BCE (BCE) Financials

$21.52 +0.36 (+1.70%)

Closing price 03:59 PM Eastern

Extended Trading

$21.53 +0.01 (+0.05%)

As of 07:57 PM Eastern

Annual Income Statements for BCE

This table shows BCE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Income / (Loss) Attributable to Common Shareholders	282	1,811	2,205	2,407	1,958	2,343	2,211	2,278	2,441
Consolidated Net Income / (Loss)	260	1,763	2,162	2,263	1,975	2,507	2,179	2,424	2,297
Net Income / (Loss) Continuing Operations	426	2,034	2,210	2,279	1,939	2,485	2,179	2,424	2,297
Total Pre-Tax Income	827	2,788	2,924	3,096	2,596	3,355	2,908	3,273	3,123
Total Operating Income	2,017	3,905	3,771	3,818	3,618	4,197	3,946	4,170	3,829
Total Gross Profit	7,353	7,890	7,537	6,974	6,803	7,711	6,987	7,376	6,070
Total Revenue	16,951	18,689	17,864	17,584	17,210	18,337	17,197	18,085	15,693
Operating Revenue	16,951	18,689	17,864	17,584	17,210	18,337	17,197	18,085	15,693
Total Cost of Revenue	9,597	10,798	10,327	10,610	10,407	10,625	10,210	10,708	9,623
Operating Cost of Revenue	9,597	10,798	10,327	10,610	10,407	10,625	10,210	10,708	9,623
Total Operating Expenses	5,337	3,985	3,766	3,156	3,185	3,514	3,041	3,206	2,241
Depreciation Expense	2,610	2,837	2,705	2,839	2,724	2,665	2,305	2,411	2,141
Amortization Expense	891	889	786	-	-	683	637	644	-
Impairment Charge	1,521	108	206	154	370	79	-	-	-
Restructuring Charge	315	151	69	164	91	88	100	151	100
Total Other Income / (Expense), net	-1,190	-1,117	-847	-722	-1,022	-842	-1,038	-897	-705
Interest Expense	1,190	1,117	847	847	870	916	783	897	721
Income Tax Expense	401	754	715	817	621	870	729	850	826
Other Adjustments to Consolidated Net Income / (Loss)	-166	-271	-47	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-22	-48	-43	-41	-51	-48	-32	-45	-42
Basic Earnings per Share	$0.13	$1.73	$2.98	$2.99	$2.76	-	$2.27	$3.20	$3.33
Weighted Average Basic Shares Outstanding	912.30M	912.20M	911.50M	906.30M	904.30M	900.80M	898.60M	894.30M	869.10M
Diluted Earnings per Share	$0.13	$1.73	$2.98	$2.99	$2.76	-	$2.27	$3.20	$3.33

No quarterly income statements for BCE are available.

This table details how cash moves in and out of BCE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Change in Cash & Equivalents	556	472	-103	0.00	62	-216	-147	-181	179
Net Cash From Operating Activities	4,853	6,019	6,182	6,268	6,078	-6,133	5,411	-5,847	4,943
Net Cash From Continuing Operating Activities	4,853	6,019	6,182	6,268	6,036	6,061	5,411	5,847	4,943
Net Income / (Loss) Continuing Operations	260	1,763	2,162	2,263	1,939	2,485	2,179	2,424	2,297
Consolidated Net Income / (Loss)	260	1,763	2,162	2,263	1,939	2,485	2,179	2,424	2,297
Depreciation Expense	3,501	3,725	3,490	3,607	3,452	3,348	2,941	3,055	2,611
Non-Cash Adjustments To Reconcile Net Income	3,228	2,306	1,683	1,951	826	265	1,213	70	-177
Changes in Operating Assets and Liabilities, net	-2,136	-1,775	-1,154	-1,554	-181	-37	-923	299	213
Net Cash From Investing Activities	-3,082	-4,379	-4,077	-5,493	-2,775	-3,110	-3,214	-4,321	-3,411
Net Cash From Continuing Investing Activities	-3,499	-3,621	-4,077	-5,493	-3,474	-3,102	-3,214	-4,321	-3,411
Purchase of Property, Plant & Equipment	-3,075	-3,609	-3,795	-5,427	-3,294	-3,063	-2,951	-3,206	-2,806
Acquisitions	-433	-168	-317	-9.39	-118	-39	-289	-1,310	-301
Divestitures	0.00	158	38	0.00	-	-	-	-	-
Other Investing Activities, net	9.72	-3.03	-2.96	-56	-62	5.39	-23	-61	80
Net Cash From Financing Activities	-1,215	-1,168	-2,208	-724	-3,241	-3,238	-2,343	-1,708	-1,354
Net Cash From Continuing Financing Activities	-1,151	-949	-2,116	-724	-3,236	-3,234	-2,343	-1,708	-1,354
Repayment of Debt	-943	-1,897	-1,413	-1,878	-5,208	-1,712	-2,078	-1,844	-1,872
Repurchase of Common Equity	-163	-169	-188	-232	-206	-109	-291	-178	-79
Payment of Dividends	-2,686	-2,814	-2,577	-2,616	-2,477	-2,336	-2,084	-2,124	-1,843
Issuance of Debt	2,663	3,935	1,442	3,902	4,708	679	2,195	2,393	2,407
Issuance of Common Equity	0.00	14	644	87	20	286	6.60	93	74
Other Financing Activities, net	-22	-18	-23	15	-73	-42	-92	-48	-40

