CSX CORP

Listed Company

CSXCIK 0000277948NasdaqLarge AcceleratedRailroads, Line-Haul OperatingVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$14.10B

Net Income

$2.89B

Total Assets

$43.70B

Equity

$13.16B

Shares Out

1.86B

Op. Cash Flow

$4.61B

Business

CSX CORP provides rail‑based freight transportation services across an expansive interconnected North American network. It offers traditional rail service, intermodal container and trailer transport, rail‑to‑truck transfers, bulk commodity operations, and trucking and terminal services through subsidiaries. Key segments include merchandise, intermodal, coal and trucking businesses, supported by subsidiaries such as CSX Transportation, Quality Carriers, CSX Intermodal Terminals, TDSI and TRANSFLO. The company serves major markets in 26 U.S. states east of the Mississippi, the District of Columbia and Ontario and Quebec in Canada via terminals, ports, drayage and rail connections.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	14,100	14,540	14,657	14,853	12,522
Labor and Fringe	3,262	3,165	3,052	2,885	2,550
Purchased Services and Other	3,013	2,841	2,768	2,728	2,135
Depreciation and Amortization	1,680	1,658	1,607	1,502	1,420
Fuel	1,095	1,168	1,377	1,626	913
Equipment and Other Rents	357	355	354	396	364
Goodwill Impairment (Note 18)	164	108	0	0	—
Total Expense	9,571	9,295	9,158	8,899	6,928
Operating Income	4,521	5,245	5,499	5,954	5,594
Interest Expense	−844	−832	−809	−742	—
Other Income - Net (Note 14)	92	142	139	133	79
Earnings Before Income Taxes	3,800	4,600	4,800	5,300	5,000
Income Tax Expense (Note 12)	−880	−1,085	−1,161	−1,231	−1,170
Net Earnings	2,889	3,470	3,668	4,114	3,781
Basic (in dollars per share)	1.54	1.79	1.83	1.93	1.68
Assuming Dilution (in dollars per share)	1.54	1.79	1.82	1.92	1.68
Basic (in shares)	1,870	1,939	2,008	2,136	2,250
Assuming Dilution (in shares)	1,873	1,943	2,013	2,141	2,255

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2024 2024-03-31	FY 2023 2023-12-31	FY 2023 2023-09-30
Cash and Cash Equivalents	670	933	—	1,353	1,360
Short-term Investments	5	72	—	83	—
Accounts Receivable - Net (Note 11)	1,298	1,326	—	1,393	—
Materials and Supplies	390	414	445	440	427
Other Current Assets	187	75	117	90	75
Total Current Assets	2,550	2,820	3,447	3,359	3,340
Properties	53,800	52,191	50,617	50,281	49,691
Accumulated Depreciation	−17,005	−16,533	−15,792	−15,560	−15,250
Properties - Net (Note 6)	36,811	35,658	34,825	34,721	34,441
Investment in Affiliates and Other Companies (Note 15)	2,634	2,520	—	2,397	—
Right of Use Lease Asset (Note 7)	464	487	—	498	—
Goodwill and Other Intangible Assets - Net (Note 18)	267	433	—	506	—
Other Long-term Assets	956	846	759	731	439
Total Assets	43,700	42,800	42,482	42,200	41,589
Accounts Payable	1,149	1,118	—	1,237	—
Labor and Fringe Benefits Payable	532	480	—	517	—
Casualty, Environmental and Other Reserves (Note 5)	184	149	—	144	—
Current Maturities of Long-term Debt (Note 10)	708	606	—	558	—
Income and Other Taxes Payable	118	508	381	524	361
Interest Payable	170	172	—	—	—
Other Current Liabilities	272	243	—	243	—
Total Current Liabilities	3,133	3,276	3,023	3,223	2,934
Casualty, Environmental and Other Reserves (Note 5)	295	313	—	296	—
Long-term Debt (Note 10)	18,165	17,897	—	17,975	—
Deferred Income Taxes - Net (Note 12)	7,914	7,725	7,708	7,699	7,637
Long-term Lease Liability (Note 7)	479	486	—	491	—
Other Long-term Liabilities	536	560	—	543	—
Total Liabilities	30,522	30,257	30,041	30,227	29,833
Common Stock, $1 Par Value (Note 3)	1,860	1,900	—	1,959	—
Other Capital	948	846	—	691	—
Retained Earnings	10,560	9,988	10,011	9,609	9,513
Accumulated Other Comprehensive Loss (Note 16)	−213	−232	−273	−279	−394
Non-controlling Minority Interest	5	5	—	5	—
Total Shareholders' Equity	13,160	12,507	12,441	11,985	11,756
Total Liabilities and Shareholders' Equity	43,682	42,764	42,482	42,212	41,589

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred Income Taxes	194	12	126	100	167
Other Operating Activities	−70	−75	−41	−16	12
Accounts Receivable	88	82	−51	−101	−141
Other Current Assets	−87	45	−112	−24	−25
Accounts Payable	40	3	74	140	128
Income and Other Taxes Payable	−399	−19	430	−39	72
Other Current Liabilities	114	−37	−187	88	139
Net Cash Provided by Operating Activities	4,613	5,247	5,514	5,526	5,099
Property Additions	−2,902	−2,529	−2,257	−2,113	−1,791
Purchases of Short-term Investments	0	−66	−104	−59	−75
Proceeds from Sales of Short-term Investments	80	91	153	9	5
Proceeds and Advances from Property Dispositions	78	66	88	294	529
Business Acquisition, Net of Cash Acquired	−16	−70	−31	−227	−541
Other Investing Activities	−91	−97	−76	33	−4
Net Cash Used in Investing Activities	−2,851	−2,605	−2,227	−2,063	−1,877
Shares Repurchased	−1,396	−2,237	−3,482	−4,731	−2,886
Dividends Paid	−972	−930	−882	−852	−839
Long-term Debt Repaid	−613	−558	−153	−186	−426
Long-term Debt Issued (Note 10)	900	550	600	2,000	0
Other Financing Activities	56	113	50	0	39
Net Cash Used in Financing Activities	−2,025	−3,062	−3,867	−3,769	−4,112
Net Decrease in Cash and Cash Equivalents	−263	−420	−580	−306	−890
Interest Paid - Net of Amounts Capitalized	870	850	806	729	718
Income Taxes Paid (Note 12)	1,102	1,076	630	—	—
Capital Expenditures Accrued but Not Yet Paid	231	247	186	163	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro