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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
May 31, 2023
May 31, 2022
Cash flows from operating activities    
Net earnings $ 46.2 $ 24.4
Adjustments to reconcile net earnings to net cash used in operating activities:    
Deferred income taxes (18.4) 16.9
Depreciation and amortization 79.8 75.9
Net gain on disposition of equipment (15.2) (34.3)
Stock based compensation expense 8.8 10.9
Asset impairment, disposal, and exit costs 40.6  
Noncontrolling interest adjustments 2.8 0.7
Other 2.8 3.4
Decrease (increase) in assets:    
Accounts receivable, net (16.1) (160.3)
Income tax receivable 10.0 (17.3)
Inventories (80.7) (224.2)
Leased railcars for syndication (57.3) (77.6)
Other assets (42.9) (16.1)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities 8.3 77.2
Deferred revenue 32.5 (8.0)
Net cash provided by (used in) operating activities 1.2 (328.4)
Cash flows from investing activities    
Proceeds from sales of assets 76.3 155.1
Capital expenditures (253.9) (248.8)
Investments in and advances to / repayments from unconsolidated affiliates (3.5) (4.2)
Cash distribution from unconsolidated affiliates and other 6.3 1.8
Net cash used in investing activities (174.8) (96.1)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less (11.5) (97.3)
Proceeds from revolving notes with maturities longer than 90 days 220.0 35.0
Repayments of revolving notes with maturities longer than 90 days (230.0)  
Proceeds from issuance of notes payable 75.0 323.3
Repayments of notes payable (27.1) (15.0)
Debt issuance costs (0.2) (7.2)
Repurchase of stock (48.0)  
Dividends (26.7) (26.9)
Cash distribution to joint venture partner (8.4) (9.4)
Tax payments for net share settlement of restricted stock (2.3) (3.5)
Net cash provided by (used in) financing activities (59.2) 199.0
Effect of exchange rate changes 15.2 19.9
Decrease in Cash and cash equivalents and Restricted cash (217.6) (205.6)
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 341.5 465.8
Balance sheet reconciliation    
Cash and cash equivalents 321.4 449.7
Restricted cash 20.1 16.1
Total cash and cash equivalents and restricted cash as presented above 341.5 465.8
Cash paid during the period for    
Interest 57.1 33.3
Income taxes paid, net 13.7 11.1
Non-cash activity    
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net 40.0 13.0
Capital expenditures accrued in Accounts payable and accrued liabilities 3.2 5.7
Change in Accounts payable and accrued liabilities associated with dividends declared 0.2 (0.1)
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner 2.5 $ 0.6
Repurchase of stock accrued in Accounts payable and accrued liabilities $ 1.4