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.

Balance Sheet: Assets 
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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 (quarterly data)

US$ in millions

Microsoft Excel
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 1,571 839 1,465 1,670 998 1,115 1,359 1,143 608 580 452 274 411 358 729 430 1,072 690 724 642 955
Accounts receivable, net 1,070 976 945 941 944 848 883 822 889 920 973 1,039 1,048 1,009 1,043 1,035 973 955 973 926 998
Materials and supplies 264 218 235 246 241 221 247 257 265 244 266 256 228 207 267 260 245 222 245 289 281
Other current assets 110 134 77 155 120 134 90 128 240 337 325 345 235 288 70 179 189 282 57 79 93
Current assets 3,015 2,167 2,722 3,012 2,303 2,318 2,579 2,350 2,002 2,081 2,016 1,914 1,922 1,862 2,109 1,904 2,479 2,149 1,999 1,936 2,327
Investments 3,697 3,707 3,684 3,658 3,604 3,590 3,566 3,590 3,470 3,428 3,376 3,301 3,198 3,109 3,109 3,058 3,020 2,981 2,888 2,848 2,809
Properties less accumulated depreciation 31,657 31,653 31,429 31,355 31,312 31,345 31,239 31,217 31,179 31,614 31,394 31,201 31,158 31,091 30,712 30,540 30,396 30,330 30,163 30,033 29,927
Other assets 992 966 769 729 718 709 795 805 787 800 714 756 784 177 392 286 267 251 103 105 82
Non-current assets 36,346 36,326 35,882 35,742 35,634 35,644 35,600 35,612 35,436 35,842 35,484 35,258 35,140 34,377 34,213 33,884 33,683 33,562 33,154 32,986 32,818
Total assets 39,361 38,493 38,604 38,754 37,937 37,962 38,179 37,962 37,438 37,923 37,500 37,172 37,062 36,239 36,322 35,788 36,162 35,711 35,153 34,922 35,145

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 quarterly financial data reveals several trends and patterns in the company's asset composition over the observed periods.

Cash and Cash Equivalents
The cash and cash equivalents show considerable volatility throughout the quarters. Starting at 955 million US dollars in the first quarter of 2017, a decline is observed by mid-2017. Subsequently, the figure fluctuates with notable increases near the end of 2020 and early 2021, peaking at 1670 million US dollars in March 2021, followed by a drop and rise again, indicating fluctuating liquidity levels.
Accounts Receivable, Net
The accounts receivable remain relatively stable across the quarters, ranging approximately between 822 and 1070 million US dollars. There is a moderate upward trend starting in early 2021, reaching the highest value in the timeframe at 1070 million US dollars in the first quarter of 2022, suggesting consistent or slightly growing credit sales.
Materials and Supplies
Inventories measured by materials and supplies exhibit a gentle downward trend after mid-2018, with some fluctuations. Initial values of around 281 million US dollars decrease to a lower bound near 218 million by early 2022, reflecting possible inventory management improvements or changes in supply chain requirements.
Other Current Assets
This category presents significant irregularities, with notable spikes in several quarters, including December 2017, December 2018, and mid-2019. The fluctuations indicate varying short-term asset components or reclassifications during the periods without a clear upward or downward long-term trend.
Current Assets
The aggregate current assets depict cyclical behavior with troughs in mid-2018 and early 2022. Peaks occur during the first quarter of 2018 and more prominently in mid-2021 and early 2022, with values climbing over 3000 million US dollars. This pattern suggests periodic changes in working capital driven primarily by cash and other asset adjustments.
Investments
Investments show a steady incremental increase from 2809 million US dollars in early 2017 to a peak at 3707 million in mid-2021, followed by a slight dip towards early 2022. The gradual growth suggests ongoing investment activity, likely reflecting portfolio accumulation or capital expenditure adjustments.
Properties Less Accumulated Depreciation
Property, plant, and equipment net of depreciation increase consistently over time, from 29927 million US dollars at the start of 2017 to 31657 million by the first quarter of 2022. The steady growth illustrates continuous capital investment and asset base expansion with moderate depreciation effects.
Other Assets
Other non-current assets display notable volatility, with significant jumps in some quarters such as Mar 2019, climbing from mid-hundreds to values nearing a thousand million US dollars by early 2022. These fluctuations may reflect intangible asset valuation changes or other long-term asset adjustments.
Non-Current Assets
Total non-current assets follow an upward trend, growing from 32818 million US dollars in early 2017 to over 36346 million by the first quarter of 2022. Despite minor fluctuations, the general increase correlates with the property and investment growth trends, denoting an increasing long-term asset base.
Total Assets
Total assets mirror the combined trends of current and non-current assets, advancing from approximately 35145 million US dollars at the beginning of 2017 to 39361 million by early 2022. The growth trajectory is moderately steady, implying overall asset base expansion despite some interim contractions.

Assets: Selected Items


Current Assets: Selected Items