Telus Corp. (TU) financial statements: income statement, balance sheet and cash flow
Telus Corp.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Telus Corp. reported revenue of $20.5B (+0.6% year on year) and net income of $777.0M (-17.2% year on year).
Income statement
Telus Corp. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Service
$18.0B
$17.6B
$17.5B
$16.0B
Equipment
$2.3B
$2.6B
$2.5B
$2.3B
Operating revenues (arising from contracts with customers)
$20.3B
$20.1B
$20.0B
$18.3B
Other income
$160.0M
$247.0M
$111.0M
$120.0M
Operating revenues and other income
$20.5B
$20.4B
$20.1B
$18.4B
Goods and services purchased
$7.7B
$7.6B
$7.5B
$7.1B
Employee benefits expense
$5.9B
$5.9B
$6.1B
$4.9B
Depreciation
$2.5B
$2.5B
$2.5B
$2.2B
Amortization of intangible assets
$1.6B
$1.5B
$1.6B
$1.2B
Impairment of goodwill
$500.0M
—
—
—
Total
$18.1B
$17.6B
$17.8B
$15.5B
OPERATING INCOME
$2.4B
$2.8B
$2.4B
$3.0B
Financing costs
$1.2B
$1.6B
$1.3B
$632.0M
INCOME BEFORE INCOME TAXES
$1.2B
$1.2B
$1.1B
$2.3B
Income taxes
$425.0M
$290.0M
$222.0M
$604.0M
Change in unrealized fair value of derivatives designated as cash flow hedges
$51.0M
($101.0M)
($137.0M)
($101.0M)
Foreign currency translation adjustment arising from translating financial statements of foreign operations
($19.0M)
$133.0M
($30.0M)
$41.0M
Total items that may subsequently be reclassified to income
$32.0M
$32.0M
($167.0M)
($60.0M)
Change in measurement of investment financial assets
$6.0M
($20.0M)
($12.0M)
$7.0M
Employee defined benefit plan re-measurements
$16.0M
$5.0M
$1.0M
$132.0M
Total items never subsequently reclassified to income
$22.0M
($15.0M)
($11.0M)
$139.0M
Total
$54.0M
$17.0M
($178.0M)
$79.0M
Common Shares
1.1B
993.0M
841.0M
1.6B
Non-controlling interests
($336.0M)
($55.0M)
$26.0M
$103.0M
NET INCOME
$777.0M
$938.0M
$867.0M
$1.7B
Common Shares
1.2B
937.0M
688.0M
1.7B
Non-controlling interests
($347.0M)
$18.0M
$1.0M
$143.0M
COMPREHENSIVE INCOME
$831.0M
$955.0M
$689.0M
$1.8B
Basic
$0.73
$0.67
$0.58
$1.16
Diluted
$0.72
$0.67
$0.58
$1.15
Basic
1.5B
1.5B
1.5B
1.4B
Diluted
1.5B
1.5B
1.5B
1.4B
Telus Corp. income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Service
$8.9B
$8.9B
$8.7B
$8.7B
Equipment
$983.0M
$1.1B
$1.1B
$1.2B
Operating revenues (arising from contracts with customers)
$9.9B
$10.0B
$9.8B
$9.9B
Other income
$33.0M
$90.0M
$140.0M
$51.0M
Operating revenues and other income
$9.9B
$10.1B
$9.9B
$9.9B
Goods and services purchased
$3.7B
$3.7B
$3.6B
$3.6B
Employee benefits expense
$3.1B
$3.0B
$3.0B
$3.1B
Depreciation
$1.2B
$1.2B
$1.3B
$1.2B
Amortization of intangible assets
$839.0M
$803.0M
$759.0M
$790.0M
Impairment of intangible assets and goodwill
$2.1B
—
—
—
Total
$11.0B
$9.2B
$8.6B
$8.7B
OPERATING INCOME (LOSS)
($1.0B)
$927.0M
$1.3B
$1.2B
Financing costs
$755.0M
$717.0M
$776.0M
$643.0M
INCOME (LOSS) BEFORE INCOME TAXES
($1.8B)
$210.0M
$481.0M
$538.0M
Income taxes
($107.0M)
$154.0M
$120.0M
$118.0M
Change in unrealized fair value of derivatives designated as cash flow hedges
($112.0M)
($14.0M)
$32.0M
