BCE (BCE.TO) stock price, revenue, and financials

BCE market cap is C$61 b, and annual revenue was C$23.45 b in FY 2021

C$61 B

BCE.TO Mkt cap, 19-May-2022

C$23.4 B

BCE Revenue FY, 2021
BCE Gross profit (FY, 2021)9.9 B
BCE Net income (FY, 2021)2.9 B
BCE EBITDA (FY, 2021)9.5 B
BCE EBIT (FY, 2021)4.8 B
BCE Cash, 31-Dec-2021207 M
BCE EV90.4 B
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BCE Revenue Breakdown

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BCE revenue breakdown by business segment: 51.9% from BELL WIRELINE, 12.9% from BELL MEDIA, 38.4% from BELL WIRELESS and -3.3% from Other

BCE Income Statement

Annual

CADFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

23.5b24.0b23.0b23.4b

Cost of goods sold

(13.9b)(13.9b)(13.3b)(13.6b)

Gross profit

9.5b10.1b9.7b9.9b

Operating expense total

(236.0m)(132.0m)(174.0m)(262.0m)

Depreciation and amortization

(4.2b)(4.5b)(4.9b)(4.8b)

EBITDA

9.3b9.9b9.5b9.5b

EBIT

5.1b5.6b4.7b4.8b

Interest expense

(1.1b)(1.2b)(1.2b)(1.1b)

Pre tax profit

4.0b4.4b3.5b3.9b

Income tax expense

(995.0m)(1.1b)(799.0m)(1.0b)

Net Income

3.0b3.3b2.7b2.9b

Quarterly

CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

5.7b5.9b6.0b5.7b5.4b5.8b5.7b5.7b5.8b

Cost of goods sold

(3.3b)(3.3b)(3.4b)(2.1b)(3.0b)(3.4b)(3.3b)(3.2b)(3.3b)

Gross profit

2.4b2.6b2.6b3.5b2.4b2.5b2.4b2.5b2.6b

Operating expense total

(24.0m)(39.0m)(23.0m)(1.1b)(22.0m)(55.0m)(142.0m)(7.0m)(50.0m)

Depreciation and amortization

(1.1b)(1.1b)(1.1b)(1.1b)(1.6b)(1.1b)(1.1b)(1.3b)(1.1b)

EBITDA

2.4b2.5b2.6b2.4b2.3b2.4b2.3b2.5b2.5b

EBIT

1.3b1.4b1.5b1.3b694.0m1.3b1.2b1.1b1.3b

Interest expense

(299.0m)(296.0m)(298.0m)(291.0m)(293.0m)(293.0m)(272.0m)(273.0m)(277.0m)

Pre tax profit

1.1b1.1b1.2b978.0m392.0m1.0b940.0m970.0m1.1b

Income tax expense

(293.0m)(276.0m)(321.0m)(245.0m)(98.0m)(265.0m)(253.0m)(236.0m)(306.0m)

Net Income

791.0m817.0m922.0m733.0m294.0m740.0m687.0m734.0m813.0m

BCE Balance Sheet

Annual

CADFY, 2018FY, 2019FY, 2020FY, 2021

Cash

425.0m145.0m224.0m207.0m

Accounts Receivable

2.9b2.8b3.1b3.8b

Prepaid Expenses

244.0m194.0m209.0m254.0m

Inventories

432.0m427.0m439.0m482.0m

Current Assets

5.8b5.5b5.7b6.2b

PP&E

24.8b27.6b27.5b28.2b

Goodwill

10.7b10.7b10.6b10.6b

Total Assets

57.1b60.1b60.7b66.8b

Accounts Payable

2.5b2.6b2.6b2.9b

Short-term debt

4.6b3.9b2.4b2.6b

Current Liabilities

10.4b9.8b8.3b9.1b

Long-term debt

19.8b22.4b23.9b27.0b

Non-Current Liabilities

26.0b29.0b31.1b34.7b

Total Debt

24.4b26.3b26.3b29.7b

Total Liabilities

36.4b38.7b39.3b43.8b

Common Stock

20.0b20.4b20.4b20.7b

Additional Paid-in Capital

1.2b1.2b1.2b1.2b

Retained Earnings

(4.9b)(4.6b)(4.7b)(3.4b)

