EX-99.1 2 d672075dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

SUPPLEMENTAL INFORMATION

(In thousands, unaudited)

Segment Information

Greenbrier operates in three reportable segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The accounting policies of the segments are described in the summary of significant accounting policies in the Consolidated Financial Statements contained in the Company’s 2013 Annual Report on Form 10-K. Performance for each of these segments is evaluated based on earnings (loss) from operations. Corporate includes selling and administrative costs not directly related to goods and services and certain costs that are intertwined among segments due to the Company’s integrated business. Greenbrier’s management does not allocate Interest and foreign exchange or Income tax benefit (expense) for either external or internal reporting purposes. Intersegment sales and transfers are valued as if the sales or transfers were to third parties. Related revenue and margin are eliminated in consolidation and therefore are not included in consolidated results in the Company’s Consolidated Financial Statements.

The information in the following table is derived directly from the segments’ internal financial reports used for corporate management purposes.

For the three months ended November 30, 2013

 

     Revenue     Earnings (loss) from operations  
     External      Intersegment     Total     External     Intersegment     Total  

Manufacturing

   $ 359,473       $ —        $ 359,473      $ 38,314      $ —        $ 38,314   

Wheels, Repair & Parts

     113,401         1,653        115,054        (374     31        (343

Leasing & Services

     17,481         2,869        20,350        8,670        2,869        11,539   

Eliminations

     —           (4,522     (4,522     —          (2,900     (2,900

Corporate

     —           —          —          (8,388     —          (8,388
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 490,355       $ —        $ 490,355      $ 38,222      $ —        $ 38,222   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the three months ended August 31, 2013

 

     Revenue     Earnings (loss) from operations  
     External      Intersegment     Total     External     Intersegment     Total  

Manufacturing

   $ 351,728       $ 15      $ 351,743      $ 30,227      $ —        $ 30,227   

Wheels, Repair & Parts

     114,003         3,326        117,329        (108     (66     (174

Leasing & Services

     18,484         9,040        27,524        15,247        9,040        24,287   

Eliminations

     —           (12,381     (12,381     —          (8,974     (8,974

Corporate

     —           —          —          (6,139     —          (6,139
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 484,215       $ —        $ 484,215      $ 39,227      $ —        $ 39,227   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the three months ended May 31, 2013

 

     Revenue     Earnings (loss) from operations  
     External      Intersegment     Total     External     Intersegment     Total  

Manufacturing

   $ 284,591       $ 27      $ 284,618      $ 21,551      $ —        $ 21,551   

Wheels, Repair & Parts

     131,167         2,548        133,715        (70,242     29        (70,213

Leasing & Services

     17,905         2,853        20,758        9,427        2,851        12,278   

Eliminations

     —           (5,428     (5,428     —          (2,880     (2,880

Corporate

     —           —          —          (7,808     —          (7,808
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 433,663       $ —        $ 433,663      $ (47,072   $ —        $ (47,072
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

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SUPPLEMENTAL INFORMATION

(In thousands, unaudited)

For the three months ended February 28, 2013

 

     Revenue     Earnings (loss) from operations  
     External      Intersegment     Total     External     Intersegment     Total  

Manufacturing

   $ 294,047       $ 253      $ 294,300      $ 21,542      $ 15      $ 21,557   

Wheels, Repair & Parts

     111,952         3,698        115,650        3,247        (191     3,056   

Leasing & Services

     17,167         2,455        19,622        9,036        2,454        11,490   

Eliminations

     —           (6,406     (6,406     —          (2,278     (2,278

Corporate

     —           —          —          (7,416     —          (7,416
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 423,166       $ —        $ 423,166      $ 26,409      $ —        $ 26,409   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the three months ended November 30, 2012

 

     Revenue     Earnings (loss) from operations  
     External      Intersegment     Total     External     Intersegment     Total  

Manufacturing

   $ 285,368       $ 6,949      $ 292,317      $ 15,502      $ (45   $ 15,457   

Wheels, Repair & Parts

     112,100         5,386        117,486        6,137        (63     6,074   

Leasing & Services

     17,906         4,392        22,298        8,701        4,392        13,093   

Eliminations

     —           (16,727     (16,727     —          (4,284     (4,284

Corporate

     —           —          —          (7,253     —          (7,253
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 415,374       $ —        $ 415,374      $ 23,087      $ —        $ 23,087   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

     Total assets  
     November 30,      August 31,      May 31,      February 28,      November 30,  
     2013      2013      2013      2013      2012  

Manufacturing

   $ 461,096       $ 401,630       $ 428,781       $ 424,622       $ 442,186   

Wheels, Repair & Parts

     304,249         318,483         334,974         408,958         417,777   

Leasing & Services

     427,023         463,381         481,331         466,802         487,161   

Unallocated

     90,210         106,247         40,520         64,539         48,609   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $ 1,282,578       $ 1,289,741       $ 1,285,606       $ 1,364,921       $ 1,395,733   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

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