($35.0M)
Foreign currency translation adjustment arising from translating financial statements of foreign operations
$103.0M
($18.0M)
$41.0M
($35.0M)
Total items that may subsequently be reclassified to income
($9.0M)
($32.0M)
$73.0M
($70.0M)
Change in measurement of investment financial assets
($7.0M)
$7.0M
($3.0M)
($8.0M)
Employee defined benefit plan re-measurements
$12.0M
$26.0M
$51.0M
($1.0M)
Total items never subsequently reclassified to income
$5.0M
$33.0M
$48.0M
($9.0M)
Total
($4.0M)
$1.0M
$121.0M
($79.0M)
Common Shares
-1.7B
328.0M
355.0M
417.0M
NET INCOME (LOSS)
($1.7B)
$56.0M
$361.0M
$420.0M
Common Shares
-1.7B
374.0M
446.0M
355.0M
Non-controlling interests
$18.0M
($272.0M)
$6.0M
$3.0M
COMPREHENSIVE INCOME (LOSS)
($1.7B)
$57.0M
$482.0M
$341.0M
Basic
-$1.09
$0.22
$0.24
$0.29
Diluted
-$1.09
$0.22
$0.24
$0.29
Basic
1.6B
1.5B
1.5B
1.4B
Diluted
1.6B
1.5B
1.5B
1.4B
Balance sheet
Telus Corp. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and temporary investments, net
$2.6B
$869.0M
$864.0M
$974.0M
Accounts receivable
$3.8B
$3.7B
$3.6B
$3.3B
Income and other taxes receivable
$173.0M
$161.0M
$205.0M
$143.0M
Inventories
$482.0M
$629.0M
$484.0M
$537.0M
Contract assets
$457.0M
$465.0M
$445.0M
$441.0M
Costs incurred to obtain or fulfill contracts with customers
$413.0M
—
—
—
Prepaid maintenance and other
$421.0M
—
—
—
Current derivative assets
$8.0M
$65.0M
$36.0M
$83.0M
Total
$8.4B
$6.6B
$6.3B
$6.1B
Property, plant and equipment, net
$17.5B
$17.3B
$17.2B
$17.1B
Intangible assets, net
$20.3B
$20.6B
$19.7B
$19.2B
Goodwill, net
$10.5B
$10.5B
$10.1B
$9.2B
Contract assets
$274.0M
$325.0M
$303.0M
$320.0M
Other long-term assets
$2.7B
$2.6B
$2.5B
$2.2B
Total
$51.2B
$51.4B
$49.8B
$48.0B
Assets
$59.6B
$58.0B
$56.1B
$54.0B
Short-term borrowings
$920.0M
$922.0M
$104.0M
$104.0M
Accounts payable and accrued liabilities
$3.5B
$3.6B
$3.4B
$3.9B
Income and other taxes payable
$141.0M
$142.0M
$126.0M
$112.0M
Dividends payable
$649.0M
$605.0M
$550.0M
$502.0M
Advance billings and customer deposits
$1.1B
$1.0B
$971.0M
$891.0M
Provisions
$300.0M
$236.0M
$317.0M
$166.0M
Current maturities of long-term debt
$3.1B
$3.2B
$4.0B
$2.5B
Current derivative liabilities
$30.0M
$11.0M
$25.0M
$18.0M
Total
$9.7B
$9.8B
$9.5B
$8.3B
Provisions
$661.0M
$686.0M
$744.0M
$538.0M
Long-term debt
$27.4B
$25.6B
$23.4B
$22.5B
Other long-term liabilities
$955.0M
$869.0M
$867.0M
$636.0M
Deferred income taxes
$4.3B
$4.2B
$4.4B
$4.4B
Total
$33.3B
$31.4B
$29.4B
$28.1B
Liabilities
$43.0B
$41.2B
$38.8B
$36.4B
Common equity
$15.8B
$15.6B
$16.1B
$16.6B
Non-controlling interests
$804.0M
$1.2B
$1.2B
$1.1B
Total
$16.6B
$16.8B
$17.3B
$17.7B
Total
$59.6B
$58.0B
$56.1B
$54.0B
Telus Corp. balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Cash and temporary investments, net
$1.4B
$3.7B
$927.0M
$649.0M
Accounts receivable
$3.5B
$3.5B
$3.5B
$3.2B
Income and other taxes receivable
$227.0M
$225.0M
$129.0M
$171.0M
Inventories
$461.0M
$485.0M
$530.0M
$580.0M
Contract assets
$433.0M
$453.0M
$422.0M
$427.0M
