Norfolk Southern(NSC) - 2025 Q2 - Quarterly Results

Exhibit 99.2 Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) | | First Six Months | | | --- | --- | --- | | | 2025 ($ in millions) | 2024 | | Cash flows from operating activities | | | | Net income | $ 1,518 | $ 790 | | Reconciliation of net income to net cash provided by operating activities: | | | | Depreciation | 692 | 672 | | Deferred income taxes | 109 | 5 | | Gains and losses on properties | (57) | (25) | | Changes in assets and liabilities affecting operati ...