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.

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CSX Corp., consolidated balance sheet: assets

US$ in millions

		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: Cash and cash equivalents exhibited a significant increase from 2018 to 2020, reaching a peak in 2020 at 3,129 million USD. Subsequently, a decline was noted, with amounts decreasing to 2,239 million USD in 2021 and 1,958 million USD in 2022, though remaining above the 2018 levels.
Short-term investments: Short-term investments showed considerable volatility over the period. Starting at 253 million USD in 2018, they peaked at 996 million USD in 2019, fell sharply to 2 million USD in 2020, and then partially recovered to 77 million USD in 2021 and 129 million USD in 2022.
Accounts receivable, net: Accounts receivable demonstrated a generally upward trend. After a slight decrease from 1,010 million USD in 2018 to 912 million USD in 2020, the figures rose to 1,148 million USD in 2021 and further to 1,313 million USD in 2022, suggesting increasing amounts owed by customers or improved sales activity.
Materials and supplies: The balance of materials and supplies increased steadily from 263 million USD in 2018 to 341 million USD in 2022, indicating a consistent growth in inventory levels over the years.
Other current assets: Other current assets showed fluctuations without a clear directional trend, decreasing from 181 million USD in 2018 to 77 million USD in 2019, rising to 96 million USD in 2020, then dipping to 70 million USD in 2021, and increasing again to 108 million USD in 2022.
Current assets: Total current assets increased substantially from 2,565 million USD in 2018 to 4,441 million USD in 2020, followed by a decrease to 3,873 million USD in 2021 and a slight further decrease to 3,849 million USD in 2022. The trends reflect the movements in cash, short-term investments, and receivables primarily.
Properties, net: Properties, net showed consistent growth throughout the period, increasing from 31,998 million USD in 2018 to 34,242 million USD in 2022. This steady increase likely reflects ongoing capital investments or asset revaluations.
Investment in affiliates and other companies: Investments in affiliates and other companies rose gradually from 1,779 million USD in 2018 to 2,292 million USD in 2022, indicating modest growth in strategic investments or equity holdings.
Right of use operating lease asset: This asset category appears starting in 2019 with 532 million USD, which then sees a slight decline to 472 million USD in 2020, followed by a moderate increase to 505 million USD in 2022. The inception in 2019 likely corresponds to the adoption of new lease accounting standards.
Goodwill and other intangible assets, net: Goodwill and other intangible assets remained stable at 63 million USD in 2019 and 2020 before a substantial increase to 451 million USD in 2021 and 502 million USD in 2022, indicating significant acquisitions or revaluations impacting intangible asset balances in recent years.
Other long-term assets: Other long-term assets fluctuated over the years, decreasing from 387 million USD in 2018 to 337 million USD in 2019, then increasing to 592 million USD in 2021, and declining slightly to 522 million USD in 2022, showing some variability in miscellaneous long-term holdings.
Long-term assets: Long-term assets increased steadily from 34,164 million USD in 2018 to 38,063 million USD in 2022, driven by growth in property assets, investments, and intangible assets, reflecting ongoing investment in fixed and intangible assets.
Total assets: Total assets showed a consistent upward trend, growing from 36,729 million USD in 2018 to 41,912 million USD in 2022. This overall increase is supported primarily by the rise in long-term assets, partially offset by fluctuations in current assets.

Assets: Selected Items

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Current Assets: Selected Items