CSX (CSX) FY2017 results: revenue $11.4 billion, up 3.1% on the year
CSX Corp. (CSX) reported revenue of $11.4 billion for fiscal 2017, the year ended 31 December 2017, up 3.1% on the year before. Net income was $5.5 billion, up 219.2%, and diluted earnings per share $2.00. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$11.4 billion
+3.1% on the year
FY2010FY2017
Operating margin
32.6%
30.8% a year earlier
FY2010FY2017
Net income
$5.5 billion
+219.2% on the year
FY2010FY2017
Diluted EPS
$2.00
+231.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
11,408
11,069
11,811
+3.1%
Operating income
3,720
3,413
3,584
+9.0%
Operating margin
32.6%
30.8%
30.3%
Interest expense
546
579
544
-5.7%
Pre-tax income
3,142
2,741
3,138
+14.6%
Income tax
-2,329
1,027
1,170
Effective tax rate
-74.1%
37.5%
37.3%
Net income
5,471
1,714
1,968
+219.2%
Net margin
48.0%
15.5%
16.7%
Diluted EPS
$2.00
$0.60
$0.67
+231.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,472
3,041
3,370
+14.2%
Capital expenditure
2,040
2,398
2,562
-14.9%
Free cash flow
1,432
643
808
+122.7%
Free cash flow margin
12.6%
5.8%
6.8%
Cash from investing
-1,495
-1,798
-2,892
Cash from financing
-2,179
-1,268
-519
Share-based compensation
89.0
37.0
12.0
+140.5%
Buybacks
1,970
1,056
804
+86.6%
Dividends paid
708
680
686
+4.1%
Dividend per share
$0.26
$0.24
$0.23
+8.3%
Diluted shares, weighted
2,742m
2,844m
2,952m
-3.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
14,721
11,694
11,668
+25.9%
Debt
11,790
10,962
10,515
+7.6%
Other liabilities
9,228
12,758
12,562
-27.7%
Total liabilities and equity
35,739
35,414
34,745
+0.9%
Fixed assets
31,764
31,150
30,174
+2.0%
Goodwill
63.0
63.0
63.0
0.0%
Investments
18.0
417
810
-95.7%
Cash and equivalents
401
603
628
-33.5%
Receivables
970
938
982
+3.4%
Other assets
2,523
2,243
2,088
+12.5%
Total assets
35,739
35,414
34,745
+0.9%
10-K for the year ended 31 December 2017, filed 6 February 2019: the filing.