TU FY 2009 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2009 Earnings

Reported March 12, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$7.4B	—	$8.6B	—	-14.4%
Op. Income	$1.4B	—	$1.8B	—	-26.3%
Gross Margin	38.3%	—	39.8%	—	-1.4pp
Net Margin	10.4%	—	11.7%	—	-1.3pp
EPS (Diluted)	$0.58	—	$0.64	—	-10.2%
Free Cash Flow	$613M	—	$69M	—	783.6%

Revenue Flow

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$3.2B
Operating Expenses	$1.3B
Cost & Expenses	$5.9B
OPERATING INCOME	$1.4B
Interest Income	$36M
Interest Expense	$370M
Other Income/Expenses	-$412M
INCOME BEFORE TAX	$922M
Income Tax Expense	$155M
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$732M
D&A	$1.3B
EBIT	$1.3B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.4B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.9B
Other Expenses	$3.2B
Operating Expenses	$1.3B
Cost & Expenses	$5.9B
OPERATING INCOME	$1.4B
Interest Income	$36M
Interest Expense	$370M
Other Income/Expenses	-$412M
INCOME BEFORE TAX	$922M
Income Tax Expense	$155M
Net Income from Continuing Ops	$732M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$732M
D&A	$1.3B
EBIT	$1.3B
EBITDA	$2.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$767M
Depreciation & Amortization	$1.3B
Stock-Based Compensation	-$6M
Deferred Income Tax	-$64M
Other Non-Cash Items	-$58M
Change in Working Capital	$259M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$1.6B
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$765.2K
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$96M
Common Stock Repurchased	-$440M
Common Dividends Paid	-$440M
Other Financing Activities	-$30M
NET CASH FROM FINANCING	-$565M
FREE CASH FLOW	$613M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$519M
Inventory	$207M
Other Current Assets	$730.8K
TOTAL CURRENT ASSETS	$862M
PP&E (Net)	$5.9B
Goodwill	$2.7B
Intangible Assets	$3.9B
Long-Term Investments	$31M
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$13.8B
TOTAL ASSETS	$14.7B
Account Payables	$1.0B
Short-Term Debt	$60M
Deferred Revenue	-$707M
Other Current Liabilities	-$101M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.0B
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$6.6B
TOTAL LIABILITIES	$8.9B
Common Stock	$0
Additional Paid-In Capital	$4.0B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$16M
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$14.7B
Total Debt	$5.3B
Net Debt	$5.3B