Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Balance Sheet: Assets 

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

CSX Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 1,958 2,239 3,129 958 858
Short-term investments 129 77 2 996 253
Accounts receivable, net 1,313 1,148 912 986 1,010
Materials and supplies 341 339 302 261 263
Other current assets 108 70 96 77 181
Current assets 3,849 3,873 4,441 3,278 2,565
Properties, net 34,242 33,015 32,444 32,168 31,998
Investment in affiliates and other companies 2,292 2,099 1,985 1,879 1,779
Right of use operating lease asset 505 501 472 532
Goodwill and other intangible assets, net 502 451 63 63
Other long-term assets 522 592 388 337 387
Long-term assets 38,063 36,658 35,352 34,979 34,164
Total assets 41,912 40,531 39,793 38,257 36,729

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. CSX Corp. current assets decreased from 2020 to 2021 and from 2021 to 2022.
Properties, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. CSX Corp. properties, net increased from 2020 to 2021 and from 2021 to 2022.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. CSX Corp. long-term assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. CSX Corp. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. CSX Corp. cash and cash equivalents decreased from 2020 to 2021 and from 2021 to 2022.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. CSX Corp. short-term investments increased from 2020 to 2021 and from 2021 to 2022.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. CSX Corp. accounts receivable, net increased from 2020 to 2021 and from 2021 to 2022.
Materials and supplies Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. CSX Corp. materials and supplies increased from 2020 to 2021 and from 2021 to 2022.