Year ended December 31, 2023

Year ended December 31, 2024

Statement of cash flows

Non-cash changes

Statement of cash flows

Non-cash changes

Foreign

Balance as

Redemptions,

exchange

Balance as at

Redemptions,

exchange

Balance as at

at January 1,

Issued or

repayments or

movement

December 31,

Issued or

repayments or

movement

December 31,

(millions)

2023

received

payments

(Note 4(i))

Other

2023

received

payments

(Note 4(i))

Other

2024

Dividends payable to holders of Common Shares

$

502

$

—

$

(2,063)

$

—

$

2,111

$

550

$

—

$

(2,259)

$

—

$

2,314

$

605

Dividends reinvested in shares from Treasury

—

748

—

(748)

—

697

—

(697)

—

$

502

$

—

$

(1,315)

$

—

$

1,363

$

550

$

—

$

(1,562)

$

—

$

1,617

$

605

Short-term borrowings

$

104

$

607

$

(609)

$

—

$

2

$

104

$

1,040

$

(263)

$

41

$

—

$

922

Net-settled derivatives used to manage currency risk arising from U.S. dollar-denominated short-term borrowings – liability (asset)

—

63

(15)

(46)

—

2

$

104

$

607

$

(609)

$

—

$

2

$

104

$

1,103

$

(278)

$

(5)

$

—

$

924

Long-term debt

TELUS Corporation senior notes

$

18,660

$

2,250

$

(500)

$

(104)

$

(5)

$

20,301

$

2,500

$

(1,100)

$

378

$

(2)

$

22,077

TELUS Corporation commercial paper

1,458

5,502

(5,929)

(10)

—

1,021

3,601

(3,300)

82

—

1,404

TELUS Corporation credit facilities

1,145

—

(1)

1,144

—

(1,144)

—

TELUS Communications Inc. debentures

199

—

1

200

—

200

TELUS International (Cda) Inc. credit facility

914

1,471

(548)

(60)

4

1,781

354

(587)

152

3

1,703

Other

321

—

(182)

—

149

288

—

(70)

—

370

588

Lease liabilities

2,340

—

(538)

15

797

2,614

—

(661)

24

905

2,882

Derivatives used to manage currency risk arising from U.S. dollar- denominated long-term debt – liability (asset)

(80)

5,984

(5,977)

134

(48)

13

3,377

(3,333)

(421)

296

(68)

24,957

15,207

(13,674)

(25)

897

27,362

9,832

(10,195)

215

1,572

28,786

To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt

—

(5,984)

5,984

—

(3,377)

3,377

—

$

24,957

$

9,223

$

(7,690)

$

(25)

$

897

$

27,362

$

6,455

$

(6,818)

$

215

$

1,572

$

28,786