← BCE INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income | — | — | — | — | — | — | $2.9b | $2.3b | $344.0m | $6.5b | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $2.9b | $2.3b | $375.0m | $6.5b | |
| Net earnings | — | $3.0b | $3.0b | $3.3b | — | $2.9b | $2.9b | $2.3b | $375.0m | $6.5b | |
| Amortization Cash Flow | — | — | — | — | — | — | $1.1b | $1.2b | $1.3b | $1.4b | |
| Amortization Of Intangibles | — | — | — | — | — | — | $1.1b | $1.2b | $1.3b | $1.4b | |
| Depreciation | — | — | — | — | — | — | $3.7b | $3.7b | $3.8b | $3.9b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $4.7b | $4.9b | $5.0b | $5.2b | |
| Depreciation and amortization | — | $3.9b | $4.0b | $4.4b | $4.4b | $4.6b | $4.7b | $4.9b | $5.0b | $5.2b | |
| Adjustments For Deferred Tax Of Prior Periods | ($32.0m) | ($11.0m) | ($8.0m) | $8.0m | $26.0m | $40.0m | $8.0m | ($1.0m) | $7.0m | $11.0m | |
| Deferred Income Tax | — | — | — | — | — | — | $967.0m | $996.0m | $577.0m | $1.2b | |
| Deferred Tax | — | — | — | — | — | — | $967.0m | $996.0m | $577.0m | $1.2b | |
| Asset Impairment Charge | — | — | — | — | — | — | $279.0m | $143.0m | $2.2b | $1.0b | |
| Impairment of assets | — | — | — | $102.0m | $472.0m | $197.0m | $279.0m | $143.0m | $2.2b | $1.0b | |
| Purchase of shares for settlement of share-based payments | — | ($224.0m) | ($222.0m) | ($142.0m) | ($263.0m) | ($297.0m) | ($255.0m) | ($223.0m) | ($235.0m) | ($216.0m) | |
| Adjustments For Income Tax Expense | $1.1b | $1.0b | $995.0m | $1.1b | $792.0m | $1.0b | $967.0m | $996.0m | $577.0m | $1.2b | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $42.0m | $581.0m | $247.0m | $0 | |
| Net interest expense | — | $942.0m | $987.0m | $1.1b | $1.1b | $1.1b | $1.1b | $1.4b | $1.6b | $1.7b | |
| Additional Financial Items | |||||||||||
| Acquisition and other costs paid | — | ($155.0m) | ($79.0m) | ($60.0m) | ($35.0m) | ($35.0m) | ($10.0m) | ($8.0m) | ($52.0m) | ($87.0m) | |
| Adjustments For Current Tax Of Prior Period | ($14.0m) | ($40.0m) | ($12.0m) | ($22.0m) | ($32.0m) | ($42.0m) | ($8.0m) | ($9.0m) | ($8.0m) | ($11.0m) | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | $58.0m | ($5.0m) | ($34.0m) | $13.0m | $3.0m | ($6.0m) | $24.0m | $80.0m | $57.0m | $5.2b | |
| Beginning Cash Position | — | — | — | — | — | $224.0m | — | $149.0m | $772.0m | $1.6b | |
| Business acquisitions | — | ($1.6b) | ($395.0m) | ($51.0m) | ($65.0m) | ($12.0m) | ($429.0m) | ($222.0m) | ($624.0m) | ($4.9b) | |
| Business dispositions | — | — | — | — | — | $0 | $52.0m | $209.0m | $0 | $102.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($3.0b) | ($1.5b) | ($1.8b) | ($4.6b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($5.5b) | ($5.8b) | ($4.4b) | ($3.6b) | |
| Cash at beginning of year | — | $442.0m | $425.0m | $141.0m | $224.0m | $207.0m | $99.0m | $547.0m | $1.6b | $314.0m | |
| Change In Other Working Capital | — | — | — | — | — | — | $362.0m | ($157.0m) | ($534.0m) | ($657.0m) | |
| Change In Receivables | — | — | — | — | — | ($87.0m) | ($37.0m) | ($57.0m) | — | — | |
| Change In Working Capital | — | — | — | — | — | — | $325.0m | ($157.0m) | ($534.0m) | ($657.0m) | |
| Changes In Cash | — | — | — | — | — | ($17.0m) | — | $623.0m | $800.0m | ($1.3b) | |
| Contributions to post-employment benefit plans | — | ($413.0m) | ($539.0m) | ($290.0m) | ($297.0m) | ($282.0m) | ($140.0m) | ($52.0m) | ($52.0m) | ($49.0m) | |
| Decrease in investments | — | $6.0m | — | — | — | — | — | — | $12.0m | $4.7b | |
| Decrease in short-term investments | — | — | — | — | — | — | — | ($1.0b) | $600.0m | $400.0m | |
| End Cash Position | — | — | — | — | — | $207.0m | — | $772.0m | $1.6b | $320.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($3.0b) | ($1.5b) | ($1.8b) | ($4.6b) | |
| Free Cash Flow | — | — | — | — | — | — | $3.2b | $3.2b | $2.6b | $3.3b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($24.0m) | ($80.0m) | ($57.0m) | ($5.2b) | |
