GBX FY 2020 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2020 Earnings

Reported October 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.8B	—	$3.0B	—	-7.9%
Op. Income	$150M	—	$153M	—	-1.8%
Gross Margin	12.7%	—	12.1%	—	0.6pp
Net Margin	1.8%	—	2.3%	—	-0.6pp
EPS (Diluted)	$1.46	—	$2.14	—	-31.8%
Free Cash Flow	$218M	—	-$217M	—	200.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$355M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$205M
Cost & Expenses	$2.6B
OPERATING INCOME	$150M
Interest Income	$0
Interest Expense	$42M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$128M
Income Tax Expense	$40M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$109M
EBIT	$165M
EBITDA	$274M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$355M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$199M
Other Expenses	$0
Operating Expenses	$205M
Cost & Expenses	$2.6B
OPERATING INCOME	$150M
Interest Income	$0
Interest Expense	$42M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$128M
Income Tax Expense	$40M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$109M
EBIT	$165M
EBITDA	$274M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$109M
Stock-Based Compensation	$0
Deferred Income Tax	-$9M
Other Non-Cash Items	$49M
Change in Working Capital	$87M
OPERATING CASH FLOW	$285M
Capital Expenditure	-$67M
Acquisitions (Net)	$83M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$15M
Net Debt Issuance	$293M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$35M
Other Financing Activities	-$39M
NET CASH FROM FINANCING	$216M
FREE CASH FLOW	$218M
Net Change in Cash	$504M

Balance Sheet

Item	Amount
Cash & Equivalents	$834M
Short-Term Investments	$0
Net Receivables	$239M
Inventory	$530M
Other Current Assets	-$10M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$1.2B
Goodwill	$130M
Intangible Assets	$63M
Long-Term Investments	$108M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$3.2B
Account Payables	$149M
Short-Term Debt	$352M
Deferred Revenue	$42M
Other Current Liabilities	-$107M
TOTAL CURRENT LIABILITIES	$751M
Long-Term Debt	$804M
Deferred Revenue NC	$42M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$919M
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$460M
Retained Earnings	$885M
Treasury Stock	$0
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$211M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$1.3B
Net Debt	$451M