NORFOLK SOUTHERN CORPORATION NSC Income Statement

Norfolk southern corporation (NSC)

Income statement / 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	Sep'08
Railway operating revenues
11,081	11,296	11,502	11,608	11,581	11,458	11,231	10,954	10,693	10,551	10,372	10,226	10,043	9,888	9,916	10,105	10,364	10,511	10,863	11,173	11,502	11,624	11,635	11,436	11,196	11,245	11,048	10,917	10,989	11,040	11,153	11,349	11,341	11,172	10,767	10,334	9,898	9,516	9,230	8,837	8,264	7,969	8,757	0	0	0
Railway operating expenses:
Compensation and benefits
2,646	2,751	2,878	2,921	2,915	2,925	2,898	2,944	2,957	2,979	2,976	2,896	2,844	2,808	2,783	2,794	2,851	2,911	2,923	2,949	2,940	2,897	2,944	2,951	2,962	3,002	2,967	2,956	2,954	2,960	2,968	2,980	2,995	2,974	2,899	2,843	2,774	2,708	2,662	2,580	2,461	2,401	2,496	0	0	0
Purchased services and rents
1,704	1,725	1,714	1,741	1,753	1,730	1,549	1,476	1,438	1,414	1,545	1,554	1,546	1,548	1,589	1,654	1,708	1,752	1,764	1,742	1,718	1,687	1,641	1,632	1,628	1,629	1,641	1,624	1,606	1,604	1,605	1,605	1,618	1,610	1,582	1,556	1,525	1,477	1,448	1,423	1,383	1,403	1,460	0	0	0
Fuel
892	953	1,005	1,053	1,071	1,087	1,051	975	893	840	795	778	762	698	698	738	819	934	1,087	1,253	1,406	1,574	1,630	1,633	1,616	1,613	1,605	1,594	1,593	1,577	1,585	1,591	1,613	1,589	1,494	1,368	1,214	1,079	992	925	820	725	978	0	0	0
Depreciation
1,147	1,138	1,134	1,124	1,113	1,102	1,088	1,077	1,068	1,055	1,047	1,040	1,033	1,026	1,054	1,071	1,061	1,054	1,007	968	959	951	944	938	926	916	916	916	919	916	904	891	875	862	848	835	826	819	825	831	834	837	825	0	0	0
Materials and other
716	740	666	640	639	655	766	728	737	741	789	813	815	799	837	891	924	976	949	952	965	940	911	866	831	828	829	855	847	859	881	865	882	924	889	869	838	757	720	679	632	641	691	0	0	0
Loss on asset disposal
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total railway operating expenses
7,490	7,307	7,397	7,479	7,491	7,499	7,352	7,200	7,093	7,029	7,152	7,081	7,000	6,879	6,961	7,148	7,363	7,627	7,730	7,864	7,988	8,049	8,070	8,020	7,963	7,988	7,958	7,945	7,919	7,916	7,943	7,932	7,983	7,959	7,712	7,471	7,177	6,840	6,647	6,438	6,130	6,007	6,450	0	0	0
Income from railway operations
3,591	3,989	4,105	4,129	4,090	3,959	3,879	3,754	3,600	3,522	3,220	3,145	3,043	3,009	2,955	2,957	3,001	2,884	3,133	3,309	3,514	3,575	3,565	3,416	3,233	3,257	3,090	2,972	3,070	3,124	3,210	3,417	3,358	3,213	3,055	2,863	2,721	2,676	2,583	2,399	2,134	1,962	2,307	0	0	0
Other income – net
84	106	88	96	103	67	96	105	124	156	214	204	160	136	73	83	98	103	107	100	99	104	115	113	124	233	230	233	235	129	132	159	162	160	156	177	160	153	155	111	130	127	129	0	0	0
Interest expense on debt
609	604	600	592	570	557	543	535	544	550	558	568	566	563	563	556	552	545	532	533	538	545	553	546	535	525	517	510	504	495	482	472	463	455	454	453	455	462	466	471	469	467	459	0	0	0
Income before income taxes
3,066	3,491	3,593	3,633	3,623	3,469	3,432	3,324	3,180	3,128	2,876	2,781	2,637	2,582	2,465	2,484	2,547	2,442	2,708	2,876	3,075	3,134	3,127	2,983	2,822	2,965	2,803	2,695	2,801	2,758	2,860	3,104	3,057	2,918	2,757	2,587	2,426	2,367	2,272	2,039	1,795	1,622	1,977	0	0	0
Income taxes
640	769	835	830	832	803	-2,500	-2,412	-2,343	-2,276	1,024	975	923	914	852	879	914	886	1,002	1,063	1,133	1,134	1,125	1,058	994	1,055	993	965	1,012	1,009	1,044	1,136	1,056	1,002	919	858	862	871	871	780	681	588	730	0	0	0
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	1,247	0	0	0
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