Related Party Transactions

12 Months Ended

Aug. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

Note 17 — Related Party Transactions

The Company has a 41.9% interest in Axis, a joint venture. The Company purchased $8.7 million, $11.5 million and $13.5 million of railcar components from Axis during the years ended August 31, 2023, 2022 and 2021, respectively.

The Company held a 40% interest in the common equity of an unconsolidated affiliate that bought and sold railcar assets that are leased to third parties. Upon sale of railcars to this entity from Greenbrier, 60% of the related revenue and margin was recognized and 40% was deferred until the railcars were ultimately sold by the entity. The Company recognized $15.1 million and $9.3 million with railcars sold out of the leasing warehouse during the year ended August 31, 2023 and 2022, respectively. The Company had no material revenue with railcars sold out of the leasing warehouse during the year ended August 31, 2021. As of August 31, 2023, the Company no longer holds an investment in this entity.