Norfolk Southern Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	12,156	12,745	11,142	9,789	11,296	Upgrade
Revenue Growth (YoY)	-4.62%	14.39%	13.82%	-13.34%	-1.41%	Upgrade
Cost of Revenue	4,072	4,094	3,072	2,875	3,418	Upgrade
Gross Profit	8,084	8,651	8,070	6,914	7,878	Upgrade
Selling, General & Admin	2,819	2,621	2,442	2,373	2,751	Upgrade
Other Operating Expenses	2,414	1,221	1,181	1,539	1,138	Upgrade
Operating Expenses	5,233	3,842	3,623	3,912	3,889	Upgrade
Operating Income	2,851	4,809	4,447	3,002	3,989	Upgrade
Interest Expense / Income	722	692	646	625	604	Upgrade
Other Expense / Income	-191	-13	-77	-153	-106	Upgrade
Pretax Income	2,320	4,130	3,878	2,530	3,491	Upgrade
Income Tax	493	860	873	517	769	Upgrade
Net Income	1,827	3,270	3,005	2,013	2,722	Upgrade
Net Income Growth	-44.13%	8.82%	49.28%	-26.05%	2.10%	Upgrade
Shares Outstanding (Basic)	226	232	243	254	261	Upgrade
Shares Change	-2.32%	-4.86%	-4.19%	-2.59%	-4.26%	Upgrade
EPS (Basic)	8.04	13.92	12.16	7.88	10.32	Upgrade
EPS (Diluted)	8.02	13.88	12.11	7.84	10.25	Upgrade
EPS Growth	-42.22%	14.62%	54.46%	-23.51%	7.78%	Upgrade
Free Cash Flow	916	2,537	2,944	2,476	2,250	Upgrade
Free Cash Flow Per Share	4.05	10.96	12.10	9.75	8.63	Upgrade
Dividend Per Share	5.400	4.960	4.160	3.760	3.600	Upgrade
Dividend Growth	8.87%	19.23%	10.64%	4.44%	18.42%	Upgrade
Gross Margin	66.50%	67.88%	72.43%	70.63%	69.74%	Upgrade
Operating Margin	23.45%	37.73%	39.91%	30.67%	35.31%	Upgrade
Profit Margin	15.03%	25.66%	26.97%	20.56%	24.10%	Upgrade
Free Cash Flow Margin	7.54%	19.91%	26.42%	25.29%	19.92%	Upgrade
Effective Tax Rate	21.25%	20.82%	22.51%	20.43%	22.03%	Upgrade
EBITDA	4,340	6,043	5,705	4,309	5,234	Upgrade
EBITDA Margin	35.70%	47.41%	51.20%	44.02%	46.33%	Upgrade
Depreciation & Amortization	1,298	1,221	1,181	1,154	1,139	Upgrade
EBIT	3,042	4,822	4,524	3,155	4,095	Upgrade
EBIT Margin	25.02%	37.83%	40.60%	32.23%	36.25%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).