Financial Data of Business Segments (Tables)

12 Months Ended

Dec. 31, 2019

The following tables show certain segment data for the years ended December 31, 2024, 2023, and 2022 (in millions):


	Rail North America		Rail International		Engine Leasing		Other		GATX Consolidated
2024 Profitability
Revenues
Lease revenue	$	983.5	$	333.6	$	32.4	$	31.6	$	1,381.1
Non-dedicated engine revenue	—		—		64.6		—		64.6

Other revenue	115.5		16.7		0.1		7.5		139.8
Total Revenues	1,099.0		350.3		97.1		39.1		1,585.5
Expenses
Maintenance expense	306.9		70.7		—		4.0		381.6
Depreciation expense	271.1		78.7		37.8		14.8		402.4
Operating lease expense	33.9		—		—		—		33.9

Other operating expense	26.4		17.4		9.6		4.3		57.7
Total Expenses	638.3		166.8		47.4		23.1		875.6
Other Income (Expense)
Net gain on asset dispositions	132.8		4.5		0.6		0.4		138.3
Interest (expense) income, net	(232.1)		(71.4)		(41.9)		4.4		(341.0)
Other (expense) income	(5.4)		3.2		0.6		(7.9)		(9.5)
Share of affiliates' pre-tax earnings	—		—		108.3		—		108.3
Segment profit	$	356.0	$	119.8	$	117.3	$	12.9	$	606.0
Less:
Selling, general and administrative expense									236.3
Income taxes (includes $25.5 related to affiliates' earnings)									85.5
Net income									$	284.2

Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on dispositions of owned assets	$	119.4	$	1.7	$	0.6	$	0.3	$	122.0
Residual sharing income	0.5		—		—		—		0.5
Non-remarketing net gains (1)	12.9		2.8		—		0.1		15.8

	$	132.8	$	4.5	$	0.6	$	0.4	$	138.3

Capital Expenditures
Portfolio investments and capital additions	$	1,162.4	$	232.9	$	260.8	$	18.3	$	1,674.4

Selected Balance Sheet Data
Investments in affiliated companies	$	0.2	$	—	$	663.1	$	—	$	663.3
Identifiable assets	$	7,751.6	$	2,233.3	$	1,653.4	$	658.2	$	12,296.5

__________

(1) Includes net gains from scrapping of railcars.


	Rail North America		Rail International		Engine Leasing		Other		GATX Consolidated
2023 Profitability
Revenues
Lease revenue	$	888.8	$	296.6	$	32.6	$	33.4	$	1,251.4
Non-dedicated engine revenue	—		—		37.6		—		37.6
Marine operating revenue	—		—		6.9		—		6.9
Other revenue	93.9		12.9		0.1		8.1		115.0
Total Revenues	982.7		309.5		77.2		41.5		1,410.9
Expenses
Maintenance expense	276.6		64.1		—		4.1		344.8
Depreciation expense	265.9		68.2		28.3		13.9		376.3
Operating lease expense	36.0		—		—		—		36.0
Marine operating expense	—		—		6.5		—		6.5
Other operating expense	25.9		10.4		7.3		3.0		46.6
Total Expenses	604.4		142.7		42.1		21.0		810.2
Other Income (Expense)
Net gain on asset dispositions	120.5		7.0		2.2		0.6		130.3
Interest (expense) income, net	(182.9)		(56.2)		(29.8)		5.5		(263.4)
Other (expense) income	(8.0)		(4.2)		0.2		2.6		(9.4)
Share of affiliates' pre-tax (loss) earnings	(0.6)		—		98.7		—		98.1
Segment profit	$	307.3	$	113.4	$	106.4	$	29.2	$	556.3
Less:
Selling, general and administrative expense									212.7
Income taxes (includes $25.7 related to affiliates' earnings)									84.4
Net income									$	259.2

Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on dispositions of owned assets	$	111.7	$	4.9	$	2.9	$	0.3	$	119.8
Residual sharing income	0.4		—		0.5		—		0.9
Non-remarketing net gains (1)	8.4		2.4		—		0.3		11.1
Asset impairments	—		(0.3)		(1.2)		—		(1.5)
	$	120.5	$	7.0	$	2.2	$	0.6	$	130.3

Capital Expenditures
Portfolio investments and capital additions	$	976.9	$	382.4	$	267.3	$	38.4	$	1,665.0

Selected Balance Sheet Data
Investments in affiliated companies	$	0.2	$	—	$	626.8	$	—	$	627.0
Identifiable assets	$	6,993.8	$	2,175.2	$	1,355.1	$	801.9	$	11,326.0

__________

(1) Includes net gains from scrapping of railcars.


	Rail North America		Rail International		Engine Leasing		Other		GATX Consolidated
2022 Profitability
Revenues
Lease revenue	$	826.0	$	266.2	$	33.0	$	29.4	$	1,154.6
Non-dedicated engine revenue	—		—		1.5		—		1.5
Marine operating revenue	—		—		18.9		—		18.9
Other revenue	82.0		9.1		0.2		6.7		98.0
Total Revenues	908.0		275.3		53.6		36.1		1,273.0
Expenses
Maintenance expense	238.5		51.4		—		2.8		292.7
Depreciation expense	258.6		69.1		17.8		12.0		357.5
Operating lease expense	36.1		—		—		—		36.1
Marine operating expense	—		—		14.1		—		14.1
Other operating expense	24.5		8.3		2.3		2.3		37.4
Total Expenses	557.7		128.8		34.2		17.1		737.8
Other Income (Expense)
Net gain (loss) on asset dispositions	119.7		(11.2)		(31.1)		0.5		77.9
Interest expense, net	(144.6)		(45.6)		(19.0)		(4.8)		(214.0)
Other expense	(4.6)		(3.8)		—		(18.6)		(27.0)
Share of affiliates' pre-tax earnings	0.5		—		45.4		—		45.9
Segment profit (loss)	$	321.3	$	85.9	$	14.7	$	(3.9)	$	418.0
Less:
Selling, general and administrative expense									195.0
Income taxes (includes $12.3 related to affiliates' earnings)									67.1
Net income									$	155.9

Net Gain (Loss) on Asset Dispositions
Asset Remarketing Income:
Net gains on dispositions of owned assets	$	102.2	$	1.6	$	—	$	0.3	$	104.1
Residual sharing income	2.4		—		3.2		—		5.6
Non-remarketing net gains (1)	15.1		1.8		—		0.2		17.1
Asset impairments	—		(14.6)		(34.3)		—		(48.9)
	$	119.7	$	(11.2)	$	(31.1)	$	0.5	$	77.9

Capital Expenditures
Portfolio investments and capital additions	$	815.9	$	243.9	$	149.7	$	46.3	$	1,255.8

Selected Balance Sheet Data
Investments in affiliated companies	$	0.8	$	—	$	574.3	$	—	$	575.1
Identifiable assets	$	6,445.7	$	1,774.4	$	1,106.6	$	745.3	$	10,072.0

__________

(1) Includes net gains from scrapping of railcars.