TELUS Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,827	869	864	974	723	848
Trading Asset Securities	18	1	18	27	2	2
Cash & Short-Term Investments	1,845	870	882	1,001	725	850
Cash Growth	126.66%	-1.36%	-11.89%	38.07%	-14.71%	58.58%
Accounts Receivable	3,680	3,794	3,760	3,451	2,876	2,547
Other Receivables	483	521	487	430	451	395
Receivables	4,163	4,315	4,247	3,881	3,327	2,942
Inventory	455	629	484	537	448	407
Prepaid Expenses	511	502	385	352	288	247
Other Current Assets	414	331	315	321	244	231
Total Current Assets	7,388	6,647	6,313	6,092	5,032	4,677
Property, Plant & Equipment	17,627	17,291	17,248	17,084	15,926	15,014
Long-Term Investments	1,122	1,058	826	609	497	306
Goodwill	10,477	10,544	10,058	9,131	7,270	7,160
Other Intangible Assets	20,460	20,593	19,721	19,239	17,485	15,048
Long-Term Accounts Receivable	846	955	940	891	844	629
Long-Term Deferred Tax Assets	19	18	38	19	35	11
Long-Term Deferred Charges	344	301	218	154	109	103
Other Long-Term Assets	580	616	680	736	671	211
Total Assets	58,863	58,023	56,136	54,069	47,983	43,273
Accounts Payable	1,078	1,126	996	1,382	1,213	855
Accrued Expenses	2,557	2,630	2,610	2,570	2,492	2,116
Short-Term Debt	922	922	104	104	114	100
Current Portion of Long-Term Debt	3,202	2,576	3,454	2,555	2,443	905
Current Portion of Leases	-	672	558	-	504	538
Current Income Taxes Payable	153	142	126	112	104	122
Current Unearned Revenue	855	838	736	679	652	592
Other Current Liabilities	986	925	894	884	751	677
Total Current Liabilities	9,753	9,831	9,478	8,286	8,273	5,905
Long-Term Debt	22,627	23,516	21,490	20,180	16,626	17,712
Long-Term Leases	3,297	2,210	2,056	2,340	1,372	1,299
Long-Term Unearned Revenue	214	117	90	90	93	76
Pension & Post-Retirement Benefits	540	533	529	460	709	990
Long-Term Deferred Tax Liabilities	4,137	4,231	4,390	4,455	4,045	3,718
Other Long-Term Liabilities	773	787	801	600	806	1,005
Total Liabilities	41,341	41,225	38,834	36,411	31,924	30,705
Common Stock	13,761	13,124	12,324	11,399	9,644	7,677
Additional Paid-In Capital	1,639	1,081	997	956	1,013	534
Retained Earnings	500	1,520	2,835	4,104	4,256	3,712
Comprehensive Income & Other	-27	-105	-44	110	203	117
Total Common Equity	15,873	15,620	16,112	16,569	15,116	12,040
Minority Interest	1,649	1,178	1,190	1,089	943	528
Shareholders' Equity	17,522	16,798	17,302	17,658	16,059	12,568
Total Liabilities & Equity	58,863	58,023	56,136	54,069	47,983	43,273
Total Debt	30,048	29,896	27,662	25,179	21,059	20,554
Net Cash (Debt)	-28,203	-29,026	-26,780	-24,178	-20,334	-19,704
Net Cash Per Share	-18.49	-19.44	-18.38	-17.23	-15.05	-15.42
Filing Date Shares Outstanding	1,548	1,514	1,476	1,438	1,370	1,291
Total Common Shares Outstanding	1,535	1,504	1,468	1,431	1,370	1,291
Working Capital	-2,365	-3,184	-3,165	-2,194	-3,241	-1,228
Book Value Per Share	10.34	10.39	10.98	11.58	11.03	9.32
Tangible Book Value	-15,064	-15,517	-13,667	-11,801	-9,639	-10,168
Tangible Book Value Per Share	-9.81	-10.32	-9.31	-8.25	-7.03	-7.87
Land	86	88	83	83	75	54
Buildings	4,041	3,982	3,830	3,746	3,537	3,428
Machinery	1,945	1,871	1,842	1,772	1,525	-
Construction In Progress	832	505	689	815	771	640

Source: S&P Global Market Intelligence. Standard template. Financial Sources.