GATX CORP
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
GATX$187.22+0.7%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Year Ended December 31 | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities | |||
| Net income | $284.2 | $259.2 | $155.9 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 421.4 | 392.1 | 371.3 |
| Net gains on sales of assets | (137.8) | (130.9) | (121.2) |
| Asset impairments | — | 1.5 | 48.9 |
| Employee benefit plans | (0.8) | (4.3) | 1.8 |
| Share-based compensation | 23.0 | 18.3 | 12.7 |
| Deferred income taxes | 45.8 | 38.3 | 36.3 |
| Share of affiliates’ earnings, net of dividends | (32.8) | (47.4) | 12.7 |
| Changes in working capital items | (0.9) | (6.4) | 15.1 |
| Net cash provided by operating activities | 602.1 | 520.4 | 533.5 |
| Investing Activities | |||
| Portfolio investments and capital additions | (1,674.4) | (1,665.0) | (1,255.8) |
| Portfolio proceeds | 230.6 | 272.8 | 269.6 |
| Proceeds from sales of other assets | 24.9 | 20.2 | 31.1 |
| Short-term investments | — | 150.0 | (148.5) |
| Other | 2.2 | 2.7 | 30.1 |
| Net cash used in investing activities | (1,416.7) | (1,219.3) | (1,073.5) |
| Financing Activities | |||
| Net proceeds from issuances of debt with original maturities longer than 90 days | 1,295.6 | 1,420.0 | 848.3 |
| Repayments of debt with original maturities longer than 90 days | (413.5) | (500.0) | (250.0) |
| Net decrease in debt with original maturities of 90 days or less | — | (7.1) | — |
| Purchases of assets previously leased | (30.4) | — | (1.5) |
| Stock repurchases | (21.9) | (2.6) | (47.2) |
| Dividends | (84.8) | (80.6) | (76.6) |
| Other | 25.5 | 14.4 | 31.4 |
| Net cash provided by financing activities | 770.5 | 844.1 | 504.4 |
| Effect of Exchange Rate Changes on Cash, Cash Equivalents, and Restricted Cash | (4.9) | 1.6 | (4.9) |
| Net (decrease) increase in Cash, Cash Equivalents, and Restricted Cash during the year | (49.0) | 146.8 | (40.5) |
| Cash, Cash Equivalents, and Restricted Cash at beginning of year | 450.8 | 304.0 | 344.5 |
| Cash, Cash Equivalents, and Restricted Cash at end of year | $401.8 | $450.8 | $304.0 |
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