Investments in Affiliated Companies

9 Months Ended

Sep. 30, 2012

NOTE 3. Investments in Affiliated Companies

Investments in affiliated companies represent investments in and loans to domestic and foreign companies and joint ventures that are in businesses similar to those of GATX, such as lease financing and related services for customers operating rail, marine and industrial equipment assets as well as other business activities.

Operating results for all affiliated companies, assuming GATX held a 100% interest, would be (in millions):


	Three Months Ended September 30				Nine Months Ended September 30
	2012		2011		2012		2011
Revenues	$	163.2	$	165.9	$	506.4	$	502.0
Pre-tax income reported by affiliates		40.2		6.7		41.6		89.2

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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