2024 Q1 Form 10-K Financial Statement

#000070216524000005 Filed on February 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $3.004B $3.073B $12.16B
YoY Change -4.09% -5.07% -4.62%
Cost Of Revenue $1.655B $1.785B $6.891B
YoY Change 2.41% 7.59% 8.38%
Gross Profit $1.349B $1.288B $5.265B
YoY Change -11.02% -18.38% -17.57%
Gross Profit Margin 44.91% 41.91% 43.31%
Selling, General & Admin $108.0M $100.0M $387.0M
YoY Change 11.34% 13.64% 8.4%
% of Gross Profit 8.01% 7.76% 7.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $337.0M $330.0M $1.298B
YoY Change 4.98% 6.8% 6.31%
% of Gross Profit 24.98% 25.62% 24.65%
Operating Expenses $445.0M $330.0M $1.298B
YoY Change 6.46% -16.88% -17.74%
Operating Profit $213.0M $958.0M $2.851B
YoY Change -70.04% -18.88% -40.72%
Interest Expense $201.0M -$195.0M $722.0M
YoY Change 14.86% 10.17% 4.34%
% of Operating Profit 94.37% -20.35% 25.32%
Other Income/Expense, Net $18.00M $38.00M $191.0M
YoY Change -67.86% 11.76% 1369.23%
Pretax Income $30.00M $651.0M $2.320B
YoY Change -94.93% -37.28% -43.83%
Income Tax -$23.00M $124.0M $493.0M
% Of Pretax Income -76.67% 19.05% 21.25%
Net Earnings $53.00M $527.0M $1.827B
YoY Change -88.63% -33.21% -44.13%
Net Earnings / Revenue 1.76% 17.15% 15.03%
Basic Earnings Per Share $0.23 $8.04
Diluted Earnings Per Share $0.23 $2.33 $8.02
COMMON SHARES
Basic Shares Outstanding 225.9M shares 226.9M shares
Diluted Shares Outstanding 226.2M shares 227.4M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $652.0M $1.568B $1.568B
YoY Change 18.12% 243.86% 243.86%
Cash & Equivalents $652.0M $1.568B $1.568B
Short-Term Investments
Other Short-Term Assets $236.0M $292.0M $292.0M
YoY Change 71.01% 94.67% 94.67%
Inventory $270.0M $264.0M $264.0M
Prepaid Expenses
Receivables $1.198B $1.147B $1.147B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.356B $3.271B $3.271B
YoY Change 11.03% 62.98% 62.98%
LONG-TERM ASSETS
Property, Plant & Equipment $35.05B $33.33B $33.33B
YoY Change 8.72% 3.64% 2.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.570B $3.048B $3.839B
YoY Change -4.49% 4.28% 3.93%
Other Assets $1.151B $1.216B $1.216B
YoY Change 7.67% 18.29% 95.81%
Total Long-Term Assets $39.77B $38.38B $38.38B
YoY Change 7.36% 4.08% 4.08%
TOTAL ASSETS
Total Short-Term Assets $2.356B $3.271B $3.271B
Total Long-Term Assets $39.77B $38.38B $38.38B
Total Assets $42.13B $41.65B $41.65B
YoY Change 7.55% 7.12% 7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.506B $1.638B $1.638B
YoY Change 14.52% 26.68% 130.06%
Accrued Expenses $319.0M
YoY Change 27.09%
Deferred Revenue
YoY Change
Short-Term Debt $400.0M $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $404.0M $4.000M $4.000M
YoY Change 0.25% -99.43% -99.43%
Total Short-Term Liabilities $3.447B $2.632B $2.632B
YoY Change 22.06% -0.64% -0.64%
LONG-TERM LIABILITIES
Long-Term Debt $17.18B $17.18B $17.18B
YoY Change 17.79% 18.62% 18.62%
Other Long-Term Liabilities $1.767B $1.839B $1.839B
YoY Change -1.01% 4.55% 4.55%
Total Long-Term Liabilities $1.767B $1.839B $19.01B
YoY Change -1.01% 4.55% 17.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.447B $2.632B $2.632B
Total Long-Term Liabilities $1.767B $1.839B $19.01B
Total Liabilities $29.59B $28.87B $28.87B
YoY Change 11.91% 10.4% 10.4%
SHAREHOLDERS EQUITY
Retained Earnings $10.44B $10.70B
YoY Change -2.38% -0.02%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.54B $12.78B $12.78B
YoY Change
Total Liabilities & Shareholders Equity $42.13B $41.65B $41.65B
YoY Change 7.55% 7.12% 7.12%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $53.00M $527.0M $1.827B
YoY Change -88.63% -33.21% -44.13%
Depreciation, Depletion And Amortization $337.0M $330.0M $1.298B
YoY Change 4.98% 6.8% 6.31%
Cash From Operating Activities $839.0M $673.0M $3.179B
YoY Change -28.47% -15.66% -24.7%
INVESTING ACTIVITIES
Capital Expenditures $557.0M $853.0M $2.349B
YoY Change 30.14% 28.08% 20.59%
Acquisitions
YoY Change
Other Investing Activities -$324.0M $65.00M -$205.0M
YoY Change 1805.88% -47.15% 118.09%
Cash From Investing Activities -$1.844B -$788.0M -$2.182B
YoY Change 371.61% 45.12% 36.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $622.0M
YoY Change -80.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $89.00M 177.0M $115.0M
YoY Change -112.97% -117.47% -103.83%
NET CHANGE
Cash From Operating Activities $839.0M 673.0M $3.179B
Cash From Investing Activities -$1.844B -788.0M -$2.182B
Cash From Financing Activities $89.00M 177.0M $115.0M
Net Change In Cash -$916.0M 62.00M $1.112B
YoY Change -1054.17% -108.18% -390.34%
FREE CASH FLOW
Cash From Operating Activities $839.0M $673.0M $3.179B
Capital Expenditures $557.0M $853.0M $2.349B
Free Cash Flow $282.0M -$180.0M $830.0M
YoY Change -62.15% -236.36% -63.5%

