BCE FY 2017 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported December 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.6B	—	$15.9B	—	4.6%
Op. Income	$4.0B	—	$3.9B	—	3.0%
Gross Margin	42.1%	—	69.1%	—	-27.0pp
Net Margin	13.2%	—	14.0%	—	-0.8pp
EPS (Diluted)	$2.34	—	$2.43	—	-3.9%
Free Cash Flow	$2.4B	—	$2.1B	—	15.7%

Revenue Flow

Item	Amount
REVENUE	$16.6B
Cost of Revenue	$9.6B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$3.0B
General & Administrative	$177M
SG&A Expenses	$3.2B
Other Expenses	-$75M
Operating Expenses	$11.5B
Cost & Expenses	$12.9B
OPERATING INCOME	$4.0B
Interest Income	$0
Interest Expense	$751M
Other Income/Expenses	-$964M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$781M
Net Income from Continuing Ops	$2.2B
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	$2.8B
EBIT	$3.8B
EBITDA	$6.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$16.6B
Cost of Revenue	$9.6B
GROSS PROFIT	$7.0B
R&D Expenses	$0
Selling & Marketing	$3.0B
General & Administrative	$177M
SG&A Expenses	$3.2B
Other Expenses	-$75M
Operating Expenses	$11.5B
Cost & Expenses	$12.9B
OPERATING INCOME	$4.0B
Interest Income	$0
Interest Expense	$751M
Other Income/Expenses	-$964M
INCOME BEFORE TAX	$3.0B
Income Tax Expense	$781M
Net Income from Continuing Ops	$2.2B
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	$2.8B
EBIT	$3.8B
EBITDA	$6.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.2B
Depreciation & Amortization	$2.8B
Stock-Based Compensation	$0
Deferred Income Tax	$759M
Other Non-Cash Items	-$654M
Change in Working Capital	$275M
OPERATING CASH FLOW	$5.4B
Capital Expenditure	-$2.9B
Acquisitions (Net)	-$1.2B
Purchases of Investments	$0
Sales/Maturities of Investments	$4M
Other Investing Activities	$175M
NET CASH FROM INVESTING	-$4.0B
Net Debt Issuance	$505M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.8B
Other Financing Activities	-$232M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$2.4B
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$457M
Short-Term Investments	$0
Net Receivables	$2.9B
Inventory	$278M
Other Current Assets	$345M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$17.6B
Goodwill	$7.6B
Intangible Assets	$9.7B
Long-Term Investments	$670M
Tax Assets	$105M
Other Non-Current Assets	$999M
TOTAL NON-CURRENT ASSETS	$36.6B
TOTAL ASSETS	$40.8B
Account Payables	$1.8B
Short-Term Debt	$1.2B
Deferred Revenue	$506M
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$13.3B
Deferred Revenue NC	$127M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$17.9B
TOTAL LIABILITIES	$25.7B
Common Stock	$14.7B
Additional Paid-In Capital	$849M
Retained Earnings	-$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	-$835M
TOTAL STOCKHOLDERS' EQUITY	$14.0B
Minority Interest	$236M
TOTAL EQUITY	$14.2B
TOTAL LIABILITIES & EQUITY	$40.8B
Total Debt	$14.8B
Net Debt	$14.4B