Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2011

Condensed Financial Information of Registrant [Abstract]

CONDENSED FINANCIAL INFORMATION OF REGISTRANT

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT

GATX CORPORATION

(Parent Company)

BALANCE SHEETS

	Year Ended December  31
	2011		2010
	In millions
Assets
Cash and cash equivalents	$	208.4	$	48.9
Operating assets and facilities, net		2,355.9		2,154.0
Investment in subsidiaries		2,010.9		1,668.1
Other assets		478.1		438.9
Total Assets	$	5,053.3	$	4,309.9
Liabilities and Shareholders’ Equity
Accounts payable and accrued expenses	$	56.1	$	48.4
Debt		2,986.6		2,571.8
Other liabilities		883.3		576.0
Total Liabilities		3,926.0		3,196.2
Total Shareholders’ Equity		1,127.3		1,113.7
Total Liabilities and Shareholders’ Equity	$	5,053.3	$	4,309.9

The accompanying note is an integral part of these financial statements.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D)

GATX CORPORATION

(Parent Company)

STATEMENTS OF COMPREHENSIVE INCOME

	Year Ended December 31
	2011			2010			2009
	In millions
Gross Income
Lease income	$	477.7		$	458.9		$	490.7
Other income		106.5			83.9			82.5
Total Gross Income		584.2			542.8			573.2
Ownership Costs
Depreciation		117.0			110.2			118.7
Interest expense, net		72.8			74.0			82.4
Operating lease expense		95.2			101.3			97.6
Total Ownership Costs		285.0			285.5			298.7
Other Costs and Expenses
Maintenance expense		163.0			167.8			176.4
Selling, general and administrative		113.3			97.2			88.6
Other		21.8			25.2			24.7
Total Other Costs and Expenses		298.1			290.2			289.7
Income (Loss) before Income Taxes and Equity in Net Income of Subsidiaries		1.1			(32.9	)		(15.2	)
Income Taxes		(0.6	)		(17.8	)		5.2
Income (Loss) before Equity in Net Income of Subsidiaries		1.7			(15.1	)		(20.4	)
Equity in Net Income of Subsidiaries		109.1			95.9			101.8
Net Income	$	110.8		$	80.8		$	81.4
Other Comprehensive Income, net of taxes
Foreign currency translation adjustments		(39.6	)		(28.4	)		18.3
Unrealized (loss) gain on securities		(0.2	)		1.3			(0.1	)
Unrealized loss on derivative instruments		(0.5	)		(3.5	)		(4.8	)
Post-retirement benefit plans		(18.8	)		5.1			(12.7	)
Other comprehensive (loss) income		(59.1	)		(25.5	)		0.7
Comprehensive Income	$	51.7		$	55.3		$	82.1

The accompanying note is an integral part of these financial statements.

SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D)

GATX CORPORATION

(Parent Company)

STATEMENTS OF CASH FLOWS

	Year Ended December 31
	2011			2010			2009
	In millions
Operating Activities
Net cash provided by operating activities	$	95.0		$	92.8		$	232.6
Investing Activities
Capital additions		(343.1	)		(417.1	)		(340.1	)
Proceeds from sale-leaseback		—			79.0			45.7
Portfolio proceeds and other		143.0			65.4			66.5
Purchases of leased-in assets		(61.1	)		(5.3	)		(10.7	)
Capital contributions to subsidiaries, net		(25.7	)		—			(30.8	)
Net cash used in investing activities		(286.9	)		(278.0	)		(269.4	)
Financing Activities
Repayments of debt (original maturities longer than 90 days)		(195.9	)		(286.3	)		(435.4	)
Net (decrease) increase in debt with original maturities of 90 days or less		(89.1	)		58.6			(78.1	)
Proceeds from issuances of debt (original maturities longer than 90 days)		701.0			493.5			636.1
Stock repurchases		—			—			(55.1	)
Employee exercises of stock options		6.6			2.5			—
Dividends		(56.0	)		(53.5	)		(53.6	)
Other		(15.2	)		(8.8	)		(13.0	)
Net cash provided by financing activities		351.4			206.0			0.9
Net increase (decrease) in cash and cash equivalents during the period		159.5			20.8			(35.9	)
Cash and Cash Equivalents at beginning of period		48.9			28.1			64.0
Cash and Cash Equivalents at end of period	$	208.4		$	48.9		$	28.1
Total Distributions from Subsidiaries	$	—		$	57.3		$	—