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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operating activities      
Net earnings $ 75.6 $ 53.8 $ 35.1
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Deferred income taxes 7.2 12.9 51.1
Depreciation and amortization 106.3 102.0 100.7
Net gain on disposition of equipment (17.3) (37.2) (1.2)
Stock based compensation expense 12.1 15.5 14.7
Asset impairment, disposal, and exit costs, net 46.7    
Net loss on extinguishment of debt     6.3
Accretion of debt discount     7.1
Noncontrolling interest adjustments 8.4 1.6 2.3
Other 3.7 3.8 2.4
Decrease (increase) in assets:      
Accounts receivable, net (14.6) (198.2) (82.1)
Income tax receivable (2.4) 72.3 (103.0)
Inventories (17.2) (267.9) (166.5)
Leased railcars for syndication (123.7) (40.6) (11.9)
Other assets (51.6) (28.1) (5.8)
Increase (decrease) in liabilities:      
Accounts payable and accrued liabilities 16.3 165.3 109.9
Deferred revenue 21.7 (5.6) 0.4
Net cash provided by (used in) operating activities 71.2 (150.4) (40.5)
Cash flows from investing activities      
Proceeds from sales of assets 78.8 155.5 15.9
Capital expenditures (362.1) (380.7) (139.0)
Investment in and advances to unconsolidated affiliates (3.5) (2.3)  
Cash distribution from unconsolidated affiliates and other 6.8 3.5 5.3
Net cash used in investing activities (280.0) (224.0) (117.8)
Cash flows from financing activities      
Net changes in revolving notes with maturities of 90 days or less 29.8 (101.3) 197.4
Proceeds from revolving notes with maturities longer than 90 days 220.0 35.0 112.0
Repayments of revolving notes with maturities longer than 90 days (255.0)   (287.0)
Proceeds from issuance of notes payable 75.0 398.3 391.9
Repayments of notes payable (36.8) (23.4) (337.8)
Debt issuance costs (0.6) (7.3) (22.0)
Repurchase of stock (56.9)   (20.0)
Dividends (36.1) (35.8) (35.6)
Cash distribution to joint venture partner (13.0) (16.9) (25.3)
Investment by joint venture partner     7.0
Tax payments for net share settlement of restricted stock (2.6) (3.7) (3.3)
Net cash provided by (used in) financing activities (76.2) 244.9 (22.7)
Effect of exchange rate changes 28.6 17.2 10.3
Decrease in cash and cash equivalents and restricted cash (256.4) (112.3) (170.7)
Cash and cash equivalents and restricted cash      
Cash and cash equivalents and restricted cash, Beginning balance 559.1 671.4 842.1
Cash and cash equivalents and restricted cash, Ending balance 302.7 559.1 671.4
Balance Sheet Reconciliation      
Cash and cash equivalents 281.7 543.0 646.8
Restricted cash 21.0 16.1 24.6
Total cash and cash equivalents and restricted cash as presented above 302.7 559.1 671.4
Cash (received) paid during the period for      
Interest 70.0 45.1 28.1
Income taxes, net 23.0 (55.0) 11.1
Non-cash activity      
Transfer from Leased railcars for syndication and Inventories to Equipment on operating leases, net (40.0) (11.6) 188.5
Capital expenditures accrued in Accounts payable and accrued liabilities 22.0 10.9 5.2
Transfer from Property, plant and equipment, net to Intangibles and other assets, net for assets moved to Assets held for sale   3.5  
Change in Accounts payable and accrued liabilities associated with dividends declared (0.3)    
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner $ 2.1 $ 1.4 $ 0.6