NSC

Norfolk Southern

Industrials

Rail Transportation

Atlanta, Georgia

Balance Sheet 30 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets - CashAndCashEquivalents	$1.6B	$1.6B	$456.0M	$839.0M	$1.1B
Assets - AccountsReceivable	$1.1B	$1.1B	$1.1B	$976.0M	$848.0M
Assets - MaterialsAndSupplies	$277.0M	$264.0M	$253.0M	$218.0M	$221.0M
Assets - PrepaidExpensesAndOtherCurrentAssets	$201.0M	$292.0M	$150.0M	$134.0M	$134.0M
Assets - TotalCurrentAssets	$3.2B	$3.3B	$2.0B	$2.2B	$2.3B
Assets - Property,PlantAndEquipment	$35.8B	$33.3B	$32.2B	$31.7B	$31.3B
Assets - OperatingLeaseAssets	$271.0M	$390.0M	$407.0M	$411.0M	$433.0M
Assets - InvestmentsInAffiliatesAndJointVentures	$3.2B	$3.0B	$2.9B	$2.8B	$2.7B
Assets - DeferredTaxAssets	$425.0M	$539.0M	$332.0M	$401.0M	$452.0M
Assets - OtherNoncurrentAssets	$1.3B	$1.2B	$1.0B	$966.0M	$709.0M
Assets - TotalAssets	$43.7B	$41.7B	$38.9B	$38.5B	$38.0B
Liabilities - AccountsPayableAndAccruedLiabilities	$1.7B	$1.6B	$1.3B	$1.4B	$1.0B
Liabilities - ShortTermDebtAndCurrentPortionOfLongTermDebt	$555.0M	$4.0M	$603.0M	$553.0M	$579.0M
Liabilities - OperatingLeaseLiabilitiesCurrent	$81.0M	$105.0M	$94.0M	$82.0M	$89.0M
Liabilities - TotalCurrentLiabilities	$3.5B	$2.6B	$2.6B	$2.5B	$2.2B
Liabilities - LongTermDebt	$16.7B	$17.2B	$14.5B	$13.3B	$12.1B
Liabilities - OperatingLeaseLiabilitiesNoncurrent	$191.0M	$287.0M	$316.0M	$331.0M	$344.0M
Liabilities - DeferredTaxLiabilitiesNoncurrent	$7.4B	$7.2B	$7.3B	$7.2B	$6.9B
Liabilities - PensionAndOtherPostretirementBenefitsLiabilitiesNoncurrent	$90.0M	$80.0M	$91.0M	$109.0M	$107.0M
Liabilities - OtherNoncurrentLiabilities	$1.8B	$1.8B	$1.8B	$1.9B	$2.0B
Liabilities - TotalLiabilities	$29.4B	$28.9B	$26.2B	$24.9B	$23.2B
Equity - CommonStock	$228.0M	$227.0M	$230.0M	$242.0M	$254.0M
Equity - AdditionalPaidInCapital	$2.2B	$2.2B	$2.2B	$2.2B	$2.2B
Equity - RetainedEarnings(deficit)	$12.1B	$10.7B	$10.7B	$11.6B	$12.9B
Equity - AccumulatedOtherComprehensiveIncome(loss)	$-262.0M	$-320.0M	$-351.0M	$-402.0M	$-594.0M
Equity - TotalStockholdersEquity	$14.3B	$12.8B	$12.7B	$13.6B	$14.8B
Equity - TotalLiabilitiesAndStockholdersEquity	$43.7B	$41.7B	$38.9B	$38.5B	$38.0B
Equity - TotalLiabilitiesandEquity	$43.7B	$41.7B	$38.9B	$38.5B	$38.0B
Validation - L+E Components Sum Difference	$0	$0	$0	$0	$0

Income Statement 21 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement - Revenues - FreightRevenue	$12.1B	$12.2B	$12.7B	$11.1B	$9.8B
IncomeStatement - OperatingExpenses - LaborAndFringeBenefits	$2.8B	$2.8B	$2.6B	$2.4B	$2.4B
IncomeStatement - OperatingExpenses - Fuel	$987.0M	$1.2B	$1.5B	$799.0M	$535.0M
IncomeStatement - OperatingExpenses - PurchasedServicesAndMaterials	$277.0M	$264.0M	$253.0M	$218.0M	$221.0M
IncomeStatement - OperatingExpenses - DepreciationAndAmortization	$1.4B	$1.3B	$1.2B	$1.2B	$1.2B
IncomeStatement - OperatingExpenses - EquipmentAndOtherRents	$102.0M	$115.0M	$101.0M	$106.0M	$109.0M
IncomeStatement - OperatingExpenses - TotalOperatingExpenses	$8.1B	$9.3B	$7.9B	$6.7B	$6.8B
IncomeStatement - OtherIncomeExpense - OperatingIncome(loss)	$4.1B	$2.9B	$4.8B	$4.4B	$3.0B
IncomeStatement - OtherIncomeExpense - InterestExpense	$807.0M	$722.0M	$692.0M	$646.0M	$625.0M
IncomeStatement - OtherIncomeExpense - OtherIncome(expense),Net	$65.0M	$191.0M	$13.0M	$77.0M	$153.0M
IncomeStatement - OtherIncomeExpense - Income(loss)BeforeIncomeTaxes	$3.3B	$2.3B	$4.1B	$3.9B	$2.5B
IncomeStatement - IncomeTax - IncomeTaxExpense(benefit)	$707.0M	$493.0M	$860.0M	$873.0M	$517.0M
IncomeStatement - IncomeTax - EffectiveTaxRate	$0	$0	$0	$0	$0
IncomeStatement - NetIncomeAndEps - NetIncome(loss)	$2.6B	$1.8B	$3.3B	$3.0B	$2.0B
IncomeStatement - NetIncomeAndEps - NetIncome(loss)AvailableToCommonStockholders	$2.6B	$1.8B	$3.3B	$3.0B	$2.0B
IncomeStatement - NetIncomeAndEps - BasicEarningsPerShare	$12	$8	$14	$12	$8
IncomeStatement - NetIncomeAndEps - DilutedEarningsPerShare	$12	$8	$14	$12	$8
IncomeStatement - NetIncomeAndEps - WeightedAverageSharesOutstandingBasic	$226.1M	$226.9M	$234.8M	$246.9M	$255.1M
IncomeStatement - NetIncomeAndEps - WeightedAverageSharesOutstandingDiluted	$226.4M	$227.4M	$235.6M	$248.1M	$256.6M
IncomeStatement - NetIncomeAndEps - ComprehensiveIncome(loss)	$2.7B	$1.9B	$3.3B	$3.2B	$1.9B

