The Greenbrier Companies, Inc. (GBX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | -226.8M | 158.7M | 76.2M | 91.8M | 139.6M | 94.6M | -60.3M | 191.6M | 85M | 100M | -44.1M | 76.8M | 97.6M | 159.1M | -255.5M | 179.7M | -107.5M | -22.4M | -196.7M | 88.01M |
| Operating CF Margin % | -39.34% | 27.01% | 10.79% | 12.15% | 16.61% | 12.41% | -6.89% | 18.22% | 10.38% | 11.61% | -5.46% | 7.56% | 9.41% | 14.18% | -33.33% | 18.89% | -13.54% | -3.28% | -35.72% | 14.69% |
| Operating CF Growth % | -262.46% | 67.76% | 226.37% | -52.09% | 64.24% | -5.4% | -36.73% | 149.48% | -12.91% | -37.15% | 82.74% | -57.26% | 190.79% | 810.27% | -29.89% | 104.18% | -271.97% | 78.35% | -2247.61% | -52.34% |
| Net Income | 17.5M | 13.9M | 37.3M | 36.8M | 60.1M | 51.9M | 55.3M | 61.6M | 33.9M | 33.4M | 31.2M | 24.8M | 21.3M | 33.1M | -16.7M | 20.2M | 3.1M | 12.8M | 10.8M | 31.78M |
| Depreciation & Amortization | 32.1M | 31.5M | 32.5M | 32.2M | 29.7M | 30.4M | 29.2M | 33.3M | 28M | 27.5M | 26.8M | 26.5M | 26.9M | 26.9M | 26M | 25M | 25M | 25.5M | 25.4M | 25.08M |
| Stock-Based Compensation | 3.4M | 5.9M | 3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -8.4M | -5M | 11.4M | 33.4M | -4.7M | 14.8M | -1.4M | 49.9M | 2.4M | -6.2M | -29.3M | 25.6M | 15.5M | -14.9M | -19M | -4M | 21.2M | 500K | -4.8M | 30.9M |
| Other Non-Cash Items | -219.3M | -25M | -22.6M | -18.5M | 7.7M | -5.6M | 17.9M | 11.4M | 5.2M | 3.2M | 7.4M | 25.2M | 23.8M | -5.4M | 29.9M | 15M | 11.7M | -19.3M | -12.2M | 16.91M |
| Working Capital Changes | -52.1M | 137.4M | 14.1M | 7.9M | 46.8M | 3.1M | -161.3M | 35.4M | 15.5M | 42.1M | -80.2M | -25.3M | 10.1M | 119.4M | -275.7M | 123.5M | -168.5M | -41.9M | -215.9M | -16.65M |
| Change in Receivables | 800K | 42.5M | 43.1M | -31M | 30.6M | 42.9M | -46.9M | -59.2M | 32M | -70.8M | 104.3M | -10.9M | 34.3M | -59.4M | 19M | 51.7M | -90.3M | -400K | -86.9M | -69.96M |
| Change in Inventory | -5.1M | 43.6M | -1.5M | 22.7M | -9.7M | 49.4M | -400K | 43.6M | 14.8M | 53.2M | -61.6M | 63.5M | 9.7M | -34.1M | -56.3M | -43.7M | -57.7M | -102.1M | -64.4M | -74.19M |
| Change in Payables | -4.3M | 10M | -76.2M | -49.2M | 17M | -14M | -20.8M | 30.7M | -400K | 9.4M | -103.2M | 8M | 18M | 44M | -53.7M | 88.1M | 62M | 39.3M | -24.1M | 91.3M |
| Cash from Investing | -14.6M | 46.1M | -15M | -69.4M | -62.9M | -12.3M | -58.5M | -66.5M | -92.2M | -96.7M | -67.9M | -112M | -69.6M | -62.2M | -43M | -129.6M | -44.3M | 105.1M | -158.7M | -73.17M |
| Capital Expenditures | -59.6M | -30.1M | -57.5M | -71.3M | -82.7M | -67.3M | -59.1M | -73.6M | -134.2M | -122.2M | -68.3M | -108.2M | -84.2M | -112.7M | -57M | -131.9M | -50.8M | -11.1M | -186.9M | -76.24M |
| CapEx % of Revenue | 10.34% | 5.12% | 8.14% | 9.43% | 9.84% | 8.83% | 6.76% | 7% | 16.39% | 14.19% | 8.45% | 10.65% | 8.12% | 10.04% | 7.44% | 13.87% | 6.4% | 1.63% | 33.94% | 12.72% |
