BCE Inc. Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,376	320	1,572	772	149	289
Short-Term Investments	-	-	400	1,000	-	-
Cash & Short-Term Investments	1,376	320	1,972	1,772	149	289
Cash Growth	30.80%	-83.77%	11.29%	1089.26%	-48.44%	29.02%
Accounts Receivable	4,872	4,366	4,471	4,139	4,249	3,952
Other Receivables	-	683	495	335	325	411
Receivables	4,872	5,049	4,966	4,474	4,574	4,363
Inventory	326	389	420	465	656	482
Prepaid Expenses	489	379	259	230	244	254
Other Current Assets	1,310	1,270	1,306	957	864	810
Total Current Assets	8,373	7,407	8,923	7,898	6,487	6,198
Property, Plant & Equipment	33,127	33,541	30,001	30,352	29,256	28,235
Long-Term Investments	1,974	1,594	1,218	910	823	851
Goodwill	13,310	13,231	10,261	10,942	10,906	10,572
Other Intangible Assets	17,566	17,234	16,786	16,609	16,183	15,570
Long-Term Accounts Receivable	263	671	692	693	674	638
Long-Term Deferred Tax Assets	185	178	136	96	84	105
Long-Term Deferred Charges	933	959	888	779	603	387
Other Long-Term Assets	5,646	5,350	4,580	3,661	4,313	4,208
Total Assets	81,377	80,165	73,485	71,940	69,329	66,764
Accounts Payable	4,117	2,817	2,961	3,308	3,602	2,931
Accrued Expenses	282	1,293	1,238	1,108	996	900
Short-Term Debt	-	4,160	3,803	1,795	2,457	1,635
Current Portion of Long-Term Debt	5,513	1,062	2,778	2,173	750	864
Current Portion of Leases	-	933	1,088	1,074	930	126
Current Income Taxes Payable	117	567	42	268	106	141
Current Unearned Revenue	906	872	774	811	857	799
Other Current Liabilities	432	1,152	2,162	1,570	1,771	1,717
Total Current Liabilities	11,367	12,856	14,846	12,107	11,469	9,113
Long-Term Debt	37,447	30,595	28,244	26,278	24,311	23,603
Long-Term Leases	-	4,309	4,591	4,857	3,472	3,445
Long-Term Unearned Revenue	395	374	350	277	228	246
Pension & Post-Retirement Benefits	1,117	1,151	1,204	1,278	1,311	1,734
Long-Term Deferred Tax Liabilities	6,216	6,105	5,244	4,869	4,953	4,679
Other Long-Term Liabilities	1,182	1,465	1,646	1,717	1,070	1,003
Total Liabilities	57,724	56,855	56,125	51,383	46,814	43,823
Common Stock	21,493	21,493	20,860	20,859	20,840	20,662
Additional Paid-In Capital	1,300	1,308	1,278	1,258	1,172	1,157
Retained Earnings	-2,574	-3,642	-8,441	-5,513	-3,649	-3,400
Comprehensive Income & Other	-109	573	-159	-42	-55	213
Total Common Equity	20,110	19,732	13,538	16,562	18,308	18,632
Minority Interest	293	290	289	328	337	306
Shareholders' Equity	23,653	23,310	17,360	20,557	22,515	22,941
Total Liabilities & Equity	81,377	80,165	73,485	71,940	69,329	66,764
Total Debt	42,960	41,059	40,504	36,177	31,920	29,673
Net Cash (Debt)	-41,584	-40,739	-38,532	-34,405	-31,771	-29,384
Net Cash Per Share	-44.61	-43.85	-42.24	-37.72	-34.84	-32.41
Filing Date Shares Outstanding	932.53	932.53	921.82	912.28	912.16	910.92
Total Common Shares Outstanding	932.53	932.53	912.28	912.27	911.98	909.02
Working Capital	-2,994	-5,449	-5,923	-4,209	-4,982	-2,915
Book Value Per Share	21.57	21.16	14.84	18.15	20.07	20.50
Tangible Book Value	-10,766	-10,733	-13,509	-10,989	-8,781	-7,510
Tangible Book Value Per Share	-11.54	-11.51	-14.81	-12.05	-9.63	-8.26
Land	-	5,723	5,162	5,031	5,020	4,958
Construction In Progress	-	2,581	2,225	2,355	2,598	2,241

Source: S&P Global Market Intelligence. Standard template. Financial Sources.