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BCE Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Total Revenue 6.4B 6.0B 6.1B 5.9B 6.4B 6.0B --
Operating Revenue 6.4B 6.0B 6.1B 5.9B 6.4B 6.0B --
Cost Of Revenue 2.2B 1.8B 1.9B 1.9B 2.3B 1.7B --
Gross Profit 4.3B 4.3B 4.2B 4.0B 4.1B 4.2B --
Selling General And Administration 1.0B 974.0M 992.0M 1.0B 1.0B 1.0B --
General And Administrative Expense 1.0B 974.0M 992.0M 1.0B 1.0B 1.0B --
Depreciation And Amortization In Income Statement 1.4B 1.3B 1.3B 1.3B 1.2B 1.3B --
Other Operating Expenses 574.0M 548.0M 507.0M 482.0M 502.0M 480.0M --
Operating Expense 3.0B 2.8B 2.8B 2.8B 2.8B 2.8B --
Operating Income 1.3B 1.5B 1.4B 1.3B 1.4B 1.5B --
EBIT 1.3B 5.5B 1.3B 1.4B 1.1B -746.0M --
Interest Expense 453.0M 457.0M 442.0M 423.0M 406.0M 440.0M --
Interest Expense Non Operating 453.0M 457.0M 442.0M 423.0M 406.0M 440.0M --
Interest Income 18.0M 20.0M 15.0M 26.0M -43.0M 35.0M --
Interest Income Non Operating 18.0M 20.0M 15.0M 26.0M -43.0M 35.0M --
Net Interest Income -410.0M -411.0M -401.0M -372.0M -383.0M -389.0M --
Other Income Expense -51.0M 4.0B -102.0M 26.0M -292.0M -2.3B --
Other Non Operating Income Expenses 31.0M 20.0M -85.0M 20.0M 48.0M -12.0M --
Special Income Charges -146.0M -1.2B 35.0M 7.0M -151.0M -2.2B --
Restructuring And Mergern Acquisition 147.0M 82.0M 41.0M 247.0M 154.0M 49.0M --
Write Off -- -- -- 9.0M -- -- --
Gain On Sale Of Security 54.0M 5.2B -51.0M -1.0M -199.0M 108.0M --
Earnings From Equity Interest 10.0M -1.0M -1.0M 0.00 10.0M -175.0M --
Pretax Income 833.0M 5.0B 884.0M 940.0M 680.0M -1.2B --
Tax Provision 201.0M 495.0M 240.0M 257.0M 175.0M 5.0M --
Tax Effect Of Unusual Items -22.2M 390.9M -4.3M 1.6M -90.1M -310.9M --
Net Income From Continuing And Discontinued Operation 630.0M 4.5B 619.0M 671.0M 504.0M -1.2B --
Net Income From Continuing Operation Net Minority Interest 630.0M 4.5B 619.0M 671.0M 504.0M -1.2B --
Net Income Including Noncontrolling Interests 632.0M 4.6B 644.0M 683.0M 505.0M -1.2B --
Minority Interests -2.0M -15.0M -25.0M -12.0M -1.0M -1.0M --
Net Income Common Stockholders 594.0M 4.5B 579.0M 630.0M 461.0M -1.2B --
Net Income 630.0M 4.5B 619.0M 671.0M 504.0M -1.2B --
EBITDA 2.7B 6.8B 2.6B 2.6B 2.3B 513.0M --
Normalized EBITDA 2.7B 2.8B 2.6B 2.6B 2.7B 2.6B --
Reconciled Depreciation 1.4B 1.3B 1.3B 1.3B 1.2B 1.3B --
Basic EPS 0.64 -- 0.63 0.68 -- -1.36 0.59
Diluted EPS 0.64 -- 0.63 0.68 -- -1.36 0.59
Basic Average Shares 928.1M -- 930.9M 920.3M -- 912.3M 912.3M
Diluted Average Shares 928.1M -- 930.9M 920.3M -- 912.3M 912.3M
Total Unusual Items -92.0M 4.0B -16.0M 6.0M -350.0M -2.1B --
Total Unusual Items Excluding Goodwill -92.0M 4.0B -16.0M 6.0M -350.0M -2.1B --
