Ryder System, Inc. and Subsidiaries reported financial results for the third quarter and first nine months of 2008. Revenue for the third quarter was $1.626 billion, down slightly from the prior year. Net earnings for the quarter were $70.2 million. Fleet Management Solutions saw an 11% increase in revenue for the quarter due to higher fuel sales and contractual revenue growth. Supply Chain Solutions revenue declined 22% for the quarter.
Ryder System, Inc. and Subsidiaries reported financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter and increased 4% to $4.90 billion for the nine month period. Net earnings were $65.5 million for the quarter, flat compared to the prior year, and $181.9 million for the nine months, down 1% from the prior year. Fleet Management Solutions revenue decreased 1% for the quarter due to declines in commercial rental and fuel revenue, while Supply Chain Solutions and Dedicated Contract Carriage saw revenue increases.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the three months and year ended December 31, 2007. Total revenue for the quarter increased 5% to $1.66 billion compared to the prior year. For the full year, total revenue rose 4% to $6.56 billion. Net earnings for the quarter increased 9% to $71.9 million, and net earnings for the full year increased 2% to $253.9 million. Fleet Management Solutions revenue increased 8% for the quarter and 2% for the full year. Supply Chain Solutions revenue rose 1% for the quarter and 11% for the full year.
Ryder System, Inc. and Subsidiaries reported financial results for the second quarter and first half of 2008. Revenue for the quarter was $1.66 billion, flat compared to the prior year. Net earnings were $62.9 million, down 3% from the previous year. For the first six months, revenue was $3.2 billion, down 1% year-over-year, while net earnings were $119 million, a 2% increase. Fleet Management Solutions saw revenue growth of 16% for the quarter and 14% year-to-date, driven by higher fuel and rental revenues.
This document contains financial statements and key metrics for Ryder System, Inc. for the second quarter and first half of 2007 compared to the same periods in 2006. It shows that total revenue increased 4% to $1.658 billion in the second quarter, with operating revenue also up 4% to $1.157 billion. For the first half, total revenue rose 5% to $3.252 billion and operating revenue increased 5% to $2.276 billion. The Fleet Management Solutions segment saw revenue remain flat at $1.037 billion in the second quarter, while Supply Chain Solutions revenue increased 16% and Dedicated Contract Carriage declined slightly.
Ryder System reported financial results for the first quarter of 2008. Total revenue decreased 3% to $1.54 billion compared to the first quarter of 2007. Net earnings increased 9% to $56.1 million. The Fleet Management Solutions segment saw a 12% increase in revenue and a 13% increase in earnings before income taxes. The Supply Chain Solutions segment had a 27% decrease in revenue and a 27% decrease in earnings before income taxes.
This document summarizes Ryder System's financial performance for the second quarter and first half of 2005 compared to the same periods in 2004. Key highlights include:
- Revenue increased 9.5% to $1.39 billion in Q2 2005 and 9% to $2.71 billion for the first half.
- Net earnings were $63.3 million in Q2 2005, relatively flat compared to Q2 2004, and increased 6.2% to $104.8 million for the first half.
- Earnings per share increased to $0.98 in Q2 2005 and $1.61 for the first half, up from $0.97 and $1.50 respectively in 2004.
Ryder System, Inc. reported financial results for the third quarter and first nine months of 2005. Revenue increased 14.1% to $1.49 billion for the quarter and 10.8% to $4.2 billion for the nine month period. Net earnings grew 16.7% to $63.3 million for the quarter and 9.9% to $168.1 million for the nine months. Earnings per share increased 17.6% to $0.98 for the quarter on higher revenue and earnings across business segments. The Fleet Management Solutions segment saw the largest revenue growth at 10.0% for the quarter due to increased fuel sales and rental revenues.
Ryder System, Inc. reported revenue of $1.496 billion for the first quarter of 2006, up 13.7% from $1.316 billion in the same period in 2005. Net earnings were $47.6 million compared to $41.5 million last year. Their Fleet Management Solutions segment saw revenue increase 6.1% to $981.2 million due to growth in fuel revenue and full service lease income. Supply Chain Solutions revenue jumped 35.4% to $469.5 million on strong demand for their services.
Ryder System, Inc. and Subsidiaries reported financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter and increased 4% to $4.90 billion for the nine month period. Net earnings were $65.5 million for the quarter, flat compared to the prior year, and $181.9 million for the nine months, down 1% from the prior year. Fleet Management Solutions revenue decreased 1% for the quarter due to declines in commercial rental and fuel revenue, while Supply Chain Solutions and Dedicated Contract Carriage saw revenue increases.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the three months and year ended December 31, 2007. Total revenue for the quarter increased 5% to $1.66 billion compared to the prior year. For the full year, total revenue rose 4% to $6.56 billion. Net earnings for the quarter increased 9% to $71.9 million, and net earnings for the full year increased 2% to $253.9 million. Fleet Management Solutions revenue increased 8% for the quarter and 2% for the full year. Supply Chain Solutions revenue rose 1% for the quarter and 11% for the full year.
