CP FY 2022 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$6.4B	—	$5.8B	—	10.2%
Op. Income	$2.4B	—	$2.3B	—	3.8%
Gross Margin	52.1%	—	57.4%	—	-5.3pp
Net Margin	39.9%	—	35.7%	—	4.2pp
EPS (Diluted)	$2.76	—	$3.05	—	-9.8%
Free Cash Flow	$1.9B	—	$1.6B	—	19.9%

Revenue Flow

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$924M
Operating Expenses	$924M
Cost & Expenses	$4.0B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$476M
Other Income/Expenses	$596M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$459M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$623M
EBIT	$3.5B
EBITDA	$4.1B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$924M
Operating Expenses	$924M
Cost & Expenses	$4.0B
OPERATING INCOME	$2.4B
Interest Income	$0
Interest Expense	$476M
Other Income/Expenses	$596M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$459M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$623M
EBIT	$3.5B
EBITDA	$4.1B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$623M
Stock-Based Compensation	$83M
Deferred Income Tax	$99M
Other Non-Cash Items	-$281M
Change in Working Capital	-$67M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$42M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$517M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$1.9B
Net Change in Cash	$270M

Balance Sheet

Item	Amount
Cash & Equivalents	$330M
Short-Term Investments	$0
Net Receivables	$742M
Inventory	$208M
Other Current Assets	$101M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$16.6B
Goodwill	$251M
Intangible Assets	$31M
Long-Term Investments	$33.1B
Tax Assets	$183M
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$52.5B
TOTAL ASSETS	$53.9B
Account Payables	$368M
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$533M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$13.2B
Deferred Revenue NC	$39M
Deferred Tax Liabilities	$9.1B
Other Non-Current Liabilities	$586M
TOTAL NON-CURRENT LIABILITIES	$23.1B
TOTAL LIABILITIES	$25.5B
Common Stock	$18.6B
Additional Paid-In Capital	$57M
Retained Earnings	$9.6B
Treasury Stock	$0
Accum. Other Comp. Income	$67M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.4B
Minority Interest	$0
TOTAL EQUITY	$28.4B
TOTAL LIABILITIES & EQUITY	$53.9B
Total Debt	$14.6B
Net Debt	$14.2B