Stock Analysis on Net
Stock Analysis on Net
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CSX Corp. (NASDAQ:CSX)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 30, 2016 Dec 25, 2015
Cash and cash equivalents 958  858  401  603  628 
Short-term investments 996  253  18  417  810 
Accounts receivable, net 986  1,010  970  938  982 
Materials and supplies 261  263  372  407  350 
Deferred income taxes —  —  —  —  126 
Other current assets 77  181  154  122  70 
Current assets 3,278  2,565  1,915  2,487  2,966 
Properties, net 32,168  31,998  31,764  31,150  30,174 
Investment in Conrail 982  943  907  840  803 
Affiliates and other companies 897  836  779  619  591 
Right of use lease asset 532  —  —  —  — 
Other long-term assets 400  387  374  318  505 
Long-term assets 34,979  34,164  33,824  32,927  32,073 
Total assets 38,257  36,729  35,739  35,414  35,039 

Based on: 10-K (filing date: 2020-02-12), 10-K (filing date: 2019-02-06), 10-K (filing date: 2018-02-07), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-10).


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.’s current assets increased from 2017 to 2018 and from 2018 to 2019.
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.’s properties, net increased from 2017 to 2018 and from 2018 to 2019.
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.’s long-term assets increased from 2017 to 2018 and from 2018 to 2019.
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.’s total assets increased from 2017 to 2018 and from 2018 to 2019.

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.’s cash and cash equivalents increased from 2017 to 2018 and from 2018 to 2019.
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.’s short-term investments increased from 2017 to 2018 and from 2018 to 2019.
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.’s accounts receivable, net increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
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.’s materials and supplies decreased from 2017 to 2018 and from 2018 to 2019.