Telefónica, S.A. (BME:TEF)
Spain · Delayed Price · Currency is EUR 3.591
-0.018 (-0.50%)
Aug 27, 2026, 4:44 PM CET
Telefónica Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | -3,301 | -4,318 | -49 | -892 | 2,011 | 8,137 |
Depreciation & Amortization | 9,580 | 7,667 | 7,310 | 7,441 | 8,796 | 8,397 |
Other Amortization | 700 | - | - | 1,356 | - | - |
Other Operating Activities | 1,918 | 6,192 | 3,041 | 3,744 | 956 | -6,266 |
Operating Cash Flow | 8,935 | 9,722 | 10,994 | 11,649 | 11,763 | 10,268 |
Operating Cash Flow Growth | -16.57% | -11.57% | -5.62% | -0.97% | 14.56% | -22.19% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -5,227 | -5,446 | -5,068 | -6,161 | -6,350 | -6,728 |
Sale of Property, Plant & Equipment | 369 | 391 | 217 | 310 | 842 | 564 |
Cash Acquisitions | -338 | -323 | -189 | -252 | -1,628 | -414 |
Divestitures | 1,539 | 2,001 | 212 | 1,004 | -115 | 13,369 |
Investment in Securities | 407 | -53 | -29 | 256 | -303 | -98 |
Other Investing Activities | -357 | -1,160 | -366 | 557 | 2,227 | -797 |
Investing Cash Flow | -3,607 | -4,590 | -5,223 | -4,286 | -5,327 | 5,896 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 2,442 | 2,904 | 2,674 | 2,585 | 3,646 |
Long-Term Debt Repaid | - | -5,862 | -3,520 | -5,489 | -8,614 | -11,775 |
Net Debt Issued (Repaid) | -3,698 | -3,420 | -616 | -2,815 | -6,029 | -8,129 |
Repurchase of Common Stock | -135 | -277 | -1,243 | -223 | -365 | -478 |
Common Dividends Paid | -1,686 | -1,697 | -1,720 | -1,701 | -959 | -617 |
Other Financing Activities | -916 | -1,018 | -1,093 | -2,447 | -572 | -3,766 |
Financing Cash Flow | -6,435 | -6,412 | -4,672 | -7,186 | -7,925 | -12,990 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 102 | -134 | -