BCE

BCE · NYSE

Telephone Communications (No Radiotelephone) · Fiscal year ends Dec 31 · Reports in CAD

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Net income was CAD 6.5B. Operating cash flow of CAD 7B less capital expenditure of CAD 3.7B left free cash flow of CAD 3.3B.

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Last 5 fiscal years

Revenue and net income

RevenueNet income
CAD 0CAD 2BCAD 4BCAD 6BCAD 8BDec 2021Dec 2022Dec 2023Dec 2024Dec 2025

Income statement

Fiscal yearDec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cost of revenueCAD 7.3BCAD 7.6BCAD 7.9BCAD 7.7BCAD 7.7B
Research & developmentCAD 57MCAD 57MCAD 90MCAD 66MCAD 60M
Interest expense–CAD 1.1BCAD 1.5BCAD 1.7BCAD 1.8B
Pre-tax incomeCAD 3.9BCAD 3.9BCAD 3.3BCAD 952MCAD 7.7B
Income taxCAD 1BCAD 967MCAD 996MCAD 577MCAD 1.2B
Net incomeCAD 2.9BCAD 2.9BCAD 2.3BCAD 375MCAD 6.5B

Balance sheet

Fiscal yearDec 2021Dec 2022Dec 2023Dec 2024Dec 2025
ReceivablesCAD 3.9BCAD 4.1BCAD 4BCAD 4.5BCAD 4.5B
InventoryCAD 482MCAD 656MCAD 465MCAD 420MCAD 389M
Current assetsCAD 6.2BCAD 6.5BCAD 7.9BCAD 8.9BCAD 7.4B
Net PP&ECAD 28.2BCAD 29.3B–––
GoodwillCAD 10.6BCAD 10.9BCAD 10.9BCAD 10.3BCAD 13.2B
Total assetsCAD 66.8BCAD 69.3BCAD 71.9BCAD 73.5BCAD 80.2B
PayablesCAD 4.5BCAD 5.2BCAD 4.7BCAD 4.5BCAD 4.4B
Current liabilitiesCAD 9.1BCAD 11.5BCAD 12.1BCAD 14.8BCAD 12.9B
Total liabilitiesCAD 43.8BCAD 46.8BCAD 51.4BCAD 56.1BCAD 56.9B
Shareholders' equityCAD 22.6BCAD 22.2BCAD 20.2BCAD 17.1BCAD 23B

Cash flow

Fiscal yearDec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating cash flowCAD 8BCAD 8.4BCAD 7.9BCAD 7BCAD 7B
Capital expenditureCAD 4.9BCAD 5.1BCAD 4.6BCAD 3.9BCAD 3.7B
Free cash flowCAD 3.2BCAD 3.2BCAD 3.4BCAD 3.1BCAD 3.3B

Key ratios

Fiscal yearDec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Return on equityBlank when equity is negative12.8%13.2%11.5%2.2%28.3%
Cash conversion (CFO ÷ net income)2.77x2.86x3.41x18.6x1.07x
Inventory days2431212018
Payable days223249218214208
Current ratio0.68x0.57x0.65x0.60x0.58x

Recent filings

More in Telephone Communications (No Radiotelephone)

Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.