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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, 2022
CAD ($)
$ / shares
shares
Sep. 30, 2021
CAD ($)
$ / shares
shares
Sep. 30, 2022
CAD ($)
$ / shares
shares
Sep. 30, 2021
CAD ($)
$ / shares
shares
Revenues        
Revenues $ 2,312 $ 1,942 $ 6,352 $ 5,955
Operating expenses        
Compensation and benefits 393 381 1,154 1,165
Fuel 358 199 1,001 623
Materials 66 51 191 164
Equipment rents 33 31 97 92
Depreciation and amortization 213 203 634 605
Purchased services and other 312 303 935 932
Total operating expenses 1,375 1,168 4,012 3,581
Operating income 937 774 2,340 2,374
Less:        
Equity earnings of Kansas City Southern (221) 0 (627) 0
Other expense 7 124 13 253
Merger termination fee 0 0 0 (845)
Other components of net periodic benefit recovery (102) (95) (304) (286)
Net interest expense 166 104 486 315
Income before income tax expense 1,087 641 2,772 2,937
Income tax expense 196 169 526 617
Net income $ 891 $ 472 $ 2,246 $ 2,320
Earnings per share        
Basic earnings per share | $ / shares $ 0.96 $ 0.71 $ 2.42 $ 3.48
Diluted earnings per share | $ / shares $ 0.96 $ 0.70 $ 2.41 $ 3.46
Weighted-average number of shares (millions)        
Basic | shares 930.0 666.9 929.9 666.7
Diluted | shares 932.9 669.8 932.8 669.8
Dividends declared per share | $ / shares $ 0.190 $ 0.190 $ 0.570 $ 0.570
Freight        
Revenues        
Revenues $ 2,264 $ 1,896 $ 6,214 $ 5,822
Non-freight        
Revenues        
Revenues $ 48 $ 46 $ 138 $ 133