Canadian Pacific Kansas City Ltd. (CP)CPCanadian Pacific Kansas City Ltd.

Cash Flow Statement

Operating, investing, and financing cash flow analysis

Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	3.721B	701.666M	1.110B	914.732M	995.247M	803.235M	1.184B	940.072M	934.704M
Net Income	3.199B	848.186M	784.271M	660.560M	906.373M	632.304M	834.575M	618.585M	661.899M
Depreciation & Amortization	1.615B	513.323M	377.936M	361.154M	362.108M	350.199M	339.111M	348.832M	345.943M
Stock-Based Compensation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Receivable	5.625B	1.583B	1.478B	1.092B	1.473B	1.420B	1.368B	1.434B	1.385B
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-226.814M	-204.892M	-37.866M	9.334M	6.611M	-115.343M	82.693M	-14.781M	20.479M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-2.237B	-480.957M	-578.919M	-622.506M	-554.548M	-502.369M	-521.870M	-559.461M	-602.657M
Acquisitions	3.106M	0.00	-359.003M	0.00	362.108M	0.00	0.00	0.00	6.582M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-3.097B	-488.866M	-289.095M	-1.296B	-1.023B	-241.109M	0.00	0.00	0.00
Dividends Paid	-596.647M	-146.660M	-148.553M	-147.190M	-154.245M	-122.987M	-122.997M	-130.812M	-130.186M
Free Cash Flow (FCF)	1.484B	220.708M	530.858M	292.226M	440.700M	300.866M	662.240M	380.611M	332.047M
Net Change in Cash	-205.740M	161.757M	-165.301M	-278.584M	76.388M	-30.573M	191.792M	-69.471M	27.792M

Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	3.866B	3.661B	3.121B	3.056B	2.916B	2.199B	2.301B	1.987B
Net Income	3.015B	2.584B	2.963B	2.594B	2.255B	1.918B	1.877B	1.430B
Depreciation & Amortization	1.470B	1.320B	1.164B	629.258M	641.177M	611.359M	543.196M	510.029M
Stock-Based Compensation	0.00	0.00	0.00	83.360M	0.00	0.00	0.00	0.00
Change in Accounts Receivable	1.478B	1.368B	1.424B	749.503M	647.501M	647.460M	619.367M	597.232M
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-142.727M	16.678M	-232.386M	-67.868M	-52.180M	-305.287M	-20.004M	47.632M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-2.287B	-1.989B	-1.885B	-1.149B	-1.211B	-1.311B	-1.267B	-1.137B
Acquisitions	0.00	0.00	224.841M	42.787M	-9.724B	-297.439M	-133.876M	57.158M
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-2.871B	0.00	0.00	0.00	0.00	-1.184B	-872.500M	-808.278M
Dividends Paid	-579.647M	-492.684M	-533.431M	-521.554M	-400.834M	-366.502M	-316.993M	-255.014M
Free Cash Flow (FCF)	1.579B	1.672B	1.236B	1.907B	1.705B	887.609M	1.033B	850.781M
Net Change in Cash	-404.151M	191.097M	9.809M	272.211M	-51.389M	10.987M	55.397M	-202.986M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Canadian Pacific Kansas City Ltd.

Specializing in railway freight transportation, Canadian Pacific Kansas City Ltd. operates an extensive rail network connecting Canada, the United States, and Mexico. The company, headquartered in Calgary, Canada, began its operations on June 22, 2001.

Calgary, AB

19,992 employees

www.cpkcr.com

Industrials / Railroads

Sector: Industrials
Industry: Railroads
CEO: Keith E. Creel

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