Norfolk Southern Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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 & Equivalents	1,341	1,530	1,641	1,568	456	839
Cash & Short-Term Investments	1,341	1,530	1,641	1,568	456	839
Cash Growth	33.30%	-6.76%	4.66%	243.86%	-45.65%	-24.75%
Accounts Receivable	1,123	988	1,069	1,147	1,148	976
Inventory	312	271	277	264	253	218
Other Current Assets	248	409	201	292	150	134
Total Current Assets	3,024	3,198	3,188	3,271	2,007	2,167
Net Property, Plant & Equipment	36,442	36,479	35,831	33,326	32,156	31,653
Long-Term Investments	4,116	4,089	3,370	3,839	3,694	3,707
Other Long-Term Assets	1,531	1,470	1,293	1,216	1,028	966
Total Assets	45,113	45,236	43,682	41,652	38,885	38,493
Accounts Payable	1,695	1,863	1,704	1,638	1,293	1,351
Short-Term Debt	-	-	-	-	100	-
Current Portion of Long-Term Debt	609	607	555	4	603	553
Other Current Liabilities	1,031	1,305	1,286	990	653	617
Total Current Liabilities	3,335	3,775	3,545	2,632	2,649	2,521
Long-Term Debt	16,492	16,480	16,651	17,175	14,479	13,287
Other Long-Term Liabilities	9,482	9,434	9,180	9,064	9,024	9,044
Total Long-Term Liabilities	25,974	25,914	25,831	26,239	23,503	22,331
Total Liabilities	29,309	29,689	29,376	28,871	26,152	24,852
Common Stock	226	226	228	227	230	242
Additional Paid-in Capital	2,312	2,296	2,247	2,179	2,157	2,215
Accumulated Other Comprehensive Income	-211	-210	-262	-320	-351	-402
Retained Earnings	13,477	13,235	12,093	10,695	10,697	11,586
Shareholders' Equity	15,804	15,547	14,306	12,781	12,733	13,641
Total Liabilities & Equity	45,113	45,236	43,682	41,652	38,885	38,493
Total Debt	17,101	17,087	17,206	17,179	15,182	13,840
Net Cash (Debt)	-15,760	-15,557	-15,565	-15,611	-14,726	-13,001
Net Cash Per Share	-70.07	-69.05	-68.75	-68.65	-62.50	-52.40
Book Value	15,804	15,547	14,306	12,781	12,733	13,641
Book Value Per Share	70.26	69.01	63.19	56.20	54.05	54.98
Tangible Book Value	15,804	15,547	14,306	12,781	12,733	13,641
Tangible Book Value Per Share	70.26	69.01	63.19	56.20	54.05	54.98

Updated Apr 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q