BCE FY 2007 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$13.1B	—	$12.9B	—	0.9%
Op. Income	$2.8B	—	$2.7B	—	4.2%
Gross Margin	77.1%	—	77.3%	—	-0.2pp
Net Margin	22.7%	—	11.3%	—	11.4pp
EPS (Diluted)	$3.56	—	$1.64	—	116.4%
Free Cash Flow	$1.9B	—	$1.6B	—	17.1%

Revenue Flow

Item	Amount
REVENUE	$13.1B
Cost of Revenue	$3.0B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.9B
Other Expenses	$5.1B
Operating Expenses	$10.0B
Cost & Expenses	$13.0B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$851M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$530M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$314M
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$2.3B
EBIT	$2.8B
EBITDA	$5.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$13.1B
Cost of Revenue	$3.0B
GROSS PROFIT	$10.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$4.9B
Other Expenses	$5.1B
Operating Expenses	$10.0B
Cost & Expenses	$13.0B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$851M
INCOME BEFORE TAX	$3.6B
Income Tax Expense	$530M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$314M
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$2.3B
EBIT	$2.8B
EBITDA	$5.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.0B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$0
Deferred Income Tax	$295M
Other Non-Cash Items	-$1.4B
Change in Working Capital	-$8M
OPERATING CASH FLOW	$4.2B
Capital Expenditure	-$2.3B
Acquisitions (Net)	$2.2B
Purchases of Investments	-$20M
Sales/Maturities of Investments	$140M
Other Investing Activities	$229M
NET CASH FROM INVESTING	$209M
Net Debt Issuance	-$1.3B
Common Stock Repurchased	-$409M
Common Dividends Paid	-$929M
Other Financing Activities	-$343M
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$1.9B
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	-$4M
Net Receivables	$1.4B
Inventory	$193M
Other Current Assets	$97M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$17.5B
Goodwill	$3.9B
Intangible Assets	$4.3B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	-$1.9B
TOTAL NON-CURRENT ASSETS	$23.8B
TOTAL ASSETS	$27.6B
Account Payables	$2.4B
Short-Term Debt	$524M
Deferred Revenue	$380M
Other Current Liabilities	-$914M
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$7.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.2B
TOTAL NON-CURRENT LIABILITIES	$10.9B
TOTAL LIABILITIES	$14.5B
Common Stock	$0
Additional Paid-In Capital	$11.7B
Retained Earnings	-$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	$49M
Other Equity	$725.8K
TOTAL STOCKHOLDERS' EQUITY	$12.6B
Minority Interest	$806M
TOTAL EQUITY	$13.4B
TOTAL LIABILITIES & EQUITY	$27.9B
Total Debt	$8.3B
Net Debt	$6.3B