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10-Q Filing

CANADIAN PACIFIC KANSAS CITY LTD/CN CIK: 16875 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000016875-23-000017
Period End Date 20230331
Filing Date 20230427
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance cp-20230331_htm.xml
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 290.00M CAD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue 451.00M CAD Point-in-time
Accounts receivable, net (Note 7) AccountsReceivableNetCurrent 1.03B CAD Point-in-time
Accounts receivable, net (Note 7) AccountsReceivableNetCurrent 1.02B CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 285.00M CAD Point-in-time
Materials and supplies MaterialsSuppliesAndOther 284.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 176.00M CAD Point-in-time
Other current assets OtherAssetsCurrent 138.00M CAD Point-in-time
Total current assets AssetsCurrent 1.89B CAD Point-in-time
Total current assets AssetsCurrent 1.78B CAD Point-in-time
Investment in Kansas City Southern (Note 9) EquityMethodInvestments 44.95B CAD Point-in-time
Investment in Kansas City Southern (Note 9) EquityMethodInvestments 45.09B CAD Point-in-time
Investments OtherLongTermInvestments 228.00M CAD Point-in-time
Investments OtherLongTermInvestments 223.00M CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 22.55B CAD Point-in-time
Properties PropertyPlantAndEquipmentNet 22.39B CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 386.00M CAD Point-in-time
Goodwill and intangible assets IntangibleAssetsNetIncludingGoodwill 385.00M CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 3.19B CAD Point-in-time
Pension asset DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent 3.10B CAD Point-in-time
Other assets OtherAssetsNoncurrent 420.00M CAD Point-in-time
Other assets OtherAssetsNoncurrent 413.00M CAD Point-in-time
Total assets Assets 73.50B CAD Point-in-time
Total assets Assets 73.50B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.58B CAD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent 1.70B CAD Point-in-time
Long-term debt maturing within one year (Note 10, 11) LongTermDebtAndCapitalLeaseObligationsCurrent 1.51B CAD Point-in-time
Long-term debt maturing within one year (Note 10, 11) LongTermDebtAndCapitalLeaseObligationsCurrent 1.10B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 3.21B CAD Point-in-time
Total current liabilities LiabilitiesCurrent 2.68B CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 538.00M CAD Point-in-time
Pension and other benefit liabilities PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 537.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 484.00M CAD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent 520.00M CAD Point-in-time
Long-term debt (Note 10, 11) LongTermDebtAndCapitalLeaseObligations 18.07B CAD Point-in-time
Long-term debt (Note 10, 11) LongTermDebtAndCapitalLeaseObligations 18.14B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 12.20B CAD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet 12.22B CAD Point-in-time
Total liabilities Liabilities 33.98B CAD Point-in-time
Total liabilities Liabilities 34.61B CAD Point-in-time
Share capital CommonStockValue 25.54B CAD Point-in-time
Share capital CommonStockValue 25.52B CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 84.00M CAD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock 78.00M CAD Point-in-time
Accumulated other comprehensive income (Note 6) AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.10B CAD Point-in-time
Accumulated other comprehensive income (Note 6) AccumulatedOtherComprehensiveIncomeLossNetOfTax 74.00M CAD Point-in-time
Accumulated other comprehensive income (Note 6) AccumulatedOtherComprehensiveIncomeLossNetOfTax 91.00M CAD Point-in-time
Accumulated other comprehensive income (Note 6) AccumulatedOtherComprehensiveIncomeLossNetOfTax -2.37B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 13.82B CAD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit 13.20B CAD Point-in-time
Total shareholders' equity StockholdersEquity 39.52B CAD Point-in-time
Total shareholders' equity StockholdersEquity 38.89B CAD Point-in-time
Total shareholders' equity StockholdersEquity 33.83B CAD Point-in-time
Total shareholders' equity StockholdersEquity 33.98B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 73.50B CAD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity 73.50B CAD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Total revenues Revenues 1.84B CAD 1 Quarter
Total revenues Revenues 2.27B CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 413.00M CAD 1 Quarter
Compensation and benefits LaborAndRelatedExpense 438.00M CAD 1 Quarter
Fuel FuelCosts 326.00M CAD 1 Quarter
Fuel FuelCosts 273.00M CAD 1 Quarter
Materials CostDirectMaterial 62.00M CAD 1 Quarter
Materials CostDirectMaterial 72.00M CAD 1 Quarter
Equipment rents EquipmentRents 30.00M CAD 1 Quarter
