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Consolidated Statement Of Income (U.S. GAAP) (CAD) In Millions, except Per Share data, unless otherwise specified | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011
Revenues and other income |  |  |  |  |  |
Operating revenues | 32,722 | [1],[2],[3] | 31,053 | [1],[2],[3] | 30,474 | [1],[2],[3]
Investment and other income (note 8) | 207 |  | 135 |  | 240 |
Total revenues and other income | 32,929 |  | 31,188 |  | 30,714 |
Expenses |  |  |  |  |  |
Exploration | 123 |  | 83 |  | 92 |
Purchases of crude oil and products | 20,155 | [4] | 18,476 | [4] | 18,847 | [4]
Production and manufacturing | 5,288 | [5],[6] | 4,457 | [5],[6] | 4,114 | [5],[6]
Selling and general | 1,082 |  | 1,081 |  | 1,168 |
Federal excise tax | 1,423 | [1] | 1,338 | [1] | 1,320 | [1]
Depreciation and depletion | 1,110 | [6] | 761 | [6] | 764 | [6]
Financing costs (note 12) | 11 | [7] | (1) | [7] | 3 | [7]
Total expenses | 29,192 |  | 26,195 |  | 26,308 |
Income before income taxes | 3,737 |  | 4,993 |  | 4,406 |
Income taxes (note 3) | 909 | [8] | 1,227 | [8] | 1,035 | [8]
Net income | 2,828 |  | 3,766 |  | 3,371 |
Per-share information (Canadian dollars) |  |  |  |  |  |
Net income per common share - basic (note 10) | 3.34 |  | 4.44 |  | 3.98 |
Net income per common share - diluted (note 10) | 3.32 |  | 4.42 |  | 3.95 |
Dividends | 0.49 |  | 0.48 |  | 0.44 |
[1] | Operating revenues include federal excise tax of $1,423 million (2012 - $1,338 million, 2011 - $1,320 million).
[2] | Operating revenues include amounts from related parties of $2,385 million (2012 - $2,907 million, 2011 - $2,818 million), (note 16).
[3] | Includes export sales to the United States of $5,217 million (2012 - $4,358 million, 2011 - $4,175 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4] | Purchases of crude oil and products include amounts from related parties of $4,104 million (2012 - $3,033 million, 2011 - $3,636 million), (note 16).
[5] | Production and manufacturing expenses include amounts to related parties of $319 million (2012 - $241 million, 2011 - $217 million), (note 16).
[6] | A 2013 charge in the Downstream segment of $377 million ($280 million, after-tax) associated with the company's decision to convert the Dartmouth refinery to a terminal included the write-down of refinery plant and equipment not included in the terminal conversion of $245 million, reported as part of depreciation and depletion expenses, and decommissioning, environmental and employee-related costs of $132 million, reported as part of production and manufacturing expenses. By the end of 2013, amounts incurred associated with decommissioning, environmental and employee-related costs totalled $40 million.
[7] | Cash interest payments in 2013 were $69 million (2012 - $20 million, 2011 - $16 million). The weighted average interest rate on short-term borrowings in 2013 was 1.1 percent (2012 - 1.1 percent).
[8] | Cash outflow from income taxes, plus investment credits earned, was $911 million in 2013 (2012 - $871 million, 2011 - $667 million).

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