CP FY 2018 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$5.3B	—	$4.8B	—	11.6%
Op. Income	$2.1B	—	$1.8B	—	12.4%
Gross Margin	55.2%	—	54.5%	—	0.6pp
Net Margin	26.7%	—	36.7%	—	-10.0pp
EPS (Diluted)	$1.99	—	$2.40	—	-17.3%
Free Cash Flow	$848M	—	$615M	—	37.9%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$844M
Operating Expenses	$880M
Cost & Expenses	$3.3B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$331M
Other Income/Expenses	-$178M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$466M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$509M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$844M
Operating Expenses	$880M
Cost & Expenses	$3.3B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$331M
Other Income/Expenses	-$178M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$466M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$509M
EBIT	$2.2B
EBITDA	$2.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$509M
Stock-Based Compensation	$0
Deferred Income Tax	$187M
Other Non-Cash Items	-$187M
Change in Working Capital	$48M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$57M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$84M
Common Stock Repurchased	-$806M
Common Dividends Paid	-$254M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$848M
Net Change in Cash	-$202M

Balance Sheet

Item	Amount
Cash & Equivalents	$45M
Short-Term Investments	$0
Net Receivables	$596M
Inventory	$126M
Other Current Assets	$50M
TOTAL CURRENT ASSETS	$816M
PP&E (Net)	$13.5B
Goodwill	$142M
Intangible Assets	$6M
Long-Term Investments	$148M
Tax Assets	$156M
Other Non-Current Assets	$960M
TOTAL NON-CURRENT ASSETS	$14.9B
TOTAL ASSETS	$15.7B
Account Payables	$346M
Short-Term Debt	$370M
Deferred Revenue	$0
Other Current Liabilities	$580M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$5.9B
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$2.7B
Other Non-Current Liabilities	$671M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$10.8B
Common Stock	$1.5B
Additional Paid-In Capital	$31M
Retained Earnings	$4.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$0
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$15.7B
Total Debt	$6.4B
Net Debt	$6.3B