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Consolidated statement of income - CAD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 13,255 $ 13,679 $ 13,449
Income from Equity Investments (Note 10) 920 714 773
Operating and Other Expenses      
Plant operating costs and other 3,909 3,591 3,906
Commodity purchases resold 369 1,488 2,382
Property taxes 727 569 569
Depreciation and amortization 2,464 2,350 2,055
Goodwill and other asset impairment charges (Notes 8, 12 and 13) 0 801 1,257
Total Operating and Other Expenses 7,469 8,799 10,169
(Loss)/Gain on Assets Held for Sale/Sold (Notes 6 and 27) (121) 170 631
Financial Charges      
Interest expense (Note 18) 2,333 2,265 2,069
Allowance for funds used during construction (475) (526) (507)
Interest income and other (460) 76 (184)
Total Financial Charges 1,398 1,815 1,378
Income before Income Taxes 5,187 3,949 3,306
Income Tax Expense/(Recovery) (Note 17)      
Current 699 315 149
Deferred 55 284 566
Deferred – U.S. Tax Reform and 2018 FERC Actions 0 (167) (804)
Income Tax (Recovery)/Expense 754 432 (89)
Net Income 4,433 3,517 3,395
Net income/(loss) attributable to non-controlling interests (Note 20) 293 (185) 238
Net Income Attributable to Controlling Interests 4,140 3,702 3,157
Preferred share dividends 164 163 160
Net Income Attributable to Common Shares $ 3,976 $ 3,539 $ 2,997
Net Income per Common Share (Note 21)      
Basic (in dollars per share) $ 4.28 $ 3.92 $ 3.44
Diluted (in dollars per share) 4.27 3.92 3.43
Dividends Declared per Common Share (in dollars per share) $ 3.00 $ 2.76 $ 2.50
Weighted Average Number of Common Shares (Note 20)      
Basic (in shares) 929 902 872
Diluted (in shares) 931 903 874
Canadian Natural Gas Pipelines      
Revenues $ 4,010 $ 4,038 $ 3,693
U.S. Natural Gas Pipelines      
Revenues 4,978 4,314 3,584
Mexico Natural Gas Pipelines      
Revenues 603 619 570
Liquids Pipelines      
Revenues 2,879 2,584 2,009
Power and Storage      
Revenues $ 785 $ 2,124 $ 3,593