Canadian Pacific Kansas City Ltd. (CP) quarterly cash flow statement — complete operating, investing & financing history
Canadian Pacific Kansas City Ltd. (CP) cash flow statement — 29-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 1.73B | 976M | 1.52B | 1.27B | 1.35B | 1.16B | 1.7B | 1.27B | 1.28B | 1.01B | 1.34B | 1.03B | 892M | 881M | 1.72B | 1.1B | 707M | 613M | 604M | 548M |
| Operating CF Margin % | 17.9% | 18.91% | 38.85% | 34.8% | 36.63% | 30.46% | 43.99% | 35.84% | 35.47% | 28.84% | 35.38% | 30.76% | 28.1% | 38.88% | 69.86% | 47.66% | 32.11% | 33.35% | 29.61% | 28.22% |
| Operating CF Growth % | 27.38% | -15.57% | -10.56% | 0.16% | 6.02% | 13.89% | 27.54% | 23.86% | 43.27% | 15.21% | -22.33% | -6.81% | 26.17% | 43.72% | 184.77% | 101.09% | -63.82% | 5.33% | -38.68% | 11.16% |
| Net Income | 1.02B | 845M | 1.08B | 917M | 1.23B | 909M | 1.2B | 837M | 905M | 775M | 1.02B | 780M | 1.32B | 800M | 1.27B | 891M | 765M | 590M | 532M | 472M |
| Depreciation & Amortization | 519M | 512M | 519M | 503M | 493M | 504M | 488M | 472M | 473M | 467M | 457M | 451M | 410M | 225M | 219M | 213M | 211M | 210M | 206M | 203M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39M | 32M | 46M | 21M | 2M | 0 | 56M | 0 |
| Deferred Taxes | 54M | 15M | 148M | -11M | 8M | 26M | -12M | 5M | 18M | 17M | 40M | 3M | -7.95B | 24M | -15M | 38M | 114M | -1M | 52M | 130M |
| Other Non-Cash Items | 9M | -111M | -168M | -148M | -389M | -117M | -90M | -22M | -146M | -141M | -72M | -140M | 7.06B | -60M | 36M | -60M | -298M | -19M | 70M | -30M |
| Working Capital Changes | 120M | -285M | -52M | 13M | 9M | -166M | 119M | -20M | 28M | -103M | -112M | -67M | 11M | -140M | 163M | -1M | -87M | -167M | -312M | -227M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -317M | 0 | 0 | 0 | -147M | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | -27M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -762M | -672M | -762M | -882M | -306M | -715M | -712M | -760M | -782M | -542M | -401M | -742M | -617M | -401M | -518M | -410M | -362M | -206M | -10.91B | -2.13B |
| Capital Expenditures | -766M | -669M | -795M | -867M | -755M | -723M | -751M | -757M | -824M | -531M | -705M | -752M | -636M | -405M | -539M | -422M | -370M | -226M | -421M | -372M |
| CapEx % of Revenue | 7.94% | 12.96% | 20.27% | 23.68% | 20.41% | 19.05% | 19.39% | 21.33% | 22.87% | 15.09% | 18.67% | 22.52% | 20.04% | 17.87% | 21.89% | 18.25% | 16.8% | 12.3% | 20.64% | 19.16% |
| Acquisitions | 0 | 0 | -493M | 0 | 493M | 0 | 0 | 0 | 9M | 1M | 29M | 12M | 298M | 4M | 21M | 11M | 11M | 15M | 1.77B | -1.77B |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -3M | -25M | -15M | -44M | 8M | 39M | -3M | 33M | -12M | 1M | -2M | -279M | 0 | 0 | 1M | -3M | 5M | 37M | 16M |
| Cash from Financing | -1.03B | -81M | -979M | -782M | -901M | -484M | -761M | -596M | -464M | -431M | -753M | -324M | -233M | -645M | -888M | -721M | -297M | -391M | 10.13B | 902M |
| Debt Issued (Net) | 426M | 782M | -399M | 1.22B | 673M | 37M | -600M | -432M | -306M | -276M | -595M | -159M | -60M | -486M | -725M | -553M | -122M | -222M | 10.28B | 1.03B |
| Equity Issued (Net) | -1.25B | -655M | -376M | -1.79B | -1.36B | -339M | 14M | 13M | 20M | 22M | 19M | 13M | 19M | 18M | 14M | 9M | 1M | 8M | 5M | 4M |
| Dividends Paid | -204M | -204M | -204M | -205M | -210M | -177M | -177M | -177M | -178M | -177M | -177M | -177M | -176M | -177M | -177M | -177M | -176M | -177M | -127M | -127M |
| Share Repurchases | -1.28B | -680M | -397M | -1.8B | -1.39B | -347M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -4M | 0 | -2M | -1M | -5M | 2M | 0 | 0 | 0 | 0 | -1M | -16M | 0 | 0 | 0 | 0 | 0 | -23M | -3M |
| Net Change in Cash | -43M | 225M | -227M | -388M | 104M | -44M | 276M | -94M | 38M | 55M | 170M | -31M | 35M | -161M | 313M | -16M | 56M | 16M | -141M | -669M |
| Free Cash Flow | 960M | 307M | 729M | 407M | 600M | 433M | 953M | 515M | 454M | 484M | 631M | 275M | 256M | 476M | 1.18B | 680M | 337M | 387M | 183M | 176M |
| FCF Margin % | 9.95% | 5.95% | 18.58% | 11.12% | 16.22% | 11.41% | 24.6% | 14.51% | 12.6% | 13.75% | 16.71% | 8.24% | 8.07% | 21.01% | 47.97% | 29.41% | 15.3% | 21.06% | 8.97% | 9.06% |
| FCF Growth % | 60% | -29.1% | -23.5% | -20.97% | 32.16% | -10.54% | 51.03% | 87.27% | 77.34% | 1.68% | -46.57% | -59.56% | -24.04% | 23% | 545.36% | 286.36% | -78.09% | 49.42% | -72.06% | 1855.56% |
| FCF per Share | 1.08 | 0.34 | 0.79 | 0.45 | 0.65 | 0.46 | 1.02 | 0.55 | 0.49 | 0.52 | 0.68 | 0.29 | 0.27 | 0.51 | 1.27 | 0.73 | 0.36 | 0.41 | 0.25 | 0.26 |
| FCF Conversion (FCF/Net Income) | 1.68x | 0.83x | 1.42x | 1.38x | 1.10x | 1.27x | 1.42x | 1.52x | 1.41x | 1.31x | 1.31x | 1.32x | 0.67x | 1.10x | 1.35x | 1.24x | 0.92x | 1.04x | 1.14x | 1.16x |
| Interest Paid | 247M | 203M | 257M | 192M | 234M | 180M | 251M | 157M | 161M | 245M | 255M | 152M | 271M | 147M | 174M | 148M | 169M | 150M | 61M | 153M |
| Taxes Paid | 286M | 291M | 305M | 204M | 409M | 237M | 234M | 173M | 309M | 242M | 258M | 205M | 259M | 184M | 89M | 67M | 93M | 159M | 151M | 129M |