10-Q Filing

GATX CORP CIK: 40211 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0000040211-20-000035`
Period End Date	20200331
Filing Date	20200505
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	gatx20200331-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 54 Cash Flow Statement 51

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.62	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.62	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$570.70M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	67.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	67.64M	shares	Point-in-time
Rent and other receivables	`AccountsReceivableGrossCurrent`	$76.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.93M	shares	Point-in-time
Rent and other receivables	`AccountsReceivableGrossCurrent`	$87.10M	USD	Point-in-time
Finance leases	`DirectFinanceLeaseReceivablesNetOfDeferredIncome`	$90.30M	USD	Point-in-time
Treasury stock, shares outstanding	`TreasuryStockShares`	32.70M	shares	Point-in-time
Treasury stock, shares outstanding	`TreasuryStockShares`	32.70M	shares	Point-in-time
Finance leases	`DirectFinanceLeaseReceivablesNetOfDeferredIncome`	$66.80M	USD	Point-in-time
Less: allowance for losses	`LoansAndLeasesReceivableAllowance`	$6.20M	USD	Point-in-time
Less: allowance for losses	`LoansAndLeasesReceivableAllowance`	$6.20M	USD	Point-in-time
Receivables, net	`LoansAndLeasesReceivableNetReportedAmount`	$137.50M	USD	Point-in-time
Receivables, net	`LoansAndLeasesReceivableNetReportedAmount`	$171.20M	USD	Point-in-time
Operating Assets and Facilities	`PropertyPlantAndEquipmentGross`	$9.90B	USD	Point-in-time
Operating Assets and Facilities	`PropertyPlantAndEquipmentGross`	$9.97B	USD	Point-in-time
Less: allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.22B	USD	Point-in-time
Less: allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.19B	USD	Point-in-time
Operating assets and facilities, net	`PropertyPlantAndEquipmentNet`	$6.75B	USD	Point-in-time
Operating assets and facilities, net	`PropertyPlantAndEquipmentNet`	$6.71B	USD	Point-in-time
Right-of-use assets, net of accumulated depreciation	`OperatingLeaseRightOfUseAsset`	$413.90M	USD	Point-in-time
Right-of-use assets, net of accumulated depreciation	`OperatingLeaseRightOfUseAsset`	$402.80M	USD	Point-in-time
Finance leases, net of accumulated depreciation	`FinanceLeaseRightOfUseAsset`	-	USD	Point-in-time
Finance leases, net of accumulated depreciation	`FinanceLeaseRightOfUseAsset`	$8.90M	USD	Point-in-time
Lease assets	`LeaseRightofUseAsset`	$422.80M	USD	Point-in-time
Lease assets	`LeaseRightofUseAsset`	$402.80M	USD	Point-in-time
Investments in Affiliated Companies	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$512.60M	USD	Point-in-time
Investments in Affiliated Companies	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$532.40M	USD	Point-in-time
Goodwill	`Goodwill`	$81.50M	USD	Point-in-time
Goodwill	`Goodwill`	$80.60M	USD	Point-in-time
Other Assets	`OtherAssets`	$238.80M	USD	Point-in-time
Other Assets	`OtherAssets`	$243.50M	USD	Point-in-time
Total Assets	`Assets`	$8.72B	USD	Point-in-time
Total Assets	`Assets`	$8.29B	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$149.10M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$120.60M	USD	Point-in-time
Commercial paper and borrowings under bank credit facilities	`OtherShortTermBorrowings`	$15.80M	USD	Point-in-time
Commercial paper and borrowings under bank credit facilities	`OtherShortTermBorrowings`	$275.50M	USD	Point-in-time
Recourse	`RecourseDebt`	$5.04B	USD	Point-in-time
Recourse	`RecourseDebt`	$4.78B	USD	Point-in-time
Debt, Long-term and Short-term, Combined Amount	`DebtLongtermAndShorttermCombinedAmount`	$4.80B	USD	Point-in-time
Debt, Long-term and Short-term, Combined Amount	`DebtLongtermAndShorttermCombinedAmount`	$5.32B	USD	Point-in-time
Operating leases	`OperatingLeaseLiability`	$432.30M	USD	Point-in-time
Operating leases	`OperatingLeaseLiability`	$399.30M	USD	Point-in-time
Finance leases	`FinanceLeaseLiability`	-	USD	Point-in-time
Finance leases	`FinanceLeaseLiability`	$7.90M	USD	Point-in-time
Lease obligations	`LeaseLiability`	$440.20M	USD	Point-in-time
Lease obligations	`LeaseLiability`	$399.30M	USD	Point-in-time
Deferred Income Tax Liabilities, Net	`DeferredIncomeTaxLiabilitiesNet`	$924.30M	USD	Point-in-time
Deferred Income Tax Liabilities, Net	`DeferredIncomeTaxLiabilitiesNet`	$930.20M	USD	Point-in-time
Other Liabilities	`OtherLiabilities`	$140.20M	USD	Point-in-time
