v3.25.2
Financial Data of Business Segments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025
Revenues
Lease revenue
$262.8 $89.6 $8.1 $8.3 $368.8 
Non-dedicated engine revenue— — 20.5 — 20.5 
Other revenue
32.9 6.2 — 2.1 41.2 
Total Revenues
295.7 95.8 28.6 10.4 430.5 
Expenses
Maintenance expense
84.3 18.9 — 1.3 104.5 
Depreciation expense
71.7 21.7 9.5 4.0 106.9 
Operating lease expense
7.1 — — — 7.1 
Other operating expense
7.8 4.9 2.9 0.9 16.5 
Total Expenses
170.9 45.5 12.4 6.2 235.0 
Other Income (Expense)
Net gain on asset dispositions
39.1 1.4 — — 40.5 
Interest expense, net(64.4)(20.0)(11.6)(0.2)(96.2)
Other (expense) income
(2.8)0.5 0.1 1.1 (1.1)
Share of affiliates' pre-tax (losses) earnings(0.1)— 22.6 — 22.5 
Segment profit
$96.6 $32.2 $27.3 $5.1 $161.2 
Less:
Selling, general and administrative expense
58.2 
Income taxes (includes $6.5 related to affiliates' earnings)
27.5 
Net income
$75.5 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$34.1 $— $— $— $34.1 
Residual sharing income
0.2 — — — 0.2 
Non-remarketing net gains (1)
4.8 1.4 — — 6.2 
$39.1 $1.4 $— $— $40.5 
Capital Expenditures
Portfolio investments and capital additions
$132.2 $81.1 $— $5.7 $219.0 
Selected Balance Sheet Data at June 30, 2025
Investments in affiliated companies
$0.1 $— $706.3 $— $706.4 
Identifiable assets
$7,900.7 $2,545.1 $1,658.3 $1,096.1 $13,200.2 
_________
(1)    Includes net gains from scrapping of railcars.


Rail North America
Rail International
Engine Leasing		OtherGATX Consolidated
Three Months Ended June 30, 2024
Revenues
Lease revenue
$242.1 $82.0 $8.1 $7.4 $339.6 
Non-dedicated engine revenue— — 13.7 — 13.7 
Other revenue
28.3 3.2 — 1.9 33.4 
Total Revenues
270.4 85.2 21.8 9.3 386.7 
Expenses
Maintenance expense
77.4 18.2 — 1.0 96.6 
Depreciation expense
66.8 19.4 8.6 3.7 98.5 
Operating lease expense
9.0 — — — 9.0 
Other operating expense
6.4 3.6 1.9 1.9 13.8 
Total Expenses
159.6 41.2 10.5 6.6 217.9 
Other Income (Expense)
Net gain on asset dispositions
24.9 0.7 — — 25.6 
Interest (expense) income, net
(56.4)(17.5)(9.7)0.8 (82.8)
Other expense
(0.3)(0.7)(0.1)(9.7)(10.8)
Share of affiliates' pre-tax (losses) earnings
(0.2)— 16.9 — 16.7 
Segment profit (loss)
$78.8 $26.5 $18.4 $(6.2)$117.5 
Less:
Selling, general and administrative expense
58.6 
Income taxes (includes $4.1 related to affiliates' earnings)
14.5 
Net income$44.4 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$19.8 $— $— $— $19.8 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
5.0 0.7 — — 5.7 
$24.9 $0.7 $— $— $25.6 
Capital Expenditures
Portfolio investments and capital additions
$308.1 $59.6 $71.3 $3.0 $442.0 
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.