Attached files
| file | filename |
|---|---|
| 8-K - 8-K - RYDER SYSTEM INC | a8-ktext.htm |
Exhibit 99.1 |
Free Cash Flow Reconciliation Revised for 2010 Through 2014
12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | |||||||||||||||
($ Millions) | |||||||||||||||||||
Cash provided by operating activities from continuing operations | $ | 1,028 | $ | 1,042 | $ | 1,160 | $ | 1,252 | $ | 1,383 | |||||||||
Proceeds from sales (primarily revenue earning equipment) | 235 | 337 | 413 | 452 | 497 | ||||||||||||||
Collections of direct finance leases | 62 | 62 | 72 | 71 | 66 | ||||||||||||||
Other, net | 3 | — | — | 8 | (1 | ) | |||||||||||||
Total cash generated | 1,328 | 1,441 | 1,645 | 1,783 | 1,944 | ||||||||||||||
Capital expenditures (1) | (1,070 | ) | (1,699 | ) | (2,133 | ) | (2,123 | ) | (2,259 | ) | |||||||||
Free cash flow (2) | $ | 258 | $ | (257 | ) | $ | (488 | ) | $ | (340 | ) | $ | (315 | ) | |||||
Memo: | |||||||||||||||||||
Depreciation expense | $ | 834 | $ | 872 | $ | 962 | $ | 984 | $ | 1,058 | |||||||||
(1) | Capital expenditures presented net of changes in accounts payable related to purchases of revenue earning equipment. |
(2) | Free Cash Flow excludes acquisitions and changes in restricted cash. |
Note: Amounts may not be additive due to rounding