Canadian Pacific Railway Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	4,073	4,137	3,713	3,923	3,517	2,852
Depreciation & Amortization	2,027	2,019	1,900	1,543	853	811
Other Adjustments	-656	-651	-368	-1,021	-136	91
Changes in Other Operating Activities	-315	-196	24	-308	-92	-66
Operating Cash Flow	5,129	5,309	5,269	4,137	4,142	3,688
Operating Cash Flow Growth	-5.19%	0.76%	27.36%	-0.12%	12.31%	31.62%
Capital Expenditures	-3,086	-3,140	-2,863	-2,499	-1,557	-1,532
Sale of Property, Plant & Equipment	55	58	64	57	58	96
Purchases of Investments	-	-	-	-267	-	-12,299
Proceeds from Sale of Investments	493	493	-	274	-	-
Other Investing Activities	-84	-76	3	273	3	5
Investing Cash Flow	-2,622	-2,665	-2,796	-2,162	-1,496	-13,730
Net Short-Term Debt Issued (Repaid)	-1,208	-624	713	1,095	-415	-454
Long-Term Debt Issued	3,013	3,102	-	-	-	11,306
Long-Term Debt Repaid	-361	-951	-2,327	-2,395	-1,207	-359
Net Long-Term Debt Issued (Repaid)	2,652	2,151	-2,327	-2,395	-1,207	10,947
Issuance of Common Stock	90	73	69	69	32	25
Repurchase of Common Stock	-4,275	-3,942	-	-	-	-
Net Common Stock Issued (Repurchased)	-4,185	-3,869	69	69	32	25
Common Dividends Paid	-823	-796	-709	-707	-707	-507
Other Financing Activities	-7	-8	2	-17	-	-75
Financing Cash Flow	-2,743	-3,146	-2,252	-1,955	-2,297	9,936
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-50	-53	54	-7	20	41
Net Cash Flow	-286	-555	275	13	369	-65
Free Cash Flow	2,043	2,169	2,406	1,638	2,585	2,156
Free Cash Flow Growth	-5.81%	-9.85%	46.89%	-36.63%	19.90%	90.63%
FCF Margin	13.63%	14.39%	16.54%	13.05%	29.33%	26.97%
Free Cash Flow Per Share	2.25	2.37	2.57	1.75	2.77	3.16
Levered Free Cash Flow	4,147	4,351	1,165	1,363	1,099	12,558
Unlevered Free Cash Flow	2,811	2,916	3,091	-6,902	2,029	1,739

SEC Filings: 10-K · 10-Q