For the quarter ending 2026-03-31, CP had $225M increase in cash & cash equivalents over the period. $312M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Equity earnings of kansas city southern (note 11, 12) | - | 0 | - | - |
| Remeasurement loss of kansas city southern (note 11) | - | 0 | - | - |
| Gain on sale of equity investment (note 6) | - | 0 | 0 | 333 |
| Net income | 845 | 1,077 | 917 | 2,143 |
| Depreciation and amortization | 512 | 519 | 503 | 997 |
| Deferred income tax expense | 15 | 147 | -11 | 35 |
| Dividends from kansas city southern (note 12) | - | 0 | - | - |
| Pension recovery and funding (note 11) | -99 | -84 | -93 | -190 |
| Settlement of mexican taxes | 0 | 0 | 0 | 12 |
| Settlement of foreign currency forward contracts (note 18) | - | 0 | 0 | 0 |
| Other operating activities, net | -12 | -83 | -55 | 28 |
| Changes in non-cash working capital balances related to operations | 285 | 52 | -13 | 157 |
| Proceeds from sale of equity method investments | - | 0 | 0 | 493 |
| Net cash provided by operating activities | 976 | 1,524 | 1,274 | 2,511 |
| Cash acquired on control of kansas city southern (note 11) | - | 0 | - | - |
| Additions to properties | 664 | 788 | 860 | 1,454 |
| Investment in government securities (note 17) | - | 0 | - | - |
| Additions to meridian speedway properties | 5 | 7 | 7 | 24 |
| Proceeds from settlement of government securities (note 17) | - | 0 | - | - |
| Proceeds from sale of properties and other assets | 8 | 42 | 1 | 15 |
| Other investing activities, net | 11 | 9 | 16 | 51 |
| Net cash used in investing activities | -672 | -762 | -882 | -1,021 |
| Dividends paid | 204 | 204 | 205 | 387 |
| Issuance of common shares | 25 | 21 | 14 | 38 |
| Purchase of common shares (note 10) | 680 | 397 | 1,805 | 1,740 |
| Repayment of long-term debt, excluding commercial paper (note 8) | 345 | 6 | 5 | 940 |
| Issuance of long-term debt, excluding commercial paper (note 17) | - | 3,102 | - | - |
| Issuance of long-term debt, excluding commercial paper (note 8) | -1,481 | - | 0 | 3,102 |
| Net repayment of commercial paper (note 8) | -494 | -392 | 1,221 | -1,175 |
| Net repayment of short-term borrowings | 0 | -1 | 0 | -277 |
| Acquisition-related financing fees | - | 0 | - | - |
| Other financing activities, net | -4 | 0 | -2 | -6 |
| Net cash used in financing activities | -81 | -979 | -782 | -1,385 |
| Effect of foreign currency fluctuations on foreign-denominated cash and cash equivalents | 2 | -10 | 2 | -45 |
| Net increase (decrease) in cash and cash equivalents | 225 | -227 | -388 | 60 |
| Cash and cash equivalents at beginning of period | 184 | 411 | 739 | - |
| Cash and cash equivalents at end of period | 409 | 184 | 411 | - |
CANADIAN PACIFIC KANSAS CITY LTD CN (CP)
CANADIAN PACIFIC KANSAS CITY LTD CN (CP)