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CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues        
Total operating revenues $ 7,956 $ 13,263 $ 19,969 $ 26,119
Operating expenses        
Operating and administrative 1,801 1,695 3,401 3,320
Depreciation and amortization 949 842 1,831 1,682
Total operating expenses 5,858 10,978 16,358 21,215
Operating income/(loss) 2,098 2,285 3,611 4,904
Income from equity investments 327 413 490 826
Impairment of equity investments 0 0 (1,736) 0
Other income/(expense)        
Net foreign currency gain/(loss) 526 140 (430) 354
Other 98 65 (93) 111
Interest expense (681) (637) (1,387) (1,322)
Earnings before income taxes 2,368 2,266 455 4,873
Income tax expense (591) (436) (42) (1,020)
Earnings 1,777 1,830 413 3,853
(Earnings)/loss attributable to noncontrolling interests (36) 2 (5) (35)
Earnings attributable to controlling interests 1,741 1,832 408 3,818
Preference share dividends (94) (96) (190) (191)
Earnings attributable to common shareholders $ 1,647 $ 1,736 $ 218 $ 3,627
Earnings per common share attributable to common shareholders (in Canadian dollars per share) $ 0.82 $ 0.86 $ 0.11 $ 1.80
Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share) $ 0.82 $ 0.86 $ 0.11 $ 1.80
Commodity sales        
Operating revenues        
Total operating revenues $ 2,936 $ 8,416 $ 10,325 $ 15,048
Operating expenses        
Cost of goods and services sold 2,858 8,129 10,021 14,694
Transportation and other services        
Operating revenues        
Total operating revenues 4,326 4,092 7,534 8,440
Gas distribution revenue        
Operating revenues        
Total operating revenues 694 755 2,110 2,631
Operating expenses        
Cost of goods and services sold $ 250 $ 312 $ 1,105 $ 1,519