31 additional statement of cash flow information

(a) Statements of cash flows – operating activities, investing activities and financing activities


		Three months				Six months
Periods ended June 30 (millions)	Note	2019		2018		2019		2018
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Accounts receivable		$	(197)	$	(34)	$	(223)	$	169
Inventories			25		17		42		50
Contract assets			3		(3)		1		(3)
Prepaid expenses			(26)		(26)		(110)		(147)
Accounts payable and accrued liabilities			253		194		190		(164)
Income and other taxes receivable and payable, net			(53)		87		(269)		172
Advance billings and customer deposits			(3)		(7)		3		(16)
Provisions			14		13		(36)		4
		$	16	$	241	$	(402)	$	65
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment	17	$	(718)	$	(639)	$	(1,357)	$	(1,160)
Intangible assets	18		(166)		(158)		(299)		(295)
			(884)		(797)		(1,656)		(1,455)
Additions arising from leases	17		110		—		232		—
Additions arising from non-monetary transactions			4		6		8		14
Capital expenditures	5		(770)		(791)		(1,416)		(1,441)
Change in associated non-cash investing working capital			125		56		(22)		(32)
		$	(645)	$	(735)	$	(1,438)	$	(1,473)
FINANCING ACTIVITIES
Issue of shares by subsidiary to non-controlling interests
Issue of shares		$	—	$	—	$	—	$	43
Non-monetary issue of shares in business combination			—		—		—		(19)
Cash proceeds on share issuance			—		—		—		24
Transaction costs and other			—		—		—		—
		$	—	$	—	$	—	$	24

(b) Changes in liabilities arising from financing activities


			Statement of cash flows				Non-cash changes
							Foreign
					Redemptions,		exchange
	Beginning		Issued or		repayments or		movement				End of
(millions)	of period		received		payments		(Note 4(e))		Other		period
THREE-MONTH PERIOD ENDED JUNE 30, 2018
Dividends paid to holders of Common Shares	$	299	$	—	$	(299)	$	—	$	315	$	315
Dividends reinvested in shares from Treasury		—		—		21		—		(21)		—
	$	299	$	—	$	(278)	$	—	$	294	$	315
Short-term borrowings	$	100	$	26	$	(13)	$	—	$	—	$	113
Long-term debt
TELUS Corporation notes	$	12,094	$	975	$	—	$	43	$	(22)	$	13,090
TELUS Corporation commercial paper		843		304		(1,154)		10		—		3
TELUS Communications Inc. debentures		620		—		—		—		—		620
TELUS International (Cda) Inc. credit facility		433		—		(11)		9		1		432
Derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt – liability		59		1,154		(1,136)		(53)		39		63
		14,049		2,433		(2,301)		9		18		14,208
To eliminate effect of gross settlement of derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt		—		(1,154)		1,154		—		—		—
	$	14,049	$	1,279	$	(1,147)	$	9	$	18	$	14,208

THREE-MONTH PERIOD ENDED JUNE 30, 2019
Dividends paid to holders of Common Shares	$	329	$	—	$	(329)	$	—	$	339	$	339
Dividends reinvested in shares from Treasury		—		—		22		—		(22)		—
	$	329	$	—	$	(307)	$	—	$	317	$	339
Short-term borrowings	$	500	$	—	$	(400)	$	—	$	—	$	100
Long-term debt
TELUS Corporation notes	$	12,136	$	1,674	$	—	$	(70)	$	(25)	$	13,715
TELUS Corporation commercial paper		1,105		748		(1,554)		(6)		—		293
TELUS Communications Inc. debentures		621		—		—		—		—		621
TELUS International (Cda) Inc. credit facility		405		—		(2)		(8)		1		396
Lease liabilities		1,508		—		(64)		(8)		118		1,554
Derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt – liability		41		1,554		(1,551)		76		(28)		92
		15,816		3,976		(3,171)		(16)		66		16,671
To eliminate effect of gross settlement of derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt		—		(1,554)		1,554		—		—		—
	$	15,816	$	2,422	$	(1,617)	$	(16)	$	66	$	16,671


							Statement of cash flows				Non-cash changes
											Foreign
									Redemptions,		exchange
					Beginning		Issued or		repayments or		movement
(millions)					of period		received		payments		(Note 4(e))		Other		End of period
SIX-MONTH PERIOD ENDED JUNE 30, 2018
Dividends paid to holders of Common Shares					$	299	$	—	$	(598)	$	—	$	614	$	315
Dividends reinvested in shares from Treasury						—		—		41		—		(41)		—
					$	299	$	—	$	(557)	$	—	$	573	$	315
Short-term borrowings					$	100	$	26	$	(19)	$	—	$	6	$	113
Long-term debt
TELUS Corporation notes					$	11,561	$	1,725	$	(250)	$	81	$	(27)	$	13,090
TELUS Corporation commercial paper						1,140		1,618		(2,798)		43		—		3
TELUS Communications Inc. Debentures						620		—		—		—		—		620
TELUS International (Cda) Inc. credit facility						339		97		(22)		19		(1)		432
Derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt – liability						93		2,798		(2,770)		(124)		66		63
						13,753		6,238		(5,840)		19		38		14,208
To eliminate effect of gross settlement of derivatives used to manage currency risks arising from U.S. dollar denominated long-term debt						—		(2,798)		2,798		—		—		—
					$	13,753	$	3,440	$	(3,042)	$	19	$	38	$	14,208

	Beginning of period						Statement of cash flows				Non-cash changes
											Foreign
			IFRS 16, Leases						Redemptions,		exchange
	As previously		transitional		As		Issued or		repayments		movement
(millions)	reported		amount (Note 2(c))		adjusted		received		or payments		(Note 4(e))		Other		End of period
SIX-MONTH PERIOD ENDED JUNE 30, 2019
Dividends payable to holders of Common Shares	$	326	$	—	$	326	$	—	$	(655)	$	—	$	668	$	339
Dividends reinvested in shares from Treasury		—		—		—		—		45		—		(45)		—
	$	326	$	—	$	326	$	—	$	(610)	$	—	$	623	$	339
Short-term borrowings	$	100	$	—	$	100	$	407	$	(407)	$	—	$	—	$	100
Long-term debt
TELUS Corporation notes	$	12,186	$	—	$	12,186	$	1,674	$	—	$	(122)	$	(23)	$	13,715
TELUS Corporation commercial paper		774		—		774		1,901		(2,363)		(19)		—		293
TELUS Communications Inc. debentures		620		—		620		—		—		—		1		621
TELUS International (Cda) Inc. credit facility		419		—		419		13		(21)		(17)		2		396
Lease liabilities		102		1,381		1,483		—		(152)		(13)		236		1,554
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(73)		—		(73)		2,363		(2,361)		141		22		92
		14,028		1,381		15,409		5,951		(4,897)		(30)		238		16,671
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long‑term debt		—		—		—		(2,363)		2,363		—		—		—
	$	14,028	$	1,381	$	15,409	$	3,588	$	(2,534)	$	(30)	$	238	$	16,671