CSX (CSX) FY2011 results: revenue $11.8 billion, up 10.9% on the year
CSX Corp. (CSX) reported revenue of $11.8 billion for fiscal 2011, the year ended 30 December 2011, up 10.9% on the year before. Net income was $1.9 billion, up 18.6%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2012.
Revenue
$11.8 billion
+10.9% on the year
FY2007FY2011
Operating margin
29.4%
28.9% a year earlier
FY2007FY2011
Net income
$1.9 billion
+18.6% on the year
FY2007FY2011
Diluted EPS
$0.57
+25.6% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
11,795
10,636
9,041
+10.9%
Operating income
3,470
3,071
2,270
+13.0%
Operating margin
29.4%
28.9%
25.1%
Interest expense
552
557
558
-0.9%
Pre-tax income
2,940
2,546
1,746
+15.5%
Income tax
1,086
983
618
+10.5%
Effective tax rate
36.9%
38.6%
35.4%
Net income
1,854
1,563
1,143
+18.6%
Net margin
15.7%
14.7%
12.6%
Diluted EPS
$0.57
$0.45
$0.32
+25.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
3,491
3,261
2,039
+7.1%
Capital expenditure
2,297
1,840
1,427
+24.8%
Free cash flow
1,194
1,421
612
-16.0%
Free cash flow margin
10.1%
13.4%
6.8%
Cash from investing
-2,587
-1,771
-1,372
Cash from financing
-1,413
-1,227
-307
Share-based compensation
30.0
62.0
17.0
-51.6%
Buybacks
1,564
n/a
n/a
Dividends paid
480
372
345
+29.0%
Dividend per share
$0.15
$0.11
$0.29
+37.7%
Diluted shares, weighted
3,267m
3,461m
3,561m
-5.6%
Shares outstanding at period end
n/a
3,333m
1,180m
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,598
8,798
8,768
-2.3%
Debt
9,241
8,664
8,008
+6.7%
Other liabilities
11,634
10,679
10,111
+8.9%
Total liabilities and equity
29,473
28,141
26,887
+4.7%
Fixed assets
24,974
23,799
23,064
+4.9%
Goodwill
64.0
64.0
64.0
0.0%
Investments
628
123
96.0
+410.6%
Cash and equivalents
783
1,292
1,029
-39.4%
Receivables
1,147
993
995
+15.5%
Other assets
1,877
1,870
1,639
+0.4%
Total assets
29,473
28,141
26,887
+4.7%
10-K for the year ended 30 December 2011, filed 21 February 2012: the filing.