disbursements 82 3
Effects of contract asset, acquisition and
fulfilment (IFRS 15 impact) and TELUS Easy
Payment device financing (185) (117)
Effects of lease principal (IFRS 16 impact) (129) (131)
Items from the statements of cash flows:
Share-based compensation, net 24 16
Net employee defined benefit plans
expense 25 27
Employer contributions to employee
defined benefit plans (10) (15)
Interest paid (238) (180)
Interest received 6 2
Capital expenditures (excluding spectrum
licences)(1) (660) (909)
Free cash flow before income taxes 513 168
Income taxes paid, net of refunds (190) (186)
Effect of disposition of financial
solutions business on income taxes paid -- 61
Free cash flow 323 43
------------------------------------------- -------------------- -----
Free cash flow reconciliation with Cash
provided by operating activities
----------------------------------------------- -------------------- -------
Three months ended
December 31
C$ and in millions 2022 2021
Free cash flow 323 43
Add (deduct):
Capital expenditures (excluding spectrum
licences)(1) 660 909
Effects of lease principal and leases
accounted for as finance leases prior to
adoption of IFRS 16 129 131
Gain on disposition of financial
solutions business, net of effect on
income taxes paid -- (349)
Individually immaterial items included in
Net income neither providing nor using
cash 14 162
Cash provided by operating activities 1,126 896
----------------------------------------------- -------------------- ----
(1) Refer to Note 31 of the consolidated financial statements for further information.
Mobile phone average revenue per subscriber per month (ARPU) is calculated as network revenue derived from monthly service plan, roaming and usage charges; divided by the average number of mobile phone subscribers on the network during the period, and is expressed as a rate per month.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with $18 billion in annual revenue and 18 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS' global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.
Operating in 30 countries around the world, TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across high-growth industry verticals, including tech and games, communications and media and eCommerce and fintech.
TELUS Health is a global healthcare leader, which provides employee and family preventative healthcare and wellness solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS' strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventative and mental health outcomes covering 68 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.
Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute $1.5 billion, including 2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let's make the future friendly.
For more information about TELUS, please visit telus.com, follow us at @TELUSNews on Twitter and @Darren_Entwistle on Instagram.
Investor Relations
Robert Mitchell
(647) 837-1606
ir@telus.com
Media Relations
Steve Beisswanger
(514) 865-2787
Steve.Beisswanger@telus.com
(END) Dow Jones Newswires
February 09, 2023 06:48 ET (11:48 GMT)
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