Attached files
| file | filename |
|---|---|
| 10-K - 10-K - GATX CORP | gmt20151231-10k.htm |
| EX-23 - EXHIBIT 23 - GATX CORP | gmt-20151231xexhibit23.htm |
| EX-24.2 - EXHIBIT 24.2 - GATX CORP | gmt-20151231xexhibit242.htm |
| EX-24.1 - EXHIBIT 24.1 - GATX CORP | gmt-20151231xexhibit241.htm |
| EX-31.1 - EXHIBIT 31.1 - GATX CORP | gmt-20151231xexhibit311.htm |
| EX-24.5 - EXHIBIT 24.5 - GATX CORP | gmt-20151231xexhibit245.htm |
| EX-24.7 - EXHIBIT 24.7 - GATX CORP | gmt-20151231xexhibit247.htm |
| EX-32 - EXHIBIT 32 - GATX CORP | gmt-20151231xexhibit32.htm |
| EX-21 - EXHIBIT 21 - GATX CORP | gmt-20151231xexhibit21.htm |
| EX-24.9 - EXHIBIT 24.9 - GATX CORP | gmt-20151234xexhibit249.htm |
| EX-31.2 - EXHIBIT 31.2 - GATX CORP | gmt-20151231xexhibit312.htm |
| EX-24.3 - EXHIBIT 24.3 - GATX CORP | gmt-20151231xexhibit243.htm |
| EX-24.6 - EXHIBIT 24.6 - GATX CORP | gmt-20151231xexhibit246.htm |
| EX-24.8 - EXHIBIT 24.8 - GATX CORP | gmt-20151231xexhibit248.htm |
| XML - IDEA: XBRL DOCUMENT - GATX CORP | R9999.htm |
| EX-24.4 - EXHIBIT 24.4 - GATX CORP | gmt-20151231xexhibit244.htm |
Exhibit 12
GATX CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(In millions, except ratios)
Year Ended December 31 | |||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Earnings available for fixed charges: | |||||||||||||||||||
Income before income taxes and share of affiliates' earnings | $ | 270.3 | $ | 231.2 | $ | 159.0 | $ | 143.8 | $ | 107.6 | |||||||||
Add: | |||||||||||||||||||
Dividends from affiliated companies | 32.2 | 40.0 | 34.4 | 35.1 | 29.2 | ||||||||||||||
Total fixed charges | 191.5 | 206.6 | 224.1 | 227.0 | 232.6 | ||||||||||||||
Total earnings available for fixed charges | $ | 494.0 | $ | 477.8 | $ | 417.5 | $ | 405.9 | $ | 369.4 | |||||||||
Fixed charges: | |||||||||||||||||||
Interest expense | $ | 156.2 | $ | 159.3 | $ | 167.8 | $ | 168.5 | $ | 169.6 | |||||||||
Interest portion of operating lease expense | 35.3 | 47.3 | 56.0 | 58.5 | 62.9 | ||||||||||||||
Preferred dividends on pretax basis | — | — | 0.3 | — | 0.1 | ||||||||||||||
Total fixed charges | $ | 191.5 | $ | 206.6 | $ | 224.1 | $ | 227.0 | $ | 232.6 | |||||||||
Ratio of earnings to fixed charges | 2.58 | 2.31 | 1.86 | 1.79 | 1.59 | ||||||||||||||