01—Abstract
Summary
Summary of the 10-K/A filed January 17, 2006. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to Norfolk Southern Corporation's (NSC) Annual Report for the fiscal year ended December 31, 2004.
The primary purpose of this amendment is to present the separate financial statements of Conrail Inc., as required by Rule 3-09 of Regulation S-X. This amendment does not alter or update any other disclosures made in the original Form 10-K filed on March 2, 2005. Investors reviewing this filing should note that the core financial and operational information for Norfolk Southern Corporation for the year ended December 31, 2004, is contained within the original 10-K.
This amendment is procedural and focuses specifically on providing detailed financial data for Conrail Inc., a significant consolidated entity. For a comprehensive understanding of NSC's performance, risks, and strategies in 2004, investors should refer to the initial 10-K filing.
02—Key points
Key Highlights
- Amendment filed to include separate financial statements for Conrail Inc. as required by SEC regulations.
- The filing pertains to the fiscal year ended December 31, 2004.
- This amendment does not update or modify any other disclosures from the original Form 10-K.
- Norfolk Southern Corporation is a well-known seasoned issuer and a large accelerated filer.
- Common Stock is registered and traded on the New York Stock Exchange.
- The aggregate market value of nonaffiliate shares as of June 30, 2004, was over $10.4 billion.
- Key executives, including the CEO, CFO, and Controller, have certified the accuracy of the financial statements in accordance with SEC rules.
03—Questions
Frequently Asked Questions
What is the main purpose of this 10-K/A filing?
The main purpose of this Amendment No. 1 to the Form 10-K is to present the separate financial statements of Conrail Inc., a consolidated entity, in accordance with Rule 3-09 of Regulation S-X. It does not change any other disclosures from the original 2004 10-K filing.
Does this amendment provide updated financial performance for Norfolk Southern for 2004?
No, this amendment specifically addresses the separate financial statements of Conrail Inc. The overall financial performance and disclosures for Norfolk Southern Corporation for the fiscal year ended December 31, 2004, are contained within the original Form 10-K filed on March 2, 2005.
What does 'well-known seasoned issuer' and 'large accelerated filer' status imply?
Being a 'well-known seasoned issuer' and a 'large accelerated filer' indicates that Norfolk Southern Corporation is a large, established public company that has met specific SEC requirements regarding filing history and market capitalization. This generally means investors can expect more frequent and timely disclosures of financial information.
What is Conrail Inc. and why are its separate financial statements required?
Conrail Inc. is a consolidated entity of Norfolk Southern Corporation. Separate financial statements are required under SEC Regulation S-X (Rule 3-09) when a consolidated subsidiary meets certain size thresholds, necessitating its own financial data to be presented alongside the parent company's filings.
04—Continue