Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

CSX Corp. (NASDAQ:CSX)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

CSX Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 30, 2016 Dec 25, 2015
Accounts payable 1,043  949  847  806  764 
Labor and fringe benefits payable 489  550  602  545  490 
Personal injury 42  40  43  46  57 
Occupational 10  12 
Casualty reserves 48  50  49  53  69 
Environmental reserves 31  39  31  42  42 
Other reserves 21  24  28  20  20 
Casualty, environmental and other reserves 100  113  108  115  131 
Current maturities of long-term debt 245  18  19  331  20 
Income and other taxes payable 69  106  157  129  108 
Other current liabilities 205  179  161  114  439 
Current liabilities 2,151  1,915  1,894  2,040  1,952 
Personal injury 87  103  125  124  147 
Occupational 52  46  54  52  53 
Casualty reserves 139  149  179  176  200 
Environmental reserves 43  41  59  53  40 
Other reserves 23  21  28  30  29 
Casualty, environmental and other reserves 205  211  266  259  269 
Long-term debt, excluding current portion 15,993  14,739  11,790  10,962  10,683 
Deferred income taxes, net 6,961  6,690  6,418  9,596  9,305 
Long-term lease liability 493  —  —  —  — 
Other long-term liabilities 591  594  650  863  1,162 
Long-term liabilities 24,243  22,234  19,124  21,680  21,419 
Total liabilities 26,394  24,149  21,018  23,720  23,371 
Common stock, $1 par value 773  818  890  928  966 
Other capital 346  249  217  138  113 
Retained earnings 11,404  12,157  14,084  11,253  11,238 
Accumulated other comprehensive loss (675) (661) (486) (640) (665)
Shareholders’ equity, attributable to CSX 11,848  12,563  14,705  11,679  11,652 
Noncontrolling minority interest 15  17  16  15  16 
Total shareholders’ equity 11,863  12,580  14,721  11,694  11,668 
Total liabilities and shareholders’ equity 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. CSX Corp.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. CSX Corp.’s long-term liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. CSX Corp.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Shareholders’ equity, attributable to CSX Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. CSX Corp.’s shareholders’ equity, attributable to CSX decreased from 2017 to 2018 and from 2018 to 2019.