Telus Corp cash flow statement

In fiscal 2025, Telus Corp's operations generated $3.48bn of cash; it spent $1.95bn on capital projects, leaving free cash flow of $1.53bn. It returned $28.6m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Telus Corp: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	2,433	3,043	3,133	2,960	3,411	3,502	3,700	3,335	3,539	3,484
Stock-based pay	−2	13	12	−2	20	111	94	87	110	103
Capital spending	1,782	1,917	1,840	2,089	1,993	2,544	2,531	1,943	1,927	1,953
Free cash flow	651	1,126	1,293	870	1,418	958	1,169	1,391	1,612	1,531
Free cash flow after stock pay	652	1,113	1,281	872	1,398	847	1,075	1,304	1,502	1,428
Dividends paid	809	834	881	866	694	834	914	975	1,141	—
Share buybacks	135	—	77	—	—	—	—	—	—	29

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Telus Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Telus Corp.