BCE Inc. (TSX: BCE)

BCE Inc. Income Statement

Financials in millions CAD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	24,673	24,174	23,449	22,883	23,964
Revenue Growth (YoY)	2.06%	3.09%	2.47%	-4.51%	2.11%
Cost of Revenue	17,250	7,641	13,556	13,276	13,858
Gross Profit	7,423	16,533	9,893	9,607	10,106
Selling, General & Admin	1,834	4,417	4,424	269	247
Research & Development	90	57	57	47	109
Other Operating Expenses	33	14,281	13,741	17,411	18,009
Operating Expenses	1,924	18,698	18,165	17,680	18,256
Operating Income	5,499	5,412	5,444	5,009	5,695
Interest Income	67	51	1,082	1,110	1,125
Interest Expense	1,610	1,146	1,102	1,156	1,195
Other Expense / Income	697	482	1,540	1,537	1,301
Pretax Income	3,876	3,893	3,936	3,265	4,386
Income Tax	996	967	1,044	792	1,133
Net Income	2,263	2,868	2,840	2,634	3,191
Net Income Growth	-21.09%	0.99%	7.82%	-17.46%	8.95%
Shares Outstanding (Basic)	912	912	906	904	901
Shares Outstanding (Diluted)	912	912	907	904	901
Shares Change	0.02%	0.58%	0.25%	0.33%	0.28%
EPS (Basic)	2.28	2.98	2.99	2.53	3.37
EPS (Diluted)	2.28	2.98	2.99	2.53	3.37
EPS Growth	-23.49%	-0.33%	18.18%	-24.93%	3.37%
Free Cash Flow	3,182	3,229	1,089	3,466	3,970
Free Cash Flow Per Share	3.49	3.54	1.20	3.83	4.40
Gross Margin	30.09%	68.39%	42.19%	41.98%	42.17%
Operating Margin	22.29%	22.39%	23.22%	21.89%	23.76%
Profit Margin	9.17%	11.86%	12.11%	11.51%	13.32%
Free Cash Flow Margin	12.90%	13.36%	4.64%	15.15%	16.57%
Effective Tax Rate	25.70%	24.84%	26.52%	24.26%	25.83%
EBITDA	10,417	10,135	10,053	9,413	10,093
EBITDA Margin	42.22%	41.93%	42.87%	41.14%	42.12%
Depreciation & Amortization	4,918	4,723	4,609	4,404	4,398
EBIT	5,499	5,412	5,444	5,009	5,695
EBIT Margin	22.29%	22.39%	23.22%	21.89%	23.76%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.