TELUS Corporation (TU)

TELUS Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	20,116	18,412	17,258	15,463	14,658
Revenue Growth (YoY)	9.25%	6.69%	11.61%	5.49%	2.02%
Cost of Revenue	7,537	7,107	6,699	6,268	6,070
Gross Profit	12,579	11,305	10,559	9,195	8,588
Selling, General & Admin	6,148	4,899	4,269	3,701	3,034
Other Operating Expenses	4,069	3,452	3,216	3,012	2,577
Operating Expenses	10,217	8,351	7,485	6,713	5,611
Operating Income	2,362	2,954	3,074	2,482	2,977
Other Expense / Income	1,299	735	839	824	763
Pretax Income	1,063	2,219	2,235	1,658	2,214
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	1.22	0.94	1.45
EPS Growth	-49.57%	-5.74%	29.79%	-35.17%	8.21%
Free Cash Flow	1,288	1,164	-928	1,752	33
Free Cash Flow Per Share	0.89	0.83	-0.69	1.37	0.03
Dividend Per Share	1.069	1.038	1.017	1.117	1.056
Dividend Growth	2.99%	2.06%	-8.95%	5.78%	31.67%
Gross Margin	62.53%	61.40%	61.18%	59.46%	58.59%
Operating Margin	11.74%	16.04%	17.81%	16.05%	20.31%
Profit Margin	4.18%	8.77%	9.59%	7.81%	11.91%
Free Cash Flow Margin	6.40%	6.32%	-5.38%	11.33%	0.23%
Effective Tax Rate	20.88%	27.22%	25.95%	27.20%	21.14%
EBITDA	5,132	5,671	5,451	4,670	4,791
EBITDA Margin	25.51%	30.80%	31.59%	30.20%	32.69%
Depreciation & Amortization	4,069	3,452	3,216	3,012	2,577
EBIT	1,063	2,219	2,235	1,658	2,214
EBIT Margin	5.28%	12.05%	12.95%	10.72%	15.10%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).