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.
Paying user area
Try for free
United States Steel Corp. pages available for free this week:
- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to United States Steel Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
United States Steel Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
The cash and cash equivalents show considerable fluctuations over the analyzed periods, with a notable increase starting from early 2020, peaking around the end of 2022, and then experiencing a slight decline in the first half of 2023. Receivables, net of allowances, initially exhibit a downward trend in 2019 but recover partially in 2021 before again declining toward mid-2023. Receivables from related parties show smaller values and remain relatively stable, with minor increases in recent periods.
Inventories increased significantly from 2018 through 2022, reaching a peak near the end of 2022, followed by a mild decrease in early 2023. Other current assets show steady growth, particularly from 2020 onward, suggesting increasing short-term resources beyond cash and receivables. The total current assets follow a similar upward trajectory with a dip at the end of 2020 but substantial increases through 2021 and 2022, indicating improved liquidity or operational scale.
Long-term restricted cash appears sporadically, with small amounts recorded from 2019 onward but generally without a clear trend. Operating lease assets demonstrate a gradual decline from 2018 through 2023, indicating possible lease terminations or asset reclassifications. Gross property, plant, and equipment values steadily increase through the entire period, indicating ongoing investments or capital expenditures, while accumulated depreciation also rises consistently, reflecting asset aging or usage.
Net property, plant, and equipment figures increase modestly until 2020, followed by a significant jump in 2021, and continued growth into 2023, suggesting substantial new investments or asset revaluations. Investments and long-term receivables maintain a slight decreasing trend after a peak in 2019, stabilizing through 2023. Intangible assets show a slow but consistent decline across the periods, implying amortization or write-downs.
Deferred income tax benefits fluctuate without a clear directional movement, with some missing data points in 2022 and 2023. Goodwill is absent early on but shows a sudden increase in 2020 and remains stable thereafter, reflecting acquisition activity or accounting adjustments. Other noncurrent assets grow progressively, with some volatility, peaking around 2021, then marginally declining but holding higher values compared to earlier years.
Overall noncurrent assets increase steadily throughout the periods surveyed, in line with investments in property, plant, and equipment and other long-term assets. Total assets reflect this upward trend, with a notable rise from 2019 onwards and small fluctuations observed in 2023. This growth in asset base may indicate expansion, capital investments, or acquisition activities.