← BCE INC

	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Total Revenue	$21.7b	$22.7b	$7.4b	$7.4b	$7.0b	$7.3b	$7.6b	$24.7b	$24.4b	$24.5b
Revenue From Interest	—	—	—	—	—	—	—	$67.0m	$123.0m	$79.0m
Cost of Revenue	$6.7b	$7.1b	$2.3b	$2.3b	$2.2b	$2.3b	$2.4b	$7.9b	$7.7b	$7.7b
Operating expenses:
Operating costs	($12.9b)	($13.5b)	($13.9b)	($13.9b)	($13.3b)	($13.6b)	($14.0b)	($14.3b)	($13.8b)	($13.8b)
Additional Financial Items
Amortization	($631.0m)	($813.0m)	($869.0m)	($902.0m)	($929.0m)	($982.0m)	($1.1b)	($1.2b)	($1.3b)	($1.4b)
Applicable Tax Rate	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Average Effective Tax Rate	$0	$0	$0	$0	$0	$0	$0	$0	$1	$0
Common shareholders	$2.9b	$2.8b	$2.8b	$3.0b	$2.5b	$2.7b	$2.7b	$2.1b	$163.0m	$6.3b
Depreciation	($2.9b)	($3.0b)	($3.1b)	($3.5b)	($3.5b)	($3.6b)	($3.7b)	($3.7b)	($3.8b)	($3.9b)
Impairment of assets	—	—	—	($102.0m)	($472.0m)	($197.0m)	($279.0m)	($143.0m)	($2.2b)	($1.0b)
Income taxes	($1.1b)	($1.0b)	($995.0m)	($1.1b)	($792.0m)	($1.0b)	($967.0m)	($996.0m)	($577.0m)	($1.2b)
Net earnings	$3.1b	$3.0b	$3.0b	$3.3b	$2.7b	$2.9b	$2.9b	$2.3b	$375.0m	$6.5b
Net gains on investments	—	—	—	—	—	—	—	—	$57.0m	$5.2b
Net return on post-employment benefit plans	—	—	—	—	—	($20.0m)	$51.0m	$108.0m	$66.0m	$102.0m
Non-controlling interest	$56.0m	$56.0m	$44.0m	$62.0m	$65.0m	$52.0m	$58.0m	$64.0m	$31.0m	$54.0m
Preferred shareholders	$137.0m	$128.0m	$144.0m	$151.0m	$136.0m	$131.0m	$152.0m	$187.0m	$181.0m	$155.0m
Profit Loss Attributable To Noncontrolling Interests	$56.0m	$56.0m	$44.0m	$62.0m	$65.0m	$52.0m	$58.0m	$64.0m	$31.0m	$54.0m
Profit Loss Before Tax	$4.2b	$4.0b	$4.0b	$4.4b	$3.3b	$3.9b	$3.9b	$3.3b	$952.0m	$7.7b
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method	($89.0m)	($31.0m)	—	—	—	—	—	($581.0m)	($247.0m)	$0
Basic Earnings (Loss) Per Share	$3.33	$3.12	$0.54	$70.74	$0.47	$2.99	$2.98	$2.28	$0.18	$6.79
Diluted Earnings (Loss) Per Share	$3.33	$3.11	$0.54	$70.74	$50.23	$2.99	$2.98	$2.28	$0.18	$6.79
Weighted average number of common shares outstanding - basic (millions) (in shares)	869.1m	894.3m	898.6m	900.8m	904.3m	906.3m	911.5m	912.2m	912.3m	929.1m
Current Tax Expense (Income)	$850.0m	$758.0m	$775.0m	$761.0m	$776.0m	$872.0m	$878.0m	$923.0m	$494.0m	$1.1b
Deferred Tax Expense (Income) Recognised In Profit Or Loss	$259.0m	$312.0m	$240.0m	$400.0m	$114.0m	$226.0m	$188.0m	($90.0m)	($95.0m)	($142.0m)
Depreciation And Amortisation Expense	$3.5b	$3.9b	$4.0b	$4.4b	$4.4b	$4.6b	$4.7b	$4.9b	$5.0b	$5.2b
Expense Relating To Leases Of Low-Value Assets For Which Recognition Exemption Has Been Used	$56.0m	—	$44.0m	$58.0m	$60.0m	$60.0m	$60.0m	$63.0m	$69.0m	$77.0m
Expense Relating To Short-Term Leases For Which Recognition Exemption Has Been Used	$56.0m	—	$44.0m	$30.0m	$31.0m	$31.0m	$27.0m	$29.0m	$31.0m	$31.0m
Expense Relating To Variable Lease Payments Not Included In Measurement Of Lease Liabilities	—	—	—	$161.0m	$150.0m	$122.0m	$133.0m	$126.0m	$116.0m	$112.0m
Income Tax Expense Continuing Operations	$1.1b	$1.0b	$995.0m	$1.1b	$792.0m	$1.0b	$967.0m	$996.0m	$577.0m	$1.2b
Interest Expense	$888.0m	$955.0m	$1.0b	$1.1b	$1.1b	$7.3b	$7.6b	$1.5b	$1.7b	$1.8b
Interest Expense On Lease Liabilities	—	—	—	$220.0m	$199.0m	$177.0m	$165.0m	$193.0m	$218.0m	$194.0m
Other Employee Expense	$1.0b	$1.1b	$1.0b	$1.0b	$975.0m	$990.0m	$1.1b	$1.1b	$987.0m	$883.0m
Other Operating Income Expense	$33.0m	($5.0m)	$10.0m	$37.0m	($18.0m)	$60.0m	$20.0m	$33.0m	$59.0m	($14.0m)
Other income (expense)	$21.0m	($102.0m)	($348.0m)	($13.0m)	($194.0m)	$160.0m	($115.0m)	($466.0m)	($305.0m)	$287.0m
Postemployment Benefit Expense Defined Contribution Plans	$100.0m	$102.0m	$106.0m	$110.0m	$113.0m	$113.0m	$118.0m	$133.0m	$136.0m	$132.0m
Research and Development Expense	$147.0m	$119.0m	$106.0m	$109.0m	$47.0m	$57.0m	$57.0m	$90.0m	$66.0m	$60.0m
Severance, acquisition and other costs	($135.0m)	($190.0m)	($136.0m)	($114.0m)	($116.0m)	($209.0m)	($94.0m)	($200.0m)	($454.0m)	($517.0m)

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.