GBX FY 2022 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2022 Earnings

Reported October 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.0B	—	$1.7B	—	70.3%
Op. Income	$80M	—	$40M	—	98.6%
Gross Margin	10.3%	—	13.3%	—	-3.0pp
Net Margin	1.6%	—	1.9%	—	-0.3pp
EPS (Diluted)	$1.40	—	$0.96	—	45.8%
Free Cash Flow	-$528M	—	-$174M	—	-202.9%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$306M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	$0
Operating Expenses	$225M
Cost & Expenses	$2.9B
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$72M
Income Tax Expense	$18M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$102M
EBIT	$112M
EBITDA	$214M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$2.7B
GROSS PROFIT	$306M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	$0
Operating Expenses	$225M
Cost & Expenses	$2.9B
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$72M
Income Tax Expense	$18M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$102M
EBIT	$112M
EBITDA	$214M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$102M
Stock-Based Compensation	$0
Deferred Income Tax	$13M
Other Non-Cash Items	-$6M
Change in Working Capital	-$303M
OPERATING CASH FLOW	-$147M
Capital Expenditure	-$381M
Acquisitions (Net)	$156M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$228M
Net Debt Issuance	$301M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$36M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	$245M
FREE CASH FLOW	-$528M
Net Change in Cash	-$112M

Balance Sheet

Item	Amount
Cash & Equivalents	$559M
Short-Term Investments	$0
Net Receivables	$541M
Inventory	$815M
Other Current Assets	-$32M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$1.6B
Goodwill	$127M
Intangible Assets	$50M
Long-Term Investments	$133M
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.9B
Account Payables	$402M
Short-Term Debt	$297M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$965M
Long-Term Debt	$1.3B
Deferred Revenue NC	$35M
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$425M
Retained Earnings	$898M
Treasury Stock	$0
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$180M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$1.6B
Net Debt	$1.1B