CSX (CSX) 10-K Summary — Year Ended Dec 31, 2023
CSX Corporation is a leading rail-based freight transportation company operating an extensive network in the eastern United States and Canada. In the most recent annual period, the company reported a modest decline in revenue while maintaining strong operating income and cash flow.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
CSX Corporation is a leading rail-based freight transportation company operating an extensive network in the eastern United States and Canada. In the most recent annual period, the company reported a modest decline in revenue while maintaining strong operating income and cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.7B
Revenue reported for the fiscal year.
Operating income
$5.5B
Income from operations reported for the year.
Net income
$3.7B
Net income reported for the year.
Operating cash flow
$5.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $12.5B | n/a |
| Dec 31, 2022 | $14.9B | +18.6% |
| Dec 31, 2023 | $14.7B | -1.3% |
Business overview
CSX provides rail-based freight transportation including traditional rail, intermodal containers, and bulk commodity services. Its network spans approximately 20,000 route miles across 26 states and parts of Canada, with access to over 70 port terminals. The company serves diverse industries such as manufacturing, agriculture, and energy.
Financial performance
Revenue decreased slightly compared to the prior year. Operating income and net income remained robust, and operating cash flow was strong. The company's financial performance reflects its efficient operations and market position.
Material risks
The filing includes a risk factors section, but the supplied context does not provide specific details. Therefore, no material risks can be identified from the available text.
Liquidity and capital
The filing mentions liquidity and capital resources, but the supplied context lacks detailed discussion. The company's strong operating cash flow suggests healthy internal funding capacity.
What to watch
Monitor whether the company can stabilize or grow revenue in the next filing after the modest decline.