Business Context and Reporting Period
Company: Canadian Pacific Railway Limited
Filing Type: Form 8-K (Current Report)
Date of Report: July 19, 2016
Event: Correction of previously reported operational data for Week 28 of 2015.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity figures. It addresses a specific operational metric correction:
- 2015 Week 28 Revenue Ton Miles (RTMs): Originally reported as 2,441 million; corrected to 2,619 million.
- 2016 Week 28 RTMs: Confirmed as correctly reported in prior filings.
Material Changes Versus Prior Period
The Company identified an understatement of 2015 Week 28 RTMs. Consequently, the previously disclosed year-over-year percentage changes for this metric were overstated. The correction increases the 2015 baseline by 178 million RTMs.
Guidance, Outlook, and Risks
The filing contains no updated financial guidance, management outlook, or new risk factors. The primary contingency noted is the revision of historical operational data, which impacts the accuracy of prior year-over-year growth comparisons.
Investor Verification Checklist
- Verify the corrected 2015 Week 28 RTM figure of 2,619 million against the original 2,441 million.
- Recalculate year-over-year RTM growth rates using the corrected 2015 baseline.
- Review the attached Press Release (Exhibit 99.1) for any additional context on the data error.