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Segment Information
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company reports operating results in five principal business segments: (1) the Rail Group, which manufactures and sells railcars and related parts and components; (2) the Construction Products Group, which manufactures and sells highway products and other steel products and services for infrastructure-related projects, and produces and sells aggregates; (3) the Inland Barge Group, which manufactures and sells barges and related products for inland waterway services; (4) the Energy Equipment Group, which manufactures and sells products for energy-related businesses, including structural wind towers, storage containers, transport trailers, tank heads for pressure and non-pressure vessels, and utility, traffic, and lighting structures; and (5) the Railcar Leasing and Management Services Group (“Leasing Group”), which owns and operates a fleet of railcars as well as provides third-party fleet management, maintenance, and leasing services. The segment All Other includes our captive insurance and transportation companies; legal, environmental, and maintenance costs associated with non-operating facilities; and other peripheral businesses. Gains and losses from the sale of property, plant, and equipment that are related to manufacturing and dedicated to the specific manufacturing operations of a particular segment are included in operating profit of that respective segment. Gains and losses from the sale of property, plant, and equipment that can be utilized by multiple segments are included in operating profit of the All Other segment. Total assets of the Energy Equipment Group amounted to $1,158.5 million as of September 30, 2014. See Note 2 Acquisitions and Divestitures for further discussion.

Sales and related net profits from the Rail Group to the Leasing Group are recorded in the Rail Group and eliminated in consolidation. Sales between these groups are recorded at prices comparable to those charged to external customers, taking into consideration quantity, features, and production demand. Intersegment sales and net profit ("deferred profit") are eliminated in consolidation and reflected in the "Eliminations – Lease subsidiary" line in the table below. Amortization of deferred profit on railcars sold to the Leasing Group is included in the operating profit of the Leasing Group, resulting in the recognition of depreciation expense based on the Company's original manufacturing cost of the railcars. Sales of railcars from the lease fleet are included in the Leasing Group, with related gains and losses computed based on the net book value of the original manufacturing cost of the railcars.

The financial information from continuing operations for these segments is shown in the tables below. We operate principally in North America.

Three Months Ended September 30, 2014
 
Revenues
 
Operating Profit (Loss)
 
External
 
Intersegment
 
Total
 
 
(in millions)
Rail Group
$
802.3

 
$
194.1

 
$
996.4

 
$
186.4

Construction Products Group
168.4

 
2.0

 
170.4

 
21.6

Inland Barge Group
168.4

 

 
168.4

 
31.0

Energy Equipment Group
219.0

 
50.7

 
269.7

 
30.0

Railcar Leasing and Management Services Group
203.0

 
2.7

 
205.7

 
87.0

All Other
1.7

 
27.2

 
28.9

 
(3.3
)
Segment Totals before Eliminations and Corporate
1,562.8

 
276.7

 
1,839.5

 
352.7

Corporate

 

 

 
(36.7
)
Eliminations – Lease subsidiary

 
(186.5
)
 
(186.5
)
 
(34.3
)
Eliminations – Other

 
(90.2
)
 
(90.2
)
 
(0.5
)
Consolidated Total
$
1,562.8

 
$

 
$
1,562.8

 
$
281.2


Three Months Ended September 30, 2013
 
Revenues
 
Operating Profit (Loss)
 
External
 
Intersegment
 
Total
 
 
(in millions)
Rail Group
$
541.5

 
$
177.0

 
$
718.5

 
$
121.5

Construction Products Group
145.8

 
3.4

 
149.2

 
18.6

Inland Barge Group
136.4

 

 
136.4

 
23.8

Energy Equipment Group
135.0

 
34.7

 
169.7

 
15.0

Railcar Leasing and Management Services Group
150.6

 

 
150.6

 
74.0

All Other
1.0

 
21.0

 
22.0

 
(1.6
)
Segment Totals before Eliminations and Corporate
1,110.3

 
236.1

 
1,346.4

 
251.3

Corporate

 

 

 
(17.8
)
Eliminations – Lease subsidiary

 
(173.0
)
 
(173.0
)
 
(28.3
)
Eliminations – Other

 
(63.1
)
 
(63.1
)
 
0.4

Consolidated Total
$
1,110.3

 
$

 
$
1,110.3

 
$
205.6


Nine Months Ended September 30, 2014
 
Revenues
 
Operating Profit (Loss)
 
External
 
Intersegment
 
Total
 
 
(in millions)
Rail Group
$
2,164.1

 
$
585.3

 
$
2,749.4

 
$
529.9

Construction Products Group
430.5

 
4.7

 
435.2

 
65.7

Inland Barge Group
470.7

 

 
470.7

 
88.6

Energy Equipment Group
569.2

 
138.7

 
707.9

 
81.2

Railcar Leasing and Management Services Group
870.6

 
9.7

 
880.3

 
419.7

All Other
3.5

 
76.7

 
80.2

 
(11.3
)
Segment Totals before Eliminations and Corporate
4,508.6

 
815.1

 
5,323.7

 
1,173.8

Corporate

 

 

 
(89.5
)
Eliminations – Lease subsidiary

 
(564.2
)
 
(564.2
)
 
(110.5
)
Eliminations – Other

 
(250.9
)
 
(250.9
)
 
0.7

Consolidated Total
$
4,508.6

 
$

 
$
4,508.6

 
$
974.5


Nine Months Ended September 30, 2013 
 
Revenues
 
Operating Profit (Loss)
 
External
 
Intersegment
 
Total
 
 
(in millions)
Rail Group
$
1,439.2

 
$
572.8

 
$
2,012.0

 
$
332.3

Construction Products Group
393.1

 
14.4

 
407.5

 
45.3

Inland Barge Group
433.8

 

 
433.8

 
69.0

Energy Equipment Group
384.9

 
92.0

 
476.9

 
44.2

Railcar Leasing and Management Services Group
454.6

 

 
454.6

 
211.3

All Other
3.7

 
59.3

 
63.0

 
(8.0
)
Segment Totals before Eliminations and Corporate
3,109.3

 
738.5

 
3,847.8

 
694.1

Corporate

 

 

 
(49.9
)
Eliminations – Lease subsidiary

 
(560.5
)
 
(560.5
)
 
(95.4
)
Eliminations – Other

 
(178.0
)
 
(178.0
)
 
(0.3
)
Consolidated Total
$
3,109.3

 
$

 
$
3,109.3

 
$
548.5