Financial Data of Business Segments (Tables)

3 Months Ended

Mar. 31, 2018

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			Portfolio Management			ASC			Other			GATX Consolidated
Three Months Ended March 31, 2018
Revenues
Lease revenue	$	219.5		$	52.4		0.3			$	1.0		$	—		$	273.2
Marine operating revenue	—			—			4.4			9.8			—			14.2
Other revenue	15.8			2.0			0.1			—			—			17.9
Total Revenues	235.3			54.4			4.8			10.8			—			305.3
Expenses
Maintenance expense	68.1			12.5			—			0.6			—			81.2
Marine operating expense	—			—			4.3			8.2			—			12.5
Depreciation expense	61.5			14.1			1.8			—			—			77.4
Operating lease expense	13.0			—			—			—			—			13.0
Other operating expense	6.9			1.5			0.2			—			—			8.6
Total Expenses	149.5			28.1			6.3			8.8			—			192.7
Other Income (Expense)
Net gain on asset dispositions	54.1			1.6			0.3			0.1			—			56.1
Interest (expense) income, net	(30.2		)	(8.7		)	(2.3		)	(1.3		)	2.6			(39.9		)
Other expense	(0.9		)	(0.2		)	—			—			(0.2		)	(1.3		)
Share of affiliates' pre-tax income	0.1			—			17.4			—			—			17.5
Segment profit	$	108.9		$	19.0		$	13.9		$	0.8		$	2.4		145.0
Less:
Selling, general and administrative expense																44.9
Income taxes (includes $3.2 related to affiliates' earnings)																23.8
Net income																$	76.3
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	49.9		$	—		$	—		$	0.1		$	—		$	50.0
Residual sharing income	0.1			—			0.3			—			—			0.4
Non-remarketing disposition gains (1)	4.1			1.6			—			—			—			5.7
Asset impairments	—			—			—			—			—			—
	$	54.1		$	1.6		0.3			$	0.1		$	—		$	56.1
Capital Expenditures
Portfolio investments and capital additions	$	136.5		$	29.5		—			$	11.7		$	0.7		$	178.4
Selected Balance Sheet Data at March 31, 2018
Investments in affiliated companies	$	6.8		$	—		449.1			$	—		$	—		$	455.9
Identifiable assets	$	4,965.8		$	1,382.6		597.9			$	298.3		$	223.4		$	7,468.0

__________

(1) Includes scrapping gains.

	Rail North America			Rail International			Portfolio Management			ASC			Other			GATX Consolidated
Three Months Ended March 31, 2017
Revenues
Lease revenue	$	227.2		$	43.3		$	1.2		$	1.0		$	—		$	272.7
Marine operating revenue	—			—			10.6			6.4			—			17.0
Other revenue	24.8			1.1			0.5			—			—			26.4
Total Revenues	252.0			44.4			12.3			7.4			—			316.1
Expenses
Maintenance expense	67.7			10.0			—			0.2			—			77.9
Marine operating expense	—			—			7.6			5.3			—			12.9
Depreciation expense	59.0			11.2			1.7			0.1			—			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			9.6			6.4			—			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		)	(2.2		)	(1.2		)	3.2			(39.2		)
Other (expense) income	(2.0		)	(1.5		)	2.3			—			(0.3		)	(1.5		)
Share of affiliates' pre-tax income	0.1			—			11.6			—			—			11.7
Segment profit (loss)	$	93.0		$	13.4		$	14.7		$	(0.2	)	$	2.9		123.8
Less:
Selling, general and administrative expense																42.7
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 December 31, 2017
Investments in affiliated companies	$	6.8		$	—		$	434.2		$	—		$	—		$	441.0
Identifiable assets	$	4,915.0		$	1,332.9		$	582.8		$	286.7		$	305.0		$	7,422.4

__________

(1) Includes scrapping gains.