TU FY 2008 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2008 Earnings

Reported March 13, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$8.6B	—	$6.6B	—	29.5%
Op. Income	$1.8B	—	$1.4B	—	27.4%
Gross Margin	39.8%	—	66.4%	—	-26.6pp
Net Margin	11.7%	—	13.9%	—	-2.2pp
EPS (Diluted)	$0.64	—	$0.69	—	-6.4%
Free Cash Flow	$69M	—	$1.0B	—	-93.2%

Revenue Flow

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.2B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$3.1B
Operating Expenses	$1.1B
Cost & Expenses	$6.3B
OPERATING INCOME	$1.8B
Interest Income	$10M
Interest Expense	$412M
Other Income/Expenses	-$116M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$388M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$824M
D&A	$1.5B
EBIT	$1.5B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.6B
Cost of Revenue	$5.2B
GROSS PROFIT	$3.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$3.1B
Operating Expenses	$1.1B
Cost & Expenses	$6.3B
OPERATING INCOME	$1.8B
Interest Income	$10M
Interest Expense	$412M
Other Income/Expenses	-$116M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$388M
Net Income from Continuing Ops	$827M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$824M
D&A	$1.5B
EBIT	$1.5B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$4M
Deferred Income Tax	$118M
Other Non-Cash Items	$483M
Change in Working Capital	-$627M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$2.4B
Acquisitions (Net)	-$619M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$2.4B
NET CASH FROM INVESTING	-$3.1B
Net Debt Issuance	$962M
Common Stock Repurchased	-$521M
Common Dividends Paid	-$4M
Other Financing Activities	$0
NET CASH FROM FINANCING	$532M
FREE CASH FLOW	$69M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$724M
Inventory	$296M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$6.5B
Goodwill	$3.2B
Intangible Assets	$4.6B
Long-Term Investments	$37M
Tax Assets	$240M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$15.7B
TOTAL ASSETS	$17.0B
Account Payables	$322M
Short-Term Debt	$561M
Deferred Revenue	$733M
Other Current Liabilities	$820M
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$7.9B
TOTAL LIABILITIES	$10.6B
Common Stock	$0
Additional Paid-In Capital	$4.0B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$95M
Other Equity	$1.1B
TOTAL STOCKHOLDERS' EQUITY	$6.4B
Minority Interest	$20M
TOTAL EQUITY	$6.4B
TOTAL LIABILITIES & EQUITY	$17.0B
Total Debt	$5.6B
Net Debt	$5.6B