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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues (Note 3)        
Total revenues $ 3,174 $ 2,202 $ 5,440 $ 4,040
Operating expenses        
Compensation and benefits (Note 8) 659 348 1,097 761
Fuel 397 370 723 643
Materials 98 63 170 125
Equipment rents 80 29 110 64
Depreciation and amortization 410 211 635 421
Purchased services and other (Note 8) 586 313 932 623
Total operating expenses 2,230 1,334 3,667 2,637
Operating income 944 868 1,773 1,403
Less:        
Equity earnings of Kansas City Southern (Note 8, 9) (26) (208) (230) (406)
Other expense (Note 8) 21 7 23 6
Other components of net periodic benefit recovery (Note 14) (83) (101) (169) (202)
Net interest expense 204 160 358 320
Remeasurement loss of Kansas City Southern (Note 8) 7,175 0 7,175 0
Income before income taxes (6,347) 1,010 (5,384) 1,685
(Loss) income before income tax expense        
Current income tax expense (Note 4) 281 131 419 217
Deferred tax (recovery) expense (Note 4) (7,953) 114 (7,928) 113
Income tax (recovery) expense (Note 4) (7,672) 245 (7,509) 330
Net income 1,325 765 2,125 1,355
Less: Net income attributable to non-controlling interest 1 0 1 0
Net income attributable to controlling shareholders $ 1,324 $ 765 $ 2,124 $ 1,355
Earnings per share (Note 5)        
Basic earnings per share (in dollars per share) $ 1.42 $ 0.82 $ 2.28 $ 1.46
Diluted earnings per share (in dollars per share) $ 1.42 $ 0.82 $ 2.28 $ 1.45
Weighted-average number of shares (millions) (Note 5)        
Basic (in shares) 931.2 929.9 930.9 929.8
Diluted (in shares) 933.8 932.6 933.6 932.7
Dividends declared per share (in dollars per share) $ 0.190 $ 0.190 $ 0.380 $ 0.380
Freight        
Revenues (Note 3)        
Total revenues $ 3,101 $ 2,154 $ 5,318 $ 3,950
Non-freight        
Revenues (Note 3)        
Total revenues $ 73 $ 48 $ 122 $ 90