CSX CORP

10-K & 10-Q Filings

CSX Corporation is a leading transportation company based in Jacksonville, Florida. Its principal operating subsidiary, CSX Transportation, Inc. (CSXT), provides rail-based freight transportation services through an approximately 20,000 route-mile rail network. CSXT serves major population centers in 26 states east of the Mississippi River, the District of Columbia, and Canadian provinces Ontario and Quebec. The company's business model focuses on developing and maintaining a scheduled service plan, improving customer service, optimizing assets, and increasing employee engagement. CSX's lines of business include merchandise, intermodal, coal, and trucking. The company had over 23,000 employees as of December 2023, with approximately 17,700 of them being rail union members. CSXT's rail operations are subject to various federal, state, provincial, and local laws and regulations. The company's website is www.csx.com, and its ticker symbol is CSX.

12 mos ending Dec 30, 201112 mos ending Dec 28, 201212 mos ending Dec 27, 201312 mos ending Dec 26, 201412 mos ending Dec 25, 201512 mos ending Dec 30, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$11743.00
11756.00
12026.00
12669.00
11811.00
11069.00
11408.00
11611.00
11200.00
9829.00
11800.00
14111.00
13848.00
3505.00
3471.00
1.38%-0.97%Cost of Revenue (-)
$1668.00
1672.00
1656.00
1616.00
957.00
713.00
864.00
1046.00
906.00
541.00
913.00
1626.00
1377.00
364.00
325.00
-1.58%-10.71%Gross Profit (+)
$10075.00
10084.00
10370.00
11053.00
10854.00
10356.00
10544.00
10565.00
10294.00
9288.00
10887.00
12485.00
12471.00
3141.00
3146.00
1.79%0.16%Selling, General & Administrative (-)
$3452.00
3412.00
3138.00
3377.00
3290.00
3159.00
2914.00
2738.00
2616.00
2275.00
2550.00
2861.00
3024.00
723.00
798.00
-1.10%10.37%Depreciation & Amortization (-)
$976.00
1059.00
1104.00
1151.00
1208.00
1301.00
1315.00
1331.00
1349.00
1383.00
1420.00
1500.00
1611.00
393.00
410.00
4.26%4.33%Non-recurring Operating Expenses (-)
$
325.00
Operating Expenses (-)
$6657.00
6627.00
6897.00
7440.00
8227.00
7680.00
7741.00
7381.00
6972.00
6221.00
6928.00
8830.00
9096.00
2242.00
2327.00
2.64%3.79%Costs & Expenses (Total) (-)
$8325.00
8299.00
8553.00
9056.00
9184.00
8393.00
8605.00
8427.00
7878.00
6762.00
7841.00
10456.00
10473.00
2606.00
2652.00
1.93%1.77%Operating Income/Loss (+)
$3418.00
3457.00
3473.00
3613.00
3584.00
3389.00
3667.00
4869.00
4965.00
4362.00
5594.00
6023.00
5561.00
1464.00
1354.00
4.14%-7.51%Non-operating Income/Expense (+)
$22.00
73.00
11.00
-24.00
98.00
46.00
240.00
170.00
179.00
19.00
79.00
133.00
139.00
41.00
41.00
16.60%0.00%Interest Expense (-)
$552.00
566.00
562.00
545.00
544.00
579.00
546.00
Earnings before Tax (+)
$2888.00
2964.00
2922.00
3044.00
3138.00
2741.00
3142.00
4304.00
4316.00
3627.00
4951.00
5414.00
4891.00
1304.00
1185.00
4.49%-9.13%Tax Expense (-)
$1066.00
1105.00
1058.00
1117.00
1170.00
1027.00
-2329.00
995.00
985.00
862.00
1170.00
1248.00
1176.00
317.00
292.00
