Norfolk Southern Corporation (NSC)

Norfolk Southern Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12,028	12,156	12,745	11,142	9,789	11,296
Revenue Growth (YoY)	-7.21%	-4.62%	14.39%	13.82%	-13.34%	-1.41%
Cost of Revenue	4,076	4,072	4,094	3,072	2,875	3,418
Gross Profit	7,952	8,084	8,651	8,070	6,914	7,878
Selling, General & Admin	2,865	2,819	2,621	2,442	2,373	2,751
Other Operating Expenses	2,734	2,414	1,221	1,181	1,539	1,138
Operating Expenses	5,599	5,233	3,842	3,623	3,912	3,889
Operating Income	2,353	2,851	4,809	4,447	3,002	3,989
Interest Expense / Income	748	722	692	646	625	604
Other Expense / Income	-153	-191	-13	-77	-153	-106
Pretax Income	1,758	2,320	4,130	3,878	2,530	3,491
Income Tax	344	493	860	873	517	769
Net Income	1,414	1,827	3,270	3,005	2,013	2,722
Net Income Growth	-53.38%	-44.13%	8.82%	49.28%	-26.05%	2.10%
Shares Outstanding (Basic)	226	226	232	243	254	261
Shares Change	-0.83%	-2.32%	-4.86%	-4.19%	-2.59%	-4.26%
EPS (Basic)	6.23	8.04	13.92	12.16	7.88	10.32
EPS (Diluted)	6.21	8.02	13.88	12.11	7.84	10.25
EPS Growth	-52.30%	-42.22%	14.62%	54.46%	-23.51%	7.78%
Free Cash Flow	465	916	2,537	2,944	2,476	2,250
Free Cash Flow Per Share	2.06	4.05	10.96	12.10	9.75	8.63
Dividend Per Share	5.400	5.400	4.960	4.160	3.760	3.600
Dividend Growth	6.51%	8.87%	19.23%	10.64%	4.44%	18.42%
Gross Margin	66.11%	66.50%	67.88%	72.43%	70.63%	69.74%
Operating Margin	19.56%	23.45%	37.73%	39.91%	30.67%	35.31%
Profit Margin	11.76%	15.03%	25.66%	26.97%	20.56%	24.10%
Free Cash Flow Margin	3.87%	7.54%	19.91%	26.42%	25.29%	19.92%
Effective Tax Rate	19.57%	21.25%	20.82%	22.51%	20.43%	22.03%
EBITDA	3,820	4,340	6,043	5,705	4,309	5,234
EBITDA Margin	31.76%	35.70%	47.41%	51.20%	44.02%	46.33%
Depreciation & Amortization	1,314	1,298	1,221	1,181	1,154	1,139
EBIT	2,506	3,042	4,822	4,524	3,155	4,095
EBIT Margin	20.83%	25.02%	37.83%	40.60%	32.23%	36.25%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).