NORFOLK SOUTHERN CORP (NSC) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	8-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Railway operating revenues	7,331	11,142	9,789	11,296	11,458	10,551	13,394	10,511
Railway operating revenues growth	-34.2%	13.8%	-13.3%	-1.4%	8.6%	-21.2%	27.4%	-9.6%
Railway operating expenses
Compensation and benefits		2,442	2,373	2,751	2,925	2,979	2,808	2,911
Purchased services and rents	1,922	1,726	1,687	1,725	1,730	1,414	1,548	1,752
Fuel	1,459	799	535	953	1,087	840	698	934
Depreciation	1,221	1,181	1,154	1,138	1,102	1,055	1,026
Materials and other		547	653	740	655	741	799
Total railway operating expenses	5,301	6,695	6,787	7,307	7,499	7,029
Income from railway operations	4,117	4,447	3,002	3,989	3,959	3,522	3,009	2,884
Operating margin	56.2%	39.9%	30.7%	35.3%	34.6%	33.4%	22.5%	27.4%
Other income (expense) – net	13	77	153	106	67	156	136	103
Interest expense on debt		-646.0	-625.0	-604.0	-557.0	-550.0	-563.0	-545.0
Income before income taxes		3,878	2,530	3,491	3,469	3,128	2,582	2,442
Income taxes	860	873	517	769	803	-2,276	914	886
Net income	3,270	3,005	2,013	2,722	2,666	5,404

Earnings per share
Basic (in dollars per share)		$12.16	$7.88	$10.32	$9.58	$18.76	$5.66	$5.13
Diluted (in dollars per share)	$13.88	$12.11	$7.84	$10.25	$9.51	$18.61	$5.62	$5.10