additional statement of cash flow information

6 Months Ended

Jun. 30, 2026

additional statement of cash flow information

additional statement of cash flow information

31	additional statement of cash flow information

(a)Statements of cash flows – operating activities and investing activities


		Three months						Six months
Periods ended June 30 (millions)		2026			2025			2026			2025
OPERATING ACTIVITIES
Net change in non-cash operating working capital
Current
Accounts receivable		$	239		$	34		$	278		$	225
Inventories			(3)			81			21			144
Contract assets			17			16			24			12
Costs incurred to obtain or fulfill contracts with customers (Note 20)			(7)			(4)			78			(21)
Prepaid maintenance and other			(36)			(65)			(180)			(171)
Unrealized change in held for trading derivatives			(5)			(1)			1			(3)
Accounts payable and accrued liabilities (Note 24)			(25)			(70)			(71)			(319)
Advance billings and customer deposits (Note 25)			(56)			(29)			(73)			(41)
Provisions			(20)			(5)			17			1
			104			(43)			95			(173)

Non-current
Contract assets			10			31			11			52
Unbilled customer finance receivables			16			20			34			22
Unrealized change in held for trading derivatives			(3)			—			(14)			—
Costs incurred to obtain or fulfill contracts with customers (Note 20)			(18)			(14)			(2)			(28)
Prepaid maintenance			(3)			3			(19)			8
Refundable security deposits and other			3			(5)			(1)			(5)
Provisions (Note 25)			13			(26)			(31)			(110)
Contract liabilities (Note 24, 27)			9			25			22			35
Other post-employment benefit liabilities			(1)			1			(4)			6
Other long-term liabilities			37			5			45			—
			63			40			41			(20)
		$	167		$	(3)		$	136		$	(193)

INVESTING ACTIVITIES
Cash payments for capital assets, excluding spectrum licences
Capital asset additions
Gross capital expenditures
Property, plant and equipment (Note 17)		$	(775)		$	(796)		$	(1,422)		$	(1,397)
Intangible assets subject to amortization (Note 18)			(259)			(248)			(524)			(449)
			(1,034)			(1,044)			(1,946)			(1,846)
Additions arising from leases (Note 17)			356			349			592			564
Additions arising from non-monetary transactions			—			17			25			17
Capital expenditures (Note 5)			(678)			(678)			(1,329)			(1,265)
Other non-cash items included above
Change in associated non-cash investing working capital			81			80			(25)			13
		$	(597)		$	(598)		$	(1,354)		$	(1,252)

1	For the three-month period ended June 30, 2026, includes capital expenditures of $19 (2025 – $NIL) and for the six-month period ended June 30, 2026, includes capital expenditures of $28 (2025 – $NIL) in respect of our Terrion subsidiary (see Note 28(b)).

(b)Changes in liabilities arising from financing activities


	Three-month period ended June 30, 2025												Three-month period ended June 30, 2026
			Statement of cash flows				Non-cash changes								Statement of cash flows				Non-cash changes
							Foreign												Foreign
					Redemptions,		exchange										Redemptions,		exchange
	Beginning of		Issued or		repayments or		movement						Beginning of		Issued or		repayments or		movement
(millions)	period		received		payments		(Note 4(e))		Other		End of period		period		received		payments		(Note 4(e))		Other		End of period
Dividends payable to holders of Common Shares	$	610	$	—	$	(610)	$	—	$	634	$	634	$	653	$	—	$	(653)	$	—	$	659	$	659
Dividends reinvested in shares from Treasury		—		—		205		—		(205)		—		—		—		219		—		(219)		—
	$	610	$	—	$	(405)	$	—	$	429	$	634	$	653	$	—	$	(434)	$	—	$	440	$	659
Short-term borrowings	$	1,325	$	19	$	(349)	$	(73)	$	—	$	922	$	920	$	475	$	(188)	$	18	$	—	$	1,225
Net-settled derivatives used to manage currency risk arising from U.S. dollar-denominated short-term borrowings – liability (asset)		(6)		—		(60)		67		—		1		—		41		(19)		(23)		—		(1)
	$	1,319	$	19	$	(409)	$	(6)	$	—	$	923	$	920	$	516	$	(207)	$	(5)	$	—	$	1,224

