RYDER SYSTEM INC
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 24, 2024
R$281.72+1.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine months ended September 30, | ||
|---|---|---|
| (In millions) | 2024 | 2023 |
| Cash flows from operating activities from continuing operations: | ||
| Net earnings | $354 | $282 |
| Depreciation expense | 1,275 | 1,274 |
| Used vehicle sales, net | (54) | (174) |
| Currency translation adjustment loss | — | 188 |
| Amortization expense and other non-cash charges, net | 110 | 67 |
| Non-cash lease expense | 267 | 190 |
| Non-operating pension costs, net and share-based compensation expense | 63 | 63 |
| Deferred income tax expense | (29) | 129 |
| Collections on sales-type leases | 111 | 91 |
| Changes in operating assets and liabilities: | ||
| Receivables | (63) | 18 |
| Prepaid expenses and other assets | 15 | (4) |
| Accounts payable | (27) | 13 |
| Accrued expenses and other liabilities | (315) | (295) |
| Net cash provided by operating activities from continuing operations | 1,707 | 1,842 |
| Cash flows from investing activities from continuing operations: | ||
| Purchases of property and revenue earning equipment | (1,922) | (2,457) |
| Sales of revenue earning equipment | 414 | 587 |
| Sales of operating property and equipment | 19 | 60 |
| Acquisitions, net of cash acquired | (313) | — |
| Other investing activities | — | (4) |
| Net cash used in investing activities from continuing operations | (1,802) | (1,814) |
| Cash flows from financing activities from continuing operations: | ||
| Net borrowings of commercial paper and other | 405 | 85 |
| Debt proceeds | 1,490 | 1,314 |
| Debt repayments | (1,448) | (1,144) |
| Dividends on common stock | (101) | (96) |
| Common stock issued | 6 | 1 |
| Common stock repurchased | (282) | (282) |
| Other financing activities | (5) | (4) |
| Net cash provided by (used in) financing activities from continuing operations | 65 | (126) |
| Effect of exchange rate changes on Cash and cash equivalents | (12) | (10) |
| Decrease in Cash and cash equivalents | (42) | (108) |
| Cash and cash equivalents at beginning of period | 204 | 267 |
| Cash and cash equivalents at end of period | $162 | $159 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.