Schedule I - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Registrant

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

GATX CORPORATION

(Parent Company)

BALANCE SHEETS

(In millions)

	December 31
	2016		2015
Assets
Cash and cash equivalents	$	249.1	$	147.6
Operating assets and facilities, net	3,457.9		3,373.6
Investments in affiliated companies	2,179.7		2,255.3
Other assets	758.6		709.4
Total Assets	$	6,645.3	$	6,485.9
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	88.6	$	72.0
Debt	4,140.8		4,107.7
Other liabilities	1,068.7		1,026.0
Total Liabilities	5,298.1		5,205.7
Total Shareholders’ Equity	1,347.2		1,280.2
Total Liabilities and Shareholders’ Equity	$	6,645.3	$	6,485.9

See accompanying note to condensed financial statements.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D)

GATX CORPORATION

(Parent Company)

STATEMENTS OF COMPREHENSIVE INCOME

(In millions)

	Year Ended December 31
	2016			2015			2014
Revenues
Lease revenue	$	720.8		$	718.3		$	669.7
Other revenue	76.3			66.7			60.2
Total Revenues	797.1			785.0			729.9
Expenses
Maintenance expense	240.8			233.6			227.6
Depreciation expense	176.8			164.8			147.7
Operating lease expense	59.0			61.7			83.0
Other operating expense	31.5			25.4			17.1
Selling, general and administrative expense	133.5			149.2			139.7
Total Expenses	641.6			634.7			615.1
Other Income (Expense)
Net gain on asset dispositions	131.2			48.0			67.9
Interest expense, net	(59.4		)	(68.7		)	(66.7		)
Other (expense) income	(6.5		)	—			2.5
Income before Income Taxes and Share of Affiliates' Earnings	220.8			129.6			118.5
Income Taxes	(103.3		)	(62.4		)	(41.7		)
Share of Affiliates' Earnings, Net of Taxes	139.6			138.1			128.2
Net Income	$	257.1		$	205.3		$	205.0
Other Comprehensive Income, Net of Taxes
Foreign currency translation adjustments	(26.0		)	(55.8		)	(79.1		)
Unrealized gain (loss) on securities	0.3			(0.6		)	(0.1		)
Unrealized gain (loss) on derivative instruments	0.6			(1.8		)	3.0
Post-retirement benefit plans	12.8			7.8			(29.5		)
Other comprehensive loss	(12.3		)	(50.4		)	(105.7		)
Comprehensive Income	$	244.8		$	154.9		$	99.3

See accompanying note to condensed financial statements.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D)

GATX CORPORATION

(Parent Company)

STATEMENTS OF CASH FLOWS

(In millions)

	Year Ended December 31
	2016			2015			2014
Operating Activities
Net cash provided by operating activities	$	632.8		$	412.5		$	219.5
Investing Activities
Capital additions	(472.7		)	(602.9		)	(748.1		)
Purchases of leased-in assets	(108.4		)	(118.4		)	(150.5		)
Proceeds from sale-leasebacks	82.5			—			—
Portfolio proceeds and other	127.8			208.7			169.5
Net cash used in investing activities	(370.8		)	(512.6		)	(729.1		)
Financing Activities
Repayments of debt (original maturities longer than 90 days)	(661.0		)	(350.0		)	(692.2		)
Net (decrease) increase in debt with original maturities of 90 days or less	—			(69.0		)	69.0
Proceeds from issuances of debt (original maturities longer than 90 days)	677.6			695.7			1,188.7
Stock repurchases	(120.1		)	(125.4		)	(124.6		)
Dividends	(67.4		)	(68.2		)	(62.0		)
Other	10.4			2.3			(1.6		)
Net cash (used in) provided by financing activities	(160.5		)	85.4			377.3
Net increase (decrease) in cash and cash equivalents during the year	101.5			(14.7		)	(132.3		)
Cash and Cash Equivalents at beginning of year	147.6			162.3			294.6
Cash and Cash Equivalents at end of year	$	249.1		$	147.6		$	162.3

See accompanying note to condensed financial statements.

Note to Condensed Financial Statements

Basis of Presentation

The condensed financial statements represent the Balance Sheets, Statements of Comprehensive Income and Cash Flows of GATX Corporation, the parent company. In these parent-company-only financial statements, our investment in subsidiaries and joint ventures (collectively "affiliates") is stated at cost plus equity in undistributed earnings of affiliates since the date of acquisition. Our share of net income from affiliates is included in consolidated net income using the equity method. The parent-company-only financial statements should be read in conjunction with our consolidated financial statements.