v3.25.1
Financial Data of Business Segments (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Data
The following tables show certain segment data for each of our business segments (in millions):


Rail North America		Rail International
Engine Leasing		OtherGATX Consolidated
Three Months Ended March 31, 2025
Revenues
Lease revenue
$260.0 $83.6 $8.1 $7.9 $359.6 
Non-dedicated engine revenue— — 21.5 — 21.5 
Other revenue
33.3 4.9 — 2.3 40.5 
Total Revenues
293.3 88.5 29.6 10.2 421.6 
Expenses
Maintenance expense
83.7 18.5 — 1.3 103.5 
Depreciation expense
70.4 20.1 9.4 3.7 103.6 
Operating lease expense
7.6 — — — 7.6 
Other operating expense
7.5 4.6 2.8 1.1 16.0 
Total Expenses
169.2 43.2 12.2 6.1 230.7 
Other Income (Expense)
Net gain on asset dispositions
32.1 1.3 — — 33.4 
Interest (expense) income, net
(64.7)(19.1)(12.2)1.1 (94.9)
Other (expense) income
(2.7)(1.8)— 1.8 (2.7)
Share of affiliates' pre-tax earnings
— — 33.4 — 33.4 
Segment profit
$88.8 $25.7 $38.6 $7.0 $160.1 
Less:
Selling, general and administrative expense
56.6 
Income taxes (includes $8.3 related to affiliates' earnings)
24.9 
Net income
$78.6 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$30.5 $0.6 $— $— $31.1 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
5.1 0.7 — — 5.8 
Asset impairments
(3.6)— — — (3.6)
$32.1 $1.3 $— $— $33.4 
Capital Expenditures
Portfolio investments and capital additions
$227.7 $62.7 $— $5.9 $296.3 
Selected Balance Sheet Data at March 31, 2025
Investments in affiliated companies
$0.2 $— $688.7 $— $688.9 
Identifiable assets
$7,898.3 $2,350.6 $1,653.1 $1,064.3 $12,966.3 
_________
(1)    Includes net gains from scrapping of railcars.


Rail North America
Rail International
Engine Leasing		OtherGATX Consolidated
Three Months Ended March 31, 2024
Revenues
Lease revenue
$236.5 $80.6 $8.1 $8.1 $333.3 
Non-dedicated engine revenue— — 13.2 — 13.2 
Other revenue
28.5 3.1 — 1.8 33.4 
Total Revenues
265.0 83.7 21.3 9.9 379.9 
Expenses
Maintenance expense
72.9 17.5 — 1.0 91.4 
Depreciation expense
65.1 18.9 8.4 3.6 96.0 
Operating lease expense
9.0 — — — 9.0 
Other operating expense
6.7 3.5 2.5 0.9 13.6 
Total Expenses
153.7 39.9 10.9 5.5 210.0 
Other Income (Expense)
Net gain on asset dispositions
34.2 1.3 0.6 0.1 36.2 
Interest (expense) income, net
(53.3)(16.7)(9.3)1.5 (77.8)
Other (expense) income
(2.1)0.4 0.3 2.2 0.8 
Share of affiliates' pre-tax earnings
0.2 — 23.7 — 23.9 
Segment profit
$90.3 $28.8 $25.7 $8.2 $153.0 
Less:
Selling, general and administrative expense
55.9 
Income taxes (includes $4.2 related to affiliates' earnings)
22.8 
Net income$74.3 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$32.9 $0.1 $0.6 $0.1 $33.7 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
1.2 1.2 — — 2.4 
$34.2 $1.3 $0.6 $0.1 $36.2 
Capital Expenditures
Portfolio investments and capital additions
$321.7 $49.9 $— $7.0 $378.6 
Selected Balance Sheet Data at December 31, 2024
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