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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities    
Net earnings (loss) $ 33.2 $ (17.3)
Adjustments to reconcile net earnings (loss) to net cash (used in) operating activities:    
Deferred income taxes (29.3) (19.0)
Depreciation and amortization 26.8 26.0
Net loss (gain) on disposition of equipment 0.1 (3.3)
Stock based compensation expense 3.4 3.2
Impairment of long-lived assets   24.2
Noncontrolling interest adjustments 0.4 5.5
Other 0.9 0.9
Decrease (increase) in assets:    
Accounts receivable, net 72.6 8.1
Income tax receivable 31.7 10.9
Inventories (61.6) (56.3)
Leased railcars for syndication (20.0) (195.3)
Other assets 4.9 (7.0)
Increase (decrease) in liabilities:    
Accounts payable and accrued liabilities (103.2) (53.7)
Deferred revenue (4.6) 17.6
Net cash used in operating activities (44.7) (255.5)
Cash flows from investing activities    
Proceeds from sales of assets 0.4 13.8
Capital expenditures (68.3) (57.0)
Investments in and advances to / repayments from unconsolidated affiliates   0.9
Cash distribution from unconsolidated affiliates and other 0.6 (0.7)
Net cash used in investing activities (67.3) (43.0)
Cash flows from financing activities    
Net change in revolving notes with maturities of 90 days or less 31.0 (83.4)
Proceeds from revolving notes with maturities longer than 90 days 90.1 110.0
Repayments of revolving notes with maturities longer than 90 days (139.9) (35.0)
Proceeds from issuance of notes payable 178.6 41.0
Repayments of notes payable (9.7) (9.2)
Debt issuance costs (2.5) 0.0
Repurchase of stock (1.3) 0.0
Dividends (10.3) (9.3)
Cash distribution to joint venture partner   (2.5)
Tax payments for net share settlement of restricted stock (5.2) (2.3)
Net cash provided by financing activities 130.8 9.3
Effect of exchange rate changes (0.2) 10.6
Increase (decrease) in Cash and cash equivalents and Restricted cash 18.6 (278.6)
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 321.3 280.5
Balance sheet reconciliation    
Cash and cash equivalents 307.3 263.3
Restricted cash 14.0 17.2
Total cash and cash equivalents and restricted cash as presented above 321.3 280.5
Cash paid during the period for    
Interest 22.4 18.0
Income taxes paid, net 7.9 7.6
Non-cash activity    
Transfers between Leased railcars for syndication and Inventories and Equipment on operating leases, net 50.7 33.3
Capital expenditures accrued in Accounts payable and accrued liabilities 4.5 3.9
Change in Accounts payable and accrued liabilities associated with dividends declared $ (0.7) (0.2)
Change in Accounts payable and accrued liabilities associated with cash distributions to joint venture partner   $ 2.5