Canadian Pacific Kansas City Limited (CP)
NYSE: CP · Real-Time Price · USD
87.48
-1.30 (-1.46%)
At close: Sep 18, 2026, 4:00 PM EDT
88.33
+0.85 (0.97%)
After-hours: Sep 18, 2026, 7:58 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 | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 1,024 | 846 | 1,077 | 920 | 1,234 | 910 | 1,201 | 837 | 905 | 775 | 1,023 | 780 | 1,324 | 800 | 1,271 | 891 | 765 | 590 | 532 | 472 |
Depreciation & Amortization | 519 | 512 | 519 | 503 | 493 | 504 | 488 | 472 | 473 | 467 | 457 | 451 | 410 | 225 | 219 | 213 | 211 | 210 | 206 | 203 |
Loss (Gain) From Sale of Investments | - | - | - | - | -333 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Loss (Gain) on Equity Investments | - | - | - | - | - | - | - | - | - | - | - | - | -26 | 96 | 117 | 38 | -208 | 136 | 141 | - |
Other Operating Activities | 63 | -97 | -20 | -162 | -48 | -92 | -104 | -17 | -128 | -124 | -32 | -137 | -827 | -100 | -50 | -39 | 26 | -156 | 37 | 100 |
Change in Accounts Receivable | - | - | 32 | - | - | - | -133 | - | - | - | -317 | - | - | - | -147 | - | - | - | 32 | - |
Change in Inventory | - | - | -53 | - | - | - | -36 | - | - | - | 1 | - | - | - | -27 | - | - | - | -14 | - |
Change in Accounts Payable | - | - | -271 | - | - | - | 202 | - | - | - | 57 | - | - | - | 95 | - | - | - | -108 | - |
Change in Other Net Operating Assets | 120 | -285 | 240 | 13 | 9 | -166 | 86 | -20 | 28 | -103 | 147 | -67 | 11 | -140 | 242 | -1 | -87 | -167 | -222 | -227 |
Operating Cash Flow | 1,726 | 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 |
Operating Cash Flow Growth (YoY) | 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% |
Investing Activities
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -766 | -669 | -795 | -867 | -755 | -723 | -751 | -757 | -824 | -531 | -705 | -752 | -636 | -405 | -539 | -422 | -370 | -226 | -421 | -372 |
Sale of Property, Plant & Equipment | 4 | 8 | 42 | 1 | 4 | 11 | 45 | 9 | 9 | 1 | 29 | 12 | 12 | 4 | 21 | 11 | 11 | 15 | 31 | 16 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | 298 | - | - | - | - | - | 1,773 | -1,773 |
Investment in Securities | - | - | - | - | 493 | - | - | - | - | - | 274 | - | -267 | - | - | - | - | - | -12,299 | - |
Other Investing Activities | - | -11 | -9 | -16 | -48 | -3 | -6 | -12 | 33 | -12 | 1 | -2 | -24 | - | - | 1 | -3 | 5 | 6 | - |
Investing Cash Flow | -762 | -672 | -762 | -882 | -306 | -715 | -712 | -760 | -782 | -542 | -401 | -742 | -617 | -401 | -518 | -410 | -362 | -206 | -10,910 | -2,129 |
Financing Activities
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | 778 | - | - | 1,221 | 8 | - | - | - | - | - | - | - | 550 | - | - | - | 20 | 320 | - | 713 |
Long-Term Debt Issued | - | 1,621 | - | - | 1,392 | 1,710 | - | - | - | - | - | - | - | - | - | - | - | - | - | 633 |
Total Debt Issued | 778 | 1,621 | -46 | 1,221 | 1,400 | 1,710 | 713 | - | - | - | 692 | - | 550 | - | -298 | - | 20 | 320 | 10,673 | 1,346 |
