GATX CORP
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
GATX$187.22+0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Three Months EndedMarch 31 | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities | ||
| Net income | $74.3 | $77.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 100.6 | 93.6 |
| Net gains on disposition of owned assets | (36.1) | (48.1) |
| Asset impairments | — | 1.2 |
| Deferred income taxes | 15.9 | 14.1 |
| Share of affiliates’ earnings, net of dividends | (19.7) | (20.7) |
| Changes in working capital items | (37.4) | (22.5) |
| Net cash provided by operating activities | 97.6 | 95.0 |
| Investing Activities | ||
| Portfolio investments and capital additions | (378.6) | (387.0) |
| Portfolio proceeds | 59.7 | 108.2 |
| Proceeds from sales of other assets | 7.1 | 5.2 |
| Proceeds from short-term investments | — | 150.0 |
| Other | 0.2 | 0.7 |
| Net cash used in investing activities | (311.6) | (122.9) |
| Financing Activities | ||
| Net proceeds from issuances of debt (original maturities longer than 90 days) | 557.4 | 165.4 |
| Repayments of debt (original maturities longer than 90 days) | (300.0) | (250.0) |
| Net increase in debt with original maturities of 90 days or less | — | 2.8 |
| Stock repurchases | (4.6) | — |
| Dividends | (22.0) | (20.9) |
| Other | 14.2 | 4.4 |
| Net cash provided by (used in) financing activities | 245.0 | (98.3) |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | (2.6) | (0.2) |
| Net increase (decrease) in Cash, Cash Equivalents, and Restricted Cash during the period | 28.4 | (126.4) |
| Cash, Cash Equivalents, and Restricted Cash at beginning of the period | 450.8 | 304.0 |
| Cash, Cash Equivalents, and Restricted Cash at end of the period | $479.2 | $177.6 |
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