BCE Inc. (BCE)

BCE Inc. Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	2,076	2,716	2,709	2,498	3,040
Depreciation & Amortization	4,918	4,723	4,609	4,404	4,344
Other Operating Activities	765	774	559	651	361
Operating Cash Flow	7,946	8,365	8,008	7,754	7,958
Operating Cash Flow Growth	-5.01%	4.46%	3.28%	-2.56%	7.77%
Capital Expenditures	-4,764	-5,136	-6,934	-4,202	-3,974
Acquisitions	-13	-377	-12	-65	-51
Change in Investments	-1,000	0	0	-	0
Other Investing Activities	-4	-4	-72	727	-11
Investing Cash Flow	-5,781	-5,517	-7,018	-3,540	-4,036
Dividends Paid	-3,486	-3,312	-3,132	-2,975	-2,819
Share Issuance / Repurchase	-205	-84	-36	-237	98
Debt Issued / Paid	2,542	739	2,435	-638	-1,209
Other Financing Activities	-393	-331	-192	-285	-272
Financing Cash Flow	-1,542	-2,988	-925	-4,135	-4,202
Net Cash Flow	448	-190	65	83	-284
Free Cash Flow	3,182	3,229	1,074	3,552	3,984
Free Cash Flow Growth	-1.46%	200.65%	-69.76%	-10.84%	16.73%
Free Cash Flow Margin	12.90%	13.36%	4.58%	15.52%	16.74%
Free Cash Flow Per Share	3.49	3.54	1.19	3.93	4.42

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