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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