Financial reports

BCE's 2nd quarter results

($ millions, except per share amounts)

BCE Financial Highlights Q2 2021 Q2 2020 $ change % change
Operating revenues
$5,698 $5,354 $344 6.4%
Adjusted EBITDA (1) (5)Operating revenues less operating costs
$2,476 $2,331 $145 6.2%
Adjusted EBITDA margin (2) (5)Adjusted EBITDA divided by operating revenues.
43.5% 43.5%
Net earnings
$734 $294
Statutory EPS
$0.76 $0.26
Adjusted EPS (3) (5)Net earnings attributable to common shareholders before severance, acquisition and other costs, net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans, net losses (gains) on investments, early debt redemption costs, impairment of assets and discontinued operations, net of tax and non-controlling interest (NCI), per BCE common share.
$0.83 $0.63
Cash flows from operating activities Net earnings attributable to common shareholders before severance, acquisition and other costs, net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans, net losses (gains) on investments, early debt redemption costs, impairment of assets and discontinued operations, net of tax and non-controlling interest (NCI), per BCE common share.
$2,499 $2,562
Free Cash Flow (4) (5)Cash flows from operating activities, excluding cash from discontinued operations, acquisition and other costs paid (which include significant litigation costs) and voluntary pension funding, less capital expenditures, preferred share dividends and dividends paid by subsidiaries to NCI.
$1,248 $1,611 ($363) (22.5%)