Ryder System, Inc. and Subsidiaries reported financial results for the second quarter and first half of 2008. Revenue for the quarter was $1.66 billion, flat compared to the prior year. Net earnings were $62.9 million, down 3% from the previous year. For the first six months, revenue was $3.2 billion, down 1% year-over-year, while net earnings were $119 million, a 2% increase. Fleet Management Solutions saw revenue growth of 16% for the quarter and 14% year-to-date, driven by higher fuel and rental revenues.
This document contains financial statements and key metrics for Ryder System, Inc. for the second quarter and first half of 2007 compared to the same periods in 2006. It shows that total revenue increased 4% to $1.658 billion in the second quarter, with operating revenue also up 4% to $1.157 billion. For the first half, total revenue rose 5% to $3.252 billion and operating revenue increased 5% to $2.276 billion. The Fleet Management Solutions segment saw revenue remain flat at $1.037 billion in the second quarter, while Supply Chain Solutions revenue increased 16% and Dedicated Contract Carriage declined slightly.
Ryder System reported financial results for the first quarter of 2008. Total revenue decreased 3% to $1.54 billion compared to the first quarter of 2007. Net earnings increased 9% to $56.1 million. The Fleet Management Solutions segment saw a 12% increase in revenue and a 13% increase in earnings before income taxes. The Supply Chain Solutions segment had a 27% decrease in revenue and a 27% decrease in earnings before income taxes.
This document summarizes Ryder System's financial performance for the second quarter and first half of 2005 compared to the same periods in 2004. Key highlights include:
- Revenue increased 9.5% to $1.39 billion in Q2 2005 and 9% to $2.71 billion for the first half.
- Net earnings were $63.3 million in Q2 2005, relatively flat compared to Q2 2004, and increased 6.2% to $104.8 million for the first half.
- Earnings per share increased to $0.98 in Q2 2005 and $1.61 for the first half, up from $0.97 and $1.50 respectively in 2004.
Ryder System, Inc. reported financial results for the third quarter and first nine months of 2005. Revenue increased 14.1% to $1.49 billion for the quarter and 10.8% to $4.2 billion for the nine month period. Net earnings grew 16.7% to $63.3 million for the quarter and 9.9% to $168.1 million for the nine months. Earnings per share increased 17.6% to $0.98 for the quarter on higher revenue and earnings across business segments. The Fleet Management Solutions segment saw the largest revenue growth at 10.0% for the quarter due to increased fuel sales and rental revenues.
Ryder System, Inc. reported revenue of $1.496 billion for the first quarter of 2006, up 13.7% from $1.316 billion in the same period in 2005. Net earnings were $47.6 million compared to $41.5 million last year. Their Fleet Management Solutions segment saw revenue increase 6.1% to $981.2 million due to growth in fuel revenue and full service lease income. Supply Chain Solutions revenue jumped 35.4% to $469.5 million on strong demand for their services.
The document explores four concepts of a contributor: 1) Demonstrating human concern and caring for others in their work. 2) Focusing on achieving results and getting things done. 3) Striving for excellence and quality in their work. 4) Being unselfish and committed to the larger purpose or team's interests above their own. Each concept is explained in its own section.
Improving Fieldforce effectiveness in groceryRed Ark
20:20 RDI has a unique model and method for improving the ROI of fieldforce visits. This presentation talks through the methodology in detail and show you how a simple proof of concept workshop could save your FMCG business millions. Red Ark in Sydney is the local representative for 20:20 RDI who work with all the major FMCG marketers across Europe and the UK. As shown to the Australian Sales & Marketing Institute.
O documento descreve um empreendimento imobiliário com 70 apartamentos de 62, 63 e 79m2, localizado na Avenida Casa Verde. O condomínio conta com lazer completo, como piscina, churrasqueira, cinema, academia e salão de festas. Os apartamentos possuem de 2 a 3 dormitórios com suíte e varandas.
The document announces a public event about diversity titled "Diversity: Why it is important? How to manage it?" that was held on August 20, 2011 at the Indus Suit Avari Towers location. The event aimed to discuss the importance of diversity and how to manage a diverse workforce or group.
This document discusses the importance of numeracy and mathematical literacy for understanding social studies concepts and making informed decisions as citizens. It argues that numeracy will be as important as literacy for participation in modern society. It provides examples of how raw numbers, percentages, averages, and graphs can be misleading if not understood properly in context. It recommends teaching students to understand numeracy in social studies by asking questions about data in articles and documents, and relating math concepts like averages and scales to real-world examples and issues they are studying.
Five people are standing in a field waving their hands above their heads for three possible reasons: 1) They are signaling for help and need to be rescued. 2) They are celebrating a special occasion together. 3) They see something in the sky and are trying to get a better view. The document also provides prompts for each day of the week to suggest new product combinations, including improving the wheelbarrow and combining a train and umbrella.
El gobernador Gabino Cué Monteagudo presentó su Segundo Informe de Gobierno ante el Congreso del Estado, destacando los avances en seguridad, transparencia, salud, desarrollo social, turismo, economía, educación y obra pública. Señaló que su administración ha trabajado de manera honesta y con compromiso de servir a Oaxaca. También destacó el crecimiento económico del estado y el aumento en el número de empleos formales generados. Finalmente, se comprometió a seguir trabajando por el bienest
De Google à Google+.
