Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of TELUS.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.14B | $20.00B | $18.29B | $16.84B | $15.34B | $14.59B | $14.10B | $13.20B | $12.72B | $12.43B |
| Cost of Revenue | $7.64B | $7.54B | $7.11B | $6.70B | $6.27B | $6.07B | $6.37B | $5.93B | $5.63B | $5.53B |
| Gross Profit | $12.50B | $12.47B | $11.19B | $10.14B | $9.07B | $8.52B | $7.73B | $7.27B | $7.09B | $6.90B |
| Gross Profit Ratio | 62.07% | 62.30% | 61.15% | 60.20% | 59.14% | 58.39% | 54.82% | 55.04% | 55.75% | 55.49% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $5.91B | $6.15B | $4.90B | $4.27B | $3.70B | $3.03B | $2.90B | $2.60B | $2.94B | $2.71B |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.91B | $6.15B | $4.90B | $4.27B | $3.70B | $3.03B | $2.90B | $2.60B | $2.94B | $2.71B |
| Other Expenses | $3.79B | $3.96B | $3.45B | $3.21B | $3.00B | $2.56B | $2.24B | $2.15B | $2.02B | $1.87B |
| Operating Expenses | $9.70B | $10.11B | $8.35B | $7.48B | $6.70B | $5.59B | $5.14B | $4.66B | $4.95B | $4.57B |
| Cost and Expenses | $17.34B | $17.66B | $15.45B | $14.18B | $12.97B | $11.66B | $11.51B | $10.60B | $10.58B | $10.10B |
| Interest Income | $39.00M | $29.00M | $21.00M | $20.00M | $11.00M | $11.00M | $12.00M | $7.00M | $2.00M | $26.00M |
| Interest Expense | $1.41B | $1.29B | $867.00M | $805.00M | $746.00M | $709.00M | $642.00M | $585.00M | $508.00M | $497.00M |
| Depreciation and Amortization | $4.04B | $4.07B | $3.46B | $3.23B | $3.16B | $2.72B | $2.28B | $2.17B | $2.06B | $1.91B |
| EBITDA | $6.68B | $6.31B | $6.94B | $5.90B | $5.63B | $5.51B | $5.33B | $4.76B | $4.23B | $4.31B |
| EBITDA Ratio | 33.16% | 31.53% | 34.54% | 35.05% | 35.20% | 37.84% | 34.52% | 36.21% | 32.97% | 34.32% |
| Operating Income | $2.80B | $2.36B | $2.95B | $3.07B | $2.48B | $2.98B | $2.84B | $2.60B | $2.18B | $2.35B |
| Operating Income Ratio | 13.92% | 11.81% | 16.15% | 18.26% | 16.18% | 20.41% | 20.13% | 19.73% | 17.15% | 18.93% |
| Total Other Income Expenses Net | $-1.58B | $-1.27B | $-632.00M | $-796.00M | $-771.00M | $-733.00M | $-661.00M | $-573.00M | $-520.00M | $-447.00M |
| Income Before Tax | $1.23B | $1.09B | $2.32B | $2.28B | $1.71B | $2.24B | $2.18B | $2.03B | $1.66B | $1.91B |
| Income Before Tax Ratio | 6.10% | 5.44% | 12.69% | 13.53% | 11.15% | 15.38% | 15.44% | 15.39% | 13.06% | 15.33% |
| Income Tax Expense | $290.00M | $222.00M | $604.00M | $580.00M | $451.00M | $468.00M | $552.00M | $553.00M | $426.00M | $524.00M |
| Net Income | $993.00M | $841.00M | $1.61B | $1.66B | $1.21B | $1.75B | $1.60B | $1.46B | $1.22B | $1.38B |
| Net Income Ratio | 4.93% | 4.20% | 8.83% | 9.83% | 7.87% | 11.97% | 11.35% | 11.06% | 9.61% | 11.12% |
| EPS | $0.67 | $0.58 | $1.16 | $1.23 | $0.95 | $1.45 | $1.34 | $1.23 | $1.03 | $1.15 |
| EPS Diluted | $0.66 | $0.58 | $1.15 | $1.23 | $0.94 | $1.45 | $1.34 | $1.23 | $1.03 | $1.15 |
| Weighted Average Shares Outstanding | 1.49B | 1.45B | 1.40B | 1.35B | 1.27B | 1.20B | 1.19B | 1.19B | 1.18B | 1.21B |
