Stock Analysis on Net
Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

Income Statement

The income statement presents information on the financial results of a company’s 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

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12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 30, 2016
Revenue 10,583  11,937  12,250  11,408  11,069 
Materials, supplies and other (1,684) (1,749) (1,931) (2,113) (2,092)
Fuel (541) (906) (1,046) (864) (713)
Cost of revenue (2,225) (2,655) (2,977) (2,977) (2,805)
Gross profit 8,358  9,282  9,273  8,431  8,264 
Labor and fringe (2,275) (2,616) (2,738) (2,914) (3,159)
Depreciation (1,383) (1,349) (1,331) (1,315) (1,301)
Equipment and other rents (338) (352) (335) (210) (415)
Restructuring charge —  —  —  (325) — 
Operating income 4,362  4,965  4,869  3,667  3,389 
Interest expense (754) (737) (639) (546) (579)
Net periodic pension and post-retirement benefit credit 42  43  38  —  — 
Interest income 17  48  32  13  10 
Debt repurchase expense (48) (10) —  —  (115)
Income from non-operating real estate activities —  —  —  —  27 
Miscellaneous income (expense) 8  7  4  8  9 
Other income (expense), net 19  88  74  21  (69)
Earnings before income taxes 3,627  4,316  4,304  3,142  2,741 
Income tax (expense) benefit (862) (985) (995) 2,329  (1,027)
Net earnings 2,765  3,331  3,309  5,471  1,714 

Based on: 10-K (filing date: 2021-02-10), 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14).

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.’s revenue decreased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. CSX Corp.’s operating income increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
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.’s earnings before income taxes increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.
Net earnings The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. CSX Corp.’s net earnings increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.