Comment Google+ en est-il arrivé là ou où il est aujourd'hui ?
Google+ le réseau social du futur ? Utile pour le SEO ?
Quelques réponses et beaucoup de questions.
This document provides tips and sample answers for common interview questions for a psychiatrist position. It discusses how to answer questions about yourself, your strengths, reasons for leaving previous jobs, weaknesses, knowledge of the organization, and ways you have improved your psychiatric knowledge. For each question, it offers steps and guidelines to provide strong, persuasive answers that highlight your relevant qualifications and experience. Sample answers are provided for questions about career goals and recent professional development activities.
Para llamar a celulares argentinos desde el exterior, se debe marcar 54 más el código de área 11 más el número de celular sin incluir el 15, como en el ejemplo 54-911-XXX-XXXX para llamar desde el exterior a un celular en Buenos Aires, Argentina.
Nutritionists Republic is an online platform for dietitians and nutritionists with the mission of empowering the nutrition community. The platform provides knowledge exchange through a repository of the latest nutrition advances, consultations between members, and online education courses. It also offers opportunities such as surveys, panels, challenges, and job openings. Finally, it enables community through blogs, events, alumni groups, and connections between members. The goal is for nutritionists to learn, share, and grow together.
Una conversación entre dos personas expresa recuerdos cariñosos y la belleza del amor. Risas y afirmaciones positivas dominan la conversación informal.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
The document explores four concepts of a contributor: 1) Demonstrating human concern and caring for others in their work. 2) Focusing on achieving results and getting things done. 3) Striving for excellence and quality in their work. 4) Being unselfish and committed to the larger purpose or team's interests above their own. Each concept is explained in its own section.
Improving Fieldforce effectiveness in groceryRed Ark
20:20 RDI has a unique model and method for improving the ROI of fieldforce visits. This presentation talks through the methodology in detail and show you how a simple proof of concept workshop could save your FMCG business millions. Red Ark in Sydney is the local representative for 20:20 RDI who work with all the major FMCG marketers across Europe and the UK. As shown to the Australian Sales & Marketing Institute.
O documento descreve um empreendimento imobiliário com 70 apartamentos de 62, 63 e 79m2, localizado na Avenida Casa Verde. O condomínio conta com lazer completo, como piscina, churrasqueira, cinema, academia e salão de festas. Os apartamentos possuem de 2 a 3 dormitórios com suíte e varandas.
The document announces a public event about diversity titled "Diversity: Why it is important? How to manage it?" that was held on August 20, 2011 at the Indus Suit Avari Towers location. The event aimed to discuss the importance of diversity and how to manage a diverse workforce or group.
This document discusses the importance of numeracy and mathematical literacy for understanding social studies concepts and making informed decisions as citizens. It argues that numeracy will be as important as literacy for participation in modern society. It provides examples of how raw numbers, percentages, averages, and graphs can be misleading if not understood properly in context. It recommends teaching students to understand numeracy in social studies by asking questions about data in articles and documents, and relating math concepts like averages and scales to real-world examples and issues they are studying.
Five people are standing in a field waving their hands above their heads for three possible reasons: 1) They are signaling for help and need to be rescued. 2) They are celebrating a special occasion together. 3) They see something in the sky and are trying to get a better view. The document also provides prompts for each day of the week to suggest new product combinations, including improving the wheelbarrow and combining a train and umbrella.
El gobernador Gabino Cué Monteagudo presentó su Segundo Informe de Gobierno ante el Congreso del Estado, destacando los avances en seguridad, transparencia, salud, desarrollo social, turismo, economía, educación y obra pública. Señaló que su administración ha trabajado de manera honesta y con compromiso de servir a Oaxaca. También destacó el crecimiento económico del estado y el aumento en el número de empleos formales generados. Finalmente, se comprometió a seguir trabajando por el bienest
De Google à Google+.
Comment Google+ en est-il arrivé là ou où il est aujourd'hui ?
Google+ le réseau social du futur ? Utile pour le SEO ?
Quelques réponses et beaucoup de questions.
This document provides tips and sample answers for common interview questions for a psychiatrist position. It discusses how to answer questions about yourself, your strengths, reasons for leaving previous jobs, weaknesses, knowledge of the organization, and ways you have improved your psychiatric knowledge. For each question, it offers steps and guidelines to provide strong, persuasive answers that highlight your relevant qualifications and experience. Sample answers are provided for questions about career goals and recent professional development activities.
Para llamar a celulares argentinos desde el exterior, se debe marcar 54 más el código de área 11 más el número de celular sin incluir el 15, como en el ejemplo 54-911-XXX-XXXX para llamar desde el exterior a un celular en Buenos Aires, Argentina.
Nutritionists Republic is an online platform for dietitians and nutritionists with the mission of empowering the nutrition community. The platform provides knowledge exchange through a repository of the latest nutrition advances, consultations between members, and online education courses. It also offers opportunities such as surveys, panels, challenges, and job openings. Finally, it enables community through blogs, events, alumni groups, and connections between members. The goal is for nutritionists to learn, share, and grow together.
