On Jan. 22, major railroad operator CSX
- CSX loaded 3% fewer rail cars in 2007 than in 2006, but made up for that with an overall 11% price increase.
- Notwithstanding 9% higher fuel costs (net of hedging maneuvers), CSX reported its best full-year operating ratio in a decade.
- Have a look at the competitive context table below. Oh my gosh! It's full of stars! Our Motley Fool CAPS players say that railroads could make a great investment right now.
(Figures in millions, except per-share data)
Income Statement Highlights
FY 2007 |
FY 2006 |
Change |
|
---|---|---|---|
Sales |
$10,030 |
$9,566 |
4.9% |
Net Profit |
$1,336 |
$1,310 |
2.0% |
EPS |
$2.99 |
$2.82 |
6.0% |
Diluted Shares |
448.3 |
465.9 |
(3.8%) |
Get back to basics with the income statement.
Margin Checkup
FY 2007 |
FY 2006 |
Change* |
|
---|---|---|---|
Operating Margin |
22.5% |
22.4% |
0.1 |
Net Margin |
13.3% |
13.7% |
(0.4) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
FY 2007 |
FY 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$714 |
$900 |
(20.7%) |
Accounts Rec. |
$1,174 |
$1,174 |
0% |
Liabilities |
FY 2007 |
FY 2006 |
Change |
---|---|---|---|
Accounts Payable |
$976 |
$974 |
0.2% |
Long-Term Debt |
$6,470 |
$5,362 |
20.7% |
The balance sheet reflects the company's health.
Cash Flow Highlights
FY 2007 |
FY 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$2,184 |
$2,058 |
6.1% |
Capital Expenditures |
$1,773 |
$1,639 |
8.2% |
Free Cash Flow |
$411 |
$419 |
(1.9%) |
Free cash flow is a Fool's best friend.
Competitive Context
Market Cap* |
Trailing P/E Ratio |
CAPS Rating |
|
---|---|---|---|
Union Pacific |
$29.1 |
16.2 |
|
Burlington
Northern Santa Fe |
$27.0 |
15.2 |
|
Canadian National Railway |
$21.4 |
12.6 |
|
CSX |
$18.2 |
14.4 |
|
Norfolk
Southern |
$17.3 |
12.4 |
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