XML 25 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Revenue      
Revenue $ 1,747,981 $ 2,792,189 $ 3,033,591
Cost of revenue      
Cost of revenue 1,516,374 2,439,058 2,667,105
Margin 231,607 353,131 366,486
Selling and administrative 191,813 204,706 213,308
Net gain on disposition of equipment (1,176) (20,004) (40,963)
Goodwill impairment     10,025
Earnings from operations 40,970 168,429 184,116
Other costs      
Interest and foreign exchange 43,263 43,619 30,912
Net loss on extinguishment of debt 6,287    
Earnings (loss) before income tax and earnings (loss) from unconsolidated affiliates (8,580) 124,810 153,204
Income tax benefit (expense) 40,223 (40,184) (41,588)
Earnings before earnings (loss) from unconsolidated affiliates 31,643 84,626 111,616
Earnings (loss) from unconsolidated affiliates 3,491 2,960 (5,805)
Net earnings 35,134 87,586 105,811
Net earnings attributable to noncontrolling interest (2,657) (38,619) (34,735)
Net earnings attributable to Greenbrier $ 32,477 $ 48,967 $ 71,076
Basic earnings per common share $ 0.99 $ 1.50 $ 2.18
Diluted earnings per common share $ 0.96 $ 1.46 $ 2.14
Weighted average common shares      
Basic [1] 32,648 32,670 32,615
Diluted 33,665 33,441 33,165
Manufacturing      
Revenue      
Revenue $ 1,329,987 $ 2,349,971 $ 2,431,499
Cost of revenue      
Cost of revenue 1,189,246 2,065,169 2,137,625
Earnings from operations 67,124 197,388 217,583
Wheels, Repair & Parts      
Revenue      
Revenue 298,330 324,670 444,502
Cost of revenue      
Cost of revenue 280,391 302,189 420,890
Earnings from operations 6,452 9,032 (2,941)
Leasing & Services      
Revenue      
Revenue 119,664 117,548 157,590
Cost of revenue      
Cost of revenue 46,737 71,700 108,590
Earnings from operations $ 50,021 $ 40,927 $ 64,763
[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. No restricted stock or restricted stock units were anti-dilutive for the years ended August 31, 2021, 2020 and 2019.