Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 97

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 97
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 Investments and long-term receivables included amounts from related parties (note 16). 266 283 (c)    Long-term debt included amounts to related parties (note 16). 3,447 3,447 (d)    Number of common shares authorized (millions) (note 10). 1,100 1,100 Number of common shares outstanding (millions) (note 10). 509 536 The information in the notes to consolidated financial statements is an integral part of these statements. 

Approved by the directors. 

/s/ Bradley W. Corson/s/ Daniel E. LyonsBradley W. CorsonDaniel E. LyonsChairman, president andSenior vice-presidentchief executive officerfinance and administration, and controller

77

Consolidated statement of shareholders’ equity (U.S. GAAP) 

millions of Canadian dollarsAt December 312024 2023 2022 Common shares at stated value (note 10)   At beginning of year992 1,079 1,252 Share purchases at stated value(50)(87)(173)At end of year942 992 1,079  Earnings reinvested   At beginning of year21,907 21,846 21,660 Net income (loss) for the year4,790 4,889 7,340 Share purchases in excess of stated value(2,685)(3,713)(6,222)Dividends declared(1,267)(1,115)(932)At end of year22,745 21,907 21,846  Accumulated other comprehensive income (loss) (note 17)   At beginning of year(677)(512)(1,177)Other comprehensive income (loss)463 (165)665 At end of year(214)(677)(512) Shareholders’ equity at end of year23,473 22,222 22,413 The information in the notes to consolidated financial statements is an integral part of these statements. 

78

Consolidated statement of cash flows (U.S. GAAP) 

millions of Canadian dollarsFor the years ended December 312024 2023 2022 Operating activities   Net income (loss)4,790 4,889 7,340 Adjustments for non-cash items:   Depreciation and depletion1,983 1,907 1