XML 30 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
Cash flows from operating activities      
Net earnings $ 53.8 $ 35.1 $ 87.6
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:      
Deferred income taxes 12.9 51.1 (9.5)
Depreciation and amortization 102.0 100.7 109.9
Net gain on disposition of equipment (37.2) (1.2) (20.0)
Stock based compensation expense 15.5 14.7 9.0
Net loss on extinguishment of debt   6.3  
Accretion of debt discount   7.1 5.5
Noncontrolling interest adjustments 1.6 2.3 1.4
Other 3.8 2.4 1.0
Decrease (increase) in assets:      
Accounts receivable, net (198.2) (82.1) 144.4
Income tax receivable 72.3 (103.0) (9.1)
Inventories (267.9) (166.5) 166.6
Leased railcars for syndication (40.6) (11.9) (12.9)
Other assets (28.1) (5.8) (65.0)
Increase (decrease) in liabilities:      
Accounts payable and accrued liabilities 165.3 109.9 (108.8)
Deferred revenue (5.6) 0.4 (27.9)
Net cash provided by (used in) operating activities (150.4) (40.5) 272.2
Cash flows from investing activities      
Proceeds from sales of assets 155.5 15.9 83.5
Capital expenditures (380.7) (139.0) (66.9)
Investment in and advances to unconsolidated affiliates (2.3)   (1.8)
Cash distribution from unconsolidated affiliates and other 3.5 5.3 12.7
Net cash provided by (used in) investing activities (224.0) (117.8) 27.5
Cash flows from financing activities      
Net changes in revolving notes with maturities of 90 days or less (101.3) 197.4 146.5
Proceeds from revolving notes with maturities longer than 90 days 35.0 112.0 176.5
Repayments of revolving notes with maturities longer than 90 days   (287.0)  
Proceeds from issuance of notes payable 398.3 391.9  
Repayments of notes payable (23.4) (337.8) (30.2)
Debt issuance costs (7.3) (22.0)  
Repurchase of stock   (20.0)  
Dividends (35.8) (35.6) (35.2)
Cash distribution to joint venture partner (16.9) (25.3) (38.9)
Investment by joint venture partner   7.0  
Tax payments for net share settlement of restricted stock (3.7) (3.3) (2.2)
Net cash provided by (used in) financing activities 244.9 (22.7) 216.5
Effect of exchange rate changes 17.2 10.3 (12.6)
Increase (decrease) in cash and cash equivalents and restricted cash (112.3) (170.7) 503.6
Cash and cash equivalents and restricted cash      
Cash and cash equivalents and restricted cash, Beginning balance 671.4 842.1 338.5
Cash and cash equivalents and restricted cash, Ending balance 559.1 671.4 842.1
Balance Sheet Reconciliation      
Cash and cash equivalents 543.0 646.8 833.8
Restricted cash 16.1 24.6 8.3
Total cash and cash equivalents and restricted cash as presented above 559.1 671.4 842.1
Cash (received) paid during the period for      
Interest 45.1 28.1 31.7
Income taxes, net (55.0) 11.1 60.0
Non-cash activity      
Transfer from Leased railcars for syndication and Inventories to Equipment on operating leases, net (11.6) 188.5 55.6
Transfer from Property, plant and equipment, net to Intangibles and other assets, net for assets moved to Assets held for sale 3.5    
Capital expenditures accrued in Accounts payable and accrued liabilities 10.9 5.2 4.1
Change in Accounts payable and accrued liabilities associated with dividends declared     (0.3)
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner $ 1.4 $ 0.6 $ 1.4