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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000016875-21-000015
Period End Date 20210331
Filing Date 20210422
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance cp-20210331_htm.xml
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 360.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 147.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 840.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 825.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 213.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 208.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 141.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 211.00M CAD Point-in-time
Total current assets AssetsCurrent 1.62B CAD Point-in-time
Total current assets AssetsCurrent 1.32B CAD Point-in-time
Investments Investments 199.00M CAD Point-in-time
Investments Investments 199.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 20.50B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 20.42B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 366.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 371.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 894.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 1.01B CAD Point-in-time
Other assets OtherAssetsNoncurrent 417.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 438.00M CAD Point-in-time
Total assets Assets 24.12B CAD Point-in-time
Total assets Assets 23.64B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.42B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.47B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 1.19B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 1.78B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 2.65B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.20B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 832.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 829.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 537.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 585.00M CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 8.59B CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 7.96B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 3.73B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 3.67B CAD Point-in-time
Total liabilities Liabilities 16.25B CAD Point-in-time
Total liabilities Liabilities 16.32B CAD Point-in-time
Share capital CommonStockValue 1.99B CAD Point-in-time
Share capital CommonStockValue 1.98B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 55.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 58.00M CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.76B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.81B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.52B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.48B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 8.10B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 8.57B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.07B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.87B CAD Point-in-time
Total shareholders' equity StockholdersEquity 6.96B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.32B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 23.64B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 24.12B CAD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Total revenues Revenues 2.04B CAD 1 Quarter
Total revenues Revenues 1.96B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 405.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 398.00M CAD 1 Quarter
Fuel FuelCosts 212.00M CAD 1 Quarter
Fuel FuelCosts 206.00M CAD 1 Quarter
Materials CostDirectMaterial 59.00M CAD 1 Quarter
Materials CostDirectMaterial 59.00M CAD 1 Quarter
Equipment rents EquipmentRents 33.00M CAD 1 Quarter
Equipment rents EquipmentRents 36.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 192.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 202.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 274.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 312.00M CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.18B CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.21B CAD 1 Quarter
Operating income OperatingIncomeLoss 780.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 834.00M CAD 1 Quarter
Other (income) expense OtherNonoperatingIncomeExpense 28.00M CAD 1 Quarter
Other (income) expense OtherNonoperatingIncomeExpense -211.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -95.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -85.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -110.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -114.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 594.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 793.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 185.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 191.00M CAD 1 Quarter
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 4.52 CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 2.99 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 4.50 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 2.98 CAD 1 Quarter
Basic earnings per share, Pro forma post-split basis BasicEarningsPerShareProForma 0.90 CAD 1 Quarter
Basic earnings per share, Pro forma post-split basis BasicEarningsPerShareProForma 0.60 CAD 1 Quarter
Diluted earnings per share, Pro forma post-split basis DilutedEarningsPerShareProForma 0.90 CAD 1 Quarter
Diluted earnings per share, Pro forma post-split basis DilutedEarningsPerShareProForma 0.60 CAD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 133.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 136.70M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 137.20M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 133.90M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.83 CAD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.95 CAD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 192.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 202.00M CAD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit 39.00M CAD 1 Quarter
Deferred income tax expense DeferredIncomeTaxExpenseBenefit 51.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -65.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -61.00M CAD 1 Quarter
Foreign exchange (gain) loss on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities -33.00M CAD 1 Quarter
Foreign exchange (gain) loss on debt and lease liabilities Foreignexchangegainlossondebtandleaseliabilities 215.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -72.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -88.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet 91.00M 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 582.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 489.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 323.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 355.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 37.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 2.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 9.00M CAD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities 0.00 CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -362.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -286.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 114.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 127.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 24.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 501.00M CAD 1 Quarter
Purchase of CP Common Shares PaymentsForRepurchaseOfCommonStock 0.00 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 959.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 21.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 15.00M CAD 1 Quarter
Net issuance (repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper 93.00M CAD 1 Quarter
Net issuance (repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper -553.00M CAD 1 Quarter
Net increase in short-term borrowings ProceedsFromRepaymentsOfLinesOfCredit 145.00M CAD 1 Quarter
Net increase in short-term borrowings ProceedsFromRepaymentsOfLinesOfCredit 0.00 CAD 1 Quarter
Acquisition-related costs, Financing activities PaymentsOfMergerRelatedCostsFinancingActivities 0.00 CAD 1 Quarter
Acquisition-related costs, Financing activities PaymentsOfMergerRelatedCostsFinancingActivities 33.00M CAD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities 11.00M CAD 1 Quarter
Other financing activities ProceedsFromPaymentsForOtherFinancingActivities 0.00 CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -80.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -44.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents -3.00M 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 213.00M CAD 1 Quarter
Increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 114.00M CAD 1 Quarter
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 147.00M 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 247.00M CAD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 360.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 147.00M 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 247.00M CAD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 360.00M CAD Point-in-time
Income taxes paid IncomeTaxesPaidNet 139.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 133.00M CAD 1 Quarter
Interest paid InterestPaidNet 155.00M CAD 1 Quarter
Interest paid InterestPaidNet 157.00M CAD 1 Quarter
Stockholders Equity 30 line items
Line Item Tag Value Unit Period
Beginning balance (shares) CommonStockSharesOutstanding 133.30M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 135.60M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 137.00M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 133.30M shares Point-in-time
Beginning balance StockholdersEquity 7.07B CAD Point-in-time
Beginning balance StockholdersEquity 7.87B CAD Point-in-time
Beginning balance StockholdersEquity 6.96B CAD Point-in-time
Beginning balance StockholdersEquity 7.32B CAD Point-in-time
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 58.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 42.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 112.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 126.00M 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 1.60M shares 1 Quarter
CP Common Shares repurchased StockRepurchasedDuringPeriodValue 468.00M CAD 1 Quarter
Shares issued under stock option plan (shares) StockIssuedDuringPeriodSharesShareBasedCompensation 0.00 shares 1 Quarter
Shares issued under stock option plan (shares) StockIssuedDuringPeriodSharesShareBasedCompensation 200,000.00 shares 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 8.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 11.00M CAD 1 Quarter
Ending balance (shares) CommonStockSharesOutstanding 133.30M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 135.60M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 137.00M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 133.30M shares Point-in-time
Ending balance StockholdersEquity 7.07B CAD Point-in-time
Ending balance StockholdersEquity 7.87B CAD Point-in-time
Ending balance StockholdersEquity 6.96B CAD Point-in-time
Ending balance StockholdersEquity 7.32B CAD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 409.00M CAD 1 Quarter
Net gain (loss) in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent 10.00M CAD 1 Quarter
Net gain (loss) in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -65.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax 25.00M 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 -53.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent -18.00M CAD 1 Quarter
Other comprehensive income (loss) before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 88.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 -60.00M CAD 1 Quarter
Income tax (expense) recovery on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 30.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 58.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 42.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 660.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 451.00M CAD 1 Quarter

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

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