Bezeq Facts & Figures Q3 2020 - After Restatement | |
Three and nine months ending September 30, 2020 | |
Index of contents | |
- | Financials (Group, Fixed-Line and Key Subsidiaries) |
- | Fixed-Line Cash Flow Guidance |
- | Key Performance Indicators (KPIs) |
- | Debt Terms and Repayments |
- | Glossary |
- | Dividends |
For further information: | |
Bezeq Investor Relations | |
Phone +9722 539 5441 | |
ir@bezeq.co.il | |
https://ir.bezeq.co.il | |
The data in this metrics file contains partial information from the public reports of Bezeq under the Israeli Securities Law for which the Hebrew reports can be accessed at the Israeli Securities Authority's website. The metrics file is a not a substitute for a review of the detailed reports of Bezeq. |
FY | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2017 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Group | ||||||||||
Key Income Statement Metrics | ||||||||||
Revenues | 9,789 | 9,321 | 2,256 | 2,224 | 2,247 | 2,202 | 8,929 | 2,187 | 2,155 | 2,178 |
QoQ Change | -1.4% | 1.0% | -2.0% | -0.7% | -1.5% | 1.1% | ||||
YoY Change | -4.8% | -4.2% | -3.1% | -3.1% | -3.1% | |||||
Depreciation, amortization & impairment | 1,715 | 2,189 | 466 | 478 | 481 | 487 | 1,912 | 451 | 459 | 464 |
QoQ Change | 2.6% | 0.6% | 1.2% | -7.4% | 1.8% | 1.1% | ||||
YoY Change | 27.6% | -12.7% | -3.2% | -4.0% | -3.5% | |||||
Salaries | 2,005 | 1,992 | 492 | 489 | 474 | 478 | 1,933 | 479 | 444 | 474 |
QoQ Change | -0.6% | -3.1% | 0.8% | 0.2% | -7.3% | 6.8% | ||||
YoY Change | -0.6% | -3.0% | -2.6% | -9.2% | 0.0% | |||||
Other operating expenses (income), net | (19) | 634 | (25) | (414) | 39 | 179 | (221) | (3) | (19) | (7) |
Loss from impairment of assets | 87 | 1,675 | - 0 | 951 | - 0 | 196 | 1,147 | - 0 | - 0 | 268 |
Operating profit (loss) | 2,098 | (582) | 504 | (102) | 440 | 8 | 850 | 459 | 511 | 189 |
QoQ Change | N/M | N/M | -98.2% | 5637.5% | 11.3% | -63.0% | ||||
YoY Change | N/M | N/M | -8.9% | N/M | -57.0% | |||||
Finance expenses (income), net | 417 | 435 | 99 | 136 | 205 | 109 | 549 | 34 | 159 | 80 |
QoQ Change | 37.4% | 50.7% | -46.8% | -68.8% | 367.6% | -49.7% | ||||
YoY Change | 4.3% | 26.2% | -65.7% | 16.9% | -61.0% | |||||
Income taxes | 453 | 72 | 110 | 1,340 | 56 | (13) | 1,493 | 98 | 83 | 83 |
QoQ Change | 1118.2% | -95.8% | -123.2% | -853.8% | -15.3% | 0.0% | ||||
YoY Change | -84.1% | 1973.6% | -10.9% | -93.8% | 48.2% | |||||
Net profit (loss) - reported | 1,223 | (1,092) | 295 | (1,579) | 177 | (87) | (1,194) | 327 | 269 | 26 |
QoQ Change | N/M | N/M | N/M | 32700.0% | -17.7% | -90.3% | ||||
YoY Change | N/M | 9.3% | 10.8% | N/M | -85.3% | |||||
ADJUSTED NET PROFIT | 1,296 | 961 | 286 | 217 | 207 | 203 | 913 | 325 | 252 | 289 |
EBITDA, reported | 3,813 | 1,607 | 970 | 376 | 921 | 495 | 2,762 | 910 | 970 | 653 |
QoQ Change | -61.2% | 144.9% | -46.3% | 83.8% | 6.6% | -32.7% | ||||
YoY Change | -57.9% | 71.9% | -6.2% | 158.0% | -29.1% | |||||
ADJUSTED EBITDA | 3,881 | 3,916 | 945 | 913 | 960 | 870 | 3,688 | 907 | 951 | 914 |
QoQ Change | -3.4% | 5.1% | -9.4% | 4.3% | 4.9% | -3.9% | ||||
YoY Change | 0.9% | -5.8% | -4.0% | 4.2% | -4.8% | |||||
Earnings Per Share - Diluted (NIS) | 0.45 | (0.39) | 0.11 | (0.57) | 0.06 | (0.03) | (0.43) | 0.12 | 0.10 | 0.01 |
Shares Outstanding - Diluted | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 | 2,765 |
Operating & General Expenses | ||||||||||
Total operating & general expenses | 3,903 | 3,413 | 819 | 822 | 813 | 854 | 3,308 | 801 | 760 | 790 |
QoQ Change | 0.4% | -1.1% | 5.0% | -6.2% | -5.1% | 3.9% | ||||
YoY Change | -12.6% | -3.1% | -2.2% | -7.5% | -2.8% | |||||
Terminal equipment & materials | 867 | 771 | 191 | 181 | 202 | 232 | 806 | 188 | 176 | 189 |
QoQ Change | -5.2% | 11.6% | 14.9% | -19.0% | -6.4% | 7.4% | ||||
YoY Change | -11.1% | 4.5% | -1.6% | -2.8% | -6.4% | |||||
Interconnect & payments to telecom operators | 805 | 789 | 189 | 194 | 193 | 181 | 757 | 185 | 201 | 199 |
QoQ Change | 2.6% | -0.5% | -6.2% | 2.2% | 8.6% | -1.0% | ||||
YoY Change | -2.0% | -4.1% | -2.1% | 3.6% | 3.1% | |||||
Maintenance of buildings and sites | 584 | 286 | 68 | 65 | 70 | 68 | 271 | 65 | 46 | 68 |
QoQ Change | -4.4% | 7.7% | -2.9% | -4.4% | -29.2% | 47.8% | ||||
YoY Change | -51.0% | -5.2% | -4.4% | -29.2% | -2.9% | |||||
Marketing & general | 595 | 555 | 123 | 118 | 120 | 128 | 489 | 117 | 114 | 117 |
QoQ Change | -4.1% | 1.7% | 6.7% | -8.6% | -2.6% | 2.6% | ||||
YoY Change | -6.7% | -11.9% | -4.9% | -3.4% | -2.5% | |||||
Services and maintenance by sub-contractors | 260 | 277 | 70 | 68 | 63 | 69 | 270 | 68 | 71 | 68 |
QoQ Change | -2.9% | -7.4% | 9.5% | -1.4% | 4.4% | -4.2% | ||||
YoY Change | 6.5% | -2.5% | -2.9% | 4.4% | 7.9% | |||||
Vehicle maintenance | 156 | 82 | 18 | 20 | 16 | 17 | 71 | 14 | 9 | 14 |
QoQ Change | 11.1% | -20.0% | 6.3% | -17.6% | -35.7% | 55.6% | ||||
YoY Change | -47.4% | -13.4% | -22.2% | -55.0% | -12.5% | |||||
Content | 636 | 653 | 160 | 176 | 149 | 159 | 644 | 164 | 143 | 135 |
QoQ Change | 10.0% | -15.3% | 6.7% | 3.1% | -12.8% | -5.6% | ||||
YoY Change | 2.7% | -1.4% | 2.5% | -18.8% | -9.4% | |||||
Ratios | ||||||||||
Net margin | 12.5% | -11.7% | 13.1% | -71.0% | 7.9% | -4.0% | -13.4% | 15.0% | 12.5% | 1.2% |
EBITDA margin | 39.0% | 17.2% | 43.0% | 16.9% | 41.0% | 22.5% | 30.9% | 41.6% | 45.0% | 30.0% |
Capex/Sales | 15.6% | 18.5% | 16.5% | 23.6% | 14.6% | 14.7% | 17.4% | 15.5% | 16.3% | 20.3% |
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&12Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Key financial metrics
&P of &N Group financial metrics
FY | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2017 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Group | ||||||||||
Key Cash Flow Metrics | ||||||||||
Operating cash flow | 3,525 | 3,512 | 765 | 624 | 787 | 748 | 2,924 | 879 | 561 | 830 |
QoQ Change | -18.4% | 26.1% | -5.0% | 17.5% | -36.2% | 48.0% | ||||
YoY Change | -0.4% | -16.7% | 14.9% | -10.1% | 5.5% | |||||
Capital expenditures, gross (cash flow) | 1,530 | 1,727 | 373 | 525 | 329 | 324 | 1,551 | 338 | 351 | 442 |
QoQ Change | 40.8% | -37.3% | -1.5% | 4.3% | 3.8% | 25.9% | ||||
YoY Change | 12.9% | -10.2% | -9.4% | -33.1% | 34.3% | |||||
Proceeds from sale of assets | 98 | 235 | 41 | 341 | 15 | 12 | 409 | 8 | 20 | 3 |
QoQ Change | 731.7% | -95.6% | -20.0% | -33.3% | 150.0% | -85.0% | ||||
YoY Change | 139.8% | 74.0% | -80.5% | -94.1% | -80.0% | |||||
Capital expenditures, net | 1,432 | 1,492 | 332 | 184 | 314 | 312 | 1,142 | 330 | 331 | 439 |
QoQ Change | -44.6% | 70.7% | -0.6% | 5.8% | 0.3% | 32.6% | ||||
YoY Change | 4.2% | -23.5% | -0.6% | 79.9% | 39.8% | |||||
Lease payments (IFRS 16) | 422 | 117 | 90 | 115 | 92 | 414 | 113 | 86 | 106 | |
Free cash flow | 2,093 | 1,598 | 316 | 350 | 358 | 344 | 1,368 | 436 | 144 | 285 |
QoQ Change | 10.8% | 2.3% | -3.9% | 26.7% | -67.0% | 97.9% | ||||
YoY Change | -23.7% | -14.4% | 38.0% | -58.9% | -20.4% | |||||
Working Capital | ||||||||||
Change in trade & other receivables | 206 | 269 | (18) | 45 | 20 | 56 | 103 | (44) | - 0 | 26 |
Change in inventory | (35) | (5) | (9) | - 0 | 4 | (14) | (19) | (17) | (3) | 10 |
Change in trade & other payables | 9 | (132) | 6 | (176) | 50 | 43 | (77) | 98 | (223) | 34 |
Change in provisions | 15 | 81 | (30) | 3 | (5) | (17) | (49) | - 0 | (3) | (8) |
Change in employee benefits | (33) | 489 | (46) | (52) | (58) | 106 | (50) | (88) | (78) | (66) |
Change in other liabilities | (34) | - 0 | (12) | 6 | (11) | 9 | (8) | (7) | - 0 | (5) |
Total changes in assets and liabilities | 128 | 702 | (109) | (174) | 0 | 183 | (100) | (58) | (307) | (9) |
Income tax paid, net | 446 | 467 | 49 | 104 | 89 | 83 | 325 | - 0 | 86 | 78 |
Interest paid | 415 | 421 | 5 | 185 | 21 | 181 | 392 | 5 | 154 | 5 |
Funds From Operations (FFO) | 3,397 | 2,810 | 757 | 708 | 672 | 887 | 3,024 | 824 | 782 | 733 |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Group financial metrics
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Group | |||||||||
Balance Sheet | |||||||||
Cash & cash equivalents | 890 | 1,265 | 971 | 639 | 400 | 400 | 927 | 708 | 897 |
Investments | 1,404 | 1,347 | 1,944 | 1,750 | 1,195 | 1,195 | 1,114 | 1,221 | 1,306 |
Trade receivables | 1,775 | 1,752 | 1,737 | 1,727 | 1,677 | 1,677 | 1,674 | 1,698 | 1,692 |
Other receivables | 284 | 298 | 308 | 341 | 342 | 342 | 357 | 340 | 332 |
Eurocom DBS Ltd., related party | - | - | - | - | - | - | - | - | - |
Inventory | 97 | 102 | 100 | 94 | 96 | 96 | 109 | 110 | 96 |
Assets held for sale | - | - | - | - | 43 | 43 | 45 | 46 | 46 |
Total current assets | 4,450 | 4,764 | 5,060 | 4,551 | 3,753 | 3,753 | 4,226 | 4,123 | 4,369 |
Trade and other receivables | 470 | 511 | 535 | 442 | 477 | 477 | 476 | 454 | 525 |
Broadcasting rights | 60 | 69 | 59 | 63 | 59 | 59 | 65 | 65 | 67 |
Right-of-use assets | 1,504 | 1,444 | 1,394 | 1,361 | 1,308 | 1,308 | 1,394 | 1,329 | 1,276 |
Fixed assets | 6,214 | 6,215 | 6,245 | 6,217 | 6,039 | 6,039 | 6,072 | 6,076 | 6,069 |
Intangible assets | 1,919 | 1,923 | 977 | 968 | 916 | 916 | 916 | 935 | 952 |
Deferred tax assets | 1,205 | 1,193 | 12 | 18 | 81 | 81 | 61 | 57 | 53 |
Deferred expenses and non-current investments | 468 | 472 | 474 | 477 | 358 | 358 | 364 | 361 | 233 |
Investment property | 58 | 58 | - | - | - | - | - | - | - |
Total non-current assets | 11,898 | 11,885 | 9,696 | 9,546 | 9,238 | 9,238 | 9,348 | 9,277 | 9,175 |
Total assets | 16,348 | 16,649 | 14,756 | 14,097 | 12,991 | 12,991 | 13,574 | 13,400 | 13,544 |
Debentures, loans and borrowings | 1,542 | 1,538 | 1,625 | 1,126 | 1,007 | 1,007 | 1,002 | 955 | 957 |
Lease liability | 445 | 422 | 434 | 427 | 416 | 416 | 415 | 399 | 387 |
Trade and other payables | 1,855 | 2,010 | 1,600 | 1,681 | 1,614 | 1,614 | 1,834 | 1,580 | 1,669 |
Current tax liabilities | - | 10 | 20 | 15 | - | - | 51 | 46 | 46 |
Liability to Eurocom DBS Ltd. | - | - | - | - | - | - | - 0 | - | - |
Employee benefits | 581 | 500 | 443 | 365 | 654 | 654 | 587 | 486 | 441 |
Provisions | 175 | 145 | 148 | 143 | 125 | 125 | 125 | 122 | 113 |
Dividend payable | - | - | - | - | - | - | - 0 | - | - |
Total current liabilities | 4,598 | 4,625 | 4,270 | 3,757 | 3,816 | 3,816 | 4,014 | 3,588 | 3,613 |
Loans and debentures | 9,637 | 9,618 | 9,709 | 9,393 | 8,551 | 8,551 | 8,535 | 8,517 | 8,507 |
Lease liability | 1,106 | 1,061 | 1,022 | 989 | 969 | 969 | 1,049 | 1,017 | 971 |
Employee benefits | 445 | 482 | 487 | 539 | 356 | 356 | 314 | 344 | 334 |
Derivative and other liabilities | 174 | 168 | 163 | 178 | 139 | 139 | 163 | 176 | 342 |
Deferred tax liabilities | 56 | 54 | 53 | 50 | 43 | 43 | 46 | 46 | 48 |
Provisions | 38 | 39 | 39 | 39 | 49 | 49 | 50 | 50 | 54 |
Total non-current liabilities | 11,456 | 11,422 | 11,473 | 11,188 | 10,107 | 10,107 | 10,157 | 10,150 | 10,256 |
Total equity | 294 | 602 | (987) | (848) | (932) | (932) | (597) | (338) | (325) |
Gross debt | 11,179 | 11,156 | 11,334 | 10,519 | 9,558 | 9,558 | 9,537 | 9,472 | 9,464 |
Cash and short-term investments | 2,294 | 2,612 | 2,915 | 2,389 | 1,595 | 1,595 | 2,041 | 1,929 | 2,203 |
Net debt | 8,885 | 8,544 | 8,419 | 8,130 | 7,963 | 7,963 | 7,496 | 7,543 | 7,261 |
Net debt / Adjusted EBITDA (ttm) | 2.5 | 2.4 | 2.4 | 2.3 | 2.3 | 2.2 |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Group financial metrics
FY | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2017 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Group | ||||||||||
Adjusted EBITDA Calculation | ||||||||||
EBITDA reported | 3,813 | 1,607 | 970 | 376 | 921 | 495 | 2,762 | 910 | 970 | 653 |
Other operating expenses (income), net | (19) | 634 | (25) | (414) | 39 | 179 | (221) | (3) | (19) | (7) |
Loss from impairment of assets | 87 | 1,675 | - 0 | 951 | - 0 | 196 | 1,147 | - 0 | - 0 | 268 |
ADJUSTED EBITDA | 3,881 | 3,916 | 945 | 913 | 960 | 870 | 3,688 | 907 | 951 | 914 |
Adjusted Net Profit Calculation | ||||||||||
NET PROFIT reported | 1,223 | (1,092) | 295 | (1,579) | 177 | (87) | (1,194) | 327 | 269 | 26 |
Other operating expenses (income), after tax | (14) | 492 | (9) | (321) | 30 | 139 | (161) | (2) | (17) | (5) |
Loss from impairment of assets (yes and Walla) | 87 | 1,561 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
Loss from impairment of Pelephone assets | - 0 | - 0 | - 0 | 951 | - 0 | - 0 | 951 | - 0 | - 0 | - 0 |
Loss from impairment of Bezeq International assets | - 0 | - 0 | - 0 | - 0 | - 0 | 151 | 151 | - 0 | - 0 | 282 |
Profit from increase in value of Walla assets | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | (14) |
Tax asset write-off | - 0 | - 0 | - 0 | 1,166 | - 0 | - 0 | 1,166 | - 0 | - 0 | - 0 |
ADJUSTED NET PROFIT | 1,296 | 961 | 286 | 217 | 207 | 203 | 913 | 325 | 252 | 289 |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Group financial metrics
2018 | 2018 | ||||||||||||||||||||||||||||||||||
Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
NIS Millions | 2013 | 2013 | 2014 | 2014 | 2014 | 2014 | 2014 | 2015 | 2015 | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Group | |||||||||||||||||||||||||||||||||||
Other Operating Expenses (Income), Net | |||||||||||||||||||||||||||||||||||
Profit from increase to controlling stake in yes | - | - | - | - | - | - | - | (12) | - | - | - | (12) | - | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
Profit from the sale of shares in Coral Tel Ltd. | - | - | - | (582) | - | - | (582) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
Profit from the sale of affiliate | - | - | - | - | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | (14) | (14) | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |||||||||
Profit from the sale of property, plant and equipment (mainly real estate) | (29) | (120) | (12) | (102) | (27) | (26) | (167) | (11) | (148) | (13) | (62) | (234) | (11) | (29) | (22) | (45) | (107) | (6) | (14) | (45) | (1) | (66) | (1) | (5) | (1) | 6 | (1) | (44) | (417) | (11) | (36) | (508) | (9) | 4 | (6) |