Tax Rate For Calcs 0.24 0.10 0.27 0.27 0.26 0.15 --
Normalized Income 699.8M 941.9M 630.7M 666.6M 763.9M 570.0M --
Amortization 368.0M 340.0M 338.0M 331.0M 317.0M 325.0M --
Amortization Of Intangibles Income Statement 368.0M 340.0M 338.0M 331.0M 317.0M 325.0M --
Depreciation Amortization Depletion Income Statement 1.4B 1.3B 1.3B 1.3B 1.2B 1.3B --
Depreciation Income Statement 1.0B 969.0M 949.0M 941.0M 933.0M 934.0M --
Diluted NI Availto Com Stockholders 594.0M 4.5B 579.0M 630.0M 461.0M -1.2B --
Gain On Sale Of Ppe -5.0M -11.0M -7.0M -3.0M 7.0M -19.0M --
Impairment Of Capital Assets 40.0M 970.0M 8.0M -- 4.0M 2.1B 60.0M
Net Income Continuous Operations 632.0M 4.6B 644.0M 683.0M 505.0M -1.2B --
Net Non Operating Interest Income Expense -410.0M -411.0M -401.0M -372.0M -383.0M -389.0M --
Other Special Charges -46.0M 154.0M -91.0M -266.0M -- -- --
Preferred Stock Dividends 36.0M 38.0M 40.0M 41.0M 43.0M 45.0M --
Reconciled Cost Of Revenue 2.2B 1.8B 1.9B 1.9B 2.3B 1.7B --
Salaries And Wages 1.0B 974.0M 992.0M 1.0B 1.0B 1.0B --
Total Expenses 5.1B 4.6B 4.7B 4.6B 5.1B 4.5B --
Total Other Finance Cost -25.0M -26.0M -26.0M -25.0M -- -- -17.0M
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Cash And Cash Equivalents 320.0M 465.0M 510.0M 1.1B 1.6B 1.9B --
Cash Cash Equivalents And Short Term Investments 320.0M 465.0M 510.0M 1.1B 2.0B 2.6B --
Cash Equivalents 6.0M 5.0M 3.0M 3.0M 0.00 0.00 --
Cash Financial 314.0M 460.0M 507.0M 1.0B 1.6B 1.9B --
Other Short Term Investments 0.00 0.00 0.00 0.00 400.0M 750.0M --
Accounts Receivable 3.9B 4.1B 4.0B 4.0B 4.2B 4.0B --
Receivables 5.0B 4.6B 4.5B 4.5B 5.0B 4.4B --
Inventory 389.0M 378.0M 453.0M 422.0M 420.0M 382.0M --
Prepaid Assets 379.0M 357.0M 399.0M 344.0M 259.0M 328.0M --
Other Current Assets 414.0M 359.0M 409.0M 593.0M 524.0M 244.0M --
Current Assets 7.4B 7.0B 7.1B 7.8B 8.9B 8.8B --
Gross PPE 93.0B -- -- -- 88.5B -- --
Accumulated Depreciation -59.5B -- -- -- -58.5B -- --
Net PPE 33.5B 32.8B 29.5B 29.8B 30.0B 29.9B --
Goodwill 13.2B 14.5B 10.2B 10.2B 10.3B 10.3B --
Goodwill And Other Intangible Assets 30.5B 30.7B 26.9B 27.0B 27.0B 27.1B --
Other Intangible Assets 17.2B 16.1B 16.7B 16.8B 16.8B 16.8B --
Investments And Advances 1.6B 370.0M 335.0M 337.0M 1.2B 320.0M --
Long Term Equity Investment 396.0M 370.0M 335.0M 337.0M 341.0M 320.0M --
Other Non Current Assets 368.0M 2.3B 2.2B 2.3B 348.0M 1.8B --
Total Non Current Assets 72.8B 71.5B 64.1B 64.4B 64.6B 63.9B --
Total Assets 80.2B 78.6B 71.1B 72.2B 73.5B 72.7B --
Current Debt 5.2B 5.8B 5.0B 5.3B 6.6B 7.5B --
Current Debt And Capital Lease Obligation 6.2B 5.8B 5.0B 5.3B 7.7B 7.5B --
Accounts Payable 2.8B 4.2B 4.3B 4.1B 3.0B 4.1B --
Payables 4.7B 5.3B 4.9B 5.2B 4.8B 5.1B --
