TELUS CORP

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

About this filing

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.

FY2024 · Filed Feb 13, 2025

TU$9.11-3.3%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.4 · Commitments and contingent liabilities

Commitments and contingent liabilities

Contractual obligations as at December 31, 2024


						2030-
($ millions)	2025	2026	2027	2028	2029	2034	Thereafter	Total
Short-term borrowings
Interest obligations	40	40	20	—	—	—	—	100
Principal obligations1	—	—	922	—	—	—	—	922
	40	40	942	—	—	—	—	1,022
Long-term debt
Interest obligations	1,097	1,014	962	804	733	2,628	4,562	11,800
Principal maturities	2,532	1,530	1,715	3,430	1,408	8,197	7,340	26,152
	3,629	2,544	2,677	4,234	2,141	10,825	11,902	37,952
Leases
Interest obligations	165	125	91	63	46	122	98	710
Principal maturities	672	575	459	286	203	362	310	2,867
	837	700	550	349	249	484	408	3,577
Occupancy costs2	130	114	97	73	61	118	14	606
Purchase obligations3
Operating expenditures	1,044	376	187	794	24	10	5	2,440
Property, plant and equipment, and Intangible assets	256	47	1	—	—	—	—	304
	1,300	423	188	794	24	10	5	2,744
Non-interest bearing financial liabilities	3,228	233	103	64	8	9	—	3,645
Net receipts on derivatives used to manage currency and interest rate risk	(91)	(27)	(148)	(32)	(9)	(191)	(280)	(778)
Other obligations	15	—	—	—	—	—	—	15
Total	9,088	4,027	4,409	5,482	2,474	11,255	12,049	48,783

1 SeeSection 7.7 Short-term borrowings.

2	Occupancy costs include transactions with real estate joint ventures. See Section 7.11 Transactions between related parties.

Where applicable, purchase obligations reflect foreign exchange rates at December 31, 2024. Purchase obligations include future operating and capital expenditures that have been contracted for at the current year-end and include the most likely estimates of prices and volumes, where necessary. As purchase obligations reflect market conditions at the time the obligation was incurred for the items being purchased, they may not be representative of future years. Obligations from personnel supply contracts and other such labour agreements have been excluded.

Claims and lawsuits

A number of claims and lawsuits (including class actions and intellectual property infringement claims) seeking damages and other relief are pending against us and, in some cases, other mobile carriers and telecommunications service providers. As well, we have received notice of, or are aware of, certain possible claims (including intellectual property infringement claims) against us and, in some cases, other mobile carriers and telecommunications service providers. (See the related risk discussion inSection 10.18 Litigation and legal matters.)

It is not currently possible for us to predict the outcome of such claims, possible claims and lawsuits due to various factors, including: the preliminary nature of some claims; uncertain damage theories and demands; an incomplete factual record; uncertainty concerning legal theories and procedures and their resolution by the courts, at both the trial and the appeal levels; and the unpredictable nature of opposing parties and their demands.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.