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CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues (Note 4)      
Total revenues $ 12,555 $ 8,814 $ 7,995
Operating expenses      
Compensation and benefits (Note 11, 23, 24) 2,332 1,570 1,570
Fuel 1,681 1,400 854
Materials (Note 11) 346 260 215
Equipment rents 277 140 121
Depreciation and amortization (Note 11, 13, 15) 1,543 853 811
Purchased services and other (Note 10, 11, 26) 1,988 1,262 1,218
Total operating expenses 8,167 5,485 4,789
Operating income 4,388 3,329 3,206
Less:      
Equity (earnings) loss of Kansas City Southern (Note 11, 12) (230) (1,074) 141
Other expense (Note 5, 11) 52 17 237
Merger termination fee (Note 11) 0 0 (845)
Other components of net periodic benefit recovery (Note 23) (327) (411) (387)
Net interest expense (Note 11) 771 652 440
Remeasurement loss of Kansas City Southern (Note 11) 7,175 0 0
(Loss) income before income tax (recovery) expense (3,053) 4,145 3,620
Current income tax expense (Note 6) 909 492 526
Deferred income tax (recovery) expense (Note 6) (7,885) 136 242
Total income tax (recovery) expense (6,976) 628 768
Net income 3,923 3,517 2,852
Less: Net loss attributable to non-controlling interest (Note 11) (4) 0 0
Net income attributable to controlling shareholders $ 3,927 $ 3,517 $ 2,852
Earnings per share (Note 7)      
Basic earnings per share (cad per share) $ 4.22 $ 3.78 $ 4.20
Diluted earnings per share (cad per share) $ 4.21 $ 3.77 $ 4.18
Weighted-average number of shares (millions) (Note 7)      
Basic (in shares) 931.3 930.0 679.7
Diluted (in shares) 933.7 932.9 682.8
Freight      
Revenues (Note 4)      
Total revenues $ 12,281 $ 8,627 $ 7,816
Non-freight      
Revenues (Note 4)      
Total revenues $ 274 $ 187 $ 179