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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities    
Net earnings $ 107.4 $ 46.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Deferred income taxes (33.1) (18.4)
Depreciation and amortization 82.3 79.8
Net gain on disposition of equipment (12.6) (15.2)
Stock based compensation expense 12.2 8.8
Asset impairment, disposal, and exit costs   40.6
Noncontrolling interest adjustments 1.7 2.8
Other 3.1 2.8
Decrease (increase) in assets:    
Accounts receivable, net 43.3 (16.1)
Income tax receivable 22.2 10.0
Inventories 6.4 (80.7)
Leased railcars for syndication (29.8) (57.3)
Other assets 2.4 (42.9)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (94.2) 8.3
Deferred revenue 27.1 32.5
Net cash provided by operating activities 138.4 1.2
Cash flows from investing activities    
Proceeds from sales of assets 67.9 76.3
Capital expenditures (324.7) (253.9)
Investments in and advances to / repayments from unconsolidated affiliates   (3.5)
Cash distribution from unconsolidated affiliates and other 2.5 6.3
Net cash used in investing activities (254.3) (174.8)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 19.0 (11.5)
Proceeds from revolving notes with maturities longer than 90 days 176.9 220.0
Repayments of revolving notes with maturities longer than 90 days (145.8) (230.0)
Proceeds from issuance of notes payable 180.5 75.0
Repayments of notes payable (78.9) (27.1)
Debt issuance costs (2.8) (0.2)
Repurchase of stock (1.3) (48.0)
Dividends (29.1) (26.7)
Cash distribution to joint venture partner (7.2) (8.4)
Tax payments for net share settlement of restricted stock (5.2) (2.3)
Net cash provided by (used in) financing activities 106.1 (59.2)
Effect of exchange rate changes (1.1) 15.2
Decrease in Cash and cash equivalents and Restricted cash (10.9) (217.6)
Cash and cash equivalents and restricted cash    
Cash and cash equivalents and restricted cash, Beginning balance 302.7 559.1
Cash and cash equivalents and restricted cash, Ending balance 291.8 341.5
Balance sheet reconciliation    
Cash and cash equivalents 271.6 321.4
Restricted cash 20.2 20.1
Total cash and cash equivalents and restricted cash as presented above 291.8 341.5
Cash paid during the period for    
Interest 65.9 57.1
Income taxes paid, net 40.3 13.7
Non-cash activity    
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net 66.8 40.0
Capital expenditures accrued in Accounts payable and accrued liabilities $ 15.7 3.2
Change in Accounts payable and accrued liabilities associated with dividends declared   0.2
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner   2.5
Repurchase of stock accrued in Accounts payable and accrued liabilities   $ 1.4