Telus 2010 Annual Report Download - page 120
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116 . TELUS 2010 annual report
Years ended December 31 (millions except per share amounts) Note 2010 2009
Operating Revenues 21(a) $ß9,779 $ß9,606
Operating Expenses
Operations 6,062 5,925
Restructuring costs 7 74 190
Depreciation 1,333 1,341
Amortization of intangible assets 402 381
7,871 7,837
Operating Income 1,908 1,769
Other expense, net 32 32
Financing costs 8 510 532
Income Before Income Taxes 1,366 1,205
Income taxes 9 328 203
Net Income 1,038 1,002
Other Comprehensive Income 19(b)
Change in unrealized fair value of derivatives designated as cash flow hedges 54 69
Foreign currency translation adjustment arising from translating
financial statements of self-sustaining foreign operations – (12)
Change in unrealized fair value of available-for-sale financial assets – 1
54 58
Comprehensive Income $ß1,092 $ß1,060
Net Income Attributable to:
Common Shares and Non-Voting Shares $ß1,034 $ 998
Non-controlling interests 4 4
$ß1,038 $ß1,002
Total Comprehensive Income Attributable to:
Common Shares and Non-Voting Shares $ß1,088 $ß1,056
Non-controlling interests 4 4
$ß1,092 $ß1,060
Net Income Per Common Share and Non-Voting Share 10
Basic $ß 3.23 $ß 3.14
Diluted $ß 3.22 $ß 3.14
Dividends Declared Per Common Share and Non-Voting Share 11 $ß 2.00 $ß 1.90
Total Weighted Average Common Shares and Non-Voting
Shares Outstanding
Basic 320 318
Diluted 321 318
The accompanying notes are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF INCOME
AND OTHER COMPREHENSIVE INCOME