No quarterly cash flow statements for BCE are available.

This table presents BCE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	1/1/2017
Total Assets	51,031	54,492	51,233	52,253	47,556	46,353	41,842	44,345	38,359
Total Current Assets	6,197	5,982	4,794	4,851	4,459	4,254	4,245	4,494	4,282
Cash & Equivalents	1,092	585	110	226	176	112	311	497	635
Accounts Receivable	3,117	3,053	3,058	3,091	2,766	2,341	2,203	2,487	2,224
Inventories, net	292	352	485	416	344	329	317	302	300
Prepaid Expenses	180	174	180	199	164	150	179	172	172
Other Current Assets	1,183	1,015	961	919	1,010	1,322	1,235	1,036	952
Other Current Nonoperating Assets	278	757	0.00	-	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	22,098	21,568	21,298	18,205	19,095	16,625
Total Noncurrent Assets	24,001	25,519	24,820	25,304	21,529	20,800	19,392	20,756	17,452
Goodwill	7,126	8,288	8,059	8,274	8,313	8,221	7,810	8,287	6,666
Intangible Assets	11,657	12,581	11,959	12,186	10,271	10,290	9,676	10,536	8,928
Noncurrent Deferred & Refundable Income Taxes	94	73	62	82	83	76	82	114	66
Employee Benefit Assets	2,485	2,223	2,630	2,717	1,001	430	-	-	-
Other Noncurrent Operating Assets	2,639	2,354	2,109	1,521	1,269	1,246	1,823	1,171	1,157
Total Liabilities & Shareholders' Equity	51,031	54,492	51,233	52,253	47,556	46,353	41,842	44,345	38,359
Total Liabilities	38,976	38,921	34,595	34,298	30,836	29,854	26,681	27,955	24,283
Total Current Liabilities	10,310	9,171	8,475	7,132	6,484	7,535	7,642	8,529	7,515
Short-Term Debt	5,326	3,819	3,057	2,054	1,895	2,991	3,404	4,115	3,637
Accounts Payable	3,130	3,582	3,858	3,487	3,085	3,047	2,888	3,079	2,732
Dividends Payable	648	689	641	635	600	562	506	539	459
Other Taxes Payable	29	203	78	-	-	-	185	-	-
Other Current Liabilities	538	614	633	625	562	526	515	551	480
Other Current Nonoperating Liabilities	272	251	208	193	174	175	144	134	116
Total Noncurrent Liabilities	28,666	29,750	26,120	27,166	24,352	22,319	19,039	19,426	16,768
Long-Term Debt	22,802	23,584	20,531	21,169	18,740	17,275	14,480	14,475	12,332
Noncurrent Deferred & Payable Income Tax Liabilities	3,642	3,688	3,660	3,662	2,987	2,744	2,318	2,281	1,924
Noncurrent Employee Benefit Liabilities	836	968	969	1,357	1,538	1,470	1,367	1,675	1,566
Other Noncurrent Operating Liabilities	1,386	1,510	959	978	1,087	831	874	995	946
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,056	15,571	16,638	17,955	16,720	16,499	15,160	16,390	14,077
Total Preferred & Common Equity	11,855	15,323	16,389	17,715	16,453	16,241	14,922	16,134	13,843
Preferred Stock	888	953	866	906	920	908	857	923	863
Total Common Equity	10,967	14,370	15,523	16,810	15,533	15,333	14,064	15,210	12,980
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-5,862	-4,176	-2,697	-2,661	-3,669	-3,570	-3,618	-3,924	-3,704
Accumulated Other Comprehensive Income / (Loss)	-110	-32	-41	167	81	124	66	-14	34
Other Equity Adjustments	16,940	18,577	18,260	19,304	19,122	18,779	17,616	19,148	16,650
Noncontrolling Interest	201	248	249	239	267	257	239	257	234

