Canadian Natural Resources Limited (TSX: CNQ)

CNQ Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	35,968	49,530	32,854	17,491	24,394
Revenue Growth (YoY)	-27.38%	50.76%	87.83%	-28.30%	9.48%
Cost of Revenue	24,561	33,270	22,277	17,422	18,045
Gross Profit	11,407	16,260	10,577	69	6,349
Selling, General & Admin	943	1,219	880	309	567
Other Operating Expenses	0	281	185	205	190
Operating Expenses	943	1,500	1,065	514	757
Operating Income	10,464	14,760	9,512	-445	5,592
Interest Income	55	121	32	72	76
Interest Expense	691	549	711	756	836
Other Expense / Income	-337	628	-1,078	-256	-124
Pretax Income	10,165	13,704	9,911	-873	4,956
Income Tax	1,932	2,767	2,247	-438	-460
Net Income	8,233	10,937	7,664	-435	5,416
Net Income Growth	-24.72%	42.71%	-	-	109.03%
Shares Outstanding (Basic)	2,183	2,270	2,363	2,364	2,382
Shares Outstanding (Diluted)	2,183	2,270	2,363	2,364	2,382
Shares Change	-3.85%	-3.92%	-0.04%	-0.77%	-2.28%
EPS (Basic)	3.77	4.82	3.24	-0.18	2.27
EPS (Diluted)	3.77	4.82	3.24	-0.18	2.27
EPS Growth	-21.71%	48.52%	-	-	113.92%
Free Cash Flow	7,444	14,288	9,986	2,159	5,294
Free Cash Flow Per Share	3.41	6.29	4.23	0.91	2.22
Gross Margin	31.71%	32.83%	32.19%	0.39%	26.03%
Operating Margin	29.09%	29.80%	28.95%	-2.54%	22.92%
Profit Margin	22.89%	22.08%	23.33%	-2.49%	22.20%
Free Cash Flow Margin	20.70%	28.85%	30.40%	12.34%	21.70%
Effective Tax Rate	19.01%	20.19%	22.67%	-	-9.28%
EBITDA	17,243	22,113	15,236	5,601	11,138
EBITDA Margin	47.94%	44.65%	46.37%	32.02%	45.66%
Depreciation & Amortization	6,779	7,353	5,406	5,910	5,332
EBIT	10,464	14,760	9,830	-309	5,806
EBIT Margin	29.09%	29.80%	29.92%	-1.77%	23.80%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.