NORFOLK SOUTHERN CORP
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
NSC$327.93+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income First Quarter of 202 and
Consolidated Statements of Income
| First Quarter | ||
|---|---|---|
| 2024 | 2023 | |
| ($ in millions, except per share amounts) | ||
| Railway operating revenues | $3,004 | $3,132 |
| Railway operating expenses | ||
| Compensation and benefits | 736 | 690 |
| Purchased services and rents | 528 | 496 |
| Fuel | 284 | 315 |
| Depreciation | 337 | 321 |
| Materials and other | 215 | 212 |
| Restructuring and other charges | 99 | — |
| Eastern Ohio incident | 592 | 387 |
| Total railway operating expenses | 2,791 | 2,421 |
| Income from railway operations | 213 | 711 |
| Other income – net | 18 | 56 |
| Interest expense on debt | 201 | 175 |
| Income before income taxes | 30 | 592 |
| Income taxes | (23) | 126 |
| Net income | $53 | $466 |
| Earnings per share | ||
| Basic | $0.23 | $2.04 |
| Diluted | 0.23 | 2.04 |
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