Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

$22.49

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

Common-Size Balance Sheet: Assets

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Norfolk Southern Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Accounts receivable, net
Materials and supplies
Other current assets
Current assets
Equity method investments
COLI at net cash surrender value
Other investments
Long-term investments
Properties less accumulated depreciation
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets showed a fluctuating trend over the observed period. It decreased from 1.93% in 2017 to a low of 0.99% in 2018, then increased to 2.94% in 2020 before slightly declining again to 2.18% in 2021.
Accounts Receivable, Net
This item experienced minor fluctuations, initially rising slightly from 2.67% in 2017 to 2.78% in 2018, followed by a steady decline to 2.23% in 2020, and a modest recovery to 2.54% by 2021.
Materials and Supplies
The share of materials and supplies within total assets remained relatively stable throughout the period, with minor variations ranging narrowly between 0.57% and 0.64%.
Other Current Assets
Other current assets maintained a consistent level at 0.79% during 2017 and 2018, peaked at 0.89% in 2019, then sharply dropped to 0.35% in both 2020 and 2021, indicating a notable reduction in this category.
Current Assets
Total current assets as a percentage of total assets showed variability. After a decrease from 6.02% in 2017 to 5.14% in 2018, the ratio increased to 6.11% in 2020, followed by a decline to 5.63% in 2021. This suggests some volatility in short-term asset liquidity.
Equity Method Investments
Equity method investments demonstrated a gradual upward trend, increasing from 6.79% in 2017 to 7.27% in 2021, reflecting a growing proportion of long-term strategic investments.
COLI at Net Cash Surrender Value
The company's investment in Corporate-Owned Life Insurance (COLI) increased steadily from 1.48% in 2017 to a peak of 2.38% in 2020, with a slight decrease to 2.30% in 2021, indicating a strategic increment followed by stable maintenance.
Other Investments
Other investments remained minimal and relatively stable, fluctuating modestly between 0.04% and 0.07% over the years.
Long-Term Investments
Long-term investments showed a consistent increasing trend, advancing from 8.35% in 2017 to 9.63% in 2021, signaling an emphasis on long-term asset growth.
Properties Less Accumulated Depreciation
This category represented the largest portion of total assets and generally decreased from 84.93% in 2017 to 82.23% in 2021, indicating a slight decline in net property, plant, and equipment relative to total assets over time.
Other Assets
Other assets displayed notable variability, starting at 0.70% in 2017, dropping to 0.49% in 2018, then rising sharply to 2.11% in 2019, slightly declining to 1.87% in 2020, and increasing again to 2.51% in 2021. This suggests increased diversification or recognition of additional asset types.
Non-Current Assets
Non-current assets generally accounted for the vast majority of total assets, remaining consistently high between 93.89% and 94.86% throughout the period, reflecting the capital-intensive nature of the asset structure.
Total Assets
Total assets are normalized to 100% across all periods, serving as the basis for the relative percentage analyses of component asset categories.