CANADIAN PACIFIC KANSAS CITY LTD/CN (CP) FY2024 YTD Q3 Statement of Cash Flows
2024-01-01 to 2024-09-30
Statement of Cash Flows
2024-01-01 to 2024-09-30
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Chart details
CANADIAN PACIFIC KANSAS CITY LTD/CN cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024
Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2023
- 464,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 3,565,000,000 US dollars. Net cash provided.
- Depreciation and amortization
- 1,412,000,000 US dollars
- Equity earnings of Kansas City Southern (Note 8, 9)
- 0 US dollars
- Pension recovery and funding (Note 12)
- negative 230,000,000 US dollars
- Settlement of foreign currency forward contracts (Note 11)
- negative 65,000,000 US dollars
- Net income
- 2,514,000,000 US dollars
- Changes in non-cash working capital balances related to operations
- negative 95,000,000 US dollars
- Deferred income tax expense (recovery) (Note 4, 8)
- 40,000,000 US dollars
- Remeasurement loss of Kansas City Southern (Note 8)
- 0 US dollars
- Dividend from Kansas City Southern (Note 9)
- 0 US dollars
- Other operating activities, net
- negative 9,000,000 US dollars
- Settlement of Mexican taxes (Note 4)
- negative 2,000,000 US dollars
- Investing activities
- negative 2,084,000,000 US dollars. Net cash used.
- Additions to Meridian Speedway properties
- negative 29,000,000 US dollars
- Proceeds from sale of properties and other assets
- 19,000,000 US dollars
- Other investing activities, net
- 9,000,000 US dollars
- Additions to properties
- negative 2,083,000,000 US dollars
- Cash acquired on control of Kansas City Southern (Note 8)
- 0 US dollars
- Investment in government securities
- 0 US dollars
- Financing activities
- negative 1,491,000,000 US dollars. Net cash used.
- Other financing activities, net
- 0 US dollars
- Repayment of long-term debt, excluding commercial paper (Note 10)
- negative 309,000,000 US dollars
- Acquisition-related financing fees
- 0 US dollars
- Issuance of Common Shares
- 55,000,000 US dollars
- Dividends paid
- negative 532,000,000 US dollars
- Net (repayment) issuance of commercial paper (Note 10)
- negative 705,000,000 US dollars
- Operating adjustment reconciliation
- 1,452,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,546,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 2,112,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 9,000,000 US dollars
- Ending cash on Sep 30, 2024
- 463,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 4,038,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 1,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.42×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 3,565,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 2,083,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 1,482,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.05B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,565,000,000 US dollars minus 2,083,000,000 US dollars equals 1,482,000,000 US dollars.
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