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Consolidated Financial Statements

CONSOLIDATED INCOME STATEMENTS

FOR THE YEAR ENDED DECEMBER 31
(IN MILLIONS OF CANADIAN DOLLARS, EXCEPT SHARE AMOUNTS)
NOTE 2012  2011 
Operating revenues3 19,975   19,497 
Operating costs4 (12,092)(11,868)
Severance, acquisition and other costs5 (133)(409)
Depreciation12 (2,674)(2,538)
Amortization13 (714)(723)
Finance costs         
    Interest expense6 (865)(853)
    Interest on post-employment benefit obligations20 (958)(973)
Expected return on post-employment benefit plan assets20 1,069   1,032 
Other income7 270   129 
Earnings before income taxes  3,878   3,294 
Income taxes8 (825)(720)
Net earnings  3,053   2,574 
       
Net earnings attributable to:         
    Common shareholders  2,624   2,221 
    Preferred shareholders  139   119 
    Non-controlling interest  290   234 
Net earnings  3,053   2,574 
       
Net earnings per common share         
    Basic9 3.39   2.88 
    Diluted9 3.39   2.88 
       
Average number of common shares outstanding – basic (millions)  774.3   771.4 

 

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