additional statement of cash flow information (Tables)

6 Months Ended

Jun. 30, 2023

additional statement of cash flow information

Schedule of operating activities and investing activities

		Three months				Six months
Periods ended June 30 (millions)	Note	2023		2022		2023		2022
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Accounts receivable		$	(8)	$	(206)	$	164	$	29
Inventories			4		76		(43)		11
Contract assets			10		21		14		38
Prepaid expenses			(50)		(30)		(186)		(172)
Accounts payable and accrued liabilities			18		(2)		(525)		(157)
Income and other taxes receivable and payable, net			(47)		46		(55)		70
Advance billings and customer deposits			13		(22)		44		(7)
Provisions			32		5		74		(14)
		$	(28)	$	(112)	$	(513)	$	(202)
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment	17	$	(829)	$	(881)	$	(1,371)	$	(1,590)
Intangible assets subject to amortization	18		(258)		(250)		(474)		(448)
			(1,087)		(1,131)		(1,845)		(2,038)
Additions arising from leases	17		280		77		325		151
Capital expenditures	5		(807)		(1,054)		(1,520)		(1,887)
Effect of asset retirement obligations			—		222		—		222
			(807)		(832)		(1,520)		(1,665)
Other non-cash items included above
Change in associated non-cash investing working capital			30		38		(233)		(142)
Non-cash change in asset retirement obligation			—		(222)		—		(222)
			30		(184)		(233)		(364)
		$	(777)	$	(1,016)	$	(1,753)	$	(2,029)

Schedule of changes in liabilities arising from financing activities

	Three-month period ended June 30, 2022												Three-month period ended June 30, 2023
			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	$	450	$	—	$	(450)	$	—	$	467	$	467	$	506	$	—	$	(506)	$	—	$	526	$	526
Dividends reinvested in shares from Treasury		—		—		160		—		(160)		—		—		—		186		—		(186)		—
	$	450	$	—	$	(290)	$	—	$	307	$	467	$	506	$	—	$	(320)	$	—	$	340	$	526
Short-term borrowings	$	108	$	175	$	(4)	$	—	$	—	$	279	$	593	$	101	$	(100)	$	—	$	—	$	594
Long-term debt
TELUS Corporation senior notes	$	16,328	$	—	$	—	$	127	$	4	$	16,459	$	18,656	$	—	$	—	$	(95)	$	3	$	18,564
TELUS Corporation commercial paper		1,414		1,759		(1,296)		45		—		1,922		1,874		1,744		(1,630)		(44)		—		1,944
TELUS Corporation credit facilities		—		—		—		—		—		—		1,145		—		—		—		(1)		1,144
TELUS Communications Inc. debentures		448		—		(249)		—		—		199		199		—		—		—		—		199
TELUS International (Cda) Inc. credit facility		1,009		11		(68)		32		—		984		2,086		92		(110)		(46)		1		2,023
Other		304		—		(39)		—		35		300		317		—		(21)		—		2		298
Lease liabilities		1,816		—		(125)		1		72		1,764		2,289		—		(129)		(6)		262		2,416
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)		(79)		1,648		(1,656)		148		11		72
		21,307		3,073		(3,073)		7		142		21,456		26,487		3,484		(3,546)		(43)		278		26,660
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		—		—		—		—		(1,648)		1,648		—		—		—
	$	21,307	$	1,770	$	(1,770)	$	7	$	142	$	21,456	$	26,487	$	1,836	$	(1,898)	$	(43)	$	278	$	26,660

	Six-month period ended June 30, 2022												Six-month period ended June 30, 2023
			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	$	449	$	—	$	(899)	$	—	$	917	$	467	$	502	$	—	$	(1,008)	$	—	$	1,032	$	526
Dividends reinvested in shares from Treasury		—		—		316		—		(316)		—		—		—		370		—		(370)		—
	$	449	$	—	$	(583)	$	—	$	601	$	467	$	502	$	—	$	(638)	$	—	$	662	$	526
Short-term borrowings	$	114	$	175	$	(10)	$	—	$	—	$	279	$	104	$	590	$	(100)	$	—	$	—	$	594
Long-term debt
TELUS Corporation senior notes	$	15,258	$	1,143	$	—	$	66	$	(8)	$	16,459	$	18,660	$	500	$	(500)	$	(99)	$	3	$	18,564
TELUS Corporation commercial paper		1,900		2,903		(2,912)		31		—		1,922		1,458		3,704		(3,176)		(42)		—		1,944
TELUS Corporation credit facilities		—		—		—		—		—		—		1,145		—		—		—		(1)		1,144
TELUS Communications Inc. debentures		448		—		(249)		—		—		199		199		—		—		—		—		199
TELUS International (Cda) Inc. credit facility		1,062		11		(107)		17		1		984		914		1,313		(148)		(57)		1		2,023
Other		308		—		(114)		—		106		300		321		—		(173)		—		150		298
Lease liabilities		1,876		—		(248)		(5)		141		1,764		2,340		—		(259)		6		329		2,416
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)		(80)		3,194		(3,208)		160		6		72
		20,856		6,983		(6,555)		(26)		198		21,456		24,957		8,711		(7,464)		(32)		488		26,660
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		—		—		—		—		(3,194)		3,194		—		—		—
	$	20,856	$	4,057	$	(3,629)	$	(26)	$	198	$	21,456	$	24,957	$	5,517	$	(4,270)	$	(32)	$	488	$	26,660