Ryder System, Inc. (R) financial statements (2021 and earlier)
Company profile
Business Address |
11690 N.W. 105TH STREET MIAMI, FL 33178 |
State of Incorp. | FL |
Fiscal Year End | December 31 |
SIC | 751 - Automotive Rental And Leasing, Without Drivers (benchmarking) |
More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 74 | 68 | 78 | 59 | 61 | 50 | 62 | ||
Cash and cash equivalents | 74 | 68 | 78 | 59 | 61 | 50 | 62 | ||
Restricted cash and investments | 5 | 4 | 5 | 13 | |||||
Receivables | 1,228 | 1,219 | 1,011 | 832 | 835 | 795 | 777 | ||
Inventory, net of allowances, customer advances and progress billings | 81 | 79 | 74 | 70 | 64 | 66 | 64 | ||
Inventory | 81 | 79 | 74 | 70 | 64 | 66 | 64 | ||
Prepaid expense | 33 | 30 | 32 | 19 | 27 | ||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 159 | ||
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | 86 | 80 | ||||||
Income taxes receivable | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | ||
Other current assets | 42 | 41 | 45 | 55 | 44 | ||||
Other undisclosed current assets | 179 | 126 | 84 | 60 | 59 | (6) | (83) | ||
Total current assets: | 1,562 | 1,568 | 1,322 | 1,102 | 1,098 | 1,076 | 1,062 | ||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset | 44 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Operating lease, right-of-use asset | 215 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Nontrade receivables | 29 | 16 | 18 | 29 | 14 | ✕ | |||
Property, plant and equipment | 918 | 844 | 777 | 746 | 715 | 700 | 634 | ||
Long-term investments and receivables | 376 | 365 | 333 | 348 | 331 | 320 | |||
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | 376 | 365 | 333 | 348 | 331 | 320 | ||
Intangible assets, net (including goodwill) | 526 | 534 | 438 | 435 | 444 | 460 | 456 | ||
Goodwill | 475 | 475 | 396 | 387 | 389 | 393 | 384 | ||
Intangible assets, net (excluding goodwill) | 51 | 59 | 43 | 48 | 55 | 67 | 72 | ||
Deferred costs | 19 | 17 | 17 | ||||||
Other noncurrent assets | 30 | 14 | 26 | 15 | 17 | ||||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23 | ||
Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | 14 | 44 | 3 | 24 | ||
Other undisclosed noncurrent assets | 11,211 | 9,670 | 8,520 | 8,228 | 8,256 | 7,059 | 6,568 | ||
Total noncurrent assets: | 12,913 | 11,483 | 10,130 | 9,801 | 9,870 | 8,600 | 8,041 | ||
TOTAL ASSETS: | 14,475 | 13,051 | 11,452 | 10,902 | 10,968 | 9,676 | 9,104 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 831 | 981 | 695 | 533 | 594 | 651 | 974 | ||
Accounts payable | 595 | 732 | 599 | 445 | 502 | 561 | 475 | ||
Accrued liabilities | 61 | 56 | 53 | 52 | 54 | 49 | |||
Employee-related liabilities | 126 | 150 | 4 | 4 | 4 | 4 | |||
Taxes payable | 3 | 3 | 9 | 4 | 3 | 5 | 3 | ||
Interest and dividends payable | 46 | 40 | 30 | 27 | 31 | 32 | |||
Accounts payable and other accrued liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 496 | ||
Deferred revenue | 165 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Debt | 1,155 | 930 | 826 | 791 | 635 | 12 | 259 | ||
Deferred compensation liability | 6 | 5 | 4 | 3 | 2 | 3 | 3 | ||
Restructuring reserve | 7 | 8 | 13 | ✕ | |||||
Asset retirement obligation | 6 | ||||||||
Deferred revenue and credits | ✕ | ✕ | 14 | 14 | 13 | 12 | 19 | ||
Customer advances and deposits | ✕ | ✕ | 70 | 61 | 62 | 59 | ✕ | ||
Contract with customer, liability | ✕ | 16 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other undisclosed current liabilities | 462 | 354 | 391 | 341 | 374 | 356 | (31) | ||
Total current liabilities: | 2,625 | 2,292 | 2,013 | 1,744 | 1,680 | 1,094 | 1,231 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 6,770 | 5,694 | 4,584 | 4,600 | 4,883 | 4,500 | 3,930 | ||
Long-term debt, excluding current maturities | 227 | 277 | |||||||
Finance lease, liability | 39 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Capital lease obligations | ✕ | 14 | 13 | 15 | 24 | 29 | 31 | ||