| Acquisitions | 0 | -42.5M | 42.5M | 1.9M | 19.8M | 55M | 600K | 7.1M | 42M | 25.5M | 400K | 2.5M | 14.2M | 48.3M | 13.8M | 400K | 6.5M | 120.6M | 28M | 3.77M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3.1M | 118.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.3M | 400K | 6.6M | -700K | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 500K | -27.4M | -14.8M | -32.3M | -37.7M | -95.1M | 63.4M | -19.9M | 26.4M | -51.1M | 130.8M | -17M | -82.9M | 14.4M | 9.3M | 45.9M | -5.8M | 74.1M | 130.7M | 19.21M |
| Debt Issued (Net) | 45.8M | -5.9M | 14.9M | -14.5M | -1.7M | -84M | 84.3M | -8.6M | 38.6M | -37.3M | 147.6M | 6.2M | -41M | 43.8M | 23.4M | 62.5M | 3.9M | 89.3M | 145.6M | 29.73M |
| Equity Issued (Net) | 0 | -400K | -12.9M | -900K | -21.8M | 0 | -5.5M | 100K | 0 | 0 | -1.3M | -8.9M | -31.3M | -16.7M | -2.3M | -200K | 0 | -100K | -3.4M | -500K |
| Dividends Paid | -10.5M | -19.8M | -1.7M | -9.9M | -9.9M | -9.4M | -10.4M | -9.3M | -9.4M | -9.4M | -10.3M | -9.4M | -8.6M | -8.8M | -9.3M | -8.9M | -8.8M | -8.8M | -9.3M | -8.78M |
| Share Repurchases | 0 | -400K | -12.9M | -900K | -21.8M | 0 | -5.5M | 100K | 0 | 0 | -1.3M | -8.9M | -31.3M | -16.7M | -2.3M | -200K | 0 | -100K | -3.4M | -500K |
| Other Financing | -34.8M | -1.3M | -15.1M | -7M | -4.3M | -1.7M | -5M | -2.1M | -2.8M | -4.4M | -5.2M | -4.9M | -2M | -3.9M | -2.5M | -7.5M | -900K | -6.3M | -2.2M | -1.24M |
| Net Change in Cash | -240.2M | 187.6M | 49M | -15.6M | 40.1M | -11M | -55.7M | 76.8M | 19.8M | -49.3M | 18.6M | -38.8M | -58.1M | 119.1M | -278.6M | 93.3M | -136.7M | 164.6M | -233.5M | 34.51M |
| Free Cash Flow | -286.4M | 128.6M | 18.7M | 20.5M | 56.9M | 27.3M | -119.4M | 118M | -49.2M | -22.2M | -112.4M | -31.4M | 13.4M | 46.4M | -312.5M | 47.8M | -158.3M | -33.5M | -383.6M | 11.77M |
| FCF Margin % | -49.68% | 21.89% | 2.65% | 2.71% | 6.77% | 3.58% | -13.65% | 11.22% | -6.01% | -2.58% | -13.91% | -3.09% | 1.29% | 4.14% | -40.76% | 5.03% | -19.94% | -4.91% | -69.66% | 1.96% |
| FCF Growth % | -603.34% | 371.06% | 115.66% | -82.63% | 215.65% | 222.97% | -6.23% | 475.8% | -467.16% | -147.84% | 64.03% | -165.69% | 108.46% | 238.51% | 18.53% | 305.98% | -283.1% | 70.92% | -1202.77% | -93.2% |
| FCF per Share | -9.01 | 4.04 | 0.59 | 0.66 | 1.77 | 0.82 | -3.71 | 3.65 | -1.54 | -0.68 | -3.43 | -0.96 | 0.40 | 1.35 | -9.55 | 1.42 | -4.70 | -0.97 | -11.43 | 0.35 |
| FCF Conversion (FCF/Net Income) | -14.09x | 12.40x | 2.09x | 2.49x | 2.32x | 1.82x | -1.09x | 3.11x | 2.51x | 2.99x | -1.41x | 3.10x | 4.58x | 4.81x | 15.30x | 8.90x | -34.68x | -1.75x | -18.21x | 2.77x |
| Interest Paid | -39.3M | 22.1M | 17.2M | -64.2M | 27.4M | 19M | 17.8M | 19.8M | 23.4M | 20.1M | 22.4M | 12.9M | 25.8M | 13.3M | 18M | 0 | 18.4M | 0 | 0 | 7.4M |
| Taxes Paid | 20.3M | 0 | 19.9M | -28.3M | 12.5M | 7.7M | 8.1M | -40.3M | 8.6M | 23.8M | 7.9M | 9.3M | -5.8M | 11.9M | 7.6M | 0 | 9.4M | 0 | 0 | 1.16M |