XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Feb. 28, 2019
Feb. 28, 2018
Revenue        
Revenue $ 658,671 $ 629,336 $ 1,263,194 $ 1,188,871
Cost of revenue        
Cost of revenue 604,827 523,989 1,136,817 994,210
Margin 53,844 105,347 126,377 194,661
Selling and administrative expense 47,892 50,294 98,324 97,337
Net gain on disposition of equipment (12,102) (5,817) (26,455) (24,988)
Earnings from operations 18,054 60,870 54,508 122,312
Other costs        
Interest and foreign exchange 9,237 7,029 13,641 14,049
Earnings before income taxes and earnings (loss) from unconsolidated affiliates 8,817 53,841 40,867 108,263
Income tax benefit (expense) (2,248) 11,301 (11,383) (6,834)
Earnings before earnings (loss) from unconsolidated affiliates 6,569 65,142 29,484 101,429
Earnings (loss) from unconsolidated affiliates (786) 147 (319) (2,763)
Net earnings 5,783 65,289 29,165 98,666
Net earnings attributable to noncontrolling interest (3,018) (3,647) (8,444) (10,771)
Net earnings attributable to Greenbrier $ 2,765 $ 61,642 $ 20,721 $ 87,895
Basic earnings per common share $ 0.08 $ 2.10 $ 0.63 $ 3.00
Diluted earnings per common share $ 0.08 $ 1.91 $ 0.63 $ 2.74
Weighted average common shares:        
Basic [1] 32,628 29,355 32,634 29,343
Diluted 33,206 32,711 33,149 32,703
Dividends declared per common share $ 0.25 $ 0.23 $ 0.50 $ 0.46
Manufacturing        
Revenue        
Revenue $ 476,019 $ 511,827 $ 947,808 $ 963,312
Cost of revenue        
Cost of revenue 442,996 429,165 860,801 810,015
Earnings from operations 13,990 63,185 50,845 116,154
Wheels, Repair & Parts        
Revenue        
Revenue 125,278 88,710 233,821 166,721
Cost of revenue        
Cost of revenue 118,455 80,708 219,433 153,214
Earnings from operations 2,823 5,119 6,070 7,537
Leasing & Services        
Revenue        
Revenue 57,374 28,799 81,565 58,838
Cost of revenue        
Cost of revenue 43,376 14,116 56,583 30,981
Earnings from operations $ 21,030 $ 16,114 $ 38,543 $ 44,304
[1] Restricted stock grants and restricted stock units that are considered participating securities, including some grants subject to certain performance criteria, are included in weighted average basic common shares outstanding when the Company is in a net earnings position.