CP FY 2011 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2011 Earnings

Reported December 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.6B	—	3.9%
Op. Income	$707M	—	$816M	—	-13.4%
Gross Margin	35.6%	—	38.4%	—	-2.8pp
Net Margin	11.0%	—	13.1%	—	-2.1pp
EPS (Diluted)	$0.49	—	$0.56	—	-13.0%
Free Cash Flow	-$433M	—	-$164M	—	-164.3%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$635M
Operating Expenses	$639M
Cost & Expenses	$3.1B
OPERATING INCOME	$707M
Interest Income	$2M
Interest Expense	$184M
Other Income/Expenses	-$197M
INCOME BEFORE TAX	$510M
Income Tax Expense	$93M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$358M
EBIT	$696M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	$635M
Operating Expenses	$639M
Cost & Expenses	$3.1B
OPERATING INCOME	$707M
Interest Income	$2M
Interest Expense	$184M
Other Income/Expenses	-$197M
INCOME BEFORE TAX	$510M
Income Tax Expense	$93M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$358M
EBIT	$696M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$417M
Depreciation & Amortization	$358M
Stock-Based Compensation	$0
Deferred Income Tax	$137M
Other Non-Cash Items	-$555M
Change in Working Capital	$18M
OPERATING CASH FLOW	$374M
Capital Expenditure	-$807M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$44M
NET CASH FROM INVESTING	-$764M
Net Debt Issuance	$281M
Common Stock Repurchased	$0
Common Dividends Paid	-$141M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$159M
FREE CASH FLOW	-$433M
Net Change in Cash	-$230M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$0
Net Receivables	$379M
Inventory	$101M
Other Current Assets	$112M
TOTAL CURRENT ASSETS	$626M
PP&E (Net)	$9.3B
Goodwill	$110M
Intangible Assets	$31M
Long-Term Investments	$122M
Tax Assets	$0
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$9.7B
TOTAL ASSETS	$10.3B
Account Payables	$283M
Short-Term Debt	$56M
Deferred Revenue	$0
Other Current Liabilities	$90M
TOTAL CURRENT LIABILITIES	$885M
Long-Term Debt	$3.4B
Deferred Revenue NC	$25M
Deferred Tax Liabilities	$1.3B
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$6.0B
TOTAL LIABILITIES	$6.9B
Common Stock	$1.4B
Additional Paid-In Capital	$63M
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$10.3B
Total Debt	$3.5B
Net Debt	$3.5B