Summary
Norfolk Southern Corporation (NSC) reported solid financial performance in its 2013 10-K filing. The company generated substantial railway operating revenues, driven by diverse commodity groups including coal, general merchandise, and intermodal services. Despite facing challenges such as varying commodity demand and competition, NSC demonstrated operational efficiency, reflected in its operating ratio. Key financial highlights include continued investment in property additions to enhance network capacity and service. The company also actively engaged in returning value to shareholders through share repurchases and dividends. NSC maintained a strong liquidity position and a manageable debt-to-capitalization ratio, positioning it for continued operations and future growth. Investors should note the company's focus on safety, cost control, and market-based pricing strategies.
Financial Highlights
47 data points| Revenue | $11.24B |
| Operating Expenses | $7.99B |
| Operating Income | $3.26B |
| Interest Expense | $525.00M |
| Net Income | $1.91B |
| EPS (Basic) | $6.10 |
| EPS (Diluted) | $6.04 |
Key Highlights
- 1In 2013, Norfolk Southern reported $11.2 billion in railway operating revenues.
- 2The company operates approximately 20,000 miles of railroad across 22 states and the District of Columbia.
- 3Coal remains the largest commodity group by revenue, accounting for 23% of total railway operating revenues in 2013.
- 4General merchandise and intermodal services followed, comprising 56% and 21% of revenues respectively.
- 5NSC invested $1.97 billion in property additions in 2013 to maintain and improve its infrastructure.
- 6The company repurchased 8.3 million shares of common stock in 2013 for $627 million.
- 7Net income increased by 9% to $1.91 billion in 2013 compared to 2012.