Attached files
| file | filename |
|---|---|
| EX-24 - EX-24 - GATX CORP | c55369exv24.htm |
| EX-23 - EX-23 - GATX CORP | c55369exv23.htm |
| EX-21 - EX-21 - GATX CORP | c55369exv21.htm |
| EX-32 - EX-32 - GATX CORP | c55369exv32.htm |
| EX-31.1 - EX-31.1 - GATX CORP | c55369exv31w1.htm |
| EX-31.2 - EX-31.2 - GATX CORP | c55369exv31w2.htm |
| EX-10.24 - EX-10.24 - GATX CORP | c55369exv10w24.htm |
| EX-10.23 - EX-10.23 - GATX CORP | c55369exv10w23.htm |
| EX-10.25 - EX-10.25 - GATX CORP | c55369exv10w25.htm |
| 10-K - FORM 10-K - GATX CORP | c55369e10vk.htm |
Exhibit 12
GATX
CORPORATION AND SUBSIDIARIES
COMPUTATION
OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
AND
PREFERRED STOCK DIVIDENDS
| Year Ended December 31 | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| In millions, except ratios | ||||||||||||||||||||
|
Earnings available for fixed charges:
|
||||||||||||||||||||
|
Income from continuing operations before income taxes
|
$ | 107.9 | $ | 267.6 | $ | 255.4 | $ | 220.9 | $ | 166.3 | ||||||||||
|
Add (deduct):
|
||||||||||||||||||||
|
Share of affiliates’ earnings, net of distributions received
|
7.0 | (34.4 | ) | (36.3 | ) | (39.9 | ) | (33.5 | ) | |||||||||||
|
Total fixed charges
|
236.9 | 230.2 | 230.7 | 244.8 | 229.4 | |||||||||||||||
|
Total earnings available for fixed charges
|
$ | 351.8 | $ | 463.4 | $ | 449.8 | $ | 425.8 | $ | 362.2 | ||||||||||
|
Fixed charges:
|
||||||||||||||||||||
|
Interest expense
|
$ | 168.0 | $ | 151.6 | $ | 141.4 | $ | 143.6 | $ | 114.5 | ||||||||||
|
Capitalized interest
|
— | — | 0.1 | 0.1 | — | |||||||||||||||
|
Interest portion of operating lease expense
|
68.8 | 78.5 | 89.1 | 101.0 | 114.8 | |||||||||||||||
|
Preferred dividends on pre-tax basis
|
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||
|
Total fixed charges
|
$ | 236.9 | $ | 230.2 | $ | 230.7 | $ | 244.8 | $ | 229.4 | ||||||||||
|
Ratio of earnings to fixed charges
|
1.49 | 2.01 | 1.95 | 1.74 | 1.58 | |||||||||||||||
113