Proft from copper sales | (7) | (47) | (5) | (2) | (1) | - | (8) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - | - | - 0 | - 0 | - 0 | - 0 |
Provision (cancellation)-contingent liabilities, net | 2 | - | - | - | (5) | (18) | (23) | 6 | 6 | - | 22 | 34 | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - | - | - | - | - 0 | - 0 | - 0 | - 0 | ||
Provision (cancellation) for early retirement agreement - Bezeq Fixed-Line | 53 | 90 | 8 | 117 | 8 | 43 | 176 | - | 1 | - | 116 | 117 | 1 | 14 | 3 | 78 | 96 | - | 12 | 3 | 8 | 23 | 12 | 81 | 6 | 448 | 547 | (25) | 1 | 3 | 130 | 109 | 5 | (5) | - 0 |
Provision (cancellation) for collective agreements at Pelephone, Bezeq International and yes | 61 | 61 | - | - | - | 18 | 18 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3 | - 0 | 2 | 6 | 4 | 12 | 45 | - | 45 | 77 | 167 | - 0 | (5) | - 0 |
Loss from the discontinuation of a software development project | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
Proceeds from settlement agreements | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | (9) | - 0 | |||||||||||||||||||||
Other (mainly legal claims) | - | - | 1 | 1 | - | (2) | - | - | - | - | - | - | 15 | 3 | (7) | - | 11 | 2 | 1 | 19 | (1) | 21 | 12 | 8 | 1 | 69 | 90 | (1) | 2 | 2 | 8 | 11 | 1 | (4) | (1) |
Total other operating expenses (income), net | 81 | (15) | (8) | (568) | (25) | 15 | (586) | (17) | (141) | (13) | 76 | (95) | 5 | (12) | (26) | 33 | 0 | (4) | (1) | (23) | 6 | (19) | 23 | 86 | 12 | 513 | 634 | (25) | (414) | 39 | 179 | (221) | (3) | (19) | (7) |
-0.11 | |||||||||||||||||||||||||||||||||||
59 | |||||||||||||||||||||||||||||||||||
-260 | |||||||||||||||||||||||||||||||||||
26.40% |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Other expenses (income), net
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq Fixed-Line | |||||||||||||||||||
Key Income Statement Metrics (Revenues) | |||||||||||||||||||
Total Revenues | 4,383 | 1,078 | 1,058 | 1,061 | 1,047 | 4,244 | 1,063 | 1,064 | 1,043 | 1,026 | 4,196 | 1,043 | 1,020 | 1,025 | 985 | 4,073 | 1,018 | 1,044 | 1,042 |
QoQ Change | -1.9% | 0.3% | -1.3% | 1.5% | 0.1% | -2.0% | -1.6% | 1.7% | -2.2% | 0.5% | -3.9% | 3.4% | 2.6% | -0.2% | |||||
YoY Change | -3.2% | -1.4% | 0.6% | -1.7% | -2.0% | -1.1% | -1.9% | -4.1% | -1.7% | -4.0% | -2.9% | -2.4% | 2.4% | 1.7% | |||||
Broadband Internet | 1,500 | 382 | 381 | 386 | 395 | 1,544 | 396 | 403 | 401 | 396 | 1,596 | 397 | 396 | 393 | 392 | 1,578 | 395 | 402 | 408 |
QoQ Change | -0.3% | 1.3% | 2.3% | 0.3% | 1.8% | -0.5% | -1.2% | 0.3% | -0.3% | -0.8% | -0.3% | 0.8% | 1.8% | 1.5% | |||||
YoY Change | 2.9% | 3.7% | 5.8% | 3.9% | 0.3% | 3.4% | 0.3% | -1.7% | -2.0% | -1.0% | -1.1% | -0.5% | 1.5% | 3.8% | |||||
Telephony | 1,392 | 334 | 320 | 318 | 309 | 1,281 | 302 | 291 | 282 | 281 | 1,156 | 269 | 264 | 259 | 247 | 1,039 | 248 | 258 | 254 |
QoQ Change | -4.2% | -0.6% | -2.8% | -2.3% | -3.6% | -3.1% | -0.4% | -4.3% | -1.9% | -1.9% | -4.6% | 0.4% | 4.0% | -1.6% | |||||
YoY Change | -8.0% | -9.6% | -9.1% | -11.3% | -9.1% | -9.8% | -10.9% | -9.3% | -8.2% | -12.1% | -10.1% | -7.8% | -2.3% | -1.9% | |||||
Transmission & data | 1,069 | 250 | 244 | 244 | 237 | 975 | 247 | 244 | 243 | 243 | 977 | 246 | 238 | 245 | 219 | 948 | 244 | 251 | 250 |
QoQ Change | -2.4% | 0.0% | -2.9% | 4.2% | -1.2% | -0.4% | 0.0% | 1.2% | -3.3% | 2.9% | -10.6% | 11.4% | 2.9% | -0.4% | |||||
YoY Change | -8.8% | -1.2% | 0.0% | -0.4% | 2.5% | 0.2% | -0.4% | -2.5% | 0.8% | -9.9% | -3.0% | -0.8% | 5.5% | 2.0% | |||||
Cloud & digital services | 203 | 56 | 57 | 57 | 60 | 230 | 62 | 66 | 69 | 63 | 260 | 71 | 68 | 69 | 66 | 274 | 72 | 70 | 71 |
QoQ Change | 1.8% | 0.0% | 5.3% | 3.3% | 6.5% | 4.5% | -8.7% | 12.7% | -4.2% | 1.5% | -4.3% | 9.1% | -2.8% | 1.4% | |||||
YoY Change | 13.3% | 10.7% | 15.8% | 21.1% | 5.0% | 13.0% | 14.5% | 3.0% | 0.0% | 4.8% | 5.4% | 1.4% | 2.9% | 2.9% | |||||
Other | 219 | 56 | 56 | 56 | 46 | 214 | 56 | 60 | 48 | 43 | 207 | 60 | 54 | 59 | 61 | 234 | 59 | 63 | 59 |
QoQ Change | 0.0% | 0.0% | -17.9% | 21.7% | 7.1% | -20.0% | -10.4% | 39.5% | -10.0% | 9.3% | 3.4% | -3.3% | 6.8% | -6.3% | |||||
YoY Change | -2.3% | 0.0% | 7.1% | -14.3% | -6.5% | -3.3% | 7.1% | -10.0% | 22.9% | 41.9% | 13.0% | -1.7% | 16.7% | 0.0% | |||||
Revenues from Residential Customers | 2,329 | N/A | N/A | N/A | N/A | 2,232 | N/A | N/A | N/A | N/A | 2,101 | N/A | N/A | N/A | N/A | 2,029 | N/A | N/A | N/A |
% of total revenues | 53.1% | 52.6% | 50.1% | 49.8% | |||||||||||||||
Revenues from Business Customers | 2,054 | N/A | N/A | N/A | N/A | 2,012 | N/A | N/A | N/A | N/A | 2,095 | N/A | N/A | N/A | N/A | 2,044 | N/A | N/A | N/A |
% of total revenues | 46.9% | 47.4% | 49.9% | 50.2% | |||||||||||||||
Key Income Statement Metrics | |||||||||||||||||||
Depreciation & amortization | 717 | 180 | 177 | 186 | 185 | 728 | 204 | 211 | 218 | 217 | 850 | 207 | 204 | 225 | 225 | 861 | 212 | 218 | 222 |
QoQ Change | -1.7% | 5.1% | -0.5% | 10.3% | 3.4% | 3.3% | -0.5% | -4.6% | -1.4% | 10.3% | 0.0% | -5.8% | 2.8% | 1.8% | |||||
YoY Change | 1.5% | 13.3% | 19.2% | 17.2% | 17.3% | 16.8% | 1.5% | -3.3% | 3.2% | 3.7% | 1.3% | 2.4% | 6.9% | -1.3% | |||||
Salaries | 898 | 224 | 220 | 224 | 223 | 891 | 228 | 232 | 233 | 219 | 912 | 233 | 231 | 224 | 223 | 911 | 229 | 224 | 225 |
QoQ Change | -1.8% | 1.8% | -0.4% | 2.2% | 1.8% | 0.4% | -6.0% | 6.4% | -0.9% | -3.0% | -0.4% | 2.7% | -2.2% | 0.4% | |||||
YoY Change | -0.8% | 1.8% | 5.5% | 4.0% | -1.8% | 2.4% | 2.2% | -0.4% | -3.9% | 1.8% | -0.1% | -1.7% | -3.0% | 0.4% | |||||
Other operating expenses (income), net | (13) | (4) | (1) | (24) | 6 | (23) | 18 | 89 | (2) | 509 | 614 | (69) | (423) | (8) | 94 | (406) | (4) | (2) | (5) |
Operating profit (loss) | 2,076 | 513 | 496 | 492 | 470 | 1,971 | 473 | 387 | 451 | (87) | 1,224 | 531 | 875 | 440 | 296 | 2,142 | 439 | 464 | 446 |
QoQ Change | -3.3% | -0.8% | -4.5% | 0.6% | -18.2% | 16.5% | N/M | N/M | 64.8% | -49.7% | -32.7% | 48.3% | 5.7% | -3.9% | |||||
YoY Change | -5.1% | -7.8% | -22.0% | -8.3% | N/M | -37.9% | 12.3% | 126.1% | -2.4% | N/M | 75.0% | -17.3% | -47.0% | 1.4% | |||||
Finance expenses (income), net | 445 | 92 | 82 | 107 | 122 | 403 | 121 | 119 | 113 | 117 | 470 | 106 | 141 | 207 | 115 | 569 | 49 | 163 | 91 |
QoQ Change | -10.9% | 30.5% | 14.0% | -0.8% | -1.7% | -5.0% | 3.5% | -9.4% | 33.0% | 46.8% | -44.4% | -57.4% | 232.7% | -44.2% | |||||
YoY Change | -9.4% | 31.5% | 45.1% | 5.6% | -4.1% | 16.6% | -12.4% | 18.5% | 83.2% | -1.7% | 21.1% | -53.8% | 15.6% | -56.0% | |||||
Income taxes | 399 | 102 | 97 | 109 | 88 | 396 | 89 | 66 | 81 | (49) | 187 | 104 | 172 | 58 | 47 | 381 | 95 | 72 | 55 |
QoQ Change | -4.9% | 12.4% | -19.3% | 1.1% | -25.8% | 22.7% | N/M | N/M | 65.4% | -66.3% | -19.0% | 102.1% | -24.2% | -23.6% | |||||
YoY Change | -0.8% | -12.7% | -32.0% | -25.7% | N/M | -52.8% | 16.9% | 160.6% | -28.4% | N/M | 103.7% | -8.7% | -58.1% | -5.2% | |||||
Net profit (loss) - reported | 1,232 | 319 | 317 | 276 | 260 | 1,172 | 263 | 202 | 257 | (155) | 567 | 321 | 562 | 175 | 134 | 1,192 | 295 | 229 | 300 |
QoQ Change | -0.6% | -12.9% | -5.8% | 1.2% | -23.2% | 27.2% | N/M | N/M | 75.1% | -68.9% | -23.4% | 120.1% | -22.4% | 31.0% | |||||
YoY Change | -4.9% | -17.6% | -36.3% | -6.9% | N/M | -51.6% | 22.1% | 178.2% | -31.9% | N/M | 110.2% | -8.1% | -59.3% | 71.4% | |||||
ADJUSTED NET PROFIT (LOSS) (excluding other operating income/expenses) | 1,222 | 316 | 316 | 258 | 265 | 1,155 | 277 | 271 | 255 | 237 | 1,040 | 268 | 236 | 169 | 206 | 879 | 292 | 227 | 296 |
EBITDA, reported | 2,793 | 693 | 673 | 678 | 655 | 2,699 | 677 | 598 | 669 | 130 | 2,074 | 738 | 1,079 | 665 | 521 | 3,003 | 651 | 682 | 668 |
QoQ Change | -2.9% | 0.7% | -3.4% | 3.4% | -11.7% | 11.9% | -80.6% | 467.7% | 46.2% | -38.4% | -21.7% | 25.0% | 4.8% | -2.1% | |||||
YoY Change | -3.4% | -2.3% | -11.1% | -1.3% | -80.2% | -23.2% | 9.0% | 80.4% | -0.6% | 300.8% | 44.8% | -11.8% | -36.8% | 0.5% | |||||
ADJUSTED EBITDA (excluding other operating income/expenses) | 2,780 | 689 | 672 | 654 | 661 | 2,676 | 695 | 687 | 667 | 639 | 2,688 | 669 | 656 | 657 | 615 | 2,597 | 647 | 680 | 663 |
QoQ Change | -2.5% | -2.7% | 1.1% | 5.1% | -1.2% | -2.9% | -4.2% | 4.7% | -1.9% | 0.2% | -6.4% | 5.2% | 5.1% | -2.5% | |||||
YoY Change | -3.7% | 0.9% | 2.2% | 2.0% | -3.3% | 0.4% | -3.7% | -4.5% | -1.5% | -3.8% | -3.4% | -3.3% | 3.7% | 0.9% | |||||
Key Cash Flow Metrics | |||||||||||||||||||
Operating cash flow | 2,064 | 600 | 465 | 573 | 587 | 2,225 | 516 | 507 | 583 | 600 | 2,206 | 471 | 416 | 484 | 476 | 1,847 | 611 | 334 | 561 |
QoQ Change | -22.5% | 23.2% | 2.4% | -12.1% | -1.7% | 15.0% | 2.9% | -21.5% | -11.7% | 16.3% | -1.7% | 28.4% | -45.3% | 68.0% | |||||
YoY Change | 7.8% | -14.0% | 9.0% | 1.7% | 2.2% | -0.9% | -8.7% | -17.9% | -17.0% | -20.7% | -16.3% | 29.7% | -19.7% | 15.9% | |||||
Capital expenditures, gross (cash flow) | 834 | 210 | 219 | 170 | 226 | 825 | 205 | 313 | 233 | 225 | 976 | 210 | 333 | 145 | 193 | 881 | 200 | 201 | 272 |
QoQ Change | 4.3% | -22.4% | 32.9% | -9.3% | 52.7% | -25.6% | -3.4% | -6.7% | 58.6% | -56.5% | 33.1% | 3.6% | 0.5% | 35.3% | |||||
YoY Change | -1.1% | -2.4% | 42.9% | 37.1% | -0.4% | 18.3% | 2.4% | 6.4% | -37.8% | -14.2% | -9.7% | -4.8% | -39.6% | 87.6% | |||||
Proceeds from sale of assets | 132 | 10 | 16 | 46 | 22 | 94 | 7 | (58) | 8 | 270 | 227 | 39 | 340 | 14 | 14 | 407 | 7 | 19 | 1 |
Capital expenditures, net | 702 | 200 | 203 | 124 | 204 | 731 | 198 | 371 | 225 | (45) | 749 | 171 | (7) | 131 | 179 | 474 | 193 | 182 | 271 |
QoQ Change | 1.5% | -38.9% | 64.5% | -2.9% | 87.4% | -39.4% | N/M | N/M | -104.1% | -1971.4% | 36.6% | 7.8% | -5.7% | 48.9% | |||||
YoY Change | 4.1% | -1.0% | 82.8% | 81.5% | N/M | 2.5% | -13.6% | -101.9% | -41.8% | N/M | -36.7% | 12.9% | N/M | N/M | |||||
Lease payments (IFRS 16) | 33 | 29 | 28 | 9 | 99 | 34 | 27 | 25 | 28 | 114 | 32 | 26 | 26 | ||||||
Free cash flow | 1,362 | 400 | 262 | 449 | 383 | 1,494 | 285 | 107 | 330 | 636 | 1,358 | 266 | 396 | 328 | 269 | 1,259 | 386 | 126 | 264 |
QoQ Change | -34.5% | 71.4% | -14.7% | -25.6% | -62.5% | 208.4% | 92.7% | -58.2% | 48.9% | -17.2% | -18.0% | 43.5% | -67.4% | 109.5% | |||||
YoY Change | 9.7% | -28.8% | -59.2% | -26.5% | 66.1% | -9.1% | -6.7% | 270.1% | -0.6% | -57.7% | -7.3% | 45.1% | -68.2% | -19.5% | |||||
Ratios | |||||||||||||||||||
Net margin | 28.1% | 29.6% | 30.0% | 26.0% | 24.8% | 27.6% | 24.7% | 19.0% | 24.6% | -15.1% | 13.5% | 30.8% | 55.1% | 17.1% | 13.6% | 29.3% | 29.0% | 21.9% | 28.8% |
EBITDA margin | 63.7% | 64.3% | 63.6% | 63.9% | 62.6% | 63.6% | 63.7% | 56.2% | 64.1% | 12.7% | 49.4% | 70.8% | 105.8% | 64.9% | 52.9% | 73.7% | 63.9% | 65.3% | 64.1% |
Capex/Sales | 19.0% | 19.5% | 20.7% | 16.0% | 21.6% | 19.4% | 19.3% | 29.4% | 22.3% | 21.9% | 23.3% | 20.1% | 32.6% | 14.1% | 19.6% | 21.6% | 19.6% | 19.3% | 26.1% |
Bezeq Fixed-Line (cont'd) | |||||||||||||||||||
Operating & general expenses | |||||||||||||||||||
Total operating & general expenses | 705 | 165 | 166 | 183 | 163 | 677 | 140 | 145 | 143 | 168 | 596 | 141 | 133 | 144 | 147 | 565 | 142 | 140 | 154 |
QoQ Change | 0.6% | 10.2% | -10.9% | -14.1% | 3.6% | -1.4% | 17.5% | -16.1% | -5.7% | 8.3% | 2.1% | -3.4% | -1.4% | 10.0% | |||||
YoY Change | -4.0% | -15.2% | -12.7% | -21.9% | 3.1% | -12.0% | 0.7% | -8.3% | 0.7% | -12.5% | -5.2% | 0.7% | 5.3% | 6.9% | |||||
Maintenance of buildings and sites | 189 | 47 | 45 | 49 | 44 | 185 | 34 | 31 | 38 | 40 | 143 | 33 | 30 | 35 | 34 | 132 | 30 | 21 | 32 |
QoQ Change | -4.3% | 8.9% | -10.2% | -22.7% | -8.8% | 22.6% | 5.3% | -17.5% | -9.1% | 16.7% | -2.9% | -11.8% | -30.0% | 52.4% | |||||
YoY Change | -2.1% | -27.7% | -31.1% | -22.4% | -9.1% | -22.7% | -2.9% | -3.2% | -7.9% | -15.0% | -7.7% | -9.1% | -30.0% | -8.6% | |||||
Interconnect & payments to telecom operators | 130 | 31 | 29 | 31 | 27 | 118 | 28 | 27 | 25 | 28 | 108 | 25 | 24 | 25 | 23 | 97 | 25 | 30 | 30 |
QoQ Change | -6.5% | 6.9% | -12.9% | 3.7% | -3.6% | -7.4% | 12.0% | -10.7% | -4.0% | 4.2% | -8.0% | 8.7% | 20.0% | 0.0% | |||||
YoY Change | -9.2% | -9.7% | -6.9% | -19.4% | 3.7% | -8.5% | -10.7% | -11.1% | 0.0% | -17.9% | -10.2% | 0.0% | 25.0% | 20.0% | |||||
Marketing & general | 195 | 42 | 44 | 54 | 48 | 188 | 40 | 49 | 42 | 52 | 183 | 39 | 34 | 37 | 36 | 146 | 39 | 41 | 41 |
QoQ Change | 4.8% | 22.7% | -11.1% | -16.7% | 22.5% | -14.3% | 23.8% | -25.0% | -12.8% | 8.8% | -2.7% | 8.3% | 5.1% | 0.0% | |||||
YoY Change | -3.6% | -4.8% | 11.4% | -22.2% | 8.3% | -2.7% | -2.5% | -30.6% | -11.9% | -30.8% | -20.2% | 0.0% | 20.6% | 10.8% | |||||
Terminal equipment & materials | 47 | 10 | 12 | 12 | 10 | 44 | 11 | 10 | 9 | 12 | 42 | 18 | 17 | 17 | 21 | 73 | 20 | 20 | 19 |
QoQ Change | 20.0% | 0.0% | -16.7% | 10.0% | -9.1% | -10.0% | 33.3% | 50.0% | -5.6% | 0.0% | 23.5% | -4.8% | 0.0% | -5.0% | |||||
YoY Change | -6.4% | 10.0% | -16.7% | -25.0% | 20.0% | -4.5% | 63.6% | 70.0% | 88.9% | 75.0% | 73.8% | 11.1% | 17.6% | 11.8% | |||||
Services and maintenance by sub-contractors | 72 | 17 | 19 | 19 | 18 | 73 | 20 | 20 | 20 | 23 | 83 | 18 | 19 | 21 | 24 | 82 | 21 | 22 | 24 |
QoQ Change | 11.8% | 0.0% | -5.3% | 11.1% | 0.0% | 0.0% | 15.0% | -21.7% | 5.6% | 10.5% | 14.3% | -12.5% | 4.8% | 9.1% | |||||
YoY Change | 1.4% | 17.6% | 5.3% | 5.3% | 27.8% | 13.7% | -10.0% | -5.0% | 5.0% | 4.3% | -1.2% | 16.7% | 15.8% | 14.3% | |||||
Vehicle maintenance | 72 | 18 | 17 | 18 | 16 | 69 | 7 | 8 | 9 | 13 | 37 | 8 | 9 | 9 | 9 | 35 | 7 | 6 | 8 |
QoQ Change | -5.6% | 5.9% | -11.1% | -56.3% | 14.3% | 12.5% | 44.4% | -38.5% | 12.5% | 0.0% | 0.0% | -22.2% | -14.3% | 33.3% | |||||
YoY Change | -4.2% | -61.1% | -52.9% | -50.0% | -18.8% | -46.4% | 14.3% | 12.5% | 0.0% | -30.8% | -5.4% | -12.5% | -33.3% | -11.1% |
Bezeq - The Israel Telecommunication Corp Ltd.