No quarterly balance sheets for BCE are available.

This table displays calculated financial ratios and metrics derived from BCE's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.30%	4.62%	1.59%	2.17%	-6.14%	6.63%	-4.91%	15.24%	0.00%
EBITDA Growth	-27.69%	5.09%	-3.83%	9.14%	-9.19%	14.86%	-8.21%	11.93%	0.00%
EBIT Growth	-48.36%	3.56%	-4.36%	13.77%	-18.84%	15.70%	-11.50%	8.48%	0.00%
NOPAT Growth	-63.50%	-0.03%	1.40%	2.10%	-11.46%	5.14%	-4.26%	9.66%	0.00%
Net Income Growth	-85.23%	-18.48%	-4.47%	14.62%	-21.23%	15.08%	-10.12%	5.51%	0.00%
EPS Growth	-92.76%	-42.05%	-0.33%	8.33%	0.00%	0.00%	-29.01%	-3.90%	0.00%
Operating Cash Flow Growth	-19.37%	-2.63%	-1.37%	3.11%	199.11%	-213.35%	192.54%	-218.28%	0.00%
Free Cash Flow Firm Growth	-48.01%	-89.33%	2,325.66%	-149.66%	722.31%	-108.83%	297.36%	0.00%	0.00%
Invested Capital Growth	-1.72%	1.05%	-53.14%	10.50%	1.38%	10.39%	-3.26%	17.57%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	43.38%	42.22%	42.19%	39.66%	39.53%	42.05%	40.63%	40.79%	38.68%
EBITDA Margin	32.55%	40.83%	40.65%	42.94%	40.20%	41.55%	38.57%	79.91%	41.13%
Operating Margin	11.90%	20.90%	21.11%	21.71%	21.02%	22.89%	22.95%	23.06%	24.40%
EBIT Margin	11.90%	20.90%	21.11%	22.42%	20.14%	23.29%	21.46%	23.06%	24.50%
Profit (Net Income) Margin	1.54%	9.43%	12.10%	12.87%	11.47%	13.67%	12.67%	26.81%	14.64%
Tax Burden Percent	31.49%	63.22%	73.94%	73.10%	76.08%	74.73%	74.92%	74.05%	73.55%
Interest Burden Percent	41.01%	71.39%	77.54%	78.52%	74.89%	78.56%	78.78%	78.49%	81.24%
Effective Tax Rate	48.45%	27.06%	24.44%	26.39%	23.92%	25.94%	25.08%	25.95%	26.45%
Return on Invested Capital (ROIC)	5.36%	14.65%	9.40%	7.15%	7.42%	8.85%	8.71%	31.62%	9.59%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.63%	-17.85%	4.12%	4.66%	3.62%	5.73%	4.43%	5.69%	6.20%
Return on Net Nonoperating Assets (RNNOA)	-3.48%	-3.70%	3.10%	5.91%	4.47%	6.99%	5.10%	12.48%	6.73%
Return on Equity (ROE)	1.89%	10.94%	12.50%	13.06%	11.89%	15.84%	13.81%	15.91%	16.32%
Cash Return on Invested Capital (CROIC)	7.10%	13.61%	81.77%	-2.83%	6.04%	-1.03%	12.03%	-3.63%	0.00%
Operating Return on Assets (OROA)	3.82%	7.39%	7.29%	7.90%	7.38%	9.68%	8.57%	10.09%	10.02%
Return on Assets (ROA)	0.49%	3.33%	4.18%	4.54%	4.21%	5.69%	5.06%	5.86%	5.99%
Return on Common Equity (ROCE)	1.73%	10.16%	11.68%	12.18%	11.05%	14.71%	12.81%	14.72%	15.05%
Return on Equity Simple (ROE_SIMPLE)	2.20%	11.50%	13.19%	12.78%	12.00%	15.44%	14.60%	15.02%	16.60%
Net Operating Profit after Tax (NOPAT)	1,040	2,849	2,850	2,810	2,752	3,109	2,957	3,088	2,816
NOPAT Margin	6.13%	15.24%	15.95%	15.98%	15.99%	16.95%	17.19%	17.08%	17.95%
Net Nonoperating Expense Percent (NNEP)	14.00%	32.50%	5.28%	2.49%	3.79%	3.12%	4.28%	3.98%	3.40%
Return On Investment Capital (ROIC_SIMPLE)	2.59%	6.63%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	56.62%	57.78%	57.81%	60.34%	60.47%	57.95%	59.37%	59.21%	61.32%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.48%	21.32%	21.08%	17.95%	18.51%	19.17%	17.68%	17.73%	14.28%
Earnings before Interest and Taxes (EBIT)	2,017	3,905	3,771	3,943	3,466	4,270	3,691	4,170	3,844
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,517	7,631	7,261	7,550	6,918	7,618	6,632	7,225	6,455
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.93	2.25	2.31	2.37	1.99	2.05	2.14	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.25	1.73	2.00	2.27	1.80	1.71	1.75	0.00	0.00
Price to Earnings (P/E)	75.00	17.88	16.23	16.56	15.82	13.40	13.60	0.00	0.00
