Cash flow CSX Corporation

Equities

CSX

US1264081035

Ground Freight & Logistics

Market Closed - Nasdaq Other stock markets 21:00:00 05/12/2025 GMT			5-day change	1st Jan Change
36.30 ^USD	+0.33%		+2.66%	+12.49%

12-02	CSX Corporation Presents at UBS Global Industrials and Transportation Conference, Dec-02-2025 08:50 AM
11-11	CSX Corporation Presents at Baird 55th Annual Global Industrial Conference, Nov-11-2025 09:05 AM

817897.5begvJr0yVSBVAByfX9c3njFAe4cut0rH3lWed7P_50.vfvV-KuXoCLAGGVACyYmlCysTKVw8q1AagMRGpmes--S8uiR6pOOA7MZQQ

Published financial data: CSX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	10.58B	12.52B	14.85B	14.66B	14.54B
Total Revenues	10.58B	12.52B	14.85B	14.66B	14.54B
Cost of Goods Sold, Total	4.79B	5.88B	7.46B	7.49B	7.47B
Gross Profit	5.8B	6.64B	7.39B	7.17B	7.07B
Depreciation & Amortization - (IS)	1.38B	1.42B	1.5B	1.61B	1.66B
Other Operating Expenses, Total	1.38B	1.42B	1.5B	1.61B	1.66B
Operating Income	4.41B	5.22B	5.89B	5.56B	5.42B
Interest Expense, Total	-754M	-722M	-742M	-809M	-832M
Interest And Investment Income	17M	7M	42M	79M	85M
Net Interest Expenses	-737M	-715M	-700M	-730M	-747M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	8M	8M	12M	31M	7M
EBT, Excl. Unusual Items	3.68B	4.52B	5.2B	4.86B	4.68B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-17M	-22M	-	-
Impairment of Goodwill	-	-	-	-	-108M
Gain (Loss) On Sale Of Assets	-	454M	238M	34M	11M
Asset Writedown	-8M	-2M	-4M	-2M	-24M
Other Unusual Items	-48M	-	-	-	-
EBT, Incl. Unusual Items	3.63B	4.95B	5.41B	4.89B	4.56B
Income Tax Expense	862M	1.17B	1.25B	1.18B	1.08B
Earnings From Continuing Operations	2.76B	3.78B	4.17B	3.72B	3.47B
Net Income to Company	2.76B	3.78B	4.17B	3.72B	3.47B
Net Income - (IS)	2.76B	3.78B	4.17B	3.72B	3.47B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	2.76B	3.78B	4.17B	3.72B	3.47B
Net Income to Common Excl. Extra Items	2.76B	3.78B	4.17B	3.72B	3.47B
Per Share Items
Net EPS - Basic	1.2	1.68	1.95	1.85	1.79
Basic EPS - Continuing Operations	1.2	1.68	1.95	1.85	1.79
Basic Weighted Average Shares Outstanding	2.3B	2.25B	2.14B	2.01B	1.94B
Net EPS - Diluted	1.2	1.68	1.95	1.85	1.79
Diluted EPS - Continuing Operations	1.2	1.68	1.95	1.85	1.79
Diluted Weighted Average Shares Outstanding	2.3B	2.26B	2.14B	2.01B	1.94B
Normalized Basic EPS	1	1.25	1.52	1.51	1.51
Normalized Diluted EPS	1	1.25	1.52	1.51	1.5
Dividend Per Share	0.35	0.37	0.4	0.44	0.48
Payout Ratio	28.82	22.19	20.45	23.74	26.8
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	5.8B	6.64B	7.39B	7.17B	7.07B
EBITA	4.41B	5.22B	5.9B	5.57B	5.43B
EBIT	4.41B	5.22B	5.89B	5.56B	5.42B
EBITDAR	5.88B	6.73B	7.5B	7.28B	7.19B
Effective Tax Rate - (Ratio)	23.77	23.63	23.05	24.04	23.82
Current Domestic Taxes	682M	1B	1.13B	1.04B	1.07B
Total Current Taxes	682M	1B	1.13B	1.04B	1.07B
Deferred Domestic Taxes	180M	167M	117M	140M	12M
Total Deferred Taxes	180M	167M	117M	140M	12M
Normalized Net Income	2.3B	2.82B	3.25B	3.04B	2.92B
Interest on Long-Term Debt	6M	6M	6M	6M	6M
Non-Cash Pension Expense	-41M	-58M	-73M	-24M	-44M
Supplemental Operating Expense Items