&P of &N Fixed-Line financial metrics
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Pelephone | |||||||||||||||||||
Key Income Statement Metrics (Revenues) | |||||||||||||||||||
Total Revenues | 2,630 | 628 | 632 | 635 | 651 | 2,546 | 619 | 602 | 604 | 618 | 2,443 | 578 | 570 | 612 | 602 | 2,362 | 573 | 535 | 545 |
QoQ Change | 0.6% | 0.5% | 2.5% | -4.9% | -2.7% | 0.3% | 2.3% | -6.5% | -1.4% | 7.4% | -1.6% | -4.8% | -6.6% | 1.9% | |||||
YoY Change | -3.2% | -1.4% | -4.7% | -4.9% | -5.1% | -4.0% | -6.6% | -5.3% | 1.3% | -2.6% | -3.3% | -0.9% | -6.1% | -10.9% | |||||
Service Revenues | 1,818 | 435 | 449 | 461 | 437 | 1,782 | 431 | 438 | 449 | 437 | 1,755 | 417 | 430 | 446 | 416 | 1,709 | 405 | 394 | 396 |
QoQ Change | 3.2% | 2.7% | -5.2% | -1.4% | 1.6% | 2.5% | -2.7% | -4.6% | 3.1% | 3.7% | -6.7% | -2.6% | -2.7% | 0.5% | |||||
YoY Change | -2.0% | -0.9% | -2.4% | -2.6% | 0.0% | -1.5% | -3.2% | -1.8% | -0.7% | -4.8% | -2.6% | -2.9% | -8.4% | -11.2% | |||||
Equipment Revenues | 812 | 193 | 183 | 174 | 214 | 764 | 188 | 164 | 155 | 181 | 688 | 161 | 140 | 166 | 186 | 653 | 168 | 141 | 149 |
QoQ Change | -5.2% | -4.9% | 23.0% | -12.1% | -12.8% | -5.5% | 16.8% | -11.0% | -13.0% | 18.6% | 12.0% | -9.7% | -16.1% | 5.7% | |||||
YoY Change | -5.9% | -2.6% | -10.4% | -10.9% | -15.4% | -9.9% | -14.4% | -14.6% | 7.1% | 2.8% | -5.1% | 4.3% | 0.7% | -10.2% | |||||
Revenues from Private Customers | 1,616 | N/A | N/A | N/A | N/A | 1,541 | N/A | N/A | N/A | N/A | 1,415 | N/A | N/A | N/A | N/A | 1,334 | N/A | N/A | N/A |
% of total revenues | 61.4% | 60.5% | 57.9% | 56.5% | |||||||||||||||
Revenues from Business Customers | 1,015 | N/A | N/A | N/A | N/A | 1,005 | N/A | N/A | N/A | N/A | 1,028 | N/A | N/A | N/A | N/A | 1,028 | N/A | N/A | N/A |
% of total revenues | 38.6% | 39.5% | 42.1% | 43.5% | |||||||||||||||
Key Income Statement Metrics | |||||||||||||||||||
Depreciation & amortization | 380 | 94 | 99 | 100 | 90 | 383 | 158 | 159 | 161 | 177 | 655 | 157 | 156 | 157 | 163 | 633 | 150 | 151 | 147 |
QoQ Change | 5.3% | 1.0% | -10.0% | 75.6% | 0.6% | 1.3% | 9.9% | -11.3% | -0.6% | 0.6% | 3.8% | -8.0% | 0.7% | -2.6% | |||||
YoY Change | 0.8% | 68.1% | 60.6% | 61.0% | 96.7% | 71.0% | -0.6% | -1.9% | -2.5% | -7.9% | -3.4% | -4.5% | -3.2% | -6.4% | |||||
Salaries | 378 | 98 | 94 | 94 | 98 | 384 | 100 | 95 | 94 | 90 | 379 | 94 | 95 | 89 | 95 | 373 | 90 | 70 | 79 |
QoQ Change | -4.1% | 0.0% | 4.3% | 2.0% | -5.0% | -1.1% | -4.3% | 4.4% | 1.1% | -6.3% | 6.7% | -5.3% | -22.2% | 12.9% | |||||
YoY Change | 1.6% | 2.0% | 1.1% | 0.0% | -8.2% | -1.3% | -6.0% | 0.0% | -5.3% | 5.6% | -1.6% | -4.3% | -26.3% | -11.2% | |||||
Operating & general expenses | 1,838 | 431 | 409 | 419 | 439 | 1,698 | 359 | 345 | 344 | 354 | 1,402 | 337 | 324 | 348 | 364 | 1,373 | 345 | 326 | 346 |
QoQ Change | -5.1% | 2.4% | 4.8% | -18.2% | -3.9% | -0.3% | 2.9% | -4.8% | -3.9% | 7.4% | 4.6% | -5.2% | -5.5% | 6.1% | |||||
YoY Change | -7.6% | -16.7% | -15.6% | -17.9% | -19.4% | -17.4% | -6.1% | -6.1% | 1.2% | 2.8% | -2.1% | 2.4% | 0.6% | -0.6% | |||||
Other operating expenses | 2 | - 0 | - 0 | - 0 | 9 | 9 | - 0 | 1 | 7 | 1 | 9 | - 0 | 3 | 2 | 77 | 82 | 1 | (4) | - 0 |
Operating profit (loss) | 32 | 5 | 30 | 22 | 15 | 72 | 2 | 2 | (2) | (4) | (2) | (10) | (8) | 16 | (97) | (99) | (13) | (8) | (27) |
QoQ Change | 500.0% | -26.7% | -31.8% | -86.7% | 0.0% | N/M | 100.0% | 150.0% | -20.0% | N/M | N/M | -86.6% | -38.5% | 237.5% | |||||
YoY Change | 125.0% | -60.0% | -93.3% | -109.1% | N/M | N/M | N/M | N/M | N/M | 2325.0% | 4850.0% | 30.0% | 0.0% | N/M | |||||
Net profit (loss) - reported | 61 | 16 | 34 | 24 | 21 | 95 | 9 | 7 | 6 | 2 | 24 | 2 | 2 | 18 | (69) | (47) | (2) | 1 | (12) |
QoQ Change | 112.5% | -29.4% | -12.5% | -57.1% | -22.2% | -14.3% | -66.7% | 0.0% | 0.0% | 800.0% | N/M | -97.1% | N/M | N/M | |||||
YoY Change | 55.7% | -43.8% | -79.4% | -75.0% | -90.5% | -74.7% | -77.8% | -71.4% | 200.0% | N/M | -295.8% | N/M | -50.0% | -166.7% | |||||
ADJUSTED NET PROFIT (LOSS) (excluding other operating income/expenses and one-time impairment) | 63 | 16 | 34 | 24 | 28 | 102 | 9 | 8 | 11 | 3 | 31 | 2 | 4 | 20 | (10) | 16 | (1) | (2) | (12) |
QoQ Change | -13.7% | 46.6% | -75.7% | -27.8% | 115.5% | 353.4% | N/M | -87.3% | 69.1% | 476.9% | |||||||||
YoY Change | -69.7% | -77.8% | -44.5% | 71.6% | N/M | -47.8% | -161.5% | N/M | -161.4% | ||||||||||
EBITDA reported | 412 | 99 | 129 | 122 | 105 | 455 | 160 | 161 | 159 | 173 | 653 | 147 | 148 | 173 | 66 | 534 | 137 | 143 | 120 |
QoQ Change | 30.3% | -5.4% | -13.9% | 52.4% | 0.6% | -1.2% | 8.8% | -15.0% | 0.7% | 16.9% | -61.8% | 107.6% | 4.4% | -16.1% | |||||
YoY Change | 10.4% | 61.6% | 24.8% | 30.3% | 64.8% | 43.5% | -8.1% | -8.1% | 8.8% | -61.8% | -18.2% | -6.8% | -3.4% | -30.6% | |||||
ADJUSTED EBITDA (excluding other operating income/expenses) | 414 | 99 | 129 | 122 | 114 | 464 | 160 | 162 | 166 | 174 | 662 | 147 | 151 | 175 | 143 | 616 | 138 | 139 | 120 |
Key Cash Flow Metrics | |||||||||||||||||||
Operating cash flow | 582 | 117 | 193 | 209 | 86 | 605 | 239 | 181 | 194 | 156 | 770 | 195 | 136 | 200 | 146 | 677 | 164 | 149 | 143 |
QoQ Change | 65.0% | 8.3% | -58.9% | 177.9% | -24.3% | 7.2% | -19.6% | 25.0% | -30.3% | 47.1% | -27.0% | 12.3% | -9.1% | -4.0% | |||||
YoY Change | 4.0% | 104.3% | -6.2% | -7.2% | 81.4% | 27.3% | -18.4% | -24.9% | 3.1% | -6.4% | -12.1% | -15.9% | 9.6% | -28.5% | |||||
Capital expenditures, gross (cash flow) | 243 | 73 | 82 | 78 | 77 | 310 | 69 | 90 | 73 | 78 | 310 | 63 | 83 | 72 | 75 | 293 | 65 | 73 | 100 |
QoQ Change | 12.3% | -4.9% | -1.3% | -10.4% | 30.4% | -18.9% | 6.8% | -19.2% | 31.7% | -13.3% | 4.2% | -13.3% | 12.3% | 37.0% | |||||
YoY Change | 27.6% | -5.5% | 9.8% | -6.4% | 1.3% | 0.0% | -8.7% | -7.8% | -1.4% | -3.8% | -5.5% | 3.2% | -12.0% | 38.9% | |||||
Capital expenditures, net (cash flow) | 241 | 73 | 82 | 78 | 76 | 309 | 69 | 90 | 69 | 78 | 306 | 63 | 82 | 72 | 75 | 292 | 65 | 73 | 100 |
QoQ Change | 12.3% | -4.9% | -2.6% | -9.2% | 30.4% | -23.3% | 13.0% | -19.2% | 30.2% | -12.2% | 4.2% | -13.3% | 12.3% | 37.0% | |||||
YoY Change | 28.2% | -5.5% | 9.8% | -11.5% | 2.6% | -1.0% | -8.7% | -8.9% | 4.3% | -3.8% | -4.6% | 3.2% | -11.0% | 38.9% | |||||
Lease payments (IFRS 16) | - | - 0 | - 0 | - 0 | - 0 | - | 75 | 50 | 64 | 70 | 259 | 69 | 46 | 76 | 51 | 242 | 67 | 48 | 67 |
Free cash flow | 341 | 44 | 111 | 131 | 10 | 296 | 95 | 41 | 61 | 8 | 205 | 63 | 8 | 52 | 20 | 143 | 32 | 28 | (24) |
QoQ Change | 152.3% | 18.0% | -92.4% | 850.0% | -56.8% | 48.8% | -86.9% | 687.5% | -87.3% | 550.0% | -61.5% | 60.0% | -12.5% | N/M | |||||
YoY Change | -13.2% | 115.9% | -63.1% | -53.4% | -20.0% | -30.7% | -33.7% | -80.5% | -14.8% | 150.0% | -30.2% | -49.2% | 250.0% | N/M | |||||
Ratios | |||||||||||||||||||
Net margin | 2.3% | 2.5% | 5.4% | 3.8% | 3.2% | 3.7% | 1.5% | 1.2% | 1.0% | 0.3% | 1.0% | 0.3% | 0.4% | 2.9% | -11.5% | -2.0% | -0.3% | 0.2% | -2.2% |
EBITDA margin | 15.7% | 15.8% | 20.4% | 19.2% | 16.1% | 17.9% | 25.8% | 26.8% | 26.4% | 28.0% | 26.8% | 25.4% | 25.9% | 28.3% | 11.0% | 22.6% | 23.9% | 26.7% | 22.0% |
Capex/Sales | 9.2% | 11.6% | 13.0% | 12.3% | 11.8% | 12.2% | 11.1% | 15.0% | 12.1% | 12.6% | 12.7% | 10.9% | 14.6% | 11.8% | 12.5% | 12.4% | 11.3% | 13.6% | 18.3% |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Pelephone financial metrics
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Bezeq International | ||||||||||||||||||
Key Income Statement Metrics | ||||||||||||||||||
Total Revenues | 384 | 407 | 367 | 379 | 1,537 | 352 | 336 | 333 | 370 | 1,391 | 341 | 339 | 329 | 330 | 1,339 | 317 | 314 | 315 |
QoQ Change | 6.0% | -9.8% | 3.3% | -7.1% | -4.5% | -0.9% | 11.1% | -7.8% | -0.6% | -2.9% | 0.3% | -3.9% | -0.9% | 0.3% | ||||
YoY Change | -8.3% | -17.4% | -9.3% | -2.4% | -9.5% | -3.1% | 0.9% | -1.2% | -10.8% | -3.7% | -7.0% | -7.4% | -4.3% | |||||
Revenues from Internet services | N/A | N/A | N/A | N/A | 670 | N/A | N/A | N/A | N/A | 659 | N/A | N/A | N/A | N/A | 632 | N/A | N/A | N/A |
% of total revenues | 43.6% | 47.4% | 47.2% | |||||||||||||||
Revenues from Voice and Business services (Data, ICT, PBX) | N/A | N/A | N/A | N/A | 867 | N/A | N/A | N/A | N/A | 732 | N/A | N/A | N/A | N/A | 707 | N/A | N/A | N/A |
% of total revenues | 56.4% | 52.6% | 52.8% | |||||||||||||||
Revenues from Private Customers | N/A | N/A | N/A | N/A | 488 | N/A | N/A | N/A | N/A | 468 | N/A | N/A | N/A | N/A | 441 | N/A | N/A | N/A |
% of total revenues | 31.8% | 33.6% | 32.9% | |||||||||||||||
Revenues from Business Customers | N/A | N/A | N/A | N/A | 1,049 | N/A | N/A | N/A | N/A | 923 | N/A | N/A | N/A | N/A | 898 | N/A | N/A | N/A |
% of total revenues | 68.2% | 66.4% | 67.1% | |||||||||||||||
Key Income Statement Metrics | ||||||||||||||||||
Depreciation & amortization | 33 | 33 | 34 | 35 | 135 | 43 | 45 | 46 | 60 | 194 | 46 | 46 | 47 | 51 | 190 | 43 | 38 | 42 |
QoQ Change | 0.0% | 3.0% | 2.9% | 22.9% | 4.7% | 2.2% | 30.4% | -23.3% | 0.0% | 2.2% | 8.5% | -15.7% | -11.6% | 10.5% | ||||
YoY Change | 30.3% | 36.4% | 35.3% | 71.4% | 43.7% | 7.0% | 2.2% | 2.2% | -15.0% | -2.1% | -6.5% | -17.4% | -10.6% | |||||
Salaries | 84 | 81 | 81 | 82 | 328 | 84 | 75 | 71 | 70 | 300 | 68 | 67 | 64 | 62 | 261 | 64 | 62 | 63 |
QoQ Change | -3.6% | 0.0% | 1.2% | 2.4% | -10.7% | -5.3% | -1.4% | -2.9% | -1.5% | -4.5% | -3.1% | 3.2% | -3.1% | 1.6% | ||||
YoY Change | 0.0% | -7.4% | -12.3% | -14.6% | -8.5% | -19.0% | -10.7% | -9.9% | -11.4% | -13.0% | -5.9% | -7.5% | -1.6% | |||||
Operating & general expenses | 218 | 247 | 214 | 236 | 915 | 197 | 195 | 191 | 229 | 812 | 201 | 203 | 213 | 210 | 827 | 181 | 187 | 203 |
QoQ Change | 13.3% | -13.4% | 10.3% | -16.5% | -1.0% | -2.1% | 19.9% | -12.2% | 1.0% | 4.9% | -1.4% | -13.8% | 3.3% | 8.6% | ||||
YoY Change | -9.6% | -21.1% | -10.7% | -3.0% | -11.3% | 2.0% | 4.1% | 11.5% | -8.3% | 1.8% | -10.0% | -7.9% | -4.7% | |||||
