$CSX
CSX CORP

2022 Q1 Form 10-Q Financial Statement

#000027794822000020 Filed on April 21, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q2 2021 Q1
Revenue $3.413B $2.990B $2.813B
YoY Change 21.33% 32.59% -1.47%
Cost Of Revenue $1.006B $635.0M $659.0M
YoY Change 52.66% 27.51% 2.01%
Gross Profit $2.407B $2.355B $2.154B
YoY Change 11.75% 34.04% -2.49%
Gross Profit Margin 70.52% 78.76% 76.57%
Selling, General & Admin $792.0M $683.0M $708.0M
YoY Change 11.86% 16.75% 3.06%
% of Gross Profit 32.9% 29.0% 32.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $360.0M $348.0M $345.0M
YoY Change 4.35% 1.16% 0.29%
% of Gross Profit 14.96% 14.78% 16.02%
Operating Expenses $1.152B $1.031B $1.053B
YoY Change 9.4% 10.98% 2.13%
Operating Profit $1.282B $1.691B $1.101B
YoY Change 16.44% 104.23% -6.54%
Interest Expense -$179.0M -$181.0M -$184.0M
YoY Change -2.72% -5.24% -1.6%
% of Operating Profit -13.96% -10.7% -16.71%
Other Income/Expense, Net $26.00M $20.00M $20.00M
YoY Change 30.0% 33.33% -9.09%
Pretax Income $1.129B $1.530B $937.0M
YoY Change 20.49% 134.66% -7.5%
Income Tax $270.0M $357.0M $231.0M
% Of Pretax Income 23.91% 23.33% 24.65%
Net Earnings $859.0M $1.173B $706.0M
YoY Change 21.67% 135.07% -8.31%
Net Earnings / Revenue 25.17% 39.23% 25.1%
Basic Earnings Per Share $0.39 $0.52 $0.31
Diluted Earnings Per Share $0.39 $0.52 $0.31
COMMON SHARES
Basic Shares Outstanding 2.188B shares 2.270B shares 2.282B shares
Diluted Shares Outstanding 2.193B shares 2.275B shares 2.286B shares

Balance Sheet

Concept 2022 Q1 2021 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.032B $2.990B $2.957B
YoY Change -31.28% 15.27% 19.14%
Cash & Equivalents $1.936B $2.986B $2.955B
Short-Term Investments $96.00M $4.000M $2.000M
Other Short-Term Assets $97.00M $102.0M $93.00M
YoY Change 4.3% 12.09% 25.68%
Inventory $351.0M $289.0M $298.0M
Prepaid Expenses
Receivables $1.277B $1.192B $957.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.757B $4.573B $4.305B
YoY Change -12.73% 20.63% 12.67%
LONG-TERM ASSETS
Property, Plant & Equipment $32.98B $32.49B $32.40B
YoY Change 1.79% 0.7% 0.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.143B $2.033B $2.007B
YoY Change 6.78% 5.83% 5.58%
Other Assets $619.0M $461.0M $510.0M
YoY Change 21.37% 10.02% 27.18%
Total Long-Term Assets $36.70B $35.44B $35.39B
YoY Change 3.7% 0.94% 1.07%
TOTAL ASSETS
Total Short-Term Assets $3.757B $4.573B $4.305B
Total Long-Term Assets $36.70B $35.44B $35.39B
Total Assets $40.45B $40.02B $39.69B
YoY Change 1.91% 2.86% 2.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.050B $879.0M $859.0M
YoY Change 22.24% -8.44% -18.81%
Accrued Expenses $547.0M $447.0M $419.0M
YoY Change 30.55% 26.99% 21.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $317.0M $122.0M $41.00M
YoY Change 673.17% -67.72% -83.92%
Total Short-Term Liabilities $2.575B $1.951B $1.800B
YoY Change 43.06% -16.87% -18.59%
LONG-TERM LIABILITIES
Long-Term Debt $16.02B $16.23B $16.31B
YoY Change -1.76% 0.63% -1.04%
Other Long-Term Liabilities $492.0M $493.0M $518.0M
YoY Change -5.02% -11.01% -8.8%
Total Long-Term Liabilities $492.0M $493.0M $518.0M
YoY Change -5.02% -11.01% -8.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.575B $1.951B $1.800B
Total Long-Term Liabilities $492.0M $493.0M $518.0M
Total Liabilities $27.26B $26.58B $26.53B
YoY Change 2.73% -0.6% -1.54%
SHAREHOLDERS EQUITY
Retained Earnings $11.28B $11.72B $12.48B
YoY Change -9.55% 0.4% 9.32%
Common Stock $2.277B $2.254B $1.205B
YoY Change 88.96% 100.18% 6.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.18B $13.43B $13.15B
YoY Change
Total Liabilities & Shareholders Equity $40.45B $40.02B $39.69B
YoY Change 1.91% 2.86% 2.21%

