Annual report - About TELUS

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community investment > TELUS’ community investment We are committed to improving the quality of life in the communities where our customers and employees live and work. We are proud to be an Imagine Caring Company, a designation given by The Canadian Centre for Philanthropy to companies that donate at least one per cent of their pre-tax profits to charitable organizations. In 2000, we contributed more than $13 million of financial and in-kind assistance to health, education, arts and charitable organizations across Canada. In addition, we match donations pledged by employees and retirees to Canadian charities during our annual workplace campaign. Last year, TELUS and its employees donated more than $2.8 million to approximately 1,100 charities. Later this year, we will publish a comprehensive social responsibility report online at www.telus.com. > financial review table of contents 39 Quarterly Financial Data 40 Seven Year Statistics Management Discussion and Analysis 42 Corporate Background 42 Overview 43 Results of Operations 47 Liquidity and Capital Resources 49 Forward-Looking Statements 50 2001 Financing Plan one team > one brand > one strategy > 38 50 Reporting Back on 2000 Key Issues 53 Outlook 2001 55 Risks and Uncertainties Consolidated Financial Statements 61 Management’s Report 61 Auditors’ Report 62 Consolidated Financial Statements 65 Notes to Consolidated Financial Statements
Three Months Ended (millions) 2000 1999 Mar 31 Jun 30 Sep 30 Dec 31 Total Mar 31 Jun 30 Sep 30 Dec 31 Total Operating revenues $ 1,477.8 $ 1,528.9 $ 1,626.3 $ 1,800.2 $ 6,433.2 $ 1,430.2 $ 1,454.8 $ 1,460.3 $ 1,527.0 $ 5,872.3 Operations expense 872.7 904.3 979.6 1,211.8 3,968.4 863.3 882.4 870.1 929.1 3,544.9 EBITDA 605.1 624.6 646.7 588.4 2,464.8 566.9 572.4 590.2 597.9 2,327.4 Depreciation and amortization Amortization of acquired 271.7 276.6 282.9 332.1 1,163.3 261.2 263.0 264.5 265.9 1,054.6 intangible assets – – – 24.6 24.6 – – – – – Operating Income 333.4 348.0 363.8 231.7 1,276.9 305.7 309.4 325.7 332.0 1,272.8 Other income 2.9 7.8 9.1 10.3 30.1 2.3 3.5 5.7 28.7 40.2 Financing costs 45.0 58.1 71.4 142.4 316.9 46.6 45.2 50.3 46.6 188.7 Restructuring costs – – – – – 466.3 – – – 466.3 Income (Loss) before Income Taxes, Non-Controlling Interest and Goodwill Amortization 291.3 297.7 301.5 99.6 990.1 (204.9) 267.7 281.1 314.1 658.0 Income taxes 127.8 127.9 131.0 109.4 496.1 (77.8) 130.3 134.3 110.1 296.9 Income (Loss) before Non-Controlling Interest and Goodwill Amortization 163.5 169.8 170.5 (9.8) 494.0 (127.1) 137.4 146.8 204.0 361.1 Non-controlling interest 0.5 2.4 3.0 2.8 8.7 0.4 1.1 0.4 2.0 3.9 Net Income (Loss) before Goodwill Amortization 163.0 167.4 167.5 (12.6) 485.3 (127.5) 136.3 146.4 202.0 357.2 Goodwill amortization 0.6 2.4 6.5 14.8 24.3 2.1 2.0 2.1 1.3 7.5 Net Income (Loss) Preference and preferred 162.4 165.0 161.0 (27.4) 461.0 (129.6) 134.3 144.3 200.7 349.7 share dividends Interest on convertible 0.9 0.9 0.9 0.8 3.5 1.1 0.7 0.8 0.9 3.5 debentures – – – 1.5 1.5 – – – – – Common Share Income (Loss) $161.5 $164.1 $160.1 $(29.7) $456.0 $(130.7) $133.6 $143.5 $199.8 $346.2 Earnings (Loss) per Common Share ($) 0.68 0.69 0.68 (0.11) 1.85 (0.55) 0.56 0.61 0.84 1.46 Cash earnings per common share1 EPS before restructuring costs 0.70 0.71 0.71 0.24 2.31 0.57 0.57 0.62 0.85 2.61 and goodwill charges Average Common Shares 0.69 0.70 0.70 (0.05) 1.94 0.57 0.57 0.62 0.85 2.61 Outstanding (millions) 236.8 236.9 237.0 276.9 247.0 236.6 236.6 236.6 236.6 236.6 1 Cash EPS: Common share income before amortization of acquired intangible assets, restructuring costs net of tax, revaluation of future tax assets, and goodwill amortization, on a per share basis > 39 < quarterly financial data
Page 1 and 2: “TELUS is on track to lead the Ca
Page 3 and 4: We have a track record of achieving
Page 5 and 6: CASH FLOW 4 ($ millions) 1,487 96 1
Page 7 and 8: Darren Entwistle President & CEO Si
Page 9 and 10: We have restructured the Company to
Page 11 and 12: ° We began running our first telev
Page 13 and 14: fresh experience and perspective; a
Page 15 and 16: 11 1 6 12 7 2 3 13 14 15 8 9 10 4 5
Page 17 and 18: Starting January 2001, we changed o
Page 19 and 20: 25% > targets 12% 33% > targets 75%
Page 21 and 22: Creating the New TELUS Mobility Bui
Page 23 and 24: subscriber base compared to 1999. T
Page 25 and 26: Developing an Unbeatable Integrated
Page 27 and 28: Internet, we bridge the gap and hel
Page 29 and 30: Building Sustainable Relationships
Page 31 and 32: TELUS Québec is continuing to targ
Page 33 and 34: We’re developing and marketing wh
Page 35 and 36: The acquisition of Clearnet allowed
Page 37 and 38: TELUS Mobility is following a three
Page 39: Some examples include: ° The TELUS
Page 43 and 44: segmented statistics TELUS Consolid
Page 45 and 46: ° Acquired 70% of QuébecTel for $
Page 47 and 48: TELUS Mobility Expenses TELUS Mobil
Page 49 and 50: 2.14 Cash EPS, normalized to exclud
Page 51 and 52: LIQUIDITY AND CAPITAL RESOURCE RATI
Page 53 and 54: 400 communities over the next 10 ye
Page 55 and 56: OUTLOOK 2001 Telecommunications Ind
Page 57 and 58: RISKS AND UNCERTAINTIES The followi
Page 59 and 60: prices. Accordingly, there can be n
Page 61 and 62: In 2002, the calculation of the con
Page 63 and 64: management’s report Management is
Page 65 and 66: consolidated balance sheet As At De
Page 67 and 68: notes to consolidated financial sta
Page 69 and 70: (g) Income Taxes The Company and it
Page 71 and 72: ° On August 17, 2000, the Company
Page 73 and 74: 10. CAPITAL ASSETS, NET Accumulated
Page 75 and 76: (millions) Series Rate Maturity 200
Page 77 and 78: Upon a change of control as defined
Page 79 and 80: (d) Stock Option Plans The Company
Page 81 and 82: 15. COMMITMENTS AND CONTINGENT LIAB
Page 83 and 84: The Company’s net benefit plan ex
Page 85 and 86: The following is a reconciliation o
Page 87 and 88: (c) Depreciation Under the purchase
Page 89 and 90: Recently Issued Accounting Standard
Page 91 and 92:
Daniel Delaloye > Executive Vice-Pr
Page 93 and 94:
usiness enablement Patricia Bowles
Page 95 and 96:
3G: Third Generation, describes nex
Page 97 and 98:
Stock Exchanges and Trading Symbols
Page 99 and 100:
Registered Shareholders 2000 1999 T
Page 101 and 102:
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Annual report - About TELUS

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