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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Cash flows from operating activities    
Net earnings $ 29,165 $ 98,666
Adjustments to reconcile net earnings to net cash used in operating activities:    
Deferred income taxes (3,405) (35,080)
Depreciation and amortization 40,815 36,454
Net gain on disposition of equipment (26,455) (24,988)
Accretion of debt discount 2,165 2,060
Stock based compensation expense 7,311 12,574
Noncontrolling interest adjustments 5,306 (2,555)
Other 1,809 958
Decrease (increase) in assets:    
Accounts receivable, net 23,298 (25,681)
Inventories (154,388) (10,211)
Leased railcars for syndication (76,386) (74,129)
Other (11,274) 10,434
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities 28,458 46,434
Deferred revenue (13,041) (42,589)
Net cash used in operating activities (146,622) (7,653)
Cash flows from investing activities    
Proceeds from sales of assets 63,879 105,142
Capital expenditures (98,176) (53,503)
Investment in and advances to unconsolidated affiliates (11,393) (17,739)
Other 1,986 1,207
Net cash provided by (used in) investing activities (43,704) 35,107
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less (6,007) 3,666
Proceeds from issuance of notes payable 225,000 13,929
Repayments of notes payable (176,641) (16,056)
Investment by joint venture partner   6,500
Debt issuance costs (2,770)  
Dividends (16,651) (13,546)
Cash distribution to joint venture partner (5,058) (41,758)
Tax payments for net share settlement of restricted stock (4,762) (5,199)
Net cash provided by (used in) financing activities 13,111 (52,464)
Effect of exchange rate changes 825 (465)
Decrease in cash, cash equivalents and restricted cash (176,390) (25,475)
Cash, cash equivalents and restricted cash    
Beginning of period 539,474 620,358
End of period 363,084 594,883
Balance Sheet Reconciliation    
Cash and cash equivalents 341,500 586,008
Restricted cash 21,584 8,875
Total cash, cash equivalents and restricted cash as presented above 363,084 594,883
Cash paid during the period for    
Interest 8,600 9,234
Income taxes, net 31,494 20,789
Non-cash activity    
Transfer from Leased railcars for syndication to Equipment on operating leases, net 42,809  
Capital expenditures accrued in Accounts payable and accrued liabilities 11,812 12,748
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner (3,372) 396
Change in Accounts payable and accrued liabilities associated with dividends declared $ 50 $ 43