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)	Note	2020		2019		2020		2019
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Accounts receivable		$	(1)	$	(197)	$	24	$	(223)
Inventories			33		25		102		42
Contract assets			114		3		199		1
Prepaid expenses			52		(26)		5		(110)
Accounts payable and accrued liabilities			210		253		90		190
Income and other taxes receivable and payable, net			67		(53)		145		(269)
Advance billings and customer deposits			1		(3)		16		3
Provisions			(72)		14		(117)		(36)
		$	404	$	16	$	464	$	(402)
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment	17	$	(693)	$	(718)	$	(1,295)	$	(1,357)
Intangible assets subject to amortization	18		(174)		(166)		(324)		(299)
			(867)		(884)		(1,619)		(1,656)
Additions arising from leases	17		110		110		192		232
Additions arising from non-monetary transactions			1		4		6		8
Capital expenditures	5		(756)		(770)		(1,421)		(1,416)
Change in associated non-cash investing working capital			62		125		(53)		(22)
		$	(694)	$	(645)	$	(1,474)	$	(1,438)

(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, 2019
Dividends payable 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 senior 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 (asset)		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
THREE-MONTH PERIOD ENDED JUNE 30, 2020
Dividends payable to holders of Common Shares	$	371	$	—	$	(371)	$	—	$	372	$	372
Dividends reinvested in shares from Treasury		—		—		131		—		(131)		—
	$	371	$	—	$	(240)	$	—	$	241	$	372
Short-term borrowings	$	100	$	—	$	—	$	—	$	—	$	100
Long-term debt
TELUS Corporation senior notes	$	14,763	$	1,000	$	(900)	$	(132)	$	(2)	$	14,729
TELUS Corporation commercial paper		459		—		(454)		(5)		—		—
TELUS Communications Inc. debentures		621		—		—		—		1		622
TELUS International (Cda) Inc. credit facility		1,285		—		(68)		(50)		—		1,167
Other		281		—		(3)		—		1		279
Lease liabilities		1,699		—		(81)		(6)		109		1,721
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(655)		461		(434)		158		78		(392)
		18,453		1,461		(1,940)		(35)		187		18,126
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(461)		461		—		—		—
	$	18,453	$	1,000	$	(1,479)	$	(35)	$	187	$	18,126


			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, 2019
Dividends payable to holders of Common Shares	$	326	$	—	$	(655)	$	—	$	668	$	339
Dividends reinvested in shares from Treasury		—		—		45		—		(45)		—
	$	326	$	—	$	(610)	$	—	$	623	$	339
Short-term borrowings	$	100	$	407	$	(407)	$	—	$	—	$	100
Long-term debt
TELUS Corporation senior notes	$	12,186	$	1,674	$	—	$	(122)	$	(23)	$	13,715
TELUS Corporation commercial paper		774		1,901		(2,363)		(19)		—		293
TELUS Communications Inc. debentures		620		—		—		—		1		621
TELUS International (Cda) Inc. credit facility		419		13		(21)		(17)		2		396
Lease liabilities		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)		2,363		(2,361)		141		22		92
		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		—		—		—
	$	15,409	$	3,588	$	(2,534)	$	(30)	$	238	$	16,671
SIX-MONTH PERIOD ENDED JUNE 30, 2020
Dividends payable to holders of Common Shares	$	352	$	—	$	(723)	$	—	$	743	$	372
Dividends reinvested in shares from Treasury		—		—		261		—		(261)		—
	$	352	$	—	$	(462)	$	—	$	482	$	372
Short-term borrowings	$	100	$	200	$	(200)	$	—	$	—	$	100
Long-term debt
TELUS Corporation senior notes	$	14,479	$	1,000	$	(900)	$	150	$	—	$	14,729
TELUS Corporation commercial paper		1,015		612		(1,692)		65		—		—
TELUS Communications Inc. debentures		621		—		—		—		1		622
TELUS International (Cda) Inc. credit facility		431		765		(68)		45		(6)		1,167
Other		267		—		(191)		—		203		279
Lease liabilities		1,661		—		(165)		17		208		1,721
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(37)		1,699		(1,650)		(194)		(210)		(392)
		18,437		4,076		(4,666)		83		196		18,126
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(1,699)		1,699		—		—		—
	$	18,437	$	2,377	$	(2,967)	$	83	$	196	$	18,126