BCE FY 2016 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$15.9B	—	$15.7B	—	1.0%
Op. Income	$3.9B	—	$3.7B	—	2.9%
Gross Margin	69.1%	—	69.3%	—	-0.2pp
Net Margin	14.0%	—	12.4%	—	1.5pp
EPS (Diluted)	$2.43	—	$2.18	—	11.7%
Free Cash Flow	$2.1B	—	$1.5B	—	35.9%

Revenue Flow

Item	Amount
REVENUE	$15.9B
Cost of Revenue	$4.9B
GROSS PROFIT	$11.0B
R&D Expenses	$107M
Selling & Marketing	$0
General & Administrative	$3.1B
SG&A Expenses	$3.1B
Other Expenses	$7.8B
Operating Expenses	$11.0B
Cost & Expenses	$12.2B
OPERATING INCOME	$3.9B
Interest Income	$0
Interest Expense	$708M
Other Income/Expenses	-$791M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$811M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$2.6B
EBIT	$3.8B
EBITDA	$6.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.9B
Cost of Revenue	$4.9B
GROSS PROFIT	$11.0B
R&D Expenses	$107M
Selling & Marketing	$0
General & Administrative	$3.1B
SG&A Expenses	$3.1B
Other Expenses	$7.8B
Operating Expenses	$11.0B
Cost & Expenses	$12.2B
OPERATING INCOME	$3.9B
Interest Income	$0
Interest Expense	$708M
Other Income/Expenses	-$791M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$811M
Net Income from Continuing Ops	$2.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$2.6B
EBIT	$3.8B
EBITDA	$6.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.2B
Depreciation & Amortization	$2.6B
Stock-Based Compensation	$0
Deferred Income Tax	$811M
Other Non-Cash Items	-$944M
Change in Working Capital	$209M
OPERATING CASH FLOW	$4.9B
Capital Expenditure	-$2.8B
Acquisitions (Net)	-$282M
Purchases of Investments	$0
Sales/Maturities of Investments	$78M
Other Investing Activities	-$390M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	$525M
Common Stock Repurchased	-$77M
Common Dividends Paid	-$1.7B
Other Financing Activities	-$151M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$2.1B
Net Change in Cash	$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$623M
Short-Term Investments	$0
Net Receivables	$2.7B
Inventory	$295M
Other Current Assets	$395M
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$16.3B
Goodwill	$6.5B
Intangible Assets	$8.8B
Long-Term Investments	$698M
Tax Assets	$65M
Other Non-Current Assets	$663M
TOTAL NON-CURRENT ASSETS	$33.1B
TOTAL ASSETS	$36.6B
Account Payables	$1.7B
Short-Term Debt	$1.3B
Deferred Revenue	$471M
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$7.4B
Long-Term Debt	$12.1B
Deferred Revenue NC	$77M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.0B
TOTAL NON-CURRENT LIABILITIES	$16.2B
TOTAL LIABILITIES	$23.6B
Common Stock	$13.4B
Additional Paid-In Capital	$848M
Retained Earnings	-$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	$34M
Other Equity	-$776M
TOTAL STOCKHOLDERS' EQUITY	$12.8B
Minority Interest	$229M
TOTAL EQUITY	$13.0B
TOTAL LIABILITIES & EQUITY	$36.6B
Total Debt	$15.7B
Net Debt	$15.1B