 | Norfolk Southern Corporation Annual Report for 2001 |
Annual Report Home Page
Chairman's Letter to Stockholders
System Map,
Corporate Vision Statement,
EEO Statement,
Description of Business
Corporate Vision Statement,
EEO Statement,
Description of Business
Financial Highlights
Norfolk Southern's Performance
Demonstrates Strengths
Demonstrates Strengths
Norfolk Southern Service and
Operations in 'TOP' Form
Operations in 'TOP' Form
New Technology Enhances
Service and Operations
Service and Operations
Norfolk Southern Caps East's Most
Comprehensive Intermodal Network
Comprehensive Intermodal Network
Commodities Review: Revenues Up
Despite Down Economy
Despite Down Economy
Board of Directors and Officers
Stockholder Information,
Annual Meeting Date
and More
Annual Meeting Date
and More
Financial Overview
Detailed Financial Data,
Management's Discussion & Analysis
(in Adobe Acrobat format)
Management's Discussion & Analysis
(in Adobe Acrobat format)
Report of Management
Independent Auditor's Report
Norfolk Southern Home Page
Financial Highlights | ||||||||
| ($ in millions, except per share amounts) |
2001
|
2000*
|
% Increase (Decrease) | |||||
Financial Results |
| |||||||
| Railway operating revenues | $ |
6,170
|
$
|
6,159
|
—
| |||
| Income from railway operations | $ |
1,007
|
$
|
633
|
59
| |||
| Railway operating ratio |
83.7
|
% |
|
89.7
|
% |
(7)
| ||
| Income from continuing operations | $ |
362
|
$
|
172
|
110
| |||
| Earnings per share from continuing operations — diluted | $ |
0.94
|
$
|
0.45
|
109
| |||
|
| ||||||||
Financial Position |
| |||||||
| Total assets | $ |
19,418
|
$
|
18,976
|
2
| |||
| Total debt** | $ |
7,632
|
$
|
7,636
|
—
| |||
| Stockholders' equity | $ |
6,090
|
$
|
5,824
|
5
| |||
| Debt-to-total capitalization** |
55.6
|
% |
|
56.7
|
% |
(2)
| ||
| Stockholders' equity per share | $ |
15.78
|
$
|
15.16
|
4
| |||
|
| ||||||||
Other Information |
| |||||||
| Year-end stock price | $ |
18.33
|
$
|
13.31
|
38
| |||
| Dividends per share | $ |
0.24
|
$
|
0.80
|
(70)
| |||
| Price/earnings ratio at year end |
18.9
|
|
29.6
|
(36)
| ||||
| Number of shareholders at year end |
53,042
|
|
53,194
|
—
| ||||
| Shares outstanding at year end |
385,831,746
|
|
384,057,473
|
—
| ||||
| Number of employees at year end |
29,828
|
|
32,341
|
(8)
| ||||
* 2000 results included costs for work-force reduction programs that reduced income from railway operations by $165 million, net income by $101 million and diluted earnings per share by 26 cents. Excluding these costs, the railway operating ratio was 87.0%. See note 11 on page 42.
**excludes notes payable to Conrail