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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments267234151746878
Cash and cash equivalents267234151746878
Restricted cash and investments  439   5
Receivables1,6101,4651,1821,2281,2191,011
Inventory, net of allowances, customer advances and progress billings786961817974
Inventory786961817974
Prepaid expense     3330
Other current assets     4241
Other undisclosed current assets24525420117912684
Total current assets:2,2002,4611,5961,5621,5681,322
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 38404044
Operating lease, right-of-use asset715341256215
Nontrade receivables     2916
Property, plant and equipment   918844777
Long-term investments and receivables     376365
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases376365
Intangible assets, net (including goodwill)1,156741518526534438
Goodwill861571475475475396
Intangible assets, net (excluding goodwill)29517043515943
Other noncurrent assets     3014
Other undisclosed noncurrent assets10,28610,25110,52211,2119,6708,520
Total noncurrent assets:12,19511,37411,33612,91311,48310,130
TOTAL ASSETS:14,39513,83412,93214,47513,05111,452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1691,092822831981695
Interest and dividends payable3739464030
Taxes payable95339
Employee-related liabilities2101581261504
Accounts payable767748547595732599
Accrued liabilities4028773615653
Deferred revenue178183183165
Debt1,3491,3335171,155930826
Deferred compensation liability565654
Restructuring reserve  1087813
Deferred revenue and credits14
Customer advances and deposits70
Contract with customer, liability16
Other undisclosed current liabilities615576519462354391
Total current liabilities:3,3163,2012,0532,6252,2922,013
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,0035,2466,0946,7705,6944,584
Long-term debt, excluding current maturities    227  
Capital lease obligations1413
Finance lease, liability 29313539
Other undisclosed long-term debt and lease obligation4,9745,2156,0596,3535,6794,570
Liabilities, other than long-term debt3,1392,5892,5302,603850812
Deferred income tax liabilities1,5711,2751,1261,161
Other liabilities1,5681,3141,4041,442850812
Operating lease, liability    151
Other undisclosed noncurrent liabilities     1,3051,209
Total noncurrent liabilities:8,1427,8368,6239,3747,8486,604
Total liabilities:11,45811,03610,67611,99910,1418,617
Equity
Equity, attributable to parent2,9372,7982,2562,4762,9102,835
Common stock232727272726
Additional paid in capital1,1921,1941,1331,1091,0841,051
Accumulated other comprehensive loss(796)(689)(817)(836)(911)(708)
Retained earnings2,5182,2661,9132,1782,7112,465
Total equity:2,9372,7982,2562,4762,9102,835
TOTAL LIABILITIES AND EQUITY:14,39513,83412,93214,47513,05111,452

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,0119,6638,4208,9268,4097,330
Operating leases, income statement, lease revenue3,508
Operating lease, lease income4,1743,9943,704 
Cost of revenue
(Cost of Goods and Services Sold)
      (3,003)
Gross profit:12,0119,6638,4208,9268,4094,326
Operating expenses(1,415)(1,055)(922)(907)(855)(872)
Operating income:10,5968,6087,4998,0187,5543,454
Nonoperating income (expense)32662234544
Loss, foreign currency transaction, before tax      
Other nonoperating income32662234544
Interest and debt expense(228)(214)(261)(241)(179)(140)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (7,389)(7,853)(7,007)(3,044)
Income (loss) from continuing operations before equity method investments, income taxes:10,4008,460(130)(42)374314
Other undisclosed loss from continuing operations before income taxes(9,184)(7,768)    
Income (loss) from continuing operations before income taxes:1,216693(130)(42)374314
Income tax expense (benefit)(353)(171)1819(98)477
Income (loss) from continuing operations:863522(112)(23)276791
Income (loss) before gain (loss) on sale of properties:522(112)(23)276791
Net income (loss):863522(112)(23)276791
Other undisclosed net income (loss) attributable to parent4(3)(10)(1)(2)(0)
Net income (loss) available to common stockholders, basic:867519(122)(24)273791
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:867519(122)(24)273791

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):863522(112)(23)276791
Other comprehensive income (loss)(38)42924(45)106
Comprehensive income (loss):825525(83)0231897
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(65)122(20)50(61)20
Comprehensive income (loss), net of tax, attributable to parent:760647(103)51170917

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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