CP FY 2013 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2013 Earnings

Reported December 31, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.5B	—	$4.2B	—	7.7%
Op. Income	$1.0B	—	$694M	—	49.6%
Gross Margin	41.0%	—	32.4%	—	8.6pp
Net Margin	14.3%	—	8.5%	—	5.8pp
EPS (Diluted)	$0.72	—	$0.41	—	76.8%
Free Cash Flow	$522M	—	$132M	—	296.7%

Revenue Flow

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$738M
Operating Expenses	$799M
Cost & Expenses	$3.4B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$207M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$823M
Income Tax Expense	$183M
Net Income from Continuing Ops	$640M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$640M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$640M
D&A	$413M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.5B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$738M
Operating Expenses	$799M
Cost & Expenses	$3.4B
OPERATING INCOME	$1.0B
Interest Income	$0
Interest Expense	$207M
Other Income/Expenses	-$216M
INCOME BEFORE TAX	$823M
Income Tax Expense	$183M
Net Income from Continuing Ops	$640M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$640M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$640M
D&A	$413M
EBIT	$1.0B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$640M
Depreciation & Amortization	$413M
Stock-Based Compensation	$67M
Deferred Income Tax	$155M
Other Non-Cash Items	$152M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$904M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$264M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$41M
Common Stock Repurchased	$0
Common Dividends Paid	-$178M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$161M
FREE CASH FLOW	$522M
Net Change in Cash	$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$348M
Short-Term Investments	$0
Net Receivables	$424M
Inventory	$121M
Other Current Assets	$591M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$9.7B
Goodwill	$110M
Intangible Assets	$9M
Long-Term Investments	$67M
Tax Assets	$752M
Other Non-Current Assets	$309M
TOTAL NON-CURRENT ASSETS	$11.0B
TOTAL ASSETS	$12.5B
Account Payables	$262M
Short-Term Debt	$138M
Deferred Revenue	$0
Other Current Liabilities	-$14M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$3.4B
Deferred Revenue NC	$23M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$602M
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$7.3B
Common Stock	$1.6B
Additional Paid-In Capital	$25M
Retained Earnings	$4.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$0
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$12.5B
Total Debt	$3.8B
Net Debt	$3.4B