TELUS Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,308	2,621	869	864	974	723
Trading Asset Securities	13	-	1	18	27	2
Cash & Short-Term Investments	1,321	2,621	870	882	1,001	725
Cash Growth	-28.40%	201.26%	-1.36%	-11.89%	38.07%	-14.71%
Accounts Receivable	3,585	3,794	3,794	3,760	3,451	2,876
Other Receivables	705	633	506	487	430	451
Receivables	4,290	4,427	4,300	4,247	3,881	3,327
Inventory	458	482	629	484	537	448
Prepaid Expenses	512	421	403	385	352	288
Other Current Assets	470	421	430	315	321	244
Total Current Assets	7,051	8,372	6,632	6,313	6,092	5,032
Property, Plant & Equipment	17,945	17,457	17,291	17,248	17,084	15,926
Long-Term Investments	1,227	1,164	1,058	826	609	497
Goodwill	8,097	10,460	10,564	10,058	9,131	7,270
Other Intangible Assets	19,799	20,328	20,593	19,721	19,239	17,485
Long-Term Accounts Receivable	838	860	955	940	891	844
Long-Term Deferred Tax Assets	82	74	18	38	19	35
Long-Term Deferred Charges	401	370	301	218	154	109
Other Long-Term Assets	1,894	528	616	680	736	671
Total Assets	57,334	59,613	58,028	56,136	54,069	47,983

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	1,342	982	1,126	996	1,382	1,213
Accrued Expenses	2,689	2,617	2,504	2,610	2,570	2,492
Short-Term Debt	1,576	920	922	104	104	114
Current Portion of Long-Term Debt	3,720	2,434	3,248	3,454	2,555	2,443
Current Portion of Leases	134	678	-	558	-	504
Current Income Taxes Payable	117	141	142	126	112	104
Current Unearned Revenue	849	893	838	736	679	652
Other Current Liabilities	747	1,024	1,056	894	884	751
Total Current Liabilities	11,174	9,689	9,836	9,478	8,286	8,273
Long-Term Debt	22,949	24,947	22,812	21,490	20,180	16,626
Long-Term Leases	3,104	2,636	2,882	2,056	2,340	1,372
Long-Term Unearned Revenue	245	203	166	90	90	93
Pension & Post-Retirement Benefits	545	551	533	529	460	709
Long-Term Deferred Tax Liabilities	4,416	4,292	4,231	4,390	4,455	4,045
Other Long-Term Liabilities	650	716	770	801	600	806
Total Liabilities	43,083	43,034	41,230	38,834	36,411	31,924

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	14,806	14,096	13,124	12,324	11,399	9,644
Additional Paid-In Capital	1,659	1,577	1,081	997	956	1,013
Retained Earnings	-2,919	98	1,520	2,835	4,104	4,256
Comprehensive Income & Other	-103	4	-105	-44	110	203
Total Common Equity	13,443	15,775	15,620	16,112	16,569	15,116
Minority Interest	808	804	1,178	1,190	1,089	943
Shareholders' Equity	14,251	16,579	16,798	17,302	17,658	16,059
Total Liabilities & Equity	57,334	59,613	58,028	56,136	54,069	47,983

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	31,483	31,615	29,864	27,662	25,179	21,059
Net Cash (Debt)	-30,162	-28,994	-28,994	-26,780	-24,178	-20,334
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-19.23	-18.89	-19.42	-18.38	-17.23	-15.05
Filing Date Shares Outstanding	1,592	1,561	1,514	1,476	1,438	1,370
Total Common Shares Outstanding	1,590	1,549	1,504	1,468	1,431	1,370
Working Capital	-4,123	-1,317	-3,204	-3,165	-2,194	-3,241
Book Value Per Share	8.45	10.19	10.39	10.98	11.58	11.03
Tangible Book Value	-14,453	-15,013	-15,537	-13,667	-11,801	-9,639
Tangible Book Value Per Share	-9.09	-9.69	-10.33	-9.31	-8.25	-7.03
Land	83	85	88	83	83	75
Buildings	4,164	4,018	3,982	3,830	3,746	3,537
Machinery	2,018	1,898	1,871	1,842	1,772	1,525
Construction In Progress	1,006	721	505	689	815	771

SEC Filings: 10-K · 10-Q