BCE Inc. Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	320	1,572	772	149	289
Short-Term Investments	-	400	1,000	-	-
Cash & Short-Term Investments	320	1,972	1,772	149	289
Cash Growth	-83.77%	11.29%	1089.26%	-48.44%	29.02%
Accounts Receivable	5,049	4,471	4,139	4,249	3,952
Other Receivables	-	495	335	325	411
Receivables	5,049	4,966	4,474	4,574	4,363
Inventory	389	420	465	656	482
Prepaid Expenses	379	259	230	244	254
Other Current Assets	1,270	1,306	957	864	810
Total Current Assets	7,407	8,923	7,898	6,487	6,198
Property, Plant & Equipment	33,779	30,001	30,352	29,256	28,235
Long-Term Investments	396	1,218	910	823	851
Goodwill	13,113	10,261	10,942	10,906	10,572
Other Intangible Assets	17,151	16,786	16,609	16,183	15,570
Long-Term Accounts Receivable	272	692	693	674	638
Long-Term Deferred Tax Assets	178	136	96	84	105
Long-Term Deferred Charges	959	888	779	603	387
Other Long-Term Assets	6,822	4,580	3,661	4,313	4,208
Total Assets	80,077	73,485	71,940	69,329	66,764
Accounts Payable	4,392	2,961	3,308	3,602	2,931
Accrued Expenses	435	1,238	1,108	996	900
Short-Term Debt	-	3,803	1,795	2,457	1,635
Current Portion of Long-Term Debt	6,155	2,778	2,173	750	864
Current Portion of Leases	-	1,088	1,074	930	126
Current Income Taxes Payable	567	42	268	106	141
Current Unearned Revenue	872	774	811	857	799
Other Current Liabilities	435	2,162	1,570	1,771	1,717
Total Current Liabilities	12,856	14,846	12,107	11,469	9,113
Long-Term Debt	34,904	28,244	26,278	24,311	23,603
Long-Term Leases	-	4,591	4,857	3,472	3,445
Long-Term Unearned Revenue	374	350	277	228	246
Pension & Post-Retirement Benefits	1,151	1,204	1,278	1,311	1,734
Long-Term Deferred Tax Liabilities	6,119	5,244	4,869	4,953	4,679
Other Long-Term Liabilities	1,466	1,646	1,717	1,070	1,003
Total Liabilities	56,870	56,125	51,383	46,814	43,823
Common Stock	21,493	20,860	20,859	20,840	20,662
Additional Paid-In Capital	1,308	1,278	1,258	1,172	1,157
Retained Earnings	-3,675	-8,441	-5,513	-3,649	-3,400
Comprehensive Income & Other	503	-159	-42	-55	213
Total Common Equity	19,629	13,538	16,562	18,308	18,632
Minority Interest	290	289	328	337	306
Shareholders' Equity	23,207	17,360	20,557	22,515	22,941
Total Liabilities & Equity	80,077	73,485	71,940	69,329	66,764
Total Debt	41,059	40,504	36,177	31,920	29,673
Net Cash (Debt)	-40,739	-38,532	-34,405	-31,771	-29,384
Net Cash Per Share	-43.85	-42.24	-37.72	-34.84	-32.41
Filing Date Shares Outstanding	932.5	921.82	912.28	912.16	910.92
Total Common Shares Outstanding	932.5	912.28	912.27	911.98	909.02
Working Capital	-5,449	-5,923	-4,209	-4,982	-2,915
Book Value Per Share	21.05	14.84	18.15	20.07	20.50
Tangible Book Value	-10,635	-13,509	-10,989	-8,781	-7,510
Tangible Book Value Per Share	-11.40	-14.81	-12.05	-9.63	-8.26
Land	-	5,162	5,031	5,020	4,958
Construction In Progress	-	2,225	2,355	2,598	2,241

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.