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.

Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Norfolk Southern Corp., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable
Short-term debt
Income and other taxes
Other current liabilities
Current maturities of long-term debt
Current liabilities
Long-term debt, excluding current maturities
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-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).

Accounts Payable
The accounts payable balance exhibited moderate fluctuations over the observed periods, starting at 1,211 million USD in March 2017, peaking near 1,505 million USD by December 2018, then generally declining with some volatility to 1,181 million USD by March 2022.
Short-term Debt
Short-term debt showed sporadic presence with multiple periods of no reported values. Notable entries include 100 million USD in December 2017, 50 million USD in June 2018, and a peak of 350 million USD in September 2019, followed by an absence thereafter.
Income and Other Taxes
Income and other taxes fluctuated within a range of roughly 200 to 380 million USD throughout the timeframe. The amount decreased from 379 million USD in March 2017 to lower levels around 200-270 million USD in mid-2019 to mid-2020, then gradually rose to 443 million USD by March 2022, signaling variability possibly linked to profitability and tax policy changes.
Other Current Liabilities
This category varied moderately with values generally ranging from approximately 250 million USD to just above 400 million USD. The balance increased from 303 million USD in March 2017 to a peak near 401 million USD in September 2019, followed by fluctuations that ended near 370 million USD by March 2022.
Current Maturities of Long-term Debt
There was a noticeable decline in current maturities of long-term debt from 600 million USD early on to a low of around 85-89 million USD in mid-2020, then a sharp increase occurred afterwards, climbing to 1,153 million USD by March 2022. This implies a restructuring or significant refinancing activity.
Current Liabilities
Current liabilities demonstrated considerable variation, starting near 2,443 million USD in March 2017, hitting lows around 1,935-2,005 million USD in mid-2020, and climbing back to 3,147 million USD by March 2022. This increase toward the end of the period indicates rising short-term obligations.
Long-term Debt, Excluding Current Maturities
Long-term debt showed an overall upward trend, growing from 9,569 million USD in March 2017 to 13,691 million USD by March 2022. Despite minor fluctuations, this steady increase points toward greater leverage or capital investments financed through long-term borrowing.
Other Liabilities
Other liabilities remained relatively stable with slight increases and decreases, ranging between approximately 1,266 million USD and 1,987 million USD across the timeframe. Despite some volatility, the ending balance of 1,845 million USD suggests no major shifts.
Deferred Income Taxes
Deferred income taxes displayed a marked decline from over 9,100 million USD in early 2017 to around 6,300 million USD by December 2017, after which a gradual and consistent recovery ensued, reaching approximately 7,217 million USD by March 2022.
Non-current Liabilities
Non-current liabilities decreased sharply from around 20,175 million USD in early 2017 to 16,807 million USD by the end of 2017, then gradually rose again to 22,753 million USD by March 2022. The initial decline and subsequent rise indicate refinancing activities and growing long-term obligations.
Total Liabilities
Total liabilities followed a similar pattern to non-current liabilities, dropping from around 22,618 million USD in March 2017 to 19,352 million USD in December 2017, then gradually increasing to 25,900 million USD by March 2022. Increases in liabilities from 2020 onward reflect escalating debt levels.
Common Stock, Net of Treasury Shares
The common stock value exhibited a gradual decrease from 291 million USD in March 2017 to 240 million USD by March 2022, indicative of share repurchases or retirements over time.
Additional Paid-in Capital
Additional paid-in capital remained relatively stable with minimal fluctuations around the 2,200 million USD mark. A slight dip is noticeable in 2018 to below 2,000 million USD at one point, followed by recovery to approximately 2,200 million USD, ending near 2,203 million USD in March 2022.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss fluctuated between -485 million USD and -356 million USD early on, then worsened to near -594 million USD by late 2020, before improving to approximately -394 million USD by March 2022. These movements suggest variable unrealized losses or gains in items like foreign currency translation or pension accounting.
Retained Income
Retained income initially rose from about 10,493 million USD in March 2017 to a peak above 14,000 million USD at the end of 2017 but then trended downward steadily to 11,412 million USD by March 2022, reflecting distributions to shareholders, possible losses, or lower retained earnings accumulation.
Stockholders’ Equity
Stockholders’ equity experienced growth up to 16,359 million USD by the end of 2017, followed by a gradual decline to 13,461 million USD by March 2022. This downward trend suggests increasing liabilities and/or reductions in equity through buybacks or losses.
Total Liabilities and Stockholders’ Equity
The total of liabilities and stockholders’ equity exhibited a generally upward trajectory, increasing from 35,145 million USD in March 2017 to 39,361 million USD in March 2022, indicating overall growth in the balance sheet size despite internal reallocations between liabilities and equity components.