CP FY 2017 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$4.8B	—	$4.6B	—	5.2%
Op. Income	$1.8B	—	$1.8B	—	4.5%
Gross Margin	54.5%	—	53.5%	—	1.0pp
Net Margin	36.7%	—	25.7%	—	11.0pp
EPS (Diluted)	$2.40	—	$1.56	—	54.5%
Free Cash Flow	$615M	—	$663M	—	-7.2%

Revenue Flow

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$732M
Operating Expenses	$772M
Cost & Expenses	$2.9B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$346M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$68M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$483M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.8B
Cost of Revenue	$2.2B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$732M
Operating Expenses	$772M
Cost & Expenses	$2.9B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$346M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$68M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$483M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$483M
Stock-Based Compensation	$0
Deferred Income Tax	-$153M
Other Non-Cash Items	-$392M
Change in Working Capital	-$101M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$979M
Acquisitions (Net)	$31M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$946M
Net Debt Issuance	-$23M
Common Stock Repurchased	-$278M
Common Dividends Paid	-$227M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$512M
FREE CASH FLOW	$615M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$0
Net Receivables	$502M
Inventory	$111M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$931M
PP&E (Net)	$12.4B
Goodwill	$130M
Intangible Assets	$7M
Long-Term Investments	$133M
Tax Assets	$93M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$13.9B
TOTAL ASSETS	$14.8B
Account Payables	$294M
Short-Term Debt	$545M
Deferred Revenue	$0
Other Current Liabilities	$506M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$5.3B
Deferred Revenue NC	$31M
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$685M
TOTAL NON-CURRENT LIABILITIES	$8.7B
TOTAL LIABILITIES	$10.1B
Common Stock	$1.5B
Additional Paid-In Capital	$31M
Retained Earnings	$4.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$0
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$14.8B
Total Debt	$6.0B
Net Debt	$5.7B