Net Rental Expense, Total	82M	89M	109M	109M	117M
Imputed Operating Lease Interest Expense	29.1M	30.14M	36.32M	37.21M	40.58M
Imputed Operating Lease Depreciation	52.9M	58.86M	72.68M	71.79M	76.42M
Stock-Based Comp., COGS (Total)	29M	-	-	-	-
Stock-Based Comp., Other (Total)	-	107M	74M	60M	40M
Total Stock-Based Compensation	29M	107M	74M	60M	40M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.13B	2.24B	1.96B	1.35B	933M
Short Term Investments	2M	77M	129M	83M	72M
Total Cash And Short Term Investments	3.13B	2.32B	2.09B	1.44B	1B
Accounts Receivable, Total	912M	1.15B	1.31B	1.39B	1.33B
Total Receivables	912M	1.15B	1.31B	1.39B	1.33B
Inventory	302M	339M	341M	446M	414M
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	96M	70M	108M	109M	75M
Total Current Assets	4.44B	3.87B	3.85B	3.38B	2.82B
Gross Property Plant And Equipment	46B	47.01B	48.61B	50.82B	52.68B
Accumulated Depreciation	-13.09B	-13.49B	-13.86B	-15.38B	-16.53B
Net Property Plant And Equipment	32.92B	33.52B	34.75B	35.43B	36.14B
Long-term Investments	2.16B	2.28B	2.49B	2.56B	2.67B
Goodwill	-	276M	319M	325M	239M
Other Intangibles, Total	-	175M	183M	181M	194M
Other Long-Term Assets, Total	272M	414M	328M	523M	697M
Total Assets	39.79B	40.53B	41.91B	42.41B	42.76B
Liabilities
Accounts Payable, Total	809M	963M	1.13B	1.24B	1.29B
Accrued Expenses, Total	554M	711M	810M	610M	575M
Current Portion of Long-Term Debt	401M	181M	151M	558M	606M
Current Portion of Leases	45M	64M	69M	68M	73M
Current Income Taxes Payable	73M	134M	111M	525M	508M
Other Current Liabilities	137M	180M	200M	226M	224M
Total Current Liabilities	2.02B	2.23B	2.47B	3.22B	3.28B
Long-Term Debt	16.3B	16.14B	17.98B	18.06B	18.01B
Long-Term Leases	458M	525M	517M	508M	496M
Pension & Other Post Retirement Benefits	349M	313M	188M	182M	169M
Deferred Tax Liability Non Current	7.17B	7.38B	7.57B	7.75B	7.72B
Other Non Current Liabilities	388M	439M	557M	550M	581M
Total Liabilities	26.68B	27.03B	29.29B	30.28B	30.26B
Common Stock, Total	763M	2.2B	2.07B	1.96B	1.9B
Retained Earnings	12.53B	11.63B	10.36B	9.79B	9.99B
Comprehensive Income and Other	-189M	-342M	186M	379M	614M
Total Common Equity	13.1B	13.49B	12.62B	12.13B	12.5B
Minority Interest	9M	10M	10M	5M	5M
Total Equity	13.11B	13.5B	12.62B	12.13B	12.51B
Total Liabilities And Equity	39.79B	40.53B	41.91B	42.41B	42.76B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.29B	2.19B	2.06B	1.96B	1.89B
ECS Total Common Shares Outstanding	2.29B	2.2B	2.07B	1.96B	1.9B
Book Value / Share	5.73	6.13	6.1	6.19	6.58
Tangible Book Value	13.1B	13.04B	12.11B	11.62B	12.07B
Tangible Book Value Per Share	5.73	5.92	5.86	5.93	6.35
Total Debt	17.2B	16.91B	18.72B	19.2B	19.18B
Net Debt	14.07B	14.59B	16.64B	17.76B	18.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	257M	6M	-2.33B	-79M	-217M
Debt Equivalent Oper. Leases	656M	712M	872M	872M	936M
Minority Interest, Total (Incl. Fin. Div)	9M	10M	10M	5M	5M
Equity Method Investments, Total	1.98B	2.1B	2.29B	2.4B	2.52B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	1.82B	1.88B	2.27B	2.27B	2.28B
Buildings, Total	1.37B	1.39B	1.42B	1.53B	1.5B
