CSX (CSX) FY2013 results: revenue $12.0 billion, up 2.3% on the year
CSX Corp. (CSX) reported revenue of $12.0 billion for fiscal 2013, the year ended 27 December 2013, up 2.3% on the year before. Net income was $1.9 billion, up 0.1%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2014.
Revenue
$12.0 billion
+2.3% on the year
FY2007FY2013
Operating margin
28.9%
29.5% a year earlier
FY2007FY2013
Net income
$1.9 billion
+0.1% on the year
FY2007FY2013
Diluted EPS
$0.61
+2.2% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
12,026
11,756
11,795
+2.3%
Operating income
3,473
3,464
3,470
+0.3%
Operating margin
28.9%
29.5%
29.4%
Interest expense
562
566
552
-0.7%
Pre-tax income
2,922
2,971
2,940
-1.6%
Income tax
1,058
1,108
1,086
-4.5%
Effective tax rate
36.2%
37.3%
36.9%
Net income
1,864
1,863
1,854
+0.1%
Net margin
15.5%
15.8%
15.7%
Diluted EPS
$0.61
$0.60
$0.57
+2.2%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,267
2,946
3,491
+10.9%
Capital expenditure
2,313
2,341
2,297
-1.2%
Free cash flow
954
605
1,194
+57.7%
Free cash flow margin
7.9%
5.1%
10.1%
Cash from investing
-2,227
-2,277
-2,587
Cash from financing
-1,232
-668
-1,413
Share-based compensation
14.0
14.0
30.0
0.0%
Buybacks
353
734
1,564
-51.9%
Dividends paid
600
558
480
+7.5%
Dividend per share
$0.20
$0.18
$0.15
+9.3%
Diluted shares, weighted
3,057m
3,120m
3,267m
-2.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
10,504
9,136
8,598
+15.0%
Debt
9,555
9,832
9,241
-2.8%
Other liabilities
11,723
11,755
11,634
-0.3%
Total liabilities and equity
31,782
30,723
29,473
+3.4%
Fixed assets
27,291
26,050
24,974
+4.8%
Goodwill
64.0
64.0
64.0
0.0%
Investments
487
587
628
-17.0%
Cash and equivalents
592
784
783
-24.5%
Receivables
1,052
1,114
1,147
-5.6%
Other assets
2,296
2,124
1,877
+8.1%
Total assets
31,782
30,723
29,473
+3.4%
10-K for the year ended 27 December 2013, filed 12 February 2014: the filing.