Norfolk Southern Corp
NYSE:NSC
Income Statement
Earnings Waterfall
Norfolk Southern Corp
Revenue
|
12.2B
USD
|
Cost of Revenue
|
-6.5B
USD
|
Gross Profit
|
5.7B
USD
|
Operating Expenses
|
-1.7B
USD
|
Operating Income
|
4B
USD
|
Other Expenses
|
-2.1B
USD
|
Net Income
|
1.8B
USD
|
Income Statement
Norfolk Southern Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
11 245
N/A
|
11 196
0%
|
11 436
+2%
|
11 635
+2%
|
11 624
0%
|
11 502
-1%
|
11 173
-3%
|
10 863
-3%
|
10 511
-3%
|
10 364
-1%
|
10 105
-2%
|
9 916
-2%
|
9 888
0%
|
10 043
+2%
|
10 226
+2%
|
10 372
+1%
|
10 551
+2%
|
10 693
+1%
|
10 954
+2%
|
11 231
+3%
|
11 458
+2%
|
11 581
+1%
|
11 608
+0%
|
11 502
-1%
|
11 296
-2%
|
11 081
-2%
|
10 241
-8%
|
9 906
-3%
|
9 789
-1%
|
9 803
+0%
|
10 517
+7%
|
10 863
+3%
|
11 142
+3%
|
11 418
+2%
|
11 869
+4%
|
12 360
+4%
|
12 745
+3%
|
12 962
+2%
|
12 692
-2%
|
12 320
-3%
|
12 156
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 072)
|
(7 037)
|
(7 082)
|
(7 126)
|
(6 805)
|
(6 947)
|
(6 814)
|
(6 641)
|
(6 254)
|
(6 223)
|
(5 923)
|
(5 679)
|
(5 547)
|
(5 667)
|
(5 742)
|
(5 812)
|
(5 793)
|
(5 834)
|
(5 918)
|
(6 024)
|
(6 034)
|
(6 020)
|
(6 014)
|
(5 957)
|
(5 878)
|
(5 663)
|
(5 281)
|
(5 096)
|
(4 948)
|
(4 907)
|
(5 045)
|
(5 081)
|
(5 197)
|
(5 380)
|
(5 700)
|
(6 036)
|
(6 358)
|
(6 534)
|
(6 521)
|
(6 478)
|
(6 504)
|
|
Gross Profit |
4 173
N/A
|
4 159
0%
|
4 354
+5%
|
4 509
+4%
|
4 819
+7%
|
4 555
-5%
|
4 359
-4%
|
4 222
-3%
|
4 257
+1%
|
4 141
-3%
|
4 182
+1%
|
4 237
+1%
|
4 341
+2%
|
4 376
+1%
|
4 484
+2%
|
4 560
+2%
|
4 758
+4%
|
4 859
+2%
|
5 036
+4%
|
5 207
+3%
|
5 424
+4%
|
5 561
+3%
|
5 594
+1%
|
5 545
-1%
|
5 418
-2%
|
5 418
N/A
|
4 960
-8%
|
4 810
-3%
|
4 841
+1%
|
4 896
+1%
|
5 472
+12%
|
5 782
+6%
|
5 945
+3%
|
6 038
+2%
|
6 169
+2%
|
6 324
+3%
|
6 387
+1%
|
6 428
+1%
|
6 171
-4%
|
5 842
-5%
|
5 652
-3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(916)
|
(926)
|
(938)
|
(944)
|
(1 249)
|
(1 041)
|
(1 050)
|
(1 089)
|
(1 378)
|
(1 140)
|
(1 225)
|
(1 282)
|
(1 332)
|
(1 333)
|
(1 339)
|
(1 340)
|
(1 236)
|
(1 259)
|
(1 282)
|
(1 328)
|
(1 465)
|
(1 471)
|
(1 465)
|
(1 440)
|
(1 429)
|
(1 442)
|
(1 439)
|
(1 445)
|
(1 454)
|
(1 447)
|
(1 466)
|
(1 480)
|
(1 498)
|
(1 521)
|
(1 548)
|
(1 567)
|
(1 578)
|
(1 606)
|
(1 628)
|
(1 652)
|
(1 685)