Other operating expenses (income) | - 0 | 1 | (1) | 3 | 3 | 2 | (1) | 2 | 5 | 8 | - 0 | 16 | 45 | 196 | 257 | - 0 | - 0 | 282 |
Operating profit (loss) | 49 | 45 | 39 | 23 | 156 | 26 | 22 | 23 | 6 | 77 | 26 | 7 | (40) | (189) | (196) | 29 | 27 | (275) |
QoQ Change | -8.2% | -13.3% | -41.0% | 13.0% | -15.4% | 4.5% | -73.9% | 333.3% | -73.1% | N/M | 372.5% | -115.3% | -6.9% | N/M | ||||
YoY Change | -46.9% | -51.1% | -41.0% | -73.9% | -50.6% | 0.0% | -68.2% | N/M | N/M | N/M | 11.5% | 285.7% | 587.5% | |||||
Net profit (loss) - reported | 36 | 33 | 27 | 19 | 115 | 18 | 14 | 14 | 5 | 51 | 20 | 4 | (32) | (149) | (157) | 22 | 21 | (305) |
QoQ Change | -8.3% | -18.2% | -29.6% | -5.3% | -22.2% | 0.0% | -64.3% | 300.0% | -80.0% | N/M | 365.6% | -114.8% | -4.5% | N/M | ||||
YoY Change | -50.0% | -57.6% | -48.1% | -73.7% | -55.7% | 11.1% | -71.4% | N/M | N/M | N/M | 10.0% | 425.0% | 853.1% | |||||
ADJUSTED NET PROFIT (excluding other operating income/expenses and one-time impairment) | 36 | 34 | 26 | 21 | 117 | 20 | 13 | 16 | 9 | 57 | 20 | 16 | 3 | 2 | 41 | 22 | 21 | (23) |
QoQ Change | -6.2% | -22.3% | -18.8% | -32.3% | 17.5% | -43.1% | 126.0% | -18.4% | -83.8% | N/M | 1045.8% | -4.5% | N/M | |||||
YoY Change | -51.3% | 2.4% | 23.4% | -82.9% | -78.3% | -28.5% | 10.0% | 28.7% | N/M | |||||||||
EBITDA reported | 82 | 78 | 73 | 58 | 291 | 69 | 67 | 69 | 66 | 271 | 72 | 53 | 7 | (138) | (6) | 72 | 65 | (233) |
QoQ Change | -4.9% | -6.4% | -20.5% | 19.0% | -2.9% | 3.0% | -4.3% | 9.1% | -26.4% | -86.8% | N/M | -152.2% | -9.7% | N/M | ||||
YoY Change | -15.9% | -14.1% | -5.5% | 13.8% | -6.9% | 4.3% | -20.9% | -89.9% | N/M | -102.2% | 0.0% | 22.6% | N/M | |||||
ADJUSTED EBITDA (excluding other operating income/expenses and one-time impairment) | 82 | 79 | 72 | 61 | 294 | 71 | 66 | 71 | 71 | 279 | 72 | 69 | 52 | 58 | 251 | 72 | 65 | 49 |
QoQ Change | -3.7% | -8.9% | -15.3% | 16.4% | -7.0% | 7.6% | 0.0% | 1.4% | -4.2% | -24.6% | 11.5% | 24.1% | -9.7% | -24.6% | ||||
YoY Change | -13.4% | -16.5% | -1.4% | 16.4% | -5.1% | 1.4% | 4.5% | -26.8% | -18.3% | -10.0% | 0.0% | -5.8% | -5.8% | |||||
Key Cash Flow Metrics | ||||||||||||||||||
Operating cash flow | 52 | 69 | 74 | 82 | 277 | 67 | 54 | 73 | 106 | 300 | 56 | 48 | 64 | 87 | 255 | 60 | 48 | 47 |
QoQ Change | 32.7% | 7.2% | 10.8% | -18.3% | -19.4% | 35.2% | 45.2% | -47.2% | -14.3% | 33.3% | 35.9% | -31.0% | -20.0% | -2.1% | ||||
YoY Change | 28.8% | -21.7% | -1.4% | 29.3% | 8.3% | -16.4% | -11.1% | -12.3% | -17.9% | -15.0% | 7.1% | 0.0% | -26.6% | |||||
Capital expenditures, gross (cash flow) | 29 | 46 | 31 | 36 | 142 | 31 | 44 | 26 | 25 | 126 | 33 | 34 | 40 | 21 | 128 | 34 | 33 | 28 |
QoQ Change | 58.6% | -32.6% | 16.1% | -13.9% | 41.9% | -40.9% | -3.8% | 32.0% | 3.0% | 17.6% | -47.5% | 61.9% | -2.9% | -15.2% | ||||
YoY Change | 6.9% | -4.3% | -16.1% | -30.6% | -11.3% | 6.5% | -22.7% | 53.8% | -16.0% | 1.6% | 3.0% | -2.9% | -30.0% | |||||
Capital expenditures, net (cash flow) | 29 | 46 | 29 | 35 | 139 | 31 | 44 | 25 | 25 | 125 | 33 | 34 | 40 | 21 | 128 | 34 | 33 | 28 |
QoQ Change | 58.6% | -37.0% | 20.7% | -11.4% | 41.9% | -43.2% | 0.0% | 32.0% | 3.0% | 17.6% | -47.5% | 61.9% | -2.9% | -15.2% | ||||
YoY Change | 6.9% | -4.3% | -13.8% | -28.6% | -10.1% | 6.5% | -22.7% | 60.0% | -16.0% | 2.4% | 3.0% | -2.9% | -30.0% | |||||
Lease payments (IFRS 16) | - 0 | - 0 | - 0 | - 0 | - | 9 | 9 | 9 | 9 | 36 | 8 | 8 | 8 | 8 | 32 | 8 | 8 | 7 |
Free cash flow | 23 | 23 | 45 | 47 | 138 | 27 | 1 | 38 | 72 | 138 | 15 | 6 | 16 | 58 | 95 | 18 | 7 | 12 |
QoQ Change | 0.0% | 95.7% | 4.4% | -42.6% | -96.3% | 3700.0% | 89.5% | -79.2% | -60.0% | 166.7% | 262.5% | -69.0% | -61.1% | 71.4% | ||||
YoY Change | 17.4% | -95.7% | -15.6% | 53.2% | 0.0% | -44.4% | 500.0% | -57.9% | -19.4% | -31.2% | 20.0% | 16.7% | -25.0% | |||||
Ratios | ||||||||||||||||||
Net margin | 9.4% | 8.1% | 7.4% | 5.0% | 7.5% | 5.1% | 4.2% | 4.2% | 1.4% | 3.7% | 5.9% | 1.2% | -9.7% | -45.2% | -11.7% | 6.9% | 6.7% | -96.8% |
EBITDA margin | 21.4% | 19.2% | 19.9% | 15.3% | 18.9% | 19.6% | 19.9% | 20.7% | 17.8% | 19.5% | 21.1% | 15.6% | 2.1% | -41.8% | -0.4% | 22.7% | 20.7% | -74.0% |
Capex/Sales | 7.6% | 11.3% | 8.4% | 9.5% | 9.2% | 8.8% | 13.1% | 7.8% | 6.8% | 9.1% | 9.7% | 10.0% | 12.2% | 6.4% | 9.6% | 10.7% | 10.5% | 8.9% |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N BI financial metrics
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
yes - Reported | |||||||||||||||||||
Key Income Statement Metrics | |||||||||||||||||||
Revenues | 1,745 | 424 | 416 | 406 | 404 | 1,650 | 375 | 375 | 367 | 356 | 1,473 | 343 | 337 | 334 | 331 | 1,345 | 338 | 319 | 313 |
QoQ Change | -1.9% | -2.4% | -0.5% | -7.2% | 0.0% | -2.1% | -3.0% | -3.7% | -1.7% | -0.9% | -0.9% | 2.1% | -5.6% | -1.9% | |||||
YoY Change | -5.4% | -11.6% | -9.9% | -9.6% | -11.9% | -10.7% | -8.5% | -10.1% | -9.0% | -7.0% | -8.7% | -1.5% | -5.3% | -6.3% | |||||
Depreciation, amortization & impairment | 296 | 70 | 71 | 72 | 72 | 285 | 79 | 79 | 81 | 84 | 323 | 55 | 68 | 50 | 46 | 219 | 44 | 50 | 50 |
QoQ Change | 1.4% | 1.4% | 0.0% | 9.7% | 0.0% | 2.5% | 3.7% | -34.5% | 23.6% | -26.5% | -8.0% | -4.3% | 13.6% | 0.0% | |||||
YoY Change | -3.7% | 12.9% | 11.3% | 12.5% | 16.7% | 13.3% | -30.4% | -13.9% | -38.3% | -45.2% | -32.2% | -20.0% | -26.5% | 0.0% | |||||
Salaries | 249 | 59 | 59 | 62 | 65 | 245 | 58 | 60 | 56 | 59 | 233 | 56 | 54 | 52 | 54 | 216 | 54 | 48 | 50 |
QoQ Change | 0.0% | 5.1% | 4.8% | -10.8% | 3.4% | -6.7% | 5.4% | -5.1% | -3.6% | -3.7% | 3.8% | 0.0% | -11.1% | 4.2% | |||||
YoY Change | -1.6% | -1.7% | 1.7% | -9.7% | -9.2% | -4.9% | -3.4% | -10.0% | -7.1% | -8.5% | -7.3% | -3.6% | -11.1% | -3.8% | |||||
Operating, general & impairment expenses | 947 | 243 | 237 | 237 | 240 | 957 | 237 | 246 | 229 | 244 | 956 | 234 | 248 | 211 | 230 | 923 | 231 | 210 | 195 |
QoQ Change | -2.5% | 0.0% | 1.3% | -1.3% | 3.8% | -6.9% | 6.6% | -4.1% | 6.0% | -14.9% | 9.0% | 0.4% | -9.1% | -7.1% | |||||
YoY Change | 1.1% | -2.5% | 3.8% | -3.4% | 1.7% | -0.1% | -1.3% | 0.8% | -7.9% | -5.7% | -3.5% | -1.3% | -15.3% | -7.6% | |||||
Loss from impairment of assets | - | - | - | - | - | - 0 | - | - | - | 1,100 | 1,100 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
Other operating expenses (income), net | (11) | - | - | - | - | - 0 | 2 | 7 | - | 8 | 17 | 43 | (9) | 1 | 7 | 42 | - 0 | (12) | - 0 |
Operating profit (loss) | 264 | 52 | 49 | 35 | 27 | 163 | (1) | (17) | 1 | (1,139) | (1,156) | (45) | (24) | 20 | (6) | (55) | 9 | 23 | 18 |
QoQ Change | -5.8% | -28.6% | -22.9% | N/M | 1600.0% | N/M | N/M | N/M | -46.7% | N/M | N/M | N/M | 155.6% | -21.7% | |||||
YoY Change | -38.3% | N/M | N/M | -97.1% | N/M | N/M | 4400.0% | 41.2% | 1900.0% | -99.5% | -95.2% | N/M | N/M | -10.0% | |||||
Finance expenses (income), net | 58 | 27 | 32 | (1) | 13 | 71 | (3) | (7) | 3 | (4) | (11) | 5 | 2 | 4 | 1 | 12 | (5) | 4 | 1 |
QoQ Change | 18.5% | N/M | N/M | N/M | 133.3% | N/M | N/M | N/M | -60.0% | 100.0% | -75.0% | N/M | N/M | -75.0% | |||||
YoY Change | 22.4% | N/M | N/M | N/M | N/M | N/M | N/M | N/M | 33.3% | N/M | N/M | N/M | 100.0% | -75.0% | |||||
Net profit (loss) - reported | 68 | 19 | (151) | (123) | 11 | (244) | 1 | (10) | (2) | (1,137) | (1,148) | (50) | (27) | 15 | (7) | (69) | 14 | 18 | 16 |
QoQ Change | N/M | -18.5% | -108.9% | -90.9% | N/M | -80.0% | N/M | -95.6% | -46.0% | N/M | N/M | N/M | 28.6% | -11.1% | |||||
YoY Change | N/M | -94.7% | -93.4% | -98.4% | N/M | 370.5% | N/M | 170.0% | N/M | -99.4% | -94.0% | N/M | N/M | 6.7% | |||||
EBITDA reported | 560 | 122 | 120 | 107 | 99 | 448 | 78 | 62 | 82 | (1,055) | (833) | 10 | 44 | 70 | 40 | 164 | 53 | 73 | 68 |
QoQ Change | -1.6% | -10.8% | -7.5% | -21.2% | -20.5% | 32.3% | N/M | N/M | 340.0% | 59.1% | -42.9% | 32.5% | 37.7% | -6.8% | |||||
YoY Change | -20.0% | -36.1% | -48.3% | -23.4% | N/M | N/M | -87.2% | -29.0% | -14.6% | N/M | N/M | 430.0% | 65.9% | -2.9% | |||||
ADJUSTED EBITDA (excluding other operating income/expenses and one-time impairment) | 549 | - | - | - | - | 448 | 80 | 69 | 82 | 53 | 284 | 53 | 35 | 71 | 47 | 206 | 53 | 61 | 68 |
Key Cash Flow Metrics | |||||||||||||||||||
Operating cash flow | 629 | 51 | 169 | 115 | 95 | 430 | 86 | 60 | 34 | 46 | 226 | 53 | 22 | 37 | 31 | 143 | 41 | 39 | 69 |
QoQ Change | 231.4% | -32.0% | -17.4% | -9.5% | -30.2% | -43.3% | 35.3% | 15.2% | -58.5% | 68.2% | -16.2% | 32.3% | -4.9% | 76.9% | |||||
YoY Change | -31.6% | 68.6% | -64.5% | -70.4% | -51.6% | -47.4% | -38.4% | -63.3% | 8.8% | -32.6% | -36.7% | -22.6% | 77.3% | 86.5% | |||||
Capital expenditures, gross (cash flow) | 209 | 60 | 53 | 69 | 53 | 235 | 62 | 75 | 79 | 82 | 298 | 64 | 74 | 69 | 32 | 239 | 37 | 41 | 38 |
QoQ Change | -11.7% | 30.2% | -23.2% | 17.0% | 21.0% | 5.3% | 3.8% | -22.0% | 15.6% | -6.8% | -53.6% | 15.6% | 10.8% | -7.3% | |||||
YoY Change | 12.4% | 3.3% | 41.5% | 14.5% | 54.7% | 26.8% | 3.2% | -1.3% | -12.7% | -61.0% | -19.8% | -42.2% | -44.6% | -44.9% | |||||
Capital expenditures, net (cash flow) | 208 | 60 | 52 | 69 | 53 | 234 | 62 | 75 | 79 | 81 | 297 | 64 | 73 | 69 | 32 | 238 | 37 | 40 | 38 |
QoQ Change | -13.3% | 32.7% | -23.2% | 17.0% | 21.0% | 5.3% | 2.5% | -21.0% | 14.1% | -5.5% | -53.6% | 15.6% | 8.1% | -5.0% | |||||
YoY Change | 12.5% | 3.3% | 44.2% | 14.5% | 52.8% | 26.9% | 3.2% | -2.7% | -12.7% | -60.5% | -19.9% | -42.2% | -45.2% | -44.9% | |||||
Lease payments (IFRS 16) | - | - | - | - | - | - | 8 | 8 | 9 | 6 | 31 | 8 | 7 | 8 | 7 | 30 | 7 | 7 | 6 |
Free cash flow | 421 | (9) | 117 | 46 | 42 | 196 | 16 | (23) | (54) | (41) | (102) | (19) | (58) | (40) | (8) | (125) | (3) | (8) | 25 |
QoQ Change | N/M | -60.7% | -8.7% | -61.9% | N/M | 134.8% | -24.1% | -53.7% | 205.3% | -31.0% | -80.0% | -62.5% | 166.7% | N/M | |||||
YoY Change | -53.4% | N/M | N/M | N/M | N/M | N/M | N/M | 152.2% | -25.9% | -80.5% | 22.5% | -84.2% | -86.2% | N/M | |||||
Ratios | |||||||||||||||||||
