GATX CORP
For the period ended Sep 30, 2024. Filed Oct 24, 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.
Sep 30, 2024 · Filed Oct 24, 2024
GATX$187.22+0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Comprehensive Income (Unaudited)
(In millions, except per share data)
| Three Months EndedSeptember 30 | Nine Months EndedSeptember 30 | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Lease revenue | $351.7 | $317.2 | $1,024.6 | $927.8 |
| Non-dedicated engine revenue | 18.1 | 13.6 | 45.0 | 24.5 |
| Marine operating revenue | — | 0.6 | — | 6.1 |
| Other revenue | 35.6 | 28.7 | 102.4 | 83.8 |
| Total Revenues | 405.4 | 360.1 | 1,172.0 | 1,042.2 |
| Expenses | ||||
| Maintenance expense | 95.9 | 87.9 | 283.9 | 254.1 |
| Marine operating expense | — | 1.0 | — | 5.4 |
| Depreciation expense | 103.4 | 96.2 | 297.9 | 278.1 |
| Operating lease expense | 8.0 | 9.0 | 26.0 | 27.0 |
| Other operating expense | 14.1 | 12.0 | 41.5 | 34.0 |
| Selling, general and administrative expense | 57.2 | 51.0 | 171.7 | 153.4 |
| Total Expenses | 278.6 | 257.1 | 821.0 | 752.0 |
| Other Income (Expense) | ||||
| Net gain on asset dispositions | 48.5 | 16.9 | 110.3 | 105.1 |
| Interest expense, net | (88.9) | (68.1) | (249.5) | (190.8) |
| Other (expense) income | (0.9) | 1.8 | (10.9) | (7.1) |
| Income before Income Taxes and Share of Affiliates’ Earnings | 85.5 | 53.6 | 200.9 | 197.4 |
| Income taxes | (22.9) | (14.5) | (51.9) | (52.3) |
| Share of affiliates' earnings, net of taxes | 26.4 | 13.4 | 58.7 | 48.1 |
| Net Income | $89.0 | $52.5 | $207.7 | $193.2 |
| Other Comprehensive Income, Net of Taxes | ||||
| Foreign currency translation adjustments | $33.8 | $(40.6) | $11.8 | $(8.7) |
| Unrealized gain on derivative instruments | 0.4 | 0.8 | 0.7 | 1.4 |
| Post-retirement benefit plans | — | (2.0) | 4.5 | (1.0) |
| Other comprehensive income (loss) | 34.2 | (41.8) | 17.0 | (8.3) |
| Comprehensive Income | $123.2 | $10.7 | $224.7 | $184.9 |
| Share Data | ||||
| Basic earnings per share | $2.44 | $1.44 | $5.70 | $5.32 |
| Average number of common shares | 35.8 | 35.7 | 35.8 | 35.6 |
| Diluted earnings per share | $2.43 | $1.44 | $5.68 | $5.30 |
| Average number of common shares and common share equivalents | 35.9 | 35.8 | 35.9 | 35.7 |
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