|
|
Selling, General & Administrative |
0
|
0
|
0
|
0
|
(293)
|
(82)
|
0
|
0
|
(319)
|
(79)
|
(154)
|
(228)
|
(306)
|
(300)
|
(299)
|
(293)
|
(181)
|
(225)
|
(239)
|
(274)
|
(363)
|
(358)
|
(341)
|
(306)
|
(291)
|
(295)
|
(294)
|
(293)
|
(300)
|
(293)
|
(300)
|
(310)
|
(317)
|
(330)
|
(347)
|
(357)
|
(357)
|
(366)
|
(371)
|
(375)
|
(387)
|
|
Depreciation & Amortization |
(916)
|
(926)
|
(938)
|
(944)
|
(956)
|
(959)
|
(968)
|
(1 007)
|
(1 059)
|
(1 061)
|
(1 071)
|
(1 054)
|
(1 026)
|
(1 033)
|
(1 040)
|
(1 047)
|
(1 055)
|
(1 068)
|
(1 077)
|
(1 088)
|
(1 102)
|
(1 113)
|
(1 124)
|
(1 134)
|
(1 138)
|
(1 147)
|
(1 145)
|
(1 152)
|
(1 154)
|
(1 154)
|
(1 166)
|
(1 170)
|
(1 181)
|
(1 191)
|
(1 201)
|
(1 210)
|
(1 221)
|
(1 240)
|
(1 257)
|
(1 277)
|
(1 298)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
(82)
|
(82)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
34
|
34
|
34
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
3 257
N/A
|
3 233
-1%
|
3 416
+6%
|
3 565
+4%
|
3 570
+0%
|
3 514
-2%
|
3 309
-6%
|
3 133
-5%
|
2 879
-8%
|
3 001
+4%
|
2 957
-1%
|
2 955
0%
|
3 009
+2%
|
3 043
+1%
|
3 145
+3%
|
3 220
+2%
|
3 522
+9%
|
3 600
+2%
|
3 754
+4%
|
3 879
+3%
|
3 959
+2%
|
4 090
+3%
|
4 129
+1%
|
4 105
-1%
|
3 989
-3%
|
3 976
0%
|
3 521
-11%
|
3 365
-4%
|
3 387
+1%
|
3 449
+2%
|
4 006
+16%
|
4 302
+7%
|
4 447
+3%
|
4 517
+2%
|
4 621
+2%
|
4 757
+3%
|
4 809
+1%
|
4 822
+0%
|
4 543
-6%
|
4 190
-8%
|
3 967
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(525)
|
(535)
|
(546)
|
(553)
|
(524)
|
(538)
|
(533)
|
(532)
|
(542)
|
(552)
|
(556)
|
(563)
|
(563)
|
(566)
|
(568)
|
(558)
|
(550)
|
(544)
|
(535)
|
(543)
|
(557)
|
(570)
|
(592)
|
(600)
|
(535)
|
(609)
|
(612)
|
(617)
|
(540)
|
(627)
|
(632)
|
(641)
|
(629)
|
(658)
|
(667)
|
(680)
|
(769)
|
(699)
|
(699)
|
(704)
|
(657)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(385)
|
(385)
|
(385)
|
(385)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(387)
|
(803)
|
(966)
|
(1 116)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
55
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
233
|
124
|
113
|
115
|
75
|
99
|
100
|
107
|
50
|
98
|
83
|
73
|
136
|
160
|
204
|
214
|
156
|
124
|
105
|
96
|
67
|
103
|
96
|
88
|
37
|
84
|
111
|
128
|
68
|
138
|
124
|
99
|
60
|
65
|
16
|
0
|
90
|
74
|
145
