GATX CORP

Listed Company

GATXCIK 0000040211NYSELarge AcceleratedTransportation ServicesNew YorkFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$333.30M

Total Assets

$18.00B

Equity

$2.75B

Shares Out

35.50M

Op. Cash Flow

$648.10M

Business

GATX CORP is a global lessor that owns and leases railcars, locomotives and aircraft spare engines and manages related leasing businesses. It offers full-service and net leases of tank cars, freight cars and locomotives, aircraft spare engine leasing and management, maintenance and repair services, and tank container leasing and fleet management. The company reports through Rail North America, Rail International, Engine Leasing and an Other segment that includes Trifleet tank container operations. GATX operates across North America, Europe and India, serving transportation, chemical, petroleum and food/agriculture customers through direct leasing, joint ventures and maintenance networks.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Income	333	284	259	—	—
Foreign currency translation adjustments	109	−54	46	−57	−52
Unrealized (loss) gain on derivative instruments	−20	1	1	1	2
Post-retirement benefit plans	900,000	11	−3	4	27
Other comprehensive income (loss)	91	−42	44	−51	−23
Comprehensive Income	424	242	303	—	—
Less: Comprehensive Loss Attributable to Non-Controlling Interest	−14	0	0	—	—
Comprehensive Income	438	242	303	105	120

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	743	402	451	304	344
Restricted Cash	4,242	200,000	100,000	300,000	200,000
Rent and other receivables	109	87	88	71	70
Less: allowance for losses	−6	−6	−6	—	—
Receivables, net	207	199	218	—	—
Property, Plant and Equipment, Gross	15,663	14,331	13,082	11,675	11,164
Less: allowance for depreciation	−4,252	−3,881	−3,671	−3,425	−3,379
Net operating assets and facilities	11,411	10,450	9,411	8,250	7,785
Right-of-use assets, net of accumulated depreciation	137	165	212	244	271
Investments in Affiliated Companies	732	663	627	575	588
Goodwill	126	114	120	117	123
Other Assets	401	303	287	271	265
Total Assets	18,000	12,297	11,326	10,072	9,542
Accounts Payable and Accrued Expenses	318	217	240	202	216
Borrowings under bank credit facilities	82	10	11	17	18
Recourse debt	12,452	8,215	7,388	6,432	5,888
Debt, Long-term and Short-term, Combined Amount	12,534	8,226	7,399	6,449	5,906
Operating leases	154	180	227	258	286
Deferred Income Taxes	1,196	1,127	1,081	1,032	1,001
Other Liabilities	162	108	106	102	112
Total Liabilities	14,364	9,858	9,053	8,042	7,523
Common stock, $0.625 par value: Authorized shares 120,000,000 Issued shares 69,316,358 and 69,075,329 Outstanding shares 35,400,021 and 35,575,691	43	43	43	42	42
Additional paid in capital	875	847	816	792	764
Retained earnings	3,451	3,208	3,010	2,832	2,752
Accumulated other comprehensive loss	−105	−210	−168	−212	−161
Treasury stock at cost (in shares)	34	33	33	33	—
Treasury stock at cost (33,916,337 and 33,499,638 shares)	−1,514	−1,449	−1,428	—	—
Equity, Including Portion Attributable to Noncontrolling Interest	3,635	2,439	2,273	—	—
Total Equity	2,751	2,439	2,273	2,030	2,019
Shareholders equity	885	0	—	—	—
Total Equity	18,000	12,297	11,326	10,072	9,542
Title of 12(b) Security	104	118	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	452	421	392	371	378
Gains on sales of assets	−140	−138	−131	−121	−99
Asset Impairment Charges	4	0	2	49	2
Employee benefit plans	−200,000	−800,000	−4	2	9
Share-based compensation expense	25	23	18	—	—
Deferred income taxes	53	46	38	36	34
Share of affiliates earnings, net of dividends	−67	−33	−47	13	−1
Other	−12	−900,000	−6	15	24
Portfolio investments and capital additions	−1,317	−1,674	−1,665	−1,256	−1,132
Portfolio proceeds	275	231	273	270	187
Proceeds from sales of other assets	37	25	20	31	55
Short-term investments	0	0	150	−149	—
Payment for (Proceeds from) Other Investing Activity	3	2	3	30	−28
Net cash used in investing activities	−1,017	−1,417	−1,219	−1,074	−918
Net proceeds from issuances of debt (original maturities longer than 90 days)	4,842	1,296	1,420	848	1,492
Repayments of debt (original maturities longer than 90 days)	−733	−414	−500	−250	−884
Net increase (decrease) in debt with original maturities of 90 days or less	70	0	−7	0	−4
Payments on capital lease obligations	0	−30	0	−2	−77
Stock repurchases	−65	−22	−3	−47	−13
Dividends	−90	−85	−81	−77	−74
GABX equity contribution from non-controlling interest	899	0	0	—	—
Other (add shares used to pay taxes)	22	26	14	31	24
Net cash (used in) provided by financing activities	4,945	771	844	504	463
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	7	−5	2	−5	−2
Net increase (decrease) in Cash, Cash Equivalents, and Restricted Cash during the year	4,583	−49	147	−41	52
Interest Paid, Excluding Capitalized Interest, Operating Activity	413	350	260	—	—
Net cash provided by operating activities	648	602	520	534	507
Payments to Acquire Assets Previously Leased, Investing Activities	−15	0	0	—	—
Non-cash financing lease transactions	0	30	0	—	—

Filings

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