CSX (CSX) FY2021 results: revenue $12.5 billion, up 18.3% on the year
CSX Corp. (CSX) reported revenue of $12.5 billion for fiscal 2021, the year ended 31 December 2021, up 18.3% on the year before. Net income was $3.8 billion, up 36.7%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$12.5 billion
+18.3% on the year
FY2014FY2021
Operating margin
44.7%
41.2% a year earlier
FY2014FY2021
Net income
$3.8 billion
+36.7% on the year
FY2014FY2021
Diluted EPS
$1.68
+40.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,099
4,263
4,850
+19.6%
Capital expenditure
1,791
1,626
1,657
+10.1%
Free cash flow
3,308
2,637
3,193
+25.4%
Free cash flow margin
26.4%
24.9%
26.7%
Cash from investing
-1,877
-649
-2,102
Cash from financing
-4,112
-1,443
-2,648
Depreciation and amortisation
1,420
1,383
n/a
+2.7%
Share-based compensation
107
29.0
74.0
+269.0%
Buybacks
2,886
867
3,373
+232.9%
Dividends paid
839
797
763
+5.3%
Dividend per share
$0.37
$0.35
$0.32
+6.7%
Diluted shares, weighted
2,255m
2,304m
2,394m
-2.1%
Shares outstanding at period end
2,202m
2,289m
n/a
-3.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,451
13,110
11,863
+2.6%
Debt
16,366
16,705
16,238
-2.0%
Operating lease liabilities
478
455
493
+5.1%
Other liabilities
10,236
9,523
9,663
+7.5%
Total liabilities and equity
40,531
39,793
38,257
+1.9%
Fixed assets
33,015
32,444
32,168
+1.8%
Goodwill
276
63.0
63.0
+338.1%
Intangible assets
175
0.0
0.0
Investments
77.0
2.0
996
+3,750.0%
Cash and equivalents
2,239
3,129
958
-28.4%
Receivables
1,148
912
986
+25.9%
Other assets
3,601
3,243
3,086
+11.0%
Total assets
40,531
39,793
38,257
+1.9%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.