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Financial Data of Business Segments (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment data
The following tables show certain segment data for the years ended December 31, 2014, 2013, and 2012 (in millions):



Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
2014 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
864.1

 
$
188.6

 
$
4.2

 
$
29.7

 
$
—

 
$
1,086.6

Marine operating revenue
—


—

 
223.0

 
63.3

 
—

 
286.3

Other revenue
63.4

 
10.3

 
—

 
4.4

 
—

 
78.1

Total Revenues   
927.5

 
198.9

 
227.2

 
97.4

 
—

 
1,451.0

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
265.5

 
45.9

 
25.6

 
—

 
—

 
337.0

Marine operating expense
—

 
—

 
149.2

 
48.6

 
—

 
197.8

Depreciation expense
190.0

 
47.1

 
13.6

 
22.8

 
—

 
273.5

Operating lease expense
103.7

 
—

 
5.2

 
—

 
(0.2
)
 
108.7

Other operating expense
21.9

 
5.1

 
—

 
1.9

 
—

 
28.9

Total Expenses
581.1

 
98.1

 
193.6

 
73.3

 
(0.2
)
 
945.9

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
72.3

 
6.0

 
(0.5
)
 
9.4

 
—

 
87.2

Interest expense, net
(98.4
)
 
(24.7
)
 
(5.6
)
 
(24.3
)
 
(5.4
)
 
(158.4
)
Other expense
(7.2
)
 
(3.1
)
 
(0.2
)
 
(1.2
)
 
(1.8
)
 
(13.5
)
Share of affiliates' earnings (pretax)
7.9

 
(0.3
)
 
—

 
60.2

 
—

 
67.8

Segment profit (loss)   
$
321.0

 
$
78.7

 
$
27.3

 
$
68.2

 
$
(7.0
)
 
488.2

Selling, general and administrative expense
189.2

Income taxes (including $18.3 related to affiliates' earnings)
94.0

Net income
$
205.0

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
17.2

 
$
1.8

 
$
—

 
$
338.7

 
$
—

 
$
357.7

Identifiable assets
$
4,358.3

 
$
1,229.4

 
$
286.7

 
$
813.3

 
$
249.8

 
$
6,937.5

Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
810.6

 
$
163.6

 
$
18.4

 
$
32.3

 
$
5.6

 
$
1,030.5





Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
2013 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
758.9

 
$
180.2

 
$
4.2

 
$
31.9

 
$
—

 
$
975.2

Marine operating revenue
—

 
—

 
223.5

 
51.6

 
—

 
275.1

Other revenue
58.2

 
8.8

 
—

 
3.7

 
—

 
70.7

Total Revenues
817.1

 
189.0

 
227.7

 
87.2

 
—

 
1,321.0

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
228.2

 
42.9

 
22.9

 
—

 
—

 
294.0

Marine operating expense
—

 
—

 
151.3

 
38.5

 
—

 
189.8

Depreciation expense
176.7

 
43.2

 
12.1

 
23.0

 
—

 
255.0

Operating lease expense
124.4

 
—

 
5.2

 
—

 
(0.2
)
 
129.4

Other operating expense
18.4

 
5.3

 
—

 
2.4

 
—

 
26.1

Total Expenses
547.7

 
91.4

 
191.5

 
63.9

 
(0.2
)
 
894.3

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
67.7

 
3.7

 
(1.3
)
 
15.5

 
—

 
85.6

Interest expense, net
(106.0
)
 
(23.9
)
 
(6.2
)
 
(26.7
)
 
(3.8
)
 
(166.6
)
Other (expense) income
(9.8
)
 
(1.1
)
 
0.2

 
1.4

 
0.9

 
(8.4
)
Share of affiliates' earnings (pretax)
10.3

 
21.1

 
—

 
60.9

 
—

 
92.3

Segment profit (loss)
$
231.6

 
$
97.4

 
$
28.9

 
$
74.4

 
$
(2.7
)
 
429.6

Selling, general and administrative expense
178.3

Income taxes (including $16.5 related to affiliates' earnings)
82.0

Net income
$
169.3

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
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

Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
502.4

 
$
168.5

 
$
11.2

 
$
170.5

 
$
7.0

 
$
859.6






Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
2012 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
713.9

 
$
161.2

 
$
4.3

 
$
37.6

 
$
—

 
$
917.0

Marine operating revenue
—

 
—

 
239.1

 
26.4

 
—

 
265.5

Other revenue
51.4

 
6.5

 
—

 
2.8

 
—

 
60.7

Total Revenues
765.3

 
167.7

 
243.4

 
66.8

 
—

 
1,243.2

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
201.4

 
46.6

 
21.7

 
—

 
—

 
269.7

Marine operating expense
—

 
—

 
160.3

 
22.1

 
—

 
182.4

Depreciation expense
167.7

 
36.1

 
11.9

 
21.7

 
—

 
237.4

Operating lease expense
126.5

 
—

 
3.8

 
0.2

 
(0.3
)
 
130.2

Other operating expense
18.5

 
5.1

 
(0.3
)
 
0.9

 
0.0

 
24.2

Total Expenses
514.1

 
87.8

 
197.4

 
44.9

 
(0.3
)
 
843.9

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
58.6

 
1.7

 
—

 
19.2

 
—

 
79.5

Interest expense, net
(101.9
)
 
(24.5
)
 
(7.1
)
 
(27.7
)
 
(5.4
)
 
(166.6
)
Other (expense) income
(5.1
)
 
(6.1
)
 
(1.4
)
 
3.4

 
1.0

 
(8.2
)
Share of affiliates' earnings (pretax)
6.5

 
(18.3
)
 
—

 
33.4

 
—

 
21.6

Segment profit (loss)
$
209.3

 
$
32.7

 
$
37.5

 
$
50.2

 
$
(4.1
)
 
325.6

Selling, general and administrative expense
160.2

Income taxes (including $2.0 related to affiliates' earnings)
28.1

Net income
$
137.3

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
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

Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
465.9

 
$
200.1

 
$
12.6

 
$
83.5

 
$
7.9

 
$
770.0