TU FY 2013 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2013 Earnings

Reported March 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$8.3B	—	$7.9B	—	4.5%
Op. Income	$1.6B	—	$1.5B	—	5.1%
Gross Margin	56.2%	—	55.6%	—	0.6pp
Net Margin	11.4%	—	12.1%	—	-0.7pp
EPS (Diluted)	$0.73	—	$0.67	—	8.7%
Free Cash Flow	$836M	—	$927M	—	-9.9%

Revenue Flow

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.0B
Cost & Expenses	$6.7B
OPERATING INCOME	$1.6B
Interest Income	$7M
Interest Expense	$317M
Other Income/Expenses	-$327M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$346M
Net Income from Continuing Ops	$946M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$946M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$946M
D&A	$1.3B
EBIT	$1.6B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.3B
Cost of Revenue	$3.6B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.0B
Cost & Expenses	$6.7B
OPERATING INCOME	$1.6B
Interest Income	$7M
Interest Expense	$317M
Other Income/Expenses	-$327M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$346M
Net Income from Continuing Ops	$946M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$946M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$946M
D&A	$1.3B
EBIT	$1.6B
EBITDA	$2.9B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$946M
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$18M
Deferred Income Tax	$15M
Other Non-Cash Items	-$61M
Change in Working Capital	$137M
OPERATING CASH FLOW	$2.4B
Capital Expenditure	-$1.5B
Acquisitions (Net)	-$182M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$28M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$909M
Common Stock Repurchased	-$731M
Common Dividends Paid	-$623M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$459M
FREE CASH FLOW	$836M
Net Change in Cash	$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$246M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$238M
Other Current Assets	$147M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$6.2B
Goodwill	$2.7B
Intangible Assets	$4.8B
Long-Term Investments	$8M
Tax Assets	$0
Other Non-Current Assets	$387M
TOTAL NON-CURRENT ASSETS	$14.1B
TOTAL ASSETS	$15.8B
Account Payables	$335M
Short-Term Debt	$292M
Deferred Revenue	$533M
Other Current Liabilities	$859M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$5.5B
Deferred Revenue NC	$32M
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$9.9B
Common Stock	$3.9B
Additional Paid-In Capital	$109M
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$0
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$15.8B
Total Debt	$5.8B
Net Debt	$5.5B