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CONSOLIDATED STATEMENTS OF EARNINGS
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
CAD ($)
$ / shares
Dec. 31, 2022
CAD ($)
$ / shares
Dec. 31, 2021
CAD ($)
$ / shares
Operating revenues      
Total operating revenues (Note 4) $ 43,649 $ 53,309 $ 47,071
Operating expenses      
Operating and administrative 8,600 8,219 6,712
Depreciation and amortization 4,613 4,317 3,852
Impairment of long-lived assets 419 541 0
Impairment of goodwill (Note 15) 0 2,465 0
Total operating expenses 34,998 48,131 39,266
Operating income 8,651 5,178 7,805
Income from equity investments (Note 13) 1,816 2,056 1,600
Gain on joint venture merger transaction (Note 13) 0 1,076 0
Other income/(expense) (Note 27) 1,224 (589) 979
Interest expense (Note 17) (3,812) (3,179) (2,655)
Earnings before income taxes 7,879 4,542 7,729
Income tax expense (Note 24) (1,821) (1,604) (1,415)
Earnings 6,058 2,938 6,314
(Earnings)/loss attributable to noncontrolling interests 133 65 (125)
Earnings attributable to controlling interests 6,191 3,003 6,189
Preference share dividends (352) (414) (373)
Earnings attributable to common shareholders $ 5,839 $ 2,589 $ 5,816
Earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ / shares $ 2.84 $ 1.28 $ 2.87
Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ / shares $ 2.84 $ 1.28 $ 2.87
Commodity sales      
Operating revenues      
Total operating revenues (Note 4) $ 18,981 $ 29,150 $ 26,873
Operating expenses      
Commodity costs and Gas distribution costs 18,526 28,942 26,608
Gas distribution sales      
Operating revenues      
Total operating revenues (Note 4) 4,839 5,653 4,026
Operating expenses      
Commodity costs and Gas distribution costs 2,840 3,647 2,094
Transportation and other services      
Operating revenues      
Total operating revenues (Note 4) $ 19,829 $ 18,506 $ 16,172