XML 104 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Data of Business Segments (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment data
The following tables show certain segment data for the years ended December 31, 2016, 2015, and 2014 (in millions):




Rail North America
 

Rail International
 

ASC
 

Portfolio Management
 
Other
 
GATX Consolidated
2016 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
935.1

 
$
182.0

 
$
4.2

 
$
5.8

 
$

 
$
1,127.1

Marine operating revenue

 

 
150.0

 
49.3

 

 
199.3

Other revenue
83.4

 
7.0

 

 
1.5

 

 
91.9

Total Revenues   
1,018.5

 
189.0

 
154.2

 
56.6

 

 
1,418.3

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
266.5

 
47.2

 
18.6

 

 

 
332.3

Marine operating expense

 

 
96.7

 
32.8

 

 
129.5

Depreciation expense
231.8

 
45.5

 
12.9

 
7.0

 

 
297.2

Operating lease expense
67.6

 

 
6.0

 

 
(0.1
)
 
73.5

Other operating expense
34.1

 
5.3

 

 
4.4

 

 
43.8

Total Expenses
600.0

 
98.0

 
134.2

 
44.2

 
(0.1
)
 
876.3

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain on asset dispositions
16.6

 
1.1

 

 
80.3

 

 
98.0

Interest (expense) income, net
(110.1
)
 
(29.7
)
 
(4.5
)
 
(8.6
)
 
4.8

 
(148.1
)
Other (expense) income
(3.6
)
 
0.8

 
(5.4
)
 

 
(3.6
)
 
(11.8
)
Share of affiliates' earnings (pretax)
0.5

 
(0.2
)
 

 
52.8

 

 
53.1

Segment profit
$
321.9

 
$
63.0

 
$
10.1

 
$
136.9

 
$
1.3

 
533.2

Selling, general and administrative expense
174.7

Income taxes (includes $5.7 related to affiliates' earnings)
101.4

Net income
$
257.1

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
$
45.5

 
$

 
$

 
$
4.2

 
$

 
$
49.7

Residual sharing income
0.8

 

 

 
82.8

 

 
83.6

Non-remarketing disposition gains (1)
1.5

 
1.7

 

 

 

 
3.2

Asset impairments
(31.2
)
 
(0.6
)
 

 
(6.7
)
 

 
(38.5
)
 
$
16.6

 
$
1.1

 
$

 
$
80.3

 
$

 
$
98.0

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
495.6

 
$
87.1

 
$
9.1

 
$
25.0

 
$
3.9

 
$
620.7

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
10.5

 
$
1.2

 
$

 
$
375.3

 
$

 
$
387.0

Identifiable assets
$
4,775.6

 
$
1,128.7

 
$
278.8

 
$
593.5

 
$
328.8

 
$
7,105.4

__________
(1) Includes scrapping gains.





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 (includes $0.5 net benefits related to affiliates' earnings)
110.4

Net income
$
205.3

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain (Loss) 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 impairments
(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 (includes $18.3 related to affiliates' earnings)
94.0

Net income
$
205.0

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain (Loss) 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 impairments
(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