Norfolk Southern (NSC) FY2022 results: revenue $12.7 billion, up 14.4% on the year
Norfolk Southern Corp. (NSC) reported revenue of $12.7 billion for fiscal 2022, the year ended 31 December 2022, up 14.4% on the year before. Net income was $3.3 billion, up 8.8%, and diluted earnings per share $13.88. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2023.
Revenue
$12.7 billion
+14.4% on the year
FY2015FY2022
Operating margin
37.7%
39.9% a year earlier
FY2015FY2022
Net income
$3.3 billion
+8.8% on the year
FY2015FY2022
Diluted EPS
$13.88
+14.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,222
4,255
3,637
-0.8%
Capital expenditure
1,948
1,470
1,494
+32.5%
Free cash flow
2,274
2,785
2,143
-18.3%
Free cash flow margin
17.8%
25.0%
21.9%
Cash from investing
-1,603
-1,222
-1,175
Cash from financing
-3,002
-3,309
-1,927
Depreciation and amortisation
1,221
1,181
1,154
+3.4%
Share-based compensation
53.0
54.0
28.0
-1.9%
Buybacks
3,110
3,390
1,439
-8.3%
Dividends paid
1,167
1,028
960
+13.5%
Dividend per share
$4.96
$4.16
$3.76
+19.2%
Diluted shares, weighted
236m
248m
257m
-5.0%
Shares outstanding at period end
228m
240m
252m
-5.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,733
13,641
14,791
-6.7%
Debt
15,182
13,840
12,681
+9.7%
Operating lease liabilities
316
331
344
-4.5%
Other liabilities
10,654
10,681
10,146
-0.3%
Total liabilities and equity
38,885
38,493
37,962
+1.0%
Fixed assets
32,156
31,653
31,345
+1.6%
Investments
3,694
3,707
3,590
-0.4%
Cash and equivalents
456
839
1,115
-45.6%
Receivables
1,148
976
848
+17.6%
Other assets
1,431
1,318
1,064
+8.6%
Total assets
38,885
38,493
37,962
+1.0%
10-K for the year ended 31 December 2022, filed 3 February 2023: the filing.