CSX (CSX) FY2016 results: revenue $11.1 billion, down 6.3% on the year
CSX Corp. (CSX) reported revenue of $11.1 billion for fiscal 2016, the year ended 30 December 2016, down 6.3% on the year before. Net income was $1.7 billion, down 12.9%, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$11.1 billion
-6.3% on the year
FY2009FY2016
Operating margin
30.8%
30.3% a year earlier
FY2009FY2016
Net income
$1.7 billion
-12.9% on the year
FY2009FY2016
Diluted EPS
$0.60
-9.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
11,069
11,811
12,669
-6.3%
Operating income
3,413
3,584
3,613
-4.8%
Operating margin
30.8%
30.3%
28.5%
Interest expense
579
544
545
+6.4%
Pre-tax income
2,741
3,138
3,044
-12.7%
Income tax
1,027
1,170
1,117
-12.2%
Effective tax rate
37.5%
37.3%
36.7%
Net income
1,714
1,968
1,927
-12.9%
Net margin
15.5%
16.7%
15.2%
Diluted EPS
$0.60
$0.67
$0.64
-9.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,041
3,370
3,343
-9.8%
Capital expenditure
2,398
2,562
2,449
-6.4%
Free cash flow
643
808
894
-20.4%
Free cash flow margin
5.8%
6.8%
7.1%
Cash from investing
-1,798
-2,892
-2,183
Cash from financing
-1,268
-519
-1,083
Share-based compensation
37.0
12.0
33.0
+208.3%
Buybacks
1,056
804
517
+31.3%
Dividends paid
680
686
629
-0.9%
Dividend per share
$0.24
$0.23
$0.21
+2.9%
Diluted shares, weighted
2,844m
2,952m
3,006m
-3.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
11,694
11,668
11,176
+0.2%
Debt
10,962
10,515
9,742
+4.3%
Other liabilities
12,758
12,562
12,135
+1.6%
Total liabilities and equity
35,414
34,745
33,053
+1.9%
Fixed assets
31,150
30,174
28,584
+3.2%
Goodwill
63.0
63.0
63.0
0.0%
Investments
417
810
292
-48.5%
Cash and equivalents
603
628
669
-4.0%
Receivables
938
982
1,129
-4.5%
Other assets
2,243
2,088
2,316
+7.4%
Total assets
35,414
34,745
33,053
+1.9%
10-K for the year ended 30 December 2016, filed 6 February 2019: the filing.