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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	36,743	35,968	42,298	30,057	16,893	22,871
Revenue Growth (YoY)	0.21%	-14.97%	40.73%	77.93%	-26.14%	8.77%
Cost of Revenue	17,818	17,782	18,685	13,756	10,778	10,976
Gross Profit	18,925	18,186	23,613	16,301	6,115	11,895
Selling, General & Admin	477	452	415	366	391	344
Other Operating Expenses	390	390	299	214	198	239
Operating Expenses	8,283	7,746	8,871	6,818	6,553	6,352
Operating Income	10,642	10,440	14,742	9,483	-438	5,543
Interest Expense	-678	-691	-670	-743	-828	-912
Interest & Investment Income	78	55	121	32	72	76
Earnings From Equity Investments	-	-	-	400	-	-
Currency Exchange Gain (Loss)	-341	305	-685	120	275	542
EBT Excluding Unusual Items	9,701	10,109	13,508	9,292	-919	5,249
Gain (Loss) on Sale of Investments	68	56	196	141	-171	-293
Other Unusual Items	-	-	-	478	217	-
Pretax Income	9,769	10,165	13,704	9,911	-873	4,956
Income Tax Expense	2,096	1,932	2,767	2,247	-438	-460
Net Income	7,673	8,233	10,937	7,664	-435	5,416
Net Income to Common	7,673	8,233	10,937	7,664	-435	5,416
Net Income Growth	1.01%	-24.72%	42.71%	-	-	109.03%
Shares Outstanding (Basic)	2,154	2,183	2,270	2,363	2,364	2,382
Shares Outstanding (Diluted)	2,173	2,204	2,298	2,373	2,364	2,386
Shares Change (YoY)	-2.74%	-4.09%	-3.15%	0.41%	-0.95%	-2.50%
EPS (Basic)	3.56	3.77	4.82	3.24	-0.18	2.27
EPS (Diluted)	3.53	3.73	4.76	3.23	-0.18	2.27
EPS Growth	3.79%	-21.53%	47.37%	-	-	114.15%
Free Cash Flow	10,448	7,444	14,255	9,985	2,154	5,221
Free Cash Flow Per Share	4.81	3.38	6.20	4.21	0.91	2.19
Dividend Per Share	1.475	1.850	1.550	0.999	0.850	0.750
Dividend Growth	-13.24%	19.35%	55.19%	17.51%	13.33%	11.94%
Gross Margin	51.51%	50.56%	55.83%	54.23%	36.20%	52.01%
Operating Margin	28.96%	29.03%	34.85%	31.55%	-2.59%	24.24%
Profit Margin	20.88%	22.89%	25.86%	25.50%	-2.58%	23.68%
Free Cash Flow Margin	28.44%	20.70%	33.70%	33.22%	12.75%	22.83%
EBITDA	16,935	16,510	20,512	15,392	5,813	11,279
EBITDA Margin	46.09%	45.90%	48.49%	51.21%	34.41%	49.32%
D&A For EBITDA	6,293	6,070	5,770	5,909	6,251	5,736
EBIT	10,642	10,440	14,742	9,483	-438	5,543
EBIT Margin	28.96%	29.03%	34.85%	31.55%	-2.59%	24.24%
Effective Tax Rate	21.46%	19.01%	20.19%	22.67%	-	-
Revenue as Reported	36,743	35,968	42,298	30,057	16,893	22,871

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