GBX FY 2014 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2014 Earnings

Reported October 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.8B	—	25.6%
Op. Income	$196M	—	$101M	—	93.7%
Gross Margin	14.6%	—	11.7%	—	2.9pp
Net Margin	5.1%	—	-0.6%	—	5.7pp
EPS (Diluted)	$3.44	—	$-0.41	—	939.0%
Free Cash Flow	$66M	—	$44M	—	50.1%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$321M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$125M
SG&A Expenses	$125M
Other Expenses	-$4M
Operating Expenses	$125M
Cost & Expenses	$2.0B
OPERATING INCOME	$196M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$222M
Income Tax Expense	$72M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$40M
EBIT	$237M
EBITDA	$278M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$321M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$125M
SG&A Expenses	$125M
Other Expenses	-$4M
Operating Expenses	$125M
Cost & Expenses	$2.0B
OPERATING INCOME	$196M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$26M
INCOME BEFORE TAX	$222M
Income Tax Expense	$72M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$112M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$112M
D&A	$40M
EBIT	$237M
EBITDA	$278M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$112M
Depreciation & Amortization	$40M
Stock-Based Compensation	$0
Deferred Income Tax	-$5M
Other Non-Cash Items	$8M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$70M
Acquisitions (Net)	$54M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	$36M
Common Stock Repurchased	-$34M
Common Dividends Paid	-$4M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$66M
Net Change in Cash	$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$205M
Short-Term Investments	$0
Net Receivables	$200M
Inventory	$306M
Other Current Assets	-$11M
TOTAL CURRENT ASSETS	$710M
PP&E (Net)	$628M
Goodwill	$43M
Intangible Assets	$36M
Long-Term Investments	$80M
Tax Assets	$0
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$807M
TOTAL ASSETS	$1.5B
Account Payables	$205M
Short-Term Debt	$13M
Deferred Revenue	$21M
Other Current Liabilities	-$21M
TOTAL CURRENT LIABILITIES	$396M
Long-Term Debt	$445M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$81M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$547M
TOTAL LIABILITIES	$943M
Common Stock	$0
Additional Paid-In Capital	$236M
Retained Earnings	$283M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$511M
Minority Interest	$62M
TOTAL EQUITY	$574M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$458M
Net Debt	$253M