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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000016875-19-000032
Period End Date 20190331
Filing Date 20190424
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance q12019quarterlyreport-_htm.xml
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 352.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 61.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 815.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 744.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 182.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 173.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 98.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 68.00M CAD Point-in-time
Total current assets AssetsCurrent 1.38B CAD Point-in-time
Total current assets AssetsCurrent 1.12B CAD Point-in-time
Investments Investments 203.00M CAD Point-in-time
Investments Investments 201.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 18.31B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 18.42B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 198.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 202.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.35B CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.24B CAD Point-in-time
Other assets OtherAssetsNoncurrent 471.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 71.00M CAD Point-in-time
Total assets Assets 21.91B CAD Point-in-time
Total assets Assets 21.25B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.31B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.45B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 496.00M CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 506.00M CAD Point-in-time
Total current liabilities LiabilitiesCurrent 1.81B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 1.96B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 718.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 714.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 598.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 237.00M CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 8.19B CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 8.43B CAD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent 3.52B CAD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent 3.55B CAD Point-in-time
Total liabilities Liabilities 15.10B CAD Point-in-time
Total liabilities Liabilities 14.62B CAD Point-in-time
Share capital CommonStockValue 2.00B CAD Point-in-time
Share capital CommonStockValue 2.00B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 42.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 46.00M CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.03B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.04B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.74B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -1.71B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 6.63B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 6.80B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.81B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.44B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.64B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.43B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 21.91B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 21.25B CAD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Total revenues Revenues 1.66B CAD 1 Quarter
Total revenues Revenues 1.77B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 374.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 406.00M CAD 1 Quarter
Fuel FuelCosts 215.00M CAD 1 Quarter
Fuel FuelCosts 209.00M CAD 1 Quarter
Materials CostDirectMaterial 57.00M CAD 1 Quarter
Materials CostDirectMaterial 55.00M CAD 1 Quarter
Equipment rents EquipmentRents 33.00M CAD 1 Quarter
Equipment rents EquipmentRents 35.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 160.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 170.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 357.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 275.00M CAD 1 Quarter
Total operating expenses OperatingExpenses 1.12B CAD 1 Quarter
Total operating expenses OperatingExpenses 1.22B CAD 1 Quarter
Operating income OperatingIncomeLoss 543.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 540.00M CAD 1 Quarter
Other (income) expense NonoperatingIncomeExpense -51.00M CAD 1 Quarter
Other (income) expense NonoperatingIncomeExpense 47.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -96.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -97.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -115.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -114.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 573.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 470.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 139.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 122.00M CAD 1 Quarter
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 3.10 CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 2.41 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 3.09 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 2.41 CAD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 144.40M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 140.10M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 144.80M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 140.50M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.65 CAD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.56 CAD 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 160.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 170.00M CAD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit 38.00M CAD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit 41.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -88.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -72.00M CAD 1 Quarter
Foreign exchange (gain) loss on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities -49.00M CAD 1 Quarter
Foreign exchange (gain) loss on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities 45.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -21.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement 45.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet 131.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet 118.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 413.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 397.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 241.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 224.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 6.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 4.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 1.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 1.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -238.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -219.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 82.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 91.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 4.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 298.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 207.00M CAD 1 Quarter
Issuance of long-term debt, excluding commercial paper ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 0.00 CAD 1 Quarter
Issuance of long-term debt, excluding commercial paper ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 397.00M 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) provided by financing activities NetCashProvidedByUsedInFinancingActivities -377.00M CAD 1 Quarter
Cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities 98.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents 5.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents -1.00M CAD 1 Quarter
Increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect -213.00M CAD 1 Quarter
Increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 291.00M CAD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 352.00M 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 61.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 338.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 352.00M 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 61.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 338.00M CAD Point-in-time
Income taxes paid IncomeTaxesPaidNet 149.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 104.00M CAD 1 Quarter
Interest paid InterestPaid 143.00M CAD 1 Quarter
Interest paid InterestPaid 149.00M CAD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity 6.81B CAD Point-in-time
Beginning balance StockholdersEquity 6.44B CAD Point-in-time
Beginning balance StockholdersEquity 6.64B CAD Point-in-time
Beginning balance StockholdersEquity 6.43B CAD Point-in-time
Net income NetIncomeLoss 348.00M CAD 1 Quarter
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 36.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 91.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 81.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 4.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 5.00M CAD 1 Quarter
Common Shares repurchased StockRepurchasedDuringPeriodValue 185.00M CAD 1 Quarter
Common Shares repurchased StockRepurchasedDuringPeriodValue 318.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 4.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 8.00M CAD 1 Quarter
Ending balance StockholdersEquity 6.81B CAD Point-in-time
Ending balance StockholdersEquity 6.44B CAD Point-in-time
Ending balance StockholdersEquity 6.64B CAD Point-in-time
Ending balance StockholdersEquity 6.43B 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 434.00M CAD 1 Quarter
Net gain (loss) in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Net gain (loss) in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -20.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent 2.00M 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 -20.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -29.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 30.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 38.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 -6.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 22.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 36.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 450.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 384.00M CAD 1 Quarter

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

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