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Financial Data of Business Segments (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2013
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
192.2

 
$
45.6

 
$
1.1

 
$
7.8

 
$
—

 
$
246.7

Marine operating revenue
—

 
—

 
73.0

 
16.0

 
—

 
89.0

Other revenue
14.3

 
1.9

 
—

 
1.3

 
—

 
17.5

Total Revenues   
206.5

 
47.5

 
74.1

 
25.1

 
—

 
353.2

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
58.6

 
10.9

 
7.4

 
—

 
—

 
76.9

Marine operating expense
—

 
—

 
47.2

 
11.0

 
—

 
58.2

Depreciation expense
44.9

 
10.8

 
4.1

 
5.8

 
—

 
65.6

Operating lease expense
29.7

 
—

 
1.8

 
—

 
—

 
31.5

Other operating expense
4.9

 
1.3

 
—

 
0.7

 
—

 
6.9

Total Expenses
138.1

 
23.0

 
60.5

 
17.5

 
—

 
239.1

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
20.5

 
1.3

 
—

 
1.7

 
—

 
23.5

Interest expense, net
(26.1
)
 
(6.7
)
 
(1.6
)
 
(6.3
)
 
(0.4
)
 
(41.1
)
Other (expense) income
(4.8
)
 
(1.0
)
 
0.9

 
—

 
0.5

 
(4.4
)
Share of affiliates' earnings (pre-tax)
(0.1
)
 
16.7

 
—

 
14.7

 
—

 
31.3

Segment Profit
$
57.9

 
$
34.8

 
$
12.9

 
$
17.7

 
$
0.1

 
123.4

Selling, general and administrative expense
 
42.0

Income taxes (includes $3.7 of net tax benefits related to affiliates' earnings)
 
27.6

Net Income
 
$
53.8

 
 
 
 
 
 
 
 
 
 
 
 
Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
130.8

 
$
43.7

 
$
—

 
$
19.3

 
$
2.4

 
$
196.2

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data at September 30, 2013
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
31.5

 
$
2.1

 
$
—

 
$
328.3

 
$
—

 
$
361.9

Identifiable assets
$
3,781.6

 
$
1,269.6

 
$
285.5

 
$
851.5

 
$
150.9

 
$
6,339.1





Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
Three Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
180.7

 
$
40.1

 
$
1.1

 
$
9.6

 
$
—

 
$
231.5

Marine operating revenue
—

 
—

 
79.1

 
6.4

 
—

 
85.5

Other revenue
12.7

 
1.4

 
—

 
0.8

 
—

 
14.9

Total Revenues   
193.4

 
41.5

 
80.2

 
16.8

 
—

 
331.9

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
51.3

 
9.8

 
7.7

 
—

 
—

 
68.8

Marine operating expense
—

 
—

 
51.3

 
5.2

 
—

 
56.5

Depreciation expense
42.2

 
8.9

 
4.0

 
5.6

 
—

 
60.7

Operating lease expense
31.4

 
—

 
1.3

 
—

 
—

 
32.7

Other operating expense
5.2

 
1.1

 
—

 
0.3

 
—

 
6.6

Total Expenses
130.1

 
19.8

 
64.3

 
11.1

 
—

 
225.3

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
9.2

 
1.0

 
—

 
1.1

 
—

 
11.3

Interest expense, net
(26.3
)
 
(6.1
)
 
(1.8
)
 
(6.9
)
 
(1.8
)
 
(42.9
)
Other (expense) income
(1.8
)
 
(1.8
)
 
(0.9
)
 
0.3

 
0.3

 
(3.9
)
Share of affiliates' earnings (pre-tax)
1.2

 
3.1

 
—

 
14.8

 
—

 
19.1

Segment Profit (Loss)   
$
45.6

 
$
17.9

 
$
13.2

 
$
15.0

 
$
(1.5
)
 
90.2

Selling, general and administrative expense
 
38.6

Income taxes (includes $0.5 of net tax benefits related to affiliates' earnings)
 
(2.2
)
Net Income
 
$
53.8

 
 
 
 
 
 
 
 
 
 
 
 
Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
81.9

 
$
41.4

 
$
0.3

 
$
6.3

 
$
1.7

 
$
131.6

 
 
