Canadian National Railway Company (TSX:CNR)

H&E Equipment Services Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	216	389	475	328	838	569
Cash & Short-Term Investments	217	389	475	328	838	569
Cash Growth	-35.22%	-18.11%	44.82%	-60.86%	47.28%	789.06%
Accounts Receivable	1,131	1,164	1,300	1,371	1,074	1,054
Other Receivables	-	143	-	46	-	85
Receivables	1,131	1,307	1,300	1,417	1,074	1,139
Inventory	817	720	699	692	589	583
Prepaid Expenses	-	113	133	186	142	148
Restricted Cash	424	12	449	506	503	531
Other Current Assets	278	78	33	88	280	132
Total Current Assets	2,867	2,619	3,089	3,217	3,426	3,102
Property, Plant & Equipment	48,027	46,777	43,493	42,493	40,170	39,119
Long-Term Investments	-	428	402	94	119	83
Goodwill	-	71	70	70	70	70
Other Intangible Assets	484	1,796	1,679	1,651	1,592	1,530
Long-Term Deferred Tax Assets	629	689	682	-	-	-
Long-Term Deferred Charges	-	118	83	66	59	64
Other Long-Term Assets	4,769	4,569	3,168	3,071	3,102	836
Total Assets	56,776	57,067	52,666	50,662	48,538	44,804
Accounts Payable	2,237	1,031	968	954	903	780
Accrued Expenses	-	1,084	1,007	1,079	954	864
Current Portion of Long-Term Debt	1,157	1,165	2,309	1,056	501	840
Current Portion of Leases	115	135	148	126	115	177
Current Income Taxes Payable	-	327	310	388	309	223
Current Unearned Revenue	-	5	13	12	74	115
Other Current Liabilities	-	229	280	227	264	275
Total Current Liabilities	3,509	3,976	5,035	3,842	3,120	3,274
Long-Term Debt	19,329	19,722	16,126	14,363	11,974	11,992
Long-Term Leases	334	349	305	350	325	315
Long-Term Unearned Revenue	-	186	82	16	-	85
Long-Term Deferred Tax Liabilities	10,875	10,874	10,066	9,796	9,303	8,271
Other Long-Term Liabilities	721	426	440	425	427	449
Total Liabilities	35,240	36,016	32,549	29,278	25,794	25,153
Common Stock	3,510	3,474	3,512	3,613	3,704	3,698
Additional Paid-In Capital	389	372	373	381	397	379
Retained Earnings	19,200	18,354	18,655	19,529	20,987	19,161
Comprehensive Income & Other	-1,563	-1,149	-2,423	-2,139	-2,344	-3,587
Shareholders' Equity	21,536	21,051	20,117	21,384	22,744	19,651
Total Liabilities & Equity	56,776	57,067	52,666	50,662	48,538	44,804
Total Debt	20,935	21,371	18,888	15,895	12,915	13,324
Net Cash (Debt)	-20,718	-20,982	-18,413	-15,567	-12,077	-12,755
Net Cash Per Share	-32.93	-33.07	-27.94	-22.62	-17.00	-17.89
Filing Date Shares Outstanding	624.2	627.3	640.7	668.5	699.8	710.3
Total Common Shares Outstanding	625.4	627.9	642.7	671	700.9	710.3
Working Capital	-642	-1,357	-1,946	-625	306	-172
Book Value Per Share	34.44	33.53	31.30	31.87	32.45	27.67
Tangible Book Value	21,052	19,184	18,368	19,663	21,082	18,051
Tangible Book Value Per Share	33.66	30.55	28.58	29.30	30.08	25.41
Land	-	2,682	2,497	2,483	2,308	2,316
Buildings	-	2,425	2,227	2,175	2,016	2,020
Machinery	-	9,470	8,516	8,221	7,756	7,604

Source: S&P Global Market Intelligence. Standard template. Financial Sources.