NS Annual Report 2002
2002
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Income Statement

Years ended December 31.
$ in millions, except earnings per share.

   
2002
 
2001
 
2000
Railway operating revenues $
6,270
$
6,170
$
6,159

Railway operating expenses  
 
 
Compensation and benefits  
2,022
 
2,014
 
2,234
Materials, services and rents  
1,457
 
1,444
 
1,445
Conrail rents and services  
412
 
421
 
478
Depreciation  
515
 
514
 
503
Diesel fuel  
342
 
412
 
478
Casualties and other claims  
171
 
143
 
142
Other  
193
 
215
 
246

Total railway operating expenses  
5,112
 
5,163
 
5,526

Income from railway operations  
1,158
 
1,007
 
633
 
Other income - net  
66
 
99
 
168
Interest expense on debt  
(518)
 
(553)
 
(551)
     Income from continuing operations
     before income taxes
 
706
 
553
 
250

Provision from income taxes  
246
 
191
 
78
     Income from continuing operations  
460
 
362
 
172

Discontinued operations - Gain on sale
of motor carrier, net of taxes
 
--
 
13
 
--

     Net income  
460
 
375
 
172

Earnings per share  
 
 
     Income from continuing operations
     basic and diluted
 
1.18
 
0.94
 
0.45
Net income - basic and diluted  
1.18
 
0.97
 
0.45

Notes

See Form 10-K report for all full financial statements and footnotes.