Stock Analysis on Net
Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

$22.49

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

Common-Size Balance Sheet: Assets

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CSX Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Materials and supplies
Other current assets
Current assets
Properties, net
Investment in affiliates and other companies
Right of use operating lease asset
Goodwill and other intangible assets, net
Other long-term assets
Long-term assets
Total assets

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).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets increased notably from 2.34% in 2018 to a peak of 7.86% in 2020, before declining to 4.67% by the end of 2022. This suggests a significant accumulation of liquid assets in 2020, followed by a reduction in subsequent years, though the level remains higher than the initial years.
Short-term Investments
Short-term investments showed a modest increase from 0.69% in 2018 to 2.6% in 2019, then drastically dropped to nearly negligible levels in 2020 (0.01%) with minor recoveries in 2021 (0.19%) and 2022 (0.31%). This indicates a strategic reduction in short-term investment holdings after 2019.
Accounts Receivable, Net
The percentage of accounts receivable to total assets declined from 2.75% in 2018 to 2.29% in 2020, followed by a rising trend up to 3.13% by 2022. The increase in later years could imply either increased sales on credit or slower collections.
Materials and Supplies
This category remained relatively stable, exhibiting minor fluctuations between 0.68% and 0.84% of total assets over the period, indicating consistent inventory management practices.
Other Current Assets
Other current assets decreased substantially from 0.49% in 2018 to 0.2% in 2019 but showed slight variability afterward, ending at 0.26% in 2022. The decline suggests a reduction or reclassification of miscellaneous current asset items.
Current Assets
Current assets as a percentage of total assets increased from 6.98% in 2018 to a high of 11.16% in 2020, then decreased progressively to 9.18% in 2022. The peak in 2020 reflects the accumulation of liquid and other short-term assets during that year.
Properties, Net
Net property assets represent the largest portion of total assets throughout the period, decreasing from 87.12% in 2018 to around 81.7% by 2022. This trend suggests gradual asset base diversification or depreciation outpacing additions.
Investment in Affiliates and Other Companies
Investments in affiliates and other companies steadily increased from 4.84% to 5.47%, indicating growing strategic or financial stakes in related entities.
Right of Use Operating Lease Asset
This asset category appeared starting in 2019 at 1.39% due to reporting changes or lease capitalization practices, then declined slightly to 1.2% by 2022, showing relative stability in lease-related assets.
Goodwill and Other Intangible Assets, Net
Starting with no reported values in 2018, goodwill and intangible assets rose minimally to 0.16% in 2019 and 2020, then jumped significantly to over 1% by 2021 and 1.2% in 2022. This increase may relate to acquisitions or capitalization of intangible assets.
Other Long-term Assets
Other long-term assets showed a general increase from 1.05% in 2018 to a peak of 1.46% in 2021, before a slight decline to 1.25% in 2022, reflecting moderate variance in miscellaneous long-term holdings.
Long-term Assets
Total long-term assets decreased from 93.02% in 2018 to 88.84% in 2020, then slightly increased to 90.82% by 2022. Despite some fluctuations, the company’s asset base remained predominantly composed of long-term assets throughout the period.
Total Assets
The total assets consistently represent 100% in each reporting period, serving as the reference base for all percentages.