Stock Analysis on Net
Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 30, 2016 Sep 23, 2016 Jun 24, 2016 Mar 25, 2016 Dec 25, 2015 Sep 25, 2015 Jun 26, 2015 Mar 27, 2015
Cash and cash equivalents 2,898  2,391  1,995  958  1,521  853  1,188  858  663  1,320  1,980  401  591  620  930  603  603  566  731  628  541  438  561 
Short-term investments 203  487  996  1,037  878  822  253  615  83  10  18  113  477  287  417  152  262  375  810  425  680  257 
Accounts receivable, net 980  860  1,008  986  1,101  1,111  1,106  1,010  1,090  1,036  1,045  970  981  1,015  943  938  925  912  917  982  1,003  1,022  1,103 
Materials and supplies 253  246  257  261  235  222  241  263  283  326  369  372  392  428  415  407  397  399  370  350  309  295  291 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  132  126  137  132  146 
Other current assets 96  91  74  77  66  122  122  181  133  116  138  154  95  90  85  122  86  89  83  70  87  102  99 
Current assets 4,228  3,791  3,821  3,278  3,960  3,186  3,479  2,565  2,784  2,881  3,542  1,915  2,172  2,630  2,660  2,487  2,163  2,228  2,608  2,966  2,502  2,669  2,457 
Properties 45,409  45,327  45,065  45,100  45,012  44,756  44,826  44,805  44,485  44,306  44,103  44,324  44,105  43,751  43,399  43,227  42,720  42,345  41,865  41,574  40,843  40,313  39,824 
Accumulated depreciation (13,028) (13,066) (12,877) (12,932) (12,934) (12,737) (12,838) (12,807) (12,614) (12,459) (12,355) (12,560) (12,526) (12,324) (12,140) (12,077) (11,938) (11,738) (11,572) (11,400) (11,206) (11,063) (10,952)
Properties, net 32,381  32,261  32,188  32,168  32,078  32,019  31,988  31,998  31,871  31,847  31,748  31,764  31,579  31,427  31,259  31,150  30,782  30,607  30,293  30,174  29,637  29,250  28,872 
Investment in Conrail 1,012  1,001  993  982  969  959  948  943  941  931  918  907  864  856  847  840  830  818  811  803  793  787  778 
Affiliates and other companies 937  920  908  897  880  863  845  836  823  810  796  779  642  631  622  619  603  595  591  591  583  579  575 
Right-of-use lease asset 500  512  523  532  539  550  550  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term assets 385  419  401  400  369  347  344  387  442  455  435  374  316  317  324  318  303  302  307  505  500  492  479 
Long-term assets 35,215  35,113  35,013  34,979  34,835  34,738  34,675  34,164  34,077  34,043  33,897  33,824  33,401  33,231  33,052  32,927  32,518  32,322  32,002  32,073  31,513  31,108  30,704 
Total assets 39,443  38,904  38,834  38,257  38,795  37,924  38,154  36,729  36,861  36,924  37,439  35,739  35,573  35,861  35,712  35,414  34,681  34,550  34,610  35,039  34,015  33,777  33,161 

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-K (filing date: 2020-02-12), 10-Q (filing date: 2019-10-17), 10-Q (filing date: 2019-07-17), 10-Q (filing date: 2019-04-17), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-17), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-02-07), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-12), 10-Q (filing date: 2016-07-14), 10-Q (filing date: 2016-04-13), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-14), 10-Q (filing date: 2015-07-15), 10-Q (filing date: 2015-04-15).


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 decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

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 Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 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 Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.