Telefónica Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	6,564	8,062	7,151	7,245	8,580
Short-Term Investments	-	139	209	101	1,350
Trading Asset Securities	-	295	257	312	832
Cash & Short-Term Investments	6,564	8,496	7,617	7,658	10,762
Cash Growth	-22.74%	11.54%	-0.53%	-28.84%	44.55%
Accounts Receivable	9,662	7,255	7,148	6,984	6,528
Other Receivables	867	2,401	1,869	2,892	2,744
Receivables	10,529	9,656	9,017	9,876	9,272
Inventory	862	954	929	1,546	1,749
Prepaid Expenses	-	1,558	1,502	714	583
Other Current Assets	4,050	1,705	1,691	2,795	2,563
Total Current Assets	22,005	22,369	20,756	22,589	24,929
Property, Plant & Equipment	25,599	29,346	31,392	31,993	30,304
Long-Term Investments	6,753	9,971	10,022	13,010	14,552
Goodwill	15,796	16,461	18,708	18,471	16,519
Other Intangible Assets	9,112	9,875	11,370	12,017	11,725
Long-Term Accounts Receivable	-	1,144	1,263	1,269	876
Long-Term Deferred Tax Assets	6,012	6,673	6,240	4,884	5,616
Long-Term Deferred Charges	-	1,073	1,001	854	555
Other Long-Term Assets	6,740	3,590	3,572	4,555	4,137
Total Assets	92,017	100,502	104,324	109,642	109,213
Accounts Payable	-	7,783	7,612	7,545	6,982
Accrued Expenses	-	1,939	1,847	1,494	1,519
Current Portion of Long-Term Debt	4,219	5,590	3,701	4,020	7,005
Current Portion of Leases	1,938	2,226	2,239	2,020	1,679
Current Income Taxes Payable	950	1,614	1,869	1,920	2,026
Current Unearned Revenue	-	1,710	1,598	1,490	1,338
Other Current Liabilities	17,730	4,872	4,533	4,611	4,946
Total Current Liabilities	24,837	25,734	23,399	23,100	25,495
Long-Term Debt	30,120	33,192	33,360	35,059	35,290
Long-Term Leases	5,644	6,077	6,708	6,657	6,391
Long-Term Unearned Revenue	-	904	904	1,090	1,046
Pension & Post-Retirement Benefits	-	2,798	3,488	3,852	5,021
Long-Term Deferred Tax Liabilities	2,518	2,905	2,702	3,067	2,602
Other Long-Term Liabilities	11,090	6,143	6,667	5,109	4,684
Total Liabilities	74,209	77,753	77,228	77,934	80,529
Common Stock	14,258	5,670	5,750	5,775	5,779
Additional Paid-In Capital	-	3,521	3,751	3,824	4,233
Retained Earnings	-	23,759	25,954	28,757	27,129
Treasury Stock	-	-106	-429	-341	-547
Comprehensive Income & Other	-	-13,497	-13,174	-12,927	-14,387
Total Common Equity	14,258	19,347	21,852	25,088	22,207
Minority Interest	3,550	3,402	5,244	6,620	6,477
Shareholders' Equity	17,808	22,749	27,096	31,708	28,684
Total Liabilities & Equity	92,017	100,502	104,324	109,642	109,213
Total Debt	41,921	47,085	46,008	47,756	50,365
Net Cash (Debt)	-35,357	-38,589	-38,391	-40,098	-39,603
Net Cash Per Share	-6.27	-6.85	-6.77	-6.99	-6.74
Filing Date Shares Outstanding	5,633	5,643	5,639	5,690	5,640
Total Common Shares Outstanding	5,633	5,643	5,639	5,690	5,640
Working Capital	-2,832	-3,365	-2,643	-511	-566
Book Value Per Share	2.53	3.43	3.87	4.41	3.94
Tangible Book Value	-10,650	-6,989	-8,226	-5,400	-6,037
Tangible Book Value Per Share	-1.89	-1.24	-1.46	-0.95	-1.07
Land	-	9,153	8,632	9,016	8,565
Machinery	-	94,429	93,124	96,049	91,150
Construction In Progress	-	1,987	1,863	2,332	1,761

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.