Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

The statement of financial position 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 Statement of Financial Position, Assets (quarterly data)

USD $ in millions

Microsoft Excel LibreOffice Calc
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 Dec 26, 2014 Sep 26, 2014 Jun 27, 2014 Mar 28, 2014 Dec 27, 2013 Sep 27, 2013 Jun 28, 2013 Mar 29, 2013
Cash and cash equivalents 663  1,320  1,980  401  591  620  930  603  603  566  731  628  541  438  561  669  479  573  475  592  591  614  705 
Short-term investments 615  83  10  18  113  477  287  417  152  262  375  810  425  680  257  292  575  216  248  487  128  403  367 
Accounts receivable, net 1,090  1,036  1,045  970  981  1,015  943  938  925  912  917  982  1,003  1,022  1,103  1,129  1,123  1,062  1,073  1,052  981  946  976 
Materials and supplies 283  326  369  372  392  428  415  407  397  399  370  350  309  295  291  273  276  275  259  252  267  264  283 
Deferred income taxes –  –  –  –  –  –  –  –  –  –  132  126  137  132  146  141  128  123  143  155  148  144  133 
Other current assets 133  116  138  154  95  90  85  122  86  89  83  70  87  102  99  68  95  123  91  64  85  118  103 
Current assets 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  2,572  2,676  2,372  2,289  2,602  2,200  2,489  2,567 
Properties 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  39,343  38,533  38,010  37,604  37,184  36,637  36,149  35,674 
Accumulated depreciation (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) (10,759) (10,539) (10,325) (10,110) (9,893) (9,691) (9,550) (9,386)
Properties, net 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  28,584  27,994  27,685  27,494  27,291  26,946  26,599  26,288 
Investment in Conrail 941  931  918  907  864  856  847  840  830  818  811  803  793  787  778  779  775  768  756  752  715  709  703 
Affiliates and other companies 823  810  796  779  642  631  622  619  603  595  591  591  583  579  575  577  570  563  558  546  526  519  512 
Other long-term assets 442  455  435  374  316  317  324  318  303  302  307  505  500  492  479  541  608  587  583  591  556  565  516 
Long-term assets 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  30,481  29,947  29,603  29,391  29,180  28,743  28,392  28,019 
Total assets 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  33,053  32,623  31,975  31,680  31,782  30,943  30,881  30,586 

Based on: 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), 10-K (filing date: 2015-02-11), 10-Q (filing date: 2014-10-15), 10-Q (filing date: 2014-07-15), 10-Q (filing date: 2014-04-16), 10-K (filing date: 2014-02-12), 10-Q (filing date: 2013-10-16), 10-Q (filing date: 2013-07-17), 10-Q (filing date: 2013-04-16).


Assets, Selected Items

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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.

Current Assets, Selected Items

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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
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 declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 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 declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.