RYDER SYSTEM INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

R$281.72+1.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Earnings

	Years ended December 31,
(In millions, except per share amounts)	2023	2022	2021
Lease & related maintenance and rental revenue	$3,937	$4,174	$3,995
Services revenue	7,297	7,118	5,181
Fuel services revenue	549	719	487
Total revenue	11,783	12,011	9,663
Cost of lease & related maintenance and rental	2,684	2,774	2,884
Cost of services	6,266	6,153	4,503
Cost of fuel services	534	694	474
Selling, general and administrative expenses	1,421	1,415	1,187
Non-operating pension costs, net	40	11	(1)
Used vehicle sales, net	(196)	(450)	(257)
Interest expense	296	228	214
Miscellaneous income, net	(47)	(32)	(66)
Currency translation adjustment loss	188	—	—
Restructuring and other items, net	(21)	2	32
	11,165	10,795	8,970
Earnings from continuing operations before income taxes	618	1,216	693
Provision for income taxes	212	353	171
Earnings from continuing operations	406	863	522
Earnings (loss) from discontinued operations, net of taxes	—	4	(3)
Net earnings	$406	$867	$519
Earnings per common share — Basic
Continuing operations	$8.89	$17.32	$9.92
Discontinued operations	(0.01)	0.09	(0.05)
Net earnings	$8.89	$17.41	$9.87
Earnings per common share — Diluted
Continuing operations	$8.73	$16.96	$9.70
Discontinued operations	(0.01)	0.08	(0.05)
Net earnings	$8.73	$17.04	$9.66

Note: EPS amounts may not be additive due to rounding.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.