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CSX Corporation cash flow statement

In fiscal 2025, CSX Corporation's operations generated $4.61bn of cash; it spent $2.90bn on capital projects, leaving free cash flow of $1.71bn. It returned $972m in dividends and $1.40bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations2,0393,2613,4912,9463,2673,3433,3703,0413,4724,6414,8504,2635,0995,5265,5145,2474,6135,602
Depreciation and amortisation9039479761,0591,1041,1511,2081,3011,3151,3311,3491,3831,4201,5021,6071,6581,6801,643
Stock-based pay1762301414331237895174291077460405471
Capital spending1,4261,8402,2972,3412,3132,4492,5622,3982,0401,7451,6571,6261,7912,1132,2572,5292,9022,389
Free cash flow6131,4211,1946059548948086431,4322,8963,1932,6373,3083,4133,2572,7181,7113,213
Free cash flow after stock pay5961,3591,1645919408617966061,3432,8453,1192,6083,2013,3393,1972,6781,6573,142
Dividends paid3453724805586006296866807087517637978398528829309721,021
Share buybacks01,4521,5647343535178041,0561,9704,6713,3738672,8864,7313,4822,2371,3961,173

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from CSX Corporation's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to CSX Corporation.