TELUS CORP
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Feb 9, 2024
Contents
EX-99.4 · EBIT – TTech segment
EBIT – TTech segment
| · · · · · · · | |||
|---|---|---|---|
| Years ended December 31 ($ in millions) · 2023 · 2022 · Change · | |||
| EBITDA | 5,722 | 5,697 | 0.4% |
| Depreciation | (2,328) | (2,064) | 12.8% |
| Amortization of intangible assets | (1,309) | (1,051) | 24.5% |
| EBIT1 | 2,085 | 2,582 | (19.2)% |
| 1 | See Section 11.1 Non-GAAP and other specified financial measures. |
TTech EBIT decreased by $497 million in 2023. Depreciation and amortization increased, reflecting business acquisitions and growth in capital assets over the past 12 months, including our expanded fibre footprint and 5G network roll-out, and increased depreciation on network leases, in addition to higher depreciation arising from real estate rationalization.
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