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Financial Data of Business Segments (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment data
The following tables show certain segment data for the years ended December 31, 2015, 2014, and 2013 (in millions):




Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
2015 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
930.9

 
$
172.9

 
$
4.1

 
$
22.2

 
$

 
$
1,130.1

Marine operating revenue

 

 
166.1

 
68.9

 

 
235.0

Other revenue
75.9

 
7.5

 

 
1.4

 

 
84.8

Total Revenues   
1,006.8

 
180.4

 
170.2

 
92.5

 

 
1,449.9

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
264.2

 
39.6

 
22.3

 

 

 
326.1

Marine operating expense

 

 
107.2

 
48.7

 

 
155.9

Depreciation expense
215.1

 
43.7

 
14.3

 
17.4

 

 
290.5

Operating lease expense
82.2

 

 
5.2

 

 
(0.2
)
 
87.2

Other operating expense
26.2

 
5.1

 

 
7.1

 

 
38.4

Total Expenses
587.7

 
88.4

 
149.0

 
73.2

 
(0.2
)
 
898.1

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
67.2

 
6.8

 
(0.1
)
 
5.3

 

 
79.2

Interest expense, net
(102.1
)
 
(22.4
)
 
(5.3
)
 
(20.0
)
 
(5.3
)
 
(155.1
)
Other expense
(5.2
)
 
(6.0
)
 
(0.7
)
 

 
(1.3
)
 
(13.2
)
Share of affiliates' earnings (pretax) (1)
0.5

 
(0.3
)
 

 
45.2

 

 
45.4

Segment profit (loss)
$
379.5

 
$
70.1

 
$
15.1

 
$
49.8

 
$
(6.4
)
 
508.1

Selling, general and administrative expense
192.4

Income taxes (including $0.5 tax benefits related to affiliates' earnings)
110.4

Net income
$
205.3

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
66.6

 

 

 
23.7

 

 
$
90.3

Residual sharing income
0.8

 

 

 
12.6

 

 
13.4

Non-remarketing disposition gains (2)
2.3

 
7.2

 
(0.1
)
 

 

 
9.4

Asset impairment
(2.5
)
 
(0.4
)
 

 
(31.0
)
 

 
(33.9
)
 
$
67.2

 
$
6.8

 
$
(0.1
)
 
$
5.3

 
$

 
$
79.2

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
524.5

 
$
148.0

 
$
20.3

 
$
18.4

 
$
3.5

 
$
714.7

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
12.0

 
$
1.4

 
$

 
$
335.1

 
$

 
$
348.5

Identifiable assets
$
4,629.1

 
$
1,117.6

 
$
284.7

 
$
636.5

 
$
226.3

 
$
6,894.2

__________
(1) Includes a $19.0 million impairment loss in the Portfolio Management segment.
(2) Includes scrapping gains.





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

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
$
57.4

 
$
0.6

 
$

 
$
5.1

 
$

 
$
63.1

Residual sharing income
5.2

 

 

 
4.2

 

 
9.4

Non-remarketing disposition gains (1)
10.4

 
5.7

 
(0.1
)
 

 

 
16.0

Asset impairment
(0.7
)
 
(0.3
)
 
(0.4
)
 
0.1

 

 
(1.3
)
 
$
72.3

 
$
6.0

 
$
(0.5
)
 
$
9.4

 
$

 
$
87.2

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
810.6

 
$
163.6

 
$
18.4

 
$
32.3

 
$
5.6

 
$
1,030.5

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
17.2

 
$
1.8

 
$

 
$
338.7

 
$

 
$
357.7

Identifiable assets
$
4,358.2

 
$
1,228.8

 
$
286.7

 
$
813.3

 
$
232.9

 
$
6,919.9

__________
(1) Includes scrapping gains.





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

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
$
51.1

 
$
0.3

 
$

 
$
8.6

 
$

 
$
60.0

Residual sharing income
3.4

 

 

 
7.4

 

 
10.8

Non-remarketing disposition gains (1)
14.5

 
6.2

 

 

 

 
20.7

Asset impairment
(1.3
)
 
(2.8
)
 
(1.3
)
 
(0.5
)
 

 
(5.9
)
 
$
67.7

 
$
3.7

 
$
(1.3
)
 
$
15.5

 
$

 
$
85.6

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
502.4

 
$
168.5

 
$
11.2

 
$
170.5

 
$
7.0

 
$
859.6

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
31.4

 
$
2.0

 
$

 
$
320.9

 
$

 
$
354.3

Identifiable assets
$
3,710.3

 
$
1,296.2

 
$
271.0

 
$
856.9

 
$
401.1

 
$
6,535.5