additional statement of cash flow information (Tables)

6 Months Ended

Jun. 30, 2024

additional statement of cash flow information

Schedule of operating activities and investing activities

	Three months				Six months
Periods ended June 30 (millions)	2024		2023		2024		2023
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Current
Accounts receivable	$	(72)	$	(8)	$	108	$	164
Inventories		9		4		(46)		(43)
Contract assets		12		10		23		14
Prepaid expenses		(56)		(50)		(191)		(186)
Unrealized change in held for trading derivatives (Note 4(d))		10		(4)		22		(5)
Accounts payable and accrued liabilities		192		18		(33)		(525)
Income and other taxes receivable and payable, net		38		(47)		81		(55)
Advance billings and customer deposits		25		13		38		44
Provisions		(46)		32		(91)		74
		112		(32)		(89)		(518)
Non-current
Contract assets		9		16		24		30
Unbilled customer finance receivables		115		(8)		67		(22)
Unrealized change in held for trading derivatives (Note 4(d))		32		12		89		28
Costs incurred to obtain or fulfill contracts with customers (Note 20)		(18)		(14)		(34)		(19)
Prepaid maintenance		2		3		3		8
Refundable security deposits and other		(6)		(6)		(1)		(20)
Provisions		(36)		(55)		(43)		(108)
Contract liabilities (Note 24)		7		9		19		7
Other post-employment benefit liabilities		6		—		4		5
Other long-term liabilities		(4)		1		(2)		3
		107		(42)		126		(88)
	$	219	$	(74)	$	37	$	(606)
INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment (Note 17)	$	(690)	$	(829)	$	(1,326)	$	(1,371)
Intangible assets subject to amortization (Note 18)		(299)		(258)		(534)		(474)
		(989)		(1,087)		(1,860)		(1,845)
Additions arising from leases (Note 17)		261		280		407		325
Additions arising from non-monetary transactions		37		—		37		—
Capital expenditures (Note 5)		(691)		(807)		(1,416)		(1,520)
Change in associated non-cash investing working capital		25		30		(62)		(233)
	$	(666)	$	(777)	$	(1,478)	$	(1,753)

Schedule of changes in liabilities arising from financing activities

	Three-month period ended June 30, 2023												Three-month period ended June 30, 2024
			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	$	506	$	—	$	(506)	$	—	$	526	$	526	$	554	$	—	$	(554)	$	—	$	577	$	577
Dividends reinvested in shares from Treasury		—		—		186		—		(186)		—		—		—		123		—		(123)		—
	$	506	$	—	$	(320)	$	—	$	340	$	526	$	554	$	—	$	(431)	$	—	$	454	$	577
Short-term borrowings	$	593	$	101	$	(100)	$	—	$	—	$	594	$	104	$	1,040	$	(100)	$	—	$	—	$	1,044
Long-term debt
TELUS Corporation senior notes	$	18,656	$	—	$	—	$	(95)	$	3	$	18,564	$	22,194	$	—	$	(1,100)	$	45	$	6	$	21,145
TELUS Corporation commercial paper		1,874		1,744		(1,630)		(44)		—		1,944		1,172		1,165		(588)		11		—		1,760
TELUS Corporation credit facilities		1,145		—		—		—		(1)		1,144		1,144		—		(1,144)		—		—		—
TELUS Communications Inc. debentures		199		—		—		—		—		199		200		—		—		—		—		200
TELUS International (Cda) Inc. credit facility		2,086		92		(110)		(46)		1		2,023		1,791		57		(121)		18		—		1,745
Other		317		—		(21)		—		2		298		282		—		(1)		—		332		613
Lease liabilities		2,289		—		(129)		(6)		262		2,416		2,583		—		(154)		2		257		2,688
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(79)		1,648		(1,656)		148		11		72		7		607		(600)		(52)		31		(7)
		26,487		3,484		(3,546)		(43)		278		26,660		29,373		1,829		(3,708)		24		626		28,144
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(1,648)		1,648		—		—		—		—		(607)		607		—		—		—
	$	26,487	$	1,836	$	(1,898)	$	(43)	$	278	$	26,660	$	29,373	$	1,222	$	(3,101)	$	24	$	626	$	28,144

	Six-month period ended June 30, 2023												Six-month period ended June 30, 2024
			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	$	502	$	—	$	(1,008)	$	—	$	1,032	$	526	$	550	$	—	$	(1,104)	$	—	$	1,131	$	577
Dividends reinvested in shares from Treasury		—		—		370		—		(370)		—		—		—		314		—		(314)		—
	$	502	$	—	$	(638)	$	—	$	662	$	526	$	550	$	—	$	(790)	$	—	$	817	$	577
Short-term borrowings	$	104	$	590	$	(100)	$	—	$	—	$	594	$	104	$	1,040	$	(100)	$	—	$	—	$	1,044
Long-term debt
TELUS Corporation senior notes	$	18,660	$	500	$	(500)	$	(99)	$	3	$	18,564	$	20,301	$	1,800	$	(1,100)	$	150	$	(6)	$	21,145
TELUS Corporation commercial paper		1,458		3,704		(3,176)		(42)		—		1,944		1,021		1,876		(1,172)		35		—		1,760
TELUS Corporation credit facilities		1,145		—		—		—		(1)		1,144		1,144		—		(1,144)		—		—		—
TELUS Communications Inc. debentures		199		—		—		—		—		199		200		—		—		—		—		200
TELUS International (Cda) Inc. credit facility		914		1,313		(148)		(57)		1		2,023		1,781		113		(211)		63		(1)		1,745
Other		321		—		(173)		—		150		298		288		—		(7)		—		332		613
Lease liabilities		2,340		—		(259)		6		329		2,416		2,614		—		(332)		8		398		2,688
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(80)		3,194		(3,208)		160		6		72		13		1,210		(1,195)		(167)		132		(7)
		24,957		8,711		(7,464)		(32)		488		26,660		27,362		4,999		(5,161)		89		855		28,144
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long – term debt		—		(3,194)		3,194		—		—		—		—		(1,210)		1,210		—		—		—
	$	24,957	$	5,517	$	(4,270)	$	(32)	$	488	$	26,660	$	27,362	$	3,789	$	(3,951)	$	89	$	855	$	28,144