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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000016875-18-000053
Period End Date 20180331
Filing Date 20180419
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance q12018quarterlyreport-_htm.xml
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 338.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 125.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 699.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 687.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 154.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 152.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 97.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 139.00M CAD Point-in-time
Total current assets AssetsCurrent 1.12B CAD Point-in-time
Total current assets AssetsCurrent 1.27B CAD Point-in-time
Investments Investments 182.00M CAD Point-in-time
Investments Investments 186.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 17.23B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 17.02B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 192.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 187.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.51B CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.41B CAD Point-in-time
Other assets OtherAssetsNoncurrent 69.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 82.00M CAD Point-in-time
Total assets Assets 20.14B CAD Point-in-time
Total assets Assets 20.32B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.24B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.18B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 756.00M CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 746.00M CAD Point-in-time
Total current liabilities LiabilitiesCurrent 1.98B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 1.94B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 749.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 749.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 231.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 205.00M CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 7.41B CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 7.60B CAD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent 3.32B CAD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent 3.39B CAD Point-in-time
Total liabilities Liabilities 13.70B CAD Point-in-time
Total liabilities Liabilities 13.88B CAD Point-in-time
Share capital CommonStockValue 2.03B CAD Point-in-time
Share capital CommonStockValue 2.02B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 43.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 45.00M CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.71B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.77B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.74B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.80B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 6.07B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 6.10B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.44B CAD Point-in-time
Total shareholders' equity StockholdersEquity 5.04B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.43B CAD Point-in-time
Total shareholders' equity StockholdersEquity 4.63B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 20.32B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 20.14B CAD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Freight CargoAndFreightRevenue 1.62B CAD 1 Quarter
Freight CargoAndFreightRevenue 1.56B CAD 1 Quarter
Non-freight OtherSalesRevenueNet 37.00M CAD 1 Quarter
Non-freight OtherSalesRevenueNet 40.00M CAD 1 Quarter
Total revenues Revenues 1.60B CAD 1 Quarter
Total revenues Revenues 1.66B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 374.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 300.00M CAD 1 Quarter
Fuel FuelCosts 215.00M CAD 1 Quarter
Fuel FuelCosts 170.00M CAD 1 Quarter
Materials CostOfServicesDirectMaterials 55.00M CAD 1 Quarter
Materials CostOfServicesDirectMaterials 49.00M CAD 1 Quarter
Equipment rents EquipmentRents 33.00M CAD 1 Quarter
Equipment rents EquipmentRents 36.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 166.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 170.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 275.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 278.00M CAD 1 Quarter
Total operating expenses OperatingExpenses 1.12B CAD 1 Quarter
Total operating expenses OperatingExpenses 999.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 604.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 540.00M CAD 1 Quarter
Other income and charges NonoperatingIncomeExpense 28.00M CAD 1 Quarter
Other income and charges NonoperatingIncomeExpense -51.00M CAD 1 Quarter
Other components of net periodic benefit (recovery) cost Totalothercomponentsofnetperiodicbenefitrecoverycost -96.00M CAD 1 Quarter
Other components of net periodic benefit (recovery) cost Totalothercomponentsofnetperiodicbenefitrecoverycost -67.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -115.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -120.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 579.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 470.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 148.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 122.00M CAD 1 Quarter
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 431.00M CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 2.41 CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 2.94 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 2.41 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 2.93 CAD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 144.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 146.50M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 144.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 147.10M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.50 CAD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.56 CAD 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 431.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 166.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 170.00M CAD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit 41.00M CAD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit 67.00M CAD 1 Quarter
Pension funding in excess of expense PensionExpenseReversalOfExpenseNoncash -60.00M CAD 1 Quarter
Pension funding in excess of expense PensionExpenseReversalOfExpenseNoncash -72.00M CAD 1 Quarter
Foreign exchange loss (gain) on long-term debt ForeignExchangeGainLossOnLongTermDebt -49.00M CAD 1 Quarter
Foreign exchange loss (gain) on long-term debt ForeignExchangeGainLossOnLongTermDebt 28.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -21.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -85.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations OtherNoncashIncomeExpense 180.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations OtherNoncashIncomeExpense 118.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 397.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 311.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 230.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 241.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 4.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 3.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities -5.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities 1.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -238.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -222.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 82.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 73.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 28.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 298.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 0.00 CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 5.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 5.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -377.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -50.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents -2.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents 5.00M CAD 1 Quarter
(Decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect -213.00M CAD 1 Quarter
(Decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 37.00M CAD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 164.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 125.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 338.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 201.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 164.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 125.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 338.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 201.00M CAD Point-in-time
Income taxes paid IncomeTaxesPaidNet 104.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 170.00M CAD 1 Quarter
Interest paid InterestPaid 150.00M CAD 1 Quarter
Interest paid InterestPaid 143.00M CAD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Beginning balance (shares) CommonStockSharesOutstanding 146.70M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 143.70M shares Point-in-time
Beginning balance StockholdersEquity 6.44B CAD Point-in-time
Beginning balance StockholdersEquity 5.04B CAD Point-in-time
Beginning balance StockholdersEquity 6.43B CAD Point-in-time
Beginning balance StockholdersEquity 4.63B CAD Point-in-time
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 431.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 36.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 30.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 81.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 73.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue -3.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 4.00M CAD 1 Quarter
Common Shares repurchased StockRepurchasedDuringPeriodValue 318.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 27.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 8.00M CAD 1 Quarter
Ending balance (shares) CommonStockSharesOutstanding 146.70M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 143.70M shares Point-in-time
Ending balance StockholdersEquity 6.44B CAD Point-in-time
Ending balance StockholdersEquity 5.04B CAD Point-in-time
Ending balance StockholdersEquity 6.43B CAD Point-in-time
Ending balance StockholdersEquity 4.63B CAD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 431.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -20.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent 5.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent 5.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent 21.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -29.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -38.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 48.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 30.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 -18.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 6.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 36.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 30.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 384.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 461.00M CAD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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