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 

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

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents 839 1,115 580 358 690
Accounts receivable, net 976 848 920 1,009 955
Materials and supplies 218 221 244 207 222
Other current assets 134 134 337 288 282
Current assets 2,167 2,318 2,081 1,862 2,149
Equity method investments 2,797 2,662 2,646 2,532 2,425
COLI at net cash surrender value 885 902 767 556 530
Other investments 25 26 15 21 26
Long-term investments 3,707 3,590 3,428 3,109 2,981
Properties less accumulated depreciation 31,653 31,345 31,614 31,091 30,330
Other assets 966 709 800 177 251
Non-current assets 36,326 35,644 35,842 34,377 33,562
Total assets 38,493 37,962 37,923 36,239 35,711

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).


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. current assets increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 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. properties less accumulated depreciation decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. non-current assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. total assets increased from 2019 to 2020 and from 2020 to 2021.

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. cash and cash equivalents increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 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. accounts receivable, net decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
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. materials and supplies decreased from 2019 to 2020 and from 2020 to 2021.