Balance Sheet: Assets
Quarterly Data

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.

CSX Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	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
Cash and cash equivalents	1,291)	1,958)	2,311)	724)	1,936)	2,239)	2,179)	2,986)	2,955)	3,129)	2,898)	2,391)	1,995)	958)	1,521)	853)	1,188)	858)	663)	1,320)	1,980)
Short-term investments	178)	129)	88)	88)	96)	77)	—)	4)	2)	2)	1)	203)	487)	996)	1,037)	878)	822)	253)	615)	83)	10)
Accounts receivable, net	1,377)	1,313)	1,467)	1,489)	1,277)	1,148)	1,326)	1,192)	957)	912)	980)	860)	1,008)	986)	1,101)	1,111)	1,106)	1,010)	1,090)	1,036)	1,045)
Materials and supplies	394)	341)	365)	379)	351)	339)	303)	289)	298)	302)	253)	246)	257)	261)	235)	222)	241)	263)	283)	326)	369)
Other current assets	115)	108)	79)	104)	97)	70)	89)	102)	93)	96)	96)	91)	74)	77)	66)	122)	122)	181)	133)	116)	138)
Current assets	3,355)	3,849)	4,310)	2,784)	3,757)	3,873)	3,897)	4,573)	4,305)	4,441)	4,228)	3,791)	3,821)	3,278)	3,960)	3,186)	3,479)	2,565)	2,784)	2,881)	3,542)
Properties	48,441)	48,105)	47,734)	47,446)	46,597)	46,505)	46,226)	45,714)	45,593)	45,530)	45,409)	45,327)	45,065)	45,100)	45,012)	44,756)	44,826)	44,805)	44,485)	44,306)	44,103)
Accumulated depreciation	(14,148)	(13,863)	(13,778)	(13,802)	(13,613)	(13,490)	(13,412)	(13,228)	(13,190)	(13,086)	(13,028)	(13,066)	(12,877)	(12,932)	(12,934)	(12,737)	(12,838)	(12,807)	(12,614)	(12,459)	(12,355)
Properties, net	34,293)	34,242)	33,956)	33,644)	32,984)	33,015)	32,814)	32,486)	32,403)	32,444)	32,381)	32,261)	32,188)	32,168)	32,078)	32,019)	31,988)	31,998)	31,871)	31,847)	31,748)
Investment in affiliates and other companies	2,313)	2,292)	2,289)	2,252)	2,143)	2,099)	2,059)	2,033)	2,007)	1,985)	1,949)	1,921)	1,901)	1,879)	1,849)	1,822)	1,793)	1,779)	1,764)	1,741)	1,714)
Right-of-use operating lease asset	489)	505)	506)	489)	496)	501)	508)	462)	467)	472)	500)	512)	523)	532)	539)	550)	550)	—)	—)	—)	—)
Goodwill and other intangible assets, net	500)	502)	537)	557)	453)	451)	451)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	528)	522)	644)	640)	619)	592)	400)	461)	510)	451)	385)	419)	401)	400)	369)	347)	344)	387)	442)	455)	435)
Long-term assets	38,123)	38,063)	37,932)	37,582)	36,695)	36,658)	36,232)	35,442)	35,387)	35,352)	35,215)	35,113)	35,013)	34,979)	34,835)	34,738)	34,675)	34,164)	34,077)	34,043)	33,897)
Total assets	41,478)	41,912)	42,242)	40,366)	40,452)	40,531)	40,129)	40,015)	39,692)	39,793)	39,443)	38,904)	38,834)	38,257)	38,795)	37,924)	38,154)	36,729)	36,861)	36,924)	37,439)

An analysis of the quarterly financial data reveals several noteworthy trends across current assets, long-term assets, and total assets over the observed period.

