additional statement of cash flow information (Tables)

6 Months Ended

Jun. 30, 2022

additional statement of cash flow information

Schedule of operating activities and investing activities

		Three months				Six months
Periods ended June 30 (millions)	Note	2022		2021		2022		2021
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Accounts receivable		$	(206)	$	(61)	$	29	$	25
Inventories			76		58		11		44
Contract assets			21		8		36		27
Prepaid expenses			(30)		5		(170)		(123)
Accounts payable and accrued liabilities			(2)		134		(157)		31
Income and other taxes receivable and payable, net			46		(5)		70		(85)
Advance billings and customer deposits			(22)		(2)		(7)		(4)
Provisions			5		(14)		(14)		(2)
		$	(112)	$	123	$	(202)	$	(87)
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment	17	$	(881)	$	(753)	$	(1,590)	$	(1,335)
Intangible assets subject to amortization	18		(250)		(214)		(448)		(376)
			(1,131)		(967)		(2,038)		(1,711)
Additions arising from leases	17		77		55		151		113
Additions arising from non-monetary transactions			—		(1)		—		—
Capital expenditures	5		(1,054)		(913)		(1,887)		(1,598)
Effect of asset retirement obligations			222		—		222		—
			(832)		(913)		(1,665)		(1,598)
Other non-cash items included above
Change in associated non-cash investing working capital			38		142		(142)		77
Non-cash change in asset retirement obligation			(222)		—		(222)		—
			(184)		142		(364)		77
		$	(1,016)	$	(771)	$	(2,029)	$	(1,521)

Schedule of changes in liabilities arising from financing activities

			Statement of cash flows				Non-cash changes
							Foreign
					Redemptions,		exchange
	Beginning		Issued or		repayments		movement				End of
(millions)	of period		received		or payments		(Note 4(e))		Other		period
THREE-MONTH PERIOD ENDED JUNE 30, 2021
Dividends payable to holders of Common Shares	$	404	$	—	$	(404)	$	—	$	428	$	428
Dividends reinvested in shares from Treasury		—		—		153		—		(153)		—
	$	404	$	—	$	(251)	$	—	$	275	$	428
Short-term borrowings	$	100	$	—	$	—	$	—	$	—	$	100
Long-term debt
TELUS Corporation senior notes	$	14,987	$	1,250	$	—	$	(42)	$	(11)	$	16,184
TELUS Corporation commercial paper		918		—		(700)		(21)		—		197
TELUS Communications Inc. debentures		622		—		(175)		—		1		448
TELUS International (Cda) Inc. credit facility		1,168		—		(60)		(13)		(3)		1,092
Other		320		—		(3)		—		—		317
Lease liabilities		1,757		—		(124)		(3)		64		1,694
Derivatives used to manage currency risks arising from U.S. dollar-denominated long-term debt – liability		61		707		(735)		68		(39)		62
		19,833		1,957		(1,797)		(11)		12		19,994
To eliminate effect of gross settlement of derivatives used to manage currency risks arising from U.S. dollar-denominated long-term debt		—		(707)		707		—		—		—
	$	19,833	$	1,250	$	(1,090)	$	(11)	$	12	$	19,994
THREE-MONTH PERIOD ENDED JUNE 30, 2022
Dividends payable to holders of Common Shares	$	450	$	—	$	(450)	$	—	$	467	$	467
Dividends reinvested in shares from Treasury		—		—		160		—		(160)		—
	$	450	$	—	$	(290)	$	—	$	307	$	467
Short-term borrowings	$	108	$	175	$	(4)	$	—	$	—	$	279
Long-term debt
TELUS Corporation senior notes	$	16,328	$	—	$	—	$	127	$	4	$	16,459
TELUS Corporation commercial paper		1,414		1,759		(1,296)		45		—		1,922
TELUS Communications Inc. debentures		448		—		(249)		—		—		199
TELUS International (Cda) Inc. credit facility		1,009		11		(68)		32		—		984
Other		304		—		(39)		—		35		300
Lease liabilities		1,816		—		(125)		1		72		1,764
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(12)		1,303		(1,296)		(198)		31		(172)
		21,307		3,073		(3,073)		7		142		21,456
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(1,303)		1,303		—		—		—
	$	21,307	$	1,770	$	(1,770)	$	7	$	142	$	21,456

			Statement of cash flows				Non-cash changes
							Foreign
					Redemptions,		exchange
	Beginning		Issued or		repayments		movement				End of
(millions)	of period		received		or payments		(Note 4(e))		Other		period
SIX-MONTH PERIOD ENDED JUNE 30, 2021
Dividends payable to holders of Common Shares	$	403	$	—	$	(807)	$	—	$	832	$	428
Dividends reinvested in shares from Treasury		—		—		305		—		(305)		—
	$	403	$	—	$	(502)	$	—	$	527	$	428
Short-term borrowings	$	100	$	—	$	—	$	—	$	—	$	100
Long-term debt
TELUS Corporation senior notes	$	15,021	$	1,250	$	—	$	(79)	$	(8)	$	16,184
TELUS Corporation commercial paper		731		975		(1,478)		(31)		—		197
TELUS Communications Inc. debentures		622		—		(175)		—		1		448
TELUS International (Cda) Inc. credit facility		1,804		—		(684)		(26)		(2)		1,092
Other		273		—		(8)		—		52		317
Lease liabilities		1,837		—		(247)		(9)		113		1,694
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability		120		1,492		(1,526)		91		(115)		62
		20,408		3,717		(4,118)		(54)		41		19,994
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(1,492)		1,492		—		—		—
	$	20,408	$	2,225	$	(2,626)	$	(54)	$	41	$	19,994
SIX-MONTH PERIOD ENDED JUNE 30, 2022
Dividends payable to holders of Common Shares	$	449	$	—	$	(899)	$	—	$	917	$	467
Dividends reinvested in shares from Treasury		—		—		316		—		(316)		—
	$	449	$	—	$	(583)	$	—	$	601	$	467
Short-term borrowings	$	114	$	175	$	(10)	$	—	$	—	$	279
Long-term debt
TELUS Corporation senior notes	$	15,258	$	1,143	$	—	$	66	$	(8)	$	16,459
TELUS Corporation commercial paper		1,900		2,903		(2,912)		31		—		1,922
TELUS Communications Inc. debentures		448		—		(249)		—		—		199
TELUS International (Cda) Inc. credit facility		1,062		11		(107)		17		1		984
Other		308		—		(114)		—		106		300
Lease liabilities		1,876		—		(248)		(5)		141		1,764
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		4		2,926		(2,925)		(135)		(42)		(172)
		20,856		6,983		(6,555)		(26)		198		21,456
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(2,926)		2,926		—		—		—
	$	20,856	$	4,057	$	(3,629)	$	(26)	$	198	$	21,456