Machinery, Total	10.23B	10.12B	10.3B	10.64B	11.16B
Full Time Employees	19.3K	20.9K	22.5K	23K	23.5K
Accumulated Allowance for Doubtful Accounts (Supple)	28M	28M	33M	32M	29M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	2.76B	3.78B	4.17B	3.72B	3.47B
Depreciation & Amortization - CF	1.38B	1.42B	1.49B	1.6B	1.65B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	10M	10M	12M
Depreciation & Amortization, Total	1.38B	1.42B	1.5B	1.61B	1.66B
(Gain) Loss From Sale Of Asset	-35M	-454M	-238M	-34M	-11M
Asset Writedown & Restructuring Costs	-	-	-	-	108M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	148M	179M	100M	135M	-52M
Change In Accounts Receivable	83M	-141M	-101M	-51M	82M
Change In Accounts Payable	-20M	128M	140M	83M	-5M
Change In Income Taxes	39M	72M	-39M	431M	-19M
Change in Other Net Operating Assets	-100M	114M	91M	-341M	16M
Cash from Operations	4.26B	5.1B	5.62B	5.55B	5.25B
Capital Expenditure	-1.63B	-1.79B	-2.13B	-2.28B	-2.53B
Sale of Property, Plant, and Equipment	56M	529M	246M	52M	66M
Cash Acquisitions	-	-541M	-227M	-31M	-70M
Investment in Marketable and Equity Securities, Total	998M	-70M	-50M	49M	25M
Other Investing Activities, Total	-77M	-4M	33M	-76M	-97M
Cash from Investing	-649M	-1.88B	-2.13B	-2.29B	-2.6B
Long-Term Debt Issued, Total	1B	-	2B	600M	550M
Total Debt Issued	1B	-	2B	600M	550M
Long-Term Debt Repaid, Total	-745M	-426M	-186M	-153M	-558M
Total Debt Repaid	-745M	-426M	-186M	-153M	-558M
Repurchase of Common Stock	-867M	-2.89B	-4.73B	-3.48B	-2.24B
Common Dividends Paid	-797M	-839M	-852M	-882M	-930M
Common & Preferred Stock Dividends Paid	-797M	-839M	-852M	-882M	-930M
Other Financing Activities, Total	-34M	39M	-	50M	113M
Cash from Financing	-1.44B	-4.11B	-3.77B	-3.87B	-3.06B
Net Change in Cash	2.17B	-890M	-281M	-605M	-420M
Supplemental Items
Cash Interest Paid	750M	718M	729M	806M	850M
Cash Income Tax Paid (Refund)	664M	931M	1.17B	630M	1.08B
Levered Free Cash Flow	1.81B	2.72B	2.72B	2.52B	2.14B
Unlevered Free Cash Flow	2.28B	3.17B	3.18B	3.02B	2.66B
Change In Net Working Capital	262M	-168M	-58M	-161M	-108M
Net Debt Issued / Repaid	255M	-426M	1.81B	447M	-8M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.07	8.13	8.93	8.24	7.97
Return on Total Capital	9.35	10.75	11.92	11.08	10.77
Return On Equity %	22.14	28.42	31.89	30.01	28.34
Return on Common Equity	22.17	28.44	31.92	30.03	28.35
Margin Analysis
Gross Profit Margin %	54.76	53.05	49.75	48.91	48.65
EBITDA Margin %	54.76	53.05	49.75	48.91	48.65
EBITA Margin %	41.69	41.71	39.72	37.99	37.33
EBIT Margin %	41.69	41.71	39.66	37.92	37.25
Income From Continuing Operations Margin %	26.13	30.19	28.05	25.35	23.87
Net Income Margin %	26.13	30.19	28.05	25.35	23.87
Net Avail. For Common Margin %	26.13	30.19	28.05	25.35	23.87
Normalized Net Income Margin	21.75	22.54	21.89	20.72	20.1
Levered Free Cash Flow Margin	17.11	21.7	18.29	17.19	14.73
Unlevered Free Cash Flow Margin	21.56	25.3	21.41	20.64	18.31
Asset Turnover
Asset Turnover	0.27	0.31	0.36	0.35	0.34
Fixed Assets Turnover	0.32	0.38	0.44	0.42	0.41
