filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
Selected financial data related to the Company’s financial results for the last five fiscal years are listed below.
| Fiscal Years | ||||||||||||||||||||
| (Dollars and Shares in Millions, Except Per Share Amounts) | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||
| Financial Performance | ||||||||||||||||||||
| Revenue | $ | 11,937 | $ | 12,250 | $ | 11,408 | $ | 11,069 | $ | 11,811 | ||||||||||
| Expense | 6,972 | 7,381 | 7,688 | 7,656 | 8,183 | |||||||||||||||
| Operating Income | $ | 4,965 | $ | 4,869 | $ | 3,720 | $ | 3,413 | $ | 3,628 | ||||||||||
| Adjusted Operating Income(a) | 4,965 | 4,869 | 3,818 | 3,413 | 3,628 | |||||||||||||||
| Net Earnings from Continuing Operations | $ | 3,331 | $ | 3,309 | $ | 5,471 | $ | 1,714 | $ | 1,968 | ||||||||||
| Adjusted Net Earnings from Continuing Operations(a) | 3,331 | 3,309 | 2,097 | 1,714 | 1,968 | |||||||||||||||
| Operating Ratio | 58.4 | % | 60.3 | % | 67.4 | % | 69.2 | % | 69.3 | % | ||||||||||
| Adjusted Operating Ratio(a) | 58.4 | % | 60.3 | % | 66.5 | % | 69.2 | % | 69.3 | % | ||||||||||
| Net Earnings Per Share: | ||||||||||||||||||||
| From Continuing Operations, Basic | $ | 4.18 | $ | 3.86 | $ | 6.01 | $ | 1.81 | $ | 2.00 | ||||||||||
| From Continuing Operations, Assuming Dilution | 4.17 | 3.84 | 5.99 | 1.81 | 2.00 | |||||||||||||||
| Adjusted From Continuing Operations, Assuming Dilution(a) | 4.17 | 3.84 | 2.30 | 1.81 | 2.00 | |||||||||||||||
| Average Common Shares Outstanding | ||||||||||||||||||||
| Basic | 796 | 857 | 911 | 947 | 983 | |||||||||||||||
| Assuming Dilution | 798 | 861 | 914 | 948 | 984 | |||||||||||||||
| Financial Position | ||||||||||||||||||||
| Cash, Cash Equivalents and Short-term Investments | $ | 1,954 | $ | 1,111 | $ | 419 | $ | 1,020 | $ | 1,438 | ||||||||||
| Total Assets | 38,257 | 36,729 | 35,739 | 35,414 | 34,745 | |||||||||||||||
| Long-term Debt | 15,993 | 14,739 | 11,790 | 10,962 | 10,515 | |||||||||||||||
| Shareholders' Equity | 11,863 | 12,580 | 14,721 | 11,694 | 11,668 | |||||||||||||||
| Dividend Per Share | $ | 0.96 | $ | 0.88 | $ | 0.78 | $ | 0.72 | $ | 0.70 | ||||||||||
| Additional Data | ||||||||||||||||||||
| Capital Expenditures | $ | 1,657 | $ | 1,745 | $ | 2,040 | $ | 2,705 | $ | 2,562 | ||||||||||
| Employees -- Annual Averages (estimated) | 21,561 | 22,901 | 25,230 | 27,350 | 31,285 | |||||||||||||||
| Employees -- Year-end Count (estimated) | 20,908 | 22,475 | 24,006 | 26,628 | 29,410 |
(a) Adjusted operating income, adjusted net earnings and adjusted earnings per share assuming dilution are non-GAAP measures that exclude the impacts of tax reform and restructuring activities in 2017. These non-GAAP measures are unlikely to be comparable to similar measures presented by other companies. The presentation of these non-GAAP measures should not be considered in isolation from, as a substitute for, or as superior to the financial information presented in accordance with GAAP. Reconciliations of non-GAAP measures to corresponding GAAP measures are presented in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.
CSX 2019 Form 10-K p. 21
CSX CORPORATION
PART II
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