Financial Data of Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment data

The following tables show certain segment data for each of our business segments (in millions):

	Rail North America			Rail International			ASC			Portfolio Management			Other			GATX Consolidated
Three Months Ended March 31, 2017
Profitability
Revenues
Lease revenue	$	227.2		$	43.3		$	1.0		$	1.2		$	—		$	272.7
Marine operating revenue	—			—			6.4			10.6			—			17.0
Other revenue	24.8			1.1			—			0.5			—			26.4
Total Revenues	252.0			44.4			7.4			12.3			—			316.1
Expenses
Maintenance expense	67.7			10.0			0.2			—			—			77.9
Marine operating expense	—			—			5.3			7.6			—			12.9
Depreciation expense	59.0			11.2			0.1			1.7			—			72.0
Operating lease expense	15.0			—			0.8			—			—			15.8
Other operating expense	8.1			1.2			—			0.3			—			9.6
Total Expenses	149.8			22.4			6.4			9.6			—			188.2
Other Income (Expense)
Net gain on asset dispositions	23.8			0.8			—			0.3			—			24.9
Interest (expense) income, net	(31.1		)	(7.9		)	(1.2		)	(2.2		)	3.2			(39.2		)
Other (expense) income	(2.0		)	(1.5		)	—			2.3			(0.1		)	(1.3		)
Share of affiliates' pretax income	0.1			—			—			11.6			—			11.7
Segment profit (loss)	$	93.0		$	13.4		$	(0.2	)	$	14.7		$	3.1		124.0
Selling, general and administrative expense																42.9
Income taxes (includes $3.0 related to affiliates' earnings)																23.6
Net income																$	57.5
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	21.1		$	—		$	—		$	—		$	—		$	21.1
Residual sharing income	0.1			—			—			0.3			—			0.4
Non-remarketing disposition gains (1)	2.6			0.8			—			—			—			3.4
Asset impairments	—			—			—			—			—			—
	$	23.8		$	0.8		$	—		$	0.3		$	—		$	24.9
Capital Expenditures
Portfolio investments and capital additions	$	102.8		$	18.7		$	7.3		$	—		$	0.2		$	129.0
Selected Balance Sheet Data at March 31, 2017
Investments in affiliated companies	$	10.5		$	1.2		$	—		$	385.2		$	—		$	396.9
Identifiable assets	$	4,862.5		$	1,169.7		$	306.9		$	600.0		$	157.8		$	7,096.9

__________

(1) Includes scrapping gains.

	Rail North America			Rail International			ASC			Portfolio Management			Other		GATX Consolidated
Three Months Ended March 31, 2016
Profitability
Revenues
Lease revenue	$	236.6		$	44.9		$	1.0		$	2.0		$	—	$	284.5
Marine operating revenue	—			—			4.1			16.2			—		20.3
Other revenue	27.8			1.6			—			0.2			—		29.6
Total Revenues	264.4			46.5			5.1			18.4			—		334.4
Expenses
Maintenance expense	65.8			12.5			0.2			—			—		78.5
Marine operating expense	—			—			2.9			9.4			—		12.3
Depreciation expense	56.5			11.1			—			1.7			—		69.3
Operating lease expense	16.8			—			—			—			—		16.8
Other operating expense	6.9			1.4			—			0.5			—		8.8
Total Expenses	146.0			25.0			3.1			11.6			—		185.7
Other Income (Expense)
Net gain on asset dispositions	18.6			0.7			—			3.9			—		23.2
Interest (expense) income, net	(27.2		)	(7.3		)	(1.1		)	(2.2		)	0.6		(37.2		)
Other (expense) income	(1.3		)	(2.2		)	—			—			0.2		(3.3		)
Share of affiliates' pretax income (loss)	0.2			(0.1		)	—			10.1			—		10.2
Segment profit	$	108.7		$	12.6		$	0.9		$	18.6		$	0.8	141.6
Selling, general and administrative expense															38.8
Income taxes (includes $2.7 related to affiliates' earnings)															33.5
Net income															$	69.3
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	17.6		$	—		$	—		$	2.4		$	—	$	20.0
Residual sharing income	0.3			—			—			1.5			—		1.8
Non-remarketing disposition gains (1)	0.7			0.7			—			—			—		1.4
Asset impairments	—			—			—			—			—		—
	$	18.6		$	0.7		$	—		$	3.9		$	—	$	23.2
Capital Expenditures
Portfolio investments and capital additions	$	112.9		$	22.0		$	4.7		$	—		$	0.6	$	140.2
Selected Balance Sheet Data at December 31, 2016
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.