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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000016875-22-000018
Period End Date 20220331
Filing Date 20220428
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance cp-20220331_htm.xml
Balance Sheet 58 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 69.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 85.00M CAD Point-in-time
Restricted Cash and Cash Equivalents RestrictedCashAndCashEquivalentsAtCarryingValue 13.00M CAD Point-in-time
Restricted Cash and Cash Equivalents RestrictedCashAndCashEquivalentsAtCarryingValue 13.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 818.00M CAD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent 819.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 251.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 235.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 216.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 240.00M CAD Point-in-time
Total current assets AssetsCurrent 1.41B CAD Point-in-time
Total current assets AssetsCurrent 1.35B CAD Point-in-time
Investment in Kansas City Southern EquityMethodInvestments 41.63B CAD Point-in-time
Investment in Kansas City Southern EquityMethodInvestments 42.31B CAD Point-in-time
Investments OtherLongTermInvestments 201.00M CAD Point-in-time
Investments OtherLongTermInvestments 209.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 21.12B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 21.20B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 371.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 366.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 2.43B CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 2.32B CAD Point-in-time
Other assets OtherAssetsNoncurrent 444.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 419.00M CAD Point-in-time
Total assets Assets 67.59B CAD Point-in-time
Total assets Assets 68.18B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.45B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.61B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 1.55B CAD Point-in-time
Long-term debt maturing within one year LongTermDebtAndCapitalLeaseObligationsCurrent 1.75B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.16B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.19B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 715.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 718.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 521.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 542.00M CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 18.58B CAD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations 17.92B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 11.26B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 11.35B CAD Point-in-time
Total liabilities Liabilities 33.61B CAD Point-in-time
Total liabilities Liabilities 34.35B CAD Point-in-time
Share capital CommonStockValue 25.48B CAD Point-in-time
Share capital CommonStockValue 25.49B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 68.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 66.00M CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.10B CAD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.37B 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
Retained earnings RetainedEarningsAccumulatedDeficit 10.39B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 10.80B CAD Point-in-time
Total shareholders' equity StockholdersEquity 33.98B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.87B CAD Point-in-time
Total shareholders' equity StockholdersEquity 33.83B CAD Point-in-time
Total shareholders' equity StockholdersEquity 7.32B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 67.59B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 68.18B CAD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Revenues Revenues 1.96B CAD 1 Quarter
Revenues Revenues 1.84B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 413.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 405.00M CAD 1 Quarter
Fuel FuelCosts 273.00M CAD 1 Quarter
Fuel FuelCosts 206.00M CAD 1 Quarter
Materials CostDirectMaterial 62.00M CAD 1 Quarter
Materials CostDirectMaterial 59.00M CAD 1 Quarter
Equipment rents EquipmentRents 33.00M CAD 1 Quarter
Equipment rents EquipmentRents 35.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 202.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 210.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 274.00M CAD 1 Quarter
Purchased services and other PurchasedServicesandOther 310.00M CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.30B CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.18B CAD 1 Quarter
Operating income OperatingIncomeLoss 780.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 535.00M CAD 1 Quarter
Equity earnings of Kansas City Southern IncomeLossFromEquityMethodInvestments 0.00 CAD 1 Quarter
Equity earnings of Kansas City Southern IncomeLossFromEquityMethodInvestments 198.00M CAD 1 Quarter
Other income OtherNonoperatingIncomeExpense 1.00M CAD 1 Quarter
Other income OtherNonoperatingIncomeExpense 28.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -95.00M CAD 1 Quarter
Other components of net periodic benefit recovery NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -101.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -160.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -110.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 793.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 675.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 191.00M CAD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit 85.00M CAD 1 Quarter
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 0.90 CAD 1 Quarter
Basic earnings per share EarningsPerShareBasic 0.63 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 0.90 CAD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted 0.63 CAD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 666.50M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 929.70M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 932.70M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 669.60M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 202.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 210.00M CAD 1 Quarter
Deferred income tax (recovery) expense DeferredIncomeTaxExpenseBenefit -1.00M CAD 1 Quarter
Deferred income tax (recovery) expense DeferredIncomeTaxExpenseBenefit 51.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -61.00M CAD 1 Quarter
Pension recovery and funding PensionExpenseReversalOfExpenseNoncash -72.00M CAD 1 Quarter