| Weighted Average Shares Outstanding Diluted | 1.50B | 1.46B | 1.40B | 1.35B | 1.28B | 1.20B | 1.19B | 1.19B | 1.19B | 1.21B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $- | $864.00M | $974.00M | $723.00M | $848.00M | $535.00M | $414.00M | $509.00M | $432.00M | $223.00M |
| Short Term Investments | $- | $- | $26.00M | $2.00M | $2.00M | $1.00M | $1.00M | $18.00M | $11.00M | $40.00M |
| Cash and Short Term Investments | $869.00M | $864.00M | $974.00M | $723.00M | $848.00M | $535.00M | $414.00M | $509.00M | $432.00M | $223.00M |
| Net Receivables | $4.32B | $4.25B | $3.88B | $3.33B | $2.94B | $2.83B | $2.46B | $2.47B | $1.48B | $1.50B |
| Inventory | $629.00M | $484.00M | $537.00M | $448.00M | $407.00M | $437.00M | $376.00M | $378.00M | $318.00M | $360.00M |
| Other Current Assets | $834.00M | $718.00M | $700.00M | $534.00M | $480.00M | $555.00M | $588.00M | $493.00M | $244.00M | $279.00M |
| Total Current Assets | $6.65B | $6.31B | $6.09B | $5.03B | $4.68B | $4.35B | $3.84B | $2.88B | $2.47B | $2.33B |
| Property Plant Equipment Net | $17.29B | $17.25B | $17.08B | $15.93B | $15.01B | $14.23B | $12.09B | $11.37B | $10.46B | $9.74B |
| Goodwill | $10.54B | $10.06B | $9.17B | $7.28B | $7.24B | $5.33B | $4.73B | $4.22B | $3.79B | $3.76B |
| Intangible Assets | $20.59B | $19.72B | $19.18B | $17.48B | $15.03B | $12.81B | $10.96B | $10.66B | $10.36B | $9.98B |
| Goodwill and Intangible Assets | $31.14B | $29.78B | $28.35B | $24.77B | $22.26B | $18.14B | $15.69B | $14.88B | $14.15B | $13.75B |
| Long Term Investments | $1.06B | $826.00M | $609.00M | $497.00M | $306.00M | $113.00M | $75.00M | $56.00M | $92.00M | $94.00M |
| Tax Assets | $18.00M | $38.00M | $19.00M | $35.00M | $949.00M | $1.05B | $- | $260.00M | $441.00M | $359.00M |
| Other Non-Current Assets | $1.87B | $1.93B | $1.90B | $1.74B | $119.00M | $82.00M | $1.37B | $105.00M | $107.00M | $140.00M |
| Total Non-Current Assets | $51.38B | $49.82B | $47.95B | $42.96B | $38.65B | $33.62B | $29.22B | $26.66B | $25.25B | $24.07B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $58.02B | $56.14B | $54.05B | $47.99B | $43.33B | $37.98B | $33.06B | $29.55B | $27.73B | $26.41B |
| Account Payables | $1.13B | $996.00M | $1.38B | $1.21B | $855.00M | $892.00M | $686.00M | $717.00M | $578.00M | $476.00M |
| Short Term Debt | $4.17B | $4.10B | $2.65B | $3.04B | $1.53B | $1.43B | $936.00M | $1.50B | $1.43B | $956.00M |
| Tax Payables | $289.00M | $270.00M | $221.00M | $223.00M | $135.00M | $55.00M | $218.00M | $34.00M | $37.00M | $108.00M |
| Deferred Revenue | $1.04B | $736.00M | $891.00M | $854.00M | $772.00M | $675.00M | $653.00M | $782.00M | $737.00M | $760.00M |
| Other Current Liabilities | $3.21B | $3.38B | $3.36B | $3.14B | $2.79B | $2.65B | $2.44B | $2.24B | $2.88B | $2.70B |
| Total Current Liabilities | $9.83B | $9.48B | $8.28B | $8.27B | $5.91B | $5.57B | $4.84B | $5.19B | $4.95B | $4.28B |
| Long Term Debt | $25.61B | $23.36B | $22.52B | $18.00B | $19.01B | $17.17B | $13.27B | $12.26B | $11.60B | $11.18B |
