Financial Data of Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment data

The following tables show certain segment data of each of our business segments (in millions):

	Rail North America			Rail International			ASC			Portfolio Management			Other			GATX Consolidated
Three Months Ended March 31, 2014
Profitability
Revenues
Lease revenue	$	194.9		$	47.2		$	1.1		$	7.4		$	—		$	250.6
Marine operating revenue	—			—			3.1			14.6			—			17.7
Other revenue	14.6			2.0			—			1.7			—			18.3
Total Revenues	209.5			49.2			4.2			23.7			—			286.6
Expenses
Maintenance expense	61.4			11.5			0.2			—			—			73.1
Marine operating expense	—			—			3.4			11.6			—			15.0
Depreciation expense	41.5			11.7			—			5.5			—			58.7
Operating lease expense	26.9			—			—			—			—			26.9
Other operating expense	4.8			1.4			—			0.4			—			6.6
Total Expenses	134.6			24.6			3.6			17.5			—			180.3
Other Income (Expense)
Net gain (loss) on asset dispositions	24.8			2.4			(0.4		)	1.3			—			28.1
Interest expense, net	(24.6		)	(6.2		)	(1.4		)	(6.8		)	(3.0		)	(42.0		)
Other (expense) income	(3.4		)	—			—			0.3			(0.3		)	(3.4		)
Share of affiliates' earnings (pretax)	3.3			(0.1		)	—			10.9			—			14.1
Segment Profit (Loss)	$	75.0		$	20.7		$	(1.2	)	$	11.9		$	(3.3	)	103.1
Selling, general and administrative expense																42.7
Income taxes (including $4.2 related to affiliates' earnings)																18.3
Net Income																$	42.1
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	21.6		$	—		$	—		$	—		$	—		$	21.6
Residual sharing income	0.6			—			—			1.2			—			1.8
Non-remarketing disposition gains (1)	2.6			2.4			—			—			—			5.0
Asset impairment	—			—			(0.4		)	0.1			—			(0.3		)
	$	24.8		$	2.4		$	(0.4	)	$	1.3		$	—		$	28.1
Capital Expenditures
Portfolio investments and capital additions	$	396.0		$	39.3		$	8.3		$	—		$	1.9		$	445.5
Selected Balance Sheet Data at March 31, 2014
Investments in affiliated companies	$	21.9		$	1.9		$	—		$	324.7		$	—		$	348.5
Identifiable assets	$	4,186.8		$	1,327.1		$	267.1		$	854.6		$	483.4		$	7,119.0

_____

(1) Includes scrapping gains.

	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 (including $4.1 related to affiliates' earnings)																11.6
Net Income																$	27.1
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	1.6		$	—		$	—		$	4.2		$	—		$	5.8
Residual sharing income	2.8			—			—			1.1			—			3.9
Non-remarketing disposition gains (1)	6.5			1.4			—			—			—			7.9
Asset impairment	(0.7		)	(0.2		)	—			—			—			(0.9		)
	$	10.2		$	1.2		$	—		$	5.3		$	—		$	16.7
Capital Expenditures
Portfolio investments and capital additions	$	85.7		$	44.3		$	3.2		$	16.0		$	0.7		$	149.9
Selected Balance Sheet Data at December 31, 2013
Investments in affiliated companies	$	31.4		$	2.0		$	—		$	320.9		$	—		$	354.3
Identifiable assets	$	3,710.5		$	1,297.1		$	271.0		$	856.9		$	414.1		$	6,549.6