filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
For information regarding factors that could affect the Company's results of operations, financial condition and liquidity, see the risk factors discussed under Part I, Item 1A (Risk Factors) of CSX's most recent annual report on Form 10-K. See also Part I, Item 2 (Forward-Looking Statements) of this quarterly report on Form 10-Q.
Item 2. CSX Purchases of Equity Securities
During fourth quarter 2023, the Company began repurchasing shares under the $5 billion share repurchase program approved in October 2023. Total repurchase authority remaining as of March 31, 2025 was $1.8 billion. For more information about share repurchases, see Note 2, Earnings Per Share. Share repurchase activity for the first quarter 2025 is shown below. Amounts exclude the impact of excise tax on net share repurchases imposed as part of the Inflation Reduction Act of 2022.
| 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 | $ | 2,586,389,217 | ||||||||||||
| January 1 - January 31, 2025 | 6,557,512 | $ | 32.36 | 6,557,512 | 2,374,163,146 | |||||||||
| February 1 - February 28, 2025 | 7,812,190 | 32.56 | 7,812,190 | 2,119,808,475 | ||||||||||
| March 1 - March 31, 2025 | 9,337,565 | 30.41 | 9,337,565 | 1,835,873,157 | ||||||||||
| Ending Balance | 23,707,267 | $ | 31.66 | 23,707,267 | $ | 1,835,873,157 |
CSX Q1 2025 Form 10-Q p.44
CSX CORPORATION
PART II
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not Applicable
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