BCE's 4th quarter results
|($ millions, except per share amounts)||Q4 2014||Q4 2013||$ change||% change|
|BCE Financial Highlights|
|Adjusted EBITDA margin||36.6%
|Net earnings attributable to common shareholders||$542
|Free Cash Flow(2)||$833||$674||$159||23.6%|
|Bell Financial Highlights|
|Adjusted EBITDA margin||35.0%
(1) Net earnings attributable to common shareholders before severance, acquisition and other costs, net (gains) losses on investments and early debt redemption costs per BCE common share.
(2) Free cash flow is before BCE common share dividends and voluntary pension contributions. As of November 1, 2014, BCE’s free cash flow includes 100% of Bell Aliant’s free cash flow rather than cash dividends received from Bell Aliant. We define free cash flow as cash flows from operating activities, excluding acquisition costs paid and voluntary pension funding, less capital expenditures, preferred share dividends and dividends paid by subsidiaries to NCI.
NA : Not applicable
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|March 6, 2015, 9:04 AM ET|
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