CP FY 2009 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2009 Earnings

Reported December 31, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.5B	—	-8.6%
Op. Income	$607M	—	$762M	—	-20.3%
Gross Margin	59.0%	—	58.0%	—	1.0pp
Net Margin	12.6%	—	12.9%	—	-0.2pp
EPS (Diluted)	$0.49	—	$0.59	—	-16.3%
Free Cash Flow	-$185M	—	$137M	—	-235.2%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$956M
SG&A Expenses	$956M
Other Expenses	$335M
Operating Expenses	$1.3B
Cost & Expenses	$2.6B
OPERATING INCOME	$607M
Interest Income	$13M
Interest Expense	$209M
Other Income/Expenses	-$145M
INCOME BEFORE TAX	$467M
Income Tax Expense	$60M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$406M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	$353M
EBIT	$671M
EBITDA	$1.0B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$956M
SG&A Expenses	$956M
Other Expenses	$335M
Operating Expenses	$1.3B
Cost & Expenses	$2.6B
OPERATING INCOME	$607M
Interest Income	$13M
Interest Expense	$209M
Other Income/Expenses	-$145M
INCOME BEFORE TAX	$467M
Income Tax Expense	$60M
Net Income from Continuing Ops	$402M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$406M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$402M
D&A	$353M
EBIT	$671M
EBITDA	$1.0B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$406M
Depreciation & Amortization	$364M
Stock-Based Compensation	$0
Deferred Income Tax	$98M
Other Non-Cash Items	-$598M
Change in Working Capital	$75M
OPERATING CASH FLOW	$345M
Capital Expenditure	-$530M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$9M
Other Investing Activities	$243M
NET CASH FROM INVESTING	-$277M
Net Debt Issuance	$77M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$25M
NET CASH FROM FINANCING	$358M
FREE CASH FLOW	-$185M
Net Change in Cash	$411M

Balance Sheet

Item	Amount
Cash & Equivalents	$497M
Short-Term Investments	$0
Net Receivables	$479M
Inventory	$97M
Other Current Assets	$128M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$8.8B
Goodwill	$113M
Intangible Assets	$35M
Long-Term Investments	$115M
Tax Assets	$440M
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$9.6B
TOTAL ASSETS	$10.8B
Account Payables	$182M
Short-Term Debt	$443M
Deferred Revenue	$0
Other Current Liabilities	$359M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$2.8B
Deferred Revenue NC	$90M
Deferred Tax Liabilities	$1.8B
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$7.4B
Common Stock	$1.3B
Additional Paid-In Capital	$1.3B
Retained Earnings	$3.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.3B
Other Equity	-$1.3B
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$10.8B
Total Debt	$3.5B
Net Debt	$3.0B