Cash and Cash Equivalents: Cash and cash equivalents exhibit considerable volatility throughout the period. Starting at 1,980 million USD in the first quarter of 2018, there is a decline to a low point of 663 million USD by September 2018, followed by fluctuations peaking at 3,129 million USD by December 2020. Post-2020, a downward trend is observable, with values fluctuating but generally declining to around 1,291 million USD by the first quarter of 2023.
Short-term Investments: Short-term investments show a generally inconsistent pattern with some quarters missing data. Values rose substantially from minimal amounts in early 2018 to over 1,000 million USD by late 2019, followed by a sharp decline in 2020 to nearly zero at some points. Subsequently, there appears to be a gradual recovery reaching 178 million USD by the latest quarter.
Accounts Receivable, Net: Accounts receivable demonstrate moderate growth over the timeframe, rising from 1,045 million USD in early 2018 to a peak of approximately 1,489 million USD by the third quarter of 2022, before a slight decline towards 1,377 million USD in the first quarter of 2023. The general upward trend suggests increasing sales or credit extended to customers.
Materials and Supplies: This item shows a relatively stable trend with minor fluctuations. Beginning at 369 million USD in early 2018, the balance decreases until 2019 and then gradually increases to near 394 million USD by early 2023, demonstrating modest growth in inventory or materials held.
Other Current Assets: Other current assets maintain relatively small and somewhat volatile values throughout the quarters, ranging roughly from 66 million to 138 million USD without a clear directional trend.
Current Assets: Total current assets exhibit variability reflective of changes in cash, investments, receivables, and inventories. Initial values declined from 3,542 million USD in the first quarter of 2018 to a low near 2,565 million USD at the end of that year, followed by general increases and fluctuations, peaking near 4,573 million USD in mid-2021. Thereafter, a gradual decline ensues, with some recovery near 4,310 million USD in late 2022 and subsequently down to approximately 3,355 million USD in early 2023.
Properties, Net of Accumulated Depreciation: Net properties have experienced steady but slow growth throughout the period. Gross properties increased consistently from 44,103 million USD at the start of 2018 to 48,441 million USD by the first quarter of 2023. Accumulated depreciation likewise increased steadily, rising the net value from 31,748 million USD to nearly 34,293 million USD over the same period, indicating ongoing asset additions partially offset by systematic depreciation.
Investments in Affiliates and Other Companies: This item shows a steady upward trend, growing from 1,714 million USD in early 2018 to 2,313 million USD by early 2023, suggesting incremental investments or capital appreciation in affiliates.
Right-of-Use Operating Lease Asset: Data for this asset begins to appear starting mid-2019. It demonstrates a gradual decline from 550 million USD down to around 489 million USD by early 2023, indicating ongoing amortization or lease terminations.
Goodwill and Other Intangible Assets, Net: This category is first reported in late 2020 at 451 million USD, rising slightly to a peak near 557 million USD in late 2021, then tapering off to about 500 million USD by early 2023, reflecting possible impairments or amortization effects.
Other Long-Term Assets: The values fluctuate over time with a mild upward tendency from 435 million USD to around 528 million USD, with some peaks and troughs, indicating variable investments or asset reclassifications.
Long-Term Assets and Total Assets: Long-term assets show a steady increase from 33,897 million USD in early 2018 to approximately 38,123 million USD by early 2023. Total assets follow a similar pattern, with an increase from 37,439 million USD to a peak above 42,242 million USD in the last quarter of 2022 before slightly declining to 41,478 million USD by early 2023, reflecting overall asset base growth with minor recent contraction.

In summary, the data reveals a pattern of growth in property, long-term investments, and accounts receivable, while cash and short-term investments demonstrate significant volatility. Current assets and total assets generally trend upward over the medium term but show some signs of moderation or contraction in recent quarters. Intangible assets and right-of-use lease assets also display minor declines after initial increases, suggesting normal amortization and asset lifecycle dynamics.

CSX Corp. (NASDAQ:CSX)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

CSX Corp. (NASDAQ:CSX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data