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| Our vision: | Be the safest, most customer-focused
and successful transportation company in the world |
Financial highlights
($ in millions, except per share amounts)
 |
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(Decrease) |
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| Financial results |
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| Railway operating revenues |
$
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4,221
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4,223
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| Income from railway operations |
$
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1,052
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$
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1,213
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| Railway operating ratio |
75.1
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%
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71.3
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%
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| Income from continuing operations |
$
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630
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$
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699
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| Net income* |
$
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734
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$
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721
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| Earnings per share - diluted* |
$
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1.93
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$
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1.90
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| Financial position |
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| Total assets |
$
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18,180
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$
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17,350
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| Total debt |
$
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7,624
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$
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7,486
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| Stockholders' equity |
$
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5,921
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$
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5,445
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| Debt-to-total capitalization |
56.3
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%
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57.9
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%
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| Stockholders' equity per share |
$
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15.61
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$
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14.44
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| Other information |
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| Year-end stock price |
$
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31.69
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$
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30.50
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| Dividends per share |
$
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0.80
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$
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0.80
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| Price/earnings ratio at year end |
16.4
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16.1
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| Number of shareholders at year end |
51,727
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50,938
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| Shares outstanding at year end | 379,404,092 | 377,154,796 |
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| Number of employees |
24,300
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25,817
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| *1998 and 1997 results include Conrail-related items, principally interest expense on debt, credit facility costs, integration expenses, and equity in the earnings of Conrail.These items reduced net income by $156 million, or 41 cents per diluted share, in 1998, and by $107 million, or 29 cents per diluted share, in 1997. 1998 results include a gain from the sale of NS' motor carrier subsidiary that increased net income by $105 million, or 28 cents per diluted share. |
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NS' Equal Opportunity Policy Norfolk Southern's policy is to comply with all applicable laws, regulations, and executive orders concerning equal opportunity and non-discrimination and to offer employment on the basis of qualifica-tion and performance, regardless of race, color, creed, national origin, sex, age, or status as a Vietnam veteran. Additionally, the policy provides employment and equal conditions of employment to qualified indi-viduals with disabilities and disabled veterans within their capabilities to safely perform services with a reasonable accommodation that does not cause the Corporation undue hardship. |
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