GBX FY 2017 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2017 Earnings

Reported October 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.7B	—	-18.8%
Op. Income	$257M	—	$395M	—	-34.9%
Gross Margin	20.5%	—	21.3%	—	-0.9pp
Net Margin	5.3%	—	6.8%	—	-1.5pp
EPS (Diluted)	$3.65	—	$5.73	—	-36.3%
Free Cash Flow	$195M	—	$196M	—	-0.8%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$445M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$171M
SG&A Expenses	$166M
Other Expenses	$17M
Operating Expenses	$188M
Cost & Expenses	$1.9B
OPERATING INCOME	$257M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$224M
Income Tax Expense	$64M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$65M
EBIT	$264M
EBITDA	$329M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$445M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$171M
SG&A Expenses	$166M
Other Expenses	$17M
Operating Expenses	$188M
Cost & Expenses	$1.9B
OPERATING INCOME	$257M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$224M
Income Tax Expense	$64M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$65M
EBIT	$264M
EBITDA	$329M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$65M
Stock-Based Compensation	$0
Deferred Income Tax	$4M
Other Non-Cash Items	$62M
Change in Working Capital	$33M
OPERATING CASH FLOW	$281M
Capital Expenditure	-$86M
Acquisitions (Net)	-$3M
Purchases of Investments	-$41M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$263M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$25M
Other Financing Activities	-$23M
NET CASH FROM FINANCING	$210M
FREE CASH FLOW	$195M
Net Change in Cash	$373M

Balance Sheet

Item	Amount
Cash & Equivalents	$620M
Short-Term Investments	$0
Net Receivables	$280M
Inventory	$400M
Other Current Assets	-$17M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$835M
Goodwill	$69M
Intangible Assets	$41M
Long-Term Investments	$129M
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.4B
Account Payables	$181M
Short-Term Debt	$4M
Deferred Revenue	$129M
Other Current Liabilities	-$129M
TOTAL CURRENT LIABILITIES	$419M
Long-Term Debt	$558M
Deferred Revenue NC	$129M
Deferred Tax Liabilities	$76M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$763M
TOTAL LIABILITIES	$1.2B
Common Stock	$0
Additional Paid-In Capital	$315M
Retained Earnings	$709M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$197M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$563M
Net Debt	-$58M