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CY2023 us-gaap Net Income Loss
NetIncomeLoss
1827000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3270000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3005000000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
1827000000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3270000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
3005000000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3000000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2000000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2000000 usd
CY2023 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
3000000 usd
CY2022 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1000000 usd
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1824000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3268000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3003000000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1824000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3269000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3005000000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226900000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246900000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226900000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
246900000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
500000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1200000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
227400000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235600000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
248100000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.04
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.92
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.16
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.02
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
13.88
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.11
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023 nsc Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
Consolidated Balance Sheets
CY2023Q4 nsc Number Of Locations With One Or More Subsidiaries In Conjunction With Other Parties Identified As Potentially Responsible Parties
NumberOfLocationsWithOneOrMoreSubsidiariesInConjunctionWithOtherPartiesIdentifiedAsPotentiallyResponsibleParties
8 location
CY2023 nsc Employees Covered By Collective Bargaining Agreements
EmployeesCoveredByCollectiveBargainingAgreements
0.80
CY2023Q4 nsc Self Insured For Bodily Injury And Property Damage To Third Parties Above
SelfInsuredForBodilyInjuryAndPropertyDamageToThirdPartiesAbove
75000000 usd
CY2023Q4 nsc Self Insured For Bodily Injury And Property Damage To Third Parties Up To
SelfInsuredForBodilyInjuryAndPropertyDamageToThirdPartiesUpTo
734000000 usd
CY2023Q4 nsc Percentage Of Potential Losses Covered By Insurance On Damage To Property Owned Or In Control
PercentageOfPotentialLossesCoveredByInsuranceOnDamageToPropertyOwnedOrInControl
0.82
CY2023Q4 nsc Self Insured Coverage For Potential Losses On Damage To Property Owned Minimum
SelfInsuredCoverageForPotentialLossesOnDamageToPropertyOwnedMinimum
75000000 usd
CY2023Q4 nsc Self Insured Coverage For Potential Losses On Damage To Property Owned Maximum
SelfInsuredCoverageForPotentialLossesOnDamageToPropertyOwnedMaximum
275000000 usd
CY2023 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
1400000000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
185

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Name View Source Status
nsc-20231231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
nsc-20231231_def.xml Edgar Link unprocessable
nsc-20231231_lab.xml Edgar Link unprocessable
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