filings.toolsItem 8. Financial Statements and Supplementary Data
12K characters. Original on sec.gov · Markdown
Item 8. Financial Statements and Supplementary Data
NOTE 16. Summarized Consolidating Financial Data, continued
Consolidating Balance Sheets
(Dollars in Millions)
| As of December 30, 2016 | CSX Corporation | CSX Transportation | Eliminations and Other | CSX Consolidated | |||||||||||
| ASSETS | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $ | 305 | $ | 281 | $ | 17 | $ | 603 | |||||||
| Short-term Investments | 415 | — | 2 | 417 | |||||||||||
| Accounts Receivable - Net | 2 | 215 | 721 | 938 | |||||||||||
| Receivable from Affiliates | 1,157 | 2,351 | (3,508 | ) | — | ||||||||||
| Materials and Supplies | — | 407 | — | 407 | |||||||||||
| Other Current Assets | — | 106 | 16 | 122 | |||||||||||
| Total Current Assets | 1,879 | 3,360 | (2,752 | ) | 2,487 | ||||||||||
| Properties | 1 | 40,518 | 2,708 | 43,227 | |||||||||||
| Accumulated Depreciation | (1 | ) | (10,634 | ) | (1,442 | ) | (12,077 | ) | |||||||
| Properties - Net | — | 29,884 | 1,266 | 31,150 | |||||||||||
| Investments in Conrail | — | — | 840 | 840 | |||||||||||
| Affiliates and Other Companies | (39 | ) | 643 | 15 | 619 | ||||||||||
| Investment in Consolidated Subsidiaries | 24,179 | — | (24,179 | ) | — | ||||||||||
| Other Long-term Assets | 2 | 607 | (291 | ) | 318 | ||||||||||
| Total Assets | $ | 26,021 | $ | 34,494 | $ | (25,101 | ) | $ | 35,414 | ||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $ | 95 | $ | 678 | $ | 33 | $ | 806 | |||||||
| Labor and Fringe Benefits Payable | 40 | 440 | 65 | 545 | |||||||||||
| Payable to Affiliates | 3,457 | 500 | (3,957 | ) | — | ||||||||||
| Casualty, Environmental and Other Reserves | — | 102 | 13 | 115 | |||||||||||
| Current Maturities of Long-term Debt | 313 | 19 | (1 | ) | 331 | ||||||||||
| Income and Other Taxes Payable | (346 | ) | 459 | 16 | 129 | ||||||||||
| Other Current Liabilities | — | 112 | 2 | 114 | |||||||||||
| Total Current Liabilities | 3,559 | 2,310 | (3,829 | ) | 2,040 | ||||||||||
| Casualty, Environmental and Other Reserves | — | 208 | 51 | 259 | |||||||||||
| Long-term Debt | 10,203 | 759 | — | 10,962 | |||||||||||
| Deferred Income Taxes - Net | (203 | ) | 9,541 | 258 | 9,596 | ||||||||||
| Other Long-term Liabilities | 783 | 410 | (330 | ) | 863 | ||||||||||
| Total Liabilities | 14,342 | 13,228 | (3,850 | ) | 23,720 | ||||||||||
| Shareholders' Equity | |||||||||||||||
| Common Stock, $1 Par Value | 928 | 181 | (181 | ) | 928 | ||||||||||
| Other Capital | 138 | 5,095 | (5,095 | ) | 138 | ||||||||||
| Retained Earnings | 11,253 | 15,994 | (15,994 | ) | 11,253 | ||||||||||
| Accumulated Other Comprehensive Loss | (640 | ) | (19 | ) | 19 | (640 | ) | ||||||||
| Noncontrolling Minority Interest | — | 15 | — | 15 | |||||||||||
| Total Shareholders' Equity | 11,679 | 21,266 | (21,251 | ) | 11,694 | ||||||||||
| Total Liabilities and Shareholders' Equity | $ | 26,021 | $ | 34,494 | $ | (25,101 | ) | $ | 35,414 |
Certain prior year data has been reclassified to conform to the current presentation.