0.82%-7.89%Income/Loss (Continuing Operations) (+)
$1822.00
1859.00
1864.00
1927.00
1968.00
1714.00
5471.00
3309.00
3331.00
2765.00
3781.00
4166.00
3715.00
987.00
893.00
6.12%-9.52%Income/Loss (Discontinued Operations) (+)
$
Net Income/Loss (+)
$1822.00
1859.00
1864.00
1927.00
1968.00
1714.00
5471.00
3309.00
3331.00
2765.00
3781.00
4166.00
3715.00
987.00
893.00
6.12%-9.52%Net Income/Loss (Common) (+)
$1822.00
1859.00
1864.00
1927.00
1968.00
1714.00
5471.00
3309.00
3331.00
2765.00
3781.00
4166.00
3715.00
987.00
893.00
6.12%-9.52%EPS (Basic)
$1.68
1.79
1.83
1.93
2.00
1.81
6.01
3.86
4.18
3.61
1.68
1.95
1.85
0.48
0.46
0.81%-4.17%EPS (Diluted)
$1.67
1.79
1.83
1.92
2.00
1.81
5.99
3.84
4.17
3.60
1.68
1.95
1.85
0.48
0.46
0.86%-4.17%Weighted Avg Shares (Basic)
1083.00
1038.00
1019.00
1001.00
983.00
947.00
911.00
857.00
796.00
766.00
2250.00
2136.00
2008.00
2054.00
1958.00
5.28%-4.67%Weighted Avg Shares (Diluted)
1089.00
1040.00
1019.00
1002.00
984.00
948.00
914.00
861.00
798.00
768.00
2255.00
2141.00
2013.00
2058.00
1962.00
5.25%-4.66%Cash
$783.00
784.00
592.00
669.00
628.00
603.00
401.00
858.00
958.00
3129.00
2239.00
1958.00
1353.00
1291.00
1483.00
4.66%14.87%Short-term Investments
$523.00
587.00
487.00
292.00
810.00
417.00
18.00
253.00
996.00
2.00
77.00
129.00
83.00
178.00
2.00
-14.22%-98.88%Receivables
$1129.00
962.00
1052.00
1129.00
982.00
938.00
970.00
1010.00
986.00
912.00
1148.00
1313.00
1393.00
1377.00
1400.00
1.77%1.67%Other Assets (Current)
$500.00
468.00
471.00
482.00
546.00
529.00
526.00
444.00
338.00
398.00
409.00
449.00
555.00
509.00
587.00
0.87%15.32%Assets (Current)
$2935.00
2801.00
2602.00
2572.00
2966.00
2487.00
1915.00
2565.00
3278.00
4441.00
3873.00
3849.00
3384.00
3355.00
3472.00
1.19%3.49%Securities & Long-term Investments
$1171.00
1206.00
1298.00
1356.00
1394.00
1459.00
1686.00
1779.00
897.00
1985.00
2099.00
2292.00
2397.00
2313.00
2424.00
6.15%4.80%Property, Plant & Equipment (Net)
$24974.00
26050.00
54582.00
28584.00
30174.00
31150.00
31764.00
31998.00
32168.00
32444.00
33015.00
34242.00
34935.00
34293.00
35056.00
2.84%2.22%Accumulated Depreciation
$8730.00
9229.00
9893.00
10759.00
11400.00
12077.00
12560.00
12807.00
12932.00
13086.00
13490.00
13863.00
15385.00
14148.00
15605.00
4.84%10.30%Other Assets
$29866.00
514.00
591.00
541.00
505.00
318.00
374.00
387.00
400.00
451.00
1043.00
1024.00
1194.00
1028.00
1236.00
-23.53%20.23%Assets (Non-current)
$26538.00
27770.00
29180.00
30481.00
32073.00
32700.00
33500.00
34164.00
34979.00
35352.00
36658.00
38063.00
39024.00
38123.00
39223.00
3.27%2.89%Assets (Total)
$29473.00
30571.00
31782.00
33053.00
35039.00
35414.00
35739.00
36729.00
38257.00
39793.00
40531.00
41912.00
42408.00
41478.00
42695.00
3.08%2.93%Accounts Payable
$1817.00
1567.00
1635.00
1621.00
1362.00
1480.00
1606.00
1605.00
1601.00
1364.00
1727.00
1948.00
2279.00
1931.00
2075.00
1.91%7.46%Debt (Current)
$507.00
780.00
533.00
228.00
20.00
331.00
19.00
18.00
245.00
401.00
181.00
151.00
558.00
11.00
557.00
0.80%4963.64%Other Liabilities (Current)