Dividend Yield	12.50%	8.08%	7.73%	6.33%	7.28%	6.83%	8.11%	6.82%	7.40%
Earnings Yield	1.33%	5.59%	6.16%	6.04%	6.32%	7.46%	7.35%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.56	3.09	3.12	1.54	1.39	1.42	1.46	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.91	3.23	3.38	3.61	3.02	2.85	2.83	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	8.93	7.92	8.32	8.41	7.52	6.85	7.35	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	24.43	15.47	16.01	16.10	15.01	12.22	13.20	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	47.39	21.21	21.19	22.59	18.90	16.78	16.48	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.15	10.04	9.77	10.13	8.56	0.00	9.01	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	35.82	22.83	2.44	0.00	23.20	0.00	11.93	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	2.33	1.76	1.42	1.29	1.23	1.23	1.18	1.13	1.13
Long-Term Debt to Equity	1.89	1.51	1.23	1.18	1.12	1.05	0.96	0.88	0.88
Financial Leverage	0.40	0.21	0.75	1.27	1.23	1.22	1.15	1.10	1.09
Leverage Ratio	3.82	3.28	2.99	2.88	2.83	2.79	2.73	5.43	2.73
Compound Leverage Factor	1.57	2.34	2.32	2.26	2.12	2.19	2.15	2.13	2.21
Debt to Total Capital	70.00%	63.77%	58.64%	56.40%	55.24%	55.12%	54.12%	53.14%	53.15%
Short-Term Debt to Total Capital	13.25%	8.89%	7.60%	4.99%	5.07%	8.14%	10.30%	11.76%	12.10%
Long-Term Debt to Total Capital	56.75%	54.88%	51.04%	51.41%	50.17%	46.99%	43.82%	41.38%	41.05%
Preferred Equity to Total Capital	2.21%	2.22%	2.15%	2.20%	2.46%	2.47%	2.59%	2.64%	2.87%
Noncontrolling Interests to Total Capital	0.50%	0.58%	0.62%	0.58%	0.71%	0.70%	0.72%	0.00%	0.78%
Common Equity to Total Capital	27.29%	33.44%	38.59%	40.82%	41.58%	41.71%	42.56%	43.48%	43.20%
Debt to EBITDA	5.10	3.59	3.25	3.08	2.98	2.66	2.70	2.57	2.47
Net Debt to EBITDA	4.90	3.51	3.23	2.98	2.87	2.57	2.65	4.86	2.28
Long-Term Debt to EBITDA	4.13	3.09	2.83	2.80	2.71	2.27	2.18	2.00	1.91
Debt to NOPAT	27.05	9.62	8.28	8.26	7.50	6.52	6.05	6.02	5.67
Net Debt to NOPAT	26.00	9.41	8.24	8.00	7.22	6.31	5.94	5.65	5.22
Long-Term Debt to NOPAT	21.93	8.28	7.21	7.53	6.81	5.56	4.90	9.37	4.38
Altman Z-Score	0.53	0.90	1.05	1.16	1.05	1.14	1.16	0.00	0.00
Noncontrolling Interest Sharing Ratio	8.29%	7.19%	6.53%	6.72%	7.08%	7.14%	7.21%	14.95%	7.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.60	0.65	0.57	0.68	0.69	0.56	0.56	0.53	0.57
Quick Ratio	0.41	0.40	0.37	0.47	0.45	0.33	0.33	0.35	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,376	2,646	24,789	-1,114	2,243	-360	4,083	-2,069	0.00
Operating Cash Flow to CapEx	157.81%	166.79%	162.87%	115.49%	184.53%	-200.25%	186.51%	-198.28%	176.16%
Free Cash Flow to Firm to Interest Expense	1.16	2.37	29.27	-1.32	2.58	-0.39	5.21	-2.31	0.00
Operating Cash Flow to Interest Expense	4.08	5.39	7.30	7.40	6.99	-6.70	6.91	0.65	6.86
Operating Cash Flow Less CapEx to Interest Expense	1.49	2.16	2.82	0.99	3.20	-10.04	3.20	-9.80	2.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.35	0.35	0.35	0.37	0.42	0.40	0.44	0.41
Accounts Receivable Turnover	5.49	6.12	5.81	6.01	6.74	8.07	7.33	7.68	7.06
Inventory Turnover	29.81	25.80	22.92	27.90	30.92	32.91	33.01	35.58	32.09
Fixed Asset Turnover	0.00	0.00	0.00	0.81	0.80	0.93	0.92	1.01	0.94
Accounts Payable Turnover	2.86	2.90	2.81	3.23	3.39	3.58	3.42	3.69	3.52
Days Sales Outstanding (DSO)	66.44	59.68	62.81	60.78	54.16	45.23	49.76	95.06	51.72
Days Inventory Outstanding (DIO)	12.24	14.15	15.92	13.08	11.81	11.09	11.06	10.26	11.38