Cashflow Statement

Concept 2022 Q1 2021 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income $859.0M $1.173B $706.0M
YoY Change 21.67% 135.07% -8.31%
Depreciation, Depletion And Amortization $360.0M $348.0M $345.0M
YoY Change 4.35% 1.16% 0.29%
Cash From Operating Activities $1.299B $1.167B $1.232B
YoY Change 5.44% 16.0% 4.58%
INVESTING ACTIVITIES
Capital Expenditures $331.0M -$448.0M $306.0M
YoY Change 8.17% 6.67% -19.69%
Acquisitions $9.000M $0.00
YoY Change
Other Investing Activities $17.00M $218.0M -$8.000M
YoY Change -312.5% -20.15% -140.0%
Cash From Investing Activities -$368.0M -$230.0M -$297.0M
YoY Change 23.91% 56.46% -306.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.016B $701.0M $551.0M
YoY Change 84.39% 1697.44% -4.51%
Debt Paid & Issued, Net $6.000M $360.0M
YoY Change -98.33%
Cash From Financing Activities -$1.234B -906.0M -$1.109B
YoY Change 11.27% 95.68% 289.12%
NET CHANGE
Cash From Operating Activities $1.299B 1.167B $1.232B
Cash From Investing Activities -$368.0M -230.0M -$297.0M
Cash From Financing Activities -$1.234B -906.0M -$1.109B
Net Change In Cash -$303.0M 31.00M -$174.0M
YoY Change 74.14% -92.17% -116.78%
FREE CASH FLOW
Cash From Operating Activities $1.299B $1.167B $1.232B
Capital Expenditures $331.0M -$448.0M $306.0M
Free Cash Flow $968.0M $1.615B $926.0M
YoY Change 4.54% 13.25% 16.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000277948
CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q1 dei Amendment Flag
AmendmentFlag
false
CY2022Q1 dei Document Type
DocumentType
10-Q
CY2022Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q1 dei Document Period End Date
DocumentPeriodEndDate
2022-03-31
CY2022Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q1 dei Entity File Number
EntityFileNumber
1-8022
CY2022Q1 dei Entity Registrant Name
EntityRegistrantName
CSX CORPORATION
CY2022Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
VA
CY2022Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
62-1051971
CY2022Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
500 Water Street
CY2022Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
15th Floor
CY2022Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Jacksonville
CY2022Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32202
CY2022Q1 dei City Area Code
CityAreaCode
904
CY2022Q1 dei Local Phone Number
LocalPhoneNumber
359-3200
CY2022Q1 dei Security12b Title
Security12bTitle
Common Stock, $1 Par Value
CY2022Q1 dei Trading Symbol
TradingSymbol
CSX
CY2022Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2022Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2022Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q1 dei Entity Shell Company
EntityShellCompany
false
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
270000000 USD
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2174259952 shares
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3413000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2813000000 USD
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
692000000 USD
CY2021Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
620000000 USD
CY2022Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
675000000 USD
CY2021Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
472000000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
360000000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
345000000 USD
CY2022Q1 us-gaap Fuel Costs
FuelCosts
331000000 USD
CY2021Q1 us-gaap Fuel Costs
FuelCosts
190000000 USD
CY2022Q1 csx Equipment And Other Rents
EquipmentAndOtherRents
100000000 USD
CY2021Q1 csx Equipment And Other Rents
EquipmentAndOtherRents
88000000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
27000000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000000 USD
CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
2131000000 USD
CY2021Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
1712000000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1282000000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1101000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
937000000 USD
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-179000000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-184000000 USD
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
26000000 USD
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20000000 USD
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1129000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
231000000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
859000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
706000000 USD
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2188000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2282000000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2193000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2286000000 shares
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
890000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
774000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1936000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2239000000 USD
CY2022Q1 us-gaap Short Term Investments
ShortTermInvestments
96000000 USD
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
77000000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1277000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1148000000 USD
CY2022Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
351000000 USD
CY2021Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
339000000 USD
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
97000000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
70000000 USD
CY2022Q1 us-gaap Assets Current
AssetsCurrent
3757000000 USD
CY2021Q4 us-gaap Assets Current
AssetsCurrent
3873000000 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46597000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
46505000000 USD
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13613000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13490000000 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32984000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33015000000 USD
CY2022Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2143000000 USD
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2099000000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
496000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
501000000 USD
CY2022Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
453000000 USD
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
451000000 USD
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
619000000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
592000000 USD
CY2022Q1 us-gaap Assets
Assets
40452000000 USD
CY2021Q4 us-gaap Assets
Assets
40531000000 USD
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
1050000000 USD
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
963000000 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
547000000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
630000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
118000000 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
118000000 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
317000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
181000000 USD
CY2022Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
359000000 USD
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
134000000 USD
CY2022Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
184000000 USD
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
207000000 USD
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
2575000000 USD
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2233000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
267000000 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
250000000 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
16019000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
16185000000 USD
CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7428000000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7383000000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
476000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
478000000 USD
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
492000000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
502000000 USD
CY2022Q1 us-gaap Liabilities
Liabilities
27257000000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
27031000000 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
2174000000 USD
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
2202000000 USD
CY2022Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
103000000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
66000000 USD
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11284000000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
11630000000 USD