| Goodwill | $9.0b | $10.4b | $10.7b | $10.7b | $10.6b | $10.6b | $10.9b | $10.9b | $10.3b | $13.2b | |
| Income taxes | — | $1.0b | $995.0m | $1.1b | $792.0m | $1.0b | $967.0m | $996.0m | $577.0m | $1.2b | |
| Increase Decrease In Working Capital | ($286.0m) | ($480.0m) | ($381.0m) | ($57.0m) | ($473.0m) | ($372.0m) | ($404.0m) | $100.0m | $534.0m | $657.0m | |
| Increase in investments | — | — | — | — | — | — | — | — | ($34.0m) | ($83.0m) | |
| Increase in notes payable | — | $333.0m | ($123.0m) | ($1.1b) | ($1.6b) | $351.0m | $111.0m | ($646.0m) | $1.9b | $452.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($5.5b) | ($5.8b) | ($4.4b) | ($3.6b) | |
| Issuance Of Capital Stock | — | — | — | — | — | $261.0m | $171.0m | $18.0m | $0 | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($377.0m) | ($13.0m) | ($624.0m) | ($4.8b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($3.0m) | ($183.0m) | ($531.0m) | ($3.0m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | ($125.0m) | ($140.0m) | ($92.0m) | ($182.0m) | |
| Net change in operating assets and liabilities | — | $480.0m | $381.0m | $57.0m | $473.0m | $372.0m | $404.0m | ($100.0m) | ($534.0m) | ($657.0m) | |
| Net early debt redemption gains | — | — | — | — | — | — | — | — | $0 | ($249.0m) | |
| Net equity losses from investments in associates and joint ventures | — | — | — | — | — | — | $42.0m | $581.0m | $247.0m | $0 | |
| Net gains on investments | — | $5.0m | $34.0m | ($13.0m) | ($3.0m) | $6.0m | ($24.0m) | ($80.0m) | ($57.0m) | ($5.2b) | |
| Operating Gains Losses | — | — | — | — | — | — | $216.0m | $599.0m | $332.0m | ($5.4b) | |
| Other Non Cash Items | — | — | — | — | — | — | $875.0m | $1.3b | $1.5b | $1.6b | |
| Payments To Acquire Or Redeem Entitys Shares | $106.0m | $224.0m | $222.0m | $142.0m | $263.0m | $297.0m | $255.0m | $223.0m | $235.0m | $216.0m | |
| Payments under other post-employment benefit plans | — | ($77.0m) | ($75.0m) | ($72.0m) | ($61.0m) | ($65.0m) | ($64.0m) | ($64.0m) | ($61.0m) | ($59.0m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $198.0m | $98.0m | $142.0m | $96.0m | |
| Post-employment benefit plans cost | — | $314.0m | $335.0m | $310.0m | $315.0m | $286.0m | $198.0m | $98.0m | $142.0m | $96.0m | |
| Preferred Stock Payments | — | — | — | — | — | — | ($125.0m) | ($140.0m) | ($92.0m) | ($182.0m) | |
| Proceeds From Issuing Shares | $99.0m | $117.0m | $11.0m | $240.0m | $26.0m | $261.0m | $171.0m | $18.0m | $0 | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($255.0m) | ($223.0m) | ($235.0m) | ($216.0m) | |
| Purchase Of Business | — | — | — | — | — | — | ($429.0m) | ($222.0m) | ($624.0m) | ($4.9b) | |
| Purchase Of Intangible Assets Classified As Investing Activities | — | — | $56.0m | $0 | $86.0m | $2.1b | $3.0m | $183.0m | $531.0m | $3.0m | |
| Purchase Of Intangibles | — | — | — | — | — | ($2.1b) | ($3.0m) | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($125.0m) | ($140.0m) | ($92.0m) | ($182.0m) | |
| Repurchase of preferred shares | — | — | — | — | — | $0 | ($125.0m) | ($140.0m) | ($92.0m) | ($182.0m) | |
| Sale Of Business | — | — | — | — | — | — | $52.0m | $209.0m | $0 | $102.0m | |
| Severance and other costs paid | — | ($147.0m) | ($138.0m) | ($168.0m) | ($78.0m) | ($208.0m) | ($129.0m) | ($178.0m) | ($330.0m) | ($425.0m) | |
| Severance, acquisition and other costs | — | $190.0m | $136.0m | $114.0m | $116.0m | $209.0m | $94.0m | $200.0m | $454.0m | $517.0m | |
| Spectrum licences | — | $0 | ($56.0m) | $0 | ($86.0m) | ($2.1b) | ($3.0m) | ($183.0m) | ($531.0m) | ($3.0m) | |
| Profit or Loss | $3.1b | $3.0b | $3.0b | $3.3b | $2.7b | $2.9b | $2.9b | $2.3b | $375.0m | $6.5b | |
| Capital Expenditure | — | — | — | — | — | — | ($5.1b) | ($4.8b) | ($4.4b) | ($3.7b) | |
