additional statement of cash flow information (Tables)

6 Months Ended

Jun. 30, 2024

additional statement of cash flow information

Schedule of 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)

Schedule of 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