|
187
|
126
|
|
Pre-Tax Income |
2 965
N/A
|
2 822
-5%
|
2 983
+6%
|
3 127
+5%
|
3 134
+0%
|
3 075
-2%
|
2 876
-6%
|
2 708
-6%
|
2 442
-10%
|
2 547
+4%
|
2 484
-2%
|
2 465
-1%
|
2 582
+5%
|
2 637
+2%
|
2 781
+5%
|
2 876
+3%
|
3 128
+9%
|
3 180
+2%
|
3 324
+5%
|
3 432
+3%
|
3 469
+1%
|
3 623
+4%
|
3 633
+0%
|
3 593
-1%
|
3 491
-3%
|
3 066
-12%
|
2 635
-14%
|
2 491
-5%
|
2 530
+2%
|
2 960
+17%
|
3 498
+18%
|
3 760
+7%
|
3 878
+3%
|
3 924
+1%
|
3 970
+1%
|
4 077
+3%
|
4 130
+1%
|
3 810
-8%
|
3 186
-16%
|
2 707
-15%
|
2 320
-14%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 055)
|
(994)
|
(1 058)
|
(1 125)
|
(1 134)
|
(1 133)
|
(1 063)
|
(1 002)
|
(886)
|
(914)
|
(879)
|
(852)
|
(914)
|
(923)
|
(975)
|
(1 024)
|
(1 055)
|
(988)
|
(919)
|
(831)
|
(803)
|
(832)
|
(830)
|
(835)
|
(769)
|
(640)
|
(539)
|
(483)
|
(517)
|
(655)
|
(766)
|
(844)
|
(873)
|
(889)
|
(935)
|
(837)
|
(860)
|
(777)
|
(616)
|
(617)
|
(493)
|
|
Income from Continuing Operations |
1 910
|
1 828
|
1 925
|
2 002
|
2 000
|
1 942
|
1 813
|
1 706
|
1 556
|
1 633
|
1 605
|
1 613
|
1 668
|
1 714
|
1 806
|
1 852
|
2 073
|
2 192
|
2 405
|
2 601
|
2 666
|
2 791
|
2 803
|
2 758
|
2 722
|
2 426
|
2 096
|
2 008
|
2 013
|
2 305
|
2 732
|
2 916
|
3 005
|
3 035
|
3 035
|
3 240
|
3 270
|
3 033
|
2 570
|
2 090
|
1 827
|
|
Net Income (Common) |
1 903
N/A
|
1 821
-4%
|
1 917
+5%
|
1 995
+4%
|
1 994
0%
|
1 936
-3%
|
1 808
-7%
|
1 700
-6%
|
1 550
-9%
|
1 628
+5%
|
1 600
-2%
|
1 607
+0%
|
1 663
+3%
|
1 709
+3%
|
1 801
+5%
|
1 849
+3%
|
5 400
+192%
|
5 519
+2%
|
5 732
+4%
|
5 927
+3%
|
2 660
-55%
|
2 785
+5%
|
2 796
+0%
|
2 752
-2%
|
2 717
-1%
|
2 421
-11%
|
2 093
-14%
|
2 004
-4%
|
2 010
+0%
|
2 302
+15%
|
2 729
+19%
|
2 914
+7%
|
3 003
+3%
|
3 034
+1%
|
3 033
0%
|
3 239
+7%
|
3 268
+1%
|
3 030
-7%
|
2 568
-15%
|
2 088
-19%
|
1 824
-13%
|
|
EPS (Diluted) |
6.09
N/A
|
5.88
-3%
|
6.19
+5%
|
6.38
+3%
|
6.38
N/A
|
6.24
-2%
|
5.96
-4%
|
5.66
-5%
|
5.1
-10%
|
5.44
+7%
|
5.42
0%
|
5.49
+1%
|
5.62
+2%
|
5.83
+4%
|
6.18
+6%
|
6.38
+3%
|
18.62
+192%
|
19.3
+4%
|
20.2
+5%
|
21.3
+5%
|
9.51
-55%
|
10.33
+9%
|
10.46
+1%
|
10.41
0%
|
10.21
-2%
|
9.35
-8%
|
8.15
-13%
|
7.82
-4%
|
7.84
+0%
|
9.11
+16%
|
10.91
+20%
|
11.82
+8%
|
12.11
+2%
|
12.63
+4%
|
12.77
+1%
|
13.84
+8%
|
13.84
N/A
|
13.27
-4%
|
11.26
-15%
|
9.19
-18%
|
8.02
-13%
|