NORFOLK SOUTHERN CORPORATION NSC Cash Flow

Norfolk southern corporation (NSC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
2,426	2,722	2,758	2,803	2,791	2,666	5,932	5,736	5,523	5,404	1,852	1,806	1,714	1,668	1,613	1,605	1,633	1,556	1,706	1,813	1,942	2,000	2,002	1,925	1,828	1,910	1,810	1,730	1,789	1,749	1,816	1,968	2,001	1,916	1,838	1,729	1,564	1,496	1,401	1,259	1,114	1,034	0	0	0
Reconciliation of net income to net cash provided by operating activities:
Depreciation
1,148	1,139	1,136	1,125	1,115	1,104	1,090	1,080	1,071	1,059	1,051	1,044	1,037	1,030	1,059	1,076	1,066	1,059	1,011	972	964	956	950	944	932	922	921	922	924	922	911	897	882	869	855	843	833	826	832	838	842	845	0	0	0
Deferred income taxes
284	330	260	217	185	173	-2,940	-2,884	-2,870	-2,859	269	240	239	227	441	386	352	320	329	312	314	294	68	136	180	262	302	371	352	366	392	422	503	527	554	509	384	312	337	309	362	338	0	0	0
Gains and losses on properties
32	42	149	164	181	171	56	86	91	92	70	59	53	46	48	19	27	30	20	28	16	13	17	8	7	104	0	0	0	-	-	-	33	32	34	39	41	42	69	25	21	18	0	0	0
Loss on asset disposal
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-158	-87	-66	8	83	70	84	121	14	41	44	-28	15	-23	-165	-92	-71	-109	0	-67	-77	31	20	50	-49	-85	-18	-37	79	64	49	95	122	215	121	99	67	41	105	34	-1	-63	0	0	0
Materials and supplies
37	37	-1	-4	-17	-15	22	-29	-36	-35	-84	-45	-62	-42	13	29	47	35	39	26	28	13	25	23	-6	7	-12	-14	18	7	24	41	38	40	33	22	10	5	-37	-21	-17	-30	0	0	0
Other current assets
49	4	51	10	47	46	94	100	89	71	-20	-27	-29	-82	-27	-13	-100	-192	12	8	101	260	6	3	5	5	1	1	-6	6	3	-1	0	-14	-9	1	-1	1	-233	-183	-124	-72	0	0	0
Current liabilities other than debt
-198	-185	-22	59	184	223	143	176	-41	135	174	226	146	158	-91	-154	119	-152	-54	-1	-41	116	142	143	-5	5	20	-74	-138	82	-151	9	357	68	274	111	-56	126	73	190	-49	-365	0	0	0
Other – net
-119	-118	-160	-174	-190	-168	-297	-327	-302	-317	-149	-179	-158	-150	-141	-131	-111	-111	-144	-122	-153	-134	-74	-55	-35	10	13	12	21	29	53	63	60	120	8	1	0	43	62	70	24	-139	0	0	0
Net cash provided by operating activities
3,966	3,892	3,839	3,852	3,791	3,726	3,672	3,503	3,223	3,253	3,187	3,178	3,001	3,034	3,012	2,839	3,156	2,908	2,777	2,979	2,958	2,915	3,020	3,009	2,943	3,078	2,993	2,908	2,753	3,065	2,939	3,190	3,610	3,227	3,350	3,032	2,608	2,714	2,613	2,599	2,264	1,860	0	0	0
Cash flows from investing activities:
Property additions
1,918	2,019	2,119	2,094	2,035	1,951	1,734	1,676	1,668	1,723	1,898	1,838	1,927	1,887	1,912	2,431	2,391	2,385	2,516	2,195	2,129	2,118	1,880	1,896	1,973	1,971	2,189	2,157	2,159	2,241	2,249	2,240	2,198	2,160	1,996	1,789	1,637	1,470	1,287	1,302	1,312	1,299	0	0	0
Property sales and other transactions
383	377	393	370	343	204	158	190	180	202	180	150	153	130	107	71	59	63	88	102	108	114	104	120	147	144	254	245	209	192	61	79	96	84	86	96	87	97	104	78	83	84	0	0	0
