Stock Analysis on Net

United States Steel Corp. (NYSE:X)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

United States Steel Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable and other accrued liabilities 2,940 3,004 2,873 3,116 3,228 3,172 2,809 2,870 2,675 2,402 1,779 1,533 1,385 2,033 1,970 2,138 2,498 2,428 2,454 2,419 2,239 2,077
Accounts payable to related parties 172 171 143 164 157 171 99 130 144 126 105 113 74 100 84 111 117 119 81 106 92 97
Accounts payable and other accrued liabilities 3,112 3,175 3,016 3,280 3,385 3,343 2,908 3,000 2,819 2,528 1,884 1,646 1,459 2,133 2,054 2,249 2,615 2,547 2,535 2,525 2,331 2,174
Payroll and benefits payable 457 388 493 482 488 407 425 542 425 285 308 312 354 325 336 345 334 333 440 425 386 326
Accrued taxes 287 267 271 245 523 492 365 315 208 168 154 109 116 118 116 107 111 115 118 144 135 131
Accrued interest 70 46 67 45 65 47 68 52 100 60 59 74 60 42 45 26 39 26 39 38 46 47
Current operating lease liabilities 48 48 49 51 53 56 58 60 56 58 59 60 58 60 60 56 54 53
Short-term debt and current maturities of long-term debt 98 91 63 59 54 60 28 61 763 45 192 262 94 99 14 67 70 66 65 4 4 281
Liabilities held for sale 80
Current liabilities 4,072 4,015 3,959 4,162 4,568 4,405 3,852 4,030 4,451 3,144 2,656 2,463 2,141 2,777 2,625 2,850 3,223 3,140 3,197 3,136 2,902 2,959
Noncurrent operating lease liabilities 90 95 105 112 119 127 136 148 145 161 163 174 185 193 177 189 188 185
Long-term debt, less unamortized discount and debt issuance costs, excluding current maturities 4,153 3,901 3,914 3,863 3,869 3,917 3,863 4,272 4,803 5,787 4,695 4,628 5,505 4,616 3,627 2,500 2,345 2,326 2,316 2,498 2,541 2,571
Employee benefits 139 146 209 204 206 195 235 202 208 288 322 543 563 584 532 905 926 954 980 666 692 728
Deferred income tax liabilities 576 479 456 588 299 216 122 200 46 54 11 6 6 6 4 8 18 12 14 7 6 6
Deferred credits and other noncurrent liabilities 461 509 504 499 506 573 505 473 488 535 333 413 497 464 550 265 279 299 272 320 311 323
Noncurrent liabilities 5,419 5,130 5,188 5,266 4,999 5,028 4,861 5,295 5,690 6,825 5,524 5,764 6,756 5,863 4,890 3,867 3,756 3,776 3,582 3,491 3,550 3,628
Total liabilities 9,491 9,145 9,147 9,428 9,567 9,433 8,713 9,325 10,141 9,969 8,180 8,227 8,897 8,640 7,515 6,717 6,979 6,916 6,779 6,627 6,452 6,587
Common stock issued 285 285 283 282 282 282 280 279 279 279 229 229 229 179 179 179 179 178 177 177 177 177
Treasury stock, at cost (1,376) (1,301) (1,204) (1,054) (877) (477) (334) (184) (183) (182) (175) (175) (175) (175) (173) (173) (155) (126) (78) (3) (1) (1)
Additional paid-in capital 5,218 5,205 5,194 5,179 5,166 5,146 5,199 5,185 5,168 5,152 4,402 4,398 4,391 4,024 4,020 3,947 3,936 3,924 3,917 3,909 3,900 3,895
Retained earnings (accumulated deficit) 6,683 6,217 6,030 5,867 5,390 4,425 3,534 2,480 480 (532) (623) (671) (438) 151 544 1,221 1,314 1,255 1,212 629 347 142
Accumulated other comprehensive income (loss) (85) (104) (85) 163 237 322 331 156 107 (90) (47) (332) (390) (454) (478) (975) (963) (996) (1,026) (771) (818) (775)
Total United States Steel Corporation stockholders’ equity 10,725 10,302 10,218 10,437 10,198 9,698 9,010 7,916 5,851 4,627 3,786 3,449 3,617 3,725 4,092 4,199 4,311 4,235 4,202 3,941 3,605 3,438
Noncontrolling interests 93 93 93 93 93 93 93 92 92 93 93 55 37 1 1 1 1 1 1 1 1 1
Stockholders’ equity 10,818 10,395 10,311 10,530 10,291 9,791 9,103 8,008 5,943 4,720 3,879 3,504 3,654 3,726 4,093 4,200 4,312 4,236 4,203 3,942 3,606 3,439
Total liabilities and stockholders’ equity 20,309 19,540 19,458 19,958 19,858 19,224 17,816 17,333 16,084 14,689 12,059 11,731 12,551 12,366 11,608 10,917 11,291 11,152 10,982 10,569 10,058 10,026

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. United States Steel Corp. current liabilities increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. United States Steel Corp. noncurrent liabilities decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. United States Steel Corp. total liabilities decreased from Q4 2022 to Q1 2023 but then increased from Q1 2023 to Q2 2023 exceeding Q4 2022 level.
Total United States Steel Corporation stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. United States Steel Corp. total United States Steel Corporation stockholders’ equity increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.