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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, 2022
CAD ($)
$ / shares
shares
Jun. 30, 2021
CAD ($)
$ / shares
shares
Jun. 30, 2022
CAD ($)
$ / shares
shares
Jun. 30, 2021
CAD ($)
$ / shares
shares
Revenues        
Revenues $ 2,202 $ 2,054 $ 4,040 $ 4,013
Operating expenses        
Compensation and benefits 348 379 761 784
Fuel 370 218 643 424
Materials 63 54 125 113
Equipment rents 29 28 64 61
Depreciation and amortization 211 200 421 402
Purchased services and other 313 355 623 629
Total operating expenses 1,334 1,234 2,637 2,413
Operating income 868 820 1,403 1,600
Less:        
Equity earnings of Kansas City Southern (208) 0 (406) 0
Other expense 7 157 6 129
Merger termination fee 0 (845) 0 (845)
Other components of net periodic benefit recovery (101) (96) (202) (191)
Net interest expense 160 101 320 211
Income before income tax expense 1,010 1,503 1,685 2,296
Income tax expense 245 257 330 448
Net income $ 765 $ 1,246 $ 1,355 $ 1,848
Earnings per share        
Basic earnings per share | $ / shares $ 0.82 $ 1.87 $ 1.46 $ 2.77
Diluted earnings per share | $ / shares $ 0.82 $ 1.86 $ 1.45 $ 2.76
Weighted-average number of shares (millions)        
Basic | shares 929.9 666.7 929.8 666.6
Diluted | shares 932.6 669.9 932.7 669.8
Dividends declared per share | $ / shares $ 0.190 $ 0.190 $ 0.380 $ 0.380
Freight        
Revenues        
Revenues $ 2,154 $ 2,008 $ 3,950 $ 3,926
Non-freight        
Revenues        
Revenues $ 48 $ 46 $ 90 $ 87