Attached files
| file | filename |
|---|---|
| EX-99.2 - EX-99.2 - GATX CORP | d466621dex992.htm |
| 8-K - 8-K - GATX CORP | d466621d8k.htm |
Exhibit 99.1
GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(In millions, except per share data)
| Year Ended December 31 | ||||||||||||
| 2011 | 2010 | 2009 | ||||||||||
| Revenues |
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| Lease revenues |
$ | 900.1 | $ | 860.4 | $ | 892.3 | ||||||
| Marine operating revenues |
230.0 | 198.4 | 141.2 | |||||||||
| Other revenue |
61.4 | 55.2 | 50.1 | |||||||||
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| Total Revenues |
1,191.5 | 1,114.0 | 1,083.6 | |||||||||
| Expenses |
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| Maintenance expense |
277.5 | 268.2 | 270.7 | |||||||||
| Marine operating expense |
165.6 | 138.0 | 95.3 | |||||||||
| Depreciation |
226.5 | 217.0 | 217.7 | |||||||||
| Operating lease expense |
132.0 | 140.2 | 136.6 | |||||||||
| Other operating expense |
27.9 | 31.5 | 21.9 | |||||||||
| Selling, general and administrative |
155.3 | 134.8 | 127.8 | |||||||||
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| Total Expenses |
984.8 | 929.7 | 870.0 | |||||||||
| Other Income (Expense) |
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| Net gain on asset dispositions |
65.8 | 41.1 | 29.5 | |||||||||
| Interest expense, net |
(168.9 | ) | (167.1 | ) | (167.5 | ) | ||||||
| Other income (expense) |
4.0 | 1.0 | 3.3 | |||||||||
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| Income before Income Taxes and Share of Affiliates’ Earnings |
107.6 | 59.3 | 78.9 | |||||||||
| Income Taxes |
(29.2 | ) | (7.0 | ) | (13.3 | ) | ||||||
| Share of affiliates’ earnings (net of tax) |
32.4 | 28.5 | 15.8 | |||||||||
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| Net Income |
$ | 110.8 | $ | 80.8 | $ | 81.4 | ||||||
| Other Comprehensive Income, net of taxes |
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| Foreign currency translation adjustments |
(39.6 | ) | (28.4 | ) | 18.3 | |||||||
| Unrealized (loss) gain on securities |
(0.2 | ) | 1.3 | (0.1 | ) | |||||||
| Unrealized loss on derivative instruments |
(0.5 | ) | (3.5 | ) | (4.8 | ) | ||||||
| Post-retirement benefit plans |
(18.8 | ) | 5.1 | (12.7 | ) | |||||||
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| Other comprehensive (loss) income |
(59.1 | ) | (25.5 | ) | 0.7 | |||||||
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| Comprehensive Income |
$ | 51.7 | $ | 55.3 | $ | 82.1 | ||||||
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| Per Share Data |
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| Basic |
$ | 2.39 | $ | 1.75 | $ | 1.74 | ||||||
| Average number of common shares |
46.4 | 46.1 | 46.6 | |||||||||
| Diluted |
$ | 2.35 | $ | 1.72 | $ | 1.70 | ||||||
| Average number of common shares and common share equivalents |
47.2 | 47.0 | 48.8 | |||||||||
| Dividends declared per common share |
$ | 1.16 | $ | 1.12 | $ | 1.12 | ||||||