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INTERIM CONSOLIDATED STATEMENTS OF INCOME (unaudited)
shares in Millions, $ in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
CAD ($)
$ / shares
shares
Sep. 30, 2020
CAD ($)
$ / shares
shares
Sep. 30, 2021
CAD ($)
$ / shares
shares
Sep. 30, 2020
CAD ($)
$ / shares
shares
Revenues        
Revenues $ 1,942 $ 1,863 $ 5,955 $ 5,698
Operating expenses        
Compensation and benefits 381 382 1,165 1,127
Fuel 199 140 623 483
Materials 51 53 164 162
Equipment rents 31 39 92 108
Depreciation and amortization 203 195 605 582
Purchased services and other 303 275 932 853
Total operating expenses 1,168 1,084 3,581 3,315
Operating income 774 779 2,374 2,383
Less:        
Other expense (income) 124 (36) 253 89
Merger termination fee 0 0 (845) 0
Other components of net periodic benefit recovery (95) (86) (286) (257)
Net interest expense 104 114 315 346
Income before income tax expense 641 787 2,937 2,205
Income tax expense 169 189 617 563
Net income $ 472 $ 598 $ 2,320 $ 1,642
Earnings per share        
Basic earnings per share | $ / shares $ 0.71 $ 0.88 $ 3.48 $ 2.42
Diluted earnings per share | $ / shares $ 0.70 $ 0.88 $ 3.46 $ 2.41
Weighted-average number of shares (millions)        
Basic | shares 666.9 676.2 666.7 679.3
Diluted | shares 669.8 679.0 669.8 681.8
Dividends declared per share | $ / shares $ 0.190 $ 0.190 $ 0.570 $ 0.522
Freight        
Revenues        
Revenues $ 1,896 $ 1,821 $ 5,822 $ 5,573
Non-freight        
Revenues        
Revenues $ 46 $ 42 $ 133 $ 125