GBX FY 2023 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2023 Earnings

Reported October 25, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.0B	—	32.4%
Op. Income	$207M	—	$80M	—	157.2%
Gross Margin	11.2%	—	10.3%	—	1.0pp
Net Margin	1.6%	—	1.6%	—	0.0pp
EPS (Diluted)	$1.88	—	$1.40	—	34.3%
Free Cash Flow	-$284M	—	-$528M	—	46.2%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$442M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	$0
Operating Expenses	$235M
Cost & Expenses	$3.7B
OPERATING INCOME	$207M
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$100M
Income Tax Expense	$25M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$64M
D&A	$106M
EBIT	$206M
EBITDA	$312M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$442M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$231M
Other Expenses	$0
Operating Expenses	$235M
Cost & Expenses	$3.7B
OPERATING INCOME	$207M
Interest Income	$0
Interest Expense	$79M
Other Income/Expenses	-$107M
INCOME BEFORE TAX	$100M
Income Tax Expense	$25M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$64M
D&A	$106M
EBIT	$206M
EBITDA	$312M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$106M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$74M
Change in Working Capital	-$172M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$362M
Acquisitions (Net)	$79M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$287M
Net Debt Issuance	$32M
Common Stock Repurchased	-$57M
Common Dividends Paid	-$36M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	-$284M
Net Change in Cash	-$256M

Balance Sheet

Item	Amount
Cash & Equivalents	$303M
Short-Term Investments	$0
Net Receivables	$572M
Inventory	$824M
Other Current Assets	-$56M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.9B
Goodwill	$129M
Intangible Assets	$41M
Long-Term Investments	$136M
Tax Assets	$33M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$4.0B
Account Payables	$397M
Short-Term Debt	$297M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$968M
Long-Term Debt	$1.3B
Deferred Revenue NC	$46M
Deferred Tax Liabilities	$114M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.5B
Common Stock	$0
Additional Paid-In Capital	$364M
Retained Earnings	$898M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$211M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.7B
Net Debt	$1.4B