XML 62 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Financial Data of Business Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment data
The following tables show certain segment data for the years ended December 31, 2019, 2018, and 2017 (in millions):




Rail North America
 

Rail International
 

Portfolio Management
 
ASC
 
Other
 
GATX Consolidated
2019 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
868.3

 
$
219.2

 
$
1.0

 
$
4.2

 
$
—

 
$
1,092.7

Marine operating revenue
—

 
—

 
8.2

 
187.5

 
—

 
195.7

Other revenue
96.2

 
8.5

 
0.7

 
—

 
—

 
105.4

Total Revenues   
964.5

 
227.7

 
9.9

 
191.7

 
—

 
1,393.8

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
267.9

 
46.5

 
—

 
24.5

 
—

 
338.9

Marine operating expense
—

 
—

 
18.9

 
114.3

 
—

 
133.2

Depreciation expense
256.9

 
57.8

 
6.6

 
10.6

 
—

 
331.9

Operating lease expense
54.4

 
—

 
—

 
—

 
—

 
54.4

Other operating expense
23.9

 
6.8

 
0.6

 
—

 
—

 
31.3

Total Expenses
603.1

 
111.1

 
26.1

 
149.4

 
—

 
889.7

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
54.6

 
1.7

 
(4.7
)
 
10.5

 
—

 
62.1

Interest (expense) income, net
(134.5
)
 
(40.6
)
 
(11.2
)
 
(6.1
)
 
5.8

 
(186.6
)
Other (expense) income
(5.3
)
 
1.2

 
—

 
(0.6
)
 
(3.2
)
 
(7.9
)
Share of affiliates' pre-tax income
—

 
—

 
94.5

 
—

 
—

 
94.5

Segment profit
$
276.2

 
$
78.9

 
$
62.4

 
$
46.1

 
$
2.6

 
466.2

Less:
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expense
188.6

Income taxes (includes $18.0 related to affiliates' earnings)
66.4

Net income
$
211.2

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain (Loss) on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
$
58.5

 
$
0.1

 
$
—

 
$
—

 
$
—

 
$
58.6

Residual sharing income
0.4

 
—

 
1.5

 
—

 
—

 
1.9

Non-remarketing disposition (losses) gains (1)
(3.9
)
 
1.6

 
—

 
10.5

 
—

 
8.2

Asset impairments
(0.4
)
 
—

 
(6.2
)
 
—

 
—

 
(6.6
)
 
$
54.6

 
$
1.7

 
$
(4.7
)
 
$
10.5

 
$
—

 
$
62.1

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
502.2

 
$
215.7

 
$
—

 
$
18.9

 
$
4.9

 
$
741.7

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
0.2

 
$
—

 
$
512.4

 
$
—

 
$
—

 
$
512.6

Identifiable assets
$
5,646.7

 
$
1,486.7

 
$
653.7

 
$
291.1

 
$
206.9

 
$
8,285.1

__________
(1) Includes net scrapping gains/losses.





Rail North America
 

Rail International
 

Portfolio Management
 
ASC
 
Other
 
GATX Consolidated
2018 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
873.4

 
$
209.3

 
$
1.0

 
$
4.1

 
$
—

 
$
1,087.8

Marine operating revenue
—

 
—

 
14.3

 
181.7

 
—

 
196.0

Other revenue
68.1

 
8.2

 
0.8

 
—

 
—

 
77.1

Total Revenues
941.5

 
217.5

 
16.1

 
185.8

 
—

 
1,360.9

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
254.7

 
44.5

 
—

 
22.6

 
—

 
321.8

Marine operating expense
—

 
—

 
16.8

 
114.1

 
—

 
130.9

Depreciation expense
248.5

 
55.5

 
7.3

 
10.6

 
—

 
321.9

Operating lease expense
49.6

 
—

 
—

 
—

 
—

 
49.6

Other operating expense
27.3

 
5.8

 
—

 
—

 
—

 
33.1

Total Expenses
580.1

 
105.8

 
24.1

 
147.3

 
—

 
857.3

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
76.3

 
(0.2
)
 
(3.4
)
 
0.1

 
—

 
72.8

Interest (expense) income, net
(125.2
)
 
(35.9
)
 
(10.4
)
 
(5.7
)
 
8.6

 
(168.6
)
Other (expense) income
(5.2
)
 
(7.0
)
 
—

 
0.1

 
(9.5
)
 
(21.6
)
Share of affiliates' pre-tax income
0.6

 
—

 
60.5

 
—

 
—

 
61.1

Segment profit (loss)
$
307.9

 
$
68.6

 
$
38.7

 
$
33.0

 
$
(0.9
)
 
