CSX (CSX) FY2023 results: revenue $14.7 billion, down 1.3% on the year
CSX Corp. (CSX) reported revenue of $14.7 billion for fiscal 2023, the year ended 31 December 2023, down 1.3% on the year before. Net income was $3.7 billion, down 10.8%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$14.7 billion
-1.3% on the year
FY2016FY2023
Operating margin
37.5%
40.1% a year earlier
FY2016FY2023
Net income
$3.7 billion
-10.8% on the year
FY2016FY2023
Diluted EPS
$1.82
-5.2% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,514
5,526
5,099
-0.2%
Capital expenditure
2,257
2,113
1,791
+6.8%
Free cash flow
3,257
3,413
3,308
-4.6%
Free cash flow margin
22.2%
23.0%
26.4%
Cash from investing
-2,227
-2,063
-1,877
Cash from financing
-3,867
-3,769
-4,112
Depreciation and amortisation
1,607
1,500
1,420
+7.1%
Share-based compensation
60.0
74.0
107
-18.9%
Buybacks
3,482
4,731
2,886
-26.4%
Dividends paid
882
852
839
+3.5%
Dividend per share
$0.44
$0.40
$0.37
+10.0%
Diluted shares, weighted
2,013m
2,141m
2,255m
-6.0%
Shares outstanding at period end
1,958m
2,066m
2,202m
-5.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,985
12,469
13,451
-3.9%
Debt
18,533
18,047
16,366
+2.7%
Operating lease liabilities
491
488
478
+0.6%
Other liabilities
11,203
10,678
10,236
+4.9%
Total liabilities and equity
42,212
41,682
40,531
+1.3%
Fixed assets
34,721
34,070
33,015
+1.9%
Goodwill
325
319
276
+1.9%
Intangible assets
181
183
175
-1.1%
Investments
83.0
129
77.0
-35.7%
Cash and equivalents
1,353
1,958
2,239
-30.9%
Receivables
1,393
1,313
1,148
+6.1%
Other assets
4,144
3,710
3,601
+11.7%
Total assets
42,200
41,682
40,531
+1.2%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.