GREENBRIER COMPANIES INC
For the period ended Nov 30, 2023. Filed Jan 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 5, 2024
GBX$41.93+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In millions, unaudited)
| Three Months EndedNovember 30, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net earnings (loss) | $33.2 | $(17.3) |
| Adjustments to reconcile net earnings (loss) to net cash used in operating activities: | ||
| Deferred income taxes | (29.3) | (19.0) |
| Depreciation and amortization | 26.8 | 26.0 |
| Net loss (gain) on disposition of equipment | 0.1 | (3.3) |
| Stock based compensation expense | 3.4 | 3.2 |
| Impairment of long-lived assets | — | 24.2 |
| Noncontrolling interest adjustments | 0.4 | 5.5 |
| Other | 0.9 | 0.9 |
| Decrease (increase) in assets: | ||
| Accounts receivable, net | 72.6 | 8.1 |
| Income tax receivable | 31.7 | 10.9 |
| Inventories | (61.6) | (56.3) |
| Leased railcars for syndication | (20.0) | (195.3) |
| Other assets | 4.9 | (7.0) |
| Increase (decrease) in liabilities: | ||
| Accounts payable and accrued liabilities | (103.2) | (53.7) |
| Deferred revenue | (4.6) | 17.6 |
| Net cash used in operating activities | (44.7) | (255.5) |
| Cash flows from investing activities | ||
| Proceeds from sales of assets | 0.4 | 13.8 |
| Capital expenditures | (68.3) | (57.0) |
| Investments in and advances to / repayments from unconsolidated affiliates | — | 0.9 |
| Cash distribution from unconsolidated affiliates and other | 0.6 | (0.7) |
| Net cash used in investing activities | (67.3) | (43.0) |
| Cash flows from financing activities | ||
| Net change in revolving notes with maturities of 90 days or less | 31.0 | (83.4) |
| Proceeds from revolving notes with maturities longer than 90 days | 90.1 | 110.0 |
| Repayments of revolving notes with maturities longer than 90 days | (139.9) | (35.0) |
| Proceeds from issuance of notes payable | 178.6 | 41.0 |
| Repayments of notes payable | (9.7) | (9.2) |
| Debt issuance costs | (2.5) | — |
| Repurchase of stock | (1.3) | — |
| Dividends | (10.3) | (9.3) |
| Cash distribution to joint venture partner | — | (2.5) |
| Tax payments for net share settlement of restricted stock | (5.2) | (2.3) |
| Net cash provided by financing activities | 130.8 | 9.3 |
| Effect of exchange rate changes | (0.2) | 10.6 |
| Increase (decrease) in Cash and cash equivalents and Restricted cash | 18.6 | (278.6) |
| Cash and cash equivalents and restricted cash | ||
| Beginning of period | 302.7 | 559.1 |
| End of period | $321.3 | $280.5 |
| Balance sheet reconciliation | ||
| Cash and cash equivalents | $307.3 | $263.3 |
| Restricted cash | 14.0 | 17.2 |
| Total cash and cash equivalents and restricted cash as presented above | $321.3 | $280.5 |
| Cash paid during the period for | ||
| Interest | $22.4 | $18.0 |
| Income taxes paid, net | $7.9 | $7.6 |
| Non-cash activity | ||
| Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net | $50.7 | $33.3 |
| Capital expenditures accrued in Accounts payable and accrued liabilities | $4.5 | $3.9 |
| Change in Accounts payable and accrued liabilities associated with dividends declared | $(0.7) | $(0.2) |
| Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner | $— | $2.5 |
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