Equity earnings of Kansas City Southern IncomeLossFromEquityMethodInvestments 0.00 CAD 1 Quarter
Equity earnings of Kansas City Southern IncomeLossFromEquityMethodInvestments 198.00M CAD 1 Quarter
Foreign exchange gain on debt and lease liabilities ForeignExchangeLossGainOnDebtAndLeaseLiabilities -33.00M CAD 1 Quarter
Foreign exchange gain on debt and lease liabilities ForeignExchangeLossGainOnDebtAndLeaseLiabilities 0.00 CAD 1 Quarter
Dividend from Kansas City Southern EquityMethodInvestmentDividendsOrDistributions 0.00 CAD 1 Quarter
Dividend from Kansas City Southern EquityMethodInvestmentDividendsOrDistributions 334.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -88.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -83.00M 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 167.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 613.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 582.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 226.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 323.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 15.00M CAD 1 Quarter
Proceeds from sale of properties and other assets ProceedsFromSaleOfOtherProductiveAssets 37.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities -5.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities 0.00 CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -286.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -206.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 127.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 177.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Issuance of CP Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 542.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper RepaymentsOfLongTermDebtAndCapitalSecurities 21.00M CAD 1 Quarter
Net issuance of commercial paper ProceedsFromRepaymentsOfCommercialPaper 93.00M CAD 1 Quarter
Net issuance of commercial paper ProceedsFromRepaymentsOfCommercialPaper 320.00M CAD 1 Quarter
Acquisition-related financing fees PaymentsOfMergerRelatedCostsFinancingActivities 33.00M CAD 1 Quarter
Acquisition-related financing fees PaymentsOfMergerRelatedCostsFinancingActivities 0.00 CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -80.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -391.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents 0.00 CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents -3.00M CAD 1 Quarter
Increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 213.00M CAD 1 Quarter
Increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect 16.00M CAD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 360.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 98.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 82.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 147.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 360.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 98.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 82.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 147.00M CAD Point-in-time
Income taxes paid IncomeTaxesPaidNet 159.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 133.00M CAD 1 Quarter
Interest paid InterestPaidNet 150.00M CAD 1 Quarter
Interest paid InterestPaidNet 155.00M CAD 1 Quarter
Stockholders Equity 29 line items
Line Item Tag Value Unit Period
Beginning balance (shares) CommonStockSharesOutstanding 666.30M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 666.60M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 929.70M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 929.90M shares Point-in-time
Beginning balance StockholdersEquity 33.98B CAD Point-in-time
Beginning balance StockholdersEquity 7.87B CAD Point-in-time
Beginning balance StockholdersEquity 33.83B CAD Point-in-time
Beginning balance StockholdersEquity 7.32B CAD Point-in-time
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -270.00M CAD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 58.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 126.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 177.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 7.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 5.00M CAD 1 Quarter
Stock Issued During Period, Value, Acquisitions StockIssuedDuringPeriodValueAcquisitions -2.00M CAD 1 Quarter
Shares issued under stock option plan (shares) StockIssuedDuringPeriodSharesShareBasedCompensation 300,000.00 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 8.00M CAD 1 Quarter
Ending balance (shares) CommonStockSharesOutstanding 666.30M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 666.60M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 929.70M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 929.90M shares Point-in-time
Ending balance StockholdersEquity 33.98B CAD Point-in-time
Ending balance StockholdersEquity 7.87B CAD Point-in-time
Ending balance StockholdersEquity 33.83B CAD Point-in-time
Ending balance StockholdersEquity 7.32B CAD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 602.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -336.00M CAD 1 Quarter
Net (loss) gain in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent 10.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax 1.00M CAD 1 Quarter
Change in derivatives designated as cash flow hedges OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax 25.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -53.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -39.00M CAD 1 Quarter
Equity Accounted Investments OtherComprehensiveIncomeLossEquityMethodInvestmentsBeforeTaxAttributableToParent 62.00M CAD 1 Quarter
Equity Accounted Investments OtherComprehensiveIncomeLossEquityMethodInvestmentsBeforeTaxAttributableToParent 0.00 CAD 1 Quarter
Other comprehensive (loss) income before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent -234.00M CAD 1 Quarter
Other comprehensive (loss) income before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent 88.00M CAD 1 Quarter
Income tax expense on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 30.00M CAD 1 Quarter
Income tax expense on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 36.00M CAD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -270.00M CAD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 58.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 660.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 320.00M CAD 1 Quarter

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

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