NORFOLK SOUTHERN CORP (NSC) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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NORFOLK SOUTHERN CORP cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $750,000,000.00Depreciation → Operating adjustments reconciliation: $346,000,000.00Deferred income taxes → Operating adjustments reconciliation: $57,000,000.00Other current assets → Operating adjustments reconciliation: $31,000,000.00Current liabilities other than debt → Operating adjustments reconciliation: $22,000,000.00Materials and supplies → Operating adjustments reconciliation: $4,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $200,000,000.00Operating adjustments reconciliation → Accounts receivable: $165,000,000.00Operating adjustments reconciliation → Other – net: $72,000,000.00Operating adjustments reconciliation → Gains and losses on properties: $23,000,000.00Investment sales and other transactions → investing reconciliation: $19,000,000.00Property sales and other transactions → investing reconciliation: $18,000,000.00investing reconciliation → Investment purchases: $609,000,000.00investing reconciliation → Property additions: $449,000,000.00Net cash used in financing activities → financing reconciliation: $564,000,000.00financing reconciliation → Dividends: $306,000,000.00financing reconciliation → Purchase and retirement of common stock: $248,000,000.00financing reconciliation → Common stock transactions: $9,000,000.00financing reconciliation → Debt repayments: $1,000,000.00Net cash used in investing activities → investing reconciliation: $1,021,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,641,000,000.00Net cash from operating activities → Cash sources and uses: $950,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,006,000,000.00Cash sources and uses → Net cash used in investing activities: $1,021,000,000.00Cash sources and uses → Net cash used in financing activities: $564,000,000.00Net income: $750,000,000.00Net income+$750.00 MDepreciation: $346,000,000.00Depreciation & amortization+$346.00 MDeferred income taxes: $57,000,000.00Deferred income taxes+$57.00 MGains and losses on properties: -$23,000,000.00Asset disposal gain & loss−$23.00 MAccounts receivable: -$165,000,000.00Accounts receivable−$165.00 MMaterials and supplies: $4,000,000.00Materials and supplies+$4.00 MOther current assets: $31,000,000.00Other current assets+$31.00 MCurrent liabilities other than debt: $22,000,000.00Other operating liabilities+$22.00 MOther – net: -$72,000,000.00Other operating, net−$72.00 MNet cash from operating activities: $950,000,000.00Operating cash+$950.00 MOperating adjustments reconciliation: $460,000,000.00Dividends: -$306,000,000.00Common dividends paid−$306.00 MCommon stock transactions: -$9,000,000.00Common stock transactions−$9.00 MPurchase and retirement of common stock: -$248,000,000.00Common stock repurchases−$248.00 MProceeds from borrowings: $0.00Debt repayments: -$1,000,000.00Debt & lease obligations repaid−$1.00 MNet cash used in financing activities: -$564,000,000.00. Cash required to fund net payments.Financing cash−$564.00 Mfinancing reconciliation: $564,000,000.00Property additions: -$449,000,000.00PP&E purchases−$449.00 MProperty sales and other transactions: $18,000,000.00PP&E sales+$18.00 MInvestment sales and other transactions: $19,000,000.00Other investing, net+$19.00 MAcquisition of assets of CSR: $0.00Investment purchases: -$609,000,000.00Investment purchases−$609.00 MNet cash used in investing activities: -$1,021,000,000.00. Cash required to fund net payments.Investing cash−$1.02 Binvesting reconciliation: $1,058,000,000.00Cash sources and uses: $2,591,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,641,000,000.00Beginning cash$1.64 BEnding cash: Cash, cash equivalents, and restricted cash: $1,006,000,000.00Ending cash$1.01 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$501.00 MOperating cash − cash spent on PP&ECash flow / Net income1.27×Operating cash flow ÷ net incomeNet cash change−$635.00 MEnding cash − beginning cash
Chart details

NORFOLK SOUTHERN CORP cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
1,641,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
950,000,000 US dollars. Net cash provided.
Net income
750,000,000 US dollars
Depreciation
346,000,000 US dollars
Deferred income taxes
57,000,000 US dollars
Gains and losses on properties
negative 23,000,000 US dollars
Accounts receivable
negative 165,000,000 US dollars
Materials and supplies
4,000,000 US dollars
Other current assets
31,000,000 US dollars
Current liabilities other than debt
22,000,000 US dollars
Other – net
negative 72,000,000 US dollars
Investing activities
negative 1,021,000,000 US dollars. Net cash used.
Property additions
negative 449,000,000 US dollars
Property sales and other transactions
18,000,000 US dollars
Investment sales and other transactions
19,000,000 US dollars
Acquisition of assets of CSR
0 US dollars
Investment purchases
negative 609,000,000 US dollars
Financing activities
negative 564,000,000 US dollars. Net cash used.
Dividends
negative 306,000,000 US dollars
Common stock transactions
negative 9,000,000 US dollars
Purchase and retirement of common stock
negative 248,000,000 US dollars
Proceeds from borrowings
0 US dollars
Debt repayments
negative 1,000,000 US dollars
Operating adjustment reconciliation
460,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
564,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,058,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Mar 31, 2025
1,006,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,591,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 635,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.27×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
950,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
449,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
501,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $200.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 950,000,000 US dollars minus 449,000,000 US dollars equals 501,000,000 US dollars.
NORFOLK SOUTHERN CORP (NSC) FY2025 Q1 Statement of Cash Flows Sankey chart
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