Una conversación entre dos personas expresa recuerdos cariñosos y la belleza del amor. Risas y afirmaciones positivas dominan la conversación informal.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, total revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but decreased 1% to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were provided.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, total revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but decreased 1% to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were provided.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the third quarter and first nine months of 2007. Total revenue increased 2% to $1.65 billion for the quarter compared to the prior year. For the first nine months, revenue increased 4% to $4.90 billion year-over-year. Net earnings remained flat at $65.5 million for the quarter but declined slightly to $181.9 million for the nine month period. Key metrics such as debt to equity and return on capital were also reported.
Ryder System, Inc. and Subsidiaries reported financial results for the second quarter and first half of 2008. Revenue for the quarter was $1.66 billion, flat compared to the prior year. Net earnings were $62.9 million, down 3% from the previous year. For the first six months, revenue was $3.2 billion, down 1% year-over-year, while net earnings were $119 million, an increase of 2% over the same period in 2007. Fleet Management Solutions saw revenue growth of 16% for the quarter and 14% year-to-date, driven by higher fuel and rental revenues.
Ryder System, Inc. and Subsidiaries reported financial results for the second quarter and first half of 2008. Revenue for the quarter was $1.66 billion, flat compared to the prior year. Net earnings were $62.9 million, down 3% from the previous year. For the first six months, revenue was $3.2 billion, down 1% year-over-year, while net earnings were $119 million, a 2% increase. Fleet Management Solutions saw revenue growth of 16% for the quarter and 14% year-to-date, driven by higher fuel and rental revenues.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the three months and year ended December 31, 2007. Total revenue for the quarter increased 5% to $1.666 billion compared to $1.594 billion in the prior year. For the full year, total revenue rose 4% to $6.566 billion from $6.307 billion in 2006. Net earnings for the quarter grew 9% to $71.9 million versus $65.8 million last year. For 2007, net earnings increased 2% to $253.9 million compared to $249 million in 2006. Key metrics such as debt to equity ratio and return on capital declined modestly compared to the prior year.
Ryder System, Inc. and Subsidiaries reported consolidated financial results for the three months and year ended December 31, 2007. Total revenue for the quarter increased 5% to $1.666 billion compared to $1.594 billion in the prior year. For the full year, total revenue rose 4% to $6.566 billion from $6.307 billion in 2006. Net earnings for the quarter grew 9% to $71.9 million from $65.8 million in the previous year. For 2007, net earnings increased 2% to $253.9 million compared to $249 million in 2006. Key metrics such as debt to equity ratio and return on capital declined slightly from the prior year levels.
This document summarizes Ryder System's consolidated financial statements for the second quarter and first half of 2005 compared to the same periods in 2004. Key highlights include:
- Revenue increased 9.5% to $1.39 billion for the quarter and 9% to $2.71 billion for the first half.
- Net earnings were $63.3 million for the quarter, relatively flat compared to 2004, and $104.8 million for the first half, an increase of 6.2% over the same period in 2004.
- Earnings per share on a diluted basis were $0.98 for the quarter and $1.61 for the first half, up from $0.97 and $1
This document provides financial information for Ryder System, Inc. for the second quarter and first half of 2007 compared to the same periods in 2006. Some key details include:
- Revenue increased 4% to $1.658 billion for the quarter and 5% to $3.252 billion for the first half.
- Net earnings decreased 7% to $65.1 million for the quarter but were relatively flat at $116.4 million for the first half.
- Operating revenue for the Fleet Management Solutions segment increased 2% for the quarter and year-to-date. Segment earnings increased 3% and 5% respectively.
- Supply Chain Solutions operating revenue increased 13% for the quarter and 16
This document provides financial information for Ryder System, Inc. for the second quarter and first half of 2007 compared to the same periods in 2006. Some key details include:
- Total revenue for the second quarter was $1.658 billion, up 4% from the prior year. First half revenue was $3.252 billion, up 5%.
- Fleet Management Solutions revenue was flat for the quarter but up 7% for the first half. Supply Chain Solutions revenue grew 16% for both periods.
- Net earnings were $65.1 million for the quarter, down 7% from 2006, and $116.4 million for the first half, down 1% from the prior year.
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This document provides financial information for Ryder System, Inc. for the second quarter and first half of 2007 compared to the same periods in 2006. Some key details include:
- Total revenue for the second quarter was $1.658 billion, up 4% from the prior year. First half revenue was $3.252 billion, up 5%.
- Fleet Management Solutions revenue was flat for the quarter but up 7% for the first half. Supply Chain Solutions revenue increased 16% for both periods.
- Net earnings were $65.1 million for the quarter, down 7% from 2006, and $116.4 million for the first half, down 1% from the prior year.
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Ryder System reported financial results for the first quarter of 2008. Total revenue decreased 3% to $1.54 billion compared to the first quarter of 2007. Net earnings increased 9% to $56.1 million. The Fleet Management Solutions segment saw a 12% increase in revenue and a 13% increase in earnings before income taxes. The Supply Chain Solutions segment had a 27% decrease in revenue and a 27% decrease in earnings before income taxes.
