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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues (Note 3)        
Total revenues $ 3,603 $ 3,174 $ 7,123 $ 5,440
Operating expenses        
Compensation and benefits (Note 8) 612 659 1,302 1,097
Fuel 466 397 924 723
Materials (Note 8) 97 98 191 170
Equipment rents 82 80 164 110
Depreciation and amortization (Note 8) 473 410 940 635
Purchased services and other (Note 8) 606 586 1,186 932
Total operating expenses 2,336 2,230 4,707 3,667
Operating income 1,267 944 2,416 1,773
Less:        
Equity earnings of Kansas City Southern (Note 8, 9) 0 (26) 0 (230)
Other (income) expense (Note 8, 10) (40) 21 (42) 23
Other components of net periodic benefit recovery (Note 12) (88) (83) (176) (169)
Net interest expense (Note 8) 200 204 406 358
Remeasurement loss of Kansas City Southern (Note 8) 0 7,175 0 7,175
Income before income taxes 1,195 (6,347) 2,228 (5,384)
Income (loss) before income tax expense (recovery)        
Current income tax expense (Note 4) 274 281 516 419
Deferred income tax expense (recovery) (Note 4, 8) 18 (7,953) 35 (7,928)
Income tax expense (recovery) (Note 4) 292 (7,672) 551 (7,509)
Net income 903 1,325 1,677 2,125
Less: Net (loss) income attributable to non-controlling interest (Note 8) (2) 1 (3) 1
Net income attributable to controlling shareholders $ 905 $ 1,324 $ 1,680 $ 2,124
Earnings per share (Note 5)        
Basic earnings per share (in dollars per share) $ 0.97 $ 1.42 $ 1.80 $ 2.28
Diluted earnings per share (in dollars per share) $ 0.97 $ 1.42 $ 1.80 $ 2.28
Weighted-average number of shares (millions) (Note 5)        
Basic (in shares) 932.8 931.2 932.6 930.9
Diluted (in shares) 934.6 933.8 934.5 933.6
Dividends declared per share (in dollars per share) $ 0.19 $ 0.19 $ 0.38 $ 0.38
Freight        
Revenues (Note 3)        
Total revenues $ 3,534 $ 3,101 $ 6,961 $ 5,318
Non-freight        
Revenues (Note 3)        
Total revenues $ 69 $ 73 $ 162 $ 122