Other Liabilities	`OtherLiabilities`	$117.60M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.45B	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.89B	USD	Point-in-time
Common stock, $0.625 par value: Authorized shares 120,000,000 Issued shares 67,325,950 and 67,083,149 Outstanding shares 37,632,377 and 37,895,641	`CommonStockValue`	$41.80M	USD	Point-in-time
Common stock, $0.625 par value: Authorized shares 120,000,000 Issued shares 67,325,950 and 67,083,149 Outstanding shares 37,632,377 and 37,895,641	`CommonStockValue`	$41.80M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$725.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$720.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.63B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-163.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-201.70M	USD	Point-in-time
Treasury stock at cost (29,693,573 and 29,187,508 shares)	`TreasuryStockValue`	$1.36B	USD	Point-in-time
Treasury stock at cost (29,693,573 and 29,187,508 shares)	`TreasuryStockValue`	$1.36B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$1.83B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$1.81B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$1.84B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$8.72B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$8.29B	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Lease revenue	`LeaseIncome`	$271.70M	USD	1 Quarter
Lease revenue	`LeaseIncome`	$274.40M	USD	1 Quarter
Revenue Recognition, Cargo and Freight, Policy [Policy Text Block]	`MarineOperatingRevenue`	$13.10M	USD	1 Quarter
Revenue Recognition, Cargo and Freight, Policy [Policy Text Block]	`MarineOperatingRevenue`	$11.80M	USD	1 Quarter
Other revenue	`OtherNonoperatingIncome`	$29.50M	USD	1 Quarter
Other revenue	`OtherNonoperatingIncome`	$25.40M	USD	1 Quarter
Total Revenues	`Revenues`	$308.90M	USD	1 Quarter
Total Revenues	`Revenues`	$317.00M	USD	1 Quarter
Cost of Repairs and Maintenance	`CostofRepairsandMaintenance`	$81.20M	USD	1 Quarter
Cost of Repairs and Maintenance	`CostofRepairsandMaintenance`	$86.60M	USD	1 Quarter
Marine operating expense	`MarineOperatingExpense`	$12.10M	USD	1 Quarter
Marine operating expense	`MarineOperatingExpense`	$10.40M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$79.90M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$80.40M	USD	1 Quarter
Operating lease expense	`OperatingLeasesRentExpenseNet`	$13.70M	USD	1 Quarter
Operating lease expense	`OperatingLeasesRentExpenseNet`	$13.30M	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$8.50M	USD	1 Quarter
Other operating expense	`OtherCostAndExpenseOperating`	$8.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$42.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$46.10M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$241.00M	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$241.60M	USD	1 Quarter
Net gain on asset dispositions	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$8.90M	USD	1 Quarter
Net gain on asset dispositions	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$27.40M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$46.50M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$46.80M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-8.20M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-3.20M	USD	1 Quarter
Income before Income Taxes and Share of Affiliates Earnings	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.70M	USD	1 Quarter
Income before Income Taxes and Share of Affiliates Earnings	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.20M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$8.40M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$12.90M	USD	1 Quarter
Share of Affiliates Earnings (net of tax)	`IncomeLossFromEquityMethodInvestments`	$14.70M	USD	1 Quarter
Share of Affiliates Earnings (net of tax)	`IncomeLossFromEquityMethodInvestments`	$19.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$46.30M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$41.50M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.60M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-10.50M	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-700.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.20M	USD	1 Quarter
Post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-38.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.50M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$36.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$8.20M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.33	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.14	USD	1 Quarter
