Canadian Natural Resources Limited (TSX: CNQ)

CNQ Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	35,741	35,968	42,298	30,057	16,893	22,871
Revenue Growth (YoY)	-1.01%	-14.97%	40.73%	77.93%	-26.14%	8.77%
Cost of Revenue	17,774	17,782	18,685	13,756	10,778	10,976
Gross Profit	17,967	18,186	23,613	16,301	6,115	11,895
Selling, General & Admin	495	452	415	366	391	344
Other Operating Expenses	396	390	299	214	198	239
Operating Expenses	8,024	7,746	8,871	6,818	6,553	6,352
Operating Income	9,943	10,440	14,742	9,483	-438	5,543
Interest Expense	-654	-691	-670	-743	-828	-912
Interest & Investment Income	87	55	121	32	72	76
Earnings From Equity Investments	-	-	-	400	-	-
Currency Exchange Gain (Loss)	33	305	-685	120	275	542
EBT Excluding Unusual Items	9,409	10,109	13,508	9,292	-919	5,249
Gain (Loss) on Sale of Investments	22	56	196	141	-171	-293
Other Unusual Items	-	-	-	478	217	-
Pretax Income	9,431	10,165	13,704	9,911	-873	4,956
Income Tax Expense	1,836	1,932	2,767	2,247	-438	-460
Net Income	7,595	8,233	10,937	7,664	-435	5,416
Net Income to Common	7,595	8,233	10,937	7,664	-435	5,416
Net Income Growth	6.58%	-24.72%	42.71%	-	-	109.03%
Shares Outstanding (Basic)	2,139	2,183	2,270	2,363	2,364	2,382
Shares Outstanding (Diluted)	2,155	2,204	2,298	2,373	2,364	2,386
Shares Change (YoY)	-2.86%	-4.09%	-3.15%	0.41%	-0.95%	-2.50%
EPS (Basic)	3.55	3.77	4.82	3.24	-0.18	2.27
EPS (Diluted)	3.52	3.73	4.76	3.23	-0.18	2.27
EPS Growth	9.75%	-21.53%	47.37%	-	-	114.15%
Free Cash Flow	9,711	7,444	14,255	9,985	2,154	5,221
Free Cash Flow Per Share	4.51	3.38	6.20	4.21	0.91	2.19
Dividend Per Share	2.075	1.850	1.550	0.999	0.850	0.750
Dividend Growth	16.90%	19.35%	55.19%	17.51%	13.33%	11.94%
Gross Margin	50.27%	50.56%	55.83%	54.23%	36.20%	52.01%
Operating Margin	27.82%	29.03%	34.85%	31.55%	-2.59%	24.24%
Profit Margin	21.25%	22.89%	25.86%	25.50%	-2.58%	23.68%
Free Cash Flow Margin	27.17%	20.70%	33.70%	33.22%	12.75%	22.83%
EBITDA	16,231	16,510	20,512	15,392	5,813	11,279
EBITDA Margin	45.41%	45.90%	48.49%	51.21%	34.41%	49.32%
D&A For EBITDA	6,288	6,070	5,770	5,909	6,251	5,736
EBIT	9,943	10,440	14,742	9,483	-438	5,543
EBIT Margin	27.82%	29.03%	34.85%	31.55%	-2.59%	24.24%
Effective Tax Rate	19.47%	19.01%	20.19%	22.67%	-	-
Revenue as Reported	35,741	35,968	42,298	30,057	16,893	22,871

Source: S&P Capital IQ. Standard template. Financial Sources.