Stock Analysis on Net
Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

This company has been moved to the archive! The financial data has not been updated since April 27, 2022.

Common-Size Balance Sheet: Assets 
Quarterly Data

Norfolk Southern Corp., common-size consolidated balance sheet: assets (quarterly data)

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Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 3.99 2.18 3.79 4.31 2.63 2.94 3.56 3.01 1.62 1.53 1.21 0.74 1.11 0.99 2.01 1.20 2.96 1.93 2.06 1.84 2.72
Accounts receivable, net 2.72 2.54 2.45 2.43 2.49 2.23 2.31 2.17 2.37 2.43 2.59 2.80 2.83 2.78 2.87 2.89 2.69 2.67 2.77 2.65 2.84
Materials and supplies 0.67 0.57 0.61 0.63 0.64 0.58 0.65 0.68 0.71 0.64 0.71 0.69 0.62 0.57 0.74 0.73 0.68 0.62 0.70 0.83 0.80
Other current assets 0.28 0.35 0.20 0.40 0.32 0.35 0.24 0.34 0.64 0.89 0.87 0.93 0.63 0.79 0.19 0.50 0.52 0.79 0.16 0.23 0.26
Current assets 7.66% 5.63% 7.05% 7.77% 6.07% 6.11% 6.76% 6.19% 5.35% 5.49% 5.38% 5.15% 5.19% 5.14% 5.81% 5.32% 6.86% 6.02% 5.69% 5.54% 6.62%
Investments 9.39 9.63 9.54 9.44 9.50 9.46 9.34 9.46 9.27 9.04 9.00 8.88 8.63 8.58 8.56 8.54 8.35 8.35 8.22 8.16 7.99
Properties less accumulated depreciation 80.43 82.23 81.41 80.91 82.54 82.57 81.82 82.23 83.28 83.36 83.72 83.94 84.07 85.79 84.55 85.34 84.06 84.93 85.80 86.00 85.15
Other assets 2.52 2.51 1.99 1.88 1.89 1.87 2.08 2.12 2.10 2.11 1.90 2.03 2.12 0.49 1.08 0.80 0.74 0.70 0.29 0.30 0.23
Non-current assets 92.34% 94.37% 92.95% 92.23% 93.93% 93.89% 93.24% 93.81% 94.65% 94.51% 94.62% 94.85% 94.81% 94.86% 94.19% 94.68% 93.14% 93.98% 94.31% 94.46% 93.38%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The analysis of the data reveals several important trends and patterns in the composition of the assets over the observed quarters.

Cash and Cash Equivalents
The percentage of total assets represented by cash and cash equivalents fluctuated over the period, generally remaining below 4%. A notable increase occurred from mid-2020 to mid-2021, peaking at 4.31% in June 2021, before declining slightly towards the end of the period.
Accounts Receivable, Net
This component remained relatively stable, ranging roughly between 2.17% and 2.89% of total assets. The values show minor fluctuations without a clear upward or downward trend, indicating consistent management of receivables relative to total assets.
Materials and Supplies
The percentage of materials and supplies generally hovered between 0.57% and 0.83%, with a slight tendency to decrease towards the end of the period. This suggests a modest decline in inventory relative to total assets.
Other Current Assets
These assets experienced considerable variation, with percentages ranging from 0.16% to 0.93%. Peaks occurred at the ends of 2017 and mid-2019, but the most recent quarters show a stabilization around 0.28% to 0.40%, indicating more consistent levels in recent periods.
Current Assets (Aggregate)
Overall, current assets as a percentage of total assets fluctuated between approximately 5.14% and 7.77%. There is a noticeable spike reaching the highest value of 7.77% in June 2021, corresponding with the rise in cash and cash equivalents during that time, followed by a reduction towards the last period.
Investments
Investments maintained a steady growth trend, increasing from 7.99% to a peak of 9.63% around early 2022, suggesting an increasing allocation of resources into investments relative to total assets.
Properties Less Accumulated Depreciation
This category represents the largest portion of total assets, consistently above 80%. A gradual decline in the percentage share is evident, falling from approximately 86% in early 2017 to about 80.43% in March 2022, indicating a relative decrease of property assets within the total asset base.
Other Assets
Other assets show an increasing trend, particularly after 2017, with values rising from as low as 0.23% to around 2.52% by early 2022. This growth suggests diversification or reclassification of asset types outside the main categories.
Non-Current Assets (Aggregate)
Non-current assets constitute the majority of total assets, consistently above 90%. A slight downward trend is observable, with the ratio falling from about 94.46% in mid-2017 to 92.34% in March 2022, reflecting the relative increase in current assets and other assets.
Total Assets
By definition, the total assets equal 100% in all periods, serving as the basis for proportional analysis of the individual asset categories.

In summary, the company's asset base is predominantly composed of property assets, which, although slightly declining as a relative percentage, remain the primary asset type. Investments show a moderate upward trend, and current assets exhibit moderate fluctuations with a temporary surge in cash equivalents and overall current assets mid-2021. Other assets have steadily increased, pointing to a broadened asset profile. The overall trends suggest cautious shifts in asset allocation while maintaining a strong emphasis on long-term assets.