For the year ending 2025-12-31, NSC had -$111M decrease in cash & cash equivalents over the period. $2,157M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,873 | 2,622 | 1,827 | 3,270 |
| Depreciation | 1,393 | 1,353 | 1,298 | 1,221 |
| Deferred income taxes | 277 | 176 | -49 | 83 |
| Gains and losses on properties | 253 | 490 | 49 | 82 |
| Loss on asset disposal | - | - | - | 0 |
| Impairment of investment | - | - | - | 0 |
| Accounts receivable | -59 | -85 | 2 | 171 |
| Materials and supplies | -6 | 13 | 11 | 35 |
| Other current assets | 23 | -5 | 54 | 18 |
| Current liabilities other than debt | 259 | 548 | 435 | 23 |
| Other net | -230 | -234 | -216 | -69 |
| Net cash provided by operating activities | 4,361 | 4,052 | 3,179 | 4,222 |
| Property additions | 2,204 | 2,381 | 2,349 | 1,948 |
| Acquisition of assets of csr | 0 | 1,643 | - | - |
| Property sales and other transactions | 164 | 558 | 86 | 263 |
| Investment purchases | 621 | 319 | 124 | 12 |
| Investment sales and other transactions | -99 | -1,005 | -205 | -94 |
| Net cash used in investing activities | -2,562 | -2,780 | -2,182 | -1,603 |
| Dividends | 1,215 | 1,221 | 1,225 | 1,167 |
| Common stock transactions | 2 | 26 | 3 | -4 |
| Purchase and retirement of common stock | 534 | 0 | 622 | 3,110 |
| Proceeds from borrowings | 396 | 1,051 | 3,293 | 1,832 |
| Debt repayments | 559 | 1,055 | 1,334 | 553 |
| Net cash provided by (used in) financing activities | -1,910 | -1,199 | 115 | -3,002 |
| Net increase (decrease) in cash and cash equivalents | -111 | 73 | 1,112 | -383 |
| Cash and cash equivalents at beginning of period | 1,641 | 1,568 | 456 | 839 |
| Cash and cash equivalents at end of period | 1,530 | 1,641 | 1,568 | 456 |
NORFOLK SOUTHERN CORP (NSC)
NORFOLK SOUTHERN CORP (NSC)