M | -38M | -34M | -35M | -31M | -35M | -32M | -33M | -28M | -35M | -29.12M | -31M | -29M | -34M | -30.52M | -30.47M | -29.57M |
| Share Repurchases | -233M | -164M | -90M | -87M | -190M | -39M | -141M | -73M | -68M | -55M | -130M | -83M | -68M | -250.69M | 3M | 3M | -312M | 435K | -7.67M | -7.18M |
| Other Financing | 39M | -1M | -1M | -3M | -1M | -2M | -2M | -1M | -2M | -3M | 2M | -6M | 0 | -440K | 0 | -2M | -4M | -3.77M | -1.9M | -941K |
| Net Change in Cash | -16M | 9M | 9M | 29M | -3M | -8M | -2M | -70M | 30M | 45M | -59M | -35M | -14M | -189.29M | 8M | 226M | -451M | 470.59M | -65.26M | 176.25M |
| Free Cash Flow | 156M | 344M | -85M | 63M | 137M | -203M | 31M | -86M | -160M | -266M | -184M | -268M | -163M | -190.71M | -39M | 26M | -118M | -23.31M | 30.37M | 142.17M |
| FCF Margin % | 4.99% | 10.83% | -2.68% | 1.98% | 4.38% | -6.37% | 0.98% | -2.7% | -5.16% | -8.8% | -6.29% | -9.29% | -5.52% | -6.18% | -1.28% | 0.86% | -4.13% | -0.9% | 1.24% | 5.97% |
| FCF Growth % | 13.87% | 269.46% | -374.19% | 173.26% | 185.63% | 23.68% | 116.85% | 67.91% | 1.84% | -39.48% | -371.79% | -1130.77% | -38.14% | -718.18% | -228.4% | -81.71% | -239.38% | -110.71% | -92.83% | -63.19% |
| FCF per Share | 3.94 | 8.43 | -2.04 | 1.49 | 3.19 | -4.68 | 0.71 | -1.93 | -3.56 | -5.86 | -3.98 | -5.83 | -3.43 | -3.87 | -0.76 | 0.51 | -2.25 | -0.43 | 0.57 | 2.65 |
| FCF Conversion (FCF/Net Income) | 6.27x | 5.63x | 3.20x | 5.74x | 6.64x | 4.13x | 4.43x | 4.35x | 6.19x | 4.12x | 3.86x | -41.28x | 3.44x | 2.54x | 2.78x | 2.66x | 2.65x | 2.72x | 4.01x | 4.46x |
| Interest Paid | 0 | 109M | 96M | 107M | 87M | 104M | 89M | 101M | 78M | 70M | 76M | 60M | 63M | 56.96M | 57M | 52M | 48M | 0 | 0 | 0 |
| Taxes Paid | 0 | 6M | 9M | 28M | 9M | 4M | 61M | 135M | 7M | 18M | 11M | 50M | 17M | 18.94M | 29M | 58M | 9M | 0 | 0 | 0 |