← GREENBRIER COMPANIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $53.8m $75.6m $172.7m $213.1m
Net Income (Loss) Attributable to Parent $183.2m $116.1m $151.8m $71.1m $49.0m $32.5m $46.9m $62.5m $160.1m $204.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $284.8m $160.5m $172.1m $105.8m $87.6m $35.1m $53.8m $75.6m $172.7m $213.1m
Net Income (Loss) Attributable to Noncontrolling Interest $101.6m $44.4m $20.3m $34.7m $38.6m $2.7m $6.9m $13.1m $12.6m $9.0m
Depreciation, Depletion and Amortization $63.3m $65.1m $74.4m $83.7m $109.8m $100.7m $102.0m $106.3m $115.6m $121.5m
Amortization of Intangible Assets $6.3m $4.8m $5.3m $6.3m $11.0m $11.6m $9.3m $8.0m $7.2m $6.3m
Depreciation $39.2m $45.5m $54.5m $62.3m $86.6m $75.3m $70.7m $71.5m $72.4m $78.3m
Depreciation Amortization Depletion — — — — — — $102.0m $106.3m $115.6m $121.5m
Deferred Income Tax Expense (Benefit) ($8.9m) $4.4m ($40.5m) ($20.2m) ($9.5m) $51.1m $12.9m $7.2m $16.8m $42.1m
Deferred Income Tax — — — — — — $12.9m $7.2m $16.8m $42.1m
Deferred Tax — — — — — — $12.9m $7.2m $16.8m $42.1m
Share-based Payment Arrangement, Noncash Expense $24.0m $26.4m $29.3m $11.2m $9.0m $14.7m $15.5m $12.1m $17.1m $17.5m
Payment, Tax Withholding, Share-based Payment Arrangement — — $7.7m $6.3m $2.3m $3.3m $3.7m $2.6m $5.1m $5.6m
Goodwill, Impairment Loss $0 $0 $0 $10.0m — — — $0 $0 $0
Asset Impairment Charge — — — — — — $0 $46.7m $0 $0
Gain (Loss) on Disposition of Other Assets $15.8m $9.7m $44.4m $41.0m $20.0m $1.2m $37.2m $17.3m $13.1m $15.9m
Gain (Loss) on Extinguishment of Debt — — — — — ($6.3m) — — — —
Income (Loss) from Equity Method Investments $2.1m ($11.8m) ($18.7m) ($5.8m) $3.0m $3.5m $11.3m $9.2m $11.0m $20.1m
Income Tax Expense (Benefit) $112.3m $64.0m $32.9m $41.6m $40.2m ($40.2m) $18.1m $24.6m $62.0m $91.4m
Operating Lease, Lease Income — — — — $38.7m $69.4m — — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $32.1m $25.3m $83.6m ($13.0m) ($135.3m) $82.1m $198.2m $14.6m ($9.2m) $4.6m
Increase (Decrease) in Inventories ($53.7m) $2.8m $26.6m $143.2m ($166.6m) $166.5m $267.9m $17.2m ($50.0m) ($62.0m)
Accretion Expense — $2.3m $4.2m $4.5m $5.5m $7.1m — — — —
Foreign Currency Transaction Gain (Loss), before Tax $3.8m ($673k) $1.6m $1.3m ($1.2m) $1.4m ($1.7m) ($6.2m) ($6.9m) $3.6m
Goodwill $43.3m $68.6m $78.2m $129.9m $130.3m $132.1m $127.3m $128.9m $128.5m $130.0m
Proceeds from Contributions from Affiliates — $550k $4.7m — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — $12.8m $14.0m — — — — — —
Beginning Cash Position — — — — — — $671.4m $559.1m $302.7m $368.6m
Cash Flow From Continuing Financing Activities — — — — — — $244.9m ($76.2m) $86.2m ($101.7m)
Cash Flow From Continuing Investing Activities — — — — — — ($224.0m) ($280.0m) ($320.4m) ($203.1m)
Change In Inventory — — — — — — ($267.9m) ($17.2m) $50.0m $62.0m
Change In Other Current Assets — — — — — — ($68.7m) ($166.1m) $19.5m ($78.2m)
Change In Other Working Capital — — — — — — ($5.6m) $21.7m $11.5m ($15.9m)
Change In Payables And Accrued Expense — — — — — — $165.3m $16.3m ($63.5m) ($67.0m)
Change In Receivables — — — — — — ($125.9m) ($17.0m) $6.3m ($4.4m)
Change In Working Capital — — — — — — ($302.8m) ($162.3m) $23.8m ($103.5m)
Changes In Account Receivables — — — — — — ($198.2m) ($14.6m) $9.2m ($4.6m)
Changes In Cash — — — — — — ($129.5m) ($285.0m) $95.4m ($39.1m)
End Cash Position — — — — — — $559.1m $302.7m $368.6m $326.4m
Financing Cash Flow — — — — — — $244.9m ($76.2m) $86.2m ($101.7m)