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-377000000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-408000000 USD
CY2022Q1 us-gaap Minority Interest
MinorityInterest
11000000 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
10000000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13195000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13500000000 USD
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
40452000000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
40531000000 USD
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
859000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
706000000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
360000000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
345000000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
37000000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
40000000 USD
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
27000000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3000000 USD
CY2022Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4000000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
28000000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
131000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
64000000 USD
CY2022Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
40000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-60000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5000000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
82000000 USD
CY2022Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
225000000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
192000000 USD
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-70000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
53000000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1299000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1232000000 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
331000000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
306000000 USD
CY2022Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
19000000 USD
CY2021Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
CY2022Q1 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2021Q1 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1000000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
8000000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9000000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
17000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-8000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-368000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-297000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
360000000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
218000000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
213000000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1016000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
551000000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
6000000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
15000000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1234000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1109000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-303000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-174000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2239000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3129000000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1936000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2955000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13500000000 USD
CY2022Q1 csx Rail Route Network Distance
RailRouteNetworkDistance
19500 mi
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
859000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
890000000 USD
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
218000000 USD
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1016000000 USD
CY2022Q1 csx Stock Issued During Period Value Stock Options Exercised And Other
StockIssuedDuringPeriodValueStockOptionsExercisedAndOther
39000000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13195000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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
0.093
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 Exercised And Other
StockIssuedDuringPeriodValueStockOptionsExercisedAndOther
40000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13160000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
706000000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2188000000 shares
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
23 state
CY2021Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
3
CY2021Q2 csx Stockholders Equity Note Stock Split Number Of Additional Shares
StockholdersEquityNoteStockSplitNumberOfAdditionalShares
2 shares
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
0 USD
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
0 USD
CY2022Q1 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, 2022 and March 31, 2021, and references to "year-end" indicate the fiscal year ended December 31, 2021.
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
859000000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2282000000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5000000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4000000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2193000000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2286000000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
2000000000 USD
CY2022Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
29000000 shares
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
18000000 shares
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1016000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
551000000 USD
CY2022Q1 csx Common Stock Dividend Rate Increase Percentage
CommonStockDividendRateIncreasePercentage
0.07
CY2022Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36000000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000000 USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
118000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
267000000 USD
CY2022Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
385000000 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
118000000 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
250000000 USD
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
368000000 USD
CY2021Q1 csx Casualty And Non Catastrophic Property Deductible
CasualtyAndNonCatastrophicPropertyDeductible
75000000 USD
CY2021Q1 csx Casualty And Catastrophic Property Deductible
CasualtyAndCatastrophicPropertyDeductible
100000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
0 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
16366000000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6000000 USD
CY2022Q1 csx Long Term Debt Increase Decrease Due To Reclassifications
LongTermDebtIncreaseDecreaseDueToReclassifications
0 USD
CY2022Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-24000000 USD
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
16336000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3413000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2813000000 USD
CY2022Q1 csx Contract With Customer Timing Of Satisfaction Of Performance Obligation Payment Period
ContractWithCustomerTimingOfSatisfactionOfPerformanceObligationPaymentPeriod
P15D
CY2022Q1 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.
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
1277000000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1148000000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
890000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
774000000 USD
CY2022Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
28000000 USD
CY2022Q1 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
-11000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
8000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000000 USD

Files In Submission

Name View Source Status
0000277948-22-000020-index-headers.html Edgar Link pending
0000277948-22-000020-index.html Edgar Link pending
0000277948-22-000020.txt Edgar Link pending
0000277948-22-000020-xbrl.zip Edgar Link pending
csx-20220331.htm Edgar Link pending
csx-20220331.xsd Edgar Link pending
csx-20220331_cal.xml Edgar Link unprocessable
csx-20220331_def.xml Edgar Link unprocessable
csx-20220331_g1.jpg Edgar Link pending
csx-20220331_g2.jpg Edgar Link pending
csx-20220331_g3.jpg Edgar Link pending
csx-20220331_g4.jpg Edgar Link pending
csx-20220331_htm.xml Edgar Link completed
csx-20220331_lab.xml Edgar Link unprocessable
csx-20220331_pre.xml Edgar Link unprocessable
csx033122ex31.htm Edgar Link pending
csx033122ex32.htm Edgar Link pending
csx33122ex221listofsubsidi.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending