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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues (Note 3)        
Total revenues $ 3,549 $ 3,339 $ 10,672 $ 8,779
Operating expenses        
Compensation and benefits (Note 8) 644 598 1,946 1,695
Fuel 419 430 1,343 1,153
Materials (Note 8) 99 90 290 260
Equipment rents 89 91 253 201
Depreciation and amortization (Note 8) 472 451 1,412 1,086
Purchased services and other (Note 8) 623 506 1,809 1,438
Total operating expenses 2,346 2,166 7,053 5,833
Operating income 1,203 1,173 3,619 2,946
Less:        
Equity earnings of Kansas City Southern (Note 8, 9) 0 0 0 (230)
Other expense (income) (Note 8, 10) 1 13 (41) 36
Other components of net periodic benefit recovery (Note 12) (89) (85) (265) (254)
Net interest expense (Note 8) 192 207 598 565
Remeasurement loss of Kansas City Southern (Note 8) 0 0 0 7,175
Income before income taxes 1,099 1,038 3,327 (4,346)
Income (loss) before income tax expense (recovery)        
Current income tax expense (Note 4) 257 255 773 674
Deferred income tax expense (recovery) (Note 4, 8) 5 3 40 (7,925)
Income tax expense (recovery) (Note 4) 262 258 813 (7,251)
Net income 837 780 2,514 2,905
Less: Net (loss) income attributable to non-controlling interest (Note 8) 0 0 (3) 1
Net income attributable to controlling shareholders $ 837 $ 780 $ 2,517 $ 2,904
Earnings per share (Note 5)        
Basic earnings per share (in dollars per share) $ 0.90 $ 0.84 $ 2.70 $ 3.12
Diluted earnings per share (in dollars per share) $ 0.90 $ 0.84 $ 2.69 $ 3.11
Weighted-average number of shares (millions) (Note 5)        
Basic (in shares) 933.2 931.5 932.8 931.1
Diluted (in shares) 935.3 933.9 934.8 933.7
Dividends declared per share (in dollars per share) $ 0.19 $ 0.19 $ 0.57 $ 0.57
Freight        
Revenues (Note 3)        
Total revenues $ 3,461 $ 3,266 $ 10,422 $ 8,584
Non-freight        
Revenues (Note 3)        
Total revenues $ 88 $ 73 $ 250 $ 195