Free Cash Flow — — — — — — ($531.1m) ($290.9m) ($68.7m) ($14.7m)
Gain Loss On Sale Of PPE — — — — — — ($37.2m) ($17.3m) ($13.1m) ($15.9m)
Investing Cash Flow — — — — — — ($224.0m) ($280.0m) ($320.4m) ($203.1m)
Net Business Purchase And Sale — — — — — $0 ($2.3m) ($3.5m) $0 —
Operating Gains Losses — — — — — — ($37.2m) ($26.5m) ($24.1m) ($36.0m)
Other Non Cash Items — — — — — — $5.4m $12.1m $7.7m $11.0m
Purchase Of Business — — — — — $0 ($2.3m) ($3.5m) $0 —
Repurchase Of Capital Stock — — — — — — $0 ($56.9m) ($1.3m) ($22.7m)
Stock Based Compensation — — — — — — $15.5m $12.1m $17.1m $17.5m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($2.5m) ($3.7m) $415k ($1.9m) — — — — — —
Net Cash Provided by (Used in) Operating Activities $331.7m $280.4m $103.3m ($21.2m) $272.3m ($40.5m) ($150.4m) $71.2m $329.6m $265.7m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($380.7m) ($362.1m) ($398.3m) ($280.4m)
Capital Expenditure Reported $139.0m $86.1m $176.8m $198.2m $66.9m $139.0m ($380.7m) ($362.1m) ($398.3m) ($280.4m)
Payments to Acquire Businesses, Net of Cash Acquired — $27.1m $34.9m $361.9m — — — — — —
Net Other Investing Changes — — — — — — $155.5m $82.1m $77.9m $77.3m
Net Cash Provided by (Used in) Investing Activities ($55.7m) ($113.7m) ($80.2m) ($444.0m) $27.5m ($117.8m) ($224.0m) ($280.0m) ($320.4m) ($203.1m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $433.3m $295.0m $407.2m $97.0m
Long Term Debt Issuance — — — — — — $433.3m $295.0m $407.2m $97.0m
Net Issuance Payments Of Debt — — — — — — $308.6m $33.0m $143.2m ($10.4m)
Net Long Term Debt Issuance — — — — — — $409.9m $3.2m $171.0m ($34.1m)
Net Short Term Debt Issuance — — — — — — ($101.3m) $29.8m ($27.8m) $23.7m
Long Term Debt Payments — — — — — — ($23.4m) ($291.8m) ($236.2m) ($131.1m)
Repayment Of Debt — — — — — — ($23.4m) ($291.8m) ($236.2m) ($131.1m)
Net Common Stock Issuance — — — — — — $0 ($56.9m) ($1.3m) ($22.7m)
Payments for Repurchase of Common Stock $33.5m — — — — $20.0m — $56.9m $1.3m $22.7m
Common Stock Payments — — — — — — $0 ($56.9m) ($1.3m) ($22.7m)
Dividends paid $23.3m $24.9m $29.9m $33.2m $35.2m $35.7m $35.8m $36.1m $38.4m $39.6m
Cash Dividends Paid — — — — — — ($35.8m) ($36.1m) ($38.4m) ($39.6m)
Common Stock Dividend Paid — — — — — — ($35.8m) ($36.1m) ($38.4m) ($39.6m)
Dividends Received CFI — — — — — $5.3m $3.5m $6.8m $2.9m —
Proceeds from (Payments for) Other Financing Activities ($887k) — — — — — — — — —
Net Other Financing Charges — — — — — — ($27.9m) ($16.2m) ($17.3m) ($29.0m)
Net Cash Provided by (Used in) Financing Activities ($221.9m) $209.6m ($89.3m) $276.9m $216.5m ($22.7m) $244.9m ($76.2m) $86.2m ($101.7m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($4.3m) $12.5m ($14.7m) ($12.7m) ($12.6m) $10.3m $17.2m $28.6m ($29.5m) ($3.1m)
Effect Of Exchange Rate Changes — — — — — — $17.2m $28.6m ($29.5m) ($3.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $49.7m $388.8m ($80.8m) ($201.0m) $503.6m ($170.7m) ($112.3m) ($256.4m) $65.9m ($42.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $49.7m $388.8m $530.7m $338.5m $842.1m $671.4m $559.1m $302.7m $368.6m $326.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($112.3m) ($256.4m) $65.9m ($42.2m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $18.9m $18.3m $31.7m $28.1m $45.1m $70.0m $85.7m $82.2m
Income Taxes Paid, Net $125.5m $45.3m $66.4m $62.1m $59.9m $11.1m ($55.0m) $23.0m $42.6m $48.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.