Norfolk Southern Corp.

NSC ·Industrials, Railroads, United States
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011
Revenue $11.46B $10.55B $9.89B $10.50B $12.12B $11.24B $11.04B $11.17B
Merchandise $6.71B $6.15B $6.01B $6.23B $7.03B $6.55B $6.25B $5.90B
Intermodal $2.88B $2.55B $2.24B $2.38B $2.61B $2.45B $2.31B $2.13B
Coal $1.87B $1.85B $1.64B $1.88B $2.49B $2.24B $2.48B $3.14B
Cost of Revenue
Gross Profit
Gross Margin
Operating Expenses
Research & Development
SG&A Expense
Operating Income $3.96B $3.52B $3.01B $2.88B $3.58B $3.26B $3.12B $3.21B
Operating Margin 34.6% 33.4% 30.4% 27.5% 29.5% 29.0% 28.3% 28.8%
Interest Expense $557.0M $550.0M $563.0M $545.0M $545.0M $525.0M $495.0M $455.0M
Pretax Income $3.47B $3.13B $2.58B $2.44B $3.13B $2.97B $2.76B $2.92B
Income Tax Expense $803.0M $-2.28B $914.0M $886.0M $1.13B $1.06B $1.01B $1.00B
Net Income $2.67B $5.40B $1.67B $1.56B $2.00B $1.91B $1.75B $1.92B
Net Margin 23.3% 51.2% 16.9% 14.8% 16.5% 17.0% 15.8% 17.1%
EPS (Basic) $9.58 $18.76 $5.66 $5.13 $6.44 $6.10 $5.42 $5.52
EPS (Diluted) $9.51 $18.61 $5.62 $5.10 $6.39 $6.04 $5.37 $5.45
Shares Outstanding (Basic) 277.7M 287.9M 293.9M 301.9M 309.4M 308.9M 314.0M 330.4M
Shares Outstanding (Diluted) 280.2M 290.3M 296.0M 304.4M 312.5M 308.9M 314.0M 330.4M
Dividends Per Share $3.04 $2.44 $2.36 $2.36 $2.22 $2.04 $1.94 $1.66
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