Payables And Accrued Expenses 5.1B 5.6B 5.4B 5.5B 5.2B 5.4B --
Current Accrued Expenses 435.0M 281.0M 419.0M 284.0M 392.0M 329.0M --
Current Deferred Revenue 872.0M 737.0M 677.0M 773.0M 774.0M 710.0M --
Other Current Liabilities 672.0M 7.0M 500.0M 525.0M 1.2B 529.0M --
Current Liabilities 12.9B 12.2B 11.6B 12.1B 14.8B 14.1B --
Long Term Debt 34.9B 35.2B 32.5B 33.9B 32.8B 32.6B --
Long Term Debt And Capital Lease Obligation 34.9B 35.2B 32.5B 33.9B 32.8B 32.6B --
Other Non Current Liabilities 262.0M 1.4B 1.6B 1.7B 224.0M 1.2B --
Total Non Current Liabilities Net Minority Interest 44.0B 43.6B 41.2B 42.4B 41.3B 40.6B --
Total Liabilities Net Minority Interest 56.9B 55.8B 52.8B 54.5B 56.1B 54.7B --
Common Stock 21.5B 21.5B 21.5B 21.2B 20.9B 20.9B --
Capital Stock 24.8B 24.8B 24.9B 24.7B 24.4B 24.4B --
Additional Paid In Capital 1.3B 1.3B 1.3B 1.3B 1.3B 1.3B --
Retained Earnings -3.6B -4.1B -8.4B -8.6B -8.4B -8.0B --
Gains Losses Not Affecting Retained Earnings 573.0M 370.0M 240.0M 45.0M -159.0M 17.0M --
Other Equity Adjustments 573.0M 295.0M 240.0M 45.0M -159.0M 17.0M --
Common Stock Equity 19.7B 19.1B 14.6B 13.9B 13.5B 14.1B --
Stockholders Equity 23.0B 22.5B 18.1B 17.3B 17.1B 17.7B --
Total Equity Gross Minority Interest 23.3B 22.8B 18.4B 17.6B 17.4B 18.0B --
Minority Interest 290.0M 300.0M 310.0M 286.0M 289.0M 303.0M --
Total Capitalization 57.9B 57.6B 50.6B 51.2B 49.9B 50.3B --
Net Tangible Assets -7.4B -8.2B -8.8B -9.7B -10.0B -9.4B --
Tangible Book Value -10.7B -11.5B -12.3B -13.1B -13.5B -13.0B --
Working Capital -5.4B -5.1B -4.5B -4.3B -5.9B -5.3B --
Invested Capital 59.9B 60.1B 52.2B 53.0B 53.0B 54.2B --
Total Debt 41.1B 41.0B 37.6B 39.2B 40.5B 40.1B --
Net Debt 39.8B 40.5B 37.0B 38.1B 37.8B 38.2B --
Share Issued 932.5M 932.5M 932.5M 921.8M 912.3M 912.3M --
Ordinary Shares Number 932.5M 932.5M 932.5M 921.8M 912.3M 912.3M --
Allowance For Doubtful Accounts Receivable -164.0M -- -- -- -120.0M -- --
Assets Held For Sale Current 7.0M 85.0M 87.0M 79.0M 80.0M 88.0M --
Available For Sale Securities 1.2B -- -- -- 877.0M -- --
Capital Lease Obligations 933.0M -- -- -- 1.1B -- --
Commercial Paper 2.5B -- -- -- 2.2B -- --
Construction In Progress 2.6B -- -- -- 2.2B -- --
Current Capital Lease Obligation 933.0M -- -- -- 1.1B -- --
Current Deferred Assets 849.0M 780.0M 713.0M 753.0M 702.0M 726.0M --
Current Deferred Liabilities 872.0M 737.0M 677.0M 773.0M 774.0M 710.0M --
Current Notes Payable 86.0M -- -- -- 86.0M -- --
Current Provisions 55.0M -- -- -- 65.0M -- --
Defined Pension Benefit 4.3B 4.0B 3.7B 3.6B 3.6B 3.5B --
Derivative Product Liabilities 639.0M -- -- -- 863.0M -- --
Dividends Payable 425.0M 435.0M 425.0M 944.0M 933.0M 937.0M --
Employee Benefits 1.4B 1.2B 1.2B 1.2B 1.5B 1.2B --
