| additional statement of cash flow information |
31 | additional statement of cash flow information |
(a)Statements of cash flows – operating activities and investing activities | | | | | | | | | | | | | | | Three months | | Six months | Periods ended June 30 (millions) | | 2024 | | 2023 | | 2024 | | 2023 | OPERATING ACTIVITIES | | | | | | | | | | | | | Net change in non-cash operating working capital | | | | | | | | | | | | | Current | | | | | | | | | | | | | Accounts receivable | | $ | (72) | | $ | (8) | | $ | 108 | | $ | 164 | Inventories | | | 9 | | | 4 | | | (46) | | | (43) | Contract assets | | | 12 | | | 10 | | | 23 | | | 14 | Prepaid expenses | | | (56) | | | (50) | | | (191) | | | (186) | Unrealized change in held for trading derivatives (Note 4(d)) | | | 10 | | | (4) | | | 22 | | | (5) | Accounts payable and accrued liabilities | | | 192 | | | 18 | | | (33) | | | (525) | Income and other taxes receivable and payable, net | | | 38 | | | (47) | | | 81 | | | (55) | Advance billings and customer deposits | | | 25 | | | 13 | | | 38 | | | 44 | Provisions | | | (46) | | | 32 | | | (91) | | | 74 | | | | 112 | | | (32) | | | (89) | | | (518) | | | | | | | | | | | | | | Non-current | | | | | | | | | | | | | Contract assets | | | 9 | | | 16 | | | 24 | | | 30 | Unbilled customer finance receivables | | | 115 | | | (8) | | | 67 | | | (22) | Unrealized change in held for trading derivatives (Note 4(d)) | | | 32 | | | 12 | | | 89 | | | 28 | Costs incurred to obtain or fulfill contracts with customers (Note 20) | | | (18) | | | (14) | | | (34) | | | (19) | Prepaid maintenance | | | 2 | | | 3 | | | 3 | | | 8 | Refundable security deposits and other | | | (6) | | | (6) | | | (1) | | | (20) | Provisions | | | (36) | | | (55) | | | (43) | | | (108) | Contract liabilities (Note 24) | | | 7 | | | 9 | | | 19 | | | 7 | Other post-employment benefit liabilities | | | 6 | | | — | | | 4 | | | 5 | Other long-term liabilities | | | (4) | | | 1 | | | (2) | | | 3 | | | | 107 | | | (42) | | | 126 | | | (88) | | | $ | 219 | | $ | (74) | | $ | 37 | | $ | (606) | | | | | | | | | | | | | | INVESTING ACTIVITIES | | | | | | | | | | | | | Cash payments for capital assets, excluding spectrum licences | | | | | | | | | | | | | Capital asset additions | | | | | | | | | | | | | Gross capital expenditures | | | | | | | | | | | | | Property, plant and equipment (Note 17) | | $ | (690) | | $ | (829) | | $ | (1,326) | | $ | (1,371) | Intangible assets subject to amortization (Note 18) | | | (299) | | | (258) | | | (534) | | | (474) | | | | (989) | | | (1,087) | | | (1,860) | | | (1,845) | Additions arising from leases (Note 17) | | | 261 | | | 280 | | | 407 | | | 325 | Additions arising from non-monetary transactions | | | 37 | | | — | | | 37 | | | — | Capital expenditures (Note 5) | | | (691) | | | (807) | | | (1,416) | | | (1,520) | Change in associated non-cash investing working capital | | | 25 | | | 30 | | | (62) | | | (233) | | | $ | (666) | | $ | (777) | | $ | (1,478) | | $ | (1,753) |
