Ryder System Inc. (R) Financial Statements (2024 and earlier)

Company Profile

Business Address 11690 N.W. 105TH STREET
MIAMI, FL 33178
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 751 - Automotive Rental And Leasing, Without Drivers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2042672341517468
Cash and cash equivalents2042672341517468
Restricted cash and investments   439   
Receivables1,7141,6101,4651,1821,2281,219
Inventory, net of allowances, customer advances and progress billings  7869618179
Inventory  7869618179
Prepaid expense      33
Other current assets      42
Other undisclosed current assets347245254201179126
Total current assets:2,2652,2002,4611,5961,5621,568
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 4838404044✕
Operating lease, right-of-use asset1,016715341256215✕
Nontrade receivables      29
Property, plant and equipment     918844
Long-term investments and receivables      376
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕✕✕✕✕376
Intangible assets, net (including goodwill)1,3361,156741518526534
Goodwill940861571475475475
Intangible assets, net (excluding goodwill)396295170435159
Other noncurrent assets      30
Other undisclosed noncurrent assets11,11310,28610,25110,52211,2119,670
Total noncurrent assets:13,51312,19511,37411,33612,91311,483
TOTAL ASSETS:15,77814,39513,83412,93214,47513,051
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2561,1691,092822831981
Interest and dividends payable✕✕✕37394640
Taxes payable✕✕✕9533
Employee-related liabilities✕✕✕210158126150
Accounts payable833767748547595732
Accrued liabilities42340287736156
Deferred revenue177178183183165✕
Debt1,5831,3491,3335171,155930
Deferred compensation liability  56565
Restructuring reserve   10878
Contract with customer, liability✕✕✕✕✕✕16
Other undisclosed current liabilities633615576519462354
Total current liabilities:3,6493,3163,2012,0532,6252,292
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,5315,0035,2466,0946,7705,694
Long-term debt, excluding current maturities     227 
Capital lease obligations✕✕✕✕✕✕14
Finance lease, liability 3329313539✕
Other undisclosed long-term debt and lease obligation5,4984,9745,2156,0596,3535,679
Liabilities, other than long-term debt3,5293,1392,5892,5302,603850
Deferred income tax liabilities1,6581,5711,2751,1261,161✕
Other liabilities1,8711,5681,3141,4041,442850
Operating lease, liability     151✕
Other undisclosed noncurrent liabilities      1,305
Total noncurrent liabilities:9,0608,1427,8368,6239,3747,848
Total liabilities:12,70911,45811,03610,67611,99910,141
Equity
Equity, attributable to parent3,0692,9372,7982,2562,4762,910
Common stock222327272727
Additional paid in capital1,1481,1921,1941,1331,1091,084
Accumulated other comprehensive loss(655)(796)(689)(817)(836)(911)
Retained earnings2,5542,5182,2661,9132,1782,711
Total equity:3,0692,9372,7982,2562,4762,910
TOTAL LIABILITIES AND EQUITY:15,77814,39513,83412,93214,47513,051

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues11,78312,0119,6638,4208,9268,409
Operating leases, income statement, lease revenue✕✕✕✕✕✕3,508
Operating lease, lease income3,9374,1743,9943,704 ✕
Gross profit:11,78312,0119,6638,4208,9268,409
Operating expenses(1,421)(1,415)(1,055)(922)(907)(855)
Operating income:10,36210,5968,6087,4998,0187,554
Nonoperating income (expense)(141)326622345
Loss, foreign currency transaction, before tax (188)     
Other nonoperating income47326622345
Interest and debt expense(296)(228)(214)(261)(241)(179)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (7,389)(7,853)(7,007)
Income (loss) from continuing operations before equity method investments, income taxes:9,92510,4008,460(130)(42)374
Other undisclosed loss from continuing operations before income taxes(9,307)(9,184)(7,768)   
Income (loss) from continuing operations before income taxes:6181,216693(130)(42)374
Income tax expense (benefit)(212)(353)(171)1819(98)
Income (loss) from continuing operations:406863522(112)(23)276
Income (loss) before gain (loss) on sale of properties:✕✕✕522(112)(23)276
Net income (loss):406863522(112)(23)276
Other undisclosed net income (loss) attributable to parent 4(3)(10)(1)(2)
Net income (loss) available to common stockholders, basic:406867519(122)(24)273
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:406867519(122)(24)273

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):406863522(112)(23)276
Other comprehensive income (loss)(183)(38)42924(45)
Comprehensive income (loss):223825525(83)0231
Other undisclosed comprehensive income (loss), net of tax, attributable to parent324(65)122(20)50(61)
Comprehensive income (loss), net of tax, attributable to parent:547760647(103)51170

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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