BCE Inc. (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	23,793
Revenue Growth (YoY)	2.06%	3.09%	2.47%	-3.82%	1.38%
Cost of Revenue	14,256	13,975	13,556	13,276	13,787
Gross Profit	10,417	10,199	9,893	9,607	10,006
Other Operating Expenses	5,118	4,817	4,818	4,520	4,458
Operating Expenses	5,118	4,817	4,818	4,520	4,458
Operating Income	5,299	5,382	5,075	5,087	5,548
Interest Expense / Income	1,475	1,146	1,082	1,110	1,125
Other Expense / Income	565	401	109	486	41
Pretax Income	3,259	3,835	3,884	3,491	4,382
Income Tax	996	967	1,044	792	1,129
Net Income	2,263	2,868	2,840	2,699	3,253
Preferred Dividends	187	152	131	0	0
Net Income Common	2,076	2,716	2,709	2,498	3,040
Net Income Growth	-23.56%	0.26%	8.45%	-17.83%	9.16%
Shares Outstanding (Basic)	912	912	906	904	901
Shares Outstanding (Diluted)	912	912	906	904	901
Shares Change	0.08%	0.57%	0.22%	0.39%	0.24%
EPS (Basic)	2.28	2.98	2.99	2.76	3.37
EPS (Diluted)	2.28	2.98	2.99	2.76	3.37
EPS Growth	-23.49%	-0.33%	8.33%	-18.10%	8.71%
Free Cash Flow	3,182	3,229	1,074	3,552	3,984
Free Cash Flow Per Share	3.49	3.54	1.19	3.93	4.42
Dividend Per Share	2.854	2.823	2.791	3.149	3.170
Dividend Growth	1.10%	1.15%	-11.37%	-0.66%	37.23%
Gross Margin	42.22%	42.19%	42.19%	41.98%	42.05%
Operating Margin	21.48%	22.26%	21.64%	22.23%	23.32%
Profit Margin	8.41%	11.24%	11.55%	10.92%	12.78%
Free Cash Flow Margin	12.90%	13.36%	4.58%	15.52%	16.74%
Effective Tax Rate	30.56%	25.22%	26.88%	22.69%	25.76%
EBITDA	9,652	9,704	9,575	9,005	9,851
EBITDA Margin	39.12%	40.14%	40.83%	39.35%	41.40%
Depreciation & Amortization	4,918	4,723	4,609	4,404	4,344
EBIT	4,734	4,981	4,966	4,601	5,507
EBIT Margin	19.19%	20.60%	21.18%	20.11%	23.15%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).