Canadian National Railway Company (TSX: CNR)

CNR Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	16,828	17,107	14,477	13,819	14,917
Revenue Growth (YoY)	-1.63%	18.17%	4.76%	-7.36%	4.16%
Cost of Revenue	9,677	9,711	8,408	8,048	8,832
Gross Profit	7,151	7,396	6,069	5,771	6,085
Selling, General & Admin	913	894	842	940	936
Other Operating Expenses	470	471	8,861	321	324
Operating Expenses	554	471	8,861	321	324
Operating Income	6,597	6,840	5,616	4,777	5,593
Interest Income	722	548	610	554	538
Interest Expense	722	548	610	554	538
Other Expense / Income	109	77	-726	250	164
Pretax Income	6,488	6,763	6,342	4,544	5,429
Income Tax	863	1,645	1,443	982	1,213
Net Income	5,625	5,118	4,899	3,545	4,216
Net Income Growth	9.91%	4.47%	38.19%	-15.92%	-2.59%
Shares Outstanding (Basic)	658	686	709	711	720
Shares Outstanding (Diluted)	659	688	710	713	723
Shares Change	-4.24%	-3.10%	-0.38%	-1.33%	-2.05%
EPS (Basic)	8.55	7.46	6.91	5.01	5.85
EPS (Diluted)	8.53	7.44	6.90	5.00	5.83
EPS Growth	14.65%	7.83%	38.00%	-14.24%	-0.68%
Free Cash Flow	3,778	3,917	4,080	3,302	2,058
Free Cash Flow Per Share	5.73	5.69	5.74	4.63	2.85
Gross Margin	42.49%	43.23%	41.92%	41.76%	40.79%
Operating Margin	39.20%	39.98%	38.79%	34.57%	37.49%
Profit Margin	33.43%	29.92%	33.84%	25.65%	28.26%
Free Cash Flow Margin	22.45%	22.90%	28.18%	23.89%	13.80%
Effective Tax Rate	13.30%	24.32%	22.75%	21.61%	22.34%
EBITDA	8,884	9,596	8,117	7,681	7,971
EBITDA Margin	52.79%	56.09%	56.07%	55.58%	53.44%
Depreciation & Amortization	1,817	1,729	1,598	1,589	1,562
EBIT	7,067	7,867	6,519	6,092	6,409
EBIT Margin	42.00%	45.99%	45.03%	44.08%	42.96%

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