Norfolk Souther Corporation (NSC) financial statements (2021 and earlier)

Company profile

Business Address THREE COMMERCIAL PL
NORFOLK, VA 23510-2191
State of Incorp. VA
Fiscal Year End December 31
SIC 4011 - Railroads, Line-Haul Operating (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1155803586909561,101973
Cash and cash equivalents1,1155803586909561,101973
Receivables8489201,0099559459461,055
Prepaid expense     51248
Other current assets134337288282133194347
Other undisclosed current assets221244207222257341155
Total current assets:2,3182,0811,8622,1492,2912,6332,778
Noncurrent Assets
Property, plant and equipment31,34531,61431,09130,33029,75128,99227,694
Long-term investments and receivables3,5903,4283,1092,9812,7772,5722,679
Long-term investments3,5903,4283,1092,9812,7772,5722,679
Regulated entity, other noncurrent assets     47 
Other noncurrent assets709800177251736390
Deferred tax assets, net  (9,140)(8,942)(8,650)
Other undisclosed noncurrent assets    9,1408,8958,650
Total noncurrent assets:35,64435,84234,37733,56232,60131,62730,463
TOTAL ASSETS:37,96237,92336,23935,71134,89234,26033,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2791,6571,7601,612650602748
Accounts payable1,0161,4281,5051,4011,2151,0911,233
Accrued liabilities    9498 
Employee-related liabilities    134  
Taxes payable263229255211245203217
Interest and dividends payable    119123 
Other undisclosed accounts payable and accrued liabilities    (1,157)(913)(702)
Debt579316585700650700102
Other liabilities302327246233229237228
Other undisclosed current liabilities    810692702
Total current liabilities:2,1602,3002,5912,5452,3392,2311,780
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,10211,88010,5609,1369,5629,3938,924
Operating lease, liability 441
Other undisclosed long-term debt and lease obligation12,10211,43910,5609,1369,5629,3938,924
Liabilities, other than long-term debt8,9098,5591,2661,3471,74710,44810,554
Pension and other postretirement defined benefit plans, liabilities309
Accounts payable and accrued liabilities    193  
Deferred compensation liability, classified    112 116
Deferred tax liabilities, net   9,0638,817
Deferred income tax liabilities6,9226,815
Other liabilities1,9871,7441,2661,3471,4421,3851,312
Other undisclosed noncurrent liabilities  6,4606,3248,835 (425)
Total noncurrent liabilities:21,01120,43918,28616,80720,14419,84119,053
Total liabilities:23,17122,73920,87719,35222,48322,07220,833
Stockholders' equity
Stockholders' equity attributable to parent, including:14,79115,18415,07416,05512,09811,87012,079
Treasury stock, value(19)(19)(19)(19)(19)(19)(19)
Additional paid in capital2,2482,2092,2162,2542,1792,1432,148
Accumulated other comprehensive loss(594)(491)(563)(356)(487)(445)(398)
Retained earnings12,88313,20713,44014,17610,42510,19110,348
Other undisclosed stockholders' equity attributable to parent273278     
Other undisclosed stockholders' equity  288304311318329
Total stockholders' equity:14,79115,18415,36216,35912,40912,18812,408
TOTAL LIABILITIES AND EQUITY:37,96237,92336,23935,71134,89234,26033,241

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9,78911,29611,45810,5519,88810,51111,624
Cost of revenue(6,046)(6,507)(1,087)(840)(1,026)(1,054)(2,525)
Cost of goods and services sold(535)(953)(1,087)(840)(1,026)(1,054)(2,525)
Gross profit:3,7434,78910,3719,7118,8629,4579,099
Operating expenses(741)(800)(7,499)(6,965)(6,814)(7,627)(8,049)
Other undisclosed operating income  1,0878401,0261,0542,525
Operating income:3,0023,9893,9593,5863,0742,8843,575
Nonoperating income153106679271103216
Investment income, nonoperating      112
Other nonoperating income153106679271103104
Interest and debt expense(625)(604)(557)(550)(563)(545)(545)
Income from continuing operations before equity method investments, income taxes:2,5303,4913,4693,1282,5822,4423,246
Other undisclosed loss from continuing operations before income taxes      (112)
Income from continuing operations before income taxes:2,5303,4913,4693,1282,5822,4423,134
Income tax expense (benefit)(517)(769)(803)2,276(914)(886)(1,134)
Net income attributable to parent:2,0132,7222,6665,4041,6681,5562,000
Other undisclosed net loss available to common stockholders, basic(3)(5)(6)(4)(5)  
Net income available to common stockholders, basic:2,0102,7172,6605,4001,6631,5562,000
Other undisclosed net income available to common stockholders, diluted15521  
Net income available to common stockholders, diluted:2,0112,7222,6655,4021,6641,5562,000

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2,0132,7222,6665,4041,6681,5562,000
Other comprehensive income (loss)(103)72(119)131(42)(47)(17)
Comprehensive income, net of tax, attributable to parent:1,9102,7942,5475,5351,6261,5091,983

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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