Norfolk Southern Corporation
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $737.0M | $53.0M | $527.0M | $478.0M | $356.0M | $466.0M | $790.0M | $958.0M |
| Depreciation & Amortization | $335.0M | $337.0M | $330.0M | $326.0M | $321.0M | $321.0M | $309.0M | $306.0M |
| Depreciation | $335.0M | $337.0M | $330.0M | $326.0M | $321.0M | $321.0M | $309.0M | $306.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.04B | $839.0M | $673.0M | $660.0M | $673.0M | $1.17B | $798.0M | $1.41B |
| Investing Activities | ||||||||
| Capital Expenditures | $568.0M | $557.0M | $836.0M | $543.0M | $520.0M | $428.0M | $666.0M | $445.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-723.0M | $-1.84B | $-788.0M | $-653.0M | $-350.0M | $-391.0M | $-543.0M | $-346.0M |
| Financing Activities | ||||||||
| Dividends Paid | $305.0M | $305.0M | $305.0M | $305.0M | $308.0M | $307.0M | $286.0M | $290.0M |
| Stock Repurchases | $0 | $0 | $119.0M | $200.0M | $140.0M | $163.0M | $826.0M | $830.0M |
| Net Cash from Financing Activities | $-306.0M | $89.0M | $177.0M | $943.0M | $-319.0M | $-686.0M | $-1.01B | $-1.11B |
| Net Change in Cash | $7.0M | $-916.0M | $62.0M | $950.0M | $4.0M | $96.0M | $-758.0M | $-45.0M |
| Free Cash Flow | $468.0M | $282.0M | $-163.0M | $117.0M | $153.0M | $745.0M | $132.0M | $968.0M |