Costs incurred to obtain or fulfill contracts with customers
$335.0M
$387.0M
—
—
Prepaid maintenance and other
$601.0M
$578.0M
—
—
Current derivative assets
$142.0M
$12.0M
$35.0M
$55.0M
Total
$7.1B
$9.3B
$6.4B
$5.9B
Property, plant and equipment, net
$17.8B
$17.6B
$17.2B
$17.3B
Intangible assets, net
$19.9B
$20.5B
$20.6B
$19.9B
Goodwill, net
$8.9B
$10.4B
$10.3B
$10.0B
Contract assets
$263.0M
$273.0M
$279.0M
$290.0M
Other long-term assets
$2.8B
$2.5B
$2.5B
$2.3B
Total
$49.7B
$51.3B
$50.9B
$49.7B
Assets
$56.8B
$60.6B
$57.3B
$55.7B
Short-term borrowings
$1.2B
$922.0M
$1.0B
$594.0M
Accounts payable and accrued liabilities
$3.5B
$3.4B
$3.3B
$3.2B
Income and other taxes payable
$140.0M
$141.0M
$146.0M
$120.0M
Dividends payable
$659.0M
$634.0M
$577.0M
$526.0M
Advance billings and customer deposits
$980.0M
$1.0B
$1.0B
$942.0M
Provisions
$393.0M
$244.0M
$243.0M
$240.0M
Current maturities of long-term debt
$3.8B
$4.5B
$3.3B
$3.7B
Current derivative liabilities
$21.0M
$79.0M
$7.0M
$39.0M
Total
$10.7B
$10.9B
$9.7B
$9.4B
Provisions
$572.0M
$620.0M
$734.0M
$664.0M
Long-term debt
$26.4B
$27.7B
$24.8B
$22.9B
Other long-term liabilities
$975.0M
$995.0M
$752.0M
$722.0M
Deferred income taxes
$4.1B
$4.3B
$4.3B
$4.4B
Total
$32.0B
$33.6B
$30.6B
$28.7B
Liabilities
$42.7B
$44.5B
$40.3B
$38.1B
Common equity
$13.3B
$15.2B
$15.8B
$16.4B
Non-controlling interests
$808.0M
$882.0M
$1.2B
$1.2B
Total
$14.1B
$16.1B
$17.0B
$17.6B
Total
$56.8B
$60.6B
$57.3B
$55.7B
Cash flow statement
Telus Corp. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$777.0M
$938.0M
$867.0M
$1.7B
Depreciation and amortization
$4.1B
$4.0B
$4.1B
$3.5B
Impairment of goodwill
$500.0M
—
—
—
Deferred income taxes
($72.0M)
($167.0M)
($140.0M)
$31.0M
Share-based compensation expense, net
$144.0M
$151.0M
$117.0M
$122.0M
Net employee defined benefit plans expense
$60.0M
$73.0M
$72.0M
$101.0M
Employer contributions to employee defined benefit plans
($23.0M)
($22.0M)
($28.0M)
($44.0M)
Gain on contributions of real estate to joint ventures
($44.0M)
($110.0M)
—
—
(Income) loss from equity accounted investments
($1.0M)
$18.0M
$26.0M
$7.0M
Gain on purchase of long-term debt
($303.0M)
—
—
—
Other
($126.0M)
($91.0M)
($109.0M)
($143.0M)
Net change in non-cash operating working capital
($105.0M)
$21.0M
($326.0M)
($193.0M)
Cash provided by operating activities
$4.9B
$4.8B
$4.5B
$4.8B
Cash payments for capital assets, excluding spectrum licences
($2.5B)
($2.8B)
($3.2B)
($3.6B)
Cash payments for acquisitions, net
($531.0M)
($359.0M)
($1.3B)
($1.5B)
Advances to, and investments in, real estate joint ventures and associates
($3.0M)
($18.0M)
($138.0M)
($21.0M)
Real estate joint venture receipts
$1.0M
$109.0M
$10.0M
$5.0M
Proceeds on disposition
$114.0M
$21.0M
$12.0M
$16.0M
Investment in portfolio investments and other
($106.0M)
($66.0M)
($132.0M)
($214.0M)
Cash used by investing activities
($3.0B)
($3.7B)
($4.7B)
($5.4B)
Dividends paid to holders of Common Shares
-1.6B
-1.6B
-1.3B
-1.2B
Purchase of Common Shares for cancellation
-40.0M
—
—
—