Ryder System reported financial results for the first quarter of 2008. Total revenue decreased 3% to $1.54 billion compared to $1.59 billion in the first quarter of 2007. Net earnings increased 9% to $56.1 million from $51.3 million in the prior year period. Within its business segments, Fleet Management Solutions revenue increased 12% driven by growth in full service leases, contract maintenance, and fuel sales. Supply Chain Solutions revenue declined 27% and Dedicated Contract Carriage revenue was down slightly 1%.
This document contains financial statements and key metrics for Ryder System, Inc. for the third quarter and first nine months of 2005 compared to the same periods in 2004. It shows that revenue increased 14.1% to $1.49 billion for the quarter and 10.8% to $4.2 billion for the nine month period. Net earnings increased 16.7% to $63.3 million for the quarter and 9.7% to $168.1 million for the nine months. The debt to equity ratio increased to 137% as of September 30, 2005 from 118% as of December 31, 2004.
Ryder System, Inc. reported revenue of $1.496 billion for the first quarter of 2006, up 13.7% from $1.316 billion in the same period in 2005. Net earnings were $47.6 million compared to $41.5 million last year. Their Fleet Management Solutions segment saw revenue increase 6.1% to $981.2 million due to growth in fuel revenue and full service lease income. Supply Chain Solutions revenue jumped 35.4% to $469.5 million on strong demand for their services.
This document summarizes Ryder System Inc.'s financial performance for the second quarter and first half of 2006 compared to the same periods in 2005. Some key highlights include:
- Total revenue increased 14.8% to $1.6 billion for the quarter and 14.3% to $3.1 billion for the first half.
- Earnings before income taxes rose 15.5% to $104.6 million for the quarter and 16.5% to $183.8 million for the first half.
- The Fleet Management Solutions segment saw revenue increase 8.2% for the quarter and 7.2% for the first half, while earnings before taxes grew 6.8% and
This document summarizes Ryder System Inc.'s financial performance for the second quarter and first half of 2006 compared to the same periods in 2005. Some key highlights include:
- Total revenue increased 14.8% to $1.6 billion for the quarter and 14.3% to $3.1 billion for the first half.
- Earnings before income taxes rose 15.5% to $104.6 million for the quarter and 16.5% to $183.8 million for the first half.
- The Fleet Management Solutions segment saw revenue increase 8.2% for the quarter and 7.2% for the first half, while earnings before taxes grew 6.8% and
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, discussed the company's strong third quarter fiscal year 2006 results and provided an outlook for fiscal years 2006 and 2007. Some highlights included record sales and operating income for Q3 2006. The company also announced two acquisitions, AK Specialty Vehicles and Iowa Mold Tooling, expected to be accretive to earnings in fiscal 2007. For fiscal 2006, Oshkosh estimates sales growth of 14.9-16.6% and EPS growth of 24-26%. Fiscal 2007 estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15.
Oshkosh Truck Corporation presented an investor presentation on its proposed acquisition of JLG Industries, Inc. The presentation discussed Oshkosh's track record of successful acquisitions and shareholder value creation. It also outlined the objectives of acquiring JLG to support growth above 15%, diversify into the fast-growing aerial work platform market, and execute its long-term acquisition strategy. Finally, the presentation provided an overview of Oshkosh Truck Corporation and its proven strategy of new product leadership, operational excellence, and strategic acquisitions that have fueled strong sales and earnings growth.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
In this earnings call, Oshkosh Truck Corporation discusses its first quarter 2007 results. Sales increased 27.4% to $1.01 billion due to the acquisition of JLG Industries. Operating income decreased 3.9% to $83.6 million and EPS decreased 23.6% to $0.55. The company increased its full-year 2007 EPS estimate range to $3.15 to $3.25 per share. JLG is meeting expectations and integration is progressing well. Defense sales were lower compared to strong prior year results while fire and emergency and commercial saw strong performance.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
1) Oshkosh reported strong third quarter 2007 results with sales increasing 108% to $1.85 billion and operating income up 133% to $192.7 million.
2) Access equipment and defense led the growth in sales and operating income. The acquisition of JLG was accretive to EPS by $0.35 per share.
3) For fiscal year 2007, Oshkosh estimates sales between $6.3-6.35 billion and EPS between $3.35-3.40, and for fiscal year 2008 estimates sales between $7-7.2 billion and EPS between $4.15-4.35.
The document summarizes Oshkosh Truck Corporation's fourth quarter fiscal 2007 earnings conference call. It discusses record sales and operating income for fiscal 2007. Projections are provided for fiscal 2008, estimating sales between $7.1-7.3 billion and operating income between $690-715 million. Segment performances are reviewed, with access equipment and defense highlighted as key growth drivers. Estimates are also given for interest expense, tax rates, capital expenditures and debt levels for fiscal 2008.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
The document summarizes Oshkosh Corporation's earnings conference call for the second quarter of fiscal year 2008. Key highlights include sales increasing 6.7% to $1.8 billion and operating income rising 24.8% to $168.2 million. EPS grew 42.6% to $0.97. While access equipment and defense saw strong demand, commercial and fire & emergency faced challenging market conditions. The company maintained its fiscal year 2008 EPS estimate range of $4.15 to $4.35.
