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KANSAS CITY SOUTHERN

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 3, 2023. Its latest SEC filing is a 15-12G from Apr 24, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Moves freight for manufacturers, agricultural and energy shippers, and container carriers across rail networks connecting the central United States with Mexico.

How Did They Make Money?

Shippers pay KCS to move freight; charges are earned as each shipment moves from origin to destination, based on distance traveled.

revenue
SegmentShareRevenue
Chemicals
8.7%
FY2019: 8.6%
Petroleum
Usage-based

9.6%
FY2019: 12%
Plastics
5.0%
FY2019: 5.2%
Forest Products
8.8%
FY2019: 9.1%
Metals and Scrap
7.6%
FY2019: 8.1%
Other Industrial and Consumer Products
4.7%
FY2019: 4.1%
Grain
Usage-based

13%
FY2019: 10%
Food Products
5.2%
FY2019: 5.2%
Ores and Minerals
1.0%
FY2019: 0.9%
Stone, Clay and Glass
1.2%
FY2019: 1.2%
Utility Coal
4.9%
FY2019: 4.4%
Coal and Petroleum Coke
1.5%
FY2019: 1.5%
Frac Sand
0.5%
FY2019: 1.0%
Crude Oil
2.2%
FY2019: 1.7%
Intermodal
Usage-based

13%
FY2019: 13%
Automotive
7.7%
FY2019: 8.9%
Other Revenue
5.4%
FY2019: 4.9%

Who Were Their Customers?

Manufacturers and agricultural shippers use KCS to move products and materials, while steamship lines, motor carriers, and intermodal marketing companies use its rail service for long-distance container and trailer hauling. Automotive manufacturers, assembly plants, and distribution centers also ship vehicles on its network.

Did Revenues Turn Into Profits?

Yes. It kept 29 cents of every revenue dollar as net income in FY2022 and turned 16 cents into free cash flow.

Operating income, FY2022
36% of revenue
▲ +39% vs FY2021 ($883.8M, 30%)
Net income, FY2022
29% of revenue
▲ +87% vs FY2021 ($525.2M, 18%)
Free cash flow, FY2022
16% of revenue
▲ +24% vs FY2021 ($439M, 15%)

How Were They Changing?

Since the FY2022 annual report
  • Apr 20, 2023 CPKC obtained control of Kansas City Southern A change in control occurred when CPKC completed the control acquisition.

Grew. Revenue grew 24% in 4 years, from $2.7B in FY2018 to $3.4B in FY2022, about 6% a year.

Revenue over time
Chemicals Petroleum Plastics Forest Products Metals and Scrap Other Industrial and Consumer Products Grain Food Products Ores and Minerals Stone, Clay and Glass Utility Coal Coal and Petroleum Coke Frac Sand Crude Oil Intermodal Automotive Other Revenue
$5B$2.5B$0

Who Did They Compete With?

Competes with BNSF Railway, Union Pacific Railroad, Ferromex, and Ferrosur

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