Norfolk Southern Corporation (FRA:NFS)

Norfolk Southern Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,418	1,641	1,568	456	839	1,115
Cash & Short-Term Investments	1,418	1,641	1,568	456	839	1,115
Cash Growth	45.44%	4.66%	243.86%	-45.65%	-24.75%	92.24%
Accounts Receivable	1,102	787	882	895	741	629
Other Receivables	-	282	265	253	235	219
Receivables	1,102	1,069	1,147	1,148	976	848
Inventory	297	277	264	253	218	221
Other Current Assets	219	201	292	150	134	134
Total Current Assets	3,036	3,188	3,271	2,007	2,167	2,318
Property, Plant & Equipment	36,112	36,102	33,716	32,563	32,064	31,778
Long-Term Investments	4,081	3,209	3,065	2,942	2,822	2,688
Long-Term Accounts Receivable	-	-	-	-	23	23
Other Long-Term Assets	1,351	1,183	1,600	1,373	1,417	1,155
Total Assets	44,580	43,682	41,652	38,885	38,493	37,962
Accounts Payable	1,657	1,704	1,638	1,293	1,351	1,016
Accrued Expenses	-	225	214	177	170	160
Short-Term Debt	-	-	-	100	-	-
Current Portion of Long-Term Debt	607	555	4	603	553	579
Current Portion of Leases	-	81	105	94	82	89
Current Income Taxes Payable	227	337	262	312	305	263
Other Current Liabilities	1,033	643	409	70	60	53
Total Current Liabilities	3,524	3,545	2,632	2,649	2,521	2,160
Long-Term Debt	16,476	17,172	17,692	14,897	13,799	12,611
Long-Term Leases	-	204	304	432	353	369
Pension & Post-Retirement Benefits	-	385	451	459	582	646
Long-Term Deferred Tax Liabilities	7,734	7,420	7,225	7,265	7,165	6,922
Other Long-Term Liabilities	1,705	650	567	450	432	463
Total Liabilities	29,439	29,376	28,871	26,152	24,852	23,171
Common Stock	226	228	227	230	242	254
Additional Paid-In Capital	2,283	2,247	2,179	2,157	2,215	2,248
Retained Earnings	12,894	12,093	10,695	10,697	11,586	12,883
Comprehensive Income & Other	-262	-262	-320	-351	-402	-594
Shareholders' Equity	15,141	14,306	12,781	12,733	13,641	14,791
Total Liabilities & Equity	44,580	43,682	41,652	38,885	38,493	37,962
Total Debt	17,083	18,012	18,105	16,126	14,787	13,648
Net Cash (Debt)	-15,665	-16,371	-16,537	-15,670	-13,948	-12,533
Net Cash Per Share	-69.38	-72.31	-72.72	-66.51	-56.22	-48.84
Filing Date Shares Outstanding	224.39	226.43	225.88	227.78	239.78	251.91
Total Common Shares Outstanding	224.39	226.32	225.68	228.08	240.16	252.1
Working Capital	-488	-357	639	-642	-354	158
Book Value Per Share	67.48	63.21	56.63	55.83	56.80	58.67
Tangible Book Value	15,141	14,306	12,781	12,733	13,641	14,791
Tangible Book Value Per Share	67.48	63.21	56.63	55.83	56.80	58.67
Land	-	4,125	2,439	2,405	2,453	2,394
Machinery	-	11,428	11,166	10,650	10,377	10,084
Construction In Progress	-	916	793	637	503	630

Source: S&P Global Market Intelligence. Standard template. Financial Sources.