The document summarizes Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. It discusses increases in sales revenue but decreases in operating income and earnings per share compared to the previous year. Several initiatives are mentioned to manage costs and cash flow in changing market conditions. Business segment results are provided, with strength in access equipment and defense but challenges in commercial and fire & emergency sectors.
This document is the transcript from Oshkosh Corporation's earnings conference call for the fourth quarter of fiscal year 2008. It discusses Oshkosh's financial results for Q4 and fiscal year 2008, including sales, operating income, earnings per share, and debt reduction. It also provides an outlook for fiscal year 2009, estimating revenues of $6.3-6.7 billion, operating income of $350-400 million, and EPS of $1.65-2.05. The transcript reviews performance and outlook for each of Oshkosh's business segments and discusses its financing plans.
Robert Bohn and David Sagehorn of Oshkosh Corporation gave a presentation at the Goldman Sachs Conference in November 2008. They discussed Oshkosh's strong financial position and actions taken to reduce costs and debt. While market conditions were volatile due to the economic downturn, Oshkosh was well positioned with backlogs in defense, fire, and refuse collection vehicles. The presentation outlined Oshkosh's segments and strategies to manage through the difficult economy.
1) The document is from a presentation given by Oshkosh executives Charles Szews and David Sagehorn at the R.W. Baird Industrial Conference on November 12, 2008.
2) Oshkosh reported sales increased 13.2% to $7.1 billion in fiscal 2008, with international sales reaching $2.1 billion. However, operating income decreased 1.5% and EPS decreased 5.9% due to non-cash impairment charges.
3) Oshkosh recently secured multiple defense contracts and sees opportunities in the domestic refuse collection vehicle market, but the current market volatility and credit crisis make fiscal 2009 projections difficult given exposure to construction and municipal spending.
Charles Szews, President and COO of Oshkosh Corporation, presented at the Cowen and Company Aerospace & Defense Conference on February 5, 2009. He discussed Oshkosh's business segments, products, competitive advantages, challenges, and actions taken in response to the economic downturn. Key points included reduced revenues and earnings in Q1 2009, cost reduction efforts, and focus on core businesses with strong backlogs like defense and fire apparatus that have gained market share.
Oshkosh Corporation held an earnings conference call to discuss its first quarter fiscal year 2008 results. Sales increased 49% to $1.5 billion due to strong growth in access equipment and defense, while earnings per share declined 9.1% to $0.50. For fiscal year 2008, the company estimates revenue of $7.1-7.3 billion, operating income of $675-700 million, and earnings per share of $4.15-4.35. Challenging economic conditions are impacting commercial and fire & emergency segments, but global initiatives and cost reductions will support the full-year outlook.
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This document contains the transcript from Oshkosh Corporation's earnings conference call for the third quarter of fiscal year 2008. Key highlights include a 6.6% increase in quarterly sales to $1.97 billion but a 5.9% decrease in operating income to $181.2 million. EPS for the quarter decreased 1.7% to $1.19. Oshkosh revised its estimate for full year 2008 EPS to a range of $3.15 to $3.30.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
1. RYDER SYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS - UNAUDITED
Periods ended September 30, 2008 and 2007
(In millions, except per share amounts)
Three Months Nine Months
2008 2007 2008 2007
Revenue $ 1,626.1 1,647.7 $ 4,829.9 4,899.8
Operating expense 804.4 694.7 2,411.3 2,063.2
Salaries and employee-related costs 355.2 348.4 1,067.6 1,047.3
Subcontracted transportation 89.4 233.6 258.4 737.9
Depreciation expense 214.6 207.8 629.8 606.3
Gains on vehicle sales, net (10.4) (8.1) (33.0) (36.7)
Equipment rental 19.3 25.1 61.1 67.9
Interest expense 40.6 40.2 115.7 120.4
Miscellaneous expense (income), net 1.0 (10.4) 2.3 (13.8)
Restructuring and other charges, net - 11.9 - 13.6
1,514.1 1,543.2 4,513.2 4,606.1
Earnings before income taxes 112.0 104.5 316.7 293.7
Provision for income taxes (41.8) (39.0) (127.5) (111.8)
Net earnings $ 70.2 65.5 $ 189.2 181.9
Earnings per common share - Diluted: $ 1.25 1.11 $ 3.31 3.01
Weighted-average shares outstanding - Diluted: 56.2 59.0 57.2 60.4
Note: Certain prior period amounts have been reclassified to conform to current year presentation.
