Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

CSX Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings	4,166)	3,781)	2,765)	3,331)	3,309)
Depreciation and amortization	1,500)	1,420)	1,383)	1,349)	1,331)
Deferred income taxes	117)	167)	180)	273)	279)
Gain on property dispositions	(238)	(454)	(35)	(151)	(154)
Cash payments for restructuring charge	—)	—)	—)	—)	(15)
Other operating activities	(17)	12)	(32)	(69)	(117)
Accounts receivable	(101)	(141)	83)	45)	(46)
Other current assets	(22)	(25)	(75)	68)	101)
Accounts payable	140)	128)	(20)	98)	104)
Income and other taxes payable	(39)	72)	39)	2)	(104)
Other current liabilities	113)	139)	(25)	(96)	(47)
Changes in operating assets and liabilities	91)	173)	2)	117)	8)
Adjustments to reconcile net earnings to net cash provided by operating activities	1,453)	1,318)	1,498)	1,519)	1,332)
Net cash provided by operating activities	5,619)	5,099)	4,263)	4,850)	4,641)
Property additions	(2,133)	(1,791)	(1,626)	(1,657)	(1,745)
Purchase of short-term investments	(59)	(75)	(426)	(2,838)	(736)
Proceeds from sales of short-term investments	9)	5)	1,424)	2,108)	505)
Proceeds and advances from property dispositions	246)	529)	56)	254)	319)
Business acquisition, net of cash acquired	(227)	(541)	—)	—)	—)
Other investing activities	33)	(4)	(77)	31)	(27)
Net cash used in investing activities	(2,131)	(1,877)	(649)	(2,102)	(1,684)
Shares repurchased	(4,731)	(2,886)	(867)	(3,373)	(4,671)
Dividends paid	(852)	(839)	(797)	(763)	(751)
Long-term debt repaid	(186)	(426)	(745)	(518)	(19)
Long-term debt issued	2,000)	—)	1,000)	2,000)	3,000)
Other financing activities	—)	39)	(34)	6)	(59)
Net cash used in financing activities	(3,769)	(4,112)	(1,443)	(2,648)	(2,500)
Net increase (decrease) in cash and cash equivalents	(281)	(890)	2,171)	100)	457)
Cash and cash equivalents at beginning of period	2,239)	3,129)	958)	858)	401)
Cash and cash equivalents at end of period	1,958)	2,239)	3,129)	958)	858)

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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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	CSX Corp. net cash provided by operating activities increased from 2020 to 2021 and from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	CSX Corp. net cash used in investing activities decreased from 2020 to 2021 and from 2021 to 2022.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	CSX Corp. net cash used in financing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

CSX Corp. (NASDAQ:CSX)

Cash Flow Statement