Performance at a glance
Key highlights of the year
Operations
+0.7%
Operating revenues
2024 : $20.1 billion
2023 : $20.0 billion
2023 : $20.0 billion
+8.2%
Net income
2024 : $938 million
2023 : $867 million
2023 : $867 million
+2.6%
Adjusted EBITDA1
2024 : $7.3 billion
2023 : $7.1 billion
2023 : $7.1 billion
+16%
Basic EPS
2024 : $0.67
2023 : $0.58
2023 : $0.58
+9.5%
Adjusted basic EPS1
2024 : $1.04
2023 : $0.95
2023 : $0.95
+7.0%
Dividends declared per share
2024 : $1.5566
2023 : $1.4544
2023 : $1.4544
Financial Resources
+3.4%
Total assets
2024 : $58.0 billion
2023 : $56.1 billion
2023 : $56.1 billion
+7.7%
Cash from operations
2024 : $4.8 billion
2023 : $4.5 billion
2023 : $4.5 billion
+12%
Free cash flow1
2024 : $2.0 billion
2023 : $1.8 billion
2023 : $1.8 billion
-6.6%
Capital expenditures
2024 : $2.6 billion
2023 : $2.8 billion
2023 : $2.8 billion
-2 pts
Capital expenditure intensity2
2024 : 12%
2023 : 14%
2023 : 14%
+1.2 pts
Return on common equity3
2024 : 6.3%
2023 : 5.1%
2023 : 5.1%
Connections4
+346,000
Mobile phone subscribers
2024: 10.15 million
2023: 9.80 million
2023: 9.80 million
+615,000
Connected device subscribers
2024 : 3.73 million
2023 : 3.11 million
2023 : 3.11 million
+134,000
Internet subscribers
2024 : 2.76 million
2023 : 2.63 million
2023 : 2.63 million
+92,000
TV net additions
TV subscribers5
2024 : 1.39 million
2023 : 1.39 million
2023 : 1.39 million
+64,000
Security subscribers
2024 : 1.12 million
2023 : 1.06 million
2023 : 1.06 million
+6.7 million
Healthcare lives covered
2024 : 76.2 million
2023 : 69.5 million
2023 : 69.5 million
Financial and operating highlights
Operations
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TELUS technology solutions (TTech) segment
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TELUS digital experience (TELUS Digital) segment
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Financial position
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Liquidity and capital resources
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Telecom subscriber and health connections4
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