Restructuring and other costs, net of disbursements              21         90 
Effects of contract asset, acquisition and fulfilment 
 (IFRS 15 impact) and TELUS Easy Payment mobile device 
 financing                                                     (22)       (17) 
Effects of lease principal (IFRS 16 impact)                   (171)      (135) 
Items from the condensed interim consolidated statements 
of cash flows: 
 Share-based compensation, net                                   44         27 
 Net employee defined benefit plans expense                      16         15 
 Employer contributions to employee defined benefit 
  plans                                                         (2)        (7) 
 Loss from equity accounted investments and other                 3         -- 
 Interest paid                                                (362)      (307) 
 Interest received                                                9          4 
Capital expenditures(1)                                       (668)      (769) 
Free cash flow before income taxes                              624        418 
Income taxes paid, net of refunds                              (63)       (63) 
Free cash flow                                                  561        355 
--------------------------------------------------------  ---------  --------- 
 
 
Free cash flow reconciliation with Cash provided by 
operating activities 
--------------------------------------------------------  ---------  --------- 
                                                           Three months ended 
                                                              September 30 
C$ and in millions                                             2024       2023 
--------------------------------------------------------  ---------  --------- 
Free cash flow                                                  561        355 
Add (deduct): 
   Capital expenditures(1)                                      668        769 
   Effects of lease principal                                   171        135 
   Net change in non-cash operating working capital not 
    included in preceding line items and other 
    individually immaterial items included in Net income 
    neither providing nor using cash                             32         48 
Cash provided by operating activities                         1,432      1,307 
--------------------------------------------------------  ---------  --------- 
 
 
(1)  Refer to Note 31 of the interim consolidated financial statements for 
further information. 
 

Mobile phone average revenue per subscriber per month (ARPU) is calculated as network revenue derived from monthly service plan, roaming and usage charges; divided by the average number of mobile phone subscribers on the network during the period, and is expressed as a rate per month.

Appendix

Operating revenues and other income -- TTech segment

 
C$ millions, except footnotes and unless noted   Three months ended 
otherwise                                           September 30      Per cent 
(unaudited)                                          2024       2023    change 
----------------------------------------------  ---------  ---------  -------- 
Mobile network revenue                              1,766      1,753       0.7 
Mobile equipment and other service revenues           591        557       6.1 
Fixed data services(1)                              1,175      1,153       1.9 
Fixed voice services                                  179        191     (6.3) 
Fixed equipment and other service revenues            117        125     (6.4) 
Health services                                       439        422       4.0 
Agriculture and consumer goods services               100         83      20.5 
----------------------------------------------  ---------  ---------  -------- 
Operating revenues (arising from contracts 
 with customers)                                    4,367      4,284       1.9 
Other income                                           54         18       n/m 
----------------------------------------------  ---------  ---------  -------- 
External Operating revenues and other income        4,421      4,302       2.8 
Intersegment revenues                                   3          4    (25.0) 
----------------------------------------------  ---------  ---------  -------- 
TTech Operating revenues and other income           4,424      4,306       2.7 
----------------------------------------------  ---------  ---------  -------- 
 
 
(1)  Excludes health services and agriculture and consumer goods services. 
 

Operating revenues and other income -- TELUS digital experience segment

 
C$ millions, except footnotes and unless noted   Three months ended 
otherwise                                           September 30      Per cent 
(unaudited)                                          2024       2023    change 
----------------------------------------------  ---------  ---------  -------- 
Operating revenues (arising from contracts 
 with customers)                                      675        706     (4.4) 
Other income                                            3         --       n/m 
----------------------------------------------  ---------  ---------  -------- 
External Operating revenues and other income          678        706     (4.0) 
Intersegment revenues                                 219        183      19.7 
TELUS Digital Operating revenues and other 
 income                                               897        889       0.9 
----------------------------------------------  ---------  ---------  -------- 
 
 
      Notations used in the tables above: n/m -- not meaningful. 
 

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company, generating over $20 billion in annual revenue and connecting more than 19 million customers through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing the lives of 76 million people worldwide through innovative preventive medicine and wellbeing technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS and our 140,000 team members have contributed $1.7 billion and volunteered 2.2 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit telus.com or follow @TELUSNews on X and @Darren_Entwistle on Instagram.

Investor Relations

Robert Mitchell

(647) 837-1606

ir@telus.com

Media Relations

Steve Beisswanger

(514) 865-2787

Steve.Beisswanger@telus.com

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SOURCE TELUS Corporation

(END) Dow Jones Newswires

November 08, 2024 06:45 ET (11:45 GMT)