CSX (CSX) FY2014 results: revenue $12.7 billion, up 5.3% on the year
CSX Corp. (CSX) reported revenue of $12.7 billion for fiscal 2014, the year ended 26 December 2014, up 5.3% on the year before. Net income was $1.9 billion, up 3.4%, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2015.
Revenue
$12.7 billion
+5.3% on the year
FY2007FY2014
Operating margin
28.5%
28.9% a year earlier
FY2007FY2014
Net income
$1.9 billion
+3.4% on the year
FY2007FY2014
Diluted EPS
$0.64
+4.9% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
12,669
12,026
11,756
+5.3%
Operating income
3,613
3,473
3,464
+4.0%
Operating margin
28.5%
28.9%
29.5%
Interest expense
545
562
566
-3.0%
Pre-tax income
3,044
2,922
2,971
+4.2%
Income tax
1,117
1,058
1,108
+5.6%
Effective tax rate
36.7%
36.2%
37.3%
Net income
1,927
1,864
1,863
+3.4%
Net margin
15.2%
15.5%
15.8%
Diluted EPS
$0.64
$0.61
$0.60
+4.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
3,343
3,267
2,946
+2.3%
Capital expenditure
2,449
2,313
2,341
+5.9%
Free cash flow
894
954
605
-6.3%
Free cash flow margin
7.1%
7.9%
5.1%
Cash from investing
-2,183
-2,227
-2,277
Cash from financing
-1,083
-1,232
-668
Share-based compensation
33.0
14.0
14.0
+135.7%
Buybacks
517
353
734
+46.5%
Dividends paid
629
600
558
+4.8%
Dividend per share
$0.21
$0.20
$0.18
+6.8%
Diluted shares, weighted
3,006m
3,057m
3,120m
-1.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
11,176
10,504
9,136
+6.4%
Debt
9,742
9,555
9,832
+2.0%
Other liabilities
12,135
11,723
11,755
+3.5%
Total liabilities and equity
33,053
31,782
30,723
+4.0%
Fixed assets
28,584
27,291
26,050
+4.7%
Goodwill
63.0
64.0
64.0
-1.6%
Investments
292
487
587
-40.0%
Cash and equivalents
669
592
784
+13.0%
Receivables
1,129
1,052
1,114
+7.3%
Other assets
2,316
2,296
2,124
+0.9%
Total assets
33,053
31,782
30,723
+4.0%
10-K for the year ended 26 December 2014, filed 11 February 2015: the filing.