FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

NSC
2026-06-30 · figures in $M

FCF UP

Free cash flow moved from -$38.0M to $615.0M, and covered net income 0.84×.

CASH FROM OPS +206.4%
1,054 30.4% MGN
CAPITAL EXPENDITURE +14.9%
439
FREE CASH FLOW —
615
FCF / NET INCOME —
0.84× TARGET >1.0×
Cash flow 24-09 24-12 25-03 25-06 25-09 25-12 26-03 QoQ YoY TTM 8Q
Net income
10-Q
1,099 733 750 768 711 644 547 734 +34.2% -4.4% 2,636 2024-09-30 · $1.1B2024-12-31 · $733.0M2025-03-31 · $750.0M2025-06-30 · $768.0M2025-09-30 · $711.0M2025-12-31 · $644.0M2026-03-31 · $547.0M2026-06-30 · $734.0M
Depreciation & amortization
339 342 346 346 348 353 352 358 +1.7% +3.5% 1,411
Cash from operations
1,226 951 950 1,077 1,271 1,063 344 1,054 3.1× -2.1% 3,732 2024-09-30 · $1.2B2024-12-31 · $951.0M2025-03-31 · $950.0M2025-06-30 · $1.1B2025-09-30 · $1.3B2025-12-31 · $1.1B2026-03-31 · $344.0M2026-06-30 · $1.1B
Cash conversion
1.12× 1.30× 1.27× 1.40× 1.79× 1.65× 0.63× 1.44× +128.3% +2.4% 1.42×
Capital expenditures
(581) (675) (449) (475) (551) (729) (382) (439) +14.9% -7.6% (2,101)
Free cash flow
645 276 501 602 720 334 -38 615 — +2.2% 1,631 2024-09-30 · $645.0M2024-12-31 · $276.0M2025-03-31 · $501.0M2025-06-30 · $602.0M2025-09-30 · $720.0M2025-12-31 · $334.0M2026-03-31 · -$38.0M2026-06-30 · $615.0M
FCF margin
21.1% 9.1% 16.7% 19.4% 23.2% 11.2% -1.3% 17.7% — -8.3% 13.0%
Cash from investing
-224 11 -1,021 -414 -483 -644 -213 -416 — — -1,756
Dividends paid
305 306 306 303 303 303 303 303 +0.0% +0.0% 1,212
Share repurchases
0 0 248 208 78 0 5 0 PAUSED PAUSED 83
Debt repayment
852 1 1 252 301 5 1 606 606.0× +140.5% 913
Cash from financing
-686 -296 -564 -366 -673 -307 -320 -910 — — -2,210
Net change in cash
316 666 -635 297 115 112 -189 -272 — — -234
Ending cash balance
975 1,641 1,006 1,303 1,418 1,530 1,341 1,069 -20.3% -18.0% 1,069

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SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM-38 CASH FROM OPERATIONS+710 CAPITAL EXPENDITURES-57 TO615
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