2. RYDER SYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
PRELIMINARY AND SUBJECT TO RECLASSIFICATION
(Dollars in millions)
(unaudited)
September 30, December 31,
2008 2007
Assets:
Cash and cash equivalents $ 110.4 116.5
Other current assets 979.6 1,105.6
Revenue earning equipment, net 4,642.3 4,501.4
Operating property and equipment, net 560.7 518.7
Other assets 663.3 612.4
$ 6,956.3 6,854.6
Liabilities and shareholders' equity:
Short-term debt / current portion of long-term debt $ 285.9 222.7
Other current liabilities 783.0 796.7
Long-term debt 2,635.7 2,553.4
Other non-current liabilities (including deferred income taxes) 1,478.9 1,394.2
Shareholders' equity 1,772.8 1,887.6
$ 6,956.3 6,854.6
SELECTED KEY RATIOS
September 30, December 31,
2008 2007
Debt to equity 165% 147%
Total obligations to equity (a) * 174% 157%
Twelve months ended September 30,
2008 2007
Return on average shareholders' equity 14.1% 14.1%
Return on average assets 3.8% 3.6%
Return on capital* 7.4% 7.4%
(a) Total obligations represent debt plus off-balance sheet equipment obligations.
* Non-GAAP financial measure; see reconciliation to closest GAAP financial measure included within this
release.
3. RYDER SYSTEM, INC. AND SUBSIDIARIES
BUSINESS SEGMENT REVENUE AND EARNINGS - UNAUDITED
Periods ended September 30, 2008 and 2007
(Dollars in millions)
Three Months Nine Months
2008 2007 B(W) 2008 2007 B(W)
Revenue:
Fleet Management Solutions:
Full service lease $ 516.4 496.2 4% $ 1,536.7 1,461.4 5%
Contract maintenance 43.4 40.9 6% 125.9 118.1 7%
Contractual revenue 559.8 537.1 4% 1,662.6 1,579.5 5%
Contract-related maintenance 48.3 48.1 1% 150.2 150.3 0%
Commercial rental 149.5 155.0 (4)% 428.8 431.3 (1)%
Other 19.5 18.3 6% 56.4 53.6 5%
Fuel 389.6 293.4 33% 1,175.7 862.6 36%
Total Fleet Management Solutions 1,166.7 1,051.9 11% 3,473.7 3,077.3 13%
Supply Chain Solutions 430.8 554.0 (22)% 1,285.9 1,704.4 (25)%
Dedicated Contract Carriage 140.6 143.8 (2)% 421.5 423.4 0%
Eliminations (112.0) (102.0) (10)% (351.2) (305.3) (15)%
Total revenue $ 1,626.1 1,647.7 (1)% $ 4,829.9 4,899.8 (1)%
Operating Revenue: *
Fleet Management Solutions $ 777.1 758.5 2% $ 2,298.0 2,214.7 4%
Supply Chain Solutions 344.2 325.3 6% 1,035.8 977.3 6%
Dedicated Contract Carriage 137.8 138.9 (1)% 413.1 412.6 0%
Eliminations (49.3) (52.0) 5% (151.9) (157.6) 4%
Total operating revenue $ 1,209.8 1,170.7 3% $ 3,595.0 3,447.0 4%
Business segment earnings:
Earnings before income taxes:
Fleet Management Solutions $ 104.8 93.2 12% $ 312.0 271.4 15%
Supply Chain Solutions 12.7 17.4 (27)% 27.8 44.3 (37)%
Dedicated Contract Carriage 13.2 12.3 7% 36.9 35.2 5%
Eliminations (8.3) (6.4) (28)% (23.5) (23.2) (1)%
122.4 116.5 5% 353.2 327.7 8%
Unallocated Central Support Services (10.4) (10.1) (3)% (30.0) (30.4) 1%
Earnings before restructuring and
other charges, net and income taxes 112.0 106.4 5% 323.2 297.3 9%
Restructuring and other charges, net and other items - (1.9) NM (6.5) (3.6) NM
Earnings before income taxes 112.0 104.5 7% 316.7 293.7 8%
Provision for income taxes (41.8) (39.0) (7)% (127.5) (111.8) (14)%
Net earnings $ 70.2 65.5 7% $ 189.2 181.9 4%
* Non-GAAP financial measure
Note: Amounts may not recalculate due to rounding.
4. RYDER SYSTEM, INC. AND SUBSIDIARIES
BUSINESS SEGMENT INFORMATION - UNAUDITED
Periods ended September 30, 2008 and 2007
(Dollars in millions)
Three Months Nine Months
2008 2007 B(W) 2008 2007 B(W)
Fleet Management Solutions
Total revenue $ 1,166.7 1,051.9 11% $ 3,473.7 3,077.3 13%
Fuel revenue (389.6) (293.4) 33% (1,175.7) (862.6) 36%
Operating revenue * $ 777.1 758.5 2% $ 2,298.0 2,214.7 4%
Segment earnings before income taxes $ 104.8 93.2 12% $ 312.0 271.4 15%
Earnings before income taxes as % of total revenue 9.0% 8.9% 9.0% 8.8%
Earnings before income taxes as % of operating revenue * 13.5% 12.3% 13.6% 12.3%
Supply Chain Solutions
Total revenue $ 430.8 554.0 (22%) $ 1,285.9 1,704.4 (25%)
Subcontracted transportation (86.6) (228.7) (62%) (250.1) (727.1) (66%)
Operating revenue * $ 344.2 325.3 6% $ 1,035.8 977.3 6%
Segment earnings before income taxes $ 12.7 17.4 (27%) $ 27.8 44.3 (37%)
Earnings before income taxes as % of total revenue 2.9% 3.1% 2.2% 2.6%
Earnings before income taxes as % of operating revenue * 3.7% 5.3% 2.7% 4.5%
Memo: Fuel costs $ 37.0 29.7 (25%) $ 124.7 88.9 (40%)
Dedicated Contract Carriage
Total revenue $ 140.6 143.8 (2%) $ 421.5 423.4 0%
Subcontracted transportation (2.8) (4.9) (43%) (8.4) (10.8) (22%)
Operating revenue * $ 137.8 138.9 (1%) $ 413.1 412.6 0%
Segment earnings before income taxes $ 13.2 12.3 7% $ 36.9 35.2 5%
Earnings before income taxes as % of total revenue 9.4% 8.5% 8.8% 8.3%
Earnings before income taxes as % of operating revenue * 9.6% 8.8% 8.9% 8.5%
Memo: Fuel costs $ 33.4 26.7 (25%) $ 100.6 77.9 (29%)
* Non-GAAP financial measure
Note: Amounts may not recalculate due to rounding.
