Norfolk Southern Corp: (NYSE: NSC)

Zacks Rank: 3-Hold

Balance Sheet

Annual Balance Sheet

Fiscal Year End for NORFOLK SOUTHRN falls in the month of December.

All items in Millions except Per Share data.

	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Assets
Cash & Equivalents	668	301	1,110	1,086	618
Receivables	1,109	1,022	807	766	870
Notes Receivable	0	0	0	0	0
Inventories	216	209	169	164	194
Other Current Assets	416	362	530	372	466
Total Current Assets	2,242	1,751	2,471	2,246	1,999
Net Property & Equipment	25,736	24,469	23,231	22,643	22,247
Investments & Advances	2,300	2,234	2,193	2,164	1,779
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	0	0	0	0	0
Deposits & Other Assets	64	84	304	316	272
Total Assets	30,342	28,538	28,199	27,369	26,297

Liabilities & Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Notes Payable	0	0	0	0	0
Accounts Payable	1,362	1,092	1,181	974	1,140
Current Portion Long-Term Debt	250	150	458	474	484
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	0	0	0	0	0
Income Taxes Payable	206	207	199	109	261
Other Current Liabilities	263	252	244	232	220
Total Current Liabilities	2,081	1,701	2,082	1,789	2,105
Mortgages	0	0	0	0	0
Deferred Taxes/Income	7,832	7,486	7,088	6,747	6,372
Convertible Debt	0	0	0	0	0
Long-Term Debt	8,432	7,390	6,567	6,679	6,183
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	2,237	2,050	1,793	1,801	2,030
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	20,582	18,627	17,530	17,016	16,690

Shareholders Equity	12/31/12	12/31/11	12/31/10	12/31/09	12/31/08
Preferred Stock	0	0	0	0	0
Common Stock (Par)	315	332	358	370	368
Capital Surplus	1,911	1,912	1,892	1,809	1,680
Retained Earnings	8,643	8,693	9,224	9,027	8,501
Other Equity	-1,109	-1,026	-805	-853	-942
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	9,760	9,911	10,669	10,353	9,607
Total Liabilities & Shareholder's Equity	30,342	28,538	28,199	27,369	26,297
Total Common Equity	9,760	9,911	10,669	10,353	9,607
Shares Outstanding	316.00	336.10	363.30	367.80	370.20
Book Value Per Share	30.89	29.49	29.37	28.15	25.95

Fiscal Year End for NORFOLK SOUTHRN falls in the month of December.

All items in Millions except Per Share data.

	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Assets
Cash & Equivalents	687	668	708	371	831
Receivables	1,158	1,109	1,078	1,086	1,056
Notes Receivable	0	0	0	0	0
Inventories	246	216	236	242	228
Other Current Assets	399	416	321	318	363
Total Current Assets	2,323	2,242	2,199	1,884	2,332
Net Property & Equipment	25,870	25,736	25,260	24,968	24,703
Investments & Advances	2,341	2,300	2,315	2,278	2,263
Other Non-Current Assets	0	0	0	0	0
Deferred Charges	0	0	0	0	0
Intangibles	0	0	0	0	0
Deposits & Other Assets	65	64	66	61	77
Total Assets	30,599	30,342	29,840	29,191	29,375

Liabilities & Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Notes Payable	0	0	0	0	0
Accounts Payable	1,188	1,362	1,260	1,126	1,243
Current Portion Long-Term Debt	47	250	52	27	32
Current Portion Capital Leases	0	0	0	0	0
Accrued Expenses	0	0	0	0	0
Income Taxes Payable	319	206	150	322	320
Other Current Liabilities	350	263	362	299	337
Total Current Liabilities	1,904	2,081	1,824	1,774	1,932
Mortgages	0	0	0	0	0
Deferred Taxes/Income	7,921	7,832	7,803	7,639	7,590
Convertible Debt	0	0	0	0	0
Long-Term Debt	8,438	8,432	8,428	7,972	7,985
Non-Current Capital Leases	0	0	0	0	0
Other Non-Current Liabilities	2,226	2,237	2,018	2,028	2,053
Minority Interest (Liabilities)	0	0	0	0	0
Total Liabilities	20,489	20,582	20,073	19,413	19,560

Shareholders Equity	03/31/13	12/31/12	09/30/12	06/30/12	03/31/12
Preferred Stock	0	0	0	0	0
Common Stock (Par)	316	315	317	321	327
Capital Surplus	1,976	1,911	1,909	1,904	1,917
Retained Earnings	8,904	8,643	8,512	8,544	8,581
Other Equity	-1,086	-1,109	-971	-991	-1,010
Treasury Stock	0	0	0	0	0
Total Shareholder's Equity	10,110	9,760	9,767	9,778	9,815
Total Liabilities & Shareholder's Equity	30,599	30,342	29,840	29,191	29,375
Total Common Equity	10,110	9,760	9,767	9,778	9,815
Shares Outstanding	334.80	316.00	339.80	325.70	347.10
Book Value Per Share	30.20	30.89	28.74	30.02	28.28