TU FY 2006 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$6.3B	—	—	—	—
Op. Income	$1.5B	—	—	—	—
Gross Margin	68.4%	—	—	—	—
Net Margin	12.9%	—	—	—	—
EPS (Diluted)	$0.61	—	—	—	—
Free Cash Flow	$866M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$2.8B
Operating Expenses	$2.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.5B
Interest Income	$9M
Interest Expense	$373M
Other Income/Expenses	-$389M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$257M
Net Income from Continuing Ops	$843M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$820M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$837M
D&A	$1.2B
EBIT	$1.5B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.3B
Cost of Revenue	$2.0B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$2.8B
Operating Expenses	$2.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$1.5B
Interest Income	$9M
Interest Expense	$373M
Other Income/Expenses	-$389M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$257M
Net Income from Continuing Ops	$843M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$820M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$837M
D&A	$1.2B
EBIT	$1.5B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$820M
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$18M
Deferred Income Tax	$299M
Other Non-Cash Items	-$59M
Change in Working Capital	-$181M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$36M
Purchases of Investments	-$17M
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$198M
Common Stock Repurchased	-$585M
Common Dividends Paid	-$303M
Other Financing Activities	-$226M
NET CASH FROM FINANCING	-$839M
FREE CASH FLOW	$866M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$81M
Net Receivables	$587M
Inventory	$144M
Other Current Assets	$30M
TOTAL CURRENT ASSETS	$983M
PP&E (Net)	$5.5B
Goodwill	$2.3B
Intangible Assets	$2.6B
Long-Term Investments	$26M
Tax Assets	$0
Other Non-Current Assets	$714M
TOTAL NON-CURRENT ASSETS	$11.1B
TOTAL ASSETS	$12.1B
Account Payables	$312M
Short-Term Debt	$1.0B
Deferred Revenue	$920M
Other Current Liabilities	$644M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$780M
Other Non-Current Liabilities	$919M
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$7.0B
Common Stock	$0
Additional Paid-In Capital	$4.3B
Retained Earnings	$789M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$584.6K
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$17M
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$12.1B
Total Debt	$3.6B
Net Debt	$3.6B