Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Norfolk Southern Corp. (NYSE:NSC)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Norfolk Southern Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 580  358  690  956  1,101 
Accounts receivable, net 920  1,009  955  945  946 
Materials and supplies 244  207  222  257  271 
Deferred income taxes —  —  —  —  121 
Other current assets 337  288  282  133  194 
Current assets 2,081  1,862  2,149  2,291  2,633 
Equity method investments 2,646  2,532  2,425  2,176  2,102 
Corporate-owned life insurance at net cash surrender value 767  556  530  415  308 
Other investments 15  21  26  186  162 
Investments 3,428  3,109  2,981  2,777  2,572 
Properties less accumulated depreciation 31,614  31,091  30,330  29,751  28,992 
Other assets 800  177  251  73  63 
Non-current assets 35,842  34,377  33,562  32,601  31,627 
Total assets 37,923  36,239  35,711  34,892  34,260 

Based on: 10-K (filing date: 2020-02-06), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-05), 10-K (filing date: 2017-02-06), 10-K (filing date: 2016-02-08).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Norfolk Southern Corp.’s current assets decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Properties less accumulated depreciation Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Norfolk Southern Corp.’s properties less accumulated depreciation increased from 2017 to 2018 and from 2018 to 2019.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Norfolk Southern Corp.’s non-current assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Norfolk Southern Corp.’s total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Norfolk Southern Corp.’s cash and cash equivalents decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Norfolk Southern Corp.’s accounts receivable, net increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Materials and supplies Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Norfolk Southern Corp.’s materials and supplies decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.