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Consolidated statement of income - CAD
CAD in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income        
Operating revenues [1],[2] CAD 6,225 [3] CAD 7,272 [3] CAD 11,399 [4] CAD 13,442 [4]
Investment and other income (note 3) 23 29 71 62
Total revenues and other income 6,248 7,301 11,470 13,504
Expenses        
Exploration (note 11) 42 16 59 33
Purchases of crude oil and products [5] 4,041 4,295 7,027 7,600
Production and manufacturing [6] 1,310 1,395 2,581 2,754
Selling and general [6] 267 272 537 536
Federal excise tax [2] 415 387 [7] 803 [7] 764
Depreciation and depletion 407 335 831 652
Financing costs (note 5) 18 5 33 8
Total expenses 6,500 6,705 11,871 12,347
Income (loss) before income taxes (252) 596 (401) 1,157
Income taxes (71) 476 (119) 616
Net income (loss) CAD (181) CAD 120 CAD (282) CAD 541
Per-share information (Canadian dollars)        
Net income (loss) per common share - basic (note 8) CAD (0.21) CAD 0.14 CAD (0.33) CAD 0.64
Net income (loss) per common share - diluted (note 8) (0.21) 0.14 (0.33) 0.64
Dividends per common share CAD 0.15 CAD 0.13 CAD 0.29 CAD 0.26
[1] Amounts from related parties included in operating revenues.*
[2] Federal excise tax included in operating revenues.
[3] Included export sales to the United States of $966 million (2015 - $1,362 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[4] Included export sales to the United States of $1,763 million (2015 - $2,163 million). Export sales to the United States were recorded in all operating segments, with the largest effects in the Upstream segment.
[5] Amounts to related parties included in purchases of crude oil and products.*
[6] Amounts to related parties included in production and manufacturing, and selling and general expenses.
[7] Note: Restated 2015.