Below are the financial statements of Norfolk Southern, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Railway operating revenues | 12.12a | 12.16a | 12.75a |
| Railway operating expenses | — | — | — |
| Compensation and benefits | -2.82a | -2.82a | -2.62a |
| Purchased services and rents | -2.05a | -2.07a | -1.92a |
| Fuel | -0.99a | -1.17a | -1.46a |
| Depreciation | -1.35a | -1.3a | -1.22a |
| Materials and other | -0.33a | -0.83a | -0.71a |
| Restructuring and other charges | -0.18a | 0a | 0a |
| Eastern Ohio incident | -0.33a | -1.12a | 0a |
| Total railway operating expenses | -8.05a | -9.31a | -7.94a |
| Income from railway operations | 4.07a | 2.85a | 4.81a |
| Other income - net | 0.07a | 0.19a | 0.01a |
| Interest expense on debt | -0.81a | -0.72a | -0.69a |
| Income before income taxes | 3.33a | 2.32a | 4.13a |
| Income taxes | -0.71a | -0.49a | -0.86a |
| Net income | 2.62a | 1.83a | 3.27a |
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