TELUS Corporation (TSX: T)

TELUS Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	20,005	18,292	16,838	15,341	14,589
Revenue Growth (YoY)	9.36%	8.64%	9.76%	5.15%	3.50%
Cost of Revenue	7,537	7,107	6,699	6,268	6,070
Gross Profit	12,468	11,185	10,139	9,073	8,519
Selling, General & Admin	6,148	4,899	4,269	3,701	3,034
Other Operating Expenses	5	3,446	3,208	3,000	2,555
Operating Expenses	10,204	8,345	7,477	6,701	5,589
Operating Income	2,362	2,954	3,074	2,482	2,977
Interest Income	29	21	20	11	11
Interest Expense	1,293	867	805	746	709
Other Expense / Income	35	-111	54	89	65
Pretax Income	1,089	2,322	2,278	1,711	2,244
Income Tax	222	604	580	451	468
Net Income	841	1,615	1,655	1,207	1,746
Net Income Growth	-47.93%	-2.42%	37.12%	-30.87%	9.13%
Shares Outstanding (Basic)	1,451	1,396	1,346	1,275	1,204
Shares Outstanding (Diluted)	1,457	1,403	1,351	1,278	1,204
Shares Change	3.85%	3.85%	5.71%	6.15%	0.84%
EPS (Basic)	0.58	1.16	1.23	0.95	1.45
EPS (Diluted)	0.58	1.15	1.23	0.94	1.45
EPS Growth	-49.57%	-6.50%	30.85%	-35.17%	8.21%
Free Cash Flow	1,288	1,164	-928	1,752	33
Free Cash Flow Per Share	0.88	0.83	-0.69	1.37	0.03
Gross Margin	62.32%	61.15%	60.21%	59.14%	58.39%
Operating Margin	11.81%	16.15%	18.26%	16.18%	20.41%
Profit Margin	4.20%	8.83%	9.83%	7.87%	11.97%
Free Cash Flow Margin	6.44%	6.36%	-5.51%	11.42%	0.23%
Effective Tax Rate	20.39%	26.01%	25.46%	26.36%	20.86%
EBITDA	6,367	6,318	5,902	5,400	5,520
EBITDA Margin	31.83%	34.54%	35.05%	35.20%	37.84%
Depreciation & Amortization	4,069	3,452	3,216	3,012	2,577
EBIT	2,298	2,866	2,686	2,388	2,943
EBIT Margin	11.49%	15.67%	15.95%	15.57%	20.17%

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.