Norfolk Southern Corporation (NSC)

Norfolk Southern Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1,530	1,641	1,568	456	839
Cash & Short-Term Investments	1,530	1,641	1,568	456	839
Cash Growth	-6.76%	4.66%	243.86%	-45.65%	-24.75%
Accounts Receivable	715	787	882	895	741
Other Receivables	273	282	265	253	235
Receivables	988	1,069	1,147	1,148	976
Inventory	271	277	264	253	218
Other Current Assets	409	201	292	150	134
Total Current Assets	3,198	3,188	3,271	2,007	2,167
Property, Plant & Equipment	36,697	36,102	33,716	32,563	32,064
Long-Term Investments	3,338	3,209	3,065	2,942	2,822
Long-Term Accounts Receivable	-	-	-	-	23
Other Long-Term Assets	2,003	1,183	1,600	1,373	1,417
Total Assets	45,236	43,682	41,652	38,885	38,493
Accounts Payable	1,863	1,704	1,638	1,293	1,351
Accrued Expenses	221	225	214	177	170
Short-Term Debt	-	-	-	100	-
Current Portion of Long-Term Debt	607	555	4	603	553
Current Portion of Leases	70	81	105	94	82
Current Income Taxes Payable	340	337	262	312	305
Other Current Liabilities	674	643	409	70	60
Total Current Liabilities	3,775	3,545	2,632	2,649	2,521
Long-Term Debt	16,996	17,172	17,692	14,897	13,799
Long-Term Leases	166	204	304	432	353
Pension & Post-Retirement Benefits	380	385	451	459	582
Long-Term Deferred Tax Liabilities	7,711	7,420	7,225	7,265	7,165
Other Long-Term Liabilities	661	650	567	450	432
Total Liabilities	29,689	29,376	28,871	26,152	24,852
Common Stock	226	228	227	230	242
Additional Paid-In Capital	2,296	2,247	2,179	2,157	2,215
Retained Earnings	13,235	12,093	10,695	10,697	11,586
Comprehensive Income & Other	-210	-262	-320	-351	-402
Shareholders' Equity	15,547	14,306	12,781	12,733	13,641
Total Liabilities & Equity	45,236	43,682	41,652	38,885	38,493
Total Debt	17,839	18,012	18,105	16,126	14,787
Net Cash (Debt)	-16,309	-16,371	-16,537	-15,670	-13,948
Net Cash Per Share	-72.39	-72.31	-72.72	-66.51	-56.22
Filing Date Shares Outstanding	224.57	226.43	225.88	227.78	239.78
Total Common Shares Outstanding	224.42	226.32	225.68	228.08	240.16
Working Capital	-577	-357	639	-642	-354
Book Value Per Share	69.28	63.21	56.63	55.83	56.80
Tangible Book Value	15,547	14,306	12,781	12,733	13,641
Tangible Book Value Per Share	69.28	63.21	56.63	55.83	56.80
Land	4,172	4,125	2,439	2,405	2,453
Machinery	11,479	11,428	11,166	10,650	10,377
Construction In Progress	981	916	793	637	503

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q