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CANADIAN PACIFIC KANSAS CITY LTD/CN

2023 Q2 Form 10-Q Financial Statement

#000001687523000017 Filed on April 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.174B 2.266B cads
YoY Change 44.14% 23.29%
Cost Of Revenue $495.0M $398.0M
YoY Change 14.32% 18.81%
Gross Profit $2.679B $1.868B
YoY Change 51.44% 24.28%
Gross Profit Margin 84.4% 82.44%
Selling, General & Admin $676.0M $468.0M
YoY Change 79.31% 4.46%
% of Gross Profit 25.23% 25.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $410.0M 225.0M cads
YoY Change 94.31% 7.14%
% of Gross Profit 15.3% 12.04%
Operating Expenses $1.619B $1.039B
YoY Change 79.69% 7.33%
Operating Profit $1.060B 829.0M cads
YoY Change 22.12% 54.95%
Interest Expense -$177.0M $50.00M
YoY Change -468.75% 25.0%
% of Operating Profit -16.7% 6.03%
Other Income/Expense, Net $65.00M -2.000M cads
YoY Change -1028.57% -300.0%
Pretax Income -$6.347B 963.0M cads
YoY Change -728.42% 42.67%
Income Tax -$7.672B 163.0M cads
% Of Pretax Income 16.93%
Net Earnings $1.324B 800.0M cads
YoY Change 73.07% 35.59%
Net Earnings / Revenue 41.71% 35.3%
Basic Earnings Per Share $1.42 $0.86
Diluted Earnings Per Share $1.42 $0.86
COMMON SHARES
Basic Shares Outstanding 931.1M shares 930.8M shares
Diluted Shares Outstanding 933.8M shares 933.5M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $589.0M $290.0M
YoY Change 282.47% 241.18%
Cash & Equivalents $325.0M 290.0M cads
Short-Term Investments $264.0M
Other Short-Term Assets $292.0M 176.0M cads
YoY Change 30.36% -26.67%
Inventory $381.0M $285.0M
Prepaid Expenses
Receivables $1.656B 1.029B cads
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.918B 1.780B cads
YoY Change 81.13% 26.51%
LONG-TERM ASSETS
Property, Plant & Equipment $51.18B 22.56B cads
YoY Change 138.04% 6.79%
Goodwill 17.67B cads
YoY Change
Intangibles 3.019B cads
YoY Change
Long-Term Investments $532.0M 44.96B cads
YoY Change -98.77% 8.0%
Other Assets $3.846B 413.0M cads
YoY Change 796.5% -6.98%
Total Long-Term Assets $76.25B 71.72B cads
YoY Change 11.71% 8.37%
TOTAL ASSETS
Total Short-Term Assets $2.918B 1.780B cads
Total Long-Term Assets $76.25B 71.72B cads
Total Assets $79.17B 73.50B cads
YoY Change 13.31% 8.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.430B $1.582B
YoY Change 60.82% 9.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $405.0M $0.00
YoY Change
Long-Term Debt Due $1.504B $1.096B
YoY Change -11.43% -37.23%
Total Short-Term Liabilities $4.339B 2.678B cads
YoY Change 35.21% -16.08%
LONG-TERM LIABILITIES
Long-Term Debt $21.35B $18.07B
YoY Change 16.23% 0.83%
Other Long-Term Liabilities $1.396B 484.0M cads
YoY Change 174.26% -7.1%
Total Long-Term Liabilities $22.75B 484.0M cads
YoY Change 4369.35% -7.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.339B 2.678B cads
Total Long-Term Liabilities $22.75B 484.0M cads
Total Liabilities $39.09B 33.98B cads
YoY Change 13.44% 1.12%
SHAREHOLDERS EQUITY
Retained Earnings 14.97B cads 13.82B cads
YoY Change 31.43% 27.95%
Common Stock 25.65B cads 25.62B cads
YoY Change 0.35% 0.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.08B 39.52B cads
YoY Change
Total Liabilities & Shareholders Equity $79.17B 73.50B cads
YoY Change 13.31% 8.74%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $1.324B 800.0M cads
YoY Change 73.07% 35.59%
Depreciation, Depletion And Amortization $410.0M 225.0M cads
YoY Change 94.31% 7.14%
Cash From Operating Activities $893.0M 881.0M cads
YoY Change 26.31% 43.72%
INVESTING ACTIVITIES
Capital Expenditures $637.0M 405.0M cads
YoY Change 72.16% 79.2%
Acquisitions
YoY Change
Other Investing Activities $19.00M 0.000 cads
YoY Change 533.33% -100.0%
Cash From Investing Activities -$618.0M -401.0M cads
YoY Change 70.72% 94.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -233.0M -645.0M cads
YoY Change -21.55% 64.96%
NET CHANGE
Cash From Operating Activities 893.0M 881.0M cads
Cash From Investing Activities -618.0M -401.0M cads
Cash From Financing Activities -233.0M -645.0M cads
Net Change In Cash 42.00M -161.0M cads
YoY Change -25.0% -1106.25%
FREE CASH FLOW
Cash From Operating Activities $893.0M 881.0M cads
Capital Expenditures $637.0M 405.0M cads
Free Cash Flow $256.0M 476.0M cads
YoY Change -24.04% 23.0%