$363.00
280.00
256.00
258.00
570.00
229.00
269.00
292.00
305.00
254.00
325.00
372.00
387.00
379.00
392.00
0.53%3.43%Liabilities (Current)
$2687.00
2627.00
2424.00
2107.00
1952.00
2040.00
1894.00
1915.00
2151.00
2019.00
2233.00
2471.00
3224.00
2321.00
3024.00
1.53%30.29%Debt (Non-current)
$8734.00
9052.00
9022.00
9514.00
10683.00
10962.00
11790.00
14739.00
16486.00
16304.00
16185.00
17896.00
17975.00
17911.00
17944.00
6.20%0.18%Other Liabilities
$9584.00
9890.00
9832.00
10256.00
10736.00
10718.00
7334.00
7495.00
7757.00
8360.00
8613.00
8920.00
9076.00
8912.00
9125.00
-0.45%2.39%Liabilities (Non-current)
$18318.00
18942.00
18854.00
19770.00
21419.00
21680.00
19124.00
22234.00
24243.00
24664.00
24798.00
26816.00
27051.00
26823.00
27069.00
3.30%0.92%Liabilities (Total)
$21005.00
21569.00
21278.00
21877.00
23371.00
23720.00
21018.00
24149.00
26394.00
26683.00
27031.00
29287.00
30275.00
29144.00
30093.00
3.09%3.26%Retained Earnings
$8275.00
8876.00
9936.00
10734.00
11238.00
11253.00
14084.00
12157.00
11404.00
12527.00
11630.00
10363.00
9790.00
10092.00
10205.00
1.41%1.12%AOCI
$-875.00
-936.00
-523.00
-666.00
-665.00
-640.00
-486.00
-661.00
-675.00
-598.00
-408.00
-388.00
-312.00
-386.00
-306.00
20.73%Shareholder's Equity
$8468.00
9002.00
10504.00
11176.00
11668.00
11694.00
14721.00
12580.00
11863.00
13110.00
13500.00
12625.00
12133.00
12334.00
12602.00
3.04%2.17%Liabilities & Equity
$29473.00
30571.00
31782.00
33053.00
35039.00
35414.00
35739.00
36729.00
38257.00
39793.00
40531.00
41912.00
42408.00
41478.00
42695.00
3.08%2.93%Net Income/Loss
$1822.00
1859.00
1864.00
1927.00
1968.00
1714.00
5471.00
3309.00
3331.00
2765.00
3781.00
4166.00
3715.00
987.00
893.00
6.12%-9.52%Depreciation & Amortization
$976.00
1059.00
1104.00
1151.00
1208.00
1301.00
1315.00
1331.00
1349.00
1383.00
1420.00
1500.00
1611.00
393.00
410.00
4.26%4.33%Increase/Decrease in Working Capital
$-119.00
59.00
-104.00
36.00
194.00
-69.00
-35.00
-8.00
-117.00
-2.00
-173.00
-91.00
-122.00
125.00
214.00
71.20%Share-based Compensation
$
-275.00
-250.00
Adjustments to Reconcile Net Income
$1669.00
1087.00
1403.00
1416.00
1402.00
1327.00
-1999.00
1332.00
1519.00
1498.00
1318.00
1453.00
1834.00
264.00
191.00
0.79%-27.65%Net Cash (Operating)
$3491.00
2946.00
3267.00
3343.00
3370.00
3041.00
3472.00
4641.00
4850.00
4263.00
5099.00
5619.00
5549.00
1251.00
1084.00
3.94%-13.35%Capital Expenditure
$2057.00
2155.00
2260.00
2387.00
2415.00
2203.00
1943.00
1426.00
1403.00
1570.00
1803.00
2114.00
2260.00
437.00
550.00
0.79%25.86%Net Cash (Investing)
$-2587.00
-2277.00
-2227.00
-2183.00
-2892.00
-1798.00
-1495.00
-1684.00
-2102.00
-649.00
-1877.00
-2131.00
-2287.00
-480.00
-504.00
-5.00%Increase/Decrease in Debt
$595.00
592.00
-280.00
67.00
971.00
781.00
517.00
2981.00
1482.00
255.00
-426.00
1814.00
447.00
-142.00
-2.00
-2.36%98.59%Increase/Decrease in Equity
$-1564.00
-734.00
-353.00
-517.00
-804.00
-1056.00
-1970.00
-4671.00
-3373.00
-867.00
-2886.00
-4731.00
-3482.00
-1067.00
-247.00
76.85%Interest Expenses
$574.00
