Canadian Pacific Kansas City Limited (TSX:CP)
Canada · Delayed Price · Currency is CAD 125.70
-2.29 (-1.79%)
Oct 28, 2026, 4:00 PM EDT
TSX:CP Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 3,864 | 4,141 | 3,718 | 3,927 | 3,517 | 2,852 |
Depreciation & Amortization | 2,079 | 2,019 | 1,900 | 1,543 | 853 | 811 |
Loss (Gain) From Sale of Investments | - | -333 | - | 7,175 | - | - |
Loss (Gain) on Equity Investments | - | - | - | 70 | 83 | 141 |
Other Operating Activities | -183 | -322 | -373 | -8,270 | -219 | -50 |
Change in Accounts Receivable | 32 | 32 | -133 | -317 | -147 | 32 |
Change in Inventory | -53 | -53 | -36 | 1 | -27 | -14 |
Change in Accounts Payable | -271 | -271 | 202 | 57 | 95 | -108 |
Change in Other Net Operating Assets | 308 | 96 | -9 | -49 | -13 | 24 |
Operating Cash Flow | 5,776 | 5,309 | 5,269 | 4,137 | 4,142 | 3,688 |
Operating Cash Flow Growth | 5.23% | 0.76% | 27.36% | -0.12% | 12.31% | 31.62% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,848 | -3,140 | -2,863 | -2,499 | -1,557 | -1,532 |
Sale of Property, Plant & Equipment | 76 | 58 | 64 | 57 | 58 | 96 |
Cash Acquisitions | - | - | - | 298 | - | - |
Investment in Securities | - | 493 | - | 7 | - | -12,299 |
Other Investing Activities | -4 | -76 | 3 | -25 | 3 | 5 |
Investing Cash Flow | -2,776 | -2,665 | -2,796 | -2,162 | -1,496 | -13,730 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 713 | 1,095 | - | - |
Long-Term Debt Issued | - | 3,102 | - | - | - | 11,306 |
Total Debt Issued | 2,570 | 3,102 | 713 | 1,095 | - | 11,306 |
Short-Term Debt Repaid | - | -624 | - | - | -415 | -454 |
Long-Term Debt Repaid | - | -951 | -2,327 | -2,395 | -1,207 | -359 |
Total Debt Repaid | -1,056 | -1,575 | -2,327 | -2,395 | -1,622 | -813 |
Net Debt Issued (Repaid) | 1,514 | 1,527 | -1,614 | -1,300 | -1,622 | 10,493 |
Issuance of Common Stock | 89 | 73 | 69 | 69 | 32 | 25 |
Repurchase of Common Stock | -3,785 | -3,942 | - | - | - | - |
Common Dividends Paid | -848 | -796 | -709 | -707 | -707 | -507 |
Other Financing Activities | -4 | -8 | 2 | -17 | - | -75 |
Financing Cash Flow | -3,034 | -3,146 | -2,252 | -1,955 | -2,297 | 9,936 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 22 | -53 | 54 | -7 | 20 | 41 |
Net Cash Flow | -12 | -555 | 275 | 13 | 369 | -65 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,928 | 2,169 | 2,406 | 1,638 | 2,585 | 2,156 |
Free Cash Flow Growth | 22.36% | -9.85% | 46.89% | -36.63% | 19.90% | 90.63% |
Free Cash Flow Margin | 18.29% | 14.38% | 16.54% | 13.05% | 29.33% | 26.97% |
Free Cash Flow Per Share | 3.29 | 2.37 | 2.57 | 1.75 | 2.77 | 3.16 |
Levered Free Cash Flow | 2,629 | 2,001 | 2,329 | 1,361 | 1,269 | 1,532 |
Unlevered Free Cash Flow | 3,212 | 2,548 | 2,830 | 1,843 | 1,677 | 1,807 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 863 | 863 | 814 | 825 | 641 | 426 |
Cash Income Tax Paid | 1,155 | 1,155 | 958 | 906 | 408 | 552 |
Change in Working Capital | 16 | -196 | 24 | -308 | -92 | -66 |