CP FY 2020 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2020 Earnings

Reported December 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.6B	—	$5.7B	—	-1.1%
Op. Income	$2.4B	—	$2.3B	—	6.0%
Gross Margin	57.5%	—	55.7%	—	1.7pp
Net Margin	31.7%	—	31.3%	—	0.4pp
EPS (Diluted)	$2.62	—	$2.56	—	2.6%
Free Cash Flow	$827M	—	$981M	—	-15.8%

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$819M
Operating Expenses	$819M
Cost & Expenses	$3.2B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$335M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$554M
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	$569M
EBIT	$2.7B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$2.4B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$819M
Operating Expenses	$819M
Cost & Expenses	$3.2B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$335M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$554M
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	$569M
EBIT	$2.7B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$569M
Stock-Based Compensation	$0
Deferred Income Tax	$162M
Other Non-Cash Items	-$185M
Change in Working Capital	-$284M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$277M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$14M
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$639M
Common Stock Repurchased	-$1.1B
Common Dividends Paid	-$341M
Other Financing Activities	$209M
NET CASH FROM FINANCING	-$558M
FREE CASH FLOW	$827M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$107M
Short-Term Investments	$0
Net Receivables	$603M
Inventory	$152M
Other Current Assets	$103M
TOTAL CURRENT ASSETS	$965M
PP&E (Net)	$15.2B
Goodwill	$240M
Intangible Assets	$27M
Long-Term Investments	$145M
Tax Assets	$130M
Other Non-Current Assets	$742M
TOTAL NON-CURRENT ASSETS	$16.4B
TOTAL ASSETS	$17.4B
Account Payables	$293M
Short-Term Debt	$913M
Deferred Revenue	$20M
Other Current Liabilities	$448M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$6.2B
Deferred Revenue NC	$42M
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$813M
TOTAL NON-CURRENT LIABILITIES	$10.1B
TOTAL LIABILITIES	$12.1B
Common Stock	$1.4B
Additional Paid-In Capital	$40M
Retained Earnings	$5.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$0
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$17.4B
Total Debt	$7.4B
Net Debt	$7.3B