GBX FY 2007 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2007 Earnings

Reported November 8, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.2B	—	$954M	—	28.3%
Op. Income	$96M	—	$86M	—	11.1%
Gross Margin	14.7%	—	16.5%	—	-1.8pp
Net Margin	1.8%	—	4.2%	—	-2.4pp
EPS (Diluted)	$1.37	—	$2.48	—	-44.8%
Free Cash Flow	-$91M	—	-$101M	—	10.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.0B
GROSS PROFIT	$179M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$83M
SG&A Expenses	$81M
Other Expenses	$0
Operating Expenses	$83M
Cost & Expenses	$1.1B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$34M
Income Tax Expense	$14M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$33M
EBIT	$74M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.0B
GROSS PROFIT	$179M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$83M
SG&A Expenses	$81M
Other Expenses	$0
Operating Expenses	$83M
Cost & Expenses	$1.1B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	-$62M
INCOME BEFORE TAX	$34M
Income Tax Expense	$14M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$33M
EBIT	$74M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$33M
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	$7M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$137M
Acquisitions (Net)	-$149M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$57.0K
NET CASH FROM INVESTING	-$287M
Net Debt Issuance	$107M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$116M
FREE CASH FLOW	-$91M
Net Change in Cash	$637.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$3M
Short-Term Investments	$21M
Net Receivables	$157M
Inventory	$195M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$418M
PP&E (Net)	$407M
Goodwill	$169M
Intangible Assets	$69M
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$654M
TOTAL ASSETS	$1.1B
Account Payables	$172M
Short-Term Debt	$40M
Deferred Revenue	$18M
Other Current Liabilities	$74M
TOTAL CURRENT LIABILITIES	$363M
Long-Term Debt	$461M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$61M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$461M
TOTAL LIABILITIES	$824M
Common Stock	$16.0K
Additional Paid-In Capital	$78M
Retained Earnings	$165M
Treasury Stock	$0
Accum. Other Comp. Income	-$166.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$244M
Minority Interest	$5M
TOTAL EQUITY	$249M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$500M
Net Debt	$498M