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Consolidated Statements of Equity (unaudited) - CAD ($)
$ in Millions
Total
Common shares
Preferred Shares
Common Shares
Preferred Shares
Warrants
Paid in Surplus
Retained Earnings
Retained Earnings
Common shares
Retained Earnings
Preferred Shares
AOCI
[1]
Non-Controlling Interest
Beginning balance at Dec. 31, 2022 $ 27,576     $ 16,320 $ 519 $ 184 $ 2,691 $ 6,392     $ 1,470 $ 13
Net Earnings (Loss) 3,366             3,366        
Total Other Comprehensive Income (Loss), Net of Tax (16)                   (16)  
Comprehensive Income (Loss) 3,350             3,366     (16)  
Common Shares Issued Under Stock Option Plans 43     54     (11)          
Repurchase Of Equity [2] (711)     (251)     (460)          
Warrants Exercised 16     23   (7)            
Warrants Purchased and Cancelled (713)         (151)   (562)        
Stock-Based Compensation Expense 9           9          
Dividends   $ (729) $ (27)           $ (729) $ (27)    
Variable dividends paid on common shares   0                    
Ending balance at Sep. 30, 2023 28,814     16,146 519 26 2,229 8,440     1,454 13
Beginning balance at Dec. 31, 2022 27,576     16,320 519 184 2,691 6,392     1,470 13
Ending balance at Dec. 31, 2023 28,698     16,031 519 25 2,002 8,913     1,208 14
Beginning balance at Sep. 30, 2023 28,814     16,146 519 26 2,229 8,440     1,454 13
Ending balance at Sep. 30, 2024 29,591     15,697 519 12 1,096 10,706     1,561 14
Beginning balance at Dec. 31, 2023 28,698     16,031 519 25 2,002 8,913     1,208 14
Net Earnings (Loss) 2,996             2,996        
Total Other Comprehensive Income (Loss), Net of Tax 353                   353  
Comprehensive Income (Loss) 3,349             2,996     353  
Common Shares Issued Under Stock Option Plans 51     67     (16)          
Repurchase Of Equity [2] (1,337)     (439)     (898)          
Warrants Exercised 25     38   (13)            
Stock-Based Compensation Expense 8           8          
Dividends   (925) $ (27)           (925) $ (27)    
Variable dividends paid on common shares   $ (251)             $ (251)      
Ending balance at Sep. 30, 2024 $ 29,591     $ 15,697 $ 519 $ 12 $ 1,096 $ 10,706     $ 1,561 $ 14
[1] Accumulated other comprehensive income (loss) (“AOCI”).
[2] Normal course issuer bid (“NCIB”). Includes taxes on purchase of equity.