• I can't guarantee every number is correct. After looking through a ton of pdf files and hand copying data, errors are bound to creep in. If you find any errors, feel free to let me know about them so I can correct it.
  
  
• Sometimes data from a prior year is restated in a following document due to accounting rule changes, data changing or clarified through the reorganization process, etc. When I enter it in the spreadsheet, I generally use the numbers published in the original data for that year. I DO NOT go back and modify prior data since it is my opinion that the pricing of a company's stock is dependent on the data that was available at the time it was published.
  
  
• I am not a financial planner nor a degreed accountant so any misstatement or calculation of statistics are as I best understand it. Often statistics can be calculated in several different ways depending on how that data is being used. I've used Investopedia extensively to double check my calculations using the data specifically available to me and focusing on the investment viewpoint.
  
  
• When a company is going through some financial hardship or reorganization, some of the numbers don't make any sense; i.e., a negative P/E ratio or ROE. Other rating services usually mark it as "Not Measureable" or set it to zero. I will usually leave it as calculated so I can judge how drastic the change is from the norm.
  
  
• Do not use this information as the sole source to make investment decisions. I highly recommend you at least skim a couple years of annual reports to become familiar with the company. I make no guarantees along with all the other disclaimers other organizations usually list.
  
  

Quote:Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a 22-state freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods. Norfolk Southern also has the most extensive intermodal network in the eastern U.S. It serves a majority of the country’s population and manufacturing base, with connections to every major container port on the Atlantic coast as well as major ports across the Gulf Coast and Great Lakes.

• I've added railroad specific statistics for any railroad analysis sheets. Unfortunately, NSC does not provide these in their annual reports. The only one in this spreadsheet is the Operating Ratio which is simply Operating Expenses divided by Revenues and is easily calculated. This is supposedly used to evaluate their efficiency but I'll argue you can get that information elsewhere in the financial statements. Other railroads may provide more relevant information that I will include.
  
• Revenue is broken down into the different categories of products transported. Usually this does not total 100% of GAAP reported revenues as there are miscellaneous other sources also. I just wanted to get a feel for which sectors of the economy make up their sales.
  
• Lastly, I've added a graph to the share price history tab. This is a rough version of the FastGraphs graph with data points based on the previous years' results. If you don't like it, you can just delete it. It just helps me look at valuation.