| Deferred Revenue Non-Current | $164.00M | $- | $88.00M | $90.00M | $71.00M | $83.00M | $100.00M | $99.00M | $24.00M | $30.00M |
| Deferred Tax Liabilities Non-Current | $4.23B | $4.39B | $4.44B | $4.06B | $3.78B | $3.20B | $3.15B | $2.50B | $2.11B | $2.15B |
| Other Non-Current Liabilities | $1.39B | $1.61B | $5.61B | $5.65B | $5.79B | $4.57B | $1.45B | $1.26B | $1.11B | $1.09B |
| Total Non-Current Liabilities | $31.39B | $29.36B | $28.11B | $23.66B | $24.82B | $21.74B | $17.88B | $16.09B | $14.84B | $14.46B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $41.23B | $38.83B | $36.39B | $31.93B | $30.73B | $27.32B | $22.72B | $21.29B | $19.79B | $18.73B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $13.12B | $12.32B | $11.40B | $9.64B | $7.68B | $5.66B | $5.39B | $5.21B | $5.03B | $5.05B |
| Retained Earnings | $1.52B | $2.83B | $4.10B | $4.26B | $3.75B | $4.37B | $4.47B | $2.60B | $2.47B | $2.43B |
| Accumulated Other Comprehensive Income Loss | $-105.00M | $-44.00M | $110.00M | $203.00M | $117.00M | $119.00M | $12.00M | $51.00M | $42.00M | $59.00M |
| Other Total Stockholders Equity | $1.08B | $997.00M | $956.00M | $1.01B | $534.00M | $398.00M | $383.00M | $370.00M | $372.00M | $135.00M |
| Total Stockholders Equity | $15.62B | $16.11B | $16.57B | $15.12B | $12.07B | $10.55B | $10.26B | $8.22B | $7.92B | $7.67B |
| Total Equity | $16.80B | $17.30B | $17.66B | $16.06B | $12.60B | $10.66B | $10.34B | $8.26B | $7.94B | $7.67B |
| Total Liabilities and Stockholders Equity | $58.02B | $56.14B | $54.05B | $47.99B | $43.33B | $37.98B | $33.06B | $29.55B | $27.73B | $26.41B |
| Minority Interest | $1.18B | $1.19B | $1.09B | $943.00M | $528.00M | $111.00M | $82.00M | $42.00M | $19.00M | $- |
| Total Liabilities and Total Equity | $58.02B | $56.14B | $54.05B | $47.99B | $43.33B | $37.98B | $33.06B | $29.55B | $27.73B | $26.41B |
| Total Investments | $1.06B | $826.00M | $609.00M | $497.00M | $306.00M | $113.00M | $75.00M | $56.00M | $92.00M | $94.00M |
| Total Debt | $29.78B | $27.45B | $25.14B | $20.97B | $20.39B | $18.57B | $14.20B | $13.76B | $13.03B | $12.14B |
| Net Debt | $29.78B | $26.59B | $24.17B | $20.24B | $19.54B | $18.04B | $13.79B | $13.25B | $12.60B | $11.91B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $938.00M | $841.00M | $1.72B | $1.70B | $1.26B | $1.78B | $1.62B | $1.48B | $1.24B | $1.38B |
| Depreciation and Amortization | $4.04B | $4.06B | $3.45B | $3.22B | $3.01B | $2.58B | $2.27B | $2.17B | $2.05B | $1.91B |
| Deferred Income Tax | $-167.00M | $-140.00M | $31.00M | $47.00M | $76.00M | $115.00M | $74.00M | $430.00M | $-42.00M | $68.00M |
| Stock Based Compensation | $151.00M | $117.00M | $122.00M | $139.00M | $27.00M | $-2.00M | $6.00M | $17.00M | $-2.00M | $-38.00M |
| Change in Working Capital | $21.00M | $-326.00M | $-193.00M | $-82.00M | $270.00M | $-332.00M | $256.00M | $-142.00M | $-71.00M | $214.00M |
| Accounts Receivables | $-89.00M | $-184.00M | $-312.00M | $-290.00M | $-231.00M | $-329.00M | $74.00M | $-70.00M | $-45.00M | $55.00M |