Net margin | 3.9% | 4.5% | (36.3%) | (30.3%) | 2.7% | (14.8%) | 0.3% | 0.0% | (0.5%) | (319.4%) | (77.9%) | (14.6%) | (8.0%) | 4.5% | (2.1%) | (5.1%) | 4.1% | 5.6% | 5.1% |
EBITDA margin | 32.1% | 28.8% | 28.8% | 26.4% | 24.5% | 27.2% | 20.8% | 16.5% | 22.3% | (296.3%) | (56.6%) | 2.9% | 13.1% | 21.0% | 12.1% | 12.2% | 15.7% | 22.9% | 21.7% |
Capex/Sales | 12.0% | 14.2% | 12.7% | 17.0% | 13.1% | 14.2% | 16.5% | 20.0% | 21.5% | 23.0% | 20.2% | 18.7% | 22.0% | 20.7% | 9.7% | 17.8% | 10.9% | 12.9% | 12.1% |
Collection fees (royalties) | |||||||||||||||||||
yes - Proforma (Excluding Impairment Loss) | |||||||||||||||||||
Key Income Statement Metrics | |||||||||||||||||||
Revenues | N/A | N/A | N/A | N/A | N/A | 1,650 | 375 | 375 | 367 | 356 | 1,473 | 343 | 337 | 334 | 331 | 1,345 | 338 | 319 | 313 |
QoQ Change | 0.0% | -2.1% | -3.0% | -1.7% | -0.9% | -0.9% | 2.1% | -5.6% | -1.9% | ||||||||||
YoY Change | -10.7% | -8.5% | -10.1% | -9.0% | -7.0% | -8.7% | -1.5% | -5.3% | -6.3% | ||||||||||
Depreciation & amortization | N/A | N/A | N/A | N/A | N/A | 285 | 79 | 79 | 81 | 84 | 323 | 78 | 81 | 93 | 82 | 334 | 76 | 78 | 76 |
QoQ Change | 0.0% | 2.5% | 3.7% | 3.8% | 14.8% | -11.8% | -7.3% | 2.6% | -2.6% | ||||||||||
YoY Change | 13.3% | -1.3% | 2.5% | 14.8% | -2.4% | 3.4% | -2.6% | -3.7% | -18.3% | ||||||||||
Salaries | N/A | N/A | N/A | N/A | N/A | 245 | 58 | 60 | 56 | 59 | 233 | 55 | 51 | 50 | 53 | 209 | 51 | 47 | 48 |
QoQ Change | 3.4% | -6.7% | 5.4% | -7.3% | -2.0% | 6.0% | -3.8% | -7.8% | 2.1% | ||||||||||
YoY Change | -4.9% | -5.2% | -15.0% | -10.7% | -10.2% | -10.3% | -7.3% | -7.8% | -4.0% | ||||||||||
Operating & general expenses | N/A | N/A | N/A | N/A | N/A | 957 | 237 | 246 | 229 | 244 | 956 | 226 | 222 | 219 | 228 | 895 | 222 | 212 | 204 |
QoQ Change | 3.8% | -6.9% | 6.6% | -1.8% | -1.4% | 4.1% | -2.6% | -4.5% | -3.8% | ||||||||||
YoY Change | -0.1% | -4.6% | -9.8% | -4.4% | -6.6% | -6.4% | -1.8% | -4.5% | -6.8% | ||||||||||
Other operating expenses (income), net | N/A | N/A | N/A | N/A | N/A | - 0 | 2 | 7 | - 0 | 8 | 17 | 43 | (9) | 1 | 7 | 42 | - 0 | (12) | 1 |
QoQ Change | 250.0% | N/M | N/M | N/M | 600.0% | N/M | N/M | N/M | |||||||||||
YoY Change | N/M | N/M | -12.5% | 147.1% | N/M | 33.3% | 0.0% | ||||||||||||
Operating profit (loss) | N/A | N/A | N/A | N/A | N/A | 163 | (1) | (17) | 1 | (39) | (56) | (59) | (8) | (29) | (39) | (135) | (11) | (6) | (16) |
QoQ Change | 1600.0% | N/M | N/M | -86.4% | 262.5% | 34.5% | -71.8% | -45.5% | 166.7% | ||||||||||
YoY Change | N/M | -52.9% | N/M | 0.0% | 141.1% | -81.4% | -25.0% | -44.8% | |||||||||||
Finance expenses (income), net | N/A | N/A | N/A | N/A | N/A | 71 | (3) | (7) | 3 | (4) | (11) | 5 | 2 | 4 | 1 | 12 | (5) | 4 | 1 |
QoQ Change | 133.3% | N/M | N/M | 100.0% | -75.0% | N/M | N/M | -75.0% | |||||||||||
YoY Change | N/M | 33.3% | N/M | N/M | N/M | 100.0% | -75.0% | ||||||||||||
Net profit (loss) - reported | N/A | N/A | N/A | N/A | N/A | (244) | 1 | (10) | (2) | (37) | (48) | (64) | (11) | (34) | (40) | (149) | (6) | (11) | (18) |
QoQ Change | N/M | -80.0% | 1750.0% | -82.8% | 209.1% | 17.6% | -85.0% | 83.3% | 63.6% | ||||||||||
YoY Change | -80.3% | 10.0% | 1600.0% | 8.1% | 210.4% | -90.6% | 0.0% | -47.1% | |||||||||||
ADJUSTED NET PROFIT (LOSS) (excluding other operating income/expenses) | N/A | N/A | N/A | N/A | N/A | (244) | 3 | (3) | (2) | (29) | (31) | (21) | (20) | (33) | (33) | (107) | (6) | (23) | (17) |
QoQ Change | N/M | -33.3% | 1350.0% | -27.6% | -4.8% | 65.0% | 0.0% | -81.8% | 283.3% | -26.1% | |||||||||
YoY Change | -87.3% | N/M | 566.7% | 1550.0% | 13.8% | 245.2% | -71.4% | 15.0% | -48.5% | ||||||||||
EBITDA | N/A | N/A | N/A | N/A | N/A | 448 | 78 | 62 | 82 | 45 | 267 | 19 | 73 | 64 | 43 | 199 | 65 | 72 | 60 |
QoQ Change | -20.5% | 32.3% | -45.1% | 284.2% | -12.3% | -32.8% | 51.2% | 10.8% | -16.7% | ||||||||||
YoY Change | -40.4% | -75.6% | 17.7% | -22.0% | -4.4% | -25.5% | 242.1% | -1.4% | -6.3% | ||||||||||
Adjusted EBITDA (excluding other operating income/expenses) | N/A | N/A | N/A | N/A | N/A | 448 | 80 | 69 | 82 | 53 | 284 | 62 | 64 | 65 | 50 | 241 | 65 | 60 | 61 |
QoQ Change | -13.8% | 18.8% | -35.4% | 17.0% | 3.2% | 1.6% | -23.1% | 30.0% | -7.7% | 1.7% | |||||||||
YoY Change | -36.6% | -22.5% | -7.2% | -20.7% | -5.7% | -15.1% | 4.8% | -6.3% | -6.2% |
Bezeq- the Israel Telcommunication Corp. Ltd.
&P of &N yes financial metrics
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
(NIS millions) | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 |
Key subsidiary companies (Pelephone, Bezeq International, yes - proforma) | ||||||||||||||
Key Income Statement Metrics | ||||||||||||||
Revenues | 5,733 | 1,346 | 1,313 | 1,304 | 1,344 | 5,307 | 1,262 | 1,246 | 1,275 | 1,263 | 5,046 | 1,228 | 1,168 | 1,173 |
QoQ Change | -2.5% | -0.7% | 3.1% | -6.1% | -1.3% | 2.3% | -0.9% | -2.8% | -4.9% | 0.4% | ||||
YoY Change | -7.4% | -6.2% | -5.1% | -2.2% | -6.0% | -4.9% | -2.7% | -6.3% | -8.0% | |||||
Depreciation, amortization & impairment | 803 | 280 | 283 | 288 | 321 | 1,172 | 281 | 283 | 297 | 296 | 1,157 | 269 | 267 | 265 |
QoQ Change | 1.1% | 1.8% | 11.5% | -12.5% | 0.7% | 4.9% | -0.3% | -9.1% | -0.7% | -0.7% | ||||
YoY Change | 46.0% | 0.4% | 0.0% | 3.1% | -7.8% | -1.3% | -4.3% | -5.7% | -10.8% | |||||
Salaries | 957 | 242 | 230 | 221 | 219 | 912 | 217 | 213 | 203 | 210 | 843 | 205 | 179 | 190 |
QoQ Change | -5.0% | -3.9% | -0.9% | -0.9% | -1.8% | -4.7% | 3.4% | -2.4% | -12.7% | 6.1% | ||||
YoY Change | -4.7% | -10.3% | -7.4% | -8.1% | -4.1% | -7.6% | -5.5% | -16.0% | -6.4% | |||||
Operating & general expenses | 3,570 | 793 | 786 | 764 | 827 | 3,170 | 764 | 749 | 780 | 802 | 3,095 | 748 | 725 | 753 |
QoQ Change | -0.9% | -2.8% | 8.2% | -7.6% | -2.0% | 4.1% | 2.8% | -6.7% | -3.1% | 3.9% | ||||
YoY Change | -11.2% | -3.7% | -4.7% | 2.1% | -3.0% | -2.4% | -2.1% | -3.2% | -3.5% | |||||
Other operating expenses (income), net | 12 | 4 | 7 | 9 | 14 | 34 | 43 | 10 | 48 | 280 | 381 | 1 | (16) | 283 |
Operating profit (loss) | 391 | 27 | 7 | 22 | (37) | 19 | (43) | (9) | (53) | (325) | (430) | 5 | 13 | (318) |
QoQ Change | -74.1% | 214.3% | N/M | 16.2% | N/M | N/M | 513.2% | -101.5% | 160.0% | N/M | ||||
YoY Change | -95.1% | N/M | -228.6% | N/M | 778.4% | N/M | -111.6% | -244.4% | 500.0% | |||||
Net profit (loss) - reported | (34) | 28 | 11 | 18 | (30) | 27 | (42) | (5) | (48) | (258) | (353) | 14 | 11 | (335) |
QoQ Change | -60.7% | 63.6% | N/M | 40.0% | N/M | N/M | 437.5% | -105.4% | -21.4% | N/M | ||||
YoY Change | N/M | N/M | -145.5% | N/M | 760.0% | N/M | -133.3% | -320.0% | 597.9% | |||||
ADJUSTED NET PROFIT (LOSS) | (25) | 32 | 18 | 25 | (17) | 57 | 1 | 1 | (10) | (42) | (50) | 15 | (4) | (52) |
QoQ Change | -42.9% | 38.5% | N/M | -105.8% | -37.0% | -1687.3% | N/M | -135.5% | -127.6% | 1174.5% | ||||
YoY Change | N/M | -96.8% | -96.5% | -140.1% | 139.4% | N/M | 1377.0% | -747.6% | N/M | |||||
EBITDA reported | 1,194 | 307 | 290 | 310 | 284 | 1,191 | 238 | 274 | 244 | -29 | 727 | 274 | 280 | (53) |
QoQ Change | -5.5% | 6.9% | -8.4% | -16.2% | 15.1% | -10.9% | -111.9% | -1044.8% | 2.2% | -118.9% | ||||
YoY Change | -0.3% | -22.5% | -5.5% | -21.3% | -110.2% | -39.0% | 15.1% | 2.2% | -121.7% | |||||
ADJUSTED EBITDA | 1,206 | 311 | 297 | 319 | 298 | 1,225 | 281 | 284 | 292 | 251 | 1,108 | 275 | 264 | 230 |
QoQ Change | -4.5% | 7.4% | -6.6% | -5.7% | 1.1% | 2.8% | -14.0% | 9.6% | -4.0% | -12.9% | ||||
YoY Change | 1.6% | -9.6% | -4.4% | -8.5% | -15.8% | -9.6% | -2.1% | -7.0% | -21.2% | |||||
Key Cash Flow Metrics | ||||||||||||||
Operating cash flow | 1,312 | 392 | 295 | 301 | 308 | 1,296 | 304 | 206 | 301 | 264 | 1,075 | 265 | 236 | 259 |
QoQ Change | -24.7% | 2.0% | 2.3% | -1.3% | -32.2% | 46.1% | -12.3% | 0.4% | -10.9% | 9.7% | ||||
YoY Change | -1.2% | -22.4% | -30.2% | 0.0% | -14.3% | -17.1% | -12.8% | 14.6% | -14.0% | |||||
Capital expenditures, gross (cash flow) | 687 | 162 | 209 | 178 | 185 | 734 | 160 | 191 | 181 | 128 | 660 | 136 | 147 | 166 |
QoQ Change | 29.0% | -14.8% | 3.9% | -13.5% | 19.4% | -5.2% | -29.3% | 6.3% | 8.1% | 12.9% | ||||
YoY Change | 6.8% | -1.2% | -8.6% | 1.7% | -30.8% | -10.1% | -15.0% | -23.0% | -8.3% | |||||
Capital expenditures, net (cash flow) | 682 | 162 | 209 | 173 | 184 | 728 | 160 | 189 | 181 | 128 | 658 | 136 | 146 | 166 |
QoQ Change | 29.0% | -17.2% | 6.4% | -13.0% | 18.1% | -4.2% | -29.3% | 6.3% | 7.4% | 13.7% | ||||
YoY Change | 6.7% | -1.2% | -9.6% | 4.6% | -30.4% | -9.6% | -15.0% | -22.8% | -8.3% | |||||
Lease payments (IFRS 16) | - 0 | 92 | 67 | 82 | 85 | 326 | 85 | 61 | 92 | 66 | 304 | 82 | 63 | 80 |
Free cash flow | 630 | 138 | 19 | 46 | 39 | 242 | 59 | (44) | 28 | 70 | 113 | 47 | 27 | 13 |
QoQ Change | -86.2% | 142.1% | -15.2% | 51.3% | N/M | -163.6% | 150.0% | -32.9% | -42.6% | -51.9% | ||||
YoY Change | -61.6% | -57.2% | N/M | -39.1% | 79.5% | -53.3% | -20.3% | -161.4% | -53.6% | |||||
Adjusted EBITDA - Key Subsidiary Companies | ||||||||||||||
Pelephone Adjusted EBITDA | 464 | 160 | 162 | 166 | 174 | 662 | 147 | 151 | 175 | 143 | 616 | 138 | 139 | 120 |
Bezeq International Adjusted EBITDA | 294 | 71 | 66 | 71 | 71 | 279 | 72 | 69 | 52 | 58 | 251 | 72 | 65 | 49 |
yes Adjusted EBITDA | 448 | 80 | 69 | 82 | 53 | 284 | 62 | 64 | 65 | 50 | 241 | 65 | 60 | 61 |
Total Adjusted EBITDA | 1,206 | 311 | 297 | 319 | 298 | 1,225 | 281 | 284 | 292 | 251 | 1,108 | 275 | 264 | 230 |
Adjusted Net Profit - Key Subsidiary Companies | ||||||||||||||
Pelephone Adjusted Net Profit | 102 | 9 | 8 | 11 | 3 | 31 | 2 | 4 | 20 | (10) | 16 | (1) | (2) | (12) |
Bezeq International Adjusted Net Profit | 117 | 20 | 13 | 16 | 9 | 57 | 20 | 16 | 3 | 2 | 41 | 22 | 21 | (23) |
yes Adjusted Net Profit | (244) | 3 | (3) | (2) | (29) | (31) | (21) | (20) | (33) | (33) | (107) | (6) | (23) | (17) |
Total Adjusted Net Profit | (25) | 32 | 18 | 25 | (17) | 57 | 1 | 1 | (11) | (41) | (50) | 15 | (4) | (52) |
Bezeq - The Israel Telecommunication Corp. Ltd.