Cash Flow Statement 24 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow - OperatingActivities - NetIncome	$2.6B	$1.8B	$3.3B	$3.0B	$2.0B
CashFlow - OperatingActivities - DepreciationAndAmortization	$1.4B	$1.3B	$1.2B	$1.2B	$1.2B
CashFlow - OperatingActivities - ShareBasedCompensation	$40.0M	$40.0M	$53.0M	$54.0M	$28.0M
CashFlow - OperatingActivities - DeferredIncomeTaxes	$176.0M	$-49.0M	$83.0M	$184.0M	$142.0M
CashFlow - OperatingActivities - Gains/lossesOnAssetDispositions	$490.0M	$49.0M	$82.0M	$86.0M	$39.0M
CashFlow - OperatingActivities - ChangesInOperatingAssetsAndLiabilities	$471.0M	$502.0M	$247.0M	$419.0M	$-63.0M
CashFlow - OperatingActivities - OtherOperatingCashFlows	$-234.0M	$-216.0M	$-69.0M	$-176.0M	$-248.0M
CashFlow - OperatingActivities - NetCashFromOperatingActivities	$4.1B	$3.2B	$4.2B	$4.3B	$3.6B
CashFlow - InvestingActivities - CapitalExpenditures	$2.4B	$2.3B	$1.9B	$1.5B	$1.5B
CashFlow - InvestingActivities - ProceedsFromSaleOfProperty,PlantAndEquipment	$558.0M	$86.0M	$263.0M	$159.0M	$333.0M
CashFlow - InvestingActivities - PurchasesOfOtherInvestments	$319.0M	$124.0M	$12.0M	$10.0M	$13.0M
CashFlow - InvestingActivities - OtherInvestingActivities	$-1.0B	$-205.0M	$-94.0M	$-99.0M	$1.0M
CashFlow - InvestingActivities - NetCashFromInvestingActivities	$-2.8B	$-2.2B	$-1.6B	$-1.2B	$-1.2B
CashFlow - FinancingActivities - ProceedsFromIssuanceOfDebt(shortAndLongTerm)	$1.1B	$3.3B	$1.8B	$1.7B	$784.0M
CashFlow - FinancingActivities - RepaymentsOfDebt(shortAndLongTerm)	$1.1B	$1.3B	$553.0M	$584.0M	$381.0M
CashFlow - FinancingActivities - PaymentsForRepurchaseOfCommonStock	$0	$622.0M	$3.1B	$3.4B	$1.4B
CashFlow - FinancingActivities - PaymentOfDividends	$1.2B	$1.2B	$1.2B	$1.0B	$960.0M
CashFlow - FinancingActivities - ProceedsFromStockOptionsExercised	$41.0M	$19.0M	$25.0M	$42.0M	$98.0M
CashFlow - FinancingActivities - NetCashFromFinancingActivities	$-1.2B	$115.0M	$-3.0B	$-3.3B	$-1.9B
CashFlow - CashReconciliationAndSupplemental - EffectOfExchangeRateChangesOnCash	$73.0M	$1.1B	$-383.0M	$-276.0M	$535.0M
CashFlow - CashReconciliationAndSupplemental - IncomeTaxesPaid	$305.0M	$681.0M	$750.0M	$654.0M	$311.0M
CashFlow - CashReconciliationAndSupplemental - InterestPaid	$764.0M	$653.0M	$619.0M	$579.0M	$577.0M
CashFlow - CashReconciliationAndSupplemental - RightOfUseAssetsObtainedForLeases(nonCash)	$21.0M	$65.0M	$57.0M	$57.0M	$22.0M

Norfolk Southern

Balance Sheet 30 Accounts • 5 Years

Income Statement 21 Accounts • 5 Years

Cash Flow Statement 24 Accounts • 5 Years

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