EFTA01371120.pdf

31 October 2017 Railroads Canadian Rails Financial Statements Figure 101: CP Income Statement Canadian Pacific Rai Nay (CP/ 011/011111Inca?. Statettent (L5•Slifirt.4 1433. M.1( RPM 1953 Plici. 41 1017 511 10/7 051017 9420115 nut. 2059 20191 Opnn6rjRenenue Total ma bright nmenum. 5,550 5.982 6.464 6352 6.060 3361 1.598 1.547 3.660 6.368 6.643 7870 Vol Cnmx 9V% 7.3% 42% l4% (7 5%) 20% 347% 21% •0% 53% 44% 64% 2tnec reimort 145 151 156 160 172 40 45 48 43 176 183 195 orOmion. 1673 I1% 33% 24% 73% (70%3 23% 91% 40% 21% 4,44 64% Total Operating Revenue 5.695 4131 4620 4.712 6232 MU 1.441 1.595 3.702 6.545 6233 721$ Rol Cooiao 100% 7.7% 79% 144 P.M 04% 133% 26% 40% 50% 4.(14 44% C41811811.1191=41 Commim.than and *netts IAN 13711 1343 3-371 1.169 2114 377 356 255 3.072 3.092 3.139 Nod 999 1201 3.03/1 708 567 170 360 350 177 657 699 745 %Lonna 238 360 103 04 310 49 44 45 43 1115 365 139 Cavipmem cents 206 173 155 174 171 .16 17 16 19 14> 157 367 Oeprowbon ard ammon0abn 539 565 552 595 640 266 165 162 167 660 683 713 Punammiserocco *Mono. 9311 998 985 1.060 925 274 277 257 264 1.076 3.055 1.090 Total operating /spans 4186 4217 4283 4302 3.634 983 964 905 944 3.796 3372 4329 YoIrChmon 41% 121%1 MO11 (4t%) ao n! 0r% . .. :0'. : 3% Operatimitatio(01110nns01Nil 77 0% 69 8% 447% 61.0% 5004 II I% 56.7% 11.5% SS" 297% 556% Val' V..provenienl Weter001000 41249' 720 b ps 511ups 370 bps 23369' 123712311 JJJ bps yy op. 73 bps 42 bps 1326p, 108 bps OMini'.*KM* 1.109 1.851 7.339 2420 2.578 620 679 690 758 2.747 2.960 3.226 th y (ltn., it CY 41 4 't 0.4% 0% 1:6%I 15 1%) 71" 101 0, 66% 8% V0.% incnarnental 4411111 223.7% 1002% 305.4%. (75.0%) 663% 60.5% 63.4% 54.4% 73.7% 614% ClOitt IncomeAN Pane% frac Othet axon, (37) 111, lin /7 C )3: 0 0 13) 0 0 referect eirensr 1276/ )2 77) 17821 31.1) 1471: 11:71 11121 i11%) 1116) (273) 17601 1483/ Total other income 1313) (293) 0891 11751 1430) 1120) 1125) DIP UM (4761 On) 14831 Pre./ More telen Inca,.. tam 996.0 1.556.0 2050.0 2,245.0 2.09110 500.0 554.0 575.0 642.3 2.2713 2491.9 2.7424 icinnon into,- to. nor 251% 2611% 175% 276% 262% 264% 265% 166% 26.5% 265% 265% 265% nom. tom% 2513 4170 566 0 620.0 6190 1320 147.0 153.0 3702 602.2 660.4 7261 mil Inman* porm3wing) 744.7 3,1360 1,486.0 1425.0 3549.0 368.0 407.0 422.0 472.1 1,669.1 2131.5 2315.9 fmnoed(i....) darts (.'60 7) (2570: 16 0) (27.1 0) 500 410 730 PS 0 00 2240 00 0.0 "In Iacono Impaled) 484.0 832.0 1.480.0 1.152.0 1399.0 431.0 480.0 510.0 472.1 1.892.1 3.831.5 2.015.9 "ST Choorni /15111 t2YY 10 1.6. 94% (4 n) (42") 594% 42% 54% 744% 97% 101% Diluted (PS (ContmAng1 54.30 56.45 $132 510.09 510.19 $2.50 52.77 52.90 53.29 $11.44 613.14 514.95 ormetlinev tem/ 153 51/ ($144) ($003) (51 20) 5033 50 41 $0 '61 50 60 50 00 53 54 $0 00 $0.00 6666 OIWN IP% filmarle4) $2.40 $5.00 $1.49 $4.40 510.61 12.93 $3.7 $950 $3 $12.98 713.14 $14.15 SOT Chempt (ioedr..n9) /169%) 500% 320% IS SN 20% an 355% 62% 1% 112% 142% 11891( lug ban diarm outiencirg 3738 174 9 17211 1198 1496 146$ 1465 1455 2'/ 4 145 5 lift 1 i 14 5 Avg 64234 Wen 0.4041,1641 173 3 176 5 1744 1610 1505 1471 1469 106 143 7 145 9 1394 114.6 sans 0/44841.• an CONS% 77169. Deutsche Bank Securities Inc Page 51 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0064321 CONFIDENTIAL SDNY_GM_00210505 EFTA01371120