Average number of common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	36.50M	shares	1 Quarter
Average number of common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	34.90M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.31	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	1 Quarter
Average number of common shares and common share equivalents (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.40M	shares	1 Quarter
Average number of common shares and common share equivalents (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.10M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$46.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$41.50M	USD	1 Quarter
Depreciation	`Depreciation`	$82.70M	USD	1 Quarter
Depreciation	`Depreciation`	$83.20M	USD	1 Quarter
Gains on sales of assets	`GainLossOnDispositionOfAssets`	$8.60M	USD	1 Quarter
Gains on sales of assets	`GainLossOnDispositionOfAssets`	$26.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.70M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.00M	USD	1 Quarter
Share of affiliates earnings, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$14.70M	USD	1 Quarter
Share of affiliates earnings, net of dividends	`IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions`	$19.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$42.30M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$37.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$53.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.30M	USD	1 Quarter
Additions to operating assets and facilities	`PaymentsToAcquirePropertyPlantAndEquipment`	$194.70M	USD	1 Quarter
Additions to operating assets and facilities	`PaymentsToAcquirePropertyPlantAndEquipment`	$147.30M	USD	1 Quarter
Purchases of leased-in assets	`PurchasesOfLeasedInAssets`	$7.90M	USD	1 Quarter
Portfolio proceeds	`PortfolioProceeds`	$63.60M	USD	1 Quarter
Portfolio proceeds	`PortfolioProceeds`	$41.50M	USD	1 Quarter
Proceeds from sales of other assets	`ProceedsFromSaleOfOtherProductiveAssets`	$6.70M	USD	1 Quarter
Proceeds from sales of other assets	`ProceedsFromSaleOfOtherProductiveAssets`	$6.50M	USD	1 Quarter
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	1 Quarter
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-300.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-124.10M	USD	1 Quarter
Net proceeds from issuances of debt (original maturities longer than 90 days)	`ProceedsFromIssuanceOfLongTermDebt`	$861.20M	USD	1 Quarter
Net proceeds from issuances of debt (original maturities longer than 90 days)	`ProceedsFromIssuanceOfLongTermDebt`	$495.20M	USD	1 Quarter
Repayments of debt (original maturities longer than 90 days)	`RepaymentsOfLongTermDebt`	$160.00M	USD	1 Quarter
Repayments of debt (original maturities longer than 90 days)	`RepaymentsOfLongTermDebt`	$350.00M	USD	1 Quarter
Net increase (decrease) in debt with original maturities of 90 days or less	`ProceedsFromRepaymentsOfShortTermDebt`	$9.50M	USD	1 Quarter
Net increase (decrease) in debt with original maturities of 90 days or less	`ProceedsFromRepaymentsOfShortTermDebt`	$-94.70M	USD	1 Quarter
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$38.10M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$19.20M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$19.00M	USD	1 Quarter
Other (add shares used to pay taxes)	`ProceedsFromPaymentsForOtherFinancingActivities`	$-700.00K	USD	1 Quarter
Other (add shares used to pay taxes)	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$493.60M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$182.50M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.80M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-300.00K	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$419.70M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$147.90M	USD	1 Quarter
Cash, Cash Equivalents, and Restricted Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$570.70M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.00M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.70M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.60M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$570.70M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.00M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.70M	USD	Point-in-time
Cash, Cash Equivalents, and Restricted Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.60M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.