BCE FY 2015 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$15.7B	—	—	—	—
Op. Income	$3.7B	—	—	—	—
Gross Margin	69.3%	—	—	—	—
Net Margin	12.4%	—	—	—	—
EPS (Diluted)	$2.18	—	—	—	—
Free Cash Flow	$1.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$15.7B
Cost of Revenue	$4.8B
GROSS PROFIT	$10.9B
R&D Expenses	$98M
Selling & Marketing	$3.1B
General & Administrative	$205M
SG&A Expenses	$3.3B
Other Expenses	$7.6B
Operating Expenses	$10.9B
Cost & Expenses	$12.4B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$745M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$675M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$2.5B
EBIT	$3.4B
EBITDA	$5.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.7B
Cost of Revenue	$4.8B
GROSS PROFIT	$10.9B
R&D Expenses	$98M
Selling & Marketing	$3.1B
General & Administrative	$205M
SG&A Expenses	$3.3B
Other Expenses	$7.6B
Operating Expenses	$10.9B
Cost & Expenses	$12.4B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$745M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$675M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$2.5B
EBIT	$3.4B
EBITDA	$5.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$2.5B
Stock-Based Compensation	$0
Deferred Income Tax	$675M
Other Non-Cash Items	-$723M
Change in Working Capital	$176M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$3.0B
Acquisitions (Net)	$72M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	-$373M
Common Stock Repurchased	-$101M
Common Dividends Paid	-$1.6B
Other Financing Activities	-$172M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.5B
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$448M
Short-Term Investments	$0
Net Receivables	$2.2B
Inventory	$304M
Other Current Assets	$276M
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$15.8B
Goodwill	$6.1B
Intangible Assets	$8.2B
Long-Term Investments	$911M
Tax Assets	$65M
Other Non-Current Assets	$487M
TOTAL NON-CURRENT ASSETS	$31.6B
TOTAL ASSETS	$35.1B
Account Payables	$1.6B
Short-Term Debt	$3.3B
Deferred Revenue	$593M
Other Current Liabilities	$366M
TOTAL CURRENT LIABILITIES	$7.3B
Long-Term Debt	$11.2B
Deferred Revenue NC	$62M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.8B
TOTAL NON-CURRENT LIABILITIES	$15.1B
TOTAL LIABILITIES	$22.4B
Common Stock	$13.2B
Additional Paid-In Capital	$840M
Retained Earnings	-$4.6B
Treasury Stock	$0
Accum. Other Comp. Income	$87M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.4B
Minority Interest	$224M
TOTAL EQUITY	$12.7B
TOTAL LIABILITIES & EQUITY	$35.1B
Total Debt	$14.8B
Net Debt	$14.4B