CNI FY 2022 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

FY 2022 Earnings

Reported January 31, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$12.5B	—	$10.6B	—	18.2%
Op. Income	$5.0B	—	$4.1B	—	21.8%
Gross Margin	43.2%	—	41.9%	—	1.3pp
Net Margin	29.9%	—	33.8%	—	-3.9pp
EPS (Diluted)	$5.44	—	$5.04	—	7.8%
Free Cash Flow	$2.9B	—	$3.0B	—	-4.0%

Revenue Flow

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$7.1B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$364M
SG&A Expenses	-$364M
Other Expenses	$770M
Operating Expenses	$406M
Cost & Expenses	$7.5B
OPERATING INCOME	$5.0B
Interest Income	$0
Interest Expense	$400M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$1.3B
EBIT	$5.3B
EBITDA	$6.6B
EPS	$7
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$12.5B
Cost of Revenue	$7.1B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	-$364M
SG&A Expenses	-$364M
Other Expenses	$770M
Operating Expenses	$406M
Cost & Expenses	$7.5B
OPERATING INCOME	$5.0B
Interest Income	$0
Interest Expense	$400M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.2B
Net Income from Continuing Ops	$3.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.7B
D&A	$1.3B
EBIT	$5.3B
EBITDA	$6.6B
EPS	$7
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$3.7B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$295M
Other Non-Cash Items	-$126M
Change in Working Capital	-$300M
OPERATING CASH FLOW	$4.9B
Capital Expenditure	-$2.0B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$175M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$3.5B
Common Dividends Paid	-$1.5B
Other Financing Activities	$53M
NET CASH FROM FINANCING	-$3.4B
FREE CASH FLOW	$2.9B
Net Change in Cash	-$371M

Balance Sheet

Item	Amount
Cash & Equivalents	$240M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$506M
Other Current Assets	$434M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$32.2B
Goodwill	$51M
Intangible Assets	$100M
Long-Term Investments	$69M
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$34.7B
TOTAL ASSETS	$37.0B
Account Payables	$697M
Short-Term Debt	$772M
Deferred Revenue	$9M
Other Current Liabilities	$76M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$10.5B
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$7.2B
Other Non-Current Liabilities	$666M
TOTAL NON-CURRENT LIABILITIES	$18.6B
TOTAL LIABILITIES	$21.4B
Common Stock	$2.6B
Additional Paid-In Capital	$278M
Retained Earnings	$14.3B
Treasury Stock	-$124M
Accum. Other Comp. Income	-$1.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.6B
Minority Interest	$0
TOTAL EQUITY	$15.6B
TOTAL LIABILITIES & EQUITY	$37.0B
Total Debt	$11.6B
Net Debt	$11.4B