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Tables in the 10-Q of CSX CORP

31 tables with numbers, filed Apr 22, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

(Exact name of registrant as specified in its charter)
Virginia								62-1051971
(State or other jurisdiction of incorporation or organization)							(I.R.S. Employer Identification No.)
500 Water Street	15th Floor	Jacksonville	FL			32202		904	359-3200
(Address of principal executive offices)				(Zip Code)	(Telephone number, including area code)
			No Change
(Former name, former address and former fiscal year, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:

		Page
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Consolidated Income Statements (Unaudited) - Quarters Ended March 31, 2026 and March 31, 2025	3
	Condensed Consolidated Comprehensive Income Statements (Unaudited) - Quarters Ended March 31, 2026 and March 31, 2025	3
	Consolidated Balance Sheets - At March 31, 2026 (Unaudited) and December 31, 2025	4
	Consolidated Cash Flow Statements (Unaudited) - Three Months Ended March 31, 2026 and March 31, 2025	5
	Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - Quarters Ended March 31, 2026 and March 31, 2025	6

	First Quarters
	2026	2025
Revenue	$3,482		$3,423
Expense
Labor and Fringe	812		821
Purchased Services and Other	616		774
Depreciation and Amortization	415		425
Fuel	302		275

	(Unaudited)
	March 31, 2026	December 31, 2025
ASSETS
Current Assets:
Cash and Cash Equivalents	$964		$670
Short-term Investments (Note 9)	145		5
Accounts Receivable - Net (Note 8)	1,387		1,298
Materials and Supplies	439		390

	Three Months
	2026	2025
OPERATING ACTIVITIES
Net Earnings	$807		$646
Adjustments to Reconcile Net Earnings to Net Cash Provided by Operating Activities:
Depreciation and Amortization	415		425
Deferred Income Taxes	51		13
Other Operating Activities	(47)		(4)

Three Months 2026	Common Shares Outstanding(Thousands)	Common Stock and Other Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income(a)	Non-controlling Minority Interest	Total Shareholders' Equity
Balance December 31, 2025	1,859,659	$2,808		$10,560		$(213)	$5	$13,160
Comprehensive Earnings:
Net Earnings	—	—		807		—	—	807
Other Comprehensive Income	—	—		—		1	—	1
Total Comprehensive Earnings						808
Common stock dividends, $0.14 per share	—	—		(260)		—	—	(260)
Share Repurchases	(5,686)	(6)		(216)		—	—	(222)

Three Months 2025	Common Shares Outstanding (Thousands)	Common Stock and Other Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income(a)	Non-controlling Minority Interest	Total Shareholders' Equity
Balance December 31, 2024	1,900,190	$2,746		$9,988		$(232)	$5	$12,507
Comprehensive Earnings:
Net Earnings	—	—		646		—	—	646
Other Comprehensive Income	—	—		—		5	—	5
Total Comprehensive Earnings						651
Common stock dividends, $0.13 per share	—	—		(245)		—	—	(245)
Share Repurchases	(23,707)	(24)		(727)		—	—	(751)

	First Quarters
(Dollars in Millions)	2026	2025
Share-Based Compensation Expense:
Restricted Stock Units	$4		$6
Stock Options	3		3
Stock Awards for Directors	2		3
Employee Stock Purchase Plan	2		2
Performance Units	2		—

	Granted (Thousands)	Weighted Avg. Fair Value
Performance Units	637	$50.18
Restricted Stock Units	255	42.65
Stock Options	1,271	12.83

	Pension Benefits Cost
	First Quarters
(Dollars in Millions)	2026	2025
Service Cost Included in Labor and Fringe	$6		$5
Interest Cost	25		27
Expected Return on Plan Assets	(37)		(40)
Amortization of Net Loss	6		6
Total Included in Other Income - Net	(6)		(7)

	March 31, 2026		December 31, 2025
(Dollars in Millions)	Current	Long-term	Total	Current	Long-term	Total
Casualty:
Personal Injury	$60		$94	$154			$60	$94	$154
Occupational	6		53	59			6	53	59
Total Casualty	66		147	213			66	147	213
Environmental	49		105	154			49	107	156
Other	64		48	112			69	41	110

(Dollars in Millions)	Current Portion	Long-term Portion	Total
Long-term Debt as of December 31, 2025	$708		$18,165	$18,873
2026 Activity:
Long-term Debt Repaid	(2)		—	(2)
Reclassifications	4		(4)	—
Hedging, Discount, Premium and Other Activity	—		(3)	(3)
Long-term Debt as of March 31, 2026	$710		$18,158	$18,868

(Dollars in Millions)	March 31, 2026	December 31, 2025
Notional Value of Hedged Notes	$1,300		$1,300
Fair Value Asset Adjustment to Hedged Notes	19		23
Fair Value Liability Adjustment to Hedged Notes	(92)		(87)
Carrying Amount of Hedged Notes	$1,227		$1,236

	First Quarters
(Dollars in Millions)	2026	2025
Chemicals	$722		$698
Agricultural and Food Products	409		408
Automotive	275		271
Forest Products	229		249
Metals and Equipment	220		209
Minerals	192		181

