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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash flows from operating activities    
Net earnings $ 66.8 $ 19.5
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Deferred income taxes (35.5) (33.9)
Depreciation and amortization 54.3 52.9
Net gain on disposition of equipment (4.8) (12.9)
Stock based compensation expense 8.1 5.9
Impairment of long-lived assets   24.2
Noncontrolling interest adjustments 1.6 2.3
Other 2.0 1.9
Decrease (increase) in assets:    
Accounts receivable, net 12.2 (57.8)
Income tax receivable 21.3 17.4
Inventories (8.4) (90.4)
Leased railcars for syndication (6.7) (40.1)
Other assets 2.5 (12.8)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (93.8) (9.7)
Deferred revenue 34.8 37.1
Net cash provided by (used in) operating activities 54.4 (96.4)
Cash flows from investing activities    
Proceeds from sales of assets 25.9 62.1
Capital expenditures (190.5) (169.7)
Investments in and advances to / repayments from unconsolidated affiliates   (3.5)
Cash distribution from unconsolidated affiliates and other 1.5 5.9
Net cash used in investing activities (163.1) (105.2)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 28.5 (64.4)
Proceeds from revolving notes with maturities longer than 90 days 114.5 220.0
Repayments of revolving notes with maturities longer than 90 days (140.2) (145.0)
Proceeds from issuance of notes payable 178.6 75.0
Repayments of notes payable (68.2) (18.2)
Debt issuance costs (2.9) (0.2)
Repurchase of stock (1.3) (16.7)
Dividends (19.7) (18.1)
Cash distribution to joint venture partner (4.4) (6.4)
Tax payments for net share settlement of restricted stock (5.2) (2.3)
Net cash provided by financing activities 79.7 23.7
Effect of exchange rate changes (1.7) 18.4
Decrease in Cash and cash equivalents and Restricted cash (30.7) (159.5)
Cash and cash equivalents and restricted cash    
Cash and cash equivalents and restricted cash, Beginning balance 302.7 559.1
Cash and cash equivalents and restricted cash, Ending balance 272.0 399.6
Balance sheet reconciliation    
Cash and cash equivalents 252.0 379.9
Restricted cash 20.0 19.7
Total cash and cash equivalents and restricted cash as presented above 272.0 399.6
Cash paid during the period for    
Interest 42.5 31.3
Income taxes paid, net 31.7 19.5
Non-cash activity    
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net 64.8 39.7
Capital expenditures accrued in Accounts payable and accrued liabilities 13.0 4.4
Change in Accounts payable and accrued liabilities associated with dividends declared $ 0.3 0.1
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner   2.5
Repurchase of stock accrued in Accounts payable and accrued liabilities   $ 0.7