| Inventory | $-145.00M | $53.00M | $-89.00M | $-41.00M | $30.00M | $-61.00M | $4.00M | $-60.00M | $42.00M | $-40.00M |
| Accounts Payables | $- | $-332.00M | $173.00M | $241.00M | $566.00M | $196.00M | $-11.00M | $99.00M | $106.00M | $-82.00M |
| Other Working Capital | $255.00M | $137.00M | $35.00M | $8.00M | $-95.00M | $-138.00M | $178.00M | $-111.00M | $-174.00M | $281.00M |
| Other Non Cash Items | $-132.00M | $-56.00M | $-319.00M | $-630.00M | $-71.00M | $-207.00M | $-169.00M | $-6.00M | $51.00M | $7.00M |
| Net Cash Provided by Operating Activities | $4.85B | $4.50B | $4.81B | $4.39B | $4.57B | $3.93B | $4.06B | $3.95B | $3.22B | $3.54B |
| Investments in Property Plant and Equipment | $-2.75B | $-3.18B | $-3.65B | $-5.32B | $-2.82B | $-3.89B | $-2.88B | $-3.08B | $-2.90B | $-4.57B |
| Acquisitions Net | $-338.00M | $-1.29B | $-1.53B | $40.00M | $-3.12B | $-1.09B | $-242.00M | $-536.00M | $-87.00M | $42.00M |
| Purchases of Investments | $-66.00M | $-132.00M | $-214.00M | $-148.00M | $-129.00M | $-35.00M | $-22.00M | $-26.00M | $-33.00M | $-50.00M |
| Sales Maturities of Investments | $- | $- | $5.00M | $-2.22B | $5.00M | $7.00M | $184.00M | $18.00M | $103.00M | $98.00M |
| Other Investing Activities | $-546.00M | $-145.00M | $-21.00M | $2.18B | $-100.00M | $-33.00M | $140.00M | $-26.00M | $61.00M | $51.00M |
| Net Cash Used for Investing Activities | $-3.70B | $-4.75B | $-5.41B | $-5.47B | $-6.17B | $-5.04B | $-2.98B | $-3.64B | $-2.92B | $-4.48B |
| Debt Repayment | $462.00M | $1.53B | $2.21B | $-71.00M | $1.01B | $2.44B | $56.00M | $865.00M | $883.00M | $2.72B |
| Common Stock Issued | $- | $- | $- | $1.30B | $1.50B | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $-100.00M | $- | $-179.00M | $-628.00M |
| Dividends Paid | $-1.56B | $-1.31B | $-1.19B | $-1.04B | $-930.00M | $-1.15B | $-1.14B | $-1.08B | $-1.07B | $-992.00M |
| Other Financing Activities | $-42.00M | $-77.00M | $-169.00M | $769.00M | $328.00M | $-56.00M | $9.00M | $-10.00M | $279.00M | $-15.00M |
| Net Cash Used Provided by Financing Activities | $-1.14B | $139.00M | $848.00M | $953.00M | $1.90B | $1.24B | $-1.18B | $-227.00M | $-87.00M | $1.10B |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $5.00M | $-110.00M | $251.00M | $-125.00M | $313.00M | $121.00M | $-95.00M | $77.00M | $209.00M | $163.00M |
| Cash at End of Period | $869.00M | $864.00M | $974.00M | $723.00M | $848.00M | $535.00M | $414.00M | $509.00M | $432.00M | $223.00M |
| Cash at Beginning of Period | $864.00M | $974.00M | $723.00M | $848.00M | $535.00M | $414.00M | $509.00M | $432.00M | $223.00M | $60.00M |
| Operating Cash Flow | $4.85B | $4.50B | $4.81B | $4.39B | $4.57B | $3.93B | $4.06B | $3.95B | $3.22B | $3.54B |
| Capital Expenditure | $-3.39B | $-3.21B | $-3.65B | $-5.32B | $-2.82B | $-3.89B | $-2.88B | $-3.08B | $-2.90B | $-4.57B |
| Free Cash Flow | $1.46B | $1.29B | $1.16B | $-928.00M | $1.75B | $33.00M | $1.18B | $866.00M | $322.00M | $-1.03B |