592.00
595.00
575.00
566.00
606.00
555.00
614.00
717.00
750.00
718.00
729.00
806.00
2.87%Dividends Paid
$480.00
558.00
600.00
629.00
686.00
680.00
708.00
751.00
763.00
797.00
839.00
852.00
882.00
226.00
235.00
5.20%3.98%Net Cash (Financing)
$-1413.00
-668.00
-1232.00
-1083.00
-519.00
-1268.00
-2179.00
-2500.00
-2648.00
-1443.00
-4112.00
-3769.00
-3867.00
-1438.00
-450.00
68.71%Cash Taxes Paid
$359.00
506.00
824.00
741.00
768.00
580.00
911.00
814.00
691.00
664.00
931.00
1167.00
630.00
4.80%Increase/Decrease in Cash
$-509.00
1.00
-192.00
77.00
-41.00
-25.00
-202.00
457.00
100.00
2171.00
-890.00
-281.00
-605.00
-667.00
130.00
119.49%Cash (Beginning)
$1292.00
783.00
784.00
592.00
669.00
628.00
603.00
401.00
858.00
958.00
3129.00
2239.00
1958.00
1958.00
1353.00
3.53%-30.90%Cash (Ending)
$783.00
784.00
592.00
669.00
628.00
603.00
401.00
858.00
958.00
3129.00
2239.00
1958.00
1353.00
1291.00
1483.00
4.66%14.87%NOPAT
$2993.12
2866.84
2493.62
2733.49
2706.85
2671.88
6385.15
3948.14
4170.09
3563.44
4542.09
4724.73
4844.70
1108.10
1020.36
4.09%-7.92%Gross Margin %
85.80%
85.78%
86.23%
87.24%
91.90%
93.56%
92.43%
90.99%
91.91%
94.50%
92.26%
88.48%
90.06%
89.61%
90.64%
Operating Margin %
29.11%
29.41%
28.88%
28.52%
30.34%
30.62%
32.14%
41.93%
44.33%
44.38%
47.41%
42.68%
40.16%
41.77%
39.01%
NOPAT Margin %
25.49%
24.39%
20.74%
21.58%
22.92%
24.14%
55.97%
34.00%
37.23%
36.25%
38.49%
33.48%
34.98%
31.61%
29.40%
Net Margin %
15.52%
15.81%
15.50%
15.21%
16.66%
15.48%
47.96%
28.50%
29.74%
28.13%
32.04%
29.52%
26.83%
28.16%
25.73%
Tax Rate %
12.43%
17.07%
28.20%
24.34%
24.47%
21.16%
-74.12%
18.91%
16.01%
18.31%
18.80%
21.56%
12.88%
24.31%
24.64%
ROA
10.16%
9.38%
7.85%
8.27%
7.73%
7.54%
17.87%
10.75%
10.90%
8.95%
11.21%
11.27%
11.42%
2.67%
2.39%
ROE
35.35%
31.85%
23.74%
24.46%
23.20%
22.85%
43.37%
31.38%
35.15%
27.18%
33.65%
37.42%
39.93%
8.98%
8.10%
ROIC
12.03%
10.99%
4.58%
9.55%
8.98%
8.59%
20.34%
12.29%
12.89%
10.85%
13.58%
13.56%
13.76%
3.27%
2.95%
Asset Turnover
0.40
0.38
0.38
0.38
0.34
0.31
0.32
0.32
0.29
0.25
0.29
0.34
0.33
0.08
0.08
Equity Multiplier
3.48
3.40
3.03
2.96
3.00
3.03
2.43
2.92
3.22
3.04
3.00
3.32
3.50
3.36
3.39
Current Ratio
1.09
1.07
1.07
1.22
1.52
1.22
1.01
1.34
1.52
2.20
1.73
1.56
1.05
1.45
1.15
Quick Ratio
0.91
0.89
0.88
0.99
1.24
0.96
0.73
1.11
1.37
2.00
1.55
1.38
0.88
1.23
0.95
Debt/Equity Ratio
1.09
1.09
0.91
0.87
0.92
0.97
0.80
1.17
1.41
1.27
1.21
1.43
1.53
1.45
1.47
Interest Coverage Ratio
5.95
5.84
5.84
6.28
6.33
5.59
6.61
7.93
6.92
5.82
7.79
8.26
6.90
Working Capital/Sales
-0.01
0.00
-0.01
0.00
-0.00
-0.00
-0.03
0.01
0.02
0.04
0.04
0.04
0.02
-0.11
-0.15
Dividend Payout Ratio %
16.04%
19.46%
24.06%
23.01%
25.34%
25.45%
11.09%
19.02%
18.30%
22.37%
18.47%
18.03%
18.21%
20.40%
23.03%
Total Payout
$2023.00
1292.00
1828.00
1654.00
1085.00
1561.00
2716.00
3055.00
3371.00
2159.00
4869.00
4498.00
4723.00
1435.00
484.00
7.32%-66.27%Payout Ratio %
67.59%
45.07%
73.31%
60.51%
40.08%
58.42%
42.54%
77.38%
80.84%
60.59%
107.20%
95.20%
97.49%
129.50%
47.43%