Investment purchases
16	18	18	18	10	10	7	7	7	7	8	104	102	123	119	25	25	5	105	104	104	104	105	126	128	130	38	18	24	23	61	80	135	135	151	311	353	504	588	407	421	266	0	0	0
Investment sales and other transactions
96	104	96	-18	-65	-99	-135	-50	-47	-47	-50	-48	-48	-48	-214	-238	-240	-240	-78	10	1	-106	-102	-168	-172	-63	-62	-61	-50	-78	-230	-338	-411	-439	-406	-478	-425	-421	-281	-98	-83	-30	0	0	0
Net cash used in investing activities
-1,647	-1,764	-1,840	-1,724	-1,637	-1,658	-1,448	-1,443	-1,448	-1,481	-1,676	-1,744	-1,828	-1,832	-1,710	-2,147	-2,117	-2,087	-2,455	-2,207	-2,126	-2,002	-1,779	-1,734	-1,782	-1,894	-1,911	-1,869	-1,924	-1,994	-2,019	-1,903	-1,826	-1,772	-1,655	-1,526	-1,478	-1,456	-1,490	-1,533	-1,567	-1,451	0	0	0
Cash flows from financing activities:
Dividends
961	949	922	894	869	844	801	757	731	703	701	699	696	695	699	703	708	713	713	712	701	687	672	657	647	637	633	631	626	624	611	601	589	576	562	545	530	514	510	502	501	500	0	0	0
Common stock transactions
39	27	23	43	43	40	52	62	54	89	99	98	98	57	44	13	10	12	-51	-15	0	67	158	133	138	131	104	122	113	89	102	98	119	120	125	116	100	89	93	84	81	66	0	0	0
Purchase and retirement of common stock
2,065	2,099	2,031	3,131	2,981	2,781	2,600	1,310	1,112	1,012	912	805	803	803	681	710	860	1,075	1,149	983	683	318	229	413	644	627	702	752	921	1,288	1,590	2,109	2,108	2,051	2,037	1,541	1,206	863	0	0	0	-	-	-	-
Proceeds from borrowings
1,942	2,192	1,404	2,534	1,730	2,023	2,020	535	833	290	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,491	1,996	1,401	1,797	1,101	0	0	0	-	-	-	-	1,090	0	0	0
Debt repayments
-	-	-	-	-	750	802	802	702	702	650	650	100	600	600	600	601	102	102	534	646	645	647	247	147	250	252	342	347	362	366	398	410	600	604	459	769	489	489	501	590	687	0	0	0
Net cash used in financing activities
-2,210	-1,994	-2,276	-2,198	-2,727	-2,312	-2,131	-2,272	-1,658	-2,038	-1,771	-1,658	-807	-1,347	-751	-715	-974	-693	-1,321	-1,550	-1,830	-1,383	-793	-195	-311	-394	-791	-808	-986	-694	-469	-1,609	-1,191	-2,006	-2,582	-1,683	-2,055	-1,427	-993	-933	-420	-31	0	0	0
Net increase in cash, cash equivalents, and restricted cash
109	134	-277	-70	-573	-244	93	-212	117	-266	-260	-224	366	-145	551	-23	65	128	-999	-778	-998	-470	448	1,080	850	790	291	231	-157	377	451	-322	593	-551	-887	-177	-925	-169	130	133	277	378	0	0	0
Supplemental disclosures of cash flow information:
Interest (net of amounts capitalized)
564	555	561	521	539	496	510	504	527	528	551	553	543	543	535	529	517	518	502	516	518	522	527	503	505	492	481	485	475	473	436	448	423	435	453	440	475	453	466	466	459	458	0	0	0
Income taxes (net of refunds)
550	543	609	608	521	519	425	490	700	705	778	683	603	593	445	582	376	386	719	844	1,054	1,102	983	810	772	735	567	592	639	618	704	508	288	289	225	394	605	602	645	412	358	381	0	0	0