RYDER SYSTEM, INC. R Cash Flow

Ryder system, inc. (R)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities from continuing operations:
Net earnings (loss)
-179	-24	141	323	293	284	744	712	718	719	196	222	245	263	290	296	307	304	239	232	222	218	271	259	246	237	227	231	215	209	204	185	178	169	158	141	130	118	0	0	0
Less: Loss from discontinued operations, net of tax
-1	-1	-0	-1	-2	-2	-1	-1	-0	-0	-2	-2	-1	-2	1	1	1	1	-1	-1	-1	-1	-2	-5	-5	-5	-5	8	8	9	10	-0	-1	-1	-6	-6	-6	-6	0	0	0
Earnings (loss) from continuing operations
-178	-23	141	324	295	286	746	713	718	720	198	224	247	265	291	296	308	305	241	234	224	220	274	264	251	243	232	222	206	200	193	186	180	171	165	147	137	124	0	0	0
Depreciation expense
2,024	1,878	1,709	1,481	1,433	1,388	1,346	1,312	1,279	1,257	1,241	1,227	1,211	1,187	1,171	1,161	1,142	1,121	1,093	1,076	1,064	1,047	1,057	1,029	1,000	983	948	945	944	939	925	911	892	872	851	836	828	833	0	0	0
Used vehicle sales, net
-71	-58	-55	-35	-23	-22	-21	-15	-25	-16	-43	-44	-17	0	50	73	91	99	101	110	114	116	124	113	101	96	90	90	90	89	84	79	72	62	56	45	36	28	0	0	0
Goodwill, Impairment Loss
-	-	-	-	-	15	15	15	15	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-	21	22	21	20	20	19	19	19	18	19	19	18	18	18	17	17	16	16	16	16	0	0	0
Amortization expense and other non-cash charges, net
116	101	88	81	62	67	120	93	64	41	43	46	41	38	26	33	45	52	57	49	46	47	49	54	57	56	55	51	53	49	48	46	41	39	41	40	38	40	0	0	0
Non-cash lease expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating pension costs and share-based compensation expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-operating pension costs and share-based compensation expense
76	86	52	46	39	32	33	36	40	46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-service retirement benefit costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense (benefit)
-65	-32	35	68	95	108	-416	-406	-432	-446	91	100	115	125	151	153	156	154	116	112	109	104	131	125	116	113	101	97	91	87	89	87	91	90	87	104	64	41	0	0	0
Collections on sales-type leases
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of acquisitions:
Receivables
13	-27	84	158	189	193	160	130	129	178	127	87	82	51	85	45	47	40	7	13	-31	20	16	38	47	14	15	-19	-24	-7	-0	36	67	92	93	71	68	18	0	0	0
Inventories
-14	1	5	7	6	5	6	5	5	3	3	0	2	5	3	2	2	-1	0	-0	-1	2	1	4	2	0	-1	-0	-2	-0	2	-0	3	6	9	11	10	7	0	0	0
Prepaid expenses and other assets
74	65	-0	29	66	84	200	156	134	95	-10	-3	0	14	-8	-6	4	0	25	22	18	16	22	24	20	23	15	12	0	-10	3	7	22	25	23	21	19	4	0	0	0
Accounts payable
-70	-26	-17	-14	66	16	29	85	21	66	66	33	59	94	13	24	3	-74	-11	21	10	53	36	12	12	34	21	12	4	-22	2	-8	2	24	17	10	38	6	0	0	0
Accrued expenses and other non-current liabilities
-6	-70	-134	-113	-87	-101	-3	-4	-0	54	-31	-70	-98	-93	-35	-69	-30	-18	-10	31	-44	-53	-61	-95	-46	-64	-2	-40	-59	-68	-161	-77	-49	12	8	-36	-14	23	0	0	0
Net cash provided by operating activities from continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	0	0	1,553	-	1,582	1,569	1,564	1,601	1,555	1,546	1,525	1,441	1,473	1,498	1,428	1,382	1,342	1,230	1,240	1,251	1,256	1,225	1,196	1,134	1,027	1,041	1,010	1,041	1,006	969	974	1,028	0	0	0
Cash flows from investing activities from continuing operations:
Purchases of property and revenue earning equipment
3,139	3,735	3,807	3,839	3,414	3,050	2,747	2,426	2,161	1,860	1,706	1,640	1,691	1,905	2,092	2,458	2,689	2,667	2,605	2,333	2,233	2,259	2,367	2,429	2,281	2,122	1,934	1,877	2,082	2,133	2,228	2,085	1,856	1,698	1,374	1,343	1,183	1,070	0	0	0
Sales of revenue earning equipment
465	465	453	393	392	379	367	370	370	376	371	370	390	414	435	458	445	423	420	430	464	493	507	494	458	445	431	436	426	405	379	348	315	290	277	255	238	220	0	0	0
Sales of operating property and equipment
52	52	54	56	17	16	51	54	52	52	12	4	9	7	9	9	2	3	1	1	1	3	4	6	7	6	8	6	5	7	7	8	7	9	18	18	18	13	0	0	0
