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INTERIM CONSOLIDATED STATEMENTS OF INCOME (unaudited) - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Freight $ 1,709 $ 1,598 $ 3,334 $ 3,161
Non-freight 41 45 78 85
Total revenues 1,750 1,643 3,412 3,246
Operating expenses        
Compensation and benefits 351 345 725 645
Fuel 230 160 445 330
Materials 53 48 108 97
Equipment rents 33 37 66 73
Depreciation and amortization 172 165 342 331
Purchased services and other 284 277 559 555
Total operating expenses 1,123 1,032 2,245 2,031
Operating income 627 611 1,167 1,215
Less:        
Other income and charges 52 (61) 103 (89)
Other components of net periodic benefit recovery (95) (68) (191) (135)
Net interest expense 112 122 227 242
Income before income tax expense 558 618 1,028 1,197
Income tax expense 122 138 244 286
Net income $ 436 $ 480 $ 784 $ 911
Earnings per share        
Basic earnings per share $ 3.05 $ 3.28 $ 5.46 $ 6.22
Diluted earnings per share $ 3.04 $ 3.27 $ 5.44 $ 6.20
Weighted-average number of shares (millions)        
Basic 142.8 146.5 143.6 146.5
Diluted 143.2 146.9 144.0 147.0
Dividends declared per share $ 0.6500 $ 0.5625 $ 1.2125 $ 1.0625