CNI Q4 2016 Earnings Report — Canadian National Railway Company Revenue & Financial Results | Market Cap Arena

Canadian National Railway CompanyCNI

Q4 2016 Earnings

Reported February 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$2.4B	$2.2B	—	6.7%	—
Op. Income	$1.0B	$1.0B	—	-0.9%	—
Gross Margin	46.8%	48.9%	—	-2.1pp	—
Net Margin	31.6%	32.2%	—	-0.6pp	—
EPS (Diluted)	$0.97	$0.91	—	5.6%	—
Free Cash Flow	$521M	$437M	—	19.1%	—

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$81M
Operating Expenses	$81M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$90M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$997M
Income Tax Expense	$252M
Net Income from Continuing Ops	$745M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$745M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$745M
D&A	$227M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$81M
Operating Expenses	$81M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$90M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$997M
Income Tax Expense	$252M
Net Income from Continuing Ops	$745M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$745M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$745M
D&A	$227M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$745M
Depreciation & Amortization	$227M
Stock-Based Compensation	$0
Deferred Income Tax	$176M
Other Non-Cash Items	-$105M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$487M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$50M
NET CASH FROM INVESTING	-$437M
Net Debt Issuance	-$28M
Common Stock Repurchased	-$371M
Common Dividends Paid	-$210M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$605M
FREE CASH FLOW	$521M
Net Change in Cash	-$29M

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