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INTERIM CONSOLIDATED STATEMENTS OF INCOME (unaudited) - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 1,863 $ 1,979 $ 5,698 $ 5,723
Operating expenses        
Compensation and benefits 382 355 1,127 1,144
Fuel 140 210 483 655
Materials 53 50 162 161
Equipment rents 39 33 108 102
Depreciation and amortization 195 185 582 528
Purchased services and other 275 277 853 899
Total operating expenses 1,084 1,110 3,315 3,489
Operating income 779 869 2,383 2,234
Less:        
Other (income) expense (36) 29 89 (58)
Other components of net periodic benefit recovery (86) (99) (257) (294)
Net interest expense 114 110 346 336
Income before income tax expense 787 829 2,205 2,250
Income tax expense 189 211 563 474
Net income $ 598 $ 618 $ 1,642 $ 1,776
Earnings per share        
Basic earnings per share $ 4.42 $ 4.47 $ 12.09 $ 12.75
Diluted earnings per share $ 4.41 $ 4.46 $ 12.04 $ 12.70
Weighted-average number of shares (millions)        
Basic 135.2 138.1 135.9 139.3
Diluted 135.8 138.7 136.4 139.8
Dividends declared per share $ 0.9500 $ 0.8300 $ 2.6100 $ 2.3100
Freight        
Revenues        
Total revenues $ 1,821 $ 1,932 $ 5,573 $ 5,589
Non-freight        
Revenues        
Total revenues $ 42 $ 47 $ 125 $ 134