Canadian National Railway Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2002
Revenue	16,828	17,107	14,477	13,819	14,917	Upgrade
Revenue Growth (YoY)	-1.63%	18.17%	4.76%	-7.36%	4.16%	Upgrade
Cost of Revenue	9,677	9,711	8,408	8,048	8,832	Upgrade
Gross Profit	7,151	7,396	6,069	5,771	6,085	Upgrade
Other Operating Expenses	554	556	453	994	492	Upgrade
Operating Expenses	554	556	453	994	492	Upgrade
Operating Income	6,597	6,840	5,616	4,777	5,593	Upgrade
Interest Expense / Income	722	548	610	554	538	Upgrade
Other Expense / Income	-613	-471	-1,336	-298	-374	Upgrade
Pretax Income	6,488	6,763	6,342	4,521	5,429	Upgrade
Income Tax	863	1,645	1,443	976	1,213	Upgrade
Net Income	5,625	5,118	4,899	3,545	4,216	Upgrade
Net Income Growth	9.91%	4.47%	38.19%	-15.92%	-2.59%	Upgrade
Shares Outstanding (Basic)	658	686	709	711	720	Upgrade
Shares Outstanding (Diluted)	659	688	710	713	723	Upgrade
Shares Change	-4.24%	-3.10%	-0.38%	-1.33%	-2.05%	Upgrade
EPS (Basic)	8.55	7.46	6.91	4.98	5.85	Upgrade
EPS (Diluted)	8.53	7.44	6.90	4.97	5.83	Upgrade
EPS Growth	14.65%	7.83%	38.83%	-14.75%	-0.68%	Upgrade
Free Cash Flow	3,907	4,190	4,080	3,302	2,058	Upgrade
Free Cash Flow Per Share	5.94	6.10	5.76	4.64	2.86	Upgrade
Dividend Per Share	2.325	2.250	1.967	1.746	1.618	Upgrade
Dividend Growth	3.33%	14.39%	12.66%	7.91%	16.40%	Upgrade
Gross Margin	42.49%	43.23%	41.92%	41.76%	40.79%	Upgrade
Operating Margin	39.20%	39.98%	38.79%	34.57%	37.49%	Upgrade
Profit Margin	33.43%	29.92%	33.84%	25.65%	28.26%	Upgrade
Free Cash Flow Margin	23.22%	24.49%	28.18%	23.89%	13.80%	Upgrade
Effective Tax Rate	13.30%	24.32%	22.75%	21.59%	22.34%	Upgrade
EBITDA	9,027	9,040	8,550	6,664	7,529	Upgrade
EBITDA Margin	53.64%	52.84%	59.06%	48.22%	50.47%	Upgrade
Depreciation & Amortization	1,817	1,729	1,598	1,589	1,562	Upgrade
EBIT	7,210	7,311	6,952	5,075	5,967	Upgrade
EBIT Margin	42.85%	42.74%	48.02%	36.72%	40.00%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).