What does maintenance services — deferred revenue mean?

Payments received from customers for services that have not yet been performed or delivered.

How do you interpret maintenance services — deferred revenue?

An increase indicates strong future demand and a growing backlog of service obligations, while a significant decrease may signal a slowdown in new contract signings or renewals.

How does maintenance services — deferred revenue compare across companies?

Comparable to deferred revenue or unearned income balances reported by companies with long-term service or subscription-based contracts.

Ryder System R Maintenance Services — Deferred Revenue

Discontinued — last reported Q3 '19

Similar metrics at other companies

NTAPFinanced Unearned Services Revenue — Deferred Revenue

$40M-14.9%

NTAPDeferred Services Revenue — Deferred Revenue

$4.42B+8.7%

MRNAGovernment contract — Deferred Revenue

$601.4M—

GDDYBusiness applications — Deferred Revenue

$385.7M+18.4%

BBYDeferred revenue — Contract with Customer, Liability, Current

$843M-5.4%

SSN

SSNTMaintenance revenue — Contract with customer, liability

——

Other financials

Income statement

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Revenue$3.1B-0.2%

Net income$93.0M-5.1%

EPS (diluted)$2.33+2.6%

Balance sheet

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Cash & equivalents$182.0M+20.5%

Total debt$10.4B+5.0%

Total equity$2.9B-4.8%

Total assets$16.2B-1.2%

Cash flow

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Operating cash flow$583.0M-10.4%

CapEx$427.0M-16.9%

Free cash flow$156.0M+13.9%

Valuation

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Market cap$10.19B+33.7%

Enterprise value$20.44B+15.8%

P/E20.6×+5.4×

P/S0.8×+0.2×

Profitability

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Gross margin59.1%—

Net margin3.9%-0.1pp

FCF margin-0%0.0pp

Returns & leverage

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Return on equity16.9%+0.3pp

Debt / equity3.7×+0.3×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by Ryder System in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Ryder System’s 10-Q, filed October 30, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does maintenance services — deferred revenue mean?: Payments received from customers for services that have not yet been performed or delivered.
How do you interpret maintenance services — deferred revenue?: An increase indicates strong future demand and a growing backlog of service obligations, while a significant decrease may signal a slowdown in new contract signings or renewals.
How does maintenance services — deferred revenue compare across companies?: Comparable to deferred revenue or unearned income balances reported by companies with long-term service or subscription-based contracts.