GATX CORP
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
GATX$187.22+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
(In millions, except per share data)
| Year Ended December 31 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Lease revenue | $1,381.1 | $1,251.4 | $1,154.6 |
| Non-dedicated engine revenue | 64.6 | 37.6 | 1.5 |
| Marine operating revenue | — | 6.9 | 18.9 |
| Other revenue | 139.8 | 115.0 | 98.0 |
| Total Revenues | 1,585.5 | 1,410.9 | 1,273.0 |
| Expenses | |||
| Maintenance expense | 381.6 | 344.8 | 292.7 |
| Depreciation expense | 402.4 | 376.3 | 357.5 |
| Operating lease expense | 33.9 | 36.0 | 36.1 |
| Marine operating expense | — | 6.5 | 14.1 |
| Other operating expense | 57.7 | 46.6 | 37.4 |
| Selling, general and administrative expense | 236.3 | 212.7 | 195.0 |
| Total Expenses | 1,111.9 | 1,022.9 | 932.8 |
| Other Income (Expense) | |||
| Net gain on asset dispositions | 138.3 | 130.3 | 77.9 |
| Interest expense, net | (341.0) | (263.4) | (214.0) |
| Other expense | (9.5) | (9.4) | (27.0) |
| Income before Income Taxes and Share of Affiliates’ Earnings | 261.4 | 245.5 | 177.1 |
| Income taxes | (60.0) | (58.7) | (54.8) |
| Share of affiliates’ earnings, net of taxes | 82.8 | 72.4 | 33.6 |
| Net Income | $284.2 | $259.2 | $155.9 |
| Other Comprehensive Income, Net of Taxes | |||
| Foreign currency translation adjustments | $(53.8) | $45.8 | $(56.7) |
| Unrealized gain on derivative instruments | 1.0 | 1.3 | 1.4 |
| Post-retirement benefit plans | 10.8 | (3.1) | 4.3 |
| Other comprehensive (loss) income | (42.0) | 44.0 | (51.0) |
| Comprehensive Income | $242.2 | $303.2 | $104.9 |
| Share Data | |||
| Basic earnings per share | $7.80 | $7.13 | $4.41 |
| Average number of common shares | 35.8 | 35.7 | 35.4 |
| Diluted earnings per share | $7.78 | $7.12 | $4.35 |
| Average number of common shares and common share equivalents | 35.9 | 35.7 | 35.9 |
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