BCE FY 2021 Earnings Report — BCE Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported March 4, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$17.1B	—	—	—	—
Op. Income	$3.9B	—	—	—	—
Gross Margin	68.9%	—	—	—	—
Net Margin	12.1%	—	—	—	—
EPS (Diluted)	$2.19	—	—	—	—
Free Cash Flow	$796M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$17.1B
Cost of Revenue	$5.3B
GROSS PROFIT	$11.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.2B
SG&A Expenses	$3.2B
Other Expenses	$4.7B
Operating Expenses	$8.0B
Cost & Expenses	$13.3B
OPERATING INCOME	$3.9B
Interest Income	$8M
Interest Expense	$813M
Other Income/Expenses	-$985M
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$763M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$96M
BOTTOM LINE NET INCOME	$2.0B
D&A	$3.4B
EBIT	$3.7B
EBITDA	$7.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$17.1B
Cost of Revenue	$5.3B
GROSS PROFIT	$11.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3.2B
SG&A Expenses	$3.2B
Other Expenses	$4.7B
Operating Expenses	$8.0B
Cost & Expenses	$13.3B
OPERATING INCOME	$3.9B
Interest Income	$8M
Interest Expense	$813M
Other Income/Expenses	-$985M
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$763M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$96M
BOTTOM LINE NET INCOME	$2.0B
D&A	$3.4B
EBIT	$3.7B
EBITDA	$7.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$3.4B
Stock-Based Compensation	$0
Deferred Income Tax	$763M
Other Non-Cash Items	-$563M
Change in Working Capital	$208M
OPERATING CASH FLOW	$5.9B
Capital Expenditure	-$5.1B
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$53M
NET CASH FROM INVESTING	-$5.1B
Net Debt Issuance	$1.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$2.3B
Other Financing Activities	-$447M
NET CASH FROM FINANCING	-$747M
FREE CASH FLOW	$796M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$211M
Short-Term Investments	$0
Net Receivables	$3.2B
Inventory	$352M
Other Current Assets	$592M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$20.6B
Goodwill	$7.7B
Intangible Assets	$11.4B
Long-Term Investments	$622M
Tax Assets	$77M
Other Non-Current Assets	$3.8B
TOTAL NON-CURRENT ASSETS	$44.3B
TOTAL ASSETS	$48.8B
Account Payables	$2.1B
Short-Term Debt	$1.3B
Deferred Revenue	$584M
Other Current Liabilities	$662M
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$19.8B
Deferred Revenue NC	$180M
Deferred Tax Liabilities	$3.4B
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$25.4B
TOTAL LIABILITIES	$32.0B
Common Stock	$15.1B
Additional Paid-In Capital	$846M
Retained Earnings	-$2.5B
Treasury Stock	$0
Accum. Other Comp. Income	$156M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.5B
Minority Interest	$224M
TOTAL EQUITY	$16.8B
TOTAL LIABILITIES & EQUITY	$48.8B
Total Debt	$21.7B
Net Debt	$21.5B