Norfolk Southern Corporation (NSC) Cash Flow

	FY25	FY24	FY23	FY22	FY21	FY20	YoY
Operating Activities
Profit Before Tax	$3.7B	$3.3B	$2.3B	$4.1B	$3.9B	$2.5B	+10.1%
Depreciation & Amortisation	$1.4B	$1.4B	$1.3B	$1.2B	$1.2B	$1.2B	+3.0%
Net Cash from Operating	$4.4B	$4.1B	$3.2B	$4.2B	$4.3B	$3.6B	+7.6%
Investing Activities
Capital Expenditure	$2.2B	$2.4B	$2.3B	$1.9B	$1.5B	$1.5B	-7.4%
Net Cash from Investing	-$2.6B	-$2.8B	-$2.2B	-$1.6B	-$1.2B	-$1.2B	+7.8%
Financing Activities
Share Buybacks	$534.0M	$0	$622.0M	$3.1B	$3.4B	$1.4B	—
Dividends Paid	$1.2B	$1.2B	$1.2B	$1.2B	$1.0B	$960.0M	-0.5%
Net Cash from Financing	-$1.9B	-$1.2B	$115.0M	-$3.0B	-$3.3B	-$1.9B	-59.3%
Cash Movement
Net Change in Cash	-$111.0M	$73.0M	$1.1B	-$383.0M	-$276.0M	$535.0M	-252.1%

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Norfolk Southern Corporation — Cash Flow