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Ryman Hospitality Properties cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$72.0M in Q3 2026 · $211M over twelve months

Operating cash flow$194M
Capital spending−$122M
Free cash flow+$72.0M
Cash / net income4.9×

Analysis

In Q3 2026, Ryman Hospitality Properties generated $194M of operating cash flow and spent $122M on capital projects, leaving free cash flow of $72.0M. That is $63.4M less than in Q3 2025 ($135M).

Over the twelve months to Sep 30, 2026, operating cash flow was $680M; the largest uses were other investing ($1.3B), other financing ($739M), capital spending ($469M); besides operations, cash came from net borrowing (+) / repaid (−) ($1.4B), shares issued ($659M); the cash balance fell by $121M.

Operating cash flow was $194M against net income of $39.7M — 4.9× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$83.2M, payables +$75.4M, other operating capital −$31.5M.

Free cash flow

Ryman Hospitality Properties: free cash flow by quarterRyman Hospitality Properties: free cash flow by quarter$76.0MQ4 2024−$14.5MQ1 2025$53.0MQ2 2025$135MQ3 2025$58.5MQ4 2025$55.6MQ1 2026$25.2MQ2 2026$72.0MQ3 2026
Operating cash flow less capital spending.
Ryman Hospitality Properties: operating cash flow against capital spendingRyman Hospitality Properties: operating cash flow against capital spendingOperating cash flowCapital spending$167M$90.6MQ4 2024$98.2M$113MQ1 2025$122M$69.5MQ2 2025$205M$69.9MQ3 2025$165M$106MQ4 2025$169M$114MQ1 2026$153M$128MQ2 2026$194M$122MQ3 2026
Latest (Q3 2026): Operating cash flow $194M, Capital spending $122M.

Capital allocation, year by year

Ryman Hospitality Properties: where the cash came from (up) and went (down), by fiscal yearRyman Hospitality Properties: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingDividendsFY2021: Operating cash flow $111MFY2021: Net borrowing $284MFY2021: Capital spending −$77.4MFY2021: Dividends −$502K$395MFY2021FY2022: Operating cash flow $420MFY2022: Net borrowing −$190MFY2022: Capital spending −$89.5MFY2022: Dividends −$5.9M$420MFY2022FY2023: Operating cash flow $557MFY2023: Net borrowing $400MFY2023: Shares issued $395MFY2023: Capital spending −$207MFY2023: Dividends −$176M$1.4BFY2023FY2024: Operating cash flow $577MFY2024: Net borrowing $1.0BFY2024: Capital spending −$408MFY2024: Dividends −$266M$1.6BFY2024FY2025: Operating cash flow $591MFY2025: Net borrowing $625MFY2025: Shares issued $276MFY2025: Capital spending −$358MFY2025: Dividends −$286M$1.5BFY2025
Over these 5 years operating cash flow totalled $2.3B; the largest uses were capital spending ($1.1B) and dividends ($734M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$348M
Debtnone
Net cash$348M
Due within a year$7.2M

Ryman Hospitality Properties funds itself: free cash flow was $211M over the last twelve months, with $348M of cash and investments and no debt on the balance sheet ($7.2M due within a year, 48.1× covered by cash).

Ryman Hospitality Properties: debt maturities by year (FY2025)Ryman Hospitality Properties: debt maturities by year (FY2025)$7.2MYear 1$707MYear 2$407MYear 3$607MYear 4$282MYear 5$2.0BAfter year 5
Principal due in each year as disclosed in the annual report, against $348M of cash and investments now.

Where the cash came from and went

Ryman Hospitality Properties: sources (+) and uses (−) of cash, Q3 2026Ryman Hospitality Properties: sources (+) and uses (−) of cash, Q3 2026Other investing−$1.3BNet borrowing (+) / repaid (−)$700MOther financing$646MOperating cash flow$194MCapital spending−$122MDividends−$76.3MCash drawn (+) / kept (−)$2.2MTaxes on employees’ shares−$116K
Ryman Hospitality Properties: sources (+) and uses (−) of cash, TTM to Q3 2026Ryman Hospitality Properties: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$1.4BOther investing−$1.3BOther financing−$739MOperating cash flow$680MShares issued$659MCapital spending−$469MDividends−$303MCash drawn (+) / kept (−)$121MTaxes on employees’ shares−$5.5M

From profit to cash

Ryman Hospitality Properties: net income to operating cash flow, Q3 2026Ryman Hospitality Properties: net income to operating cash flow, Q3 2026Net income$39.7MDepreciation & amortization$83.2MStock-based pay$4.1MDeferred taxes−$7.5MReceivables$22.2MPayables$75.4MOther operating capital−$31.5MOperating cash flow$194M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$194M−$122M−$76.3M$700M$2.2M$72.0M
Q2 2026$153M−$128M−$76.2M—$53.5M$25.2M
Q1 2026$169M−$114M−$77.5M—$48.9M$55.6M
Q4 2025$165M−$106M−$72.9M—$16.4M$58.5M
Q3 2025$205M−$69.9M−$72.9M—−$65.8M$135M
Q2 2025$122M−$69.5M−$69.5M—$10.6M$53.0M
Q1 2025$98.2M−$113M−$70.3M—$115M−$14.5M
Q4 2024$167M−$90.6M−$66.4M—−$5.3M$76.0M

Ryman Hospitality Properties: income statement and cash flow

Ryman Hospitality Properties, Q3 2026: revenue $656M (+11% year over year), operating margin 14.4%. The chart follows the revenue to costs, profit and cash.

Ryman Hospitality Properties: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.