Short-Term Debt Repaid | - | -494 | - | - | -722 | -738 | - | -343 | -157 | -205 | - | -147 | - | - | - | -42 | - | - | - | - |
Long-Term Debt Repaid | -352 | -345 | - | -5 | -5 | -935 | - | -89 | -149 | -71 | - | -12 | -610 | -486 | - | -511 | -142 | -542 | - | -318 |
Total Debt Repaid | -352 | -839 | -353 | -5 | -727 | -1,673 | -1,313 | -432 | -306 | -276 | -1,287 | -159 | -610 | -486 | -427 | -553 | -142 | -542 | -398 | -318 |
Net Debt Issued (Repaid) | 426 | 782 | -399 | 1,216 | 673 | 37 | -600 | -432 | -306 | -276 | -595 | -159 | -60 | -486 | -725 | -553 | -122 | -222 | 10,275 | 1,028 |
Issuance of Common Stock | 30 | 25 | 21 | 14 | 30 | 8 | 14 | 13 | 20 | 22 | 19 | 13 | 19 | 18 | 14 | 9 | 1 | 8 | 5 | 4 |
Repurchase of Common Stock | -1,283 | -680 | -397 | -1,805 | -1,393 | -347 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Common Dividends Paid | -204 | -204 | -204 | -205 | -210 | -177 | -177 | -177 | -178 | -177 | -177 | -177 | -176 | -177 | -177 | -177 | -176 | -177 | -127 | -127 |
Other Financing Activities | - | -4 | - | -2 | -1 | -5 | 2 | - | - | - | - | -1 | -16 | - | - | - | - | - | -23 | -3 |
Financing Cash Flow | -1,031 | -81 | -979 | -782 | -901 | -484 | -761 | -596 | -464 | -431 | -753 | -324 | -233 | -645 | -888 | -721 | -297 | -391 | 10,130 | 902 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 24 | 2 | -10 | 2 | -44 | -1 | 45 | -10 | 6 | 13 | -12 | 8 | -7 | 4 | -1 | 13 | 8 | - | 35 | 10 |
Net Cash Flow | -43 | 225 | -227 | -388 | 104 | -44 | 276 | -94 | 38 | 55 | 170 | -31 | 35 | -161 | 313 | -16 | 56 | 16 | -141 | -669 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 960 | 307 | 729 | 407 | 600 | 433 | 953 | 515 | 454 | 484 | 631 | 275 | 256 | 476 | 1,181 | 680 | 337 | 387 | 183 | 176 |
Free Cash Flow Growth (YoY) | 60.00% | -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% |
Free Cash Flow Margin | 23.05% | 8.29% | 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% | 21.05% | 8.97% | 9.06% |
Free Cash Flow Per Share | 1.08 | 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 |
Levered Free Cash Flow | 902.25 | 370.25 | 469.63 | 439.25 | 625.13 | 467.5 | 741.25 | 499 | 462.38 | 626.63 | 658.13 | 371.88 | 296.88 | 230.13 | 481.5 | 372.63 | 291.5 | 194 | 339.5 | 39.5 |
Unlevered Free Cash Flow | 1,050 | 512.75 | 613.38 | 578 | 755.13 | 602.5 | 868.13 | 619 | 587.38 | 755.38 | 786.88 | 501.25 | 424.38 | 326.38 | 585.25 | 476.38 | 391.5 | 294 | 417.63 | 104.5 |
Additional Metrics
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 247 | 203 | 257 | 192 | 234 | 180 | 251 | 157 | 161 | 245 | 255 | 152 | 271 | 147 | 174 | 148 | 169 | 150 | 61 | 153 |
Cash Income Tax Paid | 286 | 291 | 305 | 204 | 409 | 237 | 234 | 173 | 309 | 242 | 258 | 205 | 259 | 184 | 89 | 67 | 93 | 159 | 151 | 129 |
Change in Working Capital | 120 | -285 | -52 | 13 | 9 | -166 | 119 | -20 | 28 | -103 | -112 | -67 | 11 | -140 | 163 | -1 | -87 | -167 | -312 | -227 |