GBX FY 2012 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2012 Earnings

Reported November 1, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.2B	—	45.8%
Op. Income	$114M	—	$59M	—	93.5%
Gross Margin	12.1%	—	11.2%	—	0.9pp
Net Margin	3.2%	—	0.5%	—	2.7pp
EPS (Diluted)	$1.91	—	$0.24	—	695.8%
Free Cash Flow	-$2M	—	-$119M	—	98.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$219M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	-$2M
Operating Expenses	$105M
Cost & Expenses	$1.7B
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$94M
Income Tax Expense	$32M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	-$416.0K
Other Adjustments	$416.0K
NET INCOME	$59M
Net Income Deductions	$6M
BOTTOM LINE NET INCOME	$64M
D&A	$42M
EBIT	$118M
EBITDA	$161M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$219M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	-$2M
Operating Expenses	$105M
Cost & Expenses	$1.7B
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$94M
Income Tax Expense	$32M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	-$416.0K
Other Adjustments	$416.0K
NET INCOME	$59M
Net Income Deductions	$6M
BOTTOM LINE NET INCOME	$64M
D&A	$42M
EBIT	$118M
EBITDA	$161M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$12M
Other Non-Cash Items	$10M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$118M
Acquisitions (Net)	$34M
Purchases of Investments	-$506.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	-$32M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	-$2M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$146M
Inventory	$317M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$523M
PP&E (Net)	$643M
Goodwill	$137M
Intangible Assets	$46M
Long-Term Investments	$15M
Tax Assets	$0
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$862M
TOTAL ASSETS	$1.4B
Account Payables	$258M
Short-Term Debt	$61M
Deferred Revenue	$17M
Other Current Liabilities	-$17M
TOTAL CURRENT LIABILITIES	$390M
Long-Term Debt	$428M
Deferred Revenue NC	$17M
Deferred Tax Liabilities	$95M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$541M
TOTAL LIABILITIES	$931M
Common Stock	$0
Additional Paid-In Capital	$252M
Retained Earnings	$186M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$432M
Minority Interest	$22M
TOTAL EQUITY	$454M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$489M
Net Debt	$429M