XML 212 R51.htm IDEA: XBRL DOCUMENT v2.4.1.9
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