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Norfolk Southern Corporation (NSC)
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NSC Cash Flow Statement

Operating, investing, and financing cash flow analysis

NSC Quarterly Cash Flow Statement (USD)

Quarterly ReportTTM
03/31/2026
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
09/30/2024
06/30/2024
Cash from Operations (CFO)
3.755B344.000M1.063B1.271B1.077B950.000M951.000M1.226B1.036B
2.670B547.000M644.000M711.000M768.000M750.000M733.000M1.099B737.000M
Depreciation & Amortization
1.399B352.000M353.000M348.000M346.000M346.000M342.000M339.000M335.000M
0.000.000.000.000.000.000.000.000.00
Change in Accounts Receivable
3.722B1.123B988.000M779.000M832.000M863.000M787.000M817.000M829.000M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
-419.000M-586.000M39.000M165.000M-37.000M-108.000M-49.000M108.000M30.000M
Cash from Investing
67.000M-382.000M1.475B-551.000M-475.000M-449.000M-675.000M-581.000M-569.000M
162.000M162.000M-102.000M54.000M48.000M18.000M-70.000M457.000M38.000M
Cash from Financing
Debt Repayment
-282.000M-5.000M0.00-70.000M-207.000M-257.000M11.000M5.000M1.000M
-1.212B-303.000M-303.000M-303.000M-303.000M-306.000M-306.000M-305.000M-305.000M
3.822B-38.000M2.538B720.000M602.000M501.000M276.000M645.000M467.000M
Net Change in Cash
335.000M-189.000M112.000M115.000M297.000M-635.000M666.000M316.000M7.000M

NSC Annual Cash Flow Statement (USD)

Annual Report
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Cash from Operations (CFO)
4.361B4.052B3.179B4.222B4.255B3.637B3.892B3.726B
2.873B2.622B1.827B3.270B3.005B2.013B2.722B2.666B
Depreciation & Amortization
1.393B1.353B1.298B1.221B1.181B1.154B1.138B1.102B
0.000.000.0053.000M0.0028.000M0.000.00
Change in Accounts Receivable
988.000M787.000M882.000M895.000M741.000M629.000M682.000M740.000M
Change in Inventory
Change in Accounts Payable
Change in Working Capital
71.000M625.000M368.000M-201.000M147.000M131.000M-139.000M122.000M
Cash from Investing
-2.204B-2.381B-2.349B-1.948B-1.470B-1.494B-2.019B-1.951B
164.000M558.000M86.000M263.000M159.000M1.000M104.000M204.000M
Cash from Financing
Debt Repayment
-534.000M26.000M-619.000M-3.114B-3.390B-1.439B-2.099B-2.781B
-1.215B-1.221B-1.225B-1.167B-1.028B-960.000M-949.000M-844.000M
2.157B1.671B830.000M2.274B2.785B2.143B1.873B1.775B
Net Change in Cash
-111.000M73.000M1.112B-383.000M-276.000M535.000M134.000M-244.000M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Norfolk Southern Corporation

Norfolk Southern Corporation (NSC), operating through its various subsidiaries, is a prominent rail transport provider in the United States. The company's core business involves the conveyance of raw materials, semi-finished goods, and completed merchandise across the nation. Its extensive freight services cover a broad spectrum of commodities. This includes a variety of agricultural and forestry products like grains (e.g., soybeans, wheat, corn), fertilizers, animal feeds, and diverse foodstuffs such as oils, flour, sweeteners, beverages, and canned goods, alongside lumber and paper products. NSC also handles a wide range of chemicals, from sulfur and petroleum derivatives to chlorine compounds, plastics, industrial chemicals, and sand. Furthermore, the company moves metals and construction supplies, including steel, aluminum, heavy machinery, cement, aggregates, and specialized military equipment. Transportation of both finished motor vehicles and automotive components is a significant segment, as is the consistent shipment of coal. Beyond its principal freight operations, Norfolk Southern facilitates global trade by connecting with various Atlantic and Gulf Coast ports for overseas cargo. The corporation also manages an expansive intermodal network and offers commuter passenger rail services. As of the close of 2021, the company's vast railway infrastructure extended over roughly 19,300 route miles, serving 22 states and the District of Columbia. Norfolk Southern Corporation, originally incorporated in 1980, is based in Atlanta, Georgia.

Atlanta, GA
19,600 employees
Industrials / Railroads
Sector
Industrials
Industry
Railroads
CEO
Mark R. George