(b)Changes in liabilities arising from financing activities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three-month period ended June 30, 2023 | | Three-month period ended June 30, 2024 | | | | | | Statement of cash flows | | Non-cash changes | | | | | | | | Statement of cash flows | | Non-cash changes | | | | | | | | | | | | | | | Foreign | | | | | | | | | | | | | | | | | Foreign | | | | | | | | | | | | | | Redemptions, | | exchange | | | | | | | | | | | | | | Redemptions, | | exchange | | | | | | | | Beginning | | Issued or | | repayments | | movement | | | | | End of | | Beginning | | Issued or | | repayments or | | movement | | | | | End of | (millions) | | of period | | received | | or payments | | (Note 4(e)) | | Other | | period | | of period | | received | | payments | | (Note 4(e)) | | Other | | period | Dividends payable to holders of Common Shares | | $ | 506 | | $ | — | | $ | (506) | | $ | — | | $ | 526 | | $ | 526 | | $ | 554 | | $ | — | | $ | (554) | | $ | — | | $ | 577 | | $ | 577 | Dividends reinvested in shares from Treasury | | | — | | | — | | | 186 | | | — | | | (186) | | | — | | | — | | | — | | | 123 | | | — | | | (123) | | | — | | | $ | 506 | | $ | — | | $ | (320) | | $ | — | | $ | 340 | | $ | 526 | | $ | 554 | | $ | — | | $ | (431) | | $ | — | | $ | 454 | | $ | 577 | Short-term borrowings | | $ | 593 | | $ | 101 | | $ | (100) | | $ | — | | $ | — | | $ | 594 | | $ | 104 | | $ | 1,040 | | $ | (100) | | $ | — | | $ | — | | $ | 1,044 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Long-term debt | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TELUS Corporation senior notes | | $ | 18,656 | | $ | — | | $ | — | | $ | (95) | | $ | 3 | | $ | 18,564 | | $ | 22,194 | | $ | — | | $ | (1,100) | | $ | 45 | | $ | 6 | | $ | 21,145 | TELUS Corporation commercial paper | | | 1,874 | | | 1,744 | | | (1,630) | | | (44) | | | — | | | 1,944 | | | 1,172 | | | 1,165 | | | (588) | | | 11 | | | — | | | 1,760 | TELUS Corporation credit facilities | | | 1,145 | | | — | | | — | | | — | | | (1) | | | 1,144 | | | 1,144 | | | — | | | (1,144) | | | — | | | — | | | — | TELUS Communications Inc. debentures | | | 199 | | | — | | | — | | | — | | | — | | | 199 | | | 200 | | | — | | | — | | | — | | | — | | | 200 | TELUS International (Cda) Inc. credit facility | | | 2,086 | | | 92 | | | (110) | | | (46) | | | 1 | | | 2,023 | | | 1,791 | | | 57 | | | (121) | | | 18 | | | — | | | 1,745 | Other | | | 317 | | | — | | | (21) | | | — | | | 2 | | | 298 | | | 282 | | | — | | | (1) | | | — | | | 332 | | | 613 | Lease liabilities | | | 2,289 | | | — | | | (129) | | | (6) | | | 262 | | | 2,416 | | | 2,583 | | | — | | | (154) | | | 2 | | | 257 | | | 2,688 | Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset) | | | (79) | | | 1,648 | | | (1,656) | | | 148 | | | 11 | | | 72 | | | 7 | | | 607 | | | (600) | | | (52) | | | 31 | | | (7) | | | | 26,487 | | | 3,484 | | | (3,546) | | | (43) | | | 278 | | | 26,660 | | | 29,373 | | | 1,829 | | | (3,708) | | | 24 | | | 626 | | | 28,144 | To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt | | | — | | | (1,648) | | | 1,648 | | | — | | | — | | | — | | | — | | | (607) | | | 607 | | | — | | | — | | | — | | | $ | 26,487 | | $ | 1,836 | | $ | (1,898) | | $ | (43) | | $ | 278 | | $ | 26,660 | | $ | 29,373 | | $ | 1,222 | | $ | (3,101) | | $ | 24 | | $ | 626 | | $ | 28,144 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six-month period ended June 30, 2023 | | Six-month period ended