CNI FY 2016 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

FY 2016 Earnings

Reported February 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$8.8B	—	$9.2B	—	-4.6%
Op. Income	$3.7B	—	$3.9B	—	-4.4%
Gross Margin	44.8%	—	44.9%	—	-0.1pp
Net Margin	30.2%	—	28.1%	—	2.2pp
EPS (Diluted)	$3.42	—	$3.21	—	6.4%
Free Cash Flow	$1.8B	—	$1.8B	—	3.0%

Revenue Flow

Item	Amount
REVENUE	$8.8B
Cost of Revenue	$4.9B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$205M
SG&A Expenses	-$205M
Other Expenses	$266M
Operating Expenses	$61M
Cost & Expenses	$4.9B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$351M
Other Income/Expenses	-$77M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$941M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$896M
EBIT	$4.0B
EBITDA	$4.9B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.8B
Cost of Revenue	$4.9B
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$205M
SG&A Expenses	-$205M
Other Expenses	$266M
Operating Expenses	$61M
Cost & Expenses	$4.9B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$351M
Other Income/Expenses	-$77M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$941M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$896M
EBIT	$4.0B
EBITDA	$4.9B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$896M
Stock-Based Compensation	$0
Deferred Income Tax	$515M
Other Non-Cash Items	-$243M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$2.0B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$29M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$505M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$848M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$0
Net Receivables	$640M
Inventory	$266M
Other Current Assets	$507M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$24.7B
Goodwill	$0
Intangible Assets	$49M
Long-Term Investments	$50M
Tax Assets	$0
Other Non-Current Assets	$775M
TOTAL NON-CURRENT ASSETS	$25.6B
TOTAL ASSETS	$27.1B
Account Payables	$354M
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$238M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$6.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.1B
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$16.2B
Common Stock	$2.7B
Additional Paid-In Capital	$266M
Retained Earnings	$9.7B
Treasury Stock	-$100M
Accum. Other Comp. Income	-$1.8B
Other Equity	$100M
TOTAL STOCKHOLDERS' EQUITY	$10.9B
Minority Interest	$0
TOTAL EQUITY	$10.9B
TOTAL LIABILITIES & EQUITY	$27.1B
Total Debt	$8.0B
Net Debt	$7.9B