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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows from operating activities    
Net earnings $ 19.5 $ 16.8
Adjustments to reconcile net earnings to net cash used in operating activities:    
Deferred income taxes (33.9) (4.3)
Depreciation and amortization 52.9 50.9
Net gain on disposition of equipment (12.9) (33.6)
Stock based compensation expense 5.9 5.9
Impairment of long-lived assets 24.2  
Noncontrolling interest adjustments 2.3 (0.6)
Other 1.9 2.4
Decrease (increase) in assets:    
Accounts receivable, net (57.8) (93.5)
Income tax receivable 17.4 6.2
Inventories (90.4) (166.5)
Leased railcars for syndication (40.1) (12.2)
Other assets (12.8) (8.5)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (9.7) 15.2
Deferred revenue 37.1 1.5
Net cash used in operating activities (96.4) (220.3)
Cash flows from investing activities    
Proceeds from sales of assets 62.1 148.6
Capital expenditures (169.7) (198.0)
Investments in and advances to / repayments from unconsolidated affiliates (3.5) (4.2)
Cash distribution from unconsolidated affiliates and other 5.9 1.2
Net cash used in investing activities (105.2) (52.4)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less (64.4) (75.6)
Proceeds from revolving notes with maturities longer than 90 days 220.0  
Repayments of revolving notes with maturities longer than 90 days (145.0)  
Proceeds from issuance of notes payable 75.0 323.3
Repayments of notes payable (18.2) (7.6)
Debt issuance costs (0.2) (5.2)
Repurchase of stock (16.7)  
Dividends (18.1) (18.1)
Cash distribution to joint venture partner (6.4) (8.5)
Tax payments for net share settlement of restricted stock (2.3) (3.5)
Net cash provided by financing activities 23.7 204.8
Effect of exchange rate changes 18.4 (1.0)
Decrease in cash and cash equivalents and restricted cash (159.5) (68.9)
Cash and cash equivalents and restricted cash    
Cash and cash equivalents and restricted cash, Beginning balance 559.1 671.4
Cash and cash equivalents and restricted cash, Ending balance 399.6 602.5
Balance sheet reconciliation    
Cash and cash equivalents 379.9 586.8
Restricted cash 19.7 15.7
Total cash and cash equivalents and restricted cash as presented above 399.6 602.5
Cash paid during the period for    
Interest 31.3 14.9
Income taxes paid, net 19.5 1.7
Non-cash activity    
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net 39.7 10.5
Capital expenditures accrued in Accounts payable and accrued liabilities 4.4 2.6
Change in Accounts payable and accrued liabilities associated with dividends declared 0.1 0.4
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner 2.5 $ 0.1
Repurchase of stock accrued in Accounts payable and accrued liabilities $ 0.7