Norfolk Southern Corporation (ETR:NFS)
Germany · Delayed Price · Currency is EUR 306.70
+1.10 (0.36%)
Oct 28, 2026, 9:04 AM CET
Norfolk Southern Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 2,684 | 2,873 | 2,622 | 1,827 | 3,270 | 3,005 |
Depreciation & Amortization | 1,426 | 1,393 | 1,353 | 1,298 | 1,221 | 1,181 |
Loss (Gain) From Sale of Assets | -130 | -253 | -490 | -49 | -82 | -86 |
Other Operating Activities | -124 | 47 | -58 | -265 | 14 | 8 |
Change in Accounts Receivable | -131 | 59 | 85 | -2 | -171 | -133 |
Change in Inventory | -56 | 6 | -13 | -11 | -35 | 3 |
Change in Other Net Operating Assets | 114 | 236 | 553 | 381 | 5 | 277 |
Operating Cash Flow | 3,783 | 4,361 | 4,052 | 3,179 | 4,222 | 4,255 |
Operating Cash Flow Growth | -10.97% | 7.63% | 27.46% | -24.70% | -0.78% | 16.99% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,136 | -2,204 | -4,024 | -2,349 | -1,948 | -1,470 |
Sale of Property, Plant & Equipment | 317 | 164 | 558 | 86 | 263 | 159 |
Investment in Securities | 67 | -522 | 686 | 81 | 82 | 89 |
Investing Cash Flow | -1,752 | -2,562 | -2,780 | -2,182 | -1,603 | -1,222 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 396 | 1,051 | 3,293 | 1,832 | 1,676 |
Long-Term Debt Repaid | - | -559 | -1,055 | -1,334 | -553 | -584 |
Net Debt Issued (Repaid) | -623 | -163 | -4 | 1,959 | 1,279 | 1,092 |
Issuance of Common Stock | 1 | 2 | 26 | 3 | - | 17 |
Repurchase of Common Stock | -16 | -534 | - | -622 | -3,114 | -3,390 |
Common Dividends Paid | -1,213 | -1,215 | -1,221 | -1,225 | -1,167 | -1,028 |
Financing Cash Flow | -1,851 | -1,910 | -1,199 | 115 | -3,002 | -3,309 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 180 | -111 | 73 | 1,112 | -383 | -276 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 1,647 | 2,157 | 28 | 830 | 2,274 | 2,785 |
Free Cash Flow Growth | -21.53% | 7603.57% | -96.63% | -63.50% | -18.35% | 29.96% |
Free Cash Flow Margin | 12.71% | 17.71% | 0.23% | 6.83% | 17.84% | 25.00% |
Free Cash Flow Per Share | 7.32 | 9.57 | 0.12 | 3.65 | 9.65 | 11.22 |
Levered Free Cash Flow | 1,619 | 1,453 | 268.5 | 1,536 | 1,642 | 2,473 |
Unlevered Free Cash Flow | 2,108 | 1,948 | 772.88 | 1,987 | 2,075 | 2,877 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 759 | 765 | 764 | 653 | 619 | 579 |
Cash Income Tax Paid | 614 | 491 | 305 | 681 | 750 | 654 |
Change in Working Capital | -73 | 301 | 625 | 368 | -201 | 147 |