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![CSX CORP [CSX] reports annual net loss of $3.7 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCSX.png&w=1200&q=75)
CSX CORP [CSX] has reported a net loss of $3.7 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $14.7 billion
Based in JACKSONVILLE, Florida, CSX CORP operates in the TRANSPORT sector.
The Consolidated Income Statements for the company for the 12 months ended December 31 for the years 2021, 2022, and 2023 are as follows:
- **Revenue**:
- 2023: $14.657 million
- 2022: $14.853 million
- 2021: $12.522 million
- **Expense**:
- **Labor and Fringe**:
- 2023: $3.024 million
- 2022: $2.861 million
- 2021: $2.550 million
- **Purchased Services and Other**:
- 2023: $2.764 million
- 2022: $2.685 million
- 2021: $2.135 million
- **Depreciation and Amortization**:
- 2023: $1.611 million
- 2022: $1.500 million
- 2021: $1.420 million
- **Fuel**:
- 2023: $1.377 million
- 2022: $1.626 million
- 2021: $0.913 million
- **Equipment and Other Rents**:
- 2023: $0.354 million
- 2022: $0.396 million
- 2021: $0.364 million
- **Gains on Property Dispositions**:
- 2023: ($0.034) million
- 2022: ($0.238) million
- 2021: ($0.454) million
Total **Expense**:
- 2023: $9.096 million
- 2022: $8.830 million
- 2021: $6.928 million
- **Operating Income**:
- 2023: $5.561 million
- 2022: $6.023 million
- 2021: $5.594 million
- **Interest Expense**:
- 2023: ($0.809) million
- 2022: ($0.742) million
- 2021: ($0.722) million
- **Other Income - Net**:
- 2023: $0.139 million
- 2022: $0.133 million
- 2021: $0.079 million
- **Earnings Before Income Taxes**:
- 2023: $4.891 million
- 2022: $5.414 million
- 2021: $4.951 million
- **Income Tax Expense**:
- 2023: ($1.176) million
- 2022: ($1.248) million
- 2021: ($1.170) million
- **Net Earnings**:
- 2023: $3.715 million
- 2022: $4.166 million
- 2021: $3.781 million
- **Net Earnings Per Share**:
- **Basic**:
- 2023: $1.85 per share
- 2022: $1.95 per share
- 2021: $1.68 per share
- **Assuming Dilution**:
- 2023: $1.85 per share
- 2022: $1.95 per share
- 2021: $1.68 per share
- **Average Common Shares Outstanding (Millions)**:
- **Basic (shares)**:
- 2023: 2.008 million
- 2022: 2.136 million
- 2021: 2.250 million
- **Assuming Dilution (shares)**:
- 2023: 2.013 million
- 2022: 2.141 million
- 2021: 2.255 million
The company experienced a decrease in revenue in the current reporting period compared to the previous period. Additionally, the net earnings have also decreased in the current period. Basic and diluted earnings per share have shown a decline as well when compared to the previous year's figures. Operating income has seen a slight decrease in the current period.
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