Gatx Corp – ‘10-K’ for 12/31/93 – EX-11.A

As of:  Monday, 3/21/94   ·   For:  12/31/93   ·   Accession #:  40211-94-1   ·   File #:  1-02328

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report on Form 10K                             32    124K 
 2: EX-10.C     Material Contract                                      9     32K 
 3: EX-10.J     Gatx EX-10.J                                           4     12K 
 4: EX-11.A     Gatx EX-11.A                                           1      7K 
 5: EX-11.B     Statement re: Computation of Earnings Per Share        2±     8K 
 6: EX-12       Gatx EX-12                                             2±    10K 
 7: EX-13       Gatx EX-13                                            37    179K 
 8: EX-22       Gatx EX-22                                             1      6K 
 9: EX-24       Gatx EX-24                                             1      6K 
10: EX-25       Gatx EX-25                                            10     19K 

EX-11.A   —   Gatx EX-11.A

                                                                [Download Table]
                                                                 EXHIBIT 11.A 
                        GATX CORPORATION AND SUBSIDIARIES                     

                  COMPUTATION OF NET INCOME (LOSS) PER SHARE OF               
                    COMMON STOCK AND COMMON STOCK EQUIVALENTS                 


                                             Year Ended December 31           
                                    1993    1992   1991    1990   1989        
                                     (In millions, except per share amounts)  
                                                                              
Average number of shares                                                      
 of Common Stock outstanding         19.6    19.4   19.3    19.1  18.2        
Shares issuable upon                                                          
 assumed conversion of 5 3/4%                                                 
 Convertible Subordinated Debentures     -      -      -       -    .8        
Shares issuable upon assumed exercise                                         
 of stock options, reduced by the                                             
 number of shares which could have                                            
 been purchased with the proceeds                                             
 from exercise of such options         .3       *     .2      .2     .2       
                                   ------  ------ ------  ------ ------       

Total                                19.9    19.4   19.5    19.3   19.2       
                                   ======  ====== ======  ====== ======       

Net income (loss)                  $ 72.7  $(16.5)$ 82.7  $ 82.9 $ 65.7       
Deduct - Dividends paid and                                                   
  accrued on Preferred Stock         13.3    13.3   13.3    13.4    5.4       
                                   ------  ------ ------  ------ ------       
Income (loss) applicable to Common Stock  59.4 (29.8)  69.4  69.5  60.3       
Add - Interest on 5 3/4% Convertible                                          
 Subordinated Debentures, less                                                
 applicable income taxes                -       -      -       -     .8       
                                   ------  ------ ------  ------ ------       

Net income (loss), as adjusted     $ 59.4  $(29.8)$ 69.4  $ 69.5 $ 61.1       
                                   ======  ====== ======  ====== ======       

Net income (loss) per share        $ 2.99  $(1.53)$ 3.56  $ 3.61 $ 3.18       
                                   ======  ====== ======  ====== ======       

*   Common share equivalents are not considered in the computation of loss per
share.                                                                        

  -32-
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