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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Revenue      
Revenue $ 3,944.0 $ 2,977.7 $ 1,747.9
Cost of revenue      
Cost of revenue 3,502.9 2,671.7 1,516.3
Margin 441.1 306.0 231.6
Selling and administrative 235.3 225.2 191.8
Net gain on disposition of equipment (17.3) (37.2) (1.2)
Asset impairment, disposal, and exit costs, net 46.7    
Earnings from operations 176.4 118.0 41.0
Other costs      
Interest and foreign exchange 85.4 57.4 43.3
Net loss on extinguishment of debt     6.3
Earnings (loss) before income tax and earnings from unconsolidated affiliates 91.0 60.6 (8.6)
Income tax (expense) benefit (24.6) (18.1) 40.2
Earnings before earnings from unconsolidated affiliates 66.4 42.5 31.6
Earnings from unconsolidated affiliates 9.2 11.3 3.5
Net earnings 75.6 53.8 35.1
Net earnings attributable to noncontrolling interest (13.1) (6.9) (2.7)
Net earnings attributable to Greenbrier $ 62.5 $ 46.9 $ 32.4
Basic earnings per common share $ 1.95 $ 1.44 $ 0.99
Diluted earnings per common share $ 1.89 [1] $ 1.40 $ 0.96
Weighted average common shares      
Basic [2] 31,983 32,569 32,648
Diluted 33,799 33,631 33,665
Manufacturing      
Revenue      
Revenue $ 3,357.7 $ 2,476.6 $ 1,311.1
Cost of revenue      
Cost of revenue 3,083.4 2,300.9 1,189.2
Maintenance Services      
Revenue      
Revenue 406.4 347.7 298.3
Cost of revenue      
Cost of revenue 364.0 322.0 280.4
Leasing & Management Services      
Revenue      
Revenue 179.9 153.4 138.5
Cost of revenue      
Cost of revenue $ 55.5 $ 48.8 $ 46.7
[1] Diluted earnings per share was calculated as follows:

Earnings before interest and debt issuance costs on the 2.875% convertible notes due 2024

Weighted average diluted common shares outstanding

[2] Restricted stock grants and restricted stock units that are considered participating securities, including some grants subject to certain performance criteria, are included in weighted average basic common shares outstanding when the Company is in a net earnings position. No participating securities are included in basic common shares outstanding for the year ended August 31, 2023.