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
2017 2016 2015 2014 2013
Revenue
Wireless 2017: 8,343 2016: 7,916 2015: 7,651 2014: 7,305 2013: 7,270
Cable 2017: 3,466 2016: 3,449 2015: 3,465 2014: 3,467 2013: 3,475
Business Solutions 2017: 387 2016: 384 2015: 377 2014: 382 2013: 374
Media 2017: 2,153 2016: 2,146 2015: 2,079 2014: 1,826 2013: 1,704
Corporate items and intercompany eliminations 2017: (206) 2016: (193) 2015: (158) 2014: (130) 2013: (117)
Total revenue 2017: 14,143 2016: 13,702 2015: 13,414 2014: 12,850 2013: 12,706
Total service revenue 1,2 2017: 13,560 2016: 13,027 2015: 12,649 2014: 2013:
Adjusted operating profit 3
Wireless 2017: 3,561 2016: 3,285 2015: 3,239 2014: 3,246 2013: 3,157
Cable 2017: 1,709 2016: 1,674 2015: 1,658 2014: 1,665 2013: 1,718
Business Solutions 2017: 128 2016: 123 2015: 116 2014: 122 2013: 106
Media 2017: 139 2016: 169 2015: 172 2014: 131 2013: 161
Corporate items and intercompany eliminations 2017: (158) 2016: (159) 2015: (153) 2014: (145) 2013: (149)
Total adjusted operating profit 2017: 5,379 2016: 5,092 2015: 5,032 2014: 5,019 2013: 4,993
Net income 2017: 1,711 2016: 835 2015: 1,342 2014: 1,341 2013: 1,669
Adjusted net income 3 2017: 1,821 2016: 1,481 2015: 1,479 2014: 1,532 2013: 1,769
Cash provided by operating activities 2017: 3,938 2016: 3,957 2015: 3,747 2014: 3,698 2013: 3,990
Free cash flow 3 2017: 1,685 2016: 1,705 2015: 1,676 2014: 1,437 2013: 1,548
Additions to property, plant and equipment, net 2017: 2,436 2016: 2,352 2015: 2,440 2014: 2,366 2013: 2,240
Earnings per share
Basic 2017: $3.32 2016: $1.62 2015: $2.61 2014: $2.60 2013: $3.24
Diluted 2017: $3.51 2016: $1.62 2015: $2.60 2014: $2.56 2013: $3.22
Statements of Financial Position:
Assets
Property, plant and equipment 2017: 11,143 2016: 10,749 2015: 10,997 2014: 10,655 2013: 10,255
Goodwill 2017: 3,905 2016: 3,905 2015: 3,905 2014: 3,897 2013: 3,765
Intangible assets 2017: 7,244 2016: 7,130 2015: 7,243 2014: 6,588 2013: 3,211
Investments 2017: 2,561 2016: 2,174 2015: 2,271 2014: 1,898 2013: 1,487
Other assets 2017: 4,010 2016: 4,384 2015: 4,773 2014: 3,498 2013: 4,897
Total assets 2017: 28,863 2016: 28,342 2015: 29,189 2014: 26,536 2013: 23,615
Liabilities and Shareholders' Equity
Long-term liabilities 2017: 15,693 2016: 17,960 2015: 18,536 2014: 16,205 2013: 14,410
Current liabilities 2017: 6,823 2016: 5,113 2015: 5,017 2014: 4,920 2013: 4,606
Total liabilities 2017: 22,516 2016: 23,073 2015: 23,553 2014: 21,125 2013: 19,016
Shareholders' equity 2017: 6.347 2016: 5,269 2015: 5,636 2014: 5,411 2013: 4,599
Total liabilities and shareholders' equity 2017: 28,863 2016: 28,342 2015: 29,189 2014: 26,536 2013: 23,615
Subscriber count results (000s) 1
Wireless subscribers 2017: 10,482 2016: 10,274 2015: 9,877 2014: 9,450 2013: 9,503
Internet subscribers 2017: 2,230 2016: 2,145 2015: 2,048 2014: 2,011 2013: 1,961
Television subscribers 2017: 1,740 2016: 1,820 2015: 1,896 2014: 2,024 2013: 2,127
Phone subscribers 2017: 1,108 2016: 1,094 2015: 1,090 2014: 1,150 2013: 1,153
Additional Wireless metrics 1
Postpaid churn (monthly) 2017: 1.20% 2016: 1.23% 2015: 1.27% 2014: 1.27% 2013: 1.24%
Postpaid ARPA (monthly) 4 2017: $124.15 2016: $117.37 2015: $110.74 2014: $106.41 2013:
Blended ARPU (monthly) 2017: $62.31 2016: $60.42 2015: $59.71 2014: $59.41 2013: $59.58
Additional consolidated metrics
Revenue growth 2017: 3% 2016: 2% 2015: 4% 2014: 1% 2013: 2%
Adjusted operating profit growth 2017: 6% 2016: 1% 2015: 0% 2014: 1% 2013: 3%
Dividends declared per share 2017: $1.92 2016: $1.92 2015: $1.92 2014: $1.83 2013: $1.74
Dividend payout ratio of net income 1 2017: 58% 2016: 118% 2015: 74% 2014: 70% 2013: 54%
Dividend payout ratio of free cash flow 1,3 2017: 57% 2016: 58% 2015: 59% 2014: 66% 2013: 58%
Return on assets 1 2017: 5.9% 2016: 2.9% 2015: 4.6% 2014: 5.1% 2013: 7.1%
Debt leverage ratio 3 2017: 2.8 2016: 3.0 2015: 3.1 2014: 2.9 2013: 2.3