&P of &N Total subs financial metrics
Oct 1, 2020- | Jan 1, 2021- | Jan 1, 2022- | |
NIS Millions | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
Bezeq Fixed-Line - Cash Flow Forecast | |||
Cash and cash equivalents at the beginning of the period | 606 | 846 | 1,260 |
Sources | |||
Net cash from operating activities | 516 | 1,970 | 2,101 |
Proceeds from the sale of property, plant and equipment | 173 | 150 | 7 |
Proceeds from redemption of bank and other deposits | 636 | 636 | - |
Miscellaneous | 55 | 4 | 3 |
Cash flows from investing activities | 864 | 790 | 10 |
Debenture issuance and new loans | - 0 | 700* | 850* |
Cash flows from financing activities | - 0 | 700 | 850 |
Total | 1,380 | 3,460 | 2,961 |
Loans from investees | 15 | 85 | 130 |
Repayment of loans to investees | 16 | - | - |
Miscellaneous | 9 | 22 | - |
Total cash from investees | 40 | 107 | 130 |
TOTAL SOURCES | 1,420 | 3,567 | 3,091 |
Uses | |||
Acquisition of fixed assets and investment in intangible assets | (244) | (1,131) | (1,089) |
Investment in bank and other deposits | (29) | - | - |
Miscellaneous | 0 | - | - |
Cash used in investing activities | (273) | (1,131) | (1,089) |
Repayment of bank loans | (118) | (762)* | (306)* |
Repayment of public debentures | (555) | (552) | (871) |
Repayment of private debentures and non-bank credit | (21) | (98) | (77) |
Principal and interest payments on leases | (22) | (115) | (115) |
Interest payments and other finance expenses | (149) | (289) | (278) |
Miscellaneous | (14) | (40) | (48) |
Cash used in financing activities | (879) | (1,856) | (1,695) |
Total | (1,152) | (2,987) | (2,784) |
Investment in a subsidiary | - | (130) | (130) |
Interest payment | (28) | (36) | (39) |
Loans to subsidaries | - | - | - |
Repayment of loans from subsidiaries | - | - | (130) |
Total cash used in investees | (28) | (166) | (299) |
TOTAL USES | (1,180) | (3,153) | (3,083) |
Cash and cash equivalents at the end of the period | 846 | 1,260 | 1,268 |
*The forecasts for the issuance and repayment of debt as well as the early repayment of bank loans, assumes the continuation of the Company's plan to extend debt maturities in the years 2021-2022. The timing of the early repayments is an estimation and may change between years. |
Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N Fixed-Line Cash Flow Forecast
FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | |
2007 | 2008 | 2008 | 2008 | 2008 | 2008 | 2009 | 2009 | 2009 | 2009 | 2009 | 2010 | 2010 | 2010 | 2010 | 2010 | 2011 | 2011 | 2011 | 2011 | 2011 | 2012 | 2012 | 2012 | 2012 | 2012 | 2013 | 2013 | 2013 | 2013 | 2013 | 2014 | 2014 | 2014 | 2014 | 2014 | 2015 | 2015 | 2015 | 2015 | 2015 | 2016 | 2016 | 2016 | 2016 | 2016 | 2017 | 2017 | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2019 | 2019 | 2019 | 2019 | 2019 | 2020 | 2020 | 2020 | |
Bezeq Fixed-Line | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Key Performance Indicators | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total outgoing minutes (in millions) | 14,711 | 3,473 | 3,306 | 3,379 | 3,103 | 13,260 | 3,077 | 2,972 | 3,051 | 2,917 | 12,017 | 2,732 | 2,717 | 2,629 | 2,621 | 10,699 | 2,521 | 2,415 | 2,482 | 2,339 | 9,758 | 2,360 | 2,228 | 2,127 | 1,979 | 8,694 | 1,788 | 1,805 | 1,712 | 1,742 | 7,047 | 1,608 | 1,522 | 1,588 | 1,482 | 6,200 | 1,459 | 1,396 | 1,373 | 1,379 | 5,607 | 1,316 | 1,257 | 1,297 | 1,136 | 5,006 | 1,177 | 1,098 | 1,132 | 1,068 | 4,475 | 1,055 | 1,010 | 960 | 989 | 4,014 | 926 | 865 | 888 | 820 | 3,499 | 883 | 1,079 | 1,019 |
QoQ Change | -4.8% | 2.2% | -8.2% | -0.8% | -3.4% | 2.7% | -4.4% | -6.3% | -0.5% | -3.2% | -0.3% | -3.8% | -4.2% | 2.8% | -5.8% | 0.9% | -5.6% | -4.5% | -7.0% | -9.7% | 1.0% | -5.2% | 1.8% | -7.7% | -5.3% | 4.3% | -6.7% | -1.6% | -4.3% | -1.6% | 0.4% | -4.6% | -4.5% | 3.2% | -12.4% | 3.6% | -6.7% | 3.1% | -5.7% | -1.2% | -4.3% | -5.0% | 3.0% | -6.4% | -6.6% | 2.7% | -7.7% | 7.7% | 22.2% | -5.6% | ||||||||||||||
YoY Change | -9.9% | -11.4% | -10.1% | -9.7% | -6.0% | -9.4% | -11.2% | -8.6% | -13.8% | -10.1% | -11.0% | -7.7% | -11.1% | -5.6% | -10.8% | -8.8% | -6.4% | -7.7% | -14.3% | -15.4% | -10.9% | -24.2% | -19.0% | -19.5% | -12.0% | -18.9% | -10.1% | -15.7% | -7.2% | -14.9% | -12.0% | -9.3% | -8.3% | -13.5% | -7.0% | -9.6% | -9.8% | -10.0% | -5.5% | -17.6% | -10.7% | -10.6% | -12.6% | -12.7% | -6.0% | -10.6% | -10.4% | -8.0% | -15.2% | -7.4% | -10.3% | -12.2% | -14.4% | -7.5% | -17.1% | -12.8% | -4.6% | 24.7% | 14.8% | |||||
Total incoming minutes (in millions) | 6,411 | 1,673 | 1,651 | 1,719 | 1,648 | 6,691 | 1,654 | 1,659 | 1,731 | 1,674 | 6,718 | 1,623 | 1,634 | 1,646 | 1,644 | 6,547 | 1,577 | 1,535 | 1,602 | 1,526 | 6,240 | 1,543 | 1,516 | 1,595 | 1,571 | 6,225 | 1,503 | 1,550 | 1,521 | 1,541 | 6,115 | 1,467 | 1,424 | 1,498 | 1,440 | 5,829 | 1,429 | 1,386 | 1,410 | 1,403 | 5,628 | 1,348 | 1,314 | 1,383 | 1,252 | 5,297 | 1,281 | 1,220 | 1,266 | 1,205 | 4,972 | 1,191 | 1,151 | 1,125 | 1,160 | 4,627 | 1,090 | 1,056 | 1,099 | 1,046 | 4,291 | 1,120 | 1,293 | 1,368 |
QoQ Change | -1.3% | 4.1% | -4.1% | 0.4% | 0.3% | 4.3% | -3.3% | -3.0% | 0.7% | 0.7% | -0.1% | -4.1% | -2.7% | 4.4% | -4.7% | 1.1% | -1.7% | 5.2% | -1.5% | -4.3% | 3.1% | -1.9% | 1.3% | -4.8% | -2.9% | 5.2% | -3.9% | -0.8% | -3.0% | 1.7% | -0.5% | -3.9% | -2.5% | 5.3% | -9.5% | 2.3% | -4.8% | 3.8% | -4.8% | -1.2% | -3.4% | -2.3% | 3.1% | -6.0% | -3.1% | 4.1% | -4.8% | 7.1% | 15.4% | 5.8% | ||||||||||||||
YoY Change | 4.4% | -1.1% | 0.5% | 0.7% | 1.6% | 0.4% | -1.9% | -1.5% | -4.9% | -1.8% | -2.5% | -2.8% | -6.1% | -2.7% | -7.2% | -4.7% | -2.2% | -1.2% | -0.4% | 2.9% | -0.2% | -2.6% | 2.2% | -4.6% | -1.9% | -1.8% | -2.4% | -8.1% | -1.5% | -6.6% | -4.7% | -2.6% | -2.7% | -5.9% | -2.6% | -3.4% | -5.7% | -5.2% | -1.9% | -10.8% | -5.9% | -5.0% | -7.2% | -8.5% | -3.8% | -6.1% | -7.0% | -5.7% | -11.1% | -3.7% | -6.9% | -8.5% | -8.3% | -2.3% | -9.8% | -7.3% | 2.8% | 22.4% | 24.5% | |||||
-1400.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total access lines (in 000's) | 2,749 | 2,701 | 2,670 | 2,634 | 2,604 | 2,604 | 2,571 | 2,540 | 2,513 | 2,483 | 2,483 | 2,454 | 2,422 | 2,394 | 2,366 | 2,366 | 2,358 | 2,356 | 2,363 | 2,367 | 2,367 | 2,368 | 2,335 | 2,299 | 2,268 | 2,268 | 2,242 | 2,224 | 2,223 | 2,216 | 2,216 | 2,214 | 2,205 | 2,205 | 2,205 | 2,205 | 2,125 | 2,117 | 2,103 | 2,087 | 2,087 | 2,068 | 2,050 | 2,031 | 2,010 | 2,010 | 1,986 | 1,961 | 1,942 | 1,916 | 1,916 | 1,889 | 1,865 | 1,843 | 1,818 | 1,818 | 1,792 | 1,768 | 1,743 | 1,718 | 1,718 | 1,693 | 1,675 | 1,653 |
QoQ Change | -1.1% | -1.3% | -1.1% | -1.3% | -1.2% | -1.1% | -1.2% | -1.2% | -1.3% | -1.2% | -1.2% | -0.3% | -0.1% | 0.3% | 0.2% | 0.0% | -1.4% | -1.5% | -1.3% | -1.1% | -0.8% | -0.0% | -0.3% | -0.1% | -0.4% | 0.0% | 0.0% | -3.6% | -0.4% | -0.7% | -0.8% | -0.9% | -0.9% | -0.9% | -1.0% | -1.2% | -1.3% | -1.0% | -1.3% | -1.4% | -1.3% | -1.2% | -1.4% | -1.4% | -1.3% | -1.4% | -1.4% | -1.5% | -1.1% | -1.3% | ||||||||||||||
YoY Change | -5.3% | -4.8% | -4.9% | -4.6% | -4.6% | -4.6% | -4.6% | -4.6% | -4.7% | -4.7% | -4.7% | 15.0% | -2.7% | -1.3% | 0.0% | 0.0% | 0.4% | -0.9% | -2.7% | -4.2% | -4.2% | -5.3% | -4.8% | -3.3% | -2.3% | -2.3% | -1.2% | -0.9% | -0.8% | -0.5% | -0.5% | -4.0% | -4.0% | -4.6% | -5.4% | -5.4% | -2.7% | -3.2% | -3.4% | -3.7% | -3.7% | -4.0% | -4.3% | -4.4% | -4.7% | -4.7% | -4.9% | -4.9% | -5.1% | -5.1% | -5.1% | -5.1% | -5.2% | -5.4% | -5.5% | -5.5% | -5.5% | -5.3% | -5.2% | |||||
QoQ Line change (000's) | (145) | (121) | (117) | 1 | (99) | (52) | (11) | -8 | -14 | -16 | (118) | (19) | (18) | (19) | (21) | (77) | (24) | (25) | (19) | (26) | (94) | (27) | (24) | (22) | (25) | (98) | (26) | (24) | (25) | (25) | (100) | (25) | (18) | (22) | ||||||||||||||||||||||||||||||
Average revenue per line (ARPL) (in NIS) | N/A | 114 | 109 | 113 | 109 | 111 | 108 | 108 | 111 | 110 | 109 | 106 | 109 | 109 | 111 | 109 | 87 | 86 | 87 | 78 | 85 | 83 | 81 | 80 | 78 | 81 | 75 | 75 | 73 | 70 | 74 | 64 | 63 | 63 | 62 | 63 | 60 | 59 | 59 | 59 | 59 | 58 | 57 | 57 | 55 | 57 | 56 | 54 | 54 | 53 | 54 | 53 | 52 | 51 | 51 | 52 | 50 | 49 | 49 | 48 | 49 | 48 | 51 | 51 |
QoQ Change | -4.4% | 3.7% | -3.5% | -0.9% | 0.0% | 2.8% | -0.9% | -3.6% | 2.8% | 0.0% | 1.8% | -21.6% | -1.1% | 1.2% | -10.3% | 6.4% | -2.4% | -1.2% | -2.5% | -3.8% | 0.0% | -2.7% | -4.1% | -8.6% | -1.6% | 0.0% | -1.6% | -3.2% | -1.7% | 0.0% | 0.0% | -1.7% | -1.7% | 0.0% | -3.5% | 1.8% | -3.6% | 0.0% | -1.9% | 0.0% | -1.9% | -1.9% | 0.0% | -2.0% | -2.0% | 0.0% | -2.0% | 0.0% | 6.3% | 0.0% | ||||||||||||||
YoY Change | -5.3% | -0.9% | -1.8% | 0.9% | -1.8% | -1.9% | 0.9% | -1.8% | 0.9% | 0.0% | -17.9% | -21.1% | -20.2% | -29.7% | -22.0% | -4.6% | -5.8% | -8.0% | 0.0% | -4.7% | -9.6% | -7.4% | -8.8% | -10.3% | -8.6% | -14.7% | -16.0% | -13.7% | -11.4% | -14.9% | -6.3% | -6.3% | -6.3% | -4.8% | -6.3% | -3.3% | -3.4% | -3.4% | -6.8% | -3.4% | -3.4% | -5.3% | -5.3% | -3.6% | -5.3% | -5.4% | -3.7% | -5.6% | -3.8% | -3.7% | -5.7% | -5.8% | -3.9% | -5.9% | -5.8% | -4.0% | 4.1% | 4.1% | ||||||
ARPL - Voice & fixed fees (in NIS) | 87 | 85 | 82 | 85 | 82 | 83 | 82 | 81 | 83 | 83 | 82 | 80 | 81 | 82 | 83 | 81 | 79 | 77 | 78 | 70 | 76 | 74 | 73 | 73 | 71 | 73 | 69 | 68 | 67 | 64 | 67 | 69 | 68 | 68 | 64 | -586 | 69 | 68 | 68 | 64 | -586 | 69 | 68 | 68 | 64 | -586 | 69 | 69 | 69 | 64 | -586 | 69 | 69 | 69 | 64 | -586 | 69 | 69 | 70 | 64 | -586 | 69 | 69 | 69 |
QoQ Change | -3.5% | 3.7% | -3.5% | 0.0% | -1.2% | 2.5% | 0.0% | -3.6% | 1.3% | 1.2% | 1.2% | -4.8% | -2.5% | 1.3% | -10.3% | 5.7% | -1.4% | 0.0% | -2.7% | -2.8% | -1.4% | -1.5% | -4.5% | 7.8% | -1.4% | 0.0% | -5.9% | 7.8% | -1.4% | 0.0% | -5.9% | 7.8% | -1.4% | 0.0% | -5.9% | 7.8% | -111.8% | 0.0% | -7.2% | 7.8% | -111.8% | 0.0% | -7.2% | 7.8% | -111.8% | 1.4% | -8.6% | 7.8% | -111.8% | 0.0% | ||||||||||||||
BE Router (in thousands) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 100 | 100 | 159 | 215 | 272 | 321 | 321 | 378 | 433 | 487 | ||||||||||
Bspot and Be Mesh (in thousands) | 60 | 77 | 100 | 116 | 116 | 144 | 177 | 218 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Churn rate (telephony) | 9.5% | 3.7% | 2.8% | 3.1% | 2.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.3% | 2.8% | 2.8% | 2.8% | 11.6% | 3.2% | 3.9% | 4.2% | 4.0% | 15.3% | 3.7% | 3.5% | 2.8% | 3.1% | 13.1% | 3.0% | 2.8% | 2.8% | 2.5% | 11.1% | 2.4% | 2.4% | 2.6% | 2.7% | 10.1% | 2.8% | 2.4% | 2.6% | 2.4% | 10.2% | 2.7% | 2.4% | 2.3% | 2.4% | 9.8% | 3.0% | 2.8% | 2.7% | 3.1% | 11.6% | 3.0% | 2.7% | 3.0% | 2.9% | 11.7% | 3.2% | 2.7% | 3.4% |
Broadband Internet lines (in 000's)- Total | 963 | 970 | 982 | 994 | 1,005 | 1,005 | 1,011 | 1,016 | 1,026 | 1,035 | 1,035 | 1,045 | 1,051 | 1,056 | 1,066 | 1,066 | 1,079 | 1,088 | 1,100 | 1,111 | 1,111 | 1,121 | 1,136 | 1,153 | 1,169 | 1,169 | 1,185 | 1,202 | 1,230 | 1,263 | 1,263 | 1,289 | 1,308 | 1,335 | 1,364 | 1,364 | 1,390 | 1,418 | 1,448 | 1,479 | 1,479 | 1,503 | 1,521 | 1,539 | 1,558 | 1,558 | 1,580 | 1,593 | 1,608 | 1,635 | 1,635 | 1,653 | 1,662 | 1,663 | 1,656 | 1,656 | 1,635 | 1,613 | 1,589 | 1,575 | 1,575 | 1,566 | 1,571 | 1,565 |
QoQ Change | 1.2% | 1.2% | 1.1% | 0.6% | 0.5% | 1.0% | 0.9% | 1.0% | 0.6% | 0.5% | 0.9% | 1.2% | 0.8% | 1.1% | 1.0% | 0.9% | 1.3% | 1.5% | 1.4% | 1.4% | 1.4% | 2.3% | 2.7% | 2.1% | 1.5% | 2.1% | 2.2% | 1.9% | 2.0% | 2.1% | 2.1% | 1.6% | 1.2% | 1.2% | 1.2% | 1.4% | 0.8% | 0.9% | 1.7% | 1.1% | 0.5% | 0.1% | -0.4% | -1.3% | -1.3% | -1.5% | -0.9% | -0.6% | 0.3% | -0.4% | ||||||||||||||
YoY Change | 4.4% | 4.2% | 3.5% | 3.2% | 3.0% | 3.0% | 3.4% | 3.4% | 2.9% | 3.0% | 3.0% | 3.3% | 3.5% | 4.2% | 4.2% | 4.2% | 3.9% | 4.4% | 4.8% | 5.2% | 5.2% | 5.7% | 5.8% | 6.7% | 8.0% | 8.0% | 8.8% | 8.8% | 8.5% | 8.0% | 8.0% | 7.8% | 8.4% | 8.5% | 8.4% | 8.4% | 8.1% | 7.3% | 6.3% | 5.3% | 5.3% | 5.1% | 4.7% | 4.5% | 4.9% | 4.9% | 4.6% | 4.3% | 3.4% | 1.3% | 1.3% | -1.1% | -2.9% | -4.4% | -4.9% | -4.9% | -4.2% | -2.6% | -1.5% | |||||
QoQ Line change (000's) | 42 | 30 | 31 | 45 | 58 | 94 | 101 | 28 | 30 | 31 | 115 | 24 | 18 | 18 | 19 | 79 | 22 | 13 | 15 | 27 | 77 | 18 | 9 | 1 | (7) | 21 | (21) | (22) | (24) | (14) | (81) | (9) | 5 | (6) | ||||||||||||||||||||||||||||||
Broadband Internet lines (in 000's)-Wholesale | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11 | 78 | 177 | 244 | 244 | 290 | 323 | 347 | 377 | 377 | 414 | 444 | 484 | 532 | 532 | 574 | 600 | 617 | 626 | 626 | 624 | 612 | 601 | 592 | 592 | 584 | 580 | 570 |
QoQ Change | 609.1% | 126.9% | 37.9% | 18.9% | 11.4% | 7.4% | 8.6% | 9.8% | 7.2% | 9.0% | 9.9% | 7.9% | 4.5% | 2.8% | 1.5% | -0.3% | -1.9% | -1.8% | -1.5% | -1.4% | -0.7% | -1.7% | ||||||||||||||||||||||||||||||||||||||||||
YoY Change | 2536.4% | 314.1% | 96.0% | 54.5% | 42.8% | 37.5% | 39.5% | 41.1% | 41.1% | 38.6% | 35.1% | 27.5% | 17.7% | 17.7% | 8.7% | 2.0% | -2.6% | -5.4% | -5.4% | -6.4% | -5.2% | -5.2% | ||||||||||||||||||||||||||||||||||||||||||
QoQ Line change (000's) | 67 | 99 | 67 | 46 | 33 | 24 | 30 | 133 | 37 | 30 | 40 | 48 | 155 | 42 | 26 | 17 | 9 | 94 | (2) | (12) | (11) | (9) | (34) | (8) | (4) | (10) | ||||||||||||||||||||||||||||||||||||||
