Norfolk Southern Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.40B | $1.67B | $1.56B | $2.00B | $1.91B | $1.75B | $1.92B | $1.50B |
| Depreciation & Amortization | $1.06B | $1.03B | — | — | — | — | — | — |
| Depreciation | $1.06B | $1.03B | $1.06B | $956.0M | $922.0M | $922.0M | $869.0M | $826.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $3.25B | $3.03B | $2.91B | $2.85B | $3.08B | $3.07B | $3.23B | $2.71B |
| Investing Activities | ||||||||
| Capital Expenditures | $1.72B | $1.89B | $2.39B | $2.12B | $1.97B | $2.24B | $2.16B | $1.47B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.48B | $-1.83B | — | $-2.00B | $-1.89B | $-1.99B | $-1.77B | $-1.46B |
| Financing Activities | ||||||||
| Dividends Paid | $703.0M | $695.0M | $713.0M | $687.0M | $637.0M | $624.0M | $576.0M | $514.0M |
| Stock Repurchases | $1.01B | $803.0M | $1.08B | $318.0M | $627.0M | $1.29B | $2.05B | $863.0M |
| Net Cash from Financing Activities | $-2.04B | $-1.35B | — | $-1.32B | $-394.0M | $-694.0M | $-2.01B | $-1.43B |
| Net Change in Cash | $-266.0M | $-145.0M | $128.0M | $-470.0M | $790.0M | $377.0M | $-551.0M | $-169.0M |
| Free Cash Flow | $1.53B | $1.15B | $523.0M | $734.0M | $1.11B | $824.0M | $1.07B | $1.24B |