Total Equity

20.7b21.4b21.3b22.9b

Quarterly

CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

668.0m1.1b966.0m2.7b1.5b1.5b2.6b1.8b2.2b

Accounts Receivable

2.9b3.0b2.9b3.0b2.6b2.7b3.2b3.2b3.5b

Prepaid Expenses

350.0m349.0m270.0m280.0m301.0m264.0m345.0m346.0m292.0m

Inventories

472.0m487.0m483.0m487.0m445.0m425.0m459.0m418.0m418.0m

Current Assets

6.0b6.5b6.3b8.3b7.5b7.5b7.9b6.9b7.5b

PP&E

27.3b27.4b27.4b27.4b26.8b27.1b27.4b27.6b27.8b

Goodwill

10.7b10.7b10.7b10.7b10.6b10.6b10.6b10.6b10.6b

Total Assets

59.8b60.2b60.6b65.5b61.2b61.6b64.2b64.1b66.3b

Accounts Payable

3.6b3.7b3.7b3.3b3.3b3.6b3.7b3.9b4.1b

Short-term debt

5.5b5.7b4.7b4.2b2.6b2.9b3.8b2.3b

Current Liabilities

11.0b11.3b10.4b9.4b8.1b8.6b9.5b8.4b8.0b

Long-term debt

22.0b21.9b22.4b25.5b25.0b24.9b25.0b25.4b27.1b

Non-Current Liabilities

28.3b28.4b29.0b32.7b31.9b32.0b32.4b33.0b34.8b

Total Debt

27.5b27.6b27.2b29.7b27.6b27.8b28.8b27.7b27.1b

Total Liabilities

39.3b39.8b39.4b42.1b40.1b40.5b41.9b41.4b42.8b

Common Stock

20.1b20.1b20.4b20.4b20.4b20.4b20.4b20.5b20.6b

Additional Paid-in Capital

1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b

Retained Earnings

(5.0b)(5.2b)(4.7b)(3.0b)(5.1b)(5.1b)(3.7b)(3.4b)(3.0b)

Total Equity

20.5b20.5b21.3b23.4b21.1b21.1b22.4b22.8b23.5b

BCE Cash Flow

Annual

CADFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

3.0b3.3b2.5b2.9b

Depreciation and Amortization

4.0b4.4b4.4b4.6b

Cash From Operating Activities

7.4b8.0b7.8b8.0b

Cash From Investing Activities

(4.4b)(4.0b)(3.5b)(7.0b)

Short-term Borrowings

(123.0m)(1.1b)(1.6b)

Long-term Borrowings

283.0m(274.0m)1.0b2.6b

Dividends Paid

(2.8b)(3.0b)(3.2b)(3.3b)

Cash From Financing Activities

(3.2b)(4.2b)(4.1b)(1.0b)

Net Change in Cash

(200.0m)(280.0m)83.0m(17.0m)

Quarterly

CADQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

791.0m1.6b3.3b733.0m1.0b2.5b687.0m1.4b2.9b

Depreciation and Amortization

1.1b2.2b4.4b1.1b2.2b4.4b1.1b2.3b4.6b

Accounts Receivable

(92.0m)

Cash From Operating Activities

1.5b3.6b7.4b1.5b4.0b7.6b2.0b4.5b8.3b

Cash From Investing Activities

(874.0m)(1.9b)(3.7b)(790.0m)(1.7b)(3.7b)(1.0b)(2.3b)(4.9b)

Long-term Borrowings

363.0m446.0m66.0m2.3b890.0m3.3b2.3b1.1b4.4b

Dividends Paid

(731.0m)(1.5b)(3.0b)(766.0m)(1.6b)(3.1b)(797.0m)(1.6b)(3.3b)

Cash From Financing Activities

(399.0m)(1.1b)(2.9b)1.9b(877.0m)189.0m1.4b(695.0m)959.0m

Net Change in Cash

243.0m669.0m784.0m2.5b1.4b4.1b2.4b1.5b4.3b

BCE Ratios

CADFY, 2018

Revenue/Employee

444.6k

BCE Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Gross Activations (Bell Wireless)

1.95 m410.3 k517.65 k593.55 k2.12 m406.42 k372.71 k514.38 k1.81 m340.13 k348.4 k470.17 k

Postpaid Gross Activations (Bell Wireless)

1.62 m320.56 k375.09 k417.97 k1.57 m282.41 k243.17 k365.78 k286.31 k248.99 k242.72 k336.33 k

Prepaid Gross Activations (Bell Wireless)

339.03 k89.74 k142.56 k175.58 k548.79 k124.01 k129.54 k148.6 k519.43 k91.14 k242.72 k133.84 k

Net Activations (Bell Wireless)

479.81 k38.28 k149.48 k204.07 k515.41 k19.6 k34.7 k128.17 k263.72 k2.41 k46.25 k136.46 k

Postpaid Net Activations (Bell Wireless)

447.68 k50.2 k102.98 k127.17 k401.96 k23.65 k21.63 k87.53 k225.74 k32.93 k44.43 k114.82 k

Prepaid Net Activations (Bell Wireless)

32.13 k-11.92 k46.5 k76.9 k113.45 k-4.06 k13.07 k40.64 k37.98 k-30.52 k1.81 k21.64 k