Equipment rents EquipmentRents 35.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 210.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 225.00M CAD 1 Quarter
Purchased services and other (Note 8) PurchasedServicesandOther 310.00M CAD 1 Quarter
Purchased services and other (Note 8) PurchasedServicesandOther 346.00M CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.30B CAD 1 Quarter
Total operating expenses CostsAndExpenses 1.44B CAD 1 Quarter
Operating income OperatingIncomeLoss 829.00M CAD 1 Quarter
Operating income OperatingIncomeLoss 535.00M CAD 1 Quarter
Equity earnings of Kansas City Southern (Note 8, 9) IncomeLossFromEquityMethodInvestments 204.00M CAD 1 Quarter
Equity earnings of Kansas City Southern (Note 8, 9) IncomeLossFromEquityMethodInvestments 198.00M CAD 1 Quarter
Other expense (income) (Note 8) OtherNonoperatingIncomeExpense -2.00M CAD 1 Quarter
Other expense (income) (Note 8) OtherNonoperatingIncomeExpense 1.00M CAD 1 Quarter
Other components of net periodic benefit recovery (Note 12) NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -86.00M CAD 1 Quarter
Other components of net periodic benefit recovery (Note 12) NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent -101.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -154.00M CAD 1 Quarter
Net interest expense InterestRevenueExpenseNet -160.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 963.00M CAD 1 Quarter
Income before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 675.00M CAD 1 Quarter
Income tax expense (Note 4) IncomeTaxExpenseBenefit 163.00M CAD 1 Quarter
Income tax expense (Note 4) IncomeTaxExpenseBenefit 85.00M CAD 1 Quarter
Net income NetIncomeLoss 800.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic 0.86 CAD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic 0.63 CAD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted 0.86 CAD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted 0.63 CAD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 929.70M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 930.70M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 933.50M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 932.70M shares 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 800.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 210.00M CAD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization 225.00M CAD 1 Quarter
Deferred income tax expense (recovery) (Note 4) DeferredIncomeTaxExpenseBenefit -1.00M CAD 1 Quarter
Deferred income tax expense (recovery) (Note 4) DeferredIncomeTaxExpenseBenefit 24.00M CAD 1 Quarter
Pension recovery and funding (Note 12) PensionExpenseReversalOfExpenseNoncash -77.00M CAD 1 Quarter
Pension recovery and funding (Note 12) PensionExpenseReversalOfExpenseNoncash -72.00M CAD 1 Quarter
Equity earnings of Kansas City Southern (Note 8, 9) IncomeLossFromEquityMethodInvestments 204.00M CAD 1 Quarter
Equity earnings of Kansas City Southern (Note 8, 9) IncomeLossFromEquityMethodInvestments 198.00M CAD 1 Quarter
Dividend from Kansas City Southern (Note 9) EquityMethodInvestmentDividendsOrDistributions 300.00M CAD 1 Quarter
Dividend from Kansas City Southern (Note 9) EquityMethodInvestmentDividendsOrDistributions 334.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -47.00M CAD 1 Quarter
Other operating activities, net OtherOperatingActivitiesCashFlowStatement -83.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet 167.00M CAD 1 Quarter
Change in non-cash working capital balances related to operations IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet 140.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 613.00M CAD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities 881.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 405.00M CAD 1 Quarter
Additions to properties PaymentsToAcquirePropertyPlantAndEquipment 226.00M 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 15.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities -5.00M CAD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities 0.00 CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -401.00M CAD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities -206.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 177.00M CAD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock 177.00M CAD 1 Quarter
Issuance of Common Shares ProceedsFromIssuanceOfCommonStock 8.00M CAD 1 Quarter
Issuance of Common Shares ProceedsFromIssuanceOfCommonStock 18.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper (Note 10) RepaymentsOfLongTermDebtAndCapitalSecurities 486.00M CAD 1 Quarter
Repayment of long-term debt, excluding commercial paper (Note 10) RepaymentsOfLongTermDebtAndCapitalSecurities 542.00M CAD 1 Quarter
Net issuance of commercial paper (Note 10) ProceedsFromRepaymentsOfCommercialPaper 0.00 CAD 1 Quarter
