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Norfolk Southern Corporation (NSC)
NYSE: NSC · Real-Time Price · USD
342.79
-5.89 (-1.69%)
At close: Aug 31, 2026, 4:00 PM EDT
341.00
-1.79 (-0.52%)
After-hours: Aug 31, 2026, 7:44 PM EDT

Norfolk Southern Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
2,6362,8732,6221,8273,2703,005
Depreciation & Amortization
1,4111,3931,3531,2981,2211,181
Loss (Gain) From Sale of Assets
-214-253-490-49-82-86
Other Operating Activities
2347-58-265148
Change in Accounts Receivable
-745985-2-171-133
Change in Inventory
-146-13-11-353
Change in Other Net Operating Assets
-362365533815277
Operating Cash Flow
3,7324,3614,0523,1794,2224,255
Operating Cash Flow Growth
-11.23%7.63%27.46%-24.70%-0.78%16.99%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-2,101-2,204-4,024-2,349-1,948-1,470
Sale of Property, Plant & Equipment
27516455886263159
Investment in Securities
70-522686818289
Investing Cash Flow
-1,756-2,562-2,780-2,182-1,603-1,222

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-3961,0513,2931,8321,676
Long-Term Debt Repaid
--559-1,055-1,334-553-584
Net Debt Issued (Repaid)
-913-163-41,9591,2791,092
Issuance of Common Stock
22263-17
Repurchase of Common Stock
-87-534--622-3,114-3,390
Common Dividends Paid
-1,212-1,215-1,221-1,225-1,167-1,028
Financing Cash Flow
-2,210-1,910-1,199115-3,002-3,309

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
-234-111731,112-383-276

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,6312,157288302,2742,785
Free Cash Flow Growth
-19.42%7603.57%-96.63%-63.50%-18.35%29.96%
Free Cash Flow Margin
13.01%17.71%0.23%6.83%17.84%25.00%
Free Cash Flow Per Share
7.259.570.123.659.6511.22
Levered Free Cash Flow
1,3821,453268.51,5361,6422,473
Unlevered Free Cash Flow
1,8741,948772.881,9872,0752,877

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
764765764653619579
Cash Income Tax Paid
463491305681750654
Change in Working Capital
-124301625368-201147
SEC Filings: 10-K · 10-Q