For the year ending 2025-12-31, CP had -$555M decrease in cash & cash equivalents over the period. $2,207M in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 4,137 |
| Depreciation and amortization (note 13, 15) | 2,019 |
| Deferred income tax expense (recovery) (note 11) | 171 |
| Pension recovery and funding (note 23) | -367 |
| 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) | 333 |
| Dividends from kansas city southern (note 12) | 0 |
| Settlement of mexican taxes (note 7) | 12 |
| Settlement of foreign currency forward contracts (note 18) | 0 |
| Other operating activities, net | -110 |
| Change in non-cash working capital balances related to operations (note 22) | 196 |
| Net cash provided by operating activities | 5,309 |
| Additions to properties | 3,102 |
| Additions to meridian speedway properties | 38 |
| Proceeds from sale of properties and other assets | 58 |
| Proceeds from sale of equity method investments | 493 |
| Cash acquired on control of kansas city southern (note 11) | 0 |
| Investment in government securities (note 17) | 0 |
| Proceeds from settlement of government securities (note 17) | 0 |
| Other investing activities, net | 76 |
| Net cash used in investing activities | -2,665 |
| Dividends paid | 796 |
| Issuance of common shares (note 21) | 73 |
| Payments for repurchase of common stock | 3,942 |
| Repayment of long-term debt, long-term lease obligation, and capital security | 951 |
| Issuance of long-term debt, excluding commercial paper (note 17) | 3,102 |
| Net (repayment) issuance of commercial paper (note 17) | -346 |
| Net (repayment) issuance in short-term borrowings (note 17) | -278 |
| Acquisition-related financing fees | 0 |
| Other financing activities, net | -8 |
| Net cash used in financing activities | -3,146 |
| Effect of foreign currency fluctuations on foreign-denominated cash and cash equivalents | -53 |
| (decrease) increase in cash and cash equivalents | -555 |
| Cash and cash equivalents at beginning of period | 739 |
| Cash and cash equivalents at end of year | 184 |
CANADIAN PACIFIC KANSAS CITY LTD CN (CP)
CANADIAN PACIFIC KANSAS CITY LTD CN (CP)