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INTERIM CONSOLIDATED STATEMENTS OF INCOME (unaudited) - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Total revenues $ 1,979 $ 1,898 $ 5,723 $ 5,310
Operating expenses        
Compensation and benefits 355 365 1,144 1,090
Fuel 210 226 655 671
Materials 50 47 161 155
Equipment rents 33 33 102 99
Depreciation and amortization 185 174 528 516
Purchased services and other 277 263 899 822
Total operating expenses 1,110 1,108 3,489 3,353
Operating income 869 790 2,234 1,957
Less:        
Other expense (income) 29 (47) (58) 56
Other components of net periodic benefit recovery (99) (96) (294) (287)
Net interest expense 110 112 336 339
Income before income tax expense 829 821 2,250 1,849
Income tax expense 211 199 474 443
Net income $ 618 $ 622 $ 1,776 $ 1,406
Earnings per share        
Basic earnings per share $ 4.47 $ 4.36 $ 12.75 $ 9.81
Diluted earnings per share $ 4.46 $ 4.35 $ 12.70 $ 9.78
Weighted-average number of shares (millions)        
Basic 138.1 142.6 139.3 143.2
Diluted 138.7 143.1 139.8 143.7
Dividends declared per share $ 0.8300 $ 0.6500 $ 2.3100 $ 1.8625
Freight        
Revenues        
Total revenues $ 1,932 $ 1,854 $ 5,589 $ 5,188
Non-freight        
Revenues        
Total revenues $ 47 $ 44 $ 134 $ 122