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 | ||||||||||||
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 | ||||||||||||
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) | ||||||||||||
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 | ||||||||||||
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 | ||||||||||||
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 |