greeksoup/ stock research
Stock research / United States / NSC / Q4 FY2021

Norfolk Southern (NSC) Q4 FY2021 earnings: revenue $2.9 billion, up 10.8% on the year

Norfolk Southern Corp. (NSC) reported revenue of $2.9 billion for Q4 FY2021, the quarter ended 31 December 2021, up 10.8% on the same quarter a year earlier. Net income was $760 million, up 13.3% on the year, and diluted earnings per share $3.11. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.

Revenue
$2.9 billion
+10.8% on the year · 0.0% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
39.6%
38.2% a year earlier
Q1 FY2020Q4 FY2021
Net income
$760 million
+13.3% on the year · +0.9% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$3.11
+17.8% on the year · +1.6% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue2,8522,8522,5730.0%+10.8%
Operating income1,1291,136984-0.6%+14.7%
Operating margin39.6%39.8%38.2%
Interest expense165n/an/a
Pre-tax income985n/an/a
Income tax225n/an/a
Effective tax rate22.8%n/an/a
Net income760753671+0.9%+13.3%
Net margin26.6%n/an/a
Diluted EPS$3.11$3.06$2.64+1.6%+17.8%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow942n/an/a
Capital expenditure445n/an/a
Free cash flow497n/an/a
Free cash flow margin17.4%n/an/a
Cash from investing-375n/an/a
Cash from financing-1,193n/an/a
Depreciation and amortisation298297287+0.3%+3.8%
Share-based compensation8.0n/an/a
Buybacks930n/an/a
Dividends paid264n/an/a
Diluted shares, weighted248m246mn/a+0.7%
Shares outstanding at period end240m243m252m-1.3%-4.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity13,64113,88714,791-1.8%-7.8%
Debt13,84013,83212,681+0.1%+9.1%
Operating lease liabilities331n/an/a
Other liabilities10,681n/an/a
Total liabilities and equity38,493n/an/a
Fixed assets31,653n/an/a
Investments3,707n/an/a
Cash and equivalents8391,4651,115-42.7%-24.8%
Receivables976n/an/a
Other assets1,318n/an/a
Total assets38,493n/an/a

Questions

What was Norfolk Southern's revenue in Q4 FY2021?

Norfolk Southern (NSC) reported revenue of $2.9 billion for Q4 FY2021, the quarter ended 31 December 2021, up 10.8% on the same quarter a year earlier.

How much did Norfolk Southern earn in Q4 FY2021?

Net income for Q4 FY2021 was $760 million, up 13.3% on the year, and diluted earnings per share $3.11.

When did Norfolk Southern report Q4 FY2021 results?

Norfolk Southern filed its 10-K for the year that ended with the quarter on 4 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,8522,9153,2503,3433,2373,1322,9802,9713,0733,0043,0443,0513,0242,9933,1103,1032,9742,9983,4653,526
Operating income1,1291,0851,2711,2721,1817115767568082131,1311,5961,1311,1461,1751,0989378771,1241,150
Operating margin40%37%39%38%36%23%19%25%26%7%37%52%37%38%38%35%32%29%32%33%
Interest expense165168170177177175170182195201204203199199201197195197197193
Pre-tax income9859121,0871,0931,03859246361465130.09441,427928978998924765715959987
Tax rate23%23%25%12%24%21%23%22%19%-77%22%23%21%23%23%23%16%23%23%23%
Net income76070381995879046635647852753.07371,099733750768711644547734759
Net margin27%24%25%29%24%15%12%16%17%2%24%36%24%25%25%23%22%18%21%22%
Diluted EPS$3.11$2.93$3.45$4.10$3.40$2.04$1.56$2.10$2.32$0.23$3.25$4.85$3.24$3.31$3.41$3.16$2.87$2.43$3.26$3.37
Operating cash flow9429941,0171,4137981,1736736606738391,0361,2269519501,0771,2711,0633441,0541,322
Capital expenditure445389448445666428520548853557568581675449475551729382439586
Free cash flow497605569968132745153112-180282468645276501602720334-38.0615736
Buybacks9306008548308261631402001190.00.00.00.024820878.00.05.00.00.0
Dividends paid264297294290286307308305305305305305306306303303303303303304
Shares outstanding240m238m235m232m228m228m227m226m226m226m226m226m226m225m225m224m224m225m225m225m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 4 February 2022: the filing.