CSX CORP
Business
CSX Corporation is one of the nation's leading rail-based freight transportation companies operating a 20,000-mile network east of the Mississippi River serving 26 states, Ontario, and Quebec. The company provides merchandise transportation, intermodal container and trailer services, coal shipping, bulk liquid chemicals trucking, and rail-to-truck transfer operations. CSX operates through its principal subsidiary CSXT and specialized subsidiaries including Quality Carriers, CSX Intermodal Terminals, and TRANSFLO, serving manufacturers, automotive companies, energy producers, and agricultural operators across eastern North America and major port terminals.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CSX CORP's CIK number?
CSX CORP's SEC CIK number is 0000277948 (277948). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CSX CORP's SEC filings?
All of CSX CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CSX CORP last report earnings?
CSX CORP (CSX) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000277948-26-000013). This is CSX CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is CSX CORP's most recent earnings 8-K?
CSX CORP's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0000277948-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CSX CORP's latest earnings 8-K →
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