Receivables Turnover (Average Receivables)	11.15	12.16	12.07	10.83	10.7
Inventory Turnover (Average Inventory)	17.01	18.34	21.95	19.03	17.48
Short Term Liquidity
Current Ratio	2.2	1.73	1.56	1.05	0.86
Quick Ratio	2	1.55	1.38	0.88	0.71
Operating Cash Flow to Current Liabilities	2.11	2.28	2.27	1.72	1.6
Days Sales Outstanding (Average Receivables)	32.82	30.02	30.24	33.69	34.22
Days Outstanding Inventory (Average Inventory)	21.52	19.9	16.63	19.18	20.93
Average Days Payable Outstanding	70.18	54.66	51.17	56.89	62.16
Cash Conversion Cycle (Average Days)	-15.85	-4.74	-4.3	-4.02	-7
Long Term Solvency
Total Debt/Equity	131.24	125.24	148.29	158.24	153.39
Total Debt / Total Capital	56.75	55.6	59.72	61.28	60.54
LT Debt/Equity	127.83	123.43	146.55	153.08	147.97
Long-Term Debt / Total Capital	55.28	54.8	59.02	59.28	58.39
Total Liabilities / Total Assets	67.05	66.69	69.88	71.39	70.75
EBIT / Interest Expense	5.85	7.23	7.94	6.87	6.51
EBITDA / Interest Expense	7.79	9.32	10.11	9	8.64
(EBITDA - Capex) / Interest Expense	5.64	6.84	7.23	6.18	5.6
Total Debt / EBITDA	2.93	2.51	2.5	2.64	2.67
Net Debt / EBITDA	2.39	2.17	2.22	2.44	2.53
Total Debt / (EBITDA - Capex)	4.05	3.42	3.49	3.84	4.12
Net Debt / (EBITDA - Capex)	3.31	2.95	3.1	3.55	3.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-11.34	18.32	18.62	-1.32	-0.8
Gross Profit, 1 Yr. Growth %	-9.16	15.33	11.08	-2.99	-0.41
EBITDA, 1 Yr. Growth %	-9.16	15.33	11.08	-2.99	-0.41
EBITA, 1 Yr. Growth %	-12.29	19.33	12.64	-5.63	-1.42
EBIT, 1 Yr. Growth %	-12.29	19.33	12.55	-5.64	-1.46
Earnings From Cont. Operations, 1 Yr. Growth %	-16.99	36.74	10.18	-10.83	-5.4
Net Income, 1 Yr. Growth %	-16.99	36.74	10.18	-10.83	-5.4
Normalized Net Income, 1 Yr. Growth %	-15.29	23.79	14.94	-6.59	-2.52
Diluted EPS Before Extra, 1 Yr. Growth %	-13.67	40	16.07	-5.13	-1.67
Accounts Receivable, 1 Yr. Growth %	-7.51	25.88	14.37	6.09	-4.81
Inventory, 1 Yr. Growth %	15.71	12.25	0.59	30.79	-5.91
Net Property, Plant and Equip., 1 Yr. Growth %	0.66	1.82	3.67	1.97	2.63
Total Assets, 1 Yr. Growth %	4.01	1.85	3.41	1.18	1.31
Tangible Book Value, 1 Yr. Growth %	10.58	0.01	-7.1	-4.05	5.19
Common Equity, 1 Yr. Growth %	10.58	2.97	-6.49	-3.86	4.36
Cash From Operations, 1 Yr. Growth %	-12.1	19.61	10.2	-1.25	-4.84
Capital Expenditures, 1 Yr. Growth %	-1.87	10.15	19.1	6.94	12.05
Levered Free Cash Flow, 1 Yr. Growth %	-28.48	51.93	-0.25	-7.27	-15.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-23.74	40.22	0.18	-4.89	-12.15
Dividend Per Share, 1 Yr. Growth %	8.34	7.28	7.53	10	9.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.05	2.42	18.47	8.19	-1.06
Gross Profit, 2 Yr. CAGR %	-3.8	3.28	13.27	3.81	-1.71
EBITDA, 2 Yr. CAGR %	-3.8	3.28	13.27	3.81	-1.71
EBITA, 2 Yr. CAGR %	-5.41	3.47	16.1	3.15	-3.43
EBIT, 2 Yr. CAGR %	-5.41	3.47	16	3.06	-3.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.59	6.54	22.75	-0.88	-8.16
Net Income, 2 Yr. CAGR %	-8.59	6.54	22.75	-0.88	-8.16
Normalized Net Income, 2 Yr. CAGR %	-7.75	3.73	19.41	3.61	-4.56
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.18	9.94	27.48	4.94	-3.46