June 30, 2024 | | | | | | Statement of cash flows | | Non-cash changes | | | | | | | | Statement of cash flows | | Non-cash changes | | | | | | | | | | | | | | | Foreign | | | | | | | | | | | | | | | | | Foreign | | | | | | | | | | | | | | | Redemptions, | | exchange | | | | | | | | | | | | | | Redemptions, | | exchange | | | | | | | | | Beginning | | Issued or | | repayments | | movement | | | | | End of | | Beginning | | Issued or | | repayments | | movement | | | | | End of | (millions) | | of period | | received | | or payments | | (Note 4(e)) | | Other | | period | | of period | | received | | or payments | | (Note 4(e)) | | Other | | period | Dividends payable to holders of Common Shares | | $ | 502 | | $ | — | | $ | (1,008) | | $ | — | | $ | 1,032 | | $ | 526 | | $ | 550 | | $ | — | | $ | (1,104) | | $ | — | | $ | 1,131 | | $ | 577 | Dividends reinvested in shares from Treasury | | | — | | | — | | | 370 | | | — | | | (370) | | | — | | | — | | | — | | | 314 | | | — | | | (314) | | | — | | | $ | 502 | | $ | — | | $ | (638) | | $ | — | | $ | 662 | | $ | 526 | | $ | 550 | | $ | — | | $ | (790) | | $ | — | | $ | 817 | | $ | 577 | Short-term borrowings | | $ | 104 | | $ | 590 | | $ | (100) | | $ | — | | $ | — | | $ | 594 | | $ | 104 | | $ | 1,040 | | $ | (100) | | $ | — | | $ | — | | $ | 1,044 | Long-term debt | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | TELUS Corporation senior notes | | $ | 18,660 | | $ | 500 | | $ | (500) | | $ | (99) | | $ | 3 | | $ | 18,564 | | $ | 20,301 | | $ | 1,800 | | $ | (1,100) | | $ | 150 | | $ | (6) | | $ | 21,145 | TELUS Corporation commercial paper | | | 1,458 | | | 3,704 | | | (3,176) | | | (42) | | | — | | | 1,944 | | | 1,021 | | | 1,876 | | | (1,172) | | | 35 | | | — | | | 1,760 | TELUS Corporation credit facilities | | | 1,145 | | | — | | | — | | | — | | | (1) | | | 1,144 | | | 1,144 | | | — | | | (1,144) | | | — | | | — | | | — | TELUS Communications Inc. debentures | | | 199 | | | — | | | — | | | — | | | — | | | 199 | | | 200 | | | — | | | — | | | — | | | — | | | 200 | TELUS International (Cda) Inc. credit facility | | | 914 | | | 1,313 | | | (148) | | | (57) | | | 1 | | | 2,023 | | | 1,781 | | | 113 | | | (211) | | | 63 | | | (1) | | | 1,745 | Other | | | 321 | | | — | | | (173) | | | — | | | 150 | | | 298 | | | 288 | | | — | | | (7) | | | — | | | 332 | | | 613 | Lease liabilities | | | 2,340 | | | — | | | (259) | | | 6 | | | 329 | | | 2,416 | | | 2,614 | | | — | | | (332) | | | 8 | | | 398 | | | 2,688 | Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset) | | | (80) | | | 3,194 | | | (3,208) | | | 160 | | | 6 | | | 72 | | | 13 | | | 1,210 | | | (1,195) | | | (167) | | | 132 | | | (7) | | | | 24,957 | | | 8,711 | | | (7,464) | | | (32) | | | 488 | | | 26,660 | | | 27,362 | | | 4,999 | | | (5,161) | | | 89 | | | 855 | | | 28,144 | To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long – term debt | | | — | | | (3,194) | | | 3,194 | | | — | | | — | | | — | | | — | | | (1,210) | | | 1,210 | | | — | | | — | | | — | | | $ | 24,957 | | $ | 5,517 | | $ | (4,270) | | $ | (32) | | $ | 488 | | $ | 26,660 | | $ | 27,362 | | $ | 3,789 | | $ | (3,951) | | $ | 89 | | $ | 855 | | $ | 28,144 |
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