	Pension and Other Post-Employment Benefits	Interest Rate Derivatives	Other	Accumulated Other Comprehensive (Loss) Income
(Dollars in Millions)
Balance December 31, 2025, Net of Tax	$(337)		$152		$(28)	$(213)
Other Comprehensive Income (Loss)
Amounts Reclassified to Net Earnings	4		—		(2)	2
Tax Expense	(1)		—		—	(1)
Total Other Comprehensive Income (Loss)	3		—		(2)	1
Balance March 31, 2026, Net of Tax	$(334)		$152		$(30)	$(212)

Volume and Revenue (Unaudited)
Volume (Thousands of Units); Revenue (Dollars in Millions); Revenue Per Unit (Dollars)
First Quarters
	Volume	Revenue		Revenue Per Unit
	2026	2025		% Change	2026	2025		% Change	2026	2025		% Change
Chemicals	168		166		1%		$722		$698		3%		$4,298	$4,205	2%
Agricultural and Food Products	116		115		1		409		408		—		3,526	3,548	(1)
Automotive	87		87		—		275		271		1		3,161	3,115	1

	CSX Purchases of Equity Securities for the Quarter
First Quarter	Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
Beginning Balance				$1,210,467,983
January 1 - January 31, 2026	1,413,565		$35.98		1,413,565	1,159,611,337
February 1 - February 28, 2026	779,307		40.81		779,307	1,127,808,674
March 1 - March 31, 2026	3,492,737		39.85		3,492,737	988,639,327
Ending Balance	5,685,609		$39.02		5,685,609	$988,639,327

Exhibit designation	Nature of exhibit	Previously filed as exhibit to
10.1* ***	Form of LTIP Performance Unit Award Agreement
10.2* ***	Form of LTIP Performance Unit Award Agreement for Stephen F. Angel
10.3* ***	Form of LTIP Stock Option Agreement
10.4* ***	Form of LTIP Stock Option Agreement for Stephen F. Angel
10.5* ***	Form of LTIP Restricted Stock Unit Award Agreement
10.6* ***	Form of LTIP Restricted Stock Unit Award Agreement for Stephen F. Angel
Officer certifications:

Tables in the 10-Q of CSX CORP

Table 1 after “CSX CORPORATION”

Table 2 after “INDEX”

Table 3 after “(Dollars in Millions, Except Per Share Amounts)”

Table 4 after “(Dollars in Millions)”

Table 5 after “(Dollars in Millions)”

Table 6 after “(Dollars in Millions)”

Table 7 after “(Dollars in Millions)”

Table 8 after “(Dollars in Millions)”

Table 9 after “The following table sets forth the computation of basic earnings per share and earnings per share, assuming dilution.”

Table 10 after “The total average outstanding stock options that were excluded from the diluted earnings per share calculation because their effect was anti”

Table 11 after “During first quarters ended March 31, 2026, and March 31, 2025, the Company engaged in the following repurchase activities:”

Table 12 after “Total pre-tax expense and income tax benefits associated with share-based compensation are shown in the table below. Income tax benefits inc”

Table 13 after “In February 2026, the Company granted the following awards under a new long-term incentive plan ("LTIP") for the years 2026 through 2028, wh”

Table 14 after “Casualty, environmental and other reserves are reflected in the consolidated balance sheets as shown in the table below.”

Table 15 after “Independent actuaries compute the amounts of liabilities and expenses relating to these plans subject to the assumptions that the Company de”

Table 16 after “.”

Table 17 after “The cumulative adjustment to the hedged notes is included in long-term debt on the consolidated balance sheet as shown in the following tabl”

Table 18 after “The difference in the net fixed-to-float interest settlement on the derivatives is recognized in interest expense and is summarized as follo”

Table 19 after “The below table presents the Company’s revenues disaggregated by market as this best depicts how the nature, amount, timing and uncertainty ”

Table 20 after “for transportation-related services. Non-freight receivables include amounts, billed and unbilled, currently due related to government reimb”

Table 21 after “The Company's investment assets are carried at fair value on the consolidated balance sheets, within the line items short-term investments a”

Table 22 after “These investments have the following maturities:”

Table 23 after “The fair value and carrying value of the Company's long-term debt is as follows:”

Table 24 after “, for further information. Other primarily represents CSX's share of AOCI of equity method investees. Amounts reclassified in other to net e”

Table 25 after “The table below presents information about the Company's significant expenses and the required reportable segment reconciliations for the qu”

Table 26 after “Earnings per diluted share of $0.43 increased $0.09, or 26%, year over year.”

Table 27 after “ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS”

Table 28 after “The following table reconciles cash provided by operating activities (GAAP measure) to FCF before dividends (non-GAAP measure).”

Table 29 after “The Federal Railroad Administration (“FRA”) personal injury frequency index of 0.81 in first quarter 2026 improved 13% compared to prior yea”

Table 30 after “. Share repurchase activity for the first quarter 2026 is shown below. Amounts exclude the impact of excise tax on net share repurchases imp”

Table 31 after “Item 6. Exhibits”