For the quarter ending 2026-03-31, NSC had -$189M decrease in cash & cash equivalents over the period. -$38M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 547 | 644 | 711 | 768 |
| Depreciation | 352 | 353 | 348 | 346 |
| Deferred income taxes | 48 | -38 | 206 | 52 |
| Gains and losses on properties | 17 | 111 | 85 | 34 |
| Accounts receivable | 135 | -112 | -4 | -108 |
| Materials and supplies | 41 | -26 | -16 | 40 |
| Other current assets | -45 | 91 | -14 | -23 |
| Current liabilities other than debt | -388 | 234 | 131 | -128 |
| Other net | -67 | -66 | -74 | -18 |
| Net cash provided by operating activities | 344 | 1,063 | 1,271 | 1,077 |
| Property additions | 382 | 729 | 551 | 475 |
| Acquisition of assets of csr | - | 0 | 0 | 0 |
| Property sales and other transactions | 162 | 44 | 54 | 48 |
| Investment purchases | 3 | 6 | 2 | 4 |
| Investment sales and other transactions | -10 | -47 | -16 | -17 |
| Net cash used in investing activities | -213 | -644 | -483 | -414 |
| Dividends | 303 | 303 | 303 | 303 |
| Common stock transactions | -11 | 1 | 9 | 1 |
| Purchase and retirement of common stock | 5 | 0 | 78 | 208 |
| Proceeds from borrowings | - | 0 | 0 | 396 |
| Debt repayments | 1 | 5 | 301 | 252 |
| Net cash used in financing activities | -320 | -307 | -673 | -366 |
| Net decrease in cash and cash equivalents | -189 | 112 | 115 | 297 |
| At beginning of year | 1,530 | 1,418 | 1,303 | 1,006 |
| At end of period | 1,341 | 1,530 | 1,418 | 1,303 |
NORFOLK SOUTHERN CORP (NSC)
NORFOLK SOUTHERN CORP (NSC)