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On the income statement, the company’s operation revenue increased by 4.5% ($393.4 million) from year 2006 while its operating income decreased by $65.1 million in the same period. Without considering the net-cash settlement feature expense recorded in 2007, operating income increased $103.6 million. Even though including the net-cash settlement feature expense, net income and EPS in 2007 still increased 9.9% and 13.8% ($112.9 million and 46 cents) respectively from 2006. The income statement figures indicate that TELUS is profitable in 2007.
On its balance sheet, TELUS had much lower current liabilities compared to 2006, which deceased 29% ($1095...
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