Accounts Receivable, 2 Yr. CAGR %	-4.98	7.9	19.99	10.16	0.49
Inventory, 2 Yr. CAGR %	7.16	13.97	6.26	14.7	10.19
Net Property, Plant and Equip., 2 Yr. CAGR %	1.42	1.24	2.74	2.82	1.99
Total Assets, 2 Yr. CAGR %	4.09	2.93	2.63	2.29	1.01
Tangible Book Value, 2 Yr. CAGR %	2.12	4.91	-3.61	-5.59	-0.18
Common Equity, 2 Yr. CAGR %	2.12	6.7	-1.87	-5.18	-0.45
Cash From Operations, 2 Yr. CAGR %	-4.16	2.53	14.81	4.32	-2.56
Capital Expenditures, 2 Yr. CAGR %	-3.47	3.96	14.53	12.85	9.4
Levered Free Cash Flow, 2 Yr. CAGR %	-12.85	5.6	23.25	-3.82	-10.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.46	4.57	18.63	-2.39	-8.2
Dividend Per Share, 2 Yr. CAGR %	8.72	13.46	6.9	9.05	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.47	0.73	7.56	11.47	5.11
Gross Profit, 3 Yr. CAGR %	4.26	1.99	5.87	7.57	2.07
EBITDA, 3 Yr. CAGR %	4.26	1.99	5.87	7.57	2.07
EBITA, 3 Yr. CAGR %	5.12	1.94	6.54	8.35	1.23
EBIT, 3 Yr. CAGR %	5.12	1.94	6.48	8.29	1.15
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.35	4.54	7.74	10.35	-2.82
Net Income, 3 Yr. CAGR %	-20.35	4.54	7.74	10.35	-2.82
Normalized Net Income, 3 Yr. CAGR %	1.79	1.43	7.42	10.03	1.09
Diluted EPS Before Extra, 3 Yr. CAGR %	-15.61	9.49	11.95	15.52	2.13
Accounts Receivable, 3 Yr. CAGR %	-2.03	4.36	10.02	15.16	4.92
Inventory, 3 Yr. CAGR %	-6.71	8.83	9.32	13.88	6.89
Net Property, Plant and Equip., 3 Yr. CAGR %	1.19	1.56	2.04	2.49	2.55
Total Assets, 3 Yr. CAGR %	3.65	3.34	3.09	2.14	1.8
Tangible Book Value, 3 Yr. CAGR %	-3.78	1.25	0.74	-3.76	-2.54
Common Equity, 3 Yr. CAGR %	-3.78	2.4	2.11	-2.54	-2.5
Cash From Operations, 3 Yr. CAGR %	7.08	3.19	5.03	9.19	0.96
Capital Expenditures, 3 Yr. CAGR %	-7.28	0.87	8.78	11.94	12.19
Levered Free Cash Flow, 3 Yr. CAGR %	5.69	4.46	3.69	12.1	-7.69
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.76	4.42	3.15	10.21	-5.7
Dividend Per Share, 3 Yr. CAGR %	10.07	8.37	11.32	7.93	9.06
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.17	2.5	5.42	3.65	4.02
Gross Profit, 5 Yr. CAGR %	3.83	7.44	7.64	2.74	2.58
EBITDA, 5 Yr. CAGR %	3.83	7.44	7.64	2.74	2.58
EBITA, 5 Yr. CAGR %	4.18	9.36	9.21	2.46	2.16
EBIT, 5 Yr. CAGR %	4.18	9.36	9.17	2.42	2.11
Earnings From Cont. Operations, 5 Yr. CAGR %	7.04	17.14	-5.3	2.34	0.82
Net Income, 5 Yr. CAGR %	7.04	17.14	-5.3	2.34	0.82
Normalized Net Income, 5 Yr. CAGR %	3.31	9.6	8.3	2.34	2.18
Diluted EPS Before Extra, 5 Yr. CAGR %	12.47	22.75	-0.47	7.64	5.18
Accounts Receivable, 5 Yr. CAGR %	-1.47	4.12	6.24	6.64	6.1
Inventory, 5 Yr. CAGR %	-2.91	-3.59	-1.73	11.14	9.67
Net Property, Plant and Equip., 5 Yr. CAGR %	1.75	1.47	1.81	2.06	2.02
Total Assets, 5 Yr. CAGR %	2.75	2.74	3.24	2.92	2.25
Tangible Book Value, 5 Yr. CAGR %	2.48	2.34	-3.8	-1.55	0.37
Common Equity, 5 Yr. CAGR %	2.37	2.93	-3.02	-0.7	1.08
Cash From Operations, 5 Yr. CAGR %	4.81	10.89	10.11	3.64	1.59
Capital Expenditures, 5 Yr. CAGR %	-8.69	-5.67	0.9	5.5	8.82
Levered Free Cash Flow, 5 Yr. CAGR %	16.97	48.44	12.12	1.11	-2.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	14.35	33.8	11.15	1.68	-1.68
Dividend Per Share, 5 Yr. CAGR %	8.24	9.24	9	8.45	10.6