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Canadian Pacific Kansas City (CP) Q3 FY2021 earnings: revenue $1.9 billion, up 4.2% on the year

Canadian Pacific Kansas City Ltd. (CP) reported revenue of $1.9 billion for Q3 FY2021, the quarter ended 30 September 2021, up 4.2% on the same quarter a year earlier. Net income was $472 million, down 21.1% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 20 October 2021.

Revenue$1.9 billionup 4.2%
Net income$472 milliondown 21.1%
Diluted EPS$0.70
QuarterQ3 FY2021ended 30 September 2021

The quarter, against the one before and a year earlier

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Revenue1,942n/an/an/a
Operating income774n/an/an/a
Operating margin39.9%n/an/a
Pre-tax income641n/an/an/a
Income tax169n/an/an/a
Effective tax rate26.4%n/an/a
Net income472n/an/an/a
Net margin24.3%n/an/a
Diluted EPS$0.70n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Operating cash flow548n/an/an/a
Capital expenditure372n/an/an/a
Free cash flow176n/an/an/a
Free cash flow margin9.1%n/an/a
Cash from investing-2,129n/an/an/a
Cash from financing902n/an/an/a
Depreciation and amortisation203n/an/an/a
Share-based compensation26.0n/an/an/a
Buybacks0.0n/an/an/a
Dividends paid127n/an/an/a
Dividend per share$0.19n/an/an/a
Diluted shares, weighted670mn/an/an/a
Shares outstanding at period end667mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Shareholders' equity9,468n/an/an/a
Debt8,036n/an/an/a
Other liabilities8,941n/an/an/a
Total liabilities and equity26,445n/an/an/a
Fixed assets21,007n/an/an/a
Cash and equivalents210n/an/an/a
Receivables811n/an/an/a
Other assets4,417n/an/an/a
Total assets26,445n/an/an/a

Questions

What was Canadian Pacific Kansas City's revenue in Q3 FY2021?

Canadian Pacific Kansas City (CP) reported revenue of $1.9 billion for Q3 FY2021, the quarter ended 30 September 2021, up 4.2% on the same quarter a year earlier.

How much did Canadian Pacific Kansas City earn in Q3 FY2021?

Net income for Q3 FY2021 was $472 million, down 21.1% on the year, and diluted earnings per share $0.70.

When did Canadian Pacific Kansas City report Q3 FY2021 results?

Canadian Pacific Kansas City filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 20 October 2021.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,9422,0401,8382,2022,3122,4622,2663,1743,3393,7763,5203,6033,5493,8743,7953,6993,6613,9233,7014,164
Operating income7748325358689379898299441,1731,4421,1491,2671,2031,5601,3171,3431,3361,6131,2581,472
Operating margin40%41%29%39%41%40%37%30%35%38%33%35%34%40%35%36%36%41%34%35%
Pre-tax income6416836751,0101,0871,373963-6,3471,0381,2931,0331,1951,0991,4451,2011,5911,2131,4771,1201,359
Tax rate26%22%13%24%18%7%17%n/a25%21%25%24%24%17%24%22%24%27%25%25%
Net income4725325907658911,2718001,3247801,0237759058371,2019101,2349201,0778461,024
Net margin24%26%32%35%39%52%35%42%23%27%22%25%24%31%24%33%25%27%23%25%
Diluted EPS$0.70$0.74$0.63$0.82$0.96$1.36$0.86$1.42$0.84$1.10$0.83$0.97$0.90$1.28$0.97$1.33$1.01$1.20$0.94$1.15
Operating cash flow5486046137071,1021,7208818921,0271,3371,0151,2781,2721,7041,1561,3551,2741,5249761,726
Capital expenditure372421226370422539405628733702527808748742711743860788664758
Free cash flow1761833873376801,181476264294635488470524962445612414736312968
Buybacks0.00.0n/an/an/an/an/an/an/an/a0.00.00.00.03471,3931,8053976801,283
Dividends paid127127177176177177177176177177177178177177177210205204204204
Shares outstanding667m930m930m930m930m930m931m931m932m932m933m933m933m934m930m918m901m898m888m879m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2021, filed 20 October 2021: the filing.