Norfolk Southern Corporation (NSC) financial statements (2023 and earlier)

Company profile

Business Address 650 W PEACHTREE STREET NW
ATLANTA, GA 30308
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8391,1155803586909561,101
Cash and cash equivalents8391,1155803586909561,101
Receivables9768489201,009955945946
Prepaid expense      51
Other current assets134134337288282133194
Other undisclosed current assets218221244207222257341
Total current assets:2,1672,3182,0811,8622,1492,2912,633
Noncurrent Assets
Property, plant and equipment31,65331,34531,61431,09130,33029,75128,992
Long-term investments and receivables3,7073,5903,4283,1092,9812,7772,572
Long-term investments3,7073,5903,4283,1092,9812,7772,572
Regulated entity, other noncurrent assets      47
Other noncurrent assets9667098001772517363
Deferred tax assets, net  (9,140)(8,942)
Other undisclosed noncurrent assets     9,1408,895
Total noncurrent assets:36,32635,64435,84234,37733,56232,60131,627
TOTAL ASSETS:38,49337,96237,92336,23935,71134,89234,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6561,2791,6571,7601,612650602
Accounts payable1,3511,0161,4281,5051,4011,2151,091
Accrued liabilities     9498
Employee-related liabilities     134 
Taxes payable305263229255211245203
Interest and dividends payable     119123
Other undisclosed accounts payable and accrued liabilities     (1,157)(913)
Debt553579316585700650700
Other liabilities312302327246233229237
Other undisclosed current liabilities     810692
Total current liabilities:2,5212,1602,3002,5912,5452,3392,231
Noncurrent Liabilities
Long-term debt and lease obligation, including:13,28712,10211,88010,5609,1369,5629,393
Operating lease, liability  441
Other undisclosed long-term debt and lease obligation13,28712,10211,43910,5609,1369,5629,393
Liabilities, other than long-term debt9,0448,9098,5591,2661,3471,74710,448
Accounts payable and accrued liabilities     193 
Deferred compensation liability, classified     112 
Deferred tax liabilities, net   9,063
Deferred income tax liabilities7,1656,9226,815
Other liabilities1,8791,9871,7441,2661,3471,4421,385
Other undisclosed noncurrent liabilities   6,4606,3248,835 
Total noncurrent liabilities:22,33121,01120,43918,28616,80720,14419,841
Total liabilities:24,85223,17122,73920,87719,35222,48322,072
Stockholders' equity
Stockholders' equity attributable to parent, including:13,64114,79115,18415,07416,05512,09811,870
Treasury stock, value(19)(19)(19)(19)(19)(19)(19)
Additional paid in capital2,2152,2482,2092,2162,2542,1792,143
Accumulated other comprehensive loss(402)(594)(491)(563)(356)(487)(445)
Retained earnings11,58612,88313,20713,44014,17610,42510,191
Other undisclosed stockholders' equity attributable to parent261273278    
Other undisclosed stockholders' equity   288304311318
Total stockholders' equity:13,64114,79115,18415,36216,35912,40912,188
TOTAL LIABILITIES AND EQUITY:38,49337,96237,92336,23935,71134,89234,260

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,1429,78911,29611,45810,5519,88810,511
Cost of revenue(6,180)(6,046)(6,507)(1,087)(840)(1,026)(1,054)
Cost of goods and services sold(799)(535)(953)(1,087)(840)(1,026)(1,054)
Gross profit:4,9623,7434,78910,3719,7118,8629,457
Operating expenses(515)(741)(800)(7,499)(6,965)(6,814)(7,627)
Other undisclosed operating income   1,0878401,0261,054
Operating income:4,4473,0023,9893,9593,5863,0742,884
Nonoperating income
(Other Nonoperating income)
77153106679271103
Interest and debt expense(646)(625)(604)(557)(550)(563)(545)
Income from continuing operations before income taxes:3,8782,5303,4913,4693,1282,5822,442
Income tax expense (benefit)(873)(517)(769)(803)2,276(914)(886)
Net income attributable to parent:3,0052,0132,7222,6665,4041,6681,556
Other undisclosed net loss available to common stockholders, basic(2)(3)(5)(6)(4)(5) 
Net income available to common stockholders, basic:3,0032,0102,7172,6605,4001,6631,556
Other undisclosed net income available to common stockholders, diluted215521 
Net income available to common stockholders, diluted:3,0052,0112,7222,6655,4021,6641,556

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:3,0052,0132,7222,6665,4041,6681,556
Other comprehensive income (loss)250(103)72(119)131(42)(47)
Comprehensive income:3,2551,9102,7942,5475,5351,6261,509
Other undisclosed comprehensive loss, net of tax, attributable to parent(58)      
Comprehensive income, net of tax, attributable to parent:3,1971,9102,7942,5475,5351,6261,509

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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