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Financial Data of Business Segments (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment data
The following tables show the profitability, financial position, and investment volume of each of our business segments (in millions):



Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
Three Months Ended March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
183.8

 
$
43.0

 
$
1.1

 
$
9.3

 
$

 
$
237.2

Marine operating revenue

 

 
12.3

 
6.2

 

 
18.5

Other revenue
13.8

 
2.2

 

 
0.6

 

 
16.6

Total Revenues   
197.6

 
45.2

 
13.4

 
16.1

 

 
272.3

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
54.6

 
11.5

 
0.6

 

 

 
66.7

Marine operating expense

 

 
9.8

 
6.8

 

 
16.6

Depreciation expense
42.3

 
10.1

 

 
5.5

 

 
57.9

Operating lease expense
32.3

 

 

 

 

 
32.3

Other operating expense
4.0

 
0.9

 

 
0.4

 

 
5.3

Total Expenses
133.2

 
22.5

 
10.4

 
12.7

 

 
178.8

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
10.2

 
1.2

 

 
5.3

 

 
16.7

Interest expense, net
(25.7
)
 
(5.6
)
 
(1.6
)
 
(6.7
)
 
(1.3
)
 
(40.9
)
Other (expense) income
(0.8
)
 
0.5

 
(0.6
)
 

 
(0.2
)
 
(1.1
)
Share of affiliates' earnings (pretax)
2.2

 
(0.2
)
 

 
10.5

 

 
12.5

Segment Profit (Loss)   
$
50.3

 
$
18.6

 
$
0.8

 
$
12.5

 
$
(1.5
)
 
80.7

Selling, general and administrative expense
 
42.0

Income taxes ($4.1 million related to affiliates' earnings)
 
11.6

Net Income
 
$
27.1

Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
85.7

 
$
44.3

 
$
3.2

 
$
16.0

 
$
0.7

 
$
149.9

Selected Balance Sheet Data at March 31, 2013
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
47.0

 
$
79.8

 
$

 
$
358.7

 
$

 
$
485.5

Identifiable assets
$
3,639.6

 
$
1,111.4

 
$
271.8

 
$
766.3

 
$
355.6

 
$
6,144.7





Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
Three Months Ended March 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
174.6

 
$
40.0

 
$
1.1

 
$
9.8

 
$

 
$
225.5

Marine operating revenue

 

 
10.7

 
6.8

 

 
17.5

Other revenue
11.8

 
0.9

 

 
0.8

 

 
13.5

Total Revenues   
186.4

 
40.9

 
11.8

 
17.4

 

 
256.5

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
48.0

 
12.5

 
0.4

 

 

 
60.9

Marine operating expense

 

 
7.7

 
5.8

 

 
13.5

Depreciation expense
41.7

 
8.6

 

 
5.4

 

 
55.7

Operating lease expense
31.4

 

 

 
0.1

 
(0.1
)
 
31.4

Other operating expense
4.4

 
1.1

 
(0.2
)
 
(1.6
)
 

 
3.7

Total Expenses
125.5

 
22.2

 
7.9

 
9.7

 
(0.1
)
 
165.2

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
16.0

 
0.9

 

 
11.1

 

 
28.0

Interest expense, net
(25.8
)
 
(6.4
)
 
(1.8
)
 
(7.2
)
 
(1.4
)
 
(42.6
)
Other (expense) income
(1.9
)
 
(1.8
)
 

 
2.9

 
0.2

 
(0.6
)
Share of affiliates' earnings (pretax)
1.5

 
(3.5
)
 

 
7.5

 

 
5.5

Segment Profit (Loss)   
$
50.7

 
$
7.9

 
$
2.1

 
$
22.0

 
$
(1.1
)
 
81.6

Selling, general and administrative expense
 
38.1

Income taxes ($2.4 million related to affiliates' earnings)
 
13.2

Net Income
 
$
30.3

Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
98.9

 
$
44.8

 
$
5.9

 
$
3.1

 
$
1.0

 
$
153.7

Selected Balance Sheet Data at December 31, 2012
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
46.9

 
$
77.2

 
$

 
$
377.9

 
$

 
$
502.0

Identifiable assets
$
3,601.1

 
$
1,105.8

 
$
284.2

 
$
797.4

 
$
266.9

 
$
6,055.4