Days Payable Outstanding (DPO)	127.63	125.75	129.80	113.04	107.53	101.94	106.66	99.04	103.62
Cash Conversion Cycle (CCC)	-48.95	-51.92	-51.06	-39.17	-41.57	-45.63	-45.84	-41.25	-40.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	19,212	19,548	19,345	41,285	37,361	36,851	33,382	34,509	29,352
Invested Capital Turnover	0.87	0.96	0.59	0.45	0.46	0.52	0.51	0.57	0.53
Increase / (Decrease) in Invested Capital	-336	203	-21,940	3,924	510	3,469	-1,127	5,157	0.00
Enterprise Value (EV)	49,271	60,410	60,392	63,474	52,024	52,167	48,728	0.00	0.00
Market Capitalization	21,147	32,391	35,799	39,854	30,971	31,386	30,060	0.00	0.00
Book Value per Share	$12.02	$15.76	$17.08	$18.59	$17.18	$17.07	$13.25	$17.01	$14.93
Tangible Book Value per Share	($8.57)	($7.13)	($4.95)	($4.04)	($3.37)	($3.54)	($3.22)	($4.04)	($3.01)
Total Capital	40,183	42,974	40,227	41,179	37,355	36,764	33,044	34,980	30,046
Total Debt	28,128	27,403	23,589	23,224	20,635	20,266	17,883	18,590	15,969
Total Long-Term Debt	22,802	23,584	20,531	21,169	18,740	17,275	14,480	14,475	12,332
Net Debt	27,036	26,818	23,478	22,475	19,867	19,616	17,572	17,446	14,700
Capital Expenditures (CapEx)	3,075	3,609	3,795	5,427	3,294	3,063	2,901	2,949	2,806
Debt-free, Cash-free Net Working Capital (DFCFNWC)	121	46	-735	-453	-306	-402	-305	-416	-231
Debt-free Net Working Capital (DFNWC)	1,213	631	-624	-227	-130	-290	6.60	80	404
Net Working Capital (NWC)	-4,113	-3,188	-3,682	-2,281	-2,025	-3,281	-3,397	-4,035	-3,233
Net Nonoperating Expense (NNE)	779	1,086	687	547	778	602	778	664	519
Net Nonoperating Obligations (NNO)	7,156	3,977	2,707	23,330	20,641	20,353	18,222	18,119	15,275
Total Depreciation and Amortization (D&A)	3,501	3,725	3,490	3,607	3,452	3,348	2,941	3,055	2,611
Debt-free, Cash-free Net Working Capital to Revenue	0.71%	0.25%	-4.11%	-2.58%	-1.78%	-2.19%	-1.77%	-2.30%	-1.47%
Debt-free Net Working Capital to Revenue	7.15%	3.38%	-3.50%	-1.29%	-0.76%	-1.58%	0.04%	0.44%	2.57%
Net Working Capital to Revenue	-24.27%	-17.06%	-20.61%	-12.97%	-11.77%	-17.89%	-19.75%	-44.62%	-20.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	$2.28	$2.98	$2.99	$2.76	$2.60	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	912.30M	912.20M	911.50M	906.30M	904.30M	900.80M	898.60M	894.30M	0.00
Adjusted Diluted Earnings per Share	$0.13	$2.28	$2.98	$2.99	$2.76	$2.60	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	1.82B	911.98M	909.02M	1.81B	903.91M	898.20M	1.06B	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.76	$2.60	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	1.82B	911.98M	909.02M	1.81B	903.91M	898.20M	1.06B	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,986	3,038	3,058	3,044	3,103	3,232	3,031	3,200	2,890
Normalized NOPAT Margin	11.72%	16.26%	17.12%	17.31%	18.03%	17.62%	17.63%	17.69%	18.42%
Pre Tax Income Margin	4.88%	14.92%	16.37%	17.61%	15.08%	18.30%	16.91%	18.10%	19.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.70	3.50	4.45	4.66	3.98	4.66	4.71	4.65	5.33
NOPAT to Interest Expense	0.87	2.55	3.36	3.32	3.16	3.40	3.77	7.23	3.91
EBIT Less CapEx to Interest Expense	-0.89	0.27	-0.03	-1.75	0.20	1.32	1.01	1.36	1.44
NOPAT Less CapEx to Interest Expense	-1.71	-0.68	-1.12	-3.09	-0.62	0.05	0.07	0.33	0.01
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1,031.47%	159.65%	119.17%	115.59%	125.45%	93.18%	95.66%	87.64%	80.24%
Augmented Payout Ratio	1,094.13%	169.23%	127.89%	125.86%	135.89%	97.54%	109.01%	94.98%	83.67%