447.3

Less:
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expense
191.1

Income taxes (includes $10.8 related to affiliates' earnings)
44.9

Net income
$
211.3

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain (Loss) on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains on owned assets
$
64.7

 
$
—

 
$
—

 
$
0.1

 
$
—

 
$
64.8

Residual sharing income
1.4

 
—

 
1.1

 
—

 
—

 
2.5

Non-remarketing disposition gains (1)
10.8

 
3.7

 
—

 
—

 
—

 
14.5

Asset impairments
(0.6
)
 
(3.9
)
 
(4.5
)
 
—

 
—

 
(9.0
)
 
$
76.3

 
$
(0.2
)
 
$
(3.4
)
 
$
0.1

 
$
—

 
$
72.8

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
737.4

 
$
152.7

 
$
14.1

 
$
15.8

 
$
23.4

 
$
943.4

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
Investments in affiliated companies
$
0.2

 
$
—

 
$
464.3

 
$
—

 
$
—

 
$
464.5

Identifiable assets
$
5,236.6

 
$
1,363.2

 
$
606.8

 
$
297.8

 
$
112.3

 
$
7,616.7

__________
(1) Includes net scrapping gains/losses.



Rail North America
 

Rail International
 

Portfolio Management
 
ASC
 
Other
 
GATX Consolidated
2017 Profitability
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
 
 
 
Lease revenue
$
899.9

 
$
190.3

 
$
3.8

 
$
4.1

 
$
—

 
$
1,098.1

Marine operating revenue
—

 
—

 
25.0

 
168.4

 
—

 
193.4

Other revenue
77.5

 
6.8

 
1.1

 
—

 
—

 
85.4

Total Revenues
977.4

 
197.1

 
29.9

 
172.5

 
—

 
1,376.9

Expenses
 
 
 
 
 
 
 
 
 
 
 
Maintenance expense
265.0

 
41.1

 
—

 
22.2

 
—

 
328.3

Marine operating expense
—

 
—

 
24.8

 
106.2

 
—

 
131.0

Depreciation expense
239.4

 
48.9

 
7.0

 
12.0

 
—

 
307.3

Operating lease expense
60.7

 
—

 
—

 
1.8

 
—

 
62.5

Other operating expense
28.7

 
4.7

 
1.0

 
—

 
—

 
34.4

Total Expenses
593.8

 
94.7

 
32.8

 
142.2

 
—

 
863.5

Other Income (Expense)
 
 
 
 
 
 
 
 
 
 
 
Net gain (loss) on asset dispositions
45.2

 
3.1

 
7.7

 
(1.9
)
 
—

 
54.1

Interest (expense) income, net
(121.2
)
 
(33.4
)
 
(9.2
)
 
(5.2
)
 
8.5

 
(160.5
)
Other (expense) income
(5.9
)
 
(3.2
)
 
2.3

 
1.3

 
(7.1
)
 
(12.6
)
Share of affiliates' pre-tax (loss) income
(2.4
)
 
(0.1
)
 
58.4

 
—

 
—

 
55.9

Segment profit
$
299.3

 
$
68.8

 
$
56.3

 
$
24.5

 
$
1.4

 
450.3

Less:
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expense
180.0

Income taxes (includes $12.0 related to affiliates' earnings)
(231.7
)
Net income
$
502.0

 
 
 
 
 
 
 
 
 
 
 
 
Net Gain (Loss) on Asset Dispositions
 
 
 
 
 
 
 
 
 
 
 
Asset Remarketing Income:
 
 
 
 
 
 
 
 
 
 
 
Disposition gains (losses) on owned assets
$
44.0

 
$
0.1

 
$
1.8

 
$
(1.8
)
 
$
—

 
$
44.1

Residual sharing income
0.6

 
—

 
9.6

 
—

 
—

 
10.2

Non-remarketing disposition gains (losses) (1)
5.2

 
3.3

 
—

 
(0.1
)
 
—

 
8.4

Asset impairments
(4.6
)
 
(0.3
)
 
(3.7
)
 
—

 
—

 
(8.6
)
 
$
45.2

 
$
3.1

 
$
7.7

 
$
(1.9
)
 
$
—

 
$
54.1

 
 
 
 
 
 
 
 
 
 
 
 
Capital Expenditures
 
 
 
 
 
 
 
 
 
 
 
Portfolio investments and capital additions
$
460.9

 
$
90.9

 
$
36.6

 
$
14.0

 
$
1.0

 
$
603.4

 
 
 
 
 
 
 
 
 
 
 
 
Selected Balance Sheet Data
 
 
 
 
 
 
 
 
 
 
 
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 net scrapping gains/losses.