 
 
 
 
 
 
 
 
 
 
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





Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
563.3

 
$
132.2

 
$
3.2

 
$
24.2

 
$
—

 
$
722.9

Marine operating revenue
—

 
—

 
157.0

 
33.8

 
—

 
190.8

Other revenue
41.9

 
5.8

 
—

 
3.0

 
—

 
50.7

Total Revenues   
605.2

 
138.0

 
160.2

 
61.0

 
—

 
964.4

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
170.8

 
32.0

 
15.1

 
—

 
—

 
217.9

Marine operating expense
—

 
—

 
105.2

 
27.3

 
—

 
132.5

Depreciation expense
129.9

 
31.5

 
8.1

 
17.1

 
—

 
186.6

Operating lease expense
94.0

 
—

 
3.5

 
—

 
(0.1
)
 
97.4

Other operating expense
13.9

 
3.6

 
—

 
1.7

 
—

 
19.2

Total Expenses
408.6

 
67.1

 
131.9

 
46.1

 
(0.1
)
 
653.6

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
40.9

 
3.8

 
—

 
15.1

 
—

 
59.8

Interest expense, net
(80.5
)
 
(17.5
)
 
(4.8
)
 
(19.7
)
 
(2.7
)
 
(125.2
)
Other (expense) income
(8.9
)
 
(0.5
)
 
0.3

 
—

 
0.5

 
(8.6
)
Share of affiliates' earnings (pre-tax)
8.3

 
21.1

 
—

 
37.2

 
—

 
66.6

Segment Profit (Loss)   
$
156.4

 
$
77.8

 
$
23.8

 
$
47.5

 
$
(2.1
)
 
303.4

Selling, general and administrative expense
 
129.8

Income taxes (includes $9.7 related to affiliates' earnings)
 
57.6

Net Income
 
$
116.0

 
 
 
 
 
 
 
 
 
 
 
 
Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
345.9

 
$
134.9

 
$
11.0

 
$
170.5

 
$
4.5

 
$
666.8





Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
Nine Months Ended September 30, 2012
 
 
 
 
 
 
 
 
 
 
Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
531.9

 
$
119.1

 
$
3.2

 
$
28.4

 
$
—

 
$
682.6

Marine operating revenue
—

 
—

 
166.0

 
20.1

 
—

 
186.1

Other revenue
36.6

 
3.9

 
—

 
2.3

 
—

 
42.8

Total Revenues   
568.5

 
123.0

 
169.2

 
50.8

 
—

 
911.5

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
148.1

 
34.6

 
14.8

 
—

 
—

 
197.5

Marine operating expense
—

 
—

 
108.6

 
16.6

 
—

 
125.2

Depreciation expense
125.7

 
26.1

 
7.9

 
16.2

 
—

 
175.9

Operating lease expense
94.1

 
—

 
2.5

 
0.2

 
(0.2
)
 
96.6

Other operating expense
13.6

 
4.0

 
(0.3
)
 
(0.7
)
 
—

 
16.6

Total Expenses
381.5

 
64.7

 
133.5

 
32.3

 
(0.2
)
 
611.8

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
39.7

 
3.1

 
—

 
14.8

 
—

 
57.6

Interest expense, net
(78.0
)
 
(19.0
)
 
(5.5
)
 
(20.6
)
 
(4.0
)
 
(127.1
)
Other (expense) income
(3.9
)
 
(3.3
)
 
(0.9
)
 
3.4

 
0.7

 
(4.0
)
Share of affiliates' earnings (pre-tax)
4.7

 
(16.9
)
 
—

 
35.5

 
—

 
23.3

Segment Profit (Loss)   
$
149.5

 
$
22.2

 
$
29.3

 
$
51.6

 
$
(3.1
)
 
249.5

Selling, general and administrative expense
 
115.6

Income taxes (includes $4.0 related to affiliates' earnings)
 
26.3

Net Income
 
$
107.6

 
 
 
 
 
 
 
 
 
 
 
 
Investment Volume
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
318.5

 
$
125.4

 
$
11.7

 
$
62.8

 
$
5.0

 
$
523.4