Wholesale lines as % of total broadband lines | 0.8% | 5.5% | 12.2% | 16.5% | 16.5% | 19.3% | 21.2% | 22.5% | 24.2% | 24.2% | 26.2% | 27.9% | 30.1% | 32.5% | 32.5% | 34.7% | 36.1% | 37.1% | 37.8% | 37.8% | 38.2% | 37.9% | 37.8% | 37.6% | 37.6% | 37.3% | 36.9% | 36.4% | ||||||||||||||||||||||||||||||||||||
Broadband Internet lines (in 000's) - Retail | 963 | 970 | 982 | 994 | 1,005 | 1,005 | 1,011 | 1,016 | 1,026 | 1,035 | 1,035 | 1,045 | 1,051 | 1,056 | 1,066 | 1,066 | 1,079 | 1,088 | 1,100 | 1,111 | 1,111 | 1,121 | 1,136 | 1,153 | 1,169 | 1,169 | 1,185 | 1,202 | 1,230 | 1,263 | 1,263 | 1,289 | 1,308 | 1,335 | 1,364 | 1,364 | 1,379 | 1,340 | 1,271 | 1,235 | 1,235 | 1,213 | 1,198 | 1,192 | 1,181 | 1,181 | 1,166 | 1,149 | 1,124 | 1,103 | 1,103 | 1,079 | 1,062 | 1,046 | 1,030 | 1,030 | 1,011 | 1,001 | 988 | 983 | 983 | 982 | 991 | 995 |
QoQ Change | 1.2% | 1.2% | 1.1% | 0.6% | 0.5% | 1.0% | 0.9% | 1.0% | 0.6% | 0.5% | 0.9% | 1.2% | 0.8% | 1.1% | 1.0% | 0.9% | 1.3% | 1.5% | 1.4% | 1.4% | 1.4% | 2.3% | 2.7% | 2.1% | 1.5% | 2.1% | 2.2% | 1.1% | -2.8% | -5.1% | -2.8% | -1.8% | -1.2% | -0.5% | -0.9% | -1.3% | -1.5% | -2.2% | -1.9% | -2.2% | -1.6% | -1.5% | -1.5% | -1.8% | -1.0% | -1.3% | -0.5% | -0.1% | 0.9% | 0.4% | ||||||||||||||
YoY Change | 4.4% | 4.2% | 3.5% | 3.2% | 3.0% | 3.0% | 3.4% | 3.4% | 2.9% | 3.0% | 3.0% | 3.3% | 3.5% | 4.2% | 4.2% | 4.2% | 3.9% | 4.4% | 4.8% | 5.2% | 5.2% | 5.7% | 5.8% | 6.7% | 8.0% | 8.0% | 8.8% | 8.8% | 8.5% | 8.0% | 8.0% | 7.0% | 2.4% | -4.8% | -9.5% | -9.5% | -12.0% | -10.6% | -6.2% | -4.4% | -4.4% | -3.9% | -4.1% | -5.7% | -6.6% | -6.6% | -7.5% | -7.6% | -6.9% | -6.6% | -6.6% | -6.3% | -5.7% | -5.5% | -4.6% | -4.6% | -2.9% | -1.0% | 0.7% | |||||
QoQ Line change (000's) | 42 | 30 | 31 | 45 | 58 | 94 | 101 | -39 | -69 | -36 | (129) | (22) | (15) | (6) | (11) | (54) | (15) | (17) | (25) | (21) | (78) | (24) | (17) | (16) | (16) | (73) | (19) | (10) | (13) | (5) | (47) | (1) | 9 | 4 | ||||||||||||||||||||||||||||||
Broadband Internet ARPU (in NIS) - Retail | 64 | 68 | 66 | 67 | 66 | 67 | 67 | 67 | 70 | 70 | 69 | 73 | 72 | 76 | 78 | 75 | 79 | 80 | 81 | 81 | 80 | 84 | 80 | 80 | 80 | 81 | 83 | 85 | 86 | 82 | 84 | 82 | 84 | 85 | 85 | 84 | 87 | 88 | 88 | 88 | 88 | 90 | 90 | 88 | 90 | 89 | 90 | 90 | 90 | 92 | 90 | 92 | 93 | 93 | 96 | 93 | 96 | 97 | 98 | 98 | 97 | 98 | 98 | 100 |
QoQ Change | -2.9% | 1.5% | -1.5% | 1.5% | 0.0% | 4.5% | 0.0% | 4.3% | -1.4% | 5.6% | 2.6% | 1.3% | 1.3% | 1.3% | 0.0% | 3.7% | -4.8% | 0.0% | 0.0% | 3.8% | 2.4% | 1.2% | -4.7% | 0.0% | 2.4% | 1.2% | 0.0% | 2.4% | 1.1% | 0.0% | 0.0% | 2.3% | 0.0% | -2.2% | 2.3% | 0.0% | 0.0% | 0.0% | 2.2% | 0.0% | 1.1% | 0.0% | 3.2% | 0.0% | 1.0% | 1.0% | 0.0% | 0.0% | 0.0% | 2.0% | ||||||||||||||
YoY Change | 4.7% | -1.5% | 1.5% | 4.5% | 6.1% | 3.0% | 9.0% | 7.5% | 8.6% | 11.4% | 8.7% | 8.2% | 11.1% | 6.6% | 3.8% | 6.7% | 6.3% | 0.0% | -1.2% | -1.2% | 1.3% | -1.2% | 6.3% | 7.5% | 2.5% | 3.7% | -1.2% | -1.2% | -1.2% | 3.7% | 0.0% | 6.1% | 4.8% | 3.5% | 3.5% | 4.8% | 3.4% | 2.3% | 0.0% | 2.3% | 1.1% | 0.0% | 0.0% | 2.3% | 2.2% | 1.1% | 2.2% | 3.3% | 3.3% | 4.3% | 3.3% | 4.3% | 4.3% | 5.4% | 2.1% | 4.3% | 2.1% | 1.0% | 2.0% | |||||
Average broadband speed per subscriber (end of period, Mbps) | 1.7 | 1.9 | 2.0 | 2.1 | 2.2 | 2.2 | 2.3 | 2.4 | 2.5 | 2.7 | 2.7 | 3.0 | 3.4 | 3.8 | 4.3 | 4.3 | 4.8 | 5.3 | 6.0 | 6.7 | 6.7 | 7.5 | 8.3 | 9.0 | 9.6 | 9.6 | 10.4 | 15.2 | 17.3 | 18.1 | 18.1 | 20.0 | 21.9 | 24.0 | 32.5 | 32.5 | 33.2 | 34.9 | 36.7 | 37.8 | 37.8 | 38.9 | 40.2 | 41.8 | 43.4 | 43.4 | 45.1 | 47.2 | 49.5 | 51.5 | 51.5 | 53.5 | 55.4 | 57.4 | 59.1 | 59.1 | 61.5 | 64.0 | 66.2 | 67.8 | 67.8 | 69.1 | 70.4 | 71.6 |
QoQ Change | 5.3% | 5.0% | 4.8% | 4.5% | 4.3% | 4.2% | 8.0% | 11.1% | 13.3% | 11.8% | 13.2% | 11.6% | 10.4% | 13.2% | 11.7% | 11.9% | 10.7% | 8.4% | 6.7% | 8.3% | 46.2% | 13.8% | 4.6% | 10.5% | 9.5% | 9.6% | 35.4% | 2.2% | 5.1% | 5.2% | 3.0% | 2.9% | 3.3% | 4.0% | 3.8% | 3.9% | 4.7% | 4.9% | 4.0% | 3.9% | 3.6% | 3.6% | 2.9% | 4.1% | 4.1% | 3.4% | 2.4% | 1.9% | 1.9% | 1.7% | ||||||||||||||
YoY Change | 29.4% | 21.1% | 20.0% | 19.0% | 22.7% | 22.7% | 30.4% | 41.7% | 52.0% | 59.3% | 59.3% | 60.0% | 55.9% | 57.9% | 55.8% | 55.8% | 56.3% | 56.6% | 50.0% | 43.3% | 43.3% | 38.7% | 83.1% | 92.2% | 88.5% | 88.5% | 92.3% | 44.1% | 38.7% | 79.6% | 79.6% | 66.0% | 59.4% | 52.9% | 16.3% | 16.3% | 17.2% | 15.2% | 13.9% | 14.8% | 14.8% | 15.9% | 17.4% | 18.4% | 18.7% | 18.7% | 18.6% | 17.4% | 16.0% | 14.8% | 14.8% | 15.0% | 15.5% | 15.3% | 14.7% | 14.7% | 12.4% | 10.0% | 8.2% | |||||
Number of employees | 7,614 | N/A | N/A | N/A | N/A | 7,530 | N/A | N/A | N/A | N/A | 7,364 | N/A | N/A | N/A | N/A | 7,216 | N/A | N/A | N/A | N/A | 7,076 | N/A | N/A | N/A | N/A | 7,422 | N/A | N/A | 6,576 | 6,479 | 6,479 | N/A | N/A | N/A | 5,964 | 5,964 | N/A | N/A | N/A | 5,896 | 5,896 | N/A | N/A | N/A | 5,649 | 5,649 | N/A | N/A | N/A | 5,582 | 5,582 | N/A | N/A | N/A | 5,494 | 5,494 | 5,358 | N/A | N/A | 5,256 | 5,256 | N/A | N/A | N/A |
YoY Change | -1.1% | -2.2% | -2.0% | -1.9% | 4.9% | -12.7% | -7.9% | -1.1% | -4.2% | -1.2% | -1.6% | -4.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Market share - Internet | N/A | N/A | 59% | 59% | 59% | 60% | 63% | N/A | N/A | N/A | N/A | 66% | N/A | N/A | N/A | N/A | 68% | N/A | N/A | N/A | N/A | 69% | N/A | N/A | N/A | N/A | 70% | N/A | N/A | N/A | N/A | 69% | N/A | N/A | N/A | N/A | 63% | N/A | N/A | N/A | ||||||||||||||||||||||||
Market share - telephony (private sector) | N/A | N/A | 72% | 65% | 63% | 59% | 57% | N/A | N/A | N/A | N/A | 56% | N/A | N/A | N/A | N/A | 56% | N/A | N/A | N/A | N/A | 55% | N/A | N/A | N/A | N/A | 53% | N/A | N/A | N/A | N/A | 52% | N/A | N/A | N/A | N/A | 53% | N/A | N/A | N/A | ||||||||||||||||||||||||
Market share - telephony (business sector) | N/A | N/A | 82% | 78% | 76% | 75% | 74% | N/A | N/A | N/A | N/A | 74% | N/A | N/A | N/A | N/A | 74% | N/A | N/A | N/A | N/A | 73% | N/A | N/A | N/A | N/A | 72% | N/A | N/A | N/A | N/A | 71% | N/A | N/A | N/A | N/A | 71% | N/A | N/A | N/A | ||||||||||||||||||||||||
Pelephone | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Key Performance Indicators | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Subscribers (EOP, in 000's) | 2,622 | 2,595 | 2,636 | 2,698 | 2,649 | 2,649 | 2,669 | 2,694 | 2,721 | 2,766 | 2,766 | 2,789 | 2,807 | 2,825 | 2,857 | 2,857 | 2,861 | 2,827 | 2,842 | 2,847 | 2,847 | 2,876 | 2,859 | 2,839 | 2,800 | 2,800 | 2,741 | 2,702 | 2,683 | 2,642 | 2,642 | 2,631 | 2,610 | 2,600 | 2,586 | 2,586 | 2,565 | 2,566 | 2,569 | 2,651 | 2,651 | 2,692 | 2,260 | 2,348 | 2,402 | 2,402 | 2,430 | 2,410 | 2,475 | 2,525 | 2,525 | 2,546 | 2,601 | 2,185 | 2,205 | 2,205 | 2,224 | 2,263 | 2,310 | 2,336 | 2,336 | 2,367 | 2,376 | 2,406 |
QoQ Change | 1.6% | 2.4% | -1.8% | 0.8% | 0.9% | 1.0% | 1.7% | 0.8% | 0.6% | 0.6% | 1.1% | 0.1% | -1.2% | 0.5% | 0.2% | 1.0% | -0.6% | -0.7% | -1.4% | -2.1% | -1.4% | -0.7% | -1.5% | -0.4% | -0.8% | -0.4% | -0.5% | -0.8% | 0.0% | 0.1% | 3.2% | 1.5% | -16.0% | 3.9% | 2.3% | 1.2% | -0.8% | 2.7% | 2.0% | 0.8% | 2.2% | -16.0% | 0.9% | 0.9% | 1.8% | 2.1% | 1.1% | 1.3% | 0.4% | 1.3% | ||||||||||||||
YoY Change | 1.0% | 2.9% | 2.2% | 0.9% | 4.4% | 4.4% | 4.5% | 4.2% | 3.8% | 3.3% | 3.3% | 2.6% | 0.7% | 0.6% | -0.4% | -0.4% | 0.5% | 1.1% | -0.1% | -1.7% | -1.7% | -4.7% | -5.5% | -5.5% | -5.6% | -5.6% | -4.0% | -3.4% | -3.1% | -2.1% | -2.1% | -2.5% | -1.7% | -1.2% | 2.5% | 2.5% | 5.0% | -11.9% | -8.6% | -9.4% | -9.4% | -9.7% | 6.6% | 5.4% | 5.1% | 5.1% | 4.8% | 7.9% | -11.7% | -12.7% | -12.7% | -12.6% | -13.0% | 5.7% | 5.9% | 5.9% | 6.4% | 5.0% | 4.2% | |||||
QoQ subscriber change (000's) | 91 | (10) | (47) | (158) | (56) | 1 | 3 | 82 | 65 | 41 | (432) | 88 | 54 | (249) | 28 | (20) | 65 | 50 | 123 | 21 | 55 | (416) | 20 | (320) | 19 | 39 | 47 | 26 | 131 | 31 | 9 | 30 | ||||||||||||||||||||||||||||||||
Postpaid Subscribers (EOP, in 000's) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1,750 | 1,750 | N/A | N/A | N/A | 1,726 | 1,726 | N/A | N/A | N/A | 1,669 | 1,669 | 1,659 | 1,663 | 1,697 | 1,729 | 1,729 | 1,760 | 1,800 | 1,817 | 1,831 | 1,831 | 1,842 | 1,866 | 1,895 | 1,911 | 1,911 | 1,939 | 1,959 | 1,986 |
QoQ Change | -0.6% | 0.2% | 2.0% | 1.9% | 1.8% | 2.3% | 0.9% | 0.8% | 0.6% | 1.3% | 1.6% | 0.8% | 1.5% | 1.0% | 1.4% | |||||||||||||||||||||||||||||||||||||||||||||||||
YoY Change | -1.4% | -1.4% | -3.3% | -3.3% | 3.6% | 6.1% | 8.2% | 7.1% | 5.9% | 4.7% | 3.7% | 4.3% | 4.4% | 5.3% | 5.0% | 4.8% | ||||||||||||||||||||||||||||||||||||||||||||||||
QoQ subscriber change (000's) | (24) | (57) | (10) | 4 | 34 | 32 | 60 | 31 | 40 | 17 | 14 | 102 | 11 | 24 | 29 | 16 | 80 | 28 | 20 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Prepaid Subscribers (EOP, in 000's) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 836 | 836 | N/A | N/A | N/A | 925 | 925 | N/A | N/A | N/A | 733 | 733 | 771 | 747 | 778 | 796 | 796 | 786 | 801 | 368 | 374 | 374 | 382 | 397 | 415 | 425 | 425 | 428 | 417 | 420 |
QoQ Change | 5.2% | -3.1% | 4.1% | 2.3% | -1.3% | 1.9% | -54.1% | 1.6% | 2.1% | 3.9% | 4.5% | 2.4% | 0.7% | -2.6% | 0.7% | |||||||||||||||||||||||||||||||||||||||||||||||||
YoY Change | 10.6% | -20.8% | -20.8% | 8.6% | 8.6% | 1.9% | 7.2% | -52.7% | -53.0% | -53.0% | -51.4% | -50.4% | 12.8% | 13.6% | 13.6% | 12.0% | 5.0% | 1.2% | ||||||||||||||||||||||||||||||||||||||||||||||
QoQ subscriber change (000's) | 89 | (192) | 38 | (24) | 31 | 18 | 63 | (10) | 15 | (433) | 6 | (422) | 8 | 15 | 18 | 10 | 51 | 3 | (11) | 3 | ||||||||||||||||||||||||||||||||||||||||||||
ARPU (in NIS) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 110 | 111 | 113 | 109 | 111 | 110 | 109 | 107 | 100 | 107 | 97 | 99 | 95 | 89 | 95 | 86 | 85 | 88 | 86 | 86 | 80 | 79 | 78 | 75 | 78 | 65 | 65 | 68 | 60 | 64 | 57 | 68 | 68 | 62 | 63 | 60 | 61 | 63 | 58 | 61 | 57 | 57 | 68 | 66 | 62 | 63 | 64 | 65 | 60 | 63 | 58 | 55 | 55 |
QoQ Change | 0.9% | 1.8% | -3.5% | 0.9% | -0.9% | -1.8% | -6.5% | -3.0% | 2.1% | -4.0% | -6.3% | -3.4% | -1.2% | 3.5% | -2.3% | -7.0% | -1.3% | -1.3% | -3.8% | -13.3% | 0.0% | 4.6% | -11.8% | -5.0% | 19.3% | 0.0% | -8.8% | -3.2% | 1.7% | 3.3% | -7.9% | -1.7% | 0.0% | 19.3% | -2.9% | -4.5% | 1.6% | 1.6% | -7.7% | -3.3% | -5.2% | 0.0% | ||||||||||||||||||||||
YoY Change | 0.0% | -1.8% | -5.3% | -8.3% | -3.6% | -11.8% | -9.2% | -11.2% | -11.0% | -11.2% | -11.3% | -14.1% | -7.4% | -3.4% | -9.5% | -7.0% | -7.1% | -11.4% | -12.8% | -9.3% | -18.8% | -17.7% | -12.8% | -20.0% | -17.9% | -12.3% | 4.6% | 0.0% | 3.3% | -1.6% | 5.3% | -10.3% | -7.4% | -6.5% | -3.2% | -5.0% | -6.6% | 7.9% | 13.8% | 1.6% | 10.5% | 12.3% | -4.4% | -9.1% | 1.6% | -7.9% | -14.1% | -15.4% | ||||||||||||||||
Churn rate | N/A | N/A | N/A | N/A | N/A | N/A | 3.3% | 3.3% | 3.8% | 3.4% | 13.8% | 3.9% | 3.9% | 3.5% | 3.9% | 15.3% | 5.0% | 6.6% | 6.1% | 5.3% | 22.9% | 3.9% | 6.0% | 6.7% | 5.9% | 22.4% | 7.2% | 6.9% | 6.2% | 8.3% | 28.6% | 7.6% | 6.5% | 7.3% | 6.6% | 28.0% | 6.5% | 6.1% | 6.4% | 6.7% | 25.8% | 5.2% | 6.2% | 6.1% | 6.3% | 23.7% | 7.9% | 6.3% | 7.1% | 6.9% | 28.2% | 8.0% | 7.3% | 9.1% | 9.0% | 33.3% | 8.6% | 7.5% | 7.3% | 7.3% | 30.7% | 7.1% | 6.8% | 7.1% |
Number of employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4,072 | N/A | N/A | N/A | N/A | 3,288 | N/A | N/A | N/A | 3,001 | 3,001 | N/A | N/A | N/A | 2,679 | 2,679 | N/A | N/A | N/A | 2,594 | 2,594 | N/A | N/A | N/A | 2,551 | 2,551 | N/A | N/A | N/A | 2,453 | 2,453 | N/A | N/A | N/A | 2,202 | 2,202 | N/A | N/A | N/A | |||||||||||||
YoY Change | -19.3% | -8.7% | -10.7% | -3.2% | -1.7% | -3.8% | -10.2% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market share | 29.2% | 28.6% | 29.0% | 28.9% | 29.0% | 28.2% | 26.3% | N/A | N/A | N/A | N/A | 25.5% | N/A | N/A | N/A | N/A | 25.2% | N/A | N/A | 22.7% | 23.1% | 23.1% | N/A | N/A | 23.3% | 23.6% | 23.6% | N/A | N/A | 21.0% | 20.7% | 20.7% | N/A | N/A | 21.2% | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
Bezeq International | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Key Performance Indicators | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of employees | 2,621 | N/A | N/A | N/A | N/A | 2,325 | N/A | N/A | N/A | N/A | 2,445 | N/A | N/A | N/A | N/A | 2,112 | N/A | N/A | N/A | N/A | 2,262 | N/A | N/A | N/A | N/A | 2,102 | N/A | N/A | N/A | N/A | 2,007 | N/A | N/A | N/A | 1,932 | 1,932 | N/A | N/A | N/A | 1,966 | 1,966 | N/A | N/A | N/A | 1,905 | 1,905 | N/A | N/A | N/A | 1,864 | 1,864 | N/A | N/A | N/A | 1,653 | 1,653 | N/A | N/A | N/A | 1,419 | 1,419 | N/A | N/A | N/A |
QoQ Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
YoY Change | -11.3% | 5.2% | -13.6% | 7.1% | -7.1% | -4.5% | -3.7% | 1.8% | -3.1% | -2.2% | -11.3% | -14.2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Churn rate (ISP) | N/A | N/A | N/A | N/A | N/A | N/A | 3.9% | 3.6% | 3.4% | 3.9% | 14.8% | 3.2% | 2.9% | 3.2% | 3.5% | 12.7% | 2.9% | 2.8% | 3.2% | 3.7% | 12.6% | 4.3% | 4.1% | 4.6% | 5.5% | 18.4% | 4.2% | 4.5% | 4.7% | 4.6% | 18.0% | 4.0% | 3.7% | 4.5% | 4.7% | 17.0% | 4.1% | 4.2% | 4.4% | 4.6% | 17.3% | 5.2% | 4.5% | 5.5% | 5.2% | 20.4% | 5.3% | 5.0% | 6.3% | 6.8% | 23.4% | 6.0% | 6.0% | 5.8% | 7.7% | 25.5% | 6.6% | 6.2% | 7.1% | 6.3% | 26.2% | 6.7% | 6.1% | 7.2% |
