XML 21 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
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