Facts In Submission

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16000000 cad
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
290000000 cad
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98000000 cad
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
184000000 cad
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
159000000 cad
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
147000000 cad
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
150000000 cad
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
38886000000 cad
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
800000000 cad
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-17000000 cad
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.190
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
177000000 cad
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10000000 cad
CY2023Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
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CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18000000 cad
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
39520000000 cad
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
33829000000 cad
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
590000000 cad
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-270000000 cad
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.190
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
177000000 cad
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000 cad
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2022Q1 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
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CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000000 cad
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
929900000 shares
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
33985000000 cad
CY2023Q1 cp Effective Income Tax Rate Reconciliation Estimated Rate Excluding Discrete Items Percent
EffectiveIncomeTaxRateReconciliationEstimatedRateExcludingDiscreteItemsPercent
0.2450
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2244000000 cad
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q1 us-gaap Lease Income
LeaseIncome
22000000 cad
CY2022Q1 us-gaap Lease Income
LeaseIncome
20000000 cad
CY2023Q1 us-gaap Revenues
Revenues
2266000000 cad
CY2022Q1 us-gaap Revenues
Revenues
1838000000 cad
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1690
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.1267
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
204000000 cad
CY2023Q1 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-23000000 cad
CY2022Q1 cp Effective Income Tax Rate Reconciliation Estimated Rate Excluding Discrete Items Percent
EffectiveIncomeTaxRateReconciliationEstimatedRateExcludingDiscreteItemsPercent
0.2425
CY2022Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
198000000 cad
CY2022Q1 cp Effective Income Tax Rate Reconciliation Basis Difference On Equity Method Investment
EffectiveIncomeTaxRateReconciliationBasisDifferenceOnEquityMethodInvestment
-32000000 cad
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
800000000 cad
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
590000000 cad
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
930700000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
929700000 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2800000 shares
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3000000.0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
933500000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
932700000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
91000000 cad
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-24000000 cad
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7000000 cad
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17000000 cad
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-303000000 cad
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-33000000 cad
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-270000000 cad
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2373000000 cad
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1071000000 cad
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1057000000 cad
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
42000000 cad
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
41000000 cad
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
1029000000 cad
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1016000000 cad
CY2023Q1 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2023Q1 cp Debt And Finance Lease Liabilities Excluding Commercial Paper And Term Loans
DebtAndFinanceLeaseLiabilitiesExcludingCommercialPaperAndTermLoans
19162000000 cad
CY2022Q4 cp Debt And Finance Lease Liabilities Excluding Commercial Paper And Term Loans
DebtAndFinanceLeaseLiabilitiesExcludingCommercialPaperAndTermLoans
19651000000 cad
CY2023Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
17845000000 cad
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
17720000000 cad
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32000000 cad
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44000000 cad
CY2023Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
1200000000 cad
CY2023Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3500000000 cad
CY2022Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
1000000000.0 cad
CY2022Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2800000000 cad
CY2023Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
200000000 cad
CY2023Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
800000000 cad
CY2022Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
200000000 cad
CY2022Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1200000000 cad

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