Canadian Pacific Kansas City Limited (CP)
NYSE: CP · Real-Time Price · USD
91.70
+0.30 (0.33%)
At close: Jul 28, 2026, 4:00 PM EDT
92.30
+0.60 (0.65%)
After-hours: Jul 28, 2026, 7:34 PM EDT
Canadian Pacific Railway Cash Flow Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 845 | 1,077 | 917 | 1,234 | 909 | 1,199 | 837 | 903 | 774 | 1,018 | 780 | 1,325 | 800 | 1,271 | 891 | 765 | 590 | 532 | 472 | 1,246 |
Depreciation & Amortization | 512 | 519 | 503 | 493 | 504 | 488 | 472 | 473 | 467 | 457 | 451 | 410 | 225 | 219 | 213 | 211 | 210 | 206 | 203 | 200 |
Other Adjustments | -96 | -20 | -159 | -381 | -91 | -102 | -17 | -126 | -123 | -27 | -137 | -854 | -4 | 67 | -1 | -182 | -20 | 178 | 100 | -56 |
Changes in Other Operating Activities | -285 | -52 | 13 | 9 | -166 | 119 | -20 | 28 | -103 | -112 | -67 | 11 | -140 | 163 | -1 | -87 | -167 | -312 | -227 | 564 |
Operating Cash Flow | 976 | 1,524 | 1,274 | 1,355 | 1,156 | 1,704 | 1,272 | 1,278 | 1,015 | 1,336 | 1,027 | 892 | 881 | 1,720 | 1,102 | 707 | 613 | 604 | 548 | 1,954 |
Operating Cash Flow Growth (YoY) | -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% | 134.01% |
Investing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Capital Expenditures | -669 | -795 | -867 | -755 | -723 | -751 | -757 | -824 | -531 | -705 | -752 | -636 | -405 | -539 | -422 | -370 | -226 | -421 | -372 | -416 |
Sale of Property, Plant & Equipment | 8 | 42 | 1 | 4 | 11 | 45 | 9 | 9 | 1 | 29 | 12 | 12 | 4 | 21 | 11 | 11 | 15 | 31 | 16 | 12 |
Purchases of Investments | - | - | - | - | - | - | - | - | - | 0 | - | -267 | - | - | - | - | - | -10,526 | -1,773 | - |
Proceeds from Sale of Investments | - | 0 | - | 493 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Investing Activities | -11 | -9 | -16 | -48 | -3 | -6 | -12 | 33 | -12 | 1 | -2 | 274 | - | 0 | 1 | -3 | 5 | 6 | - | -1 |
Investing Cash Flow | -672 | -762 | -882 | -306 | -715 | -712 | -760 | -782 | -542 | -401 | -742 | -617 | -401 | -518 | -410 | -362 | -206 | -10,910 | -2,129 | -405 |
Financing Activities
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Short-Term Debt Issued (Repaid) | -494 | -393 | 1,221 | -714 | -738 | 1,418 | -343 | -157 | -205 | 692 | -147 | 550 | - | - | -42 | 20 | 320 | -388 | 713 | -872 |
Long-Term Debt Issued | 1,621 | 0 | - | 1,392 | 1,710 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 633 | - |
Long-Term Debt Repaid | -345 | -6 | -5 | -5 | -935 | -2,018 | -89 | -149 | -71 | -1,287 | -12 | -610 | -486 | -12 | -511 | -142 | -542 | -10 | -318 | -10 |
Net Long-Term Debt Issued (Repaid) | 1,276 | -6 | -5 | 1,387 | 775 | -2,018 | -89 | -149 | -71 | -1,287 | -12 | -610 | -486 | -12 | -511 | -142 | -542 | -10 | 315 | -10 |
Issuance of Common Stock | 25 | 21 | 14 | 30 | 8 | 14 | 13 | 20 | 22 | 19 | 13 | 19 | 18 | 14 | 9 | 1 | 8 | 5 | 4 | 8 |
Repurchase of Common Stock | -680 | -397 | -1,805 | -1,393 | -347 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Common Stock Issued (Repurchased) | -655 | -376 | -1,791 | -1,363 | -339 | 14 | 13 | 20 | 22 | 19 | 13 | 19 | 18 | 14 | 9 | 1 | 8 | 5 | 4 | 8 |
Common Dividends Paid | -204 | -204 | -205 | -210 | -177 | -177 | -177 | -178 | -177 | -177 | -177 | -176 | -177 | -177 | -177 | -176 | -177 | -127 | -127 | -126 |
Other Financing Activities | -4 | 0 | -2 | -1 | -5 | 2 | - | - | - | -1 | -2 | -16 | - | - | - | - | - | -23 | -3 | -16 |
Financing Cash Flow | -81 | -979 | -782 | -901 | -484 | -761 | -596 | -464 | -431 | -753 | -324 | -233 | -645 | -888 | -721 | -297 | -391 | 10,130 | 902 | -1,016 |
Net Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Foreign Exchange Rate Adjustments | 2 | -10 | 2 | -44 | -1 | 45 | -10 | 6 | 13 | -12 | 8 | -7 | 4 | -1 | 13 | 8 | - | 35 | 10 | -1 |
Net Cash Flow | 225 | -227 | -388 | 104 | -44 | 276 | -94 | 38 | 55 | 170 | -31 | 35 | -161 | 313 | -16 | 56 | 16 | -141 | -669 | 532 |
Free Cash Flow
Fiscal Quarter | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Free Cash Flow | 307 | 729 | 407 | 600 | 433 | 953 | 515 | 454 | 484 | 631 | 275 | 256 | 476 | 1,181 | 680 | 337 | 387 | 183 | 176 | 1,538 |
Free Cash Flow Growth (YoY) | -29.10% | -23.51% | -20.97% | 32.16% | -10.54% | 51.03% | 87.27% | 77.34% | 1.68% | -46.57% | -59.56% | -24.04% | 23.00% | 545.36% | 286.36% | -78.09% | 49.42% | -72.06% | 1855.56% | 361.86% |
FCF Margin | 8.30% | 18.58% | 11.12% | 16.22% | 11.41% | 24.60% | 14.51% | 12.60% | 13.75% | 16.71% | 8.24% | 8.07% | 21.01% | 47.97% | 29.41% | 15.30% | 21.06% | 8.97% | 9.06% | 74.88% |
Free Cash Flow Per Share | 0.34 | 0.81 | 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 | 2.30 |
Levered Free Cash Flow | 1,186 | 350 | 1,785 | 1,654 | 562 | 457 | 100 | 276 | 332 | 68 | 253 | 1,049 | -6 | 1,102 | 128 | 397 | 185 | -393 | 1,104 | 712 |
Unlevered Free Cash Flow | 507.12 | 848.17 | 658.99 | 788.65 | 611.8 | 1,150 | 611.21 | 634.41 | 693.92 | 775.31 | 513.45 | -412.07 | 368.68 | 758.53 | 558.05 | 411.45 | 284.63 | 121.06 | 173.93 | 1,028 |