AI English summary of an SEC filing — figures as filed
CSX CSXCSX said revenue for 2024 was $14.5 billion, a decrease of $117 million or 1%, operating income was $5.2 billion, a decrease of $254 million or 5%, and diluted earnings per share was $1.79, a decrease of $0.03 or 2%.
Key points
AI summaryCSX said revenue for 2024 was $14.5 billion, a decrease of $117 million or 1%, operating income was $5.2 billion, a decrease of $254 million or 5%, and diluted earnings per share was $1.79, a decrease of $0.03 or 2%.
The company cited lower fuel recovery and lower coal revenue, which includes the impact of lower global benchmark rates, as factors in the revenue decrease. It said Quality Carriers goodwill impairment expense for 2024 was $108 million, and the non-cash impairment in Q4 was excluded from adjusted results.
CSX said free cash flow before dividends for 2024 decreased $561 million to $2.8 billion. It added that operating cash flow includes $387 million of federal and state tax payments related to the 2023 tax year, and $429 million of tax payments postponed to 2025 represent non-cash impacts.
The company said operating cash flow for 2024 of $5.2 billion did not cover property additions of $2.5 billion, share repurchases of $2.2 billion and dividends of $930 million, resulting in a cash decrease of $420 million. It added that working capital was a deficit of $456 million, compared to a surplus of $136 million at the end of the prior year.
Key figures
Fiscal year ended December 31, 2024
- Revenue
- $14.5B
- Operating income
- $5.2B
- Net income
- $3.5B
- EPS
- $1.79
- Operating cash flow
- $5.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Annual revenue, operating income and diluted earnings per share changes
CSX said revenue for 2024 was $14.5 billion, a decrease of $117 million or 1%, operating income was $5.2 billion, a decrease of $254 million or 5%, and diluted earnings per share was $1.79, a decrease of $0.03 or 2%.
Source · Based on the MD&A text of the filing
Revenue decrease factors and Quality Carriers goodwill impairment
The company cited lower fuel recovery and lower coal revenue, which includes the impact of lower global benchmark rates, as factors in the revenue decrease. It said Quality Carriers goodwill impairment expense for 2024 was $108 million, and the non-cash impairment in Q4 was excluded from adjusted results.
Source · Based on the MD&A text of the filing
Annual free cash flow decrease and tax payment conditions
CSX said free cash flow before dividends for 2024 decreased $561 million to $2.8 billion. It added that operating cash flow includes $387 million of federal and state tax payments related to the 2023 tax year, and $429 million of tax payments postponed to 2025 represent non-cash impacts.
Source · Based on the MD&A text of the filing
Cash uses and working capital deficit
The company said operating cash flow for 2024 of $5.2 billion did not cover property additions of $2.5 billion, share repurchases of $2.2 billion and dividends of $930 million, resulting in a cash decrease of $420 million. It added that working capital was a deficit of $456 million, compared to a surplus of $136 million at the end of the prior year.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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