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CONSOLIDATED STATEMENTS OF EARNINGS
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
CAD ($)
$ / shares
Dec. 31, 2021
CAD ($)
$ / shares
Dec. 31, 2020
CAD ($)
$ / shares
Operating revenues      
Total operating revenues (Note 4) $ 53,309 $ 47,071 $ 39,087
Operating expenses      
Operating and administrative 8,219 6,712 6,749
Depreciation and amortization 4,317 3,852 3,712
Impairment of long-lived assets 541 0 0
Impairment of goodwill (Note 16) 2,465 0 0
Total operating expenses 48,131 39,266 31,130
Operating income 5,178 7,805 7,957
Income from equity investments (Note 13) 2,056 1,711 1,136
Impairment of equity investments (Note 13) 0 (111) (2,351)
Gain on joint venture merger transaction (Note 13) 1,076 0 0
Other income/(expense) (Note 28) (589) 979 238
Interest expense (Note 18) (3,179) (2,655) (2,790)
Earnings before income taxes 4,542 7,729 4,190
Income tax expense (Note 25) (1,604) (1,415) (774)
Earnings 2,938 6,314 3,416
(Earnings)/loss attributable to noncontrolling interests 65 (125) (53)
Earnings attributable to controlling interests 3,003 6,189 3,363
Preference share dividends (414) (373) (380)
Earnings attributable to common shareholders $ 2,589 $ 5,816 $ 2,983
Earnings per common share attributable to common shareholders (in CAD per share) | $ / shares $ 1.28 $ 2.87 $ 1.48
Diluted earnings per common share attributable to common shareholders (in CAD per share) | $ / shares $ 1.28 $ 2.87 $ 1.48
Commodity sales      
Operating revenues      
Total operating revenues (Note 4) $ 29,150 $ 26,873 $ 19,259
Operating expenses      
Commodity costs and Gas distribution costs 28,942 26,608 18,890
Gas distribution revenue      
Operating revenues      
Total operating revenues (Note 4) 5,653 4,026 3,663
Operating expenses      
Commodity costs and Gas distribution costs 3,647 2,094 1,779
Transportation and other services      
Operating revenues      
Total operating revenues (Note 4) $ 18,506 $ 16,172 $ 16,165