CSX 2017 Form 10-K p. 112
CSX CORPORATION
PART II
Item 8. Financial Statements and Supplementary Data
NOTE 16. Summarized Consolidating Financial Data, continued
Consolidating Cash Flow Statements
(Dollars in Millions)
| Fiscal Year Ended December 2017 | CSX Corporation | CSX Transportation | Eliminations and Other | CSX Consolidated | |||||||||||
| Operating Activities | |||||||||||||||
| Net Cash Provided by (Used in) Operating Activities | $ | 1,719 | $ | 2,112 | $ | (359 | ) | $ | 3,472 | ||||||
| Investing Activities | |||||||||||||||
| Property Additions | — | (1,848 | ) | (192 | ) | (2,040 | ) | ||||||||
| Purchases of Short-term Investments | (774 | ) | — | (8 | ) | (782 | ) | ||||||||
| Proceeds from Sales of Short-term Investments | 1,190 | — | 3 | 1,193 | |||||||||||
| Proceeds from Property Dispositions | — | 97 | — | 97 | |||||||||||
| Other Investing Activities | (2 | ) | 94 | (55 | ) | 37 | |||||||||
| Net Cash Provided by (Used in) Investing Activities | 414 | (1,657 | ) | (252 | ) | (1,495 | ) | ||||||||
| Financing Activities | |||||||||||||||
| Long-term Debt Issued | 850 | — | — | 850 | |||||||||||
| Long-term Debt Repaid | (313 | ) | (20 | ) | — | (333 | ) | ||||||||
| Dividends Paid | (708 | ) | (600 | ) | 600 | (708 | ) | ||||||||
| Shares Repurchased | (1,970 | ) | — | — | (1,970 | ) | |||||||||
| Other Financing Activities | (23 | ) | 5 | — | (18 | ) | |||||||||
| Net Cash Provided by (Used in) Financing Activities | (2,164 | ) | (615 | ) | 600 | (2,179 | ) | ||||||||
| Net Decrease in Cash and Cash Equivalents | (31 | ) | (160 | ) | (11 | ) | (202 | ) | |||||||
| Cash and Cash Equivalents at Beginning of Period | 305 | 281 | 17 | 603 | |||||||||||
| Cash and Cash Equivalents at End of Period | $ | 274 | $ | 121 | $ | 6 | $ | 401 |
CSX 2017 Form 10-K p. 113
CSX CORPORATION
PART II
Item 8. Financial Statements and Supplementary Data
NOTE 16. Summarized Consolidating Financial Data, continued
Consolidating Cash Flow Statements
(Dollars in Millions)
| Fiscal Year Ended December 2016 | CSX Corporation | CSX Transportation | Eliminations and Other | CSX Consolidated | |||||||||||
| Operating Activities | |||||||||||||||
| Net Cash Provided by (Used in) Operating Activities | $ | 453 | $ | 2,950 | $ | (362 | ) | $ | 3,041 | ||||||
| Investing Activities | |||||||||||||||
| Property Additions | — | (2,208 | ) | (190 | ) | (2,398 | ) | ||||||||
| Purchases of Short-term Investments | (929 | ) | — | — | (929 | ) | |||||||||
| Proceeds from Sales of Short-term Investments | 1,325 | — | — | 1,325 | |||||||||||
| Proceeds from Property Dispositions | — | 195 | — | 195 | |||||||||||
| Other Investing Activities | (41 | ) | 91 | (41 | ) | 9 | |||||||||
| Net Cash Provided by (Used in) Investing Activities | 355 | (1,922 | ) | (231 | ) | (1,798 | ) | ||||||||
| Financing Activities | |||||||||||||||
| Long-term Debt Issued | 2,200 | — | — | 2,200 | |||||||||||
| Long-term Debt Repaid | (1,400 | ) | (19 | ) | — | (1,419 | ) | ||||||||
| Dividends Paid | (680 | ) | (600 | ) | 600 | (680 | ) | ||||||||
| Shares Repurchased | (1,056 | ) | — | — | (1,056 | ) | |||||||||
| Other Financing Activities | (11 | ) | (303 | ) | 1 | (313 | ) | ||||||||
| Net Cash Provided by (Used in) Financing Activities | (947 | ) | (922 | ) | 601 | (1,268 | ) | ||||||||
| Net (Decrease) Increase in Cash and Cash Equivalents | (139 | ) | 106 | 8 | (25 | ) | |||||||||
| Cash and Cash Equivalents at Beginning of Period | 444 | 175 | 9 | 628 | |||||||||||
| Cash and Cash Equivalents at End of Period | $ | 305 | $ | 281 | $ | 17 | $ | 603 |
CSX 2017 Form 10-K p. 114
CSX CORPORATION
PART II
Item 8. Financial Statements and Supplementary Data
NOTE 16. Summarized Consolidating Financial Data, continued
Consolidating Cash Flow Statements
(Dollars in Millions)
| Fiscal Year Ended December 2015 | CSX Corporation | CSX Transportation | Eliminations and Other | CSX Consolidated | |||||||||||
| Operating Activities | |||||||||||||||
| Net Cash Provided by (Used in) Operating Activities | $ | 983 | $ | 2,974 | $ | (587 | ) | $ | 3,370 | ||||||
| Investing Activities | |||||||||||||||
| Property Additions | — | (2,400 | ) | (162 | ) | (2,562 | ) | ||||||||
| Purchases of Short-term Investments | (1,734 | ) | — | (5 | ) | (1,739 | ) | ||||||||
| Proceeds from Sales of Short-term Investments | 1,175 | — | 50 | 1,225 | |||||||||||
| Proceeds from Property Dispositions | — | 147 | — | 147 | |||||||||||
| Other Investing Activities | (10 | ) | 132 | (85 | ) | 37 | |||||||||
| Net Cash Provided by (Used in) Investing Activities | (569 | ) | (2,121 | ) | (202 | ) | (2,892 | ) | |||||||
| Financing Activities | |||||||||||||||
| Long-term Debt Issued | 1,200 | — | — | 1,200 | |||||||||||
| Long-term Debt Repaid | (200 | ) | (29 | ) | — | (229 | ) | ||||||||
| Dividends Paid | (686 | ) | (750 | ) | 750 | (686 | ) | ||||||||
| Shares Repurchased | (804 | ) | — | — | (804 | ) | |||||||||
| Other Financing Activities | 10 | 1 | (11 | ) | — | ||||||||||
| Net Cash Provided by (Used in) Financing Activities | (480 | ) | (778 | ) | 739 | (519 | ) | ||||||||
| Net (Decrease) Increase in Cash and Cash Equivalents | (66 | ) | 75 | (50 | ) | (41 | ) | ||||||||
| Cash and Cash Equivalents at Beginning of Period | 510 | 100 | 59 | 669 | |||||||||||
| Cash and Cash Equivalents at End of Period | $ | 444 | $ | 175 | $ | 9 | $ | 628 |
CSX 2017 Form 10-K p. 115
CSX CORPORATION
PART II
Previous: Item 7A. Quantitative and Qualitative Disclosures about Market Risk · Next: Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
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