Market share - ISP | 36.0% | 36.0% | 36.0% | 35.9% | 37.5% | 38.8% | 40.6% | N/A | N/A | N/A | N/A | 42% | N/A | N/A | N/A | N/A | 44% | N/A | N/A | N/A | N/A | 44% | N/A | N/A | 42.1% | N/A | N/A | N/A | N/A | 38.2% | N/A | N/A | N/A | N/A | N/A | N/A | 30.0% | N/A | N/A | N/A | ||||||||||||||||||||||||
Market share - ILD (Outgoing) | 36.0% | 36.0% | 31.0% | 30.7% | 30.0% | 24.6% | 21.2% | N/A | N/A | N/A | N/A | 23% | N/A | N/A | N/A | N/A | 21% | N/A | N/A | N/A | N/A | 21% | N/A | N/A | N/A | N/A | 25.6% | N/A | N/A | N/A | N/A | 23.3% | N/A | N/A | N/A | N/A | 27.0% | N/A | N/A | N/A | ||||||||||||||||||||||||
yes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Key Performance Indicators | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subscribers (EOP, in 000's) | 549 | 549 | 551 | 556 | 560 | 560 | 560 | 562 | 567 | 571 | 571 | 571 | 573 | 575 | 578 | 578 | 580 | 581 | 585 | 586 | 586 | 585 | 582 | 581 | 578 | 578 | 578 | 583 | 593 | 600 | 600 | 605 | 611 | 622 | 630 | 630 | 632 | 636 | 637 | 635 | 635 | 629 | 623 | 618 | 614 | 614 | 608 | 603 | 597 | 587 | 587 | 580 | 582 | 584 | 574 | 574 | 568 | 565 | 558 | 555 | 555 | 556 | 557 | 556 |
QoQ Change | 0.4% | 0.9% | 0.7% | 0.0% | 0.4% | 0.9% | 0.7% | 0.0% | 0.4% | 0.3% | 0.5% | 0.3% | 0.2% | 0.7% | 0.2% | -0.2% | -0.5% | -0.2% | -0.5% | 0.0% | 0.9% | 1.7% | 1.2% | 0.8% | 1.0% | 1.8% | 1.3% | 0.3% | 0.6% | 0.2% | -0.3% | -0.9% | -1.0% | -0.8% | -0.6% | -1.0% | -0.8% | -1.0% | -1.7% | -1.2% | 0.3% | 0.3% | -1.7% | -1.0% | -0.5% | -1.2% | -0.5% | 0.2% | 0.2% | -0.2% | ||||||||||||||
YoY Change | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% | 1.4% | 1.2% | 1.2% | 1.6% | 1.4% | 1.7% | 1.4% | 1.4% | 0.9% | 0.2% | -0.7% | -1.4% | -1.4% | -1.2% | 0.2% | 2.1% | 3.8% | 3.8% | 4.7% | 4.8% | 4.9% | 5.0% | 5.0% | 4.5% | 4.1% | 2.4% | 0.8% | 0.8% | -0.5% | -2.0% | -3.0% | -3.3% | -3.3% | -3.3% | -3.2% | -3.4% | -4.4% | -4.4% | -4.6% | -3.5% | -2.2% | -2.2% | -2.2% | -2.1% | -2.9% | -4.5% | -3.3% | -3.3% | -2.1% | -1.4% | -0.4% | |||||
QoQ subscriber change (000's) | 4 | 1 | -2 | (6) | (6) | (5) | (4) | (21) | (6) | (5) | (6) | (10) | (27) | (7) | 2 | 2 | (10) | (13) | (6) | (3) | (7) | (3) | (19) | 1 | 1 | (1) | ||||||||||||||||||||||||||||||||||||||
ARPU (in NIS)* | 217 | 231 | 230 | 226 | 225 | 228 | 228 | 224 | 224 | 229 | 226 | 229 | 231 | 229 | 231 | 230 | 234 | 232 | 232 | 229 | 232 | 237 | 234 | 231 | 234 | 234 | 233 | 232 | 233 | 233 | 233 | 234 | 234 | 234 | 234 | 234 | 232 | 231 | 233 | 235 | 233 | 231 | 231 | 233 | 237 | 233 | 232 | 229 | 226 | 226 | 228 | 214 | 215 | 210 | 206 | 211 | 200 | 197 | 195 | 195 | 197 | 195 | 190 | 187 |
QoQ Change | -0.4% | -1.7% | -0.4% | 1.3% | -1.8% | 0.0% | 2.2% | 0.0% | 0.9% | -0.9% | 0.9% | 1.3% | -0.9% | 0.0% | -1.3% | 3.5% | -1.3% | -1.3% | 1.3% | -0.4% | -0.4% | 0.4% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | -0.9% | -0.4% | 0.9% | 0.9% | -1.7% | 0.0% | 0.9% | 1.7% | -2.1% | -1.3% | -1.3% | 0.0% | -5.3% | 0.5% | -2.3% | -1.9% | -2.9% | -1.5% | -1.0% | 0.0% | 0.0% | -2.6% | -1.6% | ||||||||||||||
YoY Change | 5.1% | -1.3% | -2.6% | -0.9% | 1.8% | -0.9% | 0.4% | 3.1% | 2.2% | 0.9% | 1.8% | 2.2% | 0.4% | 1.3% | -0.9% | 0.9% | 1.3% | 0.9% | -0.4% | 2.2% | 1.0% | -1.7% | -0.9% | 0.9% | -0.4% | -0.4% | 0.4% | 0.9% | 0.4% | 0.4% | 0.4% | -0.9% | -1.3% | -0.4% | 0.4% | -0.4% | -0.4% | 0.0% | 0.0% | 0.9% | 0.0% | 0.4% | -0.9% | -3.0% | -4.6% | -2.1% | -7.8% | -6.1% | -7.1% | -8.8% | -7.5% | -6.5% | -8.4% | -7.1% | -5.3% | -6.6% | -2.5% | -3.6% | -4.1% | |||||
Churn rate | N/A | N/A | N/A | N/A | N/A | N/A | 3.7% | 3.1% | 3.3% | 3.2% | 13.3% | 3.5% | 3.1% | 3.3% | 3.1% | 13.0% | 3.3% | 2.9% | 2.8% | 2.8% | 11.9% | 3.6% | 3.9% | 4.1% | 3.8% | 15.4% | 3.8% | 3.2% | 3.4% | 3.0% | 13.5% | 3.6% | 3.1% | 3.2% | 2.9% | 12.8% | 3.4% | 3.1% | 3.9% | 3.5% | 13.9% | 4.2% | 3.6% | 4.5% | 3.6% | 15.9% | 4.3% | 3.8% | 4.8% | 5.9% | 18.8% | 6.1% | 4.7% | 5.1% | 5.6% | 21.5% | 5.6% | 4.9% | 5.5% | 5.2% | 21.2% | 5.9% | 4.8% | 5.4% |
Number of employees | N/A | 1,999 | 2,158 | 2,229 | N/A | N/A | N/A | N/A | 2,227 | N/A | N/A | N/A | N/A | 2,276 | N/A | N/A | N/A | N/A | 2,208 | N/A | N/A | N/A | 2,042 | 2,042 | N/A | N/A | N/A | 1,984 | 1,984 | N/A | N/A | N/A | 1,753 | 1,753 | N/A | N/A | N/A | 1,680 | 1,680 | N/A | N/A | N/A | 1,532 | 1,532 | N/A | 1,350 | N/A | 1,335 | 1,335 | N/A | N/A | N/A | ||||||||||||
YoY Change | 8.0% | 3.3% | -0.1% | 2.2% | -3.0% | -7.5% | -2.8% | -11.6% | -4.2% | -8.8% | -12.9% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Mkt share | 37% | 38% | 38% | 39% | 40% | 39% | 40% | N/A | N/A | N/A | N/A | 42% | N/A | N/A | N/A | N/A | 42% | N/A | N/A | N/A | N/A | 40% | N/A | N/A | N/A | N/A | 37% | N/A | N/A | N/A | N/A | 34% | N/A | N/A | N/A | N/A | 32% | N/A | N/A | N/A | ||||||||||||||||||||||||
* In Q1 2020, yes updated its ARPU definition so that ARPU does not include revenue from content sales to external broadcasters. As a result, ARPU data for 2018 and 2019 was adjusted retroactively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
340 | 347.377 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1315 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
616 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
209.674 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
182.674 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
405.468 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
63.364 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-75.885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
74.074 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
126.117 | 134.201 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
118 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
64.712 | 67.336 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-9.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
67.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-260 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
26.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
131 | 135 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
134 | 491 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-8.80% | -10.10% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
167 | 27 | 138 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-47.90% | -17.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
31.30% |
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&12Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
&P of &N KPIs
Debt Ratings & Repayments | ||||
Rating Agency | Rating | Outlook | ||
S&P Global Ratings Maalot | ilAA- | Stable | ||
Midroog | Aa3.il | Stable | ||
Summary of Financial Undertakings as of September 30, 2020 (based on repayment dates) | ||||
In NIS millions | ||||
Notes Issued to the Public (Bezeq Fixed-Line) | ||||
CPI Linked | Unlinked | Gross Interest Payment | Total principal and interest | |
First year | 518,333 | 35,708 | 195,119 | 749,160 |
Second year | 518,333 | 35,708 | 175,426 | 729,467 |
Third year | 606,668 | 250,205 | 150,846 | 1,007,719 |
Fourth year | 265,005 | 643,490 | 121,583 | 1,030,078 |
Fifth year and thereafter | 1,799,250 | 2,121,747 | 251,793 | 4,172,790 |
Total | 3,707,589 | 3,086,858 | 894,767 | 7,689,214 |
Private Notes and Other Non-Bank Credit (Bezeq Fixed-Line) | ||||
CPI Linked | Unlinked | Gross Interest Payment | Total principal and interest | |
First year | - 0 | 85,000 | 36,535 | 121,535 |
Second year | - 0 | 93,333 | 32,880 | 126,213 |
Third year | - 0 | 76,667 | 29,183 | 105,850 |
Fourth year | - 0 | 58,333 | 26,387 | 84,720 |
Fifth year and thereafter | 700,000 | 78,709 | 778,709 | |
Total | - 0 | 1,013,333 | 203,694 | 1,217,027 |
Credit from Israeli Banks (Bezeq Fixed-Line) | ||||
CPI Linked | Unlinked | Gross Interest Payment | Total principal and interest | |
First year | - 0 | 284,056 | 56,844 | 340,900 |
Second year | - 0 | 61,556 | 45,575 | 107,131 |
Third year | - 0 | 6,000 | 42,434 | 48,434 |
Fourth year | - 0 | 406,000 | 42,333 | 448,333 |
Fifth year and thereafter | - 0 | 839,000 | 47,478 | 886,478 |
Total | - 0 | 1,596,612 | 234,664 | 1,831,276 |
Total Debt - Bezeq Fixed-Line | ||||
CPI Linked | Unlinked | Gross Interest Payment | Total principal and interest | |
First year | 518,333 | 404,764 | 288,498 | 1,211,595 |
Second year | 518,333 | 190,597 | 253,881 | 962,811 |
Third year | 606,668 | 332,872 | 222,463 | 1,162,003 |
Fourth year | 265,005 | 1,107,823 | 190,303 | 1,563,131 |
Fifth year and thereafter | 1,799,250 | 3,660,747 | 377,980 | 5,837,977 |
Total | 3,707,589 | 5,696,803 | 1,333,125 | 10,737,517 |
Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N Debt Ratings and Repayments
Principal | Currency | Linkage | Type of | Average | Interest Rate Range | |
(NIS millons) | Interest | Interest Rate | in 2020 | |||
Debt Terms | ||||||
The following table shows the distribution of long-term debt as of September 30, 2020 (including current maturities): | ||||||
Banks | 1,591 | NIS | Unlinked | Fixed | 3.71% | 3.20% - 6.85% |
Non-bank sources | 107 | NIS | Unlinked | Variable; based on the annual interest rate for Treasury Bills | 1.44% | 1.43% - 1.54% |
Non-bank sources | 3,993 | NIS | Unlinked | Fixed | 3.11% | 3.20% - 5.25% |
Non-bank sources | 3,708 | NIS | CPI | Fixed | 1.99% | 1.70% - 3.70% |
Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N Debt Terms
Bezeq The Israel Telecommunication Corp. Limited | ||
GLOSSARY | ||
Glossary | ||
EBITDA | = | Earnings Before Interest, taxes, depreciation, amortization and ongoing losses from impairment of fixed and intangible assets |
Adjusted EBITDA | = | EBITDA excluding other operating income/expenses and one-time loss from impairment of assets |
Net Debt/Adjusted EBITDA | = | Adjusted EBITDA in this ratio is EBITDA (Trailing Twelve Months) less lease payments and |
excluding other income/expenses and one-time loss from impairment of assets | ||
Free cash flow | = | Operating cash flows less net capital expenditures and lease payments |
Net capital expenditures | = | Purchase of property, plant & equipment (PPE), plus investments in intangible assets, less proceeds from the sale of PPE |
FFO | = | Cash flow from operating activities less changes in working capital and payments for leases |
ARPL | = | Average revenue per line |
ARPU | = | Average revenue per user |
N/A | = | Not available |
N/M | = | Not meaningful |
TTM | = | Trailing twelve months |
118 | ||
-9.20% |
Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N Glossary
Bezeq Group Dividends | |||
Dividend History | |||
Dividend Distribution date | Total Amount (NIS m) | Dividend per share (NIS) | Dividend Type |
October 10, 2018 | 318 | 0.11 | Semi-Annual Dividend |
May 10, 2018 | 368 | 0.13 | Semi-Annual Dividend |
October 16, 2017 | 708 | 0.26 | Semi-Annual Dividend |
May 29, 2017 | 578 | 0.21 | Semi-Annual Dividend |
October 6, 2016 | 665 | 0.24 | Semi-Annual Dividend |
May 30, 2016 | 776 | 0.28 | Semi-Annual Dividend |
October 26, 2015 | 933 | 0.34 | Semi-Annual Dividend |
May 27, 2015 | 844 | 0.31 | Semi-Annual Dividend |
October 2, 2014 | 1,267 | 0.46 | Semi-Annual Dividend |
April 23, 2014 | 802 | 0.29 | Semi-Annual Dividend |
September 15, 2013 | 500 | 0.36 | Special Dividend (6 of 6) |
September 15, 2013 | 969 | 0.18 | Semi-Annual Dividend |
May 13, 2013 | 500 | 0.18 | Special Dividend (5 of 6) |
May 13, 2013 | 861 | 0.32 | Semi-Annual Dividend |
October 10, 2012 | 500 | 0.18 | Special Dividend (4 of 6) |
October 10, 2012 | 997 | 0.37 | Semi-Annual Dividend |
May 21, 2012 | 500 | 0.18 | Special Dividend (3 of 6) |
May 21, 2012 | 1,074 | 0.40 | Semi-Annual Dividend |
October 5, 2011 | 500 | 0.18 | Special Dividend (2 of 6) |
October 5, 2011 | 992 | 0.37 | Semi-Annual Dividend |
May 19, 2011 | 500 | 0.19 | Special Dividend (1 of 6) |
May 19, 2011 | 1,163 | 0.43 | Semi-Annual Dividend |
October 7, 2010 | 1,280 | 0.48 | Semi-Annual Dividend |
May 3, 2010 | 2,453 | 0.92 | Semi-Annual Dividend |
October 5, 2009 | 1,149 | 0.43 | Semi-Annual Dividend |
May 24, 2009 | 792 | 0.30 | Semi-Annual Dividend |
October 29, 2008 | 835 | 0.32 | Semi-Annual Dividend |
April 28, 2008 | 679 | 0.26 | Semi-Annual Dividend |
October 15, 2007 | 760 | 0.29 | Semi-Annual Dividend |
February 26, 2007 | 1,800 | 0.69 | Special Dividend |
January 9, 2007 | 300 | 0.12 | Semi-Annual Dividend |
October 30, 2006 | 400 | 0.15 | Semi-Annual Dividend |
April 16, 2006 | 1,200 | 0.46 | Semi-Annual Dividend |
Bezeq - The Israel Telecommunication Corp. Ltd
&P of &N Dividends
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Bezeq The Israel Telecommunication Corporation Ltd. published this content on 20 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2021 13:33:03 UTC