CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, automotive, minerals, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities. The company also offers intermodal transportation services through a network of approximately 30 terminals transporting manufactured consumer goods in containers; and drayage services, including the pickup and delivery of intermodal shipments. It serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products, such as plastics and ethanol from rail to trucks. The company operates approximately 19,500 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 3,500 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida.

CSX Corporation

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	612	387	1,139	933	1,644	1,238
Cash and Cash Equivalents
Short-Term Investments	6	6	8	72	12	4
Short-Term Investments
Total Cash and Cash Equivalents	618	393	1,147	1,005	1,656	1,242
Accounts Receivable	1,370	1,409	1,348	1,326	1,413	1,430
Accounts Receivable - Net
Total Trade Receivables	1,370	1,409	1,348	1,326	1,413	1,430
Inventories	414	420	438	414	415	417
Materials and Supplies
Other Current Assets	109	83	87	75	93	91
Deferred Income Taxes
Other Current Assets
Total Current Assets	2,511	2,305	3,020	2,820	3,577	3,180
Total Current Assets
Net Property, Plant & Equipment	37,004	36,724	36,344	36,145	35,668	35,454
Properties - Net
Right-of-Use Lease Asset
Goodwill	270	437	430	433	544	535
Goodwill and Other Intangible Assets - Net
Long-Term Investments	2,598	2,574	2,537	2,520	2,485	2,455
Investment in Conrail
Affiliates and Other Companies
Investment in Affiliates and Other Companies
Other Long-Term Assets	896	889	868	846	795	738
Other Long-Term Assets
Total Assets	43,279	42,929	43,199	42,764	43,069	42,362
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	1,344	1,273	1,315	1,290	1,301	1,192
Accounts Payable
Accrued Expenses	439	453	391	480	470	469
Labor and Fringe Benefits Payable
Current Portion of Long-Term Debt	608	616	605	606	6	557
Current Maturities of Long-Term Debt
Other Current Liabilities	575	641	1,110	900	792	521
Casualty, Environmental and Other Reserves
Income and Other Taxes Payable
Other Current Liabilities
Total Current Liabilities	2,966	2,983	3,421	3,276	2,569	2,739
Long-Term Debt	18,554	18,550	18,521	17,897	18,535	17,951
Long-Term Debt
Leases	481	484	489	486	494	500
Long-Term Lease Liability
Other Long-Term Liabilities	8,520	8,535	8,593	8,598	8,535	8,552
Casualty, Environmental and Other Reserves
Deferred Income Taxes - Net
Other Long-Term Liabilities
Total Long-Term Liabilities	27,555	27,569	27,603	26,981	27,564	27,003
Total Liabilities	30,521	30,552	31,024	30,257	30,133	29,742
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	1,862	1,864	1,878	1,900	1,928	1,939
Common Stock
Additional Paid-in Capital	920	882	864	846	815	758
Other Capital
Accumulated Other Comprehensive Income	-220	-224	-227	-232	-269	-270
Accumulated Other Comprehensive Loss
Retained Earnings	10,191	9,850	9,655	9,988	10,457	10,189
Retained Earnings
Total Common Shareholders' Equity	12,753	12,372	12,170	12,502	12,931	12,616
Minority Interests and Other	5	5	5	5	5	4
Non-Controlling Minority Interest
Total Shareholders' Equity	12,758	12,377	12,175	12,507	12,936	12,620
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity	43,279	42,929	43,199	42,764	43,069	42,362
Total Liabilities and Shareholders' Equity