5. RYDER SYSTEM, INC. AND SUBSIDIARIES
NON-GAAP FINANCIAL MEASURE RECONCILIATIONS - PRELIMINARY AND UNAUDITED
(In millions)
OPERATING REVENUE RECONCILIATION Three months Nine months
2008 2007 2008 2007
Total revenue $ 1,626.1 1,647.7 $ 4,829.9 4,899.8
Fuel services and subcontracted transportation revenue (479.0) (527.0) (1,434.2) (1,600.5)
Fuel eliminations 62.7 50.0 199.3 147.7
Operating revenue * $ 1,209.8 1,170.7 $ 3,595.0 3,447.0
CASH FLOW RECONCILIATION Nine months ended September 30,
2008 2007
Net cash provided by operating activities $ 882.0 837.3
Proceeds from sales (primarily revenue earning equipment) 212.3 296.5
Proceeds from sale & leaseback of assets - 150.3
Collections on direct finance leases 46.8 47.0
Other, net 0.4 1.1
Total cash generated * 1,141.5 1,332.2
Capital expenditures (891.2) (1,093.5)
Free cash flow * $ 250.3 238.7
SCS REVENUE RECONCILIATION Three months Nine months
2008 2007 B(W) 2008 2007 B(W)
Total SCS revenue $ 430.8 554.0 (22%) $ 1,285.9 1,704.4 (25%)
Customer contract modification - (152.6) (100%) - (506.7) (100%)
Adjusted total SCS revenue* $ 430.8 401.5 7% $ 1,285.9 1,197.8 7%
DEBT TO EQUITY RECONCILIATION September 30, December 31,
2008 % to Equity % to Equity
2007
On-balance sheet debt $ 2,921.6 165% $ 2,776.1 147%
Off-balance sheet debt - PV of minimum lease payments
and guaranteed residual values under operating leases for
vehicles (a) 167.2 178.0
Total obligations * $ 3,088.8 174% $ 2,954.1 157%
NET EARNINGS RECONCILIATION Three Months Nine Months
2008 2007 2008 2007
Net earnings $ 70.2 65.5 $ 189.2 181.9
2008 tax changes (1.6) - (1.6) -
Brazil charges - - 6.8 -
3Q07 Restructuring Charge - 7.8 - 7.8
Gain on Sale of Property - (6.1) - (6.1)
Comparable net earnings* $ 68.6 67.2 $ 194.5 183.6
EPS RECONCILIATION Three Months Nine Months
2008 2007 2008 2007
Net earnings $ 1.25 1.11 $ 3.31 3.01
2008 tax changes (0.03) - (0.03) -
Brazil charges - - 0.12 -
3Q07 Restructuring Charge - 0.13 - 0.13
Gain on Sale of Property - (0.10) - (0.10)
Comparable net earnings* $ 1.22 1.14 $ 3.40 3.04
RETURN ON CAPITAL RECONCILIATION Twelve months ended September 30,
2008 2007
Net earnings (12-month rolling period) $ 261.1 247.7
+ Restructuring and other charges, net and other items 8.0 -
+ Income taxes 167.4 147.7
Adjusted earnings before income taxes 436.5 395.4
+ Adjusted interest expense (b) 164.4 165.7
- Adjusted income taxes (c) (240.1) (210.9)
= Adjusted net earnings for ROC (numerator) $ 360.8 350.2
Average total debt $ 2,857.9 2,829.8
+ Average off-balance sheet debt 176.4 124.3
+ Average adjusted total shareholders' equity (d) 1,850.3 1,749.8
= Adjusted average total capital (denominator) $ 4,884.6 4,703.9
Adjusted ROC * 7.4% 7.4%
Notes:
(a) Discounted at the incremental borrowing rate at lease inception.
(b) Interest expense includes implied interest on off-balance sheet vehicle obligations.
(c) Income taxes were calculated using the effective income tax rate for the period exclusive of
comparable earnings items.
(d) Represents shareholders' equity excluding comparable earnings items for those periods.
* Non-GAAP financial measure
Note: Amounts may not recalculate due to rounding.
Certain prior period amounts have been reclassified to conform to current year presentation.