CSX: the cashflow

MyFinsight

For the year ending 2025-12-31, CSX had -$263M decrease in cash & cash equivalents over the period. $1,711M in free cash flow.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Net earnings	2,889	3,470	3,715	4,166
Depreciation and amortization	1,680	1,658	1,611	1,500
Goodwill impairment (note 18)	164	108	-	-
Deferred income taxes	194	12	140	117
Gains on property dispositions	-	11	34	238
Other operating activities	-70	-64	-5	-17
Accounts receivable	-88	-82	51	101
Other current assets	87	-45	120	22
Accounts payable	40	-5	83	140
Income and other taxes payable	-399	-19	431	-39
Other current liabilities	114	-29	-221	113
Net cash provided by operating activities	4,613	5,247	5,549	5,619
Property additions	2,902	2,529	2,281	2,133
Purchases of short-term investments	0	66	104	59
Proceeds from sales of short-term investments	80	91	153	9
Proceeds and advances from property dispositions	78	66	52	246
Business acquisition, net of cash acquired	16	70	31	227
Other investing activities	91	97	76	-33
Net cash used in investing activities	-2,851	-2,605	-2,287	-2,131
Shares repurchased	1,396	2,237	3,482	4,731
Dividends paid	972	930	882	852
Long-term debt repaid	613	558	153	186
Long-term debt issued (note 10)	900	550	600	2,000
Other financing activities	56	113	50	0
Net cash used in financing activities	-2,025	-3,062	-3,867	-3,769
Net decrease in cash and cash equivalents	-263	-420	-605	-281
Cash and cash equivalents at beginning of period	933	1,353	1,958	2,239
Cash and cash equivalents at end of period	670	933	1,353	1,958

Unit: Million (M) dollars