No quarterly metrics and ratios for BCE are available.

Frequently Asked Questions About BCE's Financials

When does BCE's financial year end?

According to the most recent income statement we have on file, BCE's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has BCE's net income changed over the last 8 years?

BCE's net income appears to be on a downward trend, with a most recent value of $260.42 million in 2024, falling from $2.30 billion in 2016. The previous period was $1.76 billion in 2023. See where experts think BCE is headed by visiting BCE's forecast page.

What is BCE's operating income?

BCE's total operating income in 2024 was $2.02 billion, based on the following breakdown:

Total Gross Profit: $7.35 billion
Total Operating Expenses: $5.34 billion

How has BCE revenue changed over the last 8 years?

Over the last 8 years, BCE's total revenue changed from $15.69 billion in 2016 to $16.95 billion in 2024, a change of 8.0%.

How much debt does BCE have?

BCE's total liabilities were at $38.98 billion at the end of 2024, a 0.1% increase from 2023, and a 60.5% increase since 2016.

How much cash does BCE have?

In the past 8 years, BCE's cash and equivalents has ranged from $110.11 million in 2022 to $1.09 billion in 2024, and is currently $1.09 billion as of their latest financial filing in 2024.

How has BCE's book value per share changed over the last 8 years?

Over the last 8 years, BCE's book value per share changed from 14.93 in 2016 to 12.02 in 2024, a change of -19.5%.

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This page (NYSE:BCE) was last updated on 5/29/2025 by MarketBeat.com Staff

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BCE (BCE) Financials

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BCE (BCE) Financials

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