BCE FY 2010 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported December 30, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$13.2B	—	—	—	—
Op. Income	$2.8B	—	—	—	—
Gross Margin	71.4%	—	—	—	—
Net Margin	12.1%	—	—	—	—
EPS (Diluted)	$2.08	—	—	—	—
Free Cash Flow	$1.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$13.2B
Cost of Revenue	$3.8B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$5.1B
Operating Expenses	$5.3B
Cost & Expenses	$13.2B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$1.2B
Other Income/Expenses	-$713M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$462M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$2.3B
EBIT	$3.3B
EBITDA	$5.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$13.2B
Cost of Revenue	$3.8B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$5.1B
Operating Expenses	$5.3B
Cost & Expenses	$13.2B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$1.2B
Other Income/Expenses	-$713M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$462M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$2.3B
EBIT	$3.3B
EBITDA	$5.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$2.3B
Stock-Based Compensation	$0
Deferred Income Tax	$174M
Other Non-Cash Items	-$493M
Change in Working Capital	-$113M
OPERATING CASH FLOW	$3.5B
Capital Expenditure	-$2.2B
Acquisitions (Net)	-$39M
Purchases of Investments	-$32M
Sales/Maturities of Investments	$102M
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$2.2B
Net Debt Issuance	$482M
Common Stock Repurchased	-$365M
Common Dividends Paid	-$963M
Other Financing Activities	$194M
NET CASH FROM FINANCING	-$973M
FREE CASH FLOW	$1.3B
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$566M
Short-Term Investments	-$2M
Net Receivables	$2.2B
Inventory	$315M
Other Current Assets	$150M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$14.4B
Goodwill	$4.2B
Intangible Assets	$4.6B
Long-Term Investments	$221M
Tax Assets	$366M
Other Non-Current Assets	-$985M
TOTAL NON-CURRENT ASSETS	$22.8B
TOTAL ASSETS	$28.7B
Account Payables	$2.8B
Short-Term Debt	$971M
Deferred Revenue	$483M
Other Current Liabilities	-$230M
TOTAL CURRENT LIABILITIES	$4.3B
Long-Term Debt	$7.7B
Deferred Revenue NC	$104M
Deferred Tax Liabilities	$1.5B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$11.1B
TOTAL LIABILITIES	$15.4B
Common Stock	$9.3B
Additional Paid-In Capital	$1.9B
Retained Earnings	-$5.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$5.2B
TOTAL STOCKHOLDERS' EQUITY	$12.6B
Minority Interest	$721M
TOTAL EQUITY	$13.3B
TOTAL LIABILITIES & EQUITY	$28.7B
Total Debt	$8.7B
Net Debt	$8.1B