Ryder System Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $499.0M | $489.0M | $406.0M | $867.0M | $519.0M | $-122.0M | $-24.4M | $284.6M |
| Depreciation & Amortization | $2.24B | $2.23B | $2.09B | — | — | — | — | — |
| Depreciation | $1.70B | $1.69B | $1.71B | $1.71B | $1.79B | $2.03B | $1.88B | $1.39B |
| Amortization | $52.0M | $53.0M | $35.0M | $37.0M | $8.0M | $8.0M | $8.0M | $8.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | $25.0M |
| Net Cash from Operating Activities | $2.59B | $2.27B | $2.35B | $2.31B | $2.18B | $2.18B | $2.14B | $1.72B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.14B | $2.68B | $3.23B | $2.63B | $1.94B | $1.15B | $3.74B | $3.05B |
| Business Acquisitions | $1.0M | $314.0M | $250.0M | $458.0M | $325.0M | $0 | $0 | $167.4M |
| Net Cash from Investing Activities | $-1.65B | $-2.45B | $-2.66B | $-1.85B | $-1.45B | $-601.0M | $-3.22B | $-2.82B |
| Financing Activities | ||||||||
| Dividends Paid | $145.0M | $135.0M | $128.0M | $123.0M | $122.0M | $119.0M | $116.5M | $111.9M |
| Stock Repurchases | $519.0M | $321.0M | $337.0M | $557.0M | $57.0M | $29.0M | $27.7M | $30.8M |
| Net Cash from Financing Activities | $-912.0M | $153.0M | $256.0M | $-861.0M | $-204.0M | $-1.51B | $1.08B | $1.09B |
| Net Change in Cash | $44.0M | $-50.0M | $-63.0M | $-405.0M | $521.0M | $77.0M | $5.5M | $-14.9M |
| Free Cash Flow | $459.0M | $-418.0M | $-881.0M | $-321.0M | $234.0M | $1.04B | $-1.59B | $-1.33B |