CNI FY 2021 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

FY 2021 Earnings

Reported February 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$10.6B	—	$10.1B	—	4.8%
Op. Income	$4.1B	—	$3.5B	—	17.6%
Gross Margin	41.9%	—	41.8%	—	0.2pp
Net Margin	33.8%	—	25.7%	—	8.2pp
EPS (Diluted)	$5.04	—	$3.65	—	38.0%
Free Cash Flow	$3.0B	—	$2.4B	—	23.6%

Revenue Flow

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$6.1B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$297M
SG&A Expenses	-$297M
Other Expenses	$628M
Operating Expenses	$331M
Cost & Expenses	$6.5B
OPERATING INCOME	$4.1B
Interest Income	$0
Interest Expense	$446M
Other Income/Expenses	$531M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$1.2B
EBIT	$5.1B
EBITDA	$6.2B
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$6.1B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$297M
SG&A Expenses	-$297M
Other Expenses	$628M
Operating Expenses	$331M
Cost & Expenses	$6.5B
OPERATING INCOME	$4.1B
Interest Income	$0
Interest Expense	$446M
Other Income/Expenses	$531M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$1.2B
EBIT	$5.1B
EBITDA	$6.2B
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$0
Deferred Income Tax	$375M
Other Non-Cash Items	-$136M
Change in Working Capital	$107M
OPERATING CASH FLOW	$5.1B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$29M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	-$286M
Common Stock Repurchased	-$1.2B
Common Dividends Paid	-$1.3B
Other Financing Activities	-$86M
NET CASH FROM FINANCING	-$2.8B
FREE CASH FLOW	$3.0B
Net Change in Cash	$176M

Balance Sheet

Item	Amount
Cash & Equivalents	$612M
Short-Term Investments	$0
Net Receivables	$785M
Inventory	$430M
Other Current Assets	$572M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$30.4B
Goodwill	$51M
Intangible Assets	$102M
Long-Term Investments	$87M
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$33.0B
TOTAL ASSETS	$35.5B
Account Payables	$660M
Short-Term Debt	$371M
Deferred Revenue	$54M
Other Current Liabilities	$93M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$8.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.8B
Other Non-Current Liabilities	$783M
TOTAL NON-CURRENT LIABILITIES	$16.6B
TOTAL LIABILITIES	$18.8B
Common Stock	$2.7B
Additional Paid-In Capital	$290M
Retained Earnings	$15.3B
Treasury Stock	-$75M
Accum. Other Comp. Income	-$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.6B
Minority Interest	$0
TOTAL EQUITY	$16.6B
TOTAL LIABILITIES & EQUITY	$35.5B
Total Debt	$9.4B
Net Debt	$8.8B