Norfolk Southern Corporation (NSC)

NYSE: NSC · Real-Time Price · USD

334.60

+0.65 (0.19%)

At close: Aug 11, 2026, 4:00 PM EDT

334.60

0.00 (0.00%)

After-hours: Aug 11, 2026, 4:03 PM EDT

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	Jun '26 Jun 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	2,636	2,873	2,622	1,827	3,270	3,005
Depreciation & Amortization	1,411	1,393	1,353	1,298	1,221	1,181
Other Adjustments	62	24	-314	-98	1	98
Change in Receivables	-74	59	85	-2	-171	-133
Changes in Inventories	-14	6	-13	-11	-35	3
Changes in Other Operating Activities	-36	6	319	165	-64	101
Operating Cash Flow	3,732	4,361	4,052	3,179	4,222	4,255
Operating Cash Flow Growth	-11.23%	7.63%	27.46%	-24.70%	-0.78%	16.99%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-2,101	-2,204	-2,381	-2,327	-1,948	-1,470
Sale of Property, Plant & Equipment	275	164	558	86	263	159
Purchases of Investments	-13	-621	-319	-124	-12	-10
Proceeds from Sale of Investments	83	99	1,005	205	94	99
Cash Acquisitions	-	-	-1,643	-22	-	-
Investing Cash Flow	-1,756	-2,562	-2,780	-2,182	-1,603	-1,222

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-913	-559	-1,055	-1,334	-553	-584
Net Long-Term Debt Issued (Repaid)	-913	-163	-4	1,959	1,279	1,092
Issuance of Common Stock	-2	2	26	3	-4	17
Repurchase of Common Stock	-83	-534	-	-622	-3,110	-3,390
Net Common Stock Issued (Repurchased)	-85	-532	26	-619	-3,114	-3,373
Common Dividends Paid	-1,212	-1,215	-1,221	-1,225	-1,167	-1,028
Financing Cash Flow	-2,210	-1,910	-1,199	115	-3,002	-3,309

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	-234	-111	73	1,112	-383	-276

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	1,631	2,157	1,671	852	2,274	2,785
Free Cash Flow Growth	-19.42%	29.08%	96.13%	-62.53%	-18.35%	29.96%
FCF Margin	13.01%	17.71%	13.78%	7.01%	17.84%	25.00%
Free Cash Flow Per Share	7.25	9.57	7.38	3.75	9.65	11.23
Levered Free Cash Flow	983	1,911	1,896	2,911	3,723	3,912
Unlevered Free Cash Flow	2,424	2,616	2,484	1,370	2,982	3,261

SEC Filings: 10-K · 10-Q