Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	35,968	42,298	30,057	16,893	22,871
Revenue Growth (YoY)	-14.97%	40.73%	77.93%	-26.14%	8.77%
Cost of Revenue	17,782	18,685	13,756	10,778	10,976
Gross Profit	18,186	23,613	16,301	6,115	11,895
Selling, General & Admin	452	415	366	391	344
Other Operating Expenses	7,268	8,403	5,581	5,945	6,036
Operating Expenses	7,720	8,818	5,947	6,336	6,380
Operating Income	10,466	14,795	10,354	-221	5,515
Interest Expense / Income	636	549	711	756	836
Other Expense / Income	-335	542	-268	-104	-277
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)	2,175	2,219	2,351	2,374	2,404
Shares Change	-1.99%	-5.64%	-0.94%	-1.25%	-1.71%
EPS (Basic)	3.77	4.82	3.25	-0.18	2.27
EPS (Diluted)	3.73	4.76	3.23	-0.18	2.27
EPS Growth	-21.53%	47.37%	-	-	114.15%
Free Cash Flow	7,444	14,255	9,985	2,154	5,221
Free Cash Flow Per Share	3.42	6.42	4.25	0.91	2.17
Dividend Per Share	1.367	1.759	0.799	0.623	0.553
Dividend Growth	-22.29%	120.15%	28.25%	12.66%	8.22%
Gross Margin	50.56%	55.83%	54.23%	36.20%	52.01%
Operating Margin	29.10%	34.98%	34.45%	-1.31%	24.11%
Profit Margin	22.89%	25.86%	25.50%	-2.58%	23.68%
Free Cash Flow Margin	20.70%	33.70%	33.22%	12.75%	22.83%
Effective Tax Rate	19.01%	20.19%	22.67%	-	-9.28%
EBITDA	17,214	21,606	16,346	5,929	11,338
EBITDA Margin	47.86%	51.08%	54.38%	35.10%	49.57%
Depreciation & Amortization	6,413	7,353	5,724	6,046	5,546
EBIT	10,801	14,253	10,622	-117	5,792
EBIT Margin	30.03%	33.70%	35.34%	-0.69%	25.32%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).