NORFOLK SOUTHERN CORPORATION NSC Income Statement

Norfolk southern corporation (NSC)

Income statement / Quarterly

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	Sep'08
Railway operating revenues
2,625	2,690	2,841	2,925	2,840	2,896	2,947	2,898	2,717	2,669	2,670	2,637	2,575	2,490	2,524	2,454	2,420	2,518	2,713	2,713	2,567	2,870	3,023	3,042	2,689	2,881	2,824	2,802	2,738	2,684	2,693	2,874	2,789	2,797	2,889	2,866	2,620	2,392	2,456	2,430	2,238	2,106	2,063	1,857	1,943	2,894
Railway operating expenses:
Compensation and benefits
622	630	682	712	727	757	725	706	737	730	771	719	759	727	691	667	723	702	702	724	783	714	728	715	740	761	735	726	780	726	724	724	786	734	736	739	765	659	680	670	699	613	598	551	639	708
Purchased services and rents
403	460	423	418	424	449	450	430	401	268	377	392	377	399	386	384	379	440	451	438	423	452	429	414	392	406	420	410	393	418	403	392	391	419	403	405	383	391	377	374	335	362	352	334	355	419
Fuel
189	223	226	254	250	275	274	272	266	239	198	190	213	194	181	174	149	194	221	255	264	347	387	408	432	403	390	391	429	395	379	390	413	403	385	412	389	308	259	258	254	221	192	153	159	474
Depreciation
292	285	286	284	283	281	276	273	272	267	265	264	259	259	258	257	252	287	275	247	245	240	236	238	237	233	230	226	227	233	230	229	224	221	217	213	211	207	204	204	204	213	210	207	207	201
Materials and other
166	130	228	192	190	56	202	191	206	167	164	200	210	215	188	202	194	253	242	235	246	226	245	248	221	197	200	213	218	198	226	205	230	220	210	222	272	185	190	191	191	148	149	144	200	198
Loss on asset disposal
-385	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total railway operating expenses
2,057	1,728	1,845	1,860	1,874	1,818	1,927	1,872	1,882	1,671	1,775	1,765	1,818	1,794	1,704	1,684	1,697	1,876	1,891	1,899	1,961	1,979	2,025	2,023	2,022	2,000	1,975	1,966	2,047	1,970	1,962	1,940	2,044	1,997	1,951	1,991	2,020	1,750	1,710	1,697	1,683	1,557	1,501	1,389	1,560	2,000
Income from railway operations
568	962	996	1,065	966	1,078	1,020	1,026	835	998	895	872	757	696	820	770	723	642	822	814	606	891	998	1,019	667	881	849	836	691	714	731	934	745	800	938	875	600	642	746	733	555	549	562	468	383	894
Other income – net
22	18	22	22	44	0	30	29	8	29	39	48	40	87	29	4	16	24	39	19	21	28	32	18	26	39	30	29	135	36	33	31	29	39	60	34	27	35	81	17	20	37	37	36	17	39
Interest expense on debt
154	152	150	153	149	148	142	131	136	134	134	140	142	142	144	138	139	142	137	134	132	129	138	139	139	137	131	128	129	129	124	122	120	116	114	113	112	115	113	115	119	119	118	113	117	111
Income before income taxes
436	828	868	934	861	930	908	924	707	893	800	780	655	641	705	636	600	524	724	699	495	790	892	898	554	783	748	737	697	621	640	843	654	723	884	796	515	562	714	635	456	467	481	391	283	822
Income taxes
55	162	211	212	184	228	206	214	155	-3,075	294	283	222	225	245	231	213	163	272	266	185	279	333	336	186	270	266	272	247	208	238	319	244	243	330	239	190	160	269	243	199	160	178	144	106	302
Net income
381	666	657	722	677	702	702	710	552	3,968	506	497	433	416	460	405	387	361	452	433	310	511	559	562	368	513	482	465	450	413	402	524	410	480	554	557	325	402	445	392	257	307	303	247	177	520
Earnings per share:
Basic (in dollars per share)
1.48	2.57	2.50	2.72	2.53	2.58	2.54	2.52	1.94	13.79	1.76	1.72	1.49	1.43	1.56	1.37	1.30	1.19	1.50	1.43	1.01	1.65	1.80	1.81	1.18	1.65	1.55	1.47	1.43	1.30	1.26	1.62	1.24	1.42	1.61	1.58	0.91	1.10	1.21	1.06	0.69	0.82	0.82	0.67	0.48	1.39
Diluted (in dollars per share)
1.47	2.55	2.49	2.70	2.51	2.56	2.52	2.50	1.93	13.67	1.75	1.71	1.48	1.42	1.55	1.36	1.29	1.20	1.49	1.41	1.00	1.64	1.79	1.79	1.17	1.64	1.53	1.46	1.41	1.30	1.24	1.60	1.23	1.40	1.59	1.56	0.90	1.09	1.19	1.04	0.68	0.82	0.81	0.66	0.47	1.37
Dividends (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.61	0.61	0.61	-	0.59	0.59	0.59	-	0.59	0.59	0.59	-	0.57	0.54	0.54	-	0.52	0.50	0.50	-	0.50	0.47	0.47	-	0.43	0.40	0.40	-	0.36	0.34	0.34	-	0.34	-	0.34	0.32