Long-term debt
TELUS Corporation senior notes	$	21,277	$	—	$	—	$	(238)	$	6	$	21,045	$	17,664	$	—	$	(500)	$	80	$	3	$	17,247
TELUS Corporation commercial paper		2,116		662		(1,690)		(97)		—		991		1,643		1,338		(933)		45		—		2,093
TELUS Corporation credit facilities		—		770		(764)		(6)		—		—		—		—		—		—		—		—
Other (unsecured)		—		280		—		(7)		—		273		299		13		(273)		(5)		—		34
TELUS Corporation junior subordinated notes		—		4,451		—		(5)		(32)		4,414		7,322		—		—		81		—		7,403
Other (secured)		580		—		(129)		—		117		568		489		—		(10)		—		—		479
Lease liabilities		2,902		—		(176)		7		360		3,093		2,714		—		(100)		3		358		2,975
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)		(65)		1,709		(1,742)		382		(65)		219		(112)		933		(919)		(206)		150		(154)
TELUS Communications Inc. debentures		200		—		—		—		—		200		—		—		—		—		—		—
TELUS International (Cda) Inc. credit facility		1,649		306		(256)		(91)		2		1,610		—		—		—		—		—		—
		28,659		8,178		(4,757)		(55)		388		32,413		30,019		2,284		(2,735)		(2)		511		30,077
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt		—		(1,709)		1,709		—		—		—		—		(933)		933		—		—		—
	$	28,659	$	6,469	$	(3,048)	$	(55)	$	388	$	32,413	$	30,019	$	1,351	$	(1,802)	$	(2)	$	511	$	30,077
Partnership distributions payable to non-controlling interests	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(9)	$	—	$	9	$	—


		Six-month period ended June 30, 2025												Six-month period ended June 30, 2026
				Statement of cash flows				Non-cash changes								Statement of cash flows				Non-cash changes
								Foreign												Foreign
						Redemptions,		exchange										Redemptions,		exchange
		Beginning of		Issued or		repayments or		movement						Beginning of		Issued or		repayments or		movement
(millions)		period		received		payments		(Note 4(e))		Other		End of period		period		received		payments		(Note 4(e))		Other		End of period
Dividends payable to holders of Common Shares		$	605	$	—	$	(1,215)	$	—	$	1,244	$	634	$	649	$	—	$	(1,302)	$	—	$	1,312	$	659
Dividends reinvested in shares from Treasury			—		—		408		—		(408)		—		—		—		438		—		(438)		—
		$	605	$	—	$	(807)	$	—	$	836	$	634	$	649	$	—	$	(864)	$	—	$	874	$	659
Short-term borrowings		$	922	$	413	$	(351)	$	(62)	$	—	$	922	$	920	$	485	$	(209)	$	29	$	—	$	1,225
Net-settled derivatives used to manage currency risk arising from U.S. dollar-denominated short-term borrowings – liability (asset)			2		9		(62)		52		—		1		—		64		(28)		(37)		—		(1)
		$	924	$	422	$	(413)	$	(10)	$	—	$	923	$	920	$	549	$	(237)	$	(8)	$	—	$	1,224

Long-term debt
TELUS Corporation senior notes		$	22,077	$	—	$	(800)	$	(242)	$	10	$	21,045	$	18,191	$	—	$	(1,100)	$	148	$	8	$	17,247
TELUS Corporation commercial paper			1,404		2,124		(2,440)		(97)		—		991		952		2,698		(1,630)		73		—		2,093
TELUS Corporation credit facilities			—		770		(764)		(6)		—		—		—		—		—		—		—		—
Other (unsecured)			—		280		—		(7)		—		273		295		13		(273)		(1)		—		34
TELUS Corporation junior subordinated notes			—		4,451		—		(5)		(32)		4,414		7,250		—		—		151		2		7,403
Other (secured)			588		—		(137)		—		117		568		537		—		(21)		—		(37)		479
Lease liabilities			2,882		—		(369)		19		561		3,093		3,314		—		(945)		4		602		2,975
Derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt – liability (asset)			(68)		2,479		(2,498)		410		(104)		219		71		1,630		(1,616)		(372)		133		(154)
TELUS Communications Inc. debentures			200		—		—		—		—		200		—		—		—		—		—		—
TELUS International (Cda) Inc. credit facility			1,703		507		(509)		(93)		2		1,610		—		—		—		—		—		—
			28,786		10,611		(7,517)		(21)		554		32,413		30,610		4,341		(5,585)		3		708		30,077
To eliminate effect of gross settlement of derivatives used to manage currency risk arising from U.S. dollar-denominated long-term debt			—		(2,479)		2,479		—		—		—		—		(1,630)		1,630		—		—		—
		$	28,786	$	8,132	$	(5,038)	$	(21)	$	554	$	32,413	$	30,610	$	2,711	$	(3,955)	$	3	$	708	$	30,077
Partnership distributions payable to non-controlling interests		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	(14)	$	—	$	14	$	—