TU FY 2011 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2011 Earnings

Reported March 16, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$7.6B	—	$7.1B	—	6.3%
Op. Income	$1.4B	—	$1.4B	—	3.1%
Gross Margin	54.5%	—	38.0%	—	16.5pp
Net Margin	11.7%	—	10.6%	—	1.2pp
EPS (Diluted)	$0.69	—	$0.60	—	14.6%
Free Cash Flow	$514M	—	$603M	—	-14.8%

Revenue Flow

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.3B
Operating Expenses	$2.7B
Cost & Expenses	$6.2B
OPERATING INCOME	$1.4B
Interest Income	$2M
Interest Expense	$276M
Other Income/Expenses	-$276M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$275M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$891M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$1.3B
EBIT	$1.4B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.3B
Operating Expenses	$2.7B
Cost & Expenses	$6.2B
OPERATING INCOME	$1.4B
Interest Income	$2M
Interest Expense	$276M
Other Income/Expenses	-$276M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$275M
Net Income from Continuing Ops	$888M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$891M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$888M
D&A	$1.3B
EBIT	$1.4B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$888M
Depreciation & Amortization	$1.3B
Stock-Based Compensation	-$9M
Deferred Income Tax	$150M
Other Non-Cash Items	-$302M
Change in Working Capital	-$186M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$1.3B
Acquisitions (Net)	-$80M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$92M
Common Stock Repurchased	$0
Common Dividends Paid	-$469M
Other Financing Activities	-$45M
NET CASH FROM FINANCING	-$404M
FREE CASH FLOW	$514M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$10M
Net Receivables	$1.1B
Inventory	$258M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$5.8B
Goodwill	$2.7B
Intangible Assets	$4.5B
Long-Term Investments	$15M
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$13.1B
TOTAL ASSETS	$14.6B
Account Payables	$297M
Short-Term Debt	$1.1B
Deferred Revenue	$41M
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$4.0B
Deferred Revenue NC	$89M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$981M
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$9.1B
Common Stock	$0
Additional Paid-In Capital	$121M
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$4.1B
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$0
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$14.6B
Total Debt	$5.1B
Net Debt	$5.1B