CSX said its full-year 2023 revenue fell to $14.7 billion, down $196 million (1%) from the prior year, operating income declined $462 million to $5.6 billion (8%), and diluted earnings per share fell $0.10 to $1.85 (5%).

1. 01

   CSX said its full-year 2023 revenue fell to $14.7 billion, down $196 million (1%) from the prior year, operating income declined $462 million to $5.6 billion (8%), and diluted earnings per share fell $0.10 to $1.85 (5%).

2. 02

   The company cited lower other revenue, lower fuel recovery, lower export coal pricing and declines in intermodal volume as factors behind the 2023 revenue decline. It said other revenue was down $330 million.

3. 03

   CSX said cash from operating activities was $5.5 billion in 2023, down $70 million from the prior year. It said free cash flow before dividends fell $412 million to $3.3 billion.

4. 04

   CSX said it repurchased shares for $3.5 billion and paid dividends of $882 million in 2023. It said cash, cash equivalents and short-term investments totaled $1.4 billion at year-end. The company said its working capital surplus declined to $160 million in December 2023 from $1.4 billion in December 2022.

Key figures

Fiscal year ended December 31, 2023

Revenue

$14.7B

Operating income

$5.6B

Net income

$3.7B

EPS

$1.85

Operating cash flow

$5.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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