CSX (CSX) FY2018 results: revenue $12.2 billion, up 7.4% on the year
CSX Corp. (CSX) reported revenue of $12.2 billion for fiscal 2018, the year ended 31 December 2018, up 7.4% on the year before. Net income was $3.3 billion, down 39.5%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$12.2 billion
+7.4% on the year
FY2011FY2018
Operating margin
39.7%
32.6% a year earlier
FY2011FY2018
Net income
$3.3 billion
-39.5% on the year
FY2011FY2018
Diluted EPS
$1.28
-35.9% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
12,250
11,408
11,069
+7.4%
Operating income
4,869
3,720
3,413
+30.9%
Operating margin
39.7%
32.6%
30.8%
Interest expense
n/a
546
579
Pre-tax income
4,304
3,142
2,741
+37.0%
Income tax
995
-2,329
1,027
Effective tax rate
23.1%
-74.1%
37.5%
Net income
3,309
5,471
1,714
-39.5%
Net margin
27.0%
48.0%
15.5%
Diluted EPS
$1.28
$2.00
$0.60
-35.9%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
4,641
3,472
3,041
+33.7%
Capital expenditure
1,745
2,040
2,398
-14.5%
Free cash flow
2,896
1,432
643
+102.2%
Free cash flow margin
23.6%
12.6%
5.8%
Cash from investing
-1,684
-1,495
-1,798
Cash from financing
-2,500
-2,179
-1,268
Share-based compensation
51.0
89.0
37.0
-42.7%
Buybacks
4,671
1,970
1,056
+137.1%
Dividends paid
751
708
680
+6.1%
Dividend per share
$0.29
$0.26
$0.24
+12.8%
Diluted shares, weighted
2,583m
2,742m
2,844m
-5.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
12,580
14,721
11,694
-14.5%
Debt
14,739
11,790
10,962
+25.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
9,410
9,228
12,758
+2.0%
Total liabilities and equity
36,729
35,739
35,414
+2.8%
Fixed assets
31,998
31,764
31,150
+0.7%
Goodwill
n/a
63.0
63.0
Investments
253
18.0
417
+1,305.6%
Cash and equivalents
858
401
603
+114.0%
Receivables
1,010
970
938
+4.1%
Other assets
2,610
2,523
2,243
+3.4%
Total assets
36,729
35,739
35,414
+2.8%
10-K for the year ended 31 December 2018, filed 6 February 2019: the filing.