Net issuance of commercial paper (Note 10) ProceedsFromRepaymentsOfCommercialPaper 320.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -391.00M CAD 1 Quarter
Cash used in financing activities NetCashProvidedByUsedInFinancingActivities -645.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 4.00M CAD 1 Quarter
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 0.00 CAD 1 Quarter
(Decrease) increase in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect -161.00M CAD 1 Quarter
(Decrease) 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 451.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 290.00M 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 end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 451.00M CAD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents 290.00M 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
Income taxes paid IncomeTaxesPaidNet 184.00M CAD 1 Quarter
Income taxes paid IncomeTaxesPaidNet 159.00M CAD 1 Quarter
Interest paid InterestPaidNet 150.00M CAD 1 Quarter
Interest paid InterestPaidNet 147.00M CAD 1 Quarter
Stockholders Equity 31 line items
Line Item Tag Value Unit Period
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared 0.19 CAD 1 Quarter
Beginning balance (shares) CommonStockSharesOutstanding 930.90M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 929.90M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 930.50M shares Point-in-time
Beginning balance (shares) CommonStockSharesOutstanding 929.70M shares Point-in-time
Beginning balance StockholdersEquity 39.52B CAD Point-in-time
Beginning balance StockholdersEquity 38.89B CAD Point-in-time
Beginning balance StockholdersEquity 33.83B CAD Point-in-time
Beginning balance StockholdersEquity 33.98B CAD Point-in-time
Net income NetIncomeLoss 800.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Other comprehensive loss (Note 6) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -17.00M CAD 1 Quarter
Other comprehensive loss (Note 6) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -270.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 177.00M CAD 1 Quarter
Dividends declared DividendsCommonStockCash 177.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 10.00M CAD 1 Quarter
Effect of stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue 7.00M CAD 1 Quarter
Shares issued for Kansas City Southern acquisition StockIssuedDuringPeriodValueAcquisitions -2.00M 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 400,000.00 shares 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 8.00M CAD 1 Quarter
Shares issued under stock option plan StockIssuedDuringPeriodValueStockOptionsExercised 18.00M CAD 1 Quarter
Ending balance (shares) CommonStockSharesOutstanding 930.90M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 929.90M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 930.50M shares Point-in-time
Ending balance (shares) CommonStockSharesOutstanding 929.70M shares Point-in-time
Ending balance StockholdersEquity 39.52B CAD Point-in-time
Ending balance StockholdersEquity 38.89B CAD Point-in-time
Ending balance StockholdersEquity 33.83B CAD Point-in-time
Ending balance StockholdersEquity 33.98B CAD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss 800.00M CAD 1 Quarter
Net income NetIncomeLoss 590.00M CAD 1 Quarter
Net loss in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -27.00M CAD 1 Quarter
Net loss in foreign currency translation adjustments, net of hedging activities OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent -336.00M 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 1.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -39.00M CAD 1 Quarter
Change in pension and post-retirement defined benefit plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent -8.00M CAD 1 Quarter
Equity accounted investments OtherComprehensiveIncomeLossEquityMethodInvestmentsBeforeTaxAttributableToParent 3.00M CAD 1 Quarter
Equity accounted investments OtherComprehensiveIncomeLossEquityMethodInvestmentsBeforeTaxAttributableToParent 62.00M CAD 1 Quarter
Other comprehensive loss before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent -234.00M CAD 1 Quarter
Other comprehensive loss before income taxes OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent -14.00M CAD 1 Quarter
Income tax expense on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 3.00M CAD 1 Quarter
Income tax expense on above items OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 36.00M CAD 1 Quarter
Other comprehensive loss (Note 6) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -17.00M CAD 1 Quarter
Other comprehensive loss (Note 6) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent -270.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 320.00M CAD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax 783.00M CAD 1 Quarter

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

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