NASDAQ: CSX
CSX CORPCIK 0000277948 · SIC 4011 · Railroads, Line-Haul
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Latest financial statements
From 10-Q filed Oct 21, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in millions, except per share amounts; mapped from filer XBRL tags, not printed on the filing face)
| Description | Q3 ended Sep 30, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 4,017 | 3,587 |
| Operating expenses: | ||
| Operating expenses | 2,447 | 2,500 |
| Operating income | 1,570 | 1,087 |
| Interest expense | 207.0 | 210.0 |
| Other income/(expense), net | 21.0 | 21.0 |
| Income before income taxes | 1,384 | 898.0 |
| Income tax expense/(benefit) | 332.0 | 204.0 |
| Net income | 1,052 | 694.0 |
| Basic earnings per share | 0.57 | 0.37 |
| Diluted earnings per share | 0.57 | 0.37 |
Consolidated Balance Sheets
(Dollars in Millions)
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | 1,223 | 670 |
| Short-term Investments (Note 9) | 382 | 5 |
| Accounts Receivable Net (Note 8) | 1,485 | 1,298 |
| Materials and Supplies | 401 | 390 |
| Other Current Assets | 142 | 187 |
| Total Current Assets | 3,633 | 2,550 |
| Properties | 54,911 | 53,816 |
| Accumulated Depreciation | (17,769) | (17,005) |
| Properties Net | 37,142 | 36,811 |
| Investment in Affiliates and Other Companies | 2,707 | 2,634 |
| Right-of-Use Lease Asset | 477 | 464 |
| Goodwill and Other Intangible Assets Net | 258 | 267 |
| Other Long-term Assets | 937 | 956 |
| Total Assets | 45,154 | 43,682 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable | 1,137 | 1,149 |
| Labor and Fringe Benefits Payable | 566 | 532 |
| Casualty, Environmental and Other Reserves (Note 4) | 185 | 184 |
| Current Maturities of Long-term Debt (Note 7) | 1,702 | 708 |
| Income and Other Taxes Payable | 205 | 118 |
| Interest Payable | 245 | 170 |
| Other Current Liabilities | 269 | 272 |
| Total Current Liabilities | 4,309 | 3,133 |
| Casualty, Environmental and Other Reserves (Note 4) | 294 | 295 |
| Long-term Debt (Note 7) | 17,102 | 18,165 |
| Deferred Income Taxes Net | 8,030 | 7,914 |
| Long-term Lease Liability | 492 | 479 |
| Other Long-term Liabilities | 545 | 536 |
| Total Liabilities | 30,772 | 30,522 |
| Shareholders' Equity: | ||
| Common Stock, $1 Par Value | 1,842 | 1,860 |
| Other Capital | 1,134 | 948 |
| Retained Earnings | 11,608 | 10,560 |
| Accumulated Other Comprehensive Loss (Note 10) | (208) | (213) |
| Non-controlling Minority Interest | 6 | 5 |
| Total Shareholders' Equity | 14,382 | 13,160 |
| Total Liabilities and Shareholders' Equity | 45,154 | 43,682 |
Cash Flow Statement (Unaudited)
(Dollars in Millions)
| Description | Nine Months 2026 | Nine Months 2025 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Earnings | 2,861 | 2,169 |
| Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities: | ||
| Depreciation and Amortization | 1,239 | 1,276 |
| Deferred Income Taxes | 115 | 143 |
| Goodwill Impairment | — | 164 |
| Other Operating Activities | (128) | (58) |
| Changes in Operating Assets and Liabilities: | ||
| Accounts Receivable | (196) | (30) |
| Other Current Assets | 64 | (32) |
| Accounts Payable | 67 | 36 |
| Income and Other Taxes Payable | 86 | (508) |
| Other Current Liabilities | 108 | 67 |
| Net Cash Provided by Operating Activities | 4,216 | 3,227 |
| INVESTING ACTIVITIES | ||
| Property Additions | (1,712) | (2,225) |
| Purchases of Short-Term Investments | (515) | — |
| Proceeds from Sales of Short-term Investments | 153 | 72 |
| Proceeds and Advances from Property Dispositions | 144 | 64 |
| Business Acquisition, Net of Cash Acquired | — | (15) |
| Other Investing Activities | 23 | (41) |
| Net Cash Used In Investing Activities | (1,907) | (2,145) |
| FINANCING ACTIVITIES | ||
| Shares Repurchased | (1,061) | (1,284) |
| Dividends Paid | (779) | (730) |
| Long-term Debt Repaid (Note 7) | (10) | (12) |
| Long-term Debt Issued (Note 7) | — | 600 |
| Other Financing Activities | 94 | 23 |
| Net Cash Used in Financing Activities | (1,756) | (1,403) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 553 | (321) |
| CASH AND CASH EQUIVALENTS | ||
| Cash and Cash Equivalents at Beginning of Period | 670 | 933 |
| Cash and Cash Equivalents at End of Period | 1,223 | 612 |
Face scale: (Dollars in Millions). Statements found on the EDGAR/iXBRL face print as filed; the rest are presentation-friendly mappings of filer XBRL tags, at the scale noted on each table. EPS as reported. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