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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000016875-20-000014
Period End Date 20200331
Filing Date 20200422
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance q12020quarterlyreport-_htm.xml
Balance Sheet 53 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 247.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 133.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 805.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 885.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 177.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 182.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 90.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 98.00M CAD Point-in-time
Total current assets AssetsCurrent 1.41B CAD Point-in-time
Total current assets AssetsCurrent 1.21B CAD Point-in-time
Investments Investments 341.00M CAD Point-in-time
Investments Investments 369.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 19.16B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 19.90B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 223.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 206.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.11B CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.00B CAD Point-in-time
Other assets OtherAssetsNoncurrent 451.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 478.00M CAD Point-in-time
Total assets Assets 22.37B CAD Point-in-time
Total assets Assets 23.49B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.53B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.69B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 266.00M CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 599.00M CAD Point-in-time
Total current liabilities LiabilitiesCurrent 1.79B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 2.29B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 790.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 785.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 541.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 562.00M CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 9.80B CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 8.16B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 3.60B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 3.50B CAD Point-in-time
Total liabilities Liabilities 16.53B CAD Point-in-time
Total liabilities Liabilities 15.30B CAD Point-in-time
Share capital CommonStockValue 1.99B CAD Point-in-time
Share capital CommonStockValue 1.99B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 51.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 48.00M 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 -2.48B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.52B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 7.55B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 7.40B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.96B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.81B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.07B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 23.49B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 22.37B CAD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Total revenues Revenues 2.04B CAD 1 Quarter
Total revenues Revenues 1.77B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 406.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 398.00M CAD 1 Quarter
Fuel FuelCosts 209.00M CAD 1 Quarter
Fuel FuelCosts 212.00M CAD 1 Quarter
Materials CostDirectMaterial 57.00M CAD 1 Quarter
Materials CostDirectMaterial 59.00M CAD 1 Quarter
Equipment rents EquipmentRents 35.00M CAD 1 Quarter
Equipment rents EquipmentRents 36.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 192.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 160.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 357.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 312.00M CAD 1 Quarter
Total operating expenses OperatingExpenses 1.21B CAD 1 Quarter
Total operating expenses OperatingExpenses 1.22B CAD 1 Quarter
Operating income OperatingIncomeLoss 834.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 543.00M CAD 1 Quarter
Other expense (income) NonoperatingIncomeExpense -211.00M CAD 1 Quarter
Other expense (income) NonoperatingIncomeExpense 47.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -85.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -97.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -114.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -114.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 573.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 594.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 185.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 139.00M CAD 1 Quarter
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 3.10 CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 2.99 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 2.98 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 3.09 CAD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 140.10M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 136.70M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 137.20M 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 0.83 CAD 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 192.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 160.00M CAD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit 38.00M CAD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit 39.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -88.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -65.00M CAD 1 Quarter
Foreign exchange loss (gain) on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities 215.00M CAD 1 Quarter
Foreign exchange loss (gain) on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities -45.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement 45.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -72.00M 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 229.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 413.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 489.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 355.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 224.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 2.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 6.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 1.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 9.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -362.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -219.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 91.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 114.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 4.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 24.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 207.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 501.00M CAD 1 Quarter
Issuance of long-term debt, excluding commercial paper ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 959.00M 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 15.00M CAD 1 Quarter
Net repayment of commercial paper ProceedsFromRepaymentsOfCommercialPaper 0.00 CAD 1 Quarter
Net repayment of commercial paper ProceedsFromRepaymentsOfCommercialPaper -553.00M CAD 1 Quarter
Increase in short-term borrowings ProceedsFromLinesOfCredit 0.00 CAD 1 Quarter
Increase in short-term borrowings ProceedsFromLinesOfCredit 145.00M CAD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities 11.00M CAD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities 0.00 CAD 1 Quarter
Cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities -44.00M 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 -1.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents 31.00M CAD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 114.00M CAD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 291.00M CAD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 61.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 247.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 133.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 352.00M 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 247.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 133.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 352.00M CAD Point-in-time
Income taxes paid IncomeTaxesPaidNet 139.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 149.00M CAD 1 Quarter
Interest paid InterestPaidNet 157.00M CAD 1 Quarter
Interest paid InterestPaidNet 149.00M CAD 1 Quarter
Stockholders Equity 32 line items
Line Item Tag Value Unit Period
Beginning balance (shares) CommonStockSharesOutstanding 137.00M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 135.60M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 139.80M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 140.50M shares Point-in-time
Beginning balance StockholdersEquity 6.96B CAD Point-in-time
Beginning balance StockholdersEquity 6.81B CAD Point-in-time
Beginning balance StockholdersEquity 7.07B CAD Point-in-time
Balance at January 1, 2020, as restated StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 7.07B CAD Point-in-time
Balance at January 1, 2020, as restated StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 6.63B CAD Point-in-time
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 42.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 91.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 112.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 5.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 5.00M CAD 1 Quarter
CP Common Shares repurchased (shares) StockRepurchasedDuringPeriodShares 700,000.00 shares 1 Quarter
CP Common Shares repurchased (shares) StockRepurchasedDuringPeriodShares 1.60M shares 1 Quarter
CP Common Shares repurchased StockRepurchasedDuringPeriodValue 185.00M CAD 1 Quarter
CP Common Shares repurchased StockRepurchasedDuringPeriodValue 468.00M CAD 1 Quarter
Shares issued under stock option plan (shares) StockIssuedDuringPeriodSharesShareBasedCompensation 200,000.00 shares 1 Quarter
Shares issued under stock option plan (shares) StockIssuedDuringPeriodSharesShareBasedCompensation 0.00 shares 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 11.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 4.00M CAD 1 Quarter
Ending balance (shares) CommonStockSharesOutstanding 137.00M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 135.60M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 139.80M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 140.50M shares Point-in-time
Ending balance StockholdersEquity 6.96B CAD Point-in-time
Ending balance StockholdersEquity 6.81B CAD Point-in-time
Ending balance StockholdersEquity 7.07B CAD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 434.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -65.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax 2.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax 2.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -45.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -20.00M CAD 1 Quarter
Other comprehensive (loss) income before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent -18.00M CAD 1 Quarter
Other comprehensive (loss) income before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 38.00M CAD 1 Quarter
Income tax recovery (expense) on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 -60.00M CAD 1 Quarter
Income tax recovery (expense) on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 22.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 16.00M CAD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 42.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 451.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 450.00M CAD 1 Quarter

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

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