Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

CSX Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue	14,853)	12,522)	10,583)	11,937)	12,250)
Labor and fringe	(2,861)	(2,550)	(2,275)	(2,616)	(2,738)
Purchased services and other	(2,685)	(2,135)	(1,719)	(1,900)	(2,085)
Fuel	(1,626)	(913)	(541)	(906)	(1,046)
Depreciation and amortization	(1,500)	(1,420)	(1,383)	(1,349)	(1,331)
Equipment and other rents	(396)	(364)	(338)	(352)	(335)
Gains on property dispositions	238)	454)	35)	151)	154)
Expense	(8,830)	(6,928)	(6,221)	(6,972)	(7,381)
Operating income	6,023)	5,594)	4,362)	4,965)	4,869)
Interest expense	(742)	(722)	(754)	(737)	(639)
Net periodic pension and post-retirement benefit credit	79)	64)	42)	43)	38)
Interest income	42)	7)	17)	48)	32)
Debt repurchase expense	—)	—)	(48)	(10)	—)
Miscellaneous income	12)	8)	8)	7)	4)
Other income, net	133)	79)	19)	88)	74)
Earnings before income taxes	5,414)	4,951)	3,627)	4,316)	4,304)
Income tax expense	(1,248)	(1,170)	(862)	(985)	(995)
Net earnings	4,166)	3,781)	2,765)	3,331)	3,309)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	CSX Corp. revenue increased from 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	CSX Corp. operating income increased from 2020 to 2021 and from 2021 to 2022.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	CSX Corp. earnings before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	CSX Corp. net earnings increased from 2020 to 2021 and from 2021 to 2022.

CSX Corp. (NASDAQ:CSX)

Income Statement