CSX Corporation (CSX) quarterly cash flow statement — complete operating, investing & financing history
CSX Corporation (CSX) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 1.62B | 1.33B | 1.27B | 1.39B | 1.34B | 635M | 1.25B | 1.39B | 1.69B | 1.09B | 1.08B | 1.49B | 1.55B | 1.22B | 1.25B | 1.36B | 1.73B | 1.23B | 1.3B | 1.28B |
| Operating CF Margin % | 40.25% | 33.72% | 36.53% | 39.51% | 37.27% | 17.77% | 36.66% | 39.22% | 46.59% | 29.42% | 29.45% | 40.46% | 43.45% | 33.04% | 33.76% | 36.57% | 44.29% | 32.27% | 38.06% | 37.35% |
| Operating CF Growth % | 20.94% | 108.98% | 1.35% | -0.14% | -20.7% | -41.69% | 15.77% | -6.78% | 8.63% | -10.88% | -13.35% | 9.16% | -10.03% | -0.73% | -3.7% | 6.56% | 21.48% | 5.48% | 5.44% | 12.78% |
| Net Income | 1.05B | 1B | 807M | 720M | 694M | 829M | 646M | 733M | 894M | 963M | 893M | 886M | 846M | 984M | 987M | 1.02B | 1.11B | 1.18B | 859M | 934M |
| Depreciation & Amortization | 413M | 411M | 415M | 404M | 424M | 427M | 425M | 422M | 416M | 410M | 410M | 405M | 399M | 406M | 393M | 393M | 378M | 369M | 360M | 360M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 15M | 17M | 13M | 17M | 8M | 0 | 36M | 0 |
| Deferred Taxes | 31M | 33M | 51M | 51M | 144M | -14M | 13M | -7M | 5M | 3M | 7M | 29M | 33M | 35M | 35M | -8M | 19M | 69M | 37M | 58M |
| Other Non-Cash Items | -57M | -24M | -47M | -12M | -311M | -46M | -4M | 76M | -24M | -16M | -12M | -101M | 8M | 7M | -52M | -37M | -73M | -147M | -59M | -22M |
| Working Capital Changes | 178M | -95M | 46M | 223M | 386M | -561M | 175M | 164M | 395M | -271M | -214M | 255M | 251M | -227M | -125M | -19M | 282M | -238M | 66M | -50M |
| Change in Receivables | -6M | -70M | -120M | 118M | 36M | -27M | -9M | 75M | 26M | -24M | 5M | 14M | -73M | 71M | -63M | 42M | 55M | -67M | -131M | 12M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 13M | -10M | 64M | -61M | -18M | -71M | 89M | -62M | 99M | -114M | 72M | 31M | 72M | -90M | 70M | -26M | 105M | -21M | 82M | -4M |
| Cash from Investing | -586M | -754M | -567M | -706M | -691M | -807M | -647M | -883M | -674M | -544M | -504M | -721M | -561M | -465M | -480M | -487M | -625M | -651M | -368M | -414M |
| Capital Expenditures | -593M | -576M | -543M | -677M | 776M | -776M | -719M | -838M | -625M | -542M | -524M | -686M | -574M | -554M | -443M | -696M | -626M | -480M | -331M | -571M |
| CapEx % of Revenue | 14.76% | 14.64% | 15.59% | 19.3% | 21.63% | 21.71% | 21% | 23.68% | 17.27% | 14.64% | 14.24% | 18.64% | 16.07% | 14.98% | 11.95% | 18.66% | 16.07% | 12.58% | 9.7% | 16.66% |
| Acquisitions | 0 | 73M | 64M | 13M | -27M | 12M | 23M | -2M | -18M | 19M | -26M | 23M | 13M | 15M | -2M | -4M | -15M | -199M | -9M | 2M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -17M | 47M | -50M | -1.44B | -45M | -18M | 104M | -31M | -21M | -35M | -57M | 1M | -25M | 13M | 253M | 16M | 19M | -9M | 228M |
| Cash from Financing | -815M | -530M | -411M | -622M | -421M | -580M | -402M | -1.22B | -606M | -790M | -450M | -775M | -587M | -1.07B | -1.44B | -1.23B | 487M | -1.79B | -1.23B | -806M |
| Debt Issued (Net) | -1M | -7M | -2M | -301M | -9M | -1M | 598M | -2M | -2M | -2M | -2M | -3M | 596M | -4M | -142M | -8M | 1.92B | -87M | -6M | -36M |
| Equity Issued (Net) | -543M | -296M | -222M | -112M | -112M | -421M | -751M | -1.02B | -402M | -563M | -247M | -581M | -971M | -863M | -1.07B | -1.02B | -1.2B | -1.5B | -1.02B | -570M |
| Dividends Paid | -259M | -260M | -260M | -242M | -242M | -243M | -245M | -230M | -232M | -233M | -235M | -216M | -218M | -222M | -226M | -207M | -212M | -215M | -218M | -206M |
| Share Repurchases | -543M | -296M | -222M | -112M | -112M | -421M | -751M | -1.02B | -402M | -563M | -247M | -581M | -971M | -863M | -1.07B | -1.02B | -1.2B | -1.5B | -1.02B | -570M |
| Other Financing | -12M | 33M | 73M | 33M | -58M | 85M | -4M | 41M | 30M | 8M | 34M | 25M | 6M | 22M | -3M | 6M | -21M | 9M | 6M | 6M |
| Net Change in Cash | 216M | 43M | 294M | 58M | 225M | -752M | 206M | -711M | 406M | -245M | 130M | -7M | 404M | -335M | -667M | -353M | 1.59B | -1.21B | -303M | 60M |
| Free Cash Flow | 1.02B | 751M | 729M | 709M | 2.83B | -141M | 536M | 550M | 1.06B | 547M | 560M | 803M | 978M | 668M | 808M | 668M | 1.1B | 751M | 968M | 709M |
| FCF Margin % | 25.49% | 19.09% | 20.94% | 20.21% | 78.95% | -3.95% | 15.66% | 15.54% | 29.32% | 14.78% | 15.21% | 21.82% | 27.38% | 18.06% | 21.8% | 17.91% | 28.22% | 19.69% | 28.36% | 20.69% |
| FCF Growth % | -63.84% | 632.62% | 36.01% | 28.91% | 166.92% | -125.78% | -4.29% | -31.51% | 8.49% | -18.11% | -30.69% | 20.21% | -11.01% | -11.05% | -16.53% | -5.78% | 15.2% | 4.45% | 4.54% | -1.25% |
| FCF per Share | 0.55 | 0.40 | 0.39 | 0.38 | 1.52 | -0.08 | 0.28 | 0.29 | 0.55 | 0.28 | 0.29 | 0.41 | 0.49 | 0.33 | 0.39 | 0.32 | 0.52 | 0.35 | 0.44 | 0.32 |
| FCF Conversion (FCF/Net Income) | 1.54x | 1.32x | 1.58x | 1.93x | 1.93x | 0.77x | 1.94x | 1.89x | 1.89x | 1.13x | 1.23x | 1.69x | 1.87x | 1.24x | 1.27x | 1.34x | 1.55x | 1.04x | 1.51x | 1.37x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |