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

Revenue

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Revenue Common Size

Labor and Fringe

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Purchased Services and Other

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Fuel

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Equipment and Other Rents

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Inland Transportation

Inland Transportation %Chg

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Gain on Insurance Recoveries

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Restructuring Charge

Restructuring Charge %Chg

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Equity Earnings of Affiliates

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Goodwill Impairment

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Gains on Property Dispositions

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Total Expense

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Operating Income

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Other Income - Net

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Interest Expense

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Debt Repurchase Expense

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Restructuring Charge - Non-Operating

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Earnings Before Income Taxes

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Income Tax Expense

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Earnings from Continuing Operations

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Discontinued Operations

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Net Earnings

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Continuing Operations

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Net Earnings per Share, Basic

Net Earnings per Share, Basic %Chg

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Net Earnings per Share, Assuming Dilution

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Net Earnings per Share, Assuming Dilution Common Size

Average Shares Outstanding

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Average Shares Outstanding, Assuming Dilution

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Cash Dividends Paid per Common Share

Total Revenues

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Non-Operating Income

Non-Operating Income %Chg

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Total Non-Operating Income

Total Non-Operating Income %Chg

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Income Before Provision for Income Taxes

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Provision for Income Taxes

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EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	14,123	14,540	14,657	14,853	12,522	10,583	11,937	12,250	11,408	11,069	11,811
Total Revenues %Chg	-3.8%	-0.8%	-1.3%	18.6%	18.3%	-11.3%	-2.6%	7.4%	3.1%	-6.3%	-6.8%
Revenue
Cost of Sales	7,647	7,540	7,585	7,635	5,962	4,873	5,774	6,050	6,352	6,405	7,059
Fuel
Inland Transportation
Labor and Fringe
Purchased Services and Other
Equipment and Other Rents
Gross Profit	6,476	7,000	7,072	7,218	6,560	5,710	6,163	6,200	5,056	4,664	4,752
Gross Profit Margin	45.9%	48.1%	48.2%	48.6%	52.4%	54%	51.6%	50.6%	44.3%	42.1%	40.2%
Depreciation & Amortization Expenses	1,698	1,658	1,607	1,502	1,420	1,383	1,349	1,331	1,315	1,301	1,208
Depreciation and Amortization
Other Operating Expenses	—	97	-34	-238	-454	-35	-151	—	240	—	—
Restructuring Charge
Gain on Insurance Recoveries
Gains on Property Dispositions
Goodwill Impairment
Operating Profit	4,517	5,245	5,499	5,954	5,594	4,362	4,965	4,869	3,720	3,413	3,584
Operating Income
Operating Margin	32%	36.1%	37.5%	40.1%	44.7%	41.2%	41.6%	39.7%	32.6%	30.8%	30.3%
Interest and Investment Income	—	—	—	—	—	—	—	—	219	50	40
Equity Earnings of Affiliates
Interest Expense	-838	-832	-809	-742	-722	-754	-737	-639	-546	-694	-544
Interest Expense
Debt Repurchase Expense
Non-Operating Income	106	142	139	133	79	19	88	74	-32	22	98
Other Income - Net
Other Income - Net
Restructuring Charge - Non-Operating
Total Non-Operating Income	-732	-690	-670	-609	-643	-735	-649	-565	-359	-622	-406
Income Before Provision for Income Taxes	3,785	4,555	4,829	5,345	4,951	3,627	4,316	4,304	3,142	2,741	3,138
Earnings Before Income Taxes
Provision for Income Taxes	883	1,085	1,161	1,231	1,170	862	985	995	-2,329	1,027	1,170
Income Tax Expense
Consolidated Net Income	2,902	3,470	3,668	4,114	3,781	2,765	3,331	3,309	5,471	1,714	1,968
Earnings from Continuing Operations
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	—	—
Discontinued Operations
Net Income Attributable to Common Shareholders	2,902	3,470	3,668	4,114	3,781	2,765	3,331	3,309	5,471	1,714	1,968
Net Earnings
Basic EPS	1.5	1.8	1.8	1.9	1.7	1.2	1.4	1.3	2	0.6	0.7
Diluted EPS	1.5	1.8	1.8	1.9	1.7	1.2	1.4	1.3	2	0.6	0.7
Basic Weighted Average Shares Outstanding	1,885.5	1,939	2,008	2,136	2,250	2,300	2,389	2,571	2,733	2,841	2,949
Total Shares Outstanding	1,862	1,900.2	1,958.4	2,066.4	2,201.8	2,287.6	2,320.4	2,454.5	2,669.6	2,784.5	2,896.5
Diluted Weighted Average Shares Outstanding	1,887.3	1,943	2,013	2,141	2,255	2,305	2,395	2,583	2,742	2,844	2,952
EBITDA	6,203	6,903	7,106	7,456	7,014	5,745	6,314	6,200	5,035	4,714	4,792
Effective Tax Rate	23.3%	23.8%	24%	23%	23.6%	23.8%	22.8%	23.1%	-74.1%	37.5%	37.3%