TU FY 2015 Earnings Report — TELUS Corporation Revenue & Financial Results | Market Cap Arena

TELUS CorporationTU

FY 2015 Earnings

Reported March 10, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$9.1B	—	$8.7B	—	4.2%
Op. Income	$1.7B	—	$1.7B	—	-1.2%
Gross Margin	55.5%	—	55.6%	—	-0.1pp
Net Margin	11.1%	—	11.9%	—	-0.8pp
EPS (Diluted)	$0.84	—	$0.85	—	-0.9%
Free Cash Flow	-$751M	—	-$100M	—	-650.4%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$4.0B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$1.4B
Operating Expenses	$3.3B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.7B
Interest Income	$19M
Interest Expense	$363M
Other Income/Expenses	-$327M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$383M
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	$1.4B
EBIT	$1.8B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$4.0B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$1.4B
Operating Expenses	$3.3B
Cost & Expenses	$7.4B
OPERATING INCOME	$1.7B
Interest Income	$19M
Interest Expense	$363M
Other Income/Expenses	-$327M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$383M
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	$1.4B
EBIT	$1.8B
EBITDA	$3.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	-$28M
Deferred Income Tax	$50M
Other Non-Cash Items	$5M
Change in Working Capital	$156M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$3.3B
Acquisitions (Net)	$31M
Purchases of Investments	-$37M
Sales/Maturities of Investments	$72M
Other Investing Activities	$37M
NET CASH FROM INVESTING	-$3.3B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$459M
Common Dividends Paid	-$725M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$802M
FREE CASH FLOW	-$751M
Net Change in Cash	$119M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$263M
Other Current Assets	$179M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$7.1B
Goodwill	$2.7B
Intangible Assets	$7.3B
Long-Term Investments	$69M
Tax Assets	$262M
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$17.6B
TOTAL ASSETS	$19.3B
Account Payables	$348M
Short-Term Debt	$699M
Deferred Revenue	$555M
Other Current Liabilities	$943M
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$8.2B
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$10.6B
TOTAL LIABILITIES	$13.7B
Common Stock	$3.7B
Additional Paid-In Capital	$99M
Retained Earnings	$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	$43M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.6B
Minority Interest	$0
TOTAL EQUITY	$5.6B
TOTAL LIABILITIES & EQUITY	$19.3B
Total Debt	$8.9B
Net Debt	$8.7B