Operating lease, liability | 151 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other undisclosed long-term debt and lease obligation | 6,353 | 5,679 | 4,570 | 4,584 | 4,859 | 4,194 | 3,899 | ||
Liabilities, other than long-term debt | 2,603 | 850 | 812 | 2,506 | 2,417 | 2,808 | 2,427 | ||
Customer advances or deposits | ✕ | ✕ | 6 | 6 | |||||
Deferred revenue and credits | ✕ | ✕ | 3 | ||||||
Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 321 | ||
Accounts payable and accrued liabilities | 30 | ||||||||
Deferred compensation liability, classified | 37 | 32 | |||||||
Asset retirement obligations | 19 | ||||||||
Deferred tax liabilities, net | ✕ | 1,689 | 1,588 | 1,476 | 1,391 | ||||
Deferred income tax liabilities | 1,161 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Liability, pension and other postretirement and postemployment benefits | 472 | ✕ | |||||||
Other liabilities | 1,442 | 850 | 812 | 818 | 830 | 787 | 655 | ||
Other undisclosed noncurrent liabilities | 1,305 | 1,209 | (545) | (381) | |||||
Total noncurrent liabilities: | 9,374 | 7,848 | 6,604 | 7,106 | 7,300 | 6,763 | 5,976 | ||
Total liabilities: | 11,999 | 10,141 | 8,617 | 8,850 | 8,981 | 7,857 | 7,207 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent | 2,476 | 2,910 | 2,835 | 2,052 | 1,987 | 1,819 | 1,897 | ||
Common stock | 27 | 27 | 26 | 27 | 27 | 27 | 27 | ||
Additional paid in capital | 1,109 | 1,084 | 1,051 | 1,033 | 1,006 | 962 | 918 | ||
Accumulated other comprehensive loss | (836) | (911) | (708) | (834) | (713) | (620) | (438) | ||
Retained earnings | 2,178 | 2,711 | 2,465 | 1,827 | 1,667 | 1,451 | 1,391 | ||
Total stockholders' equity: | 2,476 | 2,910 | 2,835 | 2,052 | 1,987 | 1,819 | 1,897 | ||
TOTAL LIABILITIES AND EQUITY: | 14,475 | 13,051 | 11,452 | 10,902 | 10,968 | 9,676 | 9,104 |
Income statement (P&L) ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 8,926 | 8,409 | 7,330 | 6,787 | 6,572 | 6,639 | 6,419 | |
Operating leases, income statement, lease revenue | ✕ | 3,508 | ✕ | ✕ | ✕ | ✕ | ✕ | |
Cost of revenue (Cost of Goods and Services Sold) | (3,003) | (2,603) | (2,413) | (2,448) | (2,367) | |||
Gross profit: | 8,926 | 8,409 | 4,326 | 4,184 | 4,159 | 4,191 | 4,052 | |
Operating expenses | (907) | (855) | (872) | (843) | (844) | (818) | (798) | |
Other operating income, net (Noninterest Income, Other Operating Income) | 4 | |||||||
Operating income: | 8,018 | 7,554 | 3,454 | 3,341 | 3,314 | 3,377 | 3,254 | |
Nonoperating income (Other Nonoperating income) | 34 | 5 | 44 | 13 | 10 | 14 | 15 | |
Interest and debt expense | (241) | (179) | (140) | (148) | (150) | (142) | (137) | |
Other undisclosed loss from continuing operations before equity method investments, income taxes | (7,853) | (7,007) | (3,044) | (2,800) | (2,705) | (2,910) | (2,763) | |
Income (loss) from continuing operations before income taxes: | (42) | 374 | 314 | 406 | 469 | 339 | 369 | |
Income tax expense (benefit) | 19 | (98) | 477 | (142) | (163) | (118) | (126) | |
Income (loss) from continuing operations: | (23) | 276 | 791 | 265 | 306 | 220 | 243 | |
Income from discontinued operations | 0 | |||||||
Net income (loss): | (23) | 276 | 791 | 265 | 306 | 220 | 243 | |
Other undisclosed net loss attributable to parent | (1) | (2) | (0) | (2) | (1) | (2) | (5) | |
Net income (loss) available to common stockholders, diluted: | (24) | 273 | 791 | 262 | 305 | 219 | 238 |
Comprehensive Income ($ in millions)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
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Net income (loss): | (23) | 276 | 791 | 265 | 306 | 220 | 243 | |
Other comprehensive income (loss) | 24 | (45) | 106 | (140) | (111) | (256) | 128 | |
Comprehensive income (loss): | 0 | 231 | 897 | 124 | 195 | (35) | 371 | |
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 50 | (61) | 20 | 17 | 17 | 72 | 16 | |
Comprehensive income, net of tax, attributable to parent: | 51 | 170 | 917 | 141 | 212 | 37 | 387 |
Statements sources
The financial statements are based on the company's filings with the 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.