Financial History

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Financial History

(In millions of dollars, except per share amounts, subscriber count results, churn, ARPA, ARPU, percentages, and ratios) As at or years ended December 31
2020 2019 2018 2017 1 2016 2
Revenue
Wireless 2020: 8,530 2019: 9,250 2018: 9,200 2017: 8,569 2016: 7,916
Cable 2020: 3,946 2019: 3,954 2018: 3,932 2017: 3,894 2016: 3,871
Media 2020: 1,606 2019: 2,072 2018: 2,168 2017: 2,153 2016: 2,146
Corporate items and intercompany eliminations 2020: (166) 2019: (203) 2018: (204) 2017: (247) 2016: (231)
Total revenue 2020: 13,916 2019: 15,073 2018: 15,096 2017: 14,369 2016: 13,702
Total service revenue 4 2020: 11,955 2019: 12,965 2018: 12,974 2017: 12,550 2016: 13,027
Adjusted EBITDA 5
Wireless 2020: 4,067 2019: 4,345 2018: 4,090 2017: 3,726 2016: 3,262
Cable 2020: 1,935 2019: 1,919 2018: 1,874 2017: 1,819 2016: 1,773
Media 2020: 51 2019: 140 2018: 196 2017: 127 2016: 159
Corporate items and intercompany eliminations 2020: (196) 2019: (192) 2018: (177) 2017: (170) 2016: (163)
Total adjusted EBITDA 2020: 5,857 2019: 6,212 2018: 5,983 2017: 5,502 2016: 5,031
Net income 2020: 1,592 2019: 2,043 2018: 2,059 2017: 1,845 2016: 835
Adjusted net income 5 2020: 1,725 2019: 2,135 2018: 2,241 2017: 1,902 2016: 1,432
Cash provided by operating activities 2020: 4,321 2019: 4,526 2018: 4,288 2017: 3,938 2016: 3,957
Free cash flow 5 2020: 2,366 2019: 2,278 2018: 2,134 2017: 1,685 2016: 1,705
Capital expenditures 2020: 2,312 2019: 2,807 2018: 2,790 2017: 2,436 2016: 2,352
Earnings per share
Basic 2020: $3.15 2019: $3.99 2018: $4.00 2017: $3.58 2016: $1.62
Diluted 2020: $3.13 2019: $3.97 2018: $3.99 2017: $3.57 2016: $1.62
Adjusted earnings per share 5
Basic 2020: $3.42 2019: $4.17 2018: $4.35 2017: $3.69 2016: $2.78
Diluted 2020: $3.40 2019: $4.15 2018: $4.34 2017: $3.68 2016: $2.77
Statements of Financial Position:
Assets
Property, plant and equipment 2020: 14,018 2019: 13,934 2018: 11,780 2017: 11,143 2016: 10,749
Goodwill 2020: 3,973 2019: 3,923 2018: 3,905 2017: 3,905 2016: 3,905
Intangible assets 2020: 8,926 2019: 8,905 2018: 7,205 2017: 7,244 2016: 7,130
Investments 2020: 2,536 2019: 2,830 2018: 2,134 2017: 2,561 2016: 2,174
Other assets 2020: 9,401 2019: 7,427 2018: 6,894 2017: 5,637 2016: 4,384
Total assets 2020: 38,854 2019: 37,019 2018: 31,918 2017: 30,490 2016: 28,342
Liabilities and Shareholders' Equity
Long-term liabilities 2020: 22,695 2019: 21,639 2018: 16,903 2017: 16,111 2016: 17,960
Current liabilities 2020: 6,586 2019: 5,964 2018: 6,836 2017: 6,883 2016: 5,113
Total liabilities 2020: 29,281 2019: 27,603 2018: 23,739 2017: 22,994 2016: 23,073
Shareholders' equity 2020: 9,573 2019: 9,416 2018: 8,179 2017: 7,496 2016: 5,269
Total liabilities and shareholders' equity 2020: 38,854 2019: 37,019 2018: 31,918 2017: 30,490 2016: 28,342
Subscriber count results (000s) 4
Wireless subscribers 6 2020: 10,943 2019: 10,840 2018: 10,783 2017: 10,482 2016: 10,274
Internet subscribers 8,9 2020: 2,598 2019: 2,534 2018: 2,430 2017: 2,321 2016: 2,145
Ignite TV subscribers 10 2020: 544 2019: 326 2018: 2017: 2016:
Customer Relationships 8,9,10 2020: 2,530 2019: 2510 2018: 2017: 2016:
Additional Wireless metrics 4
Postpaid churn (monthly) 2020: 1.00% 2019: 1.11% 2018: 1.10% 2017: 1.2% 2016: 1.23%
Blended ABPU (monthly) 7 2020: $63.24 2019: $66.23 2018: $64.74 2017: $62.31 2016:
Blended ARPU (monthly) 2020: $50.75 2019: $55.49 2018: $55.64 2017: $54.23 2016: $60.42
Additional Cable metrics
ARPA (monthly) 10 2020: $130.70 2019: $131.71 2018: 2017: 2016:
Penetration 10 2020: 55.3% 2019: 56.1% 2018: 2017: 2016:
Additional consolidated metrics
Revenue growth 2020: (8%) 2019: -% 2018: 5% 2017: 5% 2016: 2%
Adjusted EBITDA growth 2020: (6%) 2019: 4% 2018: 9% 2017: 9% 2016: 1%
Dividends declared per share 2020: $2.00 2019: $2.00 2018: $1.92 2017: $1.92 2016: $1.92
Dividend payout ratio of net income 4 2020: 63.4% 2019: 50.0% 2018: 48.0% 2017: 53.6% 2016: 118.3%
Dividend payout ratio of free cash flow 4,5 2020: 42.7% 2019: 44.9% 2018: 55.8% 2017: 58.6% 2016: 57.9%
Return on assets 4 2020: 4.1% 2019: 5.5% 2018: 6.5% 2017: 6.1% 2016: 2.9%
Debt leverage ratio 5 2020: 3.0 2019: 2.9 2018: 2.5 2017: 2.7 2016: 3.0