CSX Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.89B | $3.47B | $3.67B | $4.11B | $3.78B | $2.77B | $3.33B | $3.31B |
| Depreciation & Amortization | $1.68B | $1.66B | $1.61B | $1.50B | $1.42B | $1.38B | — | — |
| Depreciation | — | — | — | $80.0M | $1.40B | $1.40B | $1.35B | $1.33B |
| Amortization | $12.0M | $12.0M | $10.0M | $10.0M | $5.0M | $0 | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $4.61B | $5.25B | $5.51B | $5.53B | $5.10B | $4.26B | $4.85B | $4.64B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.90B | $2.53B | $2.26B | $2.11B | $1.79B | $1.63B | $1.66B | $1.75B |
| Business Acquisitions | $16.0M | $70.0M | $31.0M | $227.0M | $541.0M | $0 | $0 | — |
| Net Cash from Investing Activities | $-2.85B | $-2.61B | $-2.23B | $-2.06B | $-1.88B | $-649.0M | $-2.10B | $-1.68B |
| Financing Activities | ||||||||
| Dividends Paid | $972.0M | $930.0M | $882.0M | $852.0M | $839.0M | $797.0M | $763.0M | $751.0M |
| Stock Repurchases | $1.40B | $2.24B | $3.48B | $4.73B | $2.89B | $867.0M | $3.37B | $4.67B |
| Net Cash from Financing Activities | $-2.03B | $-3.06B | $-3.87B | $-3.77B | $-4.11B | $-1.44B | $-2.65B | $-2.50B |
| Net Change in Cash | $-263.0M | $-420.0M | $-580.0M | $-306.0M | $-890.0M | $2.17B | $100.0M | $457.0M |
| Free Cash Flow | $1.71B | $2.72B | $3.26B | $3.41B | $3.31B | $2.64B | $3.19B | $2.90B |