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Norfolk Southern's other current assets for the quarter that ended in Mar. 2024 was $236 Mil.
Norfolk Southern's quarterly other current assets increased from Sep. 2023 ($123 Mil) to Dec. 2023 ($292 Mil) but then declined from Dec. 2023 ($292 Mil) to Mar. 2024 ($236Mil).
Norfolk Southern's annual other current assets increased from Dec. 2021 ($134 Mil) to Dec. 2022 ($150 Mil) increased from Dec. 2022 ($150 Mil) to Dec. 2023 ($292 Mil).
The historical data trend for Norfolk Southern's Other Current Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Norfolk Southern Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 337.00 | 134.00 | 134.00 | 150.00 | 292.00 |
Norfolk Southern Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | 138.00 | 114.00 | 123.00 | 292.00 | 236.00 |
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of Norfolk Southern's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillip S Davidson | director | 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024 |
Francesca A. Debiase | director | MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET, CHICAGO IL 60607 |
Alan H. Shaw | officer: EVP & Chief Marketing Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Paul B Duncan | officer: EVP & Chief Operating Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
James A Squires | officer: Sr. V.P. - Law | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Steven F Leer | director | USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606 |
Nabanita C Nag | officer: SVP and Chief Legal Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Claiborne L Moore | officer: Vice President and Controller | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Lorri J Kleine | officer: SVP & Chief Legal Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Claude E Elkins | officer: EVP & Chief Marketing Officer | 650 W. PEACHTREE ST, NW, ATLANTA GA 30308 |
Allison Clyde H Jr | officer: Vice President and Controller | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Ann A Adams | officer: EVP-Chief Transform. Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Cynthia M Sanborn | officer: EVP & Chief Operating Officer | 650 W PEACHTREE ST NW, ATLANTA GA 30308 |
Michael Joseph Wheeler | officer: Sr. Vice President Operations | THREE COMMERCIAL PLACE, 13TH FLOOR, NORFOLK VA 23510 |
Christopher T Jones | director | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
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