Collections on direct finance leases and other items
-	-	-	-	-	-	-	-	-	-	70	65	67	76	80	81	80	70	66	65	64	64	64	63	59	70	75	79	83	71	67	64	62	62	61	60	61	61	0	0	0
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-4	-8	-8	-0	0	-6	-3	-14	-13	-4	10	14	15	-2	-19	-19	-20	-1	-3	-9	-0	3	0	0	0	0
Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	-3	-8	-8	-8	-3	0	0	0	0	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	2	2	1	3	4	4	5	3	15	280	361	567	558	293	211	0	0	0
Net cash used in investing activities from continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities from continuing operations
-	-	-	-	-	-	0	0	-1,689	-	-1,262	-1,200	-1,226	-1,407	-1,562	-1,906	-2,149	-2,161	-2,114	-1,843	-1,703	-1,704	-1,788	-1,856	-1,749	-1,603	-1,429	-1,366	-1,434	-1,504	-1,590	-1,491	-1,711	-1,657	-1,572	-1,564	-1,158	-982	0	0	0
Cash flows from financing activities from continuing operations:
Net borrowings (repayments) of commercial paper and revolving credit facilities
156	-18	348	286	-27	51	-26	-247	317	89	-149	89	-166	-77	212	450	217	323	128	-207	-159	-221	-303	-13	176	146	266	-71	212	-64	102	71	172	46	120	150	-63	174	0	0	0
Debt proceeds
2,393	2,636	2,741	2,619	2,323	1,970	1,467	1,341	842	873	1,249	952	854	674	251	651	1,126	1,283	1,399	1,129	1,054	965	1,195	1,068	673	556	257	622	625	745	745	642	986	966	966	1,002	663	314	0	0	0
Debt repaid
1,542	1,392	1,668	1,256	869	805	503	495	828	969	1,266	1,266	912	669	343	640	647	798	804	501	504	293	340	335	314	379	378	399	598	283	230	248	421	419	427	398	222	248	0	0	0
Dividends on common stock
117	116	115	114	113	111	107	103	99	95	94	94	92	91	89	87	85	83	80	78	76	74	73	71	69	67	65	63	62	61	60	59	58	57	56	55	55	54	0	0	0
Common stock issued
7	8	9	15	18	17	23	19	17	20	18	17	20	18	12	12	13	23	27	29	39	46	75	83	86	90	64	54	37	28	25	28	40	33	32	30	20	17	0	0	0
Common stock repurchased
25	27	27	34	32	30	40	37	74	78	77	73	54	37	25	21	0	6	20	32	71	106	92	79	40	0	-0	3	15	26	35	40	59	59	82	107	110	123	0	0	0
Tax withholding on shares settled
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation and other items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	2	3	5	5	3	2	1	1	1	1	1	1	1	1	0	0	0	0
Debt issuance costs and other items
4	5	5	6	5	5	4	2	2	1	2	2	1	3	6	8	10	11	6	4	6	4	8	8	5	5	2	4	4	4	4	3	8	7	8	8	3	2	0	0	0
Net cash provided by financing activities from continuing operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities from continuing operations
-	-	-	-	-	-	0	0	180	-	-321	-376	-352	-185	11	355	613	731	643	333	275	311	453	645	510	347	147	136	197	333	544	392	655	504	546	613	230	78	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-1	-4	-0	-1	-0	4	1	-5	-3	-5	-9	-2	-4	-9	-3	-2	-4	0	-0	-0	-0	0	-4	-1	0	5	9	7	5	1	0	1	4	3	5	8	3	1	0	0	0
Increase (decrease) in cash, cash equivalents, and restricted cash from continuing operations
332	3	14	17	-15	-13	-3	19	40	21	-11	-10	-19	-1	0	-7	-14	11	1	-12	0	-9	2	19	2	0	-15	2	-34	-35	-17	-56	-41	-107	-14	27	49	125	0	0	0
Increase (decrease) in cash, cash equivalents, and restricted cash from discontinued operations
2	2	-2	-1	-1	-1	-0	-1	-1	-1	-1	-1	-2	-1	-0	-0	-0	-1	-1	-1	-1	-1	-2	-5	-5	-5	-4	-1	-2	-3	-2	-1	-0	-0	-4	-5	-8	-10	0	0	0
Increase (decrease) in cash, cash equivalents, and restricted cash
334	5	12	16	-17	-14	-4	17	39	20	-12	-12	-21	-3	-0	-7	-15	10	0	-13	-0	-11	0	13	-3	-4	-20	0	-37	-38	-20	-57	-42	-108	-18	21	40	114	0	0	0
Cash flows from discontinued operations:
Operating cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-2	-1	-0	-0	-4	-5	-5	-9	0	0	0
Financing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	0	-3	-2	0	0	0
Investing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	0	0	0
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-0	-0	-0	-0	-0	-0	-0	0	0	0