| Capital Expenditure Reported | — | $4.0b | $4.0b | $4.0b | $4.2b | $4.8b | ($5.1b) | ($4.6b) | ($3.9b) | ($3.7b) | |
| Capital expenditures | — | ($4.0b) | ($4.0b) | ($4.0b) | ($4.2b) | ($4.8b) | ($5.1b) | ($4.6b) | ($3.9b) | ($3.7b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | ($1.0b) | $578.0m | $5.0b | |
| Purchase Of Investment | — | — | — | — | — | — | — | — | ($34.0m) | ($83.0m) | |
| Sale Of Investment | — | — | — | — | — | — | — | — | $612.0m | $5.1b | |
| Net Other Investing Changes | — | — | — | — | — | — | ($4.0m) | ($4.0m) | $36.0m | ($95.0m) | |
| Other investing activities | — | ($83.0m) | ($32.0m) | $3.0m | ($79.0m) | ($72.0m) | ($4.0m) | ($4.0m) | $14.0m | ($95.0m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $2.0b | $5.2b | $5.8b | $8.3b | |
| Issue of long-term debt | — | $3.0b | $3.0b | $2.0b | $6.0b | $5.0b | $2.0b | $5.2b | $3.8b | $7.8b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $2.0b | $5.2b | $3.8b | $7.8b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $39.0m | $2.7b | $2.5b | ($1.8b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($72.0m) | $3.3b | $531.0m | ($2.3b) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $111.0m | ($646.0m) | $1.9b | $452.0m | |
| Short Term Debt Issuance | — | — | — | — | — | $351.0m | $111.0m | — | $1.9b | $452.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($2.0b) | ($1.9b) | ($3.3b) | ($10.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($2.0b) | ($1.9b) | ($3.3b) | ($10.1b) | |
| Repayment of long-term debt | — | ($2.7b) | ($2.7b) | ($2.2b) | ($5.0b) | ($2.8b) | ($2.0b) | ($1.9b) | ($3.3b) | ($10.1b) | |
| Short Term Debt Payments | — | — | — | — | — | ($150.0m) | — | ($646.0m) | — | — | |
| Common Stock Issuance | — | — | — | — | — | $261.0m | $171.0m | $18.0m | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | $261.0m | $171.0m | $18.0m | $0 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($3.4b) | ($3.7b) | ($3.8b) | ($2.2b) | |
| Cash dividends paid on common shares | — | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | ($3k) | ($4k) | ($2k) | |
| Cash dividends paid on preferred shares | — | ($127) | ($149) | ($147) | ($132) | ($125) | ($136) | ($182) | ($187) | ($151) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($3.3b) | ($3.5b) | ($3.6b) | ($2.0b) | |
| Dividends paid | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | $3.3b | $3.5b | $3.7b | $3.8b | $2.3b | |
| Payments of Dividends | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | $3.3b | $3.5b | $3.7b | $3.8b | $2.3b | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($136.0m) | ($182.0m) | ($187.0m) | ($151.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | $630.0m | ($220.0m) | ($99.0m) | ($240.0m) | |
| Other financing activities | — | ($60.0m) | ($77.0m) | ($53.0m) | ($93.0m) | ($78.0m) | ($31.0m) | ($24.0m) | ($31.0m) | ($189.0m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | — | — | $0 | $1.0m | |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | — | — | — | — | $0 | $1.0m | |
| Net (decrease) increase in cash | — | ($161.0m) | ($17.0m) | ($284.0m) | $83.0m | ($17.0m) | ($190.0m) | $448.0m | $1.0b | ($1.3b) | |
| Net increase (decrease) in cash equivalents | — | ($67.0m) | ($183.0m) | $4.0m | ($4.0m) | $0 | $50.0m | $175.0m | ($225.0m) | $6.0m | |
| Cash equivalents at beginning of year | — | $183.0m | $0 | $4.0m | $0 | $0 | $50.0m | $225.0m | $0 | $6.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | ($17.0m) | — | $623.0m | $800.0m | ($1.3b) | |
| Interest Paid Classified As Operating Activities | $882.0m | $965.0m | $990.0m | $1.1b | $1.1b | $1.1b | $1.2b | $1.5b | $1.8b | $1.8b | |
| Income Taxes Paid Refund Classified As Operating Activities | $565.0m | $675.0m | $650.0m | $725.0m | $846.0m | $913.0m | $749.0m | $700.0m | $783.0m | $737.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.