TU FY 2012 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2012 Earnings

Reported March 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$7.9B	—	$7.6B	—	4.4%
Op. Income	$1.5B	—	$1.4B	—	7.1%
Gross Margin	55.6%	—	54.5%	—	1.0pp
Net Margin	12.1%	—	11.7%	—	0.4pp
EPS (Diluted)	$0.67	—	$0.69	—	-2.1%
Free Cash Flow	$927M	—	$514M	—	80.5%

Revenue Flow

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.3B
Operating Expenses	$2.9B
Cost & Expenses	$6.4B
OPERATING INCOME	$1.5B
Interest Income	$11M
Interest Expense	$262M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$334M
Net Income from Continuing Ops	$880M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$963M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$880M
D&A	$1.4B
EBIT	$1.5B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$1.3B
Operating Expenses	$2.9B
Cost & Expenses	$6.4B
OPERATING INCOME	$1.5B
Interest Income	$11M
Interest Expense	$262M
Other Income/Expenses	-$156M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$334M
Net Income from Continuing Ops	$880M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$963M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$880M
D&A	$1.4B
EBIT	$1.5B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$963M
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$7M
Deferred Income Tax	$119M
Other Non-Cash Items	-$137M
Change in Working Capital	$38M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$1.4B
Acquisitions (Net)	-$24M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$55M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$236M
Common Stock Repurchased	$0
Common Dividends Paid	-$566M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$804M
FREE CASH FLOW	$927M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$256M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$6.0B
Goodwill	$2.7B
Intangible Assets	$4.5B
Long-Term Investments	$50M
Tax Assets	$0
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$13.3B
TOTAL ASSETS	$14.9B
Account Payables	$309M
Short-Term Debt	$692M
Deferred Revenue	$514M
Other Current Liabilities	$61M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$4.2B
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$6.8B
TOTAL LIABILITIES	$9.3B
Common Stock	$4.1B
Additional Paid-In Capital	$119M
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$0
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$4.9B
Net Debt	$4.8B