Subscribers (Bell Wireless)

9.61 m9.48 m9.63 m9.83 m9.96 m9.98 m10.01 m10.14 m10.22 m9.17 m9.21 m9.35 m

Postpaid Subscribers (Bell Wireless)

8.83 m8.81 m8.91 m9.04 m9.16 m9.18 m9.21 m9.29 m9.39 m8.36 m8.41 m8.52 m

Prepaid Subscribers (Bell Wireless)

780.27 k672.65 k719.14 k796.04 k798.02 k793.97 k807.04 k847.68 k836 k805.48 k807.3 k828.94 k

Blended ABPU (Bell Wireless), $/month

67.7667.3568.7969.9468.3265.5362.7765.7464.6970.3472.2174.07

Retail Net Activations (Bell Wireline, Retail High-Speed Internet)

107.84 k22.67 k19.41 k58.14 k135.86 k22.6 k19.02 k62.86 k148.99 k21.21 k17.68 k65.78 k

Retail Subscribers (Bell Wireline, Retail High-Speed Internet)

3.93 m3.44 m3.46 m3.52 m3.56 m3.58 m3.6 m3.66 m3.7 m3.73 m3.75 m3.81 m

Retail Net Subscriber Activations (Bell Wireline, Retail TV)

6.18 k-1.56 k2.35 k4.84 k6.05 k-18.56 k-15.54 k-296-33.86 k-9.11 k-4.93 k10.52 k

Retail Net Subscriber Activations (Bell Wireline, IPTV)

110.79 k20.92 k16.78 k31.75 k91.48 k2.85 k-3.6 k18.84 k39.19 k10.7 k4.54 k31.64 k

Retail Net Subscriber Activations (Bell Wireline, Satelite)

-22.48 k-14.43 k-26.9 k-85.42 k-21.41 k-11.94 k-19.13 k-73.05 k-19.81 k-9.47 k-21.12 k

Total Retail Subscribers (Bell Wireline, Retail TV)

2.85 m2.76 m2.77 m2.77 m2.77 m2.75 m2.74 m2.74 m2.74 m2.72 m2.72 m2.73 m

Total Retail Subscribers (Bell Wireline, IPTV)

1.68 m1.7 m1.71 m1.75 m1.77 m1.77 m1.77 m1.79 m1.81 m1.82 m1.82 m1.85 m

Total Retail Subscribers (Bell Wireline, Satelite)

1.07 m1.05 m1.03 m1.01 m983.88 k971.94 k952.8 k932.23 k906.3 k896.83 k875.71 k

Net Losses (Bell Wireline, Retail Residential NAS Lines)

-264.56 k-66.78 k-72.78 k-65.66 k-263.33 k-61.6 k-48.41 k-49.79 k-213.55 k-51.07 k-51.29 k-42.76 k

Subscribers (Bell Wireline, Retail Residential NAS Lines)

2.99 m2.89 m2.82 m2.76 m2.7 m2.64 m2.59 m2.54 m2.48 m2.43 m2.38 m2.34 m

Advertising Faces Owning (Bell Media)

31 k50 k50 k

All-Fibre Footprint, homes

4.6 m5.1 m5.6 m

Applications (Bell Media)

3030300

Channels (Bell Wireless, Mobile Content)

404066

Conventional TV Stations (Bell Media)

303035

Customer-Completed Transactions (Self-Serve Channels)

13.4 m19.5 m

DTC Streaming Services

333

Data Centers

28

Feedback Provided

195 k

Fibre Locations

9.5 m9.7 m

Licensed Radio Stations (Bell Media)

109109109

Locations (Bell Wireless, Roaming Services)

230230230

Locations (Bell Wireline, WTTP)

250 k

Messages Sent to Technicians

240 k

Monthly Unique Visitors (Bell Media)

20.6 m22.2 m24.3 m

Pay TV Services (Bell Media)

44

Retail Locations (Bell Wireless)

2.36 k3.5 k4.6 k

Specialty Channels (Bell Media)

2927

Subscribers (Bell Media’s Crave)

2.3 m2.6 m

Total Growth Services Net Activations (BCE)

593.83 k657.32 k

Total Services Net Activations (BCE)

329.27 k394 k165.3 k37.59 k55.16 k203.04 k

Total Growth Services Subscribers (BCE)

15.79 m16.29 m

Total Services Subscribers (BCE)

19.39 m18.98 m19.15 m20.18 m20.24 m20.44 m

Websites (Bell Media)

200200200

Weekly Consumers (Astral)

14 m18 m18 m

Weekly Listeners (Bell Media)

16.6 m16.8 m14.4 m

Wi-Fi Locations

17 k

Wireless Spectrum Licences (Bell Wireless), MHz-Pop

4.8 b4.8 b4.8 m