1. Prepare and interpret financial statements in Horizontal & Vertical form

2. Compute and interpret financial ratios used to measure common shareholders well-being.

3. Compute and interpret financial ratios used to measure short-term creditors well-being

4. Compute and interpret financial ratios used to measure long-term creditors well-being Please no photos

Financial information (U.S. GAAP) millions of Canadian dollars Revenues 2019 34,002 2018 34,964 2017 29,125 2016 25,049 2015 26,756 Net income (loss): Upstream Downstream Chemical Corporate and other Net income (loss) 1,348 961 108 (217) 2,200 (138) 2,366 275 (189) 2,314 (706) 1,040 235 (79) (661) 2,754 187 (115) 2,165 (704) 1,586 287 (47) 1,122 490 Cash and cash equivalents at year-end Total assets at year-end 1,718 42,187 988 41,456 1,195 41,601 391 41,654 203 43,170 Long-term debt at year-end Total debt at year-end Other long-term obligations at year-end 4,961 5,190 3,637 4,978 5,180 2,943 5,005 5,207 3,780 5,032 5,234 3,656 6,564 8,516 3,597 Shareholders' equity at year-end Cash flow from operating activities 24,276 4,429 24,489 3,922 24,435 2,763 25,021 2,015 23,425 2,167 Per share information (Canadian dollars) Net income (loss) per common share - basic Net income (loss) per common share - diluted Dividends per common share - declared 2.88 2.88 0.85 2.87 2.86 0.73 0.58 0.58 0.63 2.55 2.55 0.59 1.32 1.32 0.54 2019 2018 2017 millions of Canadian dollars Business uses: asset and liability perspective Total assets Less: Total current liabilities excluding notes and loans payable Total long-term liabilities excluding long-term debt Add: Imperial's share of equity company debt Total capital employed 42,187 (4,366) (8,355) 24 29,490 41,456 (3,753) (8,034) 23 29,692 41,601 (3,934) (8,025) 19 29,661 Total company sources: Debt and equity perspective Notes and loans payable Long-term debt Shareholders' equity Add: Imperial's share of equity company debt Total capital employed 229 4,961 24,276 24 29,490 202 4,978 24,489 23 29,692 202 5,005 24,435 19 29,661 millions of Canadian dollars Net income Financing (after-tax), including Imperial's share of equity companies Net income excluding financing 2019 2,200 66 2,266 2018 2,314 77 2,391 2017 490 48 538 Average capital employed Return on average capital employed (percent) - corporate total 29,591 7.7 29,677 8.1 29,967 1.8 millions of Canadian dollars Cash flows from operating activities Proceeds from asset sales Total cash flows from operating activities and asset sales 2019 4,429 82 4,511 2018 3,922 59 3,981 2017 2.763 232 2,995 2019 2018 2017 32,055 32,026 28,842 millions of Canadian dollars From Imperial's Consolidated statement of income Total expenses Less: Purchases of crude oil and products Federal excise tax and fuel charge Financing Subtotal Imperial's share of equity company expenses Total operating costs 20,946 1,808 93 22,847 76 9,284 21,541 1,667 108 23,316 74 8,784 18,145 1,673 78 19,896 62 9,008 Components of operating costs 2019 2018 2017 millions of Canadian dollars From Imperial's Consolidated statement of income Production and manufacturing Selling and general Depreciation and depletion Non-service pension and postretirement benefit Exploration Subtotal Imperial's share of equity company expenses Total operating costs 6,520 900 1,598 143 47 9,208 76 9,284 6,121 908 1,555 107 19 8,710 74 8.784 5,586 883 2,172 122 183 8,946 62 9,008 Financial information (U.S. GAAP) millions of Canadian dollars Revenues 2019 34,002 2018 34,964 2017 29,125 2016 25,049 2015 26,756 Net income (loss): Upstream Downstream Chemical Corporate and other Net income (loss) 1,348 961 108 (217) 2,200 (138) 2,366 275 (189) 2,314 (706) 1,040 235 (79) (661) 2,754 187 (115) 2,165 (704) 1,586 287 (47) 1,122 490 Cash and cash equivalents at year-end Total assets at year-end 1,718 42,187 988 41,456 1,195 41,601 391 41,654 203 43,170 Long-term debt at year-end Total debt at year-end Other long-term obligations at year-end 4,961 5,190 3,637 4,978 5,180 2,943 5,005 5,207 3,780 5,032 5,234 3,656 6,564 8,516 3,597 Shareholders' equity at year-end Cash flow from operating activities 24,276 4,429 24,489 3,922 24,435 2,763 25,021 2,015 23,425 2,167 Per share information (Canadian dollars) Net income (loss) per common share - basic Net income (loss) per common share - diluted Dividends per common share - declared 2.88 2.88 0.85 2.87 2.86 0.73 0.58 0.58 0.63 2.55 2.55 0.59 1.32 1.32 0.54 2019 2018 2017 millions of Canadian dollars Business uses: asset and liability perspective Total assets Less: Total current liabilities excluding notes and loans payable Total long-term liabilities excluding long-term debt Add: Imperial's share of equity company debt Total capital employed 42,187 (4,366) (8,355) 24 29,490 41,456 (3,753) (8,034) 23 29,692 41,601 (3,934) (8,025) 19 29,661 Total company sources: Debt and equity perspective Notes and loans payable Long-term debt Shareholders' equity Add: Imperial's share of equity company debt Total capital employed 229 4,961 24,276 24 29,490 202 4,978 24,489 23 29,692 202 5,005 24,435 19 29,661 millions of Canadian dollars Net income Financing (after-tax), including Imperial's share of equity companies Net income excluding financing 2019 2,200 66 2,266 2018 2,314 77 2,391 2017 490 48 538 Average capital employed Return on average capital employed (percent) - corporate total 29,591 7.7 29,677 8.1 29,967 1.8 millions of Canadian dollars Cash flows from operating activities Proceeds from asset sales Total cash flows from operating activities and asset sales 2019 4,429 82 4,511 2018 3,922 59 3,981 2017 2.763 232 2,995 2019 2018 2017 32,055 32,026 28,842 millions of Canadian dollars From Imperial's Consolidated statement of income Total expenses Less: Purchases of crude oil and products Federal excise tax and fuel charge Financing Subtotal Imperial's share of equity company expenses Total operating costs 20,946 1,808 93 22,847 76 9,284 21,541 1,667 108 23,316 74 8,784 18,145 1,673 78 19,896 62 9,008 Components of operating costs 2019 2018 2017 millions of Canadian dollars From Imperial's Consolidated statement of income Production and manufacturing Selling and general Depreciation and depletion Non-service pension and postretirement benefit Exploration Subtotal Imperial's share of equity company expenses Total operating costs 6,520 900 1,598 143 47 9,208 76 9,284 6,121 908 1,555 107 19 8,710 74 8.784 5,586 883 2,172 122 183 8,946 62 9,008