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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Cash flows from operating activities    
Net earnings $ 44,026 $ 29,165
Adjustments to reconcile net earnings to net cash used in operating activities:    
Deferred income taxes (6,714) (3,405)
Depreciation and amortization 59,338 40,815
Net gain on disposition of equipment (10,656) (26,455)
Accretion of debt discount 2,718 2,165
Stock based compensation expense 7,237 7,311
Noncontrolling interest adjustments 9,038 5,306
Other (39) 1,809
Decrease (increase) in assets:    
Accounts receivable, net 46,109 23,298
Inventories (55,158) (154,388)
Leased railcars for syndication (123,033) (76,386)
Other (39,433) (11,274)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (67,988) 28,458
Deferred revenue 1,381 (13,041)
Net cash used in operating activities (133,174) (146,622)
Cash flows from investing activities    
Proceeds from sales of assets 41,827 63,879
Capital expenditures (40,834) (98,176)
Investment in and advances to unconsolidated affiliates (1,500) (11,393)
Cash distribution from unconsolidated affiliates and other 11,273 1,986
Net cash provided by (used in) investing activities 10,766 (43,704)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 10,246 (6,007)
Proceeds from issuance of notes payable   225,000
Repayments of notes payable (17,120) (176,641)
Debt issuance costs   (2,770)
Dividends (17,312) (16,651)
Cash distribution to joint venture partner (8,706) (5,058)
Tax payments for net share settlement of restricted stock (1,895) (4,762)
Net cash provided by (used in) financing activities (34,787) 13,111
Effect of exchange rate changes (2,824) 825
Decrease in cash and cash equivalents and restricted cash (160,019) (176,390)
Cash and cash equivalents and restricted cash    
Beginning of period 338,487 539,474
Cash and cash equivalents and restricted cash, Ending balance 178,468 363,084
Balance Sheet Reconciliation:    
Cash and cash equivalents 169,899 341,500
Restricted cash 8,569 21,584
Cash and cash equivalents and restricted cash, Ending balance 178,468 363,084
Interest 11,608 8,600
Income taxes, net 25,503 31,494
Non-cash activity    
Transfer from Leased railcars for syndication to Equipment on operating leases, net 55,739 42,809
Capital expenditures accrued in Accounts payable and accrued liabilities 3,237 11,812
Change in Accounts payable and accrued liabilities associated with dividends declared (96) 50
Conversion of unconsolidated affiliate note receivable to Investment in unconsolidated affiliates 4,760  
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner $ 535 $ (3,372)