TU FY 2010 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2010 Earnings

Reported March 17, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$7.1B	—	$7.4B	—	-2.8%
Op. Income	$1.4B	—	$1.4B	—	3.0%
Gross Margin	38.0%	—	38.3%	—	-0.3pp
Net Margin	10.6%	—	10.4%	—	0.2pp
EPS (Diluted)	$0.60	—	$0.58	—	3.8%
Free Cash Flow	$603M	—	$613M	—	-1.6%

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$3.2B
Operating Expenses	$1.3B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.4B
Interest Income	$3M
Interest Expense	$373M
Other Income/Expenses	-$381M
INCOME BEFORE TAX	$998M
Income Tax Expense	$240M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$756M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$766M
D&A	$1.3B
EBIT	$1.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$4.4B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.0B
Other Expenses	$3.2B
Operating Expenses	$1.3B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.4B
Interest Income	$3M
Interest Expense	$373M
Other Income/Expenses	-$381M
INCOME BEFORE TAX	$998M
Income Tax Expense	$240M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$756M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$766M
D&A	$1.3B
EBIT	$1.4B
EBITDA	$2.7B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$759M
Depreciation & Amortization	$1.3B
Stock-Based Compensation	-$22M
Deferred Income Tax	$156M
Other Non-Cash Items	-$127M
Change in Working Capital	-$172M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$361M
Common Stock Repurchased	$0
Common Dividends Paid	-$346M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$631M
FREE CASH FLOW	$603M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$3M
Net Receivables	$1.0B
Inventory	$207M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$5.6B
Goodwill	$2.6B
Intangible Assets	$3.8B
Long-Term Investments	$27M
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$13.3B
TOTAL ASSETS	$14.3B
Account Payables	$327M
Short-Term Debt	$543M
Deferred Revenue	$481M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$3.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$466M
TOTAL NON-CURRENT LIABILITIES	$5.4B
TOTAL LIABILITIES	$8.3B
Common Stock	$0
Additional Paid-In Capital	$4.1B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$16M
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$4.4B
Net Debt	$4.4B