CNI FY 2018 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

FY 2018 Earnings

Reported February 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$10.5B	—	$9.5B	—	9.8%
Op. Income	$4.0B	—	$3.8B	—	4.8%
Gross Margin	41.6%	—	43.5%	—	-1.9pp
Net Margin	30.2%	—	42.1%	—	-11.8pp
EPS (Diluted)	$4.29	—	$5.29	—	-18.9%
Free Cash Flow	$1.7B	—	$2.1B	—	-16.0%

Revenue Flow

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$6.1B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$221M
SG&A Expenses	-$221M
Other Expenses	$343M
Operating Expenses	$122M
Cost & Expenses	$6.2B
OPERATING INCOME	$4.0B
Interest Income	$0
Interest Expense	$357M
Other Income/Expenses	$138M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$989M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$971M
EBIT	$4.5B
EBITDA	$5.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$10.5B
Cost of Revenue	$6.1B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$221M
SG&A Expenses	-$221M
Other Expenses	$343M
Operating Expenses	$122M
Cost & Expenses	$6.2B
OPERATING INCOME	$4.0B
Interest Income	$0
Interest Expense	$357M
Other Income/Expenses	$138M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$989M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$971M
EBIT	$4.5B
EBITDA	$5.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$971M
Stock-Based Compensation	$0
Deferred Income Tax	$385M
Other Non-Cash Items	-$327M
Change in Working Capital	$133M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$2.6B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$93M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$712M
Common Stock Repurchased	-$1.5B
Common Dividends Paid	-$974M
Other Financing Activities	$77M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.7B
Net Change in Cash	$151M

Balance Sheet

Item	Amount
Cash & Equivalents	$194M
Short-Term Investments	$0
Net Receivables	$854M
Inventory	$407M
Other Current Assets	$538M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$27.6B
Goodwill	$0
Intangible Assets	$53M
Long-Term Investments	$51M
Tax Assets	$0
Other Non-Current Assets	$417M
TOTAL NON-CURRENT ASSETS	$28.1B
TOTAL ASSETS	$30.1B
Account Payables	$718M
Short-Term Debt	$865M
Deferred Revenue	$2M
Other Current Liabilities	$333M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$8.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.4B
TOTAL NON-CURRENT LIABILITIES	$14.7B
TOTAL LIABILITIES	$17.2B
Common Stock	$2.7B
Additional Paid-In Capital	$298M
Retained Earnings	$12.1B
Treasury Stock	-$128M
Accum. Other Comp. Income	-$2.2B
Other Equity	$128M
TOTAL STOCKHOLDERS' EQUITY	$12.9B
Minority Interest	$0
TOTAL EQUITY	$12.9B
TOTAL LIABILITIES & EQUITY	$30.1B
Total Debt	$9.2B
Net Debt	$9.0B