Norfolk Southern Corporation (BMV:NSC)

Norfolk Southern Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	2,622	1,827	3,270	3,005	2,013
Depreciation & Amortization	1,353	1,298	1,221	1,181	1,154
Other Adjustments	-314	-98	1	98	587
Change in Receivables	85	-2	-171	-133	71
Changes in Inventories	-13	-11	-35	3	23
Changes in Other Operating Activities	319	165	-64	101	-211
Operating Cash Flow	4,052	3,179	4,222	4,255	3,637
Operating Cash Flow Growth	27.46%	-24.70%	-0.78%	16.99%	-6.55%
Capital Expenditures	-2,381	-2,327	-1,948	-1,470	-1,494
Sale of Property, Plant & Equipment	558	86	263	159	333
Purchases of Investments	-319	-124	-12	-10	-13
Proceeds from Sale of Investments	1,005	205	94	99	-1
Payments for Business Acquisitions	-1,643	-22	-	-	-
Investing Cash Flow	-2,780	-2,182	-1,603	-1,222	-1,175
Long-Term Debt Issued	1,051	3,293	1,832	1,676	784
Long-Term Debt Repaid	-1,055	-1,334	-553	-584	-381
Net Long-Term Debt Issued (Repaid)	-4	1,959	1,279	1,092	403
Issuance of Common Stock	26	3	-4	17	69
Repurchase of Common Stock	-	-622	-3,110	-3,390	-1,439
Net Common Stock Issued (Repurchased)	26	-619	-3,114	-3,373	-1,370
Common Dividends Paid	-1,221	-1,225	-1,167	-1,028	-960
Financing Cash Flow	-1,199	115	-3,002	-3,309	-1,927
Net Cash Flow	73	1,112	-383	-276	535
Beginning Cash & Cash Equivalents	1,568	456	839	1,115	580
Ending Cash & Cash Equivalents	1,641	1,568	456	839	1,115
Free Cash Flow	1,671	852	2,274	2,785	2,143
Free Cash Flow Growth	96.13%	-62.53%	-18.35%	29.96%	14.41%
FCF Margin	13.78%	7.01%	17.84%	25.00%	21.89%
Free Cash Flow Per Share	7.38	3.75	9.65	11.23	8.35
Levered Free Cash Flow	1,896	2,911	3,723	3,912	1,888
Unlevered Free Cash Flow	2,484	1,370	2,982	3,261	1,861

Updated Dec 31, 2024. Data Source: Fiscal.ai. Standard template. Financial Sources.