$CSX
CSX CORP

2021 Q1 Form 10-Q Financial Statement

#000027794821000024 Filed on April 21, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $2.813B $2.855B
YoY Change -1.47% -5.24%
Cost Of Revenue $659.0M $646.0M
YoY Change 2.01% -9.14%
Gross Profit $2.154B $2.209B
YoY Change -2.49% -4.04%
Gross Profit Margin 76.57% 77.37%
Selling, General & Admin $708.0M $687.0M
YoY Change 3.06% -11.01%
% of Gross Profit 32.87% 31.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $345.0M $344.0M
YoY Change 0.29% 4.24%
% of Gross Profit 16.02% 15.57%
Operating Expenses $1.053B $1.031B
YoY Change 2.13% -42.53%
Operating Profit $1.101B $1.178B
YoY Change -6.54% -3.36%
Interest Expense -$184.0M -$187.0M
YoY Change -1.6% 5.06%
% of Operating Profit -16.71% -15.87%
Other Income/Expense, Net $20.00M $22.00M
YoY Change -9.09% -4.35%
Pretax Income $937.0M $1.013B
YoY Change -7.5% -4.79%
Income Tax $231.0M $243.0M
% Of Pretax Income 24.65% 23.99%
Net Earnings $706.0M $770.0M
YoY Change -8.31% -7.67%
Net Earnings / Revenue 25.1% 26.97%
Basic Earnings Per Share $0.31 $0.33
Diluted Earnings Per Share $0.31 $0.33
COMMON SHARES
Basic Shares Outstanding 2.282B shares 772.0M shares
Diluted Shares Outstanding 2.286B shares 773.0M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.957B $2.482B
YoY Change 19.14% 23.48%
Cash & Equivalents $2.955B $1.995B
Short-Term Investments $2.000M $487.0M
Other Short-Term Assets $93.00M $74.00M
YoY Change 25.68% -39.34%
Inventory $298.0M $257.0M
Prepaid Expenses
Receivables $957.0M $1.008B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.305B $3.821B
YoY Change 12.67% 9.83%
LONG-TERM ASSETS
Property, Plant & Equipment $32.40B $32.19B
YoY Change 0.67% 0.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.007B $1.901B
YoY Change 5.58% 6.02%
Other Assets $510.0M $401.0M
YoY Change 27.18% 16.57%
Total Long-Term Assets $35.39B $35.01B
YoY Change 1.07% 0.97%
TOTAL ASSETS
Total Short-Term Assets $4.305B $3.821B
Total Long-Term Assets $35.39B $35.01B
Total Assets $39.69B $38.83B
YoY Change 2.21% 1.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $859.0M $1.058B
YoY Change -18.81% 3.83%
Accrued Expenses $419.0M $345.0M
YoY Change 21.45% -24.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $41.00M $255.0M
YoY Change -83.92% 1316.67%
Total Short-Term Liabilities $1.800B $2.211B
YoY Change -18.59% 14.8%
LONG-TERM LIABILITIES
Long-Term Debt $16.31B $16.48B
YoY Change -1.04% 4.63%
Other Long-Term Liabilities $518.0M $568.0M
YoY Change -8.8% -2.57%
Total Long-Term Liabilities $518.0M $568.0M
YoY Change -8.8% -2.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.800B $2.211B
Total Long-Term Liabilities $518.0M $568.0M
Total Liabilities $26.53B $26.95B
YoY Change -1.54% 4.81%
SHAREHOLDERS EQUITY
Retained Earnings $12.48B $11.41B
YoY Change 9.32% -4.99%
Common Stock $1.205B $1.131B
YoY Change 6.54% 5.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.15B $11.87B
YoY Change
Total Liabilities & Shareholders Equity $39.69B $38.83B
YoY Change 2.21% 1.78%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $706.0M $770.0M
YoY Change -8.31% -7.67%
Depreciation, Depletion And Amortization $345.0M $344.0M
YoY Change 0.29% 4.24%
Cash From Operating Activities $1.232B $1.178B
YoY Change 4.58% 0.43%
INVESTING ACTIVITIES
Capital Expenditures $306.0M $381.0M
YoY Change -19.69% 7.93%
Acquisitions $0.00
YoY Change
Other Investing Activities -$8.000M $20.00M
YoY Change -140.0% 900.0%
Cash From Investing Activities -$297.0M $144.0M
YoY Change -306.25% -116.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $551.0M $577.0M
YoY Change -4.51% -27.51%
Debt Paid & Issued, Net $360.0M $0.00
YoY Change
Cash From Financing Activities -$1.109B -$285.0M
YoY Change 289.12% -1155.56%
NET CHANGE
Cash From Operating Activities $1.232B $1.178B
Cash From Investing Activities -$297.0M $144.0M
Cash From Financing Activities -$1.109B -$285.0M
Net Change In Cash -$174.0M $1.037B
YoY Change -116.78% 214.24%
FREE CASH FLOW
Cash From Operating Activities $1.232B $1.178B
Capital Expenditures $306.0M $381.0M
Free Cash Flow $926.0M $797.0M
YoY Change 16.19% -2.8%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13110000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
706000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
68000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
774000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
213000000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
551000000 USD
CY2021Q1 csx Stock Issued During Period Value Stock Options Exercisedand Other
StockIssuedDuringPeriodValueStockOptionsExercisedandOther
40000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13160000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11863000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
770000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
773000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
201000000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
577000000 USD
CY2020Q1 csx Stock Issued During Period Value Stock Options Exercisedand Other
StockIssuedDuringPeriodValueStockOptionsExercisedandOther
30000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11888000000 USD
CY2021Q1 csx Rail Route Network Distance
RailRouteNetworkDistance
19500 mi
CY2021Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2021Q1 us-gaap Fiscal Period
FiscalPeriod
The Company's fiscal periods are based upon the calendar year. Except as otherwise specified, references to “first quarter(s)” or “three months” indicate CSX's fiscal periods ending March 31, 2021 and March 31, 2020, and references to "year-end" indicate the fiscal year ended December 31, 2020.
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
706000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
770000000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
761000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
772000000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
762000000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
773000000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.93
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
5300000000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
6000000 shares
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
9000000 shares
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
551000000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
577000000 USD
CY2021Q1 csx Common Stock Dividend Rate Increase Percentage
CommonStockDividendRateIncreasePercentage
0.08
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
89000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
229000000 USD
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
318000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
90000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
224000000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
314000000 USD
CY2020Q1 csx Casualty And Catastrophic Property Deductible
CasualtyAndCatastrophicPropertyDeductible
100000000 USD
CY2020Q1 csx Casualty And Non Catastrophic Property Deductible
CasualtyAndNonCatastrophicPropertyDeductible
75000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
0 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
16705000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
360000000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2000000 USD
CY2021Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
16347000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2813000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2855000000 USD
CY2021Q1 csx Contractwith Customer Timingof Satisfactionof Performance Obligation Payment Period
ContractwithCustomerTimingofSatisfactionofPerformanceObligationPaymentPeriod
P15D
CY2021Q1 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
The Company expects to recognize the unearned portion of revenue for freight services in transit within one week of the reporting date.
CY2021Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
957000000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
912000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
774000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
773000000 USD
CY2021Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
73000000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-14000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
19000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
68000000 USD

Files In Submission

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csx-20210331.htm Edgar Link pending
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