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Consolidated statement of income - CAD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 14,977 $ 13,387 $ 12,999
Income from Equity Investments (Note 11) 1,054 898 1,019
Impairment of equity investment (Notes 7 and 11) (3,048) 0 0
Operating and Other Expenses      
Plant operating costs and other 4,932 4,098 3,878
Commodity purchases resold 534 87 0
Property taxes 848 774 727
Depreciation and amortization 2,584 2,522 2,590
Goodwill and asset impairment charges and other (Notes 6 and 14) 453 2,775 0
Total operating and other expenses 9,351 10,256 7,195
Net Gain/(Loss) on Sale of Assets (Note 30) 0 30 (50)
Financial Charges      
Interest expense (Note 20) 2,588 2,360 2,228
Allowance for funds used during construction (369) (267) (349)
Foreign exchange losses on loan receivable from affiliate (Note 12) 185 (10) (28)
Interest income and other (146) (190) (185)
Total financial charges 2,258 1,893 1,666
Income before Income Taxes 1,374 2,166 5,107
Income Tax Expense (Note 19)      
Current 415 305 252
Deferred 174 (185) (58)
Income Tax Expense 589 120 194
Net Income 785 2,046 4,913
Net income attributable to non-controlling interests (Note 23) 37 91 297
Net Income Attributable to Controlling Interests 748 1,955 4,616
Preferred share dividends 107 140 159
Net Income Attributable to Common Shares $ 641 $ 1,815 $ 4,457
Net Income per Common Share (Note 24)      
Basic (in dollars per share) $ 0.64 $ 1.87 $ 4.74
Diluted (in dollars per share) 0.64 1.86 4.74
Dividends Declared per Common Share (in dollars per share) $ 3.60 $ 3.48 $ 3.24
Weighted Average Number of Common Shares (millions) (Note 24)      
Basic (in shares) 995 973 940
Diluted (in shares) 996 974 940
Canadian Natural Gas Pipelines      
Revenues $ 4,764 $ 4,519 $ 4,469
U.S. Natural Gas Pipelines      
Revenues 5,933 5,233 5,031
Mexico Natural Gas Pipelines      
Revenues 688 605 716
Liquids Pipelines      
Revenues 2,668 2,306 2,371
Power and Energy Solutions      
Revenues $ 924 $ 724 $ 412