CP FY 2019 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2019 Earnings

Reported December 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.3B	—	6.5%
Op. Income	$2.3B	—	$2.1B	—	10.3%
Gross Margin	55.7%	—	55.2%	—	0.6pp
Net Margin	31.3%	—	26.7%	—	4.6pp
EPS (Diluted)	$2.56	—	$1.99	—	28.7%
Free Cash Flow	$981M	—	$848M	—	15.7%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$485M
Operating Expenses	$892M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.3B
Interest Income	$4M
Interest Expense	$332M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$516M
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	$516M
EBIT	$2.6B
EBITDA	$3.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$406M
Other Expenses	$485M
Operating Expenses	$892M
Cost & Expenses	$3.4B
OPERATING INCOME	$2.3B
Interest Income	$4M
Interest Expense	$332M
Other Income/Expenses	$16M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$516M
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	$516M
EBIT	$2.6B
EBITDA	$3.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$516M
Stock-Based Compensation	$0
Deferred Income Tax	$132M
Other Non-Cash Items	-$227M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$127M
Purchases of Investments	-$127M
Sales/Maturities of Investments	$127M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	-$75M
Common Stock Repurchased	-$829M
Common Dividends Paid	-$301M
Other Financing Activities	$393M
NET CASH FROM FINANCING	-$812M
FREE CASH FLOW	$981M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$0
Net Receivables	$588M
Inventory	$133M
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$884M
PP&E (Net)	$14.3B
Goodwill	$142M
Intangible Assets	$9M
Long-Term Investments	$249M
Tax Assets	$144M
Other Non-Current Assets	$801M
TOTAL NON-CURRENT ASSETS	$15.6B
TOTAL ASSETS	$16.5B
Account Payables	$331M
Short-Term Debt	$488M
Deferred Revenue	$104M
Other Current Liabilities	$487M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$5.9B
Deferred Revenue NC	$19M
Deferred Tax Liabilities	$2.7B
Other Non-Current Liabilities	$757M
TOTAL NON-CURRENT LIABILITIES	$9.6B
TOTAL LIABILITIES	$11.3B
Common Stock	$1.5B
Additional Paid-In Capital	$35M
Retained Earnings	$5.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$0
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$6.7B
Net Debt	$6.6B