CP FY 2012 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2012 Earnings

Reported December 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.2B	—	$3.8B	—	10.0%
Op. Income	$694M	—	$707M	—	-1.9%
Gross Margin	32.4%	—	35.6%	—	-3.1pp
Net Margin	8.5%	—	11.0%	—	-2.5pp
EPS (Diluted)	$0.41	—	$0.49	—	-16.4%
Free Cash Flow	$132M	—	-$433M	—	130.4%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$683M
Cost & Expenses	$3.5B
OPERATING INCOME	$694M
Interest Income	$202M
Interest Expense	$204M
Other Income/Expenses	-$229M
INCOME BEFORE TAX	$465M
Income Tax Expense	$111M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$354M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$354M
D&A	$394M
EBIT	$669M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.8B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$683M
Cost & Expenses	$3.5B
OPERATING INCOME	$694M
Interest Income	$202M
Interest Expense	$204M
Other Income/Expenses	-$229M
INCOME BEFORE TAX	$465M
Income Tax Expense	$111M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$354M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$354M
D&A	$394M
EBIT	$669M
EBITDA	$1.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$354M
Depreciation & Amortization	$394M
Stock-Based Compensation	$47M
Deferred Income Tax	$102M
Other Non-Cash Items	$78M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$971M
Capital Expenditure	-$840M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$100M
NET CASH FROM INVESTING	-$739M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$163M
Other Financing Activities	$731.4K
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$132M
Net Change in Cash	$209M

Balance Sheet

Item	Amount
Cash & Equivalents	$244M
Short-Term Investments	$0
Net Receivables	$286M
Inventory	$99M
Other Current Assets	$343M
TOTAL CURRENT ASSETS	$972M
PP&E (Net)	$9.5B
Goodwill	$107M
Intangible Assets	$11M
Long-Term Investments	$61M
Tax Assets	$7M
Other Non-Current Assets	$97M
TOTAL NON-CURRENT ASSETS	$9.8B
TOTAL ASSETS	$10.8B
Account Payables	$235M
Short-Term Debt	$39M
Deferred Revenue	$26M
Other Current Liabilities	$80M
TOTAL CURRENT LIABILITIES	$900M
Long-Term Debt	$3.4B
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$1.5B
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$6.1B
TOTAL LIABILITIES	$7.0B
Common Stock	$1.6B
Additional Paid-In Capital	$30M
Retained Earnings	$4.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$10.8B
Total Debt	$3.4B
Net Debt	$3.2B