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INTERIM CONSOLIDATED STATEMENTS OF INCOME (unaudited)
shares in Millions, $ in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
CAD ($)
$ / shares
shares
Jun. 30, 2020
CAD ($)
$ / shares
shares
Jun. 30, 2021
CAD ($)
$ / shares
shares
Jun. 30, 2020
CAD ($)
$ / shares
shares
Revenues        
Revenues $ 2,054 $ 1,792 $ 4,013 $ 3,835
Operating expenses        
Compensation and benefits 379 347 784 745
Fuel 218 131 424 343
Materials 54 50 113 109
Equipment rents 28 33 61 69
Depreciation and amortization 200 195 402 387
Purchased services and other 355 266 629 578
Total operating expenses 1,234 1,022 2,413 2,231
Operating income 820 770 1,600 1,604
Less:        
Other expense (income) 157 (86) 129 125
Merger termination fee (845) 0 (845) 0
Other components of net periodic benefit recovery (96) (86) (191) (171)
Net interest expense 101 118 211 232
Income before income tax expense 1,503 824 2,296 1,418
Income tax expense 257 189 448 374
Net income $ 1,246 $ 635 $ 1,848 $ 1,044
Earnings per share        
Basic earnings per share | $ / shares $ 1.87 $ 0.94 $ 2.77 $ 1.53
Diluted earnings per share | $ / shares $ 1.86 $ 0.93 $ 2.76 $ 1.53
Weighted-average number of shares (millions)        
Basic | shares 666.7 678.2 666.6 680.8
Diluted | shares 669.9 680.5 669.8 683.1
Dividends declared per share | $ / shares $ 0.190 $ 0.166 $ 0.380 $ 0.332
Freight        
Revenues        
Revenues $ 2,008 $ 1,752 $ 3,926 $ 3,752
Non-freight        
Revenues        
Revenues $ 46 $ 40 $ 87 $ 83