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Actionable news in NSC: NORFOLK SOUTHERN Corp,

Norfolk Souther: 3Q 2015 Financial Statements Exhibit

The following excerpt is from the company's SEC filing.

Norfolk Southern Corporation and Subsidiaries

Consolidated Statements of Income

(Unaudited)

Third Quarter

First Nine Months

($ in millions, except per share amounts)

Railway operating revenues

General merchandise

Intermodal

Total railway operating revenues

Railway operating expenses

Compensation and benefits

Purchased services and rents

Depreciation

Materials and other

Total railway operating expenses (note 1)

Income from railway operations

Other income – net

Interest expense on debt
< br>Income before income taxes

Provision for income taxes

Current

Deferred

Total income taxes

Net income

Earnings per share

Diluted

Weighted average shares outstanding

(note 2)

See accompanying notes to consolidated financial statements.

Consolidated Statements of Comprehensive Income

($ in millions)

Other comprehensive income, before tax:

Pension and other postretirement benefits

Other comprehensive income (loss) of

equity investees

Income tax expense related to items of other

Other comprehensive income, net of tax

Total comprehensive income

Consolidated Balance Sheets

September 30,

December 31,

Assets

Current assets:

Cash and cash equivalents

Accounts receivable – net

Materials and supplies

Deferred income taxes

Other current assets

Total current assets

Investments

Properties less accumulated depreciation of $11,344 and

$10,814, respectively

28,682

27,694

Other assets (note 3)

Total assets

33,527

33,200

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable

Short-term debt

Income and other taxes

Other current liabilities

Current maturities of long-term debt

Total current liabilities

Long-term debt (note 3)

Other liabilities

Total liabilities

21,398

20,792

Stockholders’ equity:

Common stock $1.00 per share par value, 1,350,000,000 shares

authorized;...


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