Issue (repayment) of short-term borrowings, net
$13.0M
$825.0M
($2.0M)
($17.0M)
Long-term debt issued
$12.8B
$6.5B
$9.2B
$10.3B
Redemptions and repayment of long-term debt
($11.6B)
($6.8B)
($7.7B)
($8.0B)
Equity of subsidiary issued to non-controlling interest
$1.3B
—
—
—
Shares of subsidiary purchased from non-controlling interests, net
-713.0M
-25.0M
-57.0M
—
Financing activity transaction costs and other
($109.0M)
($17.0M)
($20.0M)
($46.0M)
Cash used by financing activities
($74.0M)
($1.1B)
$139.0M
$848.0M
Increase in cash and temporary investments, net
$1.8B
$5.0M
($110.0M)
$251.0M
Cash and temporary investments, net, beginning of period
$869.0M
$864.0M
$974.0M
$723.0M
Cash and temporary investments, net, end of period
$2.6B
$869.0M
$864.0M
$974.0M
Interest paid
($1.4B)
($1.3B)
($1.2B)
($816.0M)
Interest received
$53.0M
$33.0M
$23.0M
$17.0M
Income taxes paid, net
($480.0M)
($358.0M)
($389.0M)
($519.0M)
Telus Corp. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Net income (loss)
($1.7B)
$56.0M
$361.0M
$420.0M
Depreciation and amortization
$2.0B
$2.0B
$2.1B
$2.0B
Impairment of intangible assets and goodwill
$2.1B
—
—
—
Income tax expense (recovery)
($107.0M)
—
—
—
Income taxes paid, net
($128.0M)
($297.0M)
($195.0M)
($279.0M)
Investment tax credits and tax other
($15.0M)
—
—
—
Share-based compensation expense, net
$83.0M
$79.0M
$66.0M
$73.0M
Net employee defined benefit plans expense
$31.0M
$29.0M
$34.0M
$31.0M
Employer contributions to employee defined benefit plans
($9.0M)
($10.0M)
($14.0M)
($16.0M)
Gain on contributions of real estate to joint ventures
($15.0M)
($8.0M)
—
—
(Income) loss from equity accounted investments, net
($1.0M)
($2.0M)
$10.0M
$8.0M
Other
($45.0M)
($34.0M)
($45.0M)
($58.0M)
Net change in non-cash operating working capital
$136.0M
($274.0M)
$37.0M
($513.0M)
Cash provided by operating activities
$2.4B
$2.2B
$2.3B
$1.9B
Cash payments for capital assets, excluding spectrum licences
($1.4B)
($1.3B)
($1.5B)
($1.8B)
Cash payments for spectrum licences
($373.0M)
—
($620.0M)
($5.0M)
Advances to, and investment in, real estate joint ventures and associates
($1.0M)
—
($5.0M)
($117.0M)
Real estate joint venture receipts
$6.0M
$1.0M
$3.0M
$4.0M
Proceeds on disposition
$9.0M
$73.0M
$21.0M
$7.0M
Investment in portfolio investments and other
($103.0M)
($56.0M)
($1.0M)
($115.0M)
Cash used by investing activities
($1.8B)
($1.7B)
($2.2B)
($3.2B)
Dividends paid to holders of Common Shares
-864.0M
-807.0M
—
-638.0M
Issue (repayment) of short-term borrowings, net
$312.0M
$9.0M
$940.0M
$490.0M
Long-term debt issued
$2.7B
$8.1B
$3.8B
$5.5B
Redemptions and repayment of long-term debt
($4.0B)
($5.0B)
($4.0B)
($4.3B)
Partnership distributions to non-controlling interest
($14.0M)
—
—
—
Cash provided (used) by financing activities
($1.8B)
$2.3B
($28.0M)
$1.0B
Increase (decrease) in cash and temporary investments, net
($1.2B)
$2.8B
$63.0M
($325.0M)
Cash and temporary investments, net, beginning of period
$2.6B
$869.0M
$864.0M
$974.0M
Cash and temporary investments, net, end of period