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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues (Note 3)        
Total revenues $ 3,339 $ 2,312 $ 8,779 $ 6,352
Operating expenses        
Compensation and benefits (Note 8) 598 393 1,695 1,154
Fuel 430 358 1,153 1,001
Materials (Note 8) 90 66 260 191
Equipment rents 91 33 201 97
Depreciation and amortization 451 213 1,086 634
Purchased services and other (Note 8, 16) 506 312 1,438 935
Total operating expenses 2,166 1,375 5,833 4,012
Operating income 1,173 937 2,946 2,340
Less:        
Equity earnings of Kansas City Southern (Note 8, 9) 0 (221) (230) (627)
Other expense (Note 8) 13 7 36 13
Other components of net periodic benefit recovery (Note 14) (85) (102) (254) (304)
Net interest expense 207 166 565 486
Remeasurement loss of Kansas City Southern (Note 8) 0 0 7,175 0
Income before income taxes 1,038 1,087 (4,346) 2,772
Income (loss) before income tax expense (recovery)        
Current income tax expense (Note 4) 255 158 674 375
Deferred income tax expense (recovery) (Note 4) 3 38 (7,925) 151
Income tax expense (recovery) (Note 4) 258 196 (7,251) 526
Net income 780 891 2,905 2,246
Less: Net income attributable to non-controlling interest 0 0 1 0
Net income attributable to controlling shareholders $ 780 $ 891 $ 2,904 $ 2,246
Earnings per share (Note 5)        
Basic earnings per share (in dollars per share) $ 0.84 $ 0.96 $ 3.12 $ 2.42
Diluted earnings per share (in dollars per share) $ 0.84 $ 0.96 $ 3.11 $ 2.41
Weighted-average number of shares (millions) (Note 5)        
Basic (in shares) 931.5 930.0 931.1 929.9
Diluted (in shares) 933.9 932.9 933.7 932.8
Dividends declared per share (in dollars per share) $ 0.19 $ 0.19 $ 0.57 $ 0.57
Freight        
Revenues (Note 3)        
Total revenues $ 3,266 $ 2,264 $ 8,584 $ 6,214
Non-freight        
Revenues (Note 3)        
Total revenues $ 73 $ 48 $ 195 $ 138