GATX Corporation (GATX) Financial Statements (2024 and earlier)

Company Profile

Business Address 233 SOUTH WACKER DRIVE
CHICAGO, IL 60606-7147
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments452344292151100297
Cash and cash equivalents304344292151100297
Short-term investments 149     
Receivables717075878783
Total current assets:524414367238187380
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  2389
Operating lease, right-of-use asset244271336414
Property, plant and equipment8,2507,7857,1716,7076,5506,192
Long-term investments and receivables575588585513465441
Long-term investments575588585513465441
Intangible assets, net (including goodwill)117123144828386
Goodwill117123144828386
Prepaid expense1342    
Total noncurrent assets:9,1998,8108,2737,7247,0976,719
Other undisclosed assets350317298323333324
TOTAL ASSETS:10,0729,5428,9388,2857,6177,422
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt171824161114
Total current liabilities:171824161114
Noncurrent Liabilities
Liabilities, other than long-term debt1,0691,04143344329
Deferred income tax liabilities1,0321,001  
Other liabilities374043344329
Total noncurrent liabilities:1,0691,04143344329
Other undisclosed liabilities6,9566,4636,9146,4005,6755,596
Total liabilities:8,0427,5236,9806,4505,8295,630
Equity
Equity, attributable to parent2,0302,0191,9571,8351,7881,793
Common stock424242424242
Treasury stock, value(1,425)(1,378)(1,365)(1,365)(1,215)(1,099)
Additional paid in capital792764735720706698
Accumulated other comprehensive loss(212)(161)(138)(164)(165)(110)
Retained earnings2,8322,7522,6822,6012,4192,262
Total equity:2,0302,0191,9571,8351,7881,793
TOTAL LIABILITIES AND EQUITY:10,0729,5428,9388,2857,6177,422

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,2731,2571,2091,3941,3611,377
Operating lease, lease income1,1451,1341,0801,083
Cost of revenue(1)(0)(1)(1) (1)
Provision for loan, lease, and other losses(1)(0)(1)(1) 
Financial services costs(1)
Gross profit:1,2731,2571,2091,3931,3611,376
Operating expenses(933)(961)(922)(1,078)(1,048)(1,045)
Operating income:340297286315313331
Nonoperating expense
(Other Nonoperating expense)
(27)(4)(13)(8)(22)(11)
Interest and debt expense(214)(204)(190)(187)(169)(161)
Other undisclosed income from continuing operations before equity method investments, income taxes7810642637355
Income from continuing operations before equity method investments, income taxes:177195125183195214
Income from equity method investments34162775044
Income from continuing operations before income taxes:211196188260245258
Income tax expense (benefit)(55)(53)(37)(48)(34)244
Income from continuing operations:156143150211211502
Income before gain (loss) on sale of properties:143151211211502
Income from discontinued operations   1   
Net income attributable to parent:156143151211211502
Undistributed earnings (loss) allocated to participating securities, basic      
Net income available to common stockholders, diluted:156143151211211502

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:156143151211211502
Other comprehensive income (loss)   (1)5(38)47
Comprehensive income:156143150216173549
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(51)(23)27(4)355
Comprehensive income, net of tax, attributable to parent:105120177212176604

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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