Norfolk Souther Corporation (NSC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5803586909561,1019731,561
Cash and cash equivalents5803586909561,1019731,443
Short-term investments      118
Receivables9201,0099559459461,0551,024
Prepaid expense    51248 
Other current assets33728828213319434787
Other undisclosed current assets244207222257341155403
Total current assets:2,0811,8622,1492,2912,6332,7783,075
Noncurrent Assets
Property, plant and equipment31,61431,09130,33029,75128,99227,69426,645
Long-term investments and receivables3,4283,1092,9812,7772,5722,6792,439
Long-term investments3,4283,1092,9812,7772,5722,6792,439
Regulated entity, other noncurrent assets    47  
Other noncurrent assets800177251736390324
Deferred tax assets, net  (9,140)(8,942)(8,650)(8,362)
Other undisclosed noncurrent assets   9,1408,8958,6508,362
Total noncurrent assets:35,84234,37733,56232,60131,62730,46329,408
TOTAL ASSETS:37,92336,23935,71134,89234,26033,24132,483
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6571,7601,612650602748685
Accounts payable1,4281,5051,4011,2151,0911,2331,265
Accrued liabilities   9498  
Employee-related liabilities   134   
Taxes payable229255211245203217225
Interest and dividends payable   119123  
Other undisclosed accounts payable and accrued liabilities   (1,157)(913)(702)(805)
Debt316585700650700102545
Other liabilities327246233229237228270
Other undisclosed current liabilities   810692702805
Total current liabilities:2,3002,5912,5452,3392,2311,7802,305
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,88010,5609,1369,5629,3938,9248,903
Operating lease, liability441
Other undisclosed long-term debt and lease obligation11,43910,5609,1369,5629,3938,9248,903
Liabilities, other than long-term debt8,5591,2661,3471,74710,44810,55410,672
Pension and other postretirement defined benefit plans, liabilities309566
Accounts payable and accrued liabilities   193   
Deferred compensation liability, classified   112 116120
Deferred tax liabilities, net   9,0638,8178,542
Deferred income tax liabilities6,815
Other liabilities1,7441,2661,3471,4421,3851,3121,444
Other undisclosed noncurrent liabilities 6,4606,3248,835 (425)(686)
Total noncurrent liabilities:20,43918,28616,80720,14419,84119,05318,889
Total liabilities:22,73920,87719,35222,48322,07220,83321,194
Stockholders' equity
Stockholders' equity attributable to parent, including:15,18415,07416,05512,09811,87012,07910,960
Treasury stock, value(19)(19)(19)(19)(19)(19)(19)
Additional paid in capital2,2092,2162,2542,1792,1432,1482,021
Accumulated other comprehensive loss(491)(563)(356)(487)(445)(398)(381)
Retained earnings13,20713,44014,17610,42510,19110,3489,339
Other undisclosed stockholders' equity attributable to parent278      
Other undisclosed stockholders' equity 288304311318329329
Total stockholders' equity:15,18415,36216,35912,40912,18812,40811,289
TOTAL LIABILITIES AND EQUITY:37,92336,23935,71134,89234,26033,24132,483

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11,29611,45810,5519,88810,51111,62411,245
Cost of revenue(6,507)(1,087)(840)(1,026)(1,054)(2,525)(2,529)
Cost of goods and services sold(953)(1,087)(840)(1,026)(1,054)(2,525)(2,529)
Gross profit:4,78910,3719,7118,8629,4579,0998,716
Operating expenses(800)(7,499)(6,965)(6,814)(7,627)(8,049)(7,988)
Other undisclosed operating income 1,0878401,0261,0542,5252,529
Operating income:3,9893,9593,5863,0742,8843,5753,257
Nonoperating income106679271103216346
Investment income, nonoperating     112113
Other nonoperating income106679271103104233
Interest and debt expense(604)(557)(550)(563)(545)(545)(525)
Income from continuing operations before equity method investments, income taxes:3,4913,4693,1282,5822,4423,2463,078
Income from equity method investments      42
Other undisclosed loss from continuing operations before income taxes     (112)(155)
Income from continuing operations before income taxes:3,4913,4693,1282,5822,4423,1342,965
Income tax expense (benefit)(769)(803)2,276(914)(886)(1,134)(1,055)
Net income attributable to parent:2,7222,6665,4041,6681,5562,0001,910
Other undisclosed net loss available to common stockholders, basic(5)(6)(4)(5)   
Net income available to common stockholders, basic:2,7172,6605,4001,6631,5562,0001,910
Other undisclosed net income available to common stockholders, diluted5521   
Net income available to common stockholders, diluted:2,7222,6655,4021,6641,5562,0001,910

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2,7222,6665,4041,6681,5562,0001,910
Other comprehensive income (loss)72(119)131(42)(47)(17)728
Comprehensive income, net of tax, attributable to parent:2,7942,5475,5351,6261,5091,9832,638

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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