Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Norfolk Southern Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	3,005)	2,013)	2,722)	2,666)	5,404)
Depreciation	1,181)	1,154)	1,139)	1,104)	1,059)
Deferred income taxes	184)	142)	330)	173)	(2,859)
Gains and losses on properties	(86)	(39)	(42)	(171)	(92)
Loss on asset disposal	—)	385)	—)	—)	—)
Impairment of investment	—)	99)	—)	—)	—)
Accounts receivable	(133)	71)	87)	(70)	(41)
Materials and supplies	3)	23)	(37)	15)	35)
Other current assets	(6)	3)	(4)	(46)	(71)
Current liabilities other than debt	283)	34)	(185)	223)	135)
Changes in assets and liabilities affecting operations	147)	131)	(139)	122)	58)
Other, net	(176)	(248)	(118)	(168)	(317)
Reconciliation of net income to net cash provided by operating activities	1,250)	1,624)	1,170)	1,060)	(2,151)
Net cash provided by operating activities	4,255)	3,637)	3,892)	3,726)	3,253)
Property additions	(1,470)	(1,494)	(2,019)	(1,951)	(1,723)
Property sales and other transactions	159)	333)	377)	204)	202)
Investment purchases	(10)	(13)	(18)	(10)	(7)
Investment sales and other transactions	99)	(1)	(104)	99)	47)
Net cash used in investing activities	(1,222)	(1,175)	(1,764)	(1,658)	(1,481)
Dividends	(1,028)	(960)	(949)	(844)	(703)
Common Stock transactions	17)	69)	27)	40)	89)
Purchase and retirement of Common Stock	(3,390)	(1,439)	(2,099)	(2,781)	(1,012)
Proceeds from borrowings, net of issuance costs	1,676)	784)	2,192)	2,023)	290)
Debt repayments	(584)	(381)	(1,188)	(750)	(702)
Other	—)	—)	23)	—)	—)
Net cash used in financing activities	(3,309)	(1,927)	(1,994)	(2,312)	(2,038)
Net increase (decrease) in cash and cash equivalents	(276)	535)	134)	(244)	(266)
Cash and cash equivalents, at beginning of year	1,115)	580)	446)	690)	956)
Cash and cash equivalents, at end of year	839)	1,115)	580)	446)	690)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Norfolk Southern Corp. net cash provided by operating activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Norfolk Southern Corp. net cash used in investing activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Norfolk Southern Corp. net cash used in financing activities increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Norfolk Southern Corp. (NYSE:NSC)

Cash Flow Statement