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As Of Filer Filing For·On·As Docs:Size 2/24/03 Norfolk Southern Corp 10-K 12/31/02 16:3.3M |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 1.03M
2: 10-K Annual Report -- nsc10k02 PDF 364K
14: EX-1 Underwriting Agreement 8± 32K
9: EX-2 Plan of Acquisition, Reorganization, Arrangement, 112± 417K
Liquidation or Succession
6: EX-3 Articles of Incorporation/Organization or By-Laws 7± 28K
7: EX-4 Instrument Defining the Rights of Security Holders 3 20K
8: EX-5 Opinion re: Legality 17± 65K
3: EX-6 Opinion re: Discount on Capital Shares 3± 14K
4: EX-7 Opinion re: Liquidation Preference 4 26K
5: EX-8 Opinion re: Tax Matters 6± 27K
10: EX-9 Voting Trust Agreement HTML 23K
11: EX-10 Material Contract HTML 17K
12: EX-11 Statement re: Computation of Earnings Per Share HTML 10K
13: EX-12 Statement re: Computation of Ratios HTML 11K
15: EX-13 Annual or Quarterly Report to Security Holders HTML 11K
16: EX-14 Material Foreign Patent 21± 85K
| NSC 2002 Form 10-K Exhibit 12 |
Exhibit 12 |
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NORFOLK SOUTHERN CORPORATION AND SUBSIDIARIES |
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Computation of Ratio of Earnings to Fixed Charges |
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(Millions of Dollars) |
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|
Year ended December 31, |
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|
2001 |
2000 |
1999 |
1998 |
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|
EARNINGS |
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|
Income from continuing operations before income taxes as reported |
$ |
706 |
$ |
553 |
$ |
250 |
$ |
351 |
$ |
845 |
|
Add: |
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|
Total interest expenses (as detailed below) |
663 |
674 |
721 |
708 |
688 |
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|
Amortization of capitalized interest |
6 |
5 |
5 |
4 |
3 |
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|
Income (loss) of partially owned entities (1) |
36 |
39 |
60 |
47 |
165 |
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|
Subsidiaries' preferred dividend requirements |
2 |
2 |
2 |
2 |
2 |
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|
Income before income taxes, as adjusted |
$ |
1,413 |
$ |
1,273 |
$ |
1,038 |
$ |
1,112 |
$ |
1,703 |
|
FIXED CHARGES |
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|
Interest expense on debt |
$ |
518 |
$ |
553 |
$ |
551 |
$ |
531 |
$ |
516 |
|
Other interest expense |
32 |
2 |
42 |
35 |
27 |
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|
Calculated interest portion of rent expense |
40 |
41 |
40 |
35 |
31 |
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|
NS' share of Conrail interest |
73 |
78 |
88 |
107 |
114 |
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|
Total interest expenses |
663 |
674 |
721 |
708 |
688 |
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|
Capitalized interest |
11 |
17 |
18 |
15 |
21 |
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|
Subsidiaries' preferred dividend requirement on a pretax basis |
4 |
4 |
4 |
4 |
4 |
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|
Total fixed charges |
$ |
678 |
$ |
695 |
$ |
743 |
$ |
727 |
$ |
713 |
|
RATIO OF EARNINGS TO FIXED CHARGES |
2.08 |
1.83 |
1.40 |
1.53 |
2.39 |
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</TABLE>
Includes: (a) the distributed income of 20%-49% owned entities, net of equity recorded in undistributed income and the minority income of consolidated entities which have fixed charges; and (b) NS' share of Conrail's income before income taxes, net of equity in earnings of Conrail included in NS' income from continuing operations before taxes as reported.
The computations do not include $0.3 million of interest expense related to $7.8 million of debt guaranteed for a less than 50% owned entity.
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed as of: | 2/24/03 | |||
| Filed on: | 2/21/03 | |||
| For Period End: | 12/31/02 | 4 | ||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/05/24 Norfolk Southern Corp. 10-K 12/31/23 117:12M 2/03/23 Norfolk Southern Corp. 10-K 12/31/22 117:15M 2/04/22 Norfolk Southern Corp. 10-K 12/31/21 120:12M 2/04/21 Norfolk Southern Corp. 10-K 12/31/20 120:14M |