TU FY 2014 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2014 Earnings

Reported March 19, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$8.7B	—	$8.3B	—	5.2%
Op. Income	$1.7B	—	$1.6B	—	7.5%
Gross Margin	55.6%	—	56.2%	—	-0.7pp
Net Margin	11.9%	—	11.4%	—	0.5pp
EPS (Diluted)	$0.85	—	$0.73	—	16.0%
Free Cash Flow	-$100M	—	$836M	—	-112.0%

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$3.9B
GROSS PROFIT	$4.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.1B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.7B
Interest Income	$4M
Interest Expense	$328M
Other Income/Expenses	-$333M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$366M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$1.3B
EBIT	$1.7B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$3.9B
GROSS PROFIT	$4.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$1.3B
Operating Expenses	$3.1B
Cost & Expenses	$7.0B
OPERATING INCOME	$1.7B
Interest Income	$4M
Interest Expense	$328M
Other Income/Expenses	-$333M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$366M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.0B
D&A	$1.3B
EBIT	$1.7B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$54M
Deferred Income Tax	$137M
Other Non-Cash Items	-$37M
Change in Working Capital	-$47M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$2.6B
Acquisitions (Net)	-$31M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$60M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$449M
Common Dividends Paid	-$667M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	-$100M
Net Change in Cash	-$202M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$234M
Other Current Assets	$229M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$6.7B
Goodwill	$2.7B
Intangible Assets	$5.7B
Long-Term Investments	$15M
Tax Assets	$0
Other Non-Current Assets	$243M
TOTAL NON-CURRENT ASSETS	$15.4B
TOTAL ASSETS	$17.0B
Account Payables	$335M
Short-Term Debt	$259M
Deferred Revenue	$550M
Other Current Liabilities	$849M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$6.6B
Deferred Revenue NC	$27M
Deferred Tax Liabilities	$1.4B
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$9.0B
TOTAL LIABILITIES	$11.5B
Common Stock	$3.8B
Additional Paid-In Capital	$103M
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$28M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.4B
Minority Interest	$0
TOTAL EQUITY	$5.4B
TOTAL LIABILITIES & EQUITY	$17.0B
Total Debt	$6.9B
Net Debt	$6.8B