CSX (CSX) FY2022 results: revenue $14.9 billion, up 18.6% on the year
CSX Corp. (CSX) reported revenue of $14.9 billion for fiscal 2022, the year ended 31 December 2022, up 18.6% on the year before. Net income was $4.1 billion, up 8.8%, and diluted earnings per share $1.92. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$14.9 billion
+18.6% on the year
FY2015FY2022
Operating margin
40.1%
44.7% a year earlier
FY2015FY2022
Net income
$4.1 billion
+8.8% on the year
FY2015FY2022
Diluted EPS
$1.92
+14.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
5,526
5,099
4,263
+8.4%
Capital expenditure
2,113
1,791
1,626
+18.0%
Free cash flow
3,413
3,308
2,637
+3.2%
Free cash flow margin
23.0%
26.4%
24.9%
Cash from investing
-2,063
-1,877
-649
Cash from financing
-3,769
-4,112
-1,443
Depreciation and amortisation
1,500
1,420
1,383
+5.6%
Share-based compensation
74.0
107
29.0
-30.8%
Buybacks
4,731
2,886
867
+63.9%
Dividends paid
852
839
797
+1.5%
Dividend per share
$0.40
$0.37
$0.35
+8.1%
Diluted shares, weighted
2,141m
2,255m
2,304m
-5.1%
Shares outstanding at period end
2,066m
2,202m
2,289m
-6.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,469
13,451
13,110
-7.3%
Debt
18,047
16,366
16,705
+10.3%
Operating lease liabilities
488
478
455
+2.1%
Other liabilities
10,678
10,236
9,523
+4.3%
Total liabilities and equity
41,682
40,531
39,793
+2.8%
Fixed assets
34,070
33,015
32,444
+3.2%
Goodwill
319
276
63.0
+15.6%
Intangible assets
183
175
0.0
+4.6%
Investments
129
77.0
2.0
+67.5%
Cash and equivalents
1,958
2,239
3,129
-12.6%
Receivables
1,313
1,148
912
+14.4%
Other assets
3,710
3,601
3,243
+3.0%
Total assets
41,682
40,531
39,793
+2.8%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.