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Schedule I - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Registrant | SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT GATX CORPORATION (Parent Company) BALANCE SHEETS (In millions)
| December 31
| 2014 |  | 2013
Assets |  |  |
Cash and cash equivalents | $ | 162.3 |  |  | $ | 294.6 |
Operating assets and facilities, net | 3,397.0 |  |  | 2,724.3 |
Investments in affiliated companies | 2,199.5 |  |  | 2,197.9 |
Other assets | 396.0 |  |  | 428.8 |
Total Assets | $ | 6,154.8 |  |  | $ | 5,645.6 |
Liabilities and Shareholders’ Equity |  |  |
Accounts payable and accrued expenses | $ | 54.9 |  |  | $ | 79.6 |
Debt | 3,821.1 |  |  | 3,249.2 |
Other liabilities | 964.8 |  |  | 919.8 |
Total Liabilities | 4,840.8 |  |  | 4,248.6 |
Total Shareholders’ Equity | 1,314.0 |  |  | 1,397.0 |
Total Liabilities and Shareholders’ Equity | $ | 6,154.8 |  |  | $ | 5,645.6 |
See accompanying note to condensed financial statements. SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D) GATX CORPORATION (Parent Company) STATEMENTS OF COMPREHENSIVE INCOME (In millions)
| Year Ended December 31
| 2014 |  | 2013 |  | 2012
Revenues |  |  |  |  |
Lease revenue | $ | 669.7 |  |  | $ | 543.0 |  |  | $ | 504.5 |
Other revenue | 60.2 |  |  | 51.3 |  |  | 43.5 |
Total Revenues | 729.9 |  |  | 594.3 |  |  | 548.0 |
Expenses |  |  |  |  |
Maintenance expense | 227.6 |  |  | 176.5 |  |  | 154.8 |
Depreciation expense | 147.7 |  |  | 131.1 |  |  | 122.2 |
Operating lease expense | 83.0 |  |  | 89.5 |  |  | 91.6 |
Other operating expense | 17.1 |  |  | 12.7 |  |  | 12.0 |
Selling, general and administrative expense | 139.7 |  |  | 131.1 |  |  | 118.4 |
Total Expenses | 615.1 |  |  | 540.9 |  |  | 499.0 |
Other Income (Expense) |  |  |  |  |
Net gain on asset dispositions | 67.9 |  |  | 68.6 |  |  | 59.4 |
Interest expense, net | (66.7 | ) |  | (63.7 | ) |  | (65.4 | )
Other income (expense) | 2.5 |  |  | (7.0 | ) |  | (4.4 | )
Income before Income Taxes and Share of Affiliates' Earnings | 118.5 |  |  | 51.3 |  |  | 38.6 |
Income Taxes | (41.7 | ) |  | (10.7 | ) |  | 1.0 |
Share of Affiliates' Earnings, Net of Taxes | 128.2 |  |  | 128.7 |  |  | 97.7 |
Net Income | $ | 205.0 |  |  | $ | 169.3 |  |  | $ | 137.3 |
Other Comprehensive Income, Net of Taxes |  |  |  |  |
Foreign currency translation adjustments | (79.1 | ) |  | 25.8 |  |  | 25.0 |
Unrealized (loss) gain on securities | (0.1 | ) |  | 0.8 |  |  | 0.2 |
Unrealized gain on derivative instruments | 3.0 |  |  | 22.4 |  |  | 11.7 |
Post-retirement benefit plans | (29.5 | ) |  | 52.9 |  |  | (12.4 | )
Other comprehensive (loss) income | (105.7 | ) |  | 101.9 |  |  | 24.5 |
Comprehensive Income | $ | 99.3 |  |  | $ | 271.2 |  |  | $ | 161.8 |
See accompanying note to condensed financial statements. SCHEDULE I — CONDENSED FINANCIAL INFORMATION OF REGISTRANT (CONT’D) GATX CORPORATION (Parent Company) STATEMENTS OF CASH FLOWS (In millions)
| Year Ended December 31
| 2014 |  | 2013 |  | 2012
Operating Activities |  |  |  |  |
Net cash provided by operating activities | $ | 219.5 |  |  | $ | 104.3 |  |  | $ | 269.6 |
Investing Activities |  |  |  |  |
Capital additions | (748.1 | ) |  | (513.5 | ) |  | (444.6 | )
Purchases of leased-in assets | (150.5 | ) |  | (61.4 | ) |  | (1.4 | )
Proceeds from sale-leasebacks | — |  |  | 90.7 |  |  | 104.9 |
Portfolio proceeds and other | 169.5 |  |  | 320.7 |  |  | 136.6 |
Net cash used in investing activities | (729.1 | ) |  | (163.5 | ) |  | (204.5 | )
Financing Activities |  |  |  |  |
Repayments of debt (original maturities longer than 90 days) | (692.2 | ) |  | (483.8 | ) |  | (603.7 | )
Net increase (decrease) in debt with original maturities of 90 days or less | 69.0 |  |  | (185.0 | ) |  | 185.0 |
Proceeds from issuances of debt (original maturities longer than 90 days) | 1,188.7 |  |  | 967.0 |  |  | 381.4 |
Stock repurchased | (124.6 | ) |  | (68.6 | ) |  | — |
Dividends | (62.0 | ) |  | (60.5 | ) |  | (57.7 | )
Other | (1.6 | ) |  | 1.2 |  |  | 5.0 |
Net cash provided by (used in) financing activities | 377.3 |  |  | 170.3 |  |  | (90.0 | )
Net (decrease) increase in cash and cash equivalents during the year | (132.3 | ) |  | 111.1 |  |  | (24.9 | )
Cash and Cash Equivalents at beginning of year | 294.6 |  |  | 183.5 |  |  | 208.4 |
Cash and Cash Equivalents at end of year | $ | 162.3 |  |  | $ | 294.6 |  |  | $ | 183.5 |
See accompanying note to condensed financial statements. Note to Condensed Financial Statements Basis of Presentation The condensed financial statements represent the Balance Sheets, Statements of Comprehensive Income and Cash Flows of GATX Corporation, the parent company. In these parent-company-only financial statements, our investment in subsidiaries and joint ventures (collectively "affiliates") is stated at cost plus equity in undistributed earnings of affiliates since the date of acquisition. Our share of net income from affiliates is included in consolidated net income using the equity method. The parent-company-only financial statements should be read in conjunction with our consolidated financial statements.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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