Stock Analysis on Net
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: Liabilities and Stockholders’ Equity

Paying user area

Try for free

Norfolk Southern Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Norfolk Southern Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts and wages payable
Casualty and other claims
Vacation liability
Due to Conrail
Other
Accounts payable
Short-term debt
Income and other taxes
Interest payable
Current operating lease liability
Pension benefit obligations
Other
Other current liabilities
Current maturities of long-term debt
Current liabilities
Long-term debt, excluding current maturities
Long-term advances from Conrail
Net pension benefit obligations
Non-current operating lease liability
Net other postretirement benefit obligations
Casualty and other claims
Deferred compensation
Other
Other liabilities
Deferred income taxes
Non-current liabilities
Total liabilities
Common Stock $1.00 per share par value, net of treasury shares
Additional paid-in capital
Accumulated other comprehensive loss
Retained income
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Current liabilities
Current liabilities exhibit a declining trend from 7.13% in 2017 to 5.69% in 2020, followed by a slight increase to 6.55% in 2021. Key components such as accounts payables decreased notably in 2020 to 2.68% from 3.77% in 2019, before rising again to 3.51% in 2021. Vacation liability also shows a gradual decrease over the period.
Long-term debt and related obligations
Long-term debt (excluding current maturities) increased steadily from 25.58% in 2017 to 34.52% in 2021, indicating a rising reliance on long-term borrowings. Current maturities of long-term debt fluctuated, peaking at 1.61% in 2018, dropping to 0.83% in 2019, then rising again to 1.44% in 2021.
Total liabilities
Total liabilities as a percentage of total liabilities and stockholders’ equity grew consistently each year, from 54.19% in 2017 to 64.56% in 2021. This increase is driven primarily by both the rise in long-term debt and a growing share of deferred income taxes, which increased slightly from 17.71% to 18.61% over the period.
Stockholders’ equity
Stockholders’ equity declined steadily from 45.81% in 2017 to 35.44% in 2021. This trend reflects decreases in components such as retained income, which dropped from 39.7% to 30.1%, and slight declines in common stock and additional paid-in capital percentages. The accumulated other comprehensive loss, while negative throughout, showed some volatility but generally remained below -1%.
Other liabilities and components
Other liabilities increased from 3.77% in 2017 to a peak of 5.23% in 2020 before declining slightly to 4.88% in 2021. Net pension benefit obligations showed a slight increasing trend until 2020, but decreased marginally in 2021. The net other postretirement benefit obligations decreased steadily over this period from 0.87% to 0.63%. Operating lease liabilities were accounted for from 2019 onwards, showing a decreasing trend into 2021 both in current and non-current categories.
Tax and interest obligations
Income and other taxes payable as a percentage of total liabilities and stockholders’ equity increased gradually from 0.59% in 2017 to 0.79% in 2021. Interest payable remained relatively stable around the 0.32%-0.39% range, indicating consistent interest-bearing obligations.
Claims and payables
Casualty and other claims decreased slightly over the period, both in current and non-current contexts. Accounts and wages payable showed a downward trend from 2.3% in 2017 to 1.45% in 2020 but increased again to 2.21% in 2021. Due to Conrail liabilities showed variability, peaking in 2019 at 0.7% then falling sharply in 2020 to 0.15%, slightly recovering in 2021.