CSX CORP

For the period ended Mar 31, 2025. Filed Apr 16, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 16, 2025

CSX$49.12-3.4%Stored close · as of Nov 6, 2026

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Contents

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025

INDEX

Page
PART I. · FINANCIAL INFORMATION
Item 1.	Financial Statements	3
	Consolidated Income Statements (Unaudited) - Quarters Ended March 31, 2025 and March 31, 2024	3
	Condensed Consolidated Comprehensive Income Statements (Unaudited) - Quarters Ended March 31, 2025 and March 31, 2024	3
	Consolidated Balance Sheets - At March 31, 2025 (Unaudited) and December 31, 2024	4
	Consolidated Cash Flow Statements (Unaudited) - Three Months Ended March 31, 2025 and March 31, 2024	5
	Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - Quarters Ended March 31, 2025 and March 31, 2024	6
	Notes to Consolidated Financial Statements (Unaudited)	7
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	29
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	43
Item 4.	Controls and Procedures	43
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	44
Item 1A.	Risk Factors	44
Item 2.	CSX Purchases of Equity Securities	44
Item 3.	Defaults Upon Senior Securities	45
Item 4.	Mine Safety Disclosures	45
Item 5.	Other Information	45
Item 6.	Exhibits	46
Signature		47

CSX Q1 2025 Form 10-Q p.2

PART I - FINANCIAL INFORMATION

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