CSX (CSX) FY2020 results: revenue $10.6 billion, down 11.3% on the year
CSX Corp. (CSX) reported revenue of $10.6 billion for fiscal 2020, the year ended 31 December 2020, down 11.3% on the year before. Net income was $2.8 billion, down 17.0%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2021.
Revenue
$10.6 billion
-11.3% on the year
FY2013FY2020
Operating margin
41.2%
41.6% a year earlier
FY2013FY2020
Net income
$2.8 billion
-17.0% on the year
FY2013FY2020
Diluted EPS
$1.20
-13.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
10,583
11,937
12,250
-11.3%
Operating income
4,362
4,965
4,869
-12.1%
Operating margin
41.2%
41.6%
39.7%
Pre-tax income
3,627
4,316
4,304
-16.0%
Income tax
862
985
995
-12.5%
Effective tax rate
23.8%
22.8%
23.1%
Net income
2,765
3,331
3,309
-17.0%
Net margin
26.1%
27.9%
27.0%
Diluted EPS
$1.20
$1.39
$1.28
-13.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
4,263
4,850
4,641
-12.1%
Capital expenditure
1,626
1,657
1,745
-1.9%
Free cash flow
2,637
3,193
2,896
-17.4%
Free cash flow margin
24.9%
26.7%
23.6%
Cash from investing
-649
-2,102
-1,684
Cash from financing
-1,443
-2,648
-2,500
Depreciation and amortisation
1,383
n/a
n/a
Share-based compensation
29.0
74.0
51.0
-60.8%
Buybacks
867
3,373
4,671
-74.3%
Dividends paid
797
763
751
+4.5%
Dividend per share
$0.35
$0.32
$0.29
+8.3%
Diluted shares, weighted
2,304m
2,394m
2,583m
-3.8%
Shares outstanding at period end
2,289m
n/a
n/a
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
13,110
11,863
12,580
+10.5%
Debt
16,705
16,238
14,739
+2.9%
Operating lease liabilities
455
493
0.0
-7.7%
Other liabilities
9,523
9,663
9,410
-1.4%
Total liabilities and equity
39,793
38,257
36,729
+4.0%
Fixed assets
32,444
32,168
31,998
+0.9%
Goodwill
63.0
63.0
n/a
0.0%
Intangible assets
0.0
0.0
n/a
Investments
2.0
996
253
-99.8%
Cash and equivalents
3,129
958
858
+226.6%
Receivables
912
986
1,010
-7.5%
Other assets
3,243
3,086
2,610
+5.1%
Total assets
39,793
38,257
36,729
+4.0%
10-K for the year ended 31 December 2020, filed 10 February 2021: the filing.