additional statement of cash flow information

12 Months Ended

Dec. 31, 2021

additional statement of cash flow information

additional statement of cash flow information

31 additional statement of cash flow information

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

Years ended December 31 (millions)	Note	2021		2020
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Accounts receivable		$	(290)	$	(231)
Inventories			(41)		30
Contract assets			(4)		298
Prepaid expenses			(44)		79
Accounts payable and accrued liabilities			289		189
Income and other taxes receivable and payable, net			(77)		(49)
Advance billings and customer deposits			62		54
Provisions			23		(100)
		$	(82)	$	270
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment	17	$	(3,188)	$	(2,672)
Intangible assets subject to amortization	18		(864)		(640)
			(4,052)		(3,312)
Additions arising from leases	17		554		530
Additions arising from non-monetary transactions			—		7
Capital expenditures	5		(3,498)		(2,775)
Effect of asset retirement obligations			171		(157)
			(3,327)		(2,932)
Other non-cash items included above
Change in associated non-cash investing working capital			401		(50)
Non-cash change in asset retirement obligation			(171)		160
			230		110
		$	(3,097)	$	(2,822)

(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(i))		Other		period
YEAR ENDED DECEMBER 31, 2020
Dividends payable to holders of Common Shares	$	352	$	—	$	(1,469)	$	—	$	1,520	$	403
Dividends reinvested in shares from Treasury		—		—		539		—		(539)		—
	$	352	$	—	$	(930)	$	—	$	981	$	403
Short-term borrowings	$	100	$	215	$	(223)	$	—	$	8	$	100
Long-term debt
TELUS Corporation senior notes	$	14,479	$	1,500	$	(900)	$	(60)	$	2	$	15,021
TELUS Corporation commercial paper		1,015		1,782		(2,116)		50		—		731
TELUS Communications Inc. debentures		621		—		—		—		1		622
TELUS International (Cda) Inc. credit facility		431		1,600		(191)		(27)		(9)		1,804
Other		267		—		(319)		—		325		273
Lease liabilities		1,661		—		(365)		7		534		1,837
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(37)		2,137		(2,109)		94		35		120
		18,437		7,019		(6,000)		64		888		20,408
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(2,137)		2,137		—		—		—
	$	18,437	$	4,882	$	(3,863)	$	64	$	888	$	20,408
YEAR ENDED DECEMBER 31, 2021
Dividends payable to holders of Common Shares	$	403	$	—	$	(1,665)	$	—	$	1,711	$	449
Dividends reinvested in shares from Treasury		—		—		620		—		(620)		—
	$	403	$	—	$	(1,045)	$	—	$	1,091	$	449
Short-term borrowings	$	100	$	12	$	(2)	$	—	$	4	$	114
Long-term debt
TELUS Corporation senior notes	$	15,021	$	1,250	$	(1,000)	$	(13)	$	—	$	15,258
TELUS Corporation commercial paper		731		3,585		(2,378)		(38)		—		1,900
TELUS Communications Inc. debentures		622		—		(175)		—		1		448
TELUS International (Cda) Inc. credit facility		1,804		56		(797)		(4)		3		1,062
Other		273		—		(89)		—		124		308
Lease liabilities		1,837		—		(502)		1		540		1,876
Derivatives used to manage currency risk arising from U.S. dollar- denominated long-term debt – liability (asset)		120		2,406		(2,437)		10		(95)		4
		20,408		7,297		(7,378)		(44)		573		20,856
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(2,406)		2,406		—		—		—
	$	20,408	$	4,891	$	(4,972)	$	(44)	$	573	$	20,856