Financial Assets 73.0M -- -- -- 224.0M -- --
Finished Goods 389.0M -- -- -- 420.0M -- --
Foreign Currency Translation Adjustments -- 75.0M -- -- -- -- --
Gross Accounts Receivable 4.1B -- -- -- 4.3B -- --
Interest Payable 435.0M 281.0M 419.0M 284.0M 392.0M 329.0M --
Investmentin Financial Assets 1.2B -- -- -- 877.0M -- --
Long Term Provisions 298.0M -- -- -- 288.0M -- --
Non Current Accounts Receivable 1.3B 257.0M 259.0M 279.0M 1.1B 249.0M --
Non Current Deferred Assets 1.1B 1.2B 1.1B 1.1B 1.0B 966.0M --
Non Current Deferred Liabilities 6.5B 5.9B 5.9B 5.7B 5.6B 5.6B --
Non Current Deferred Revenue 374.0M 377.0M 374.0M 369.0M 350.0M 341.0M --
Non Current Deferred Taxes Assets 178.0M 241.0M 138.0M 152.0M 136.0M 126.0M --
Non Current Deferred Taxes Liabilities 6.1B 5.5B 5.5B 5.3B 5.2B 5.3B --
Non Current Pension And Other Postretirement Benefit Plans 1.2B 1.2B 1.2B 1.2B 1.2B 1.2B --
Other Current Borrowings 2.6B -- -- -- 4.3B -- --
Other Payable 740.0M -- -- -- 700.0M -- --
Other Properties 79.3B -- -- -- 76.2B -- --
Other Receivables 900.0M 503.0M 485.0M 495.0M 853.0M 412.0M --
Preferred Shares Number 131.8M -- -- -- 141.6M -- --
Preferred Stock 3.3B 3.3B 3.4B 3.5B 3.5B 3.6B --
Preferred Stock Equity 3.3B 3.3B 3.4B 3.5B 3.5B 3.6B --
Properties 11.1B -- -- -- 10.2B -- --
Receivables Adjustments Allowances -158.0M -- -- -- -191.0M -- --
Taxes Receivable 358.0M -- -- -- 119.0M -- --
Total Tax Payable 685.0M 721.0M 229.0M 137.0M 188.0M 49.0M --
Line Item Q4 2025Dec 31, 2025 Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024 Q2 2024Jun 30, 2024
Operating Cash Flow 1.6B 1.9B 1.9B 1.6B 1.9B 1.8B --
Cash Flow From Continuing Operating Activities 1.6B 1.9B 1.9B 1.6B 1.9B 1.8B --
Depreciation And Amortization 1.4B 1.3B 1.3B 1.3B 1.2B 1.3B --
Depreciation Amortization Depletion 1.4B 1.3B 1.3B 1.3B 1.2B 1.3B --
Deferred Tax 201.0M 495.0M 240.0M 257.0M 175.0M 5.0M --
Deferred Income Tax 201.0M 495.0M 240.0M 257.0M 175.0M 5.0M --
Change In Working Capital -62.0M 112.0M -138.0M -569.0M 76.0M -134.0M --
Change In Receivables -- -- -- -- -- 36.0M 78.0M
Change In Other Working Capital -- -- -- -569.0M 275.0M -170.0M -3.0M
Other Non Cash Items 448.0M 385.0M 237.0M 523.0M 446.0M 296.0M --
Capital Expenditure -1.3B -894.0M -763.0M -729.0M -963.0M -967.0M --
Purchase Of Business -25.0M -4.9B -24.0M -- -34.0M -73.0M -435.0M
Sale Of Business 64.0M 0.00 36.0M 1.0M 0.00 0.00 --
Sale Of Investment -2.0M 4.7B -- 400.0M -- -- --
Net Investment Purchase And Sale -85.0M 4.7B 0.00 400.0M 350.0M 10.0M --
Investing Cash Flow -1.3B -1.2B -750.0M -339.0M -604.0M -1.0B --
Cash Flow From Continuing Investing Activities -1.3B -1.2B -750.0M -339.0M -604.0M -1.0B --
Issuance Of Debt 608.0M 3.0B 723.0M 4.4B -2.1B 773.0M --
Repayment Of Debt -418.0M -3.1B -1.7B -5.4B -322.0M -343.0M --
Net Issuance Payments Of Debt 190.0M -69.0M -1.0B -950.0M -507.0M 430.0M --
Issuance Of Capital Stock -- -- -- -- 0.00 0.00 0.00
Repurchase Of Capital Stock -39.0M -67.0M -39.0M -37.0M -16.0M 0.00 --
Net Common Stock Issuance -- -- -- -- 0.00 0.00 0.00
Common Stock Dividend Paid -408.0M -408.0M -608.0M -602.0M -910.0M -910.0M --
Financing Cash Flow -404.0M -751.0M -1.7B -1.8B -1.6B -582.0M --
Cash Flow From Continuing Financing Activities -404.0M -751.0M -1.7B -1.8B -1.6B -582.0M --
Effect Of Exchange Rate Changes -1.0M 2.0M -- -- -- -- --
Changes In Cash -144.0M -47.0M -542.0M -520.0M -288.0M 212.0M --
Beginning Cash Position 465.0M 510.0M 1.1B 1.6B 1.9B 1.6B --
End Cash Position 320.0M 465.0M 510.0M 1.1B 1.6B 1.9B --
Free Cash Flow 244.0M 1.0B 1.2B 842.0M 914.0M 875.0M --
Amortization Cash Flow 368.0M 340.0M 338.0M 331.0M 317.0M 325.0M --
Amortization Of Intangibles 368.0M 340.0M 338.0M 331.0M 317.0M 325.0M --
Asset Impairment Charge 40.0M 970.0M 8.0M 9.0M 4.0M 2.1B --
Capital Expenditure Reported -1.3B -891.0M -763.0M -729.0M -963.0M -954.0M --
Cash Dividends Paid -454.0M -436.0M -646.0M -641.0M -963.0M -953.0M --
Common Stock Issuance -- -- -- -- 0.00 0.00 0.00
Depreciation 1.0B 969.0M 949.0M 941.0M 933.0M 934.0M --
Earnings Losses From Equity Investments 0.00 0.00 0.00 -- 0.00 154.0M 93.0M
Gain Loss On Investment Securities -52.0M -5.2B 8.0M 2.0M 1.0M -66.0M --
Interest Paid Cfo -319.0M -620.0M -308.0M -561.0M -392.0M -532.0M --
Long Term Debt Issuance 156.0M 3.0B 723.0M 4.4B -2.1B 773.0M --
Long Term Debt Payments -418.0M -3.1B -1.7B -5.4B -322.0M -343.0M --
Net Business Purchase And Sale 39.0M -4.9B 12.0M 1.0M -34.0M -73.0M --
Net Income From Continuing Operations 632.0M 4.6B 644.0M 683.0M 505.0M -1.2B --
Net Intangibles Purchase And Sale 0.00 -3.0M 0.00 0.00 0.00 -13.0M --
Net Long Term Debt Issuance -262.0M -69.0M -1.0B -950.0M -2.5B 430.0M --
Net Other Financing Charges -14.0M -146.0M -20.0M -60.0M -26.0M -17.0M --
Net Other Investing Changes 62.0M -145.0M 1.0M -11.0M 43.0M -18.0M --
Net Preferred Stock Issuance -39.0M -67.0M -39.0M -37.0M -16.0M 0.00 --
Operating Gains Losses -277.0M -5.2B 27.0M 31.0M 34.0M 122.0M --
Pension And Employee Benefit Expense 24.0M 24.0M 19.0M 29.0M 33.0M 34.0M --
Preferred Stock Dividend Paid -46.0M -28.0M -38.0M -39.0M -53.0M -43.0M --
Preferred Stock Payments -39.0M -67.0M -39.0M -37.0M -16.0M 0.00 --
Proceeds From Stock Option Exercised -87.0M -33.0M -32.0M -64.0M -49.0M -42.0M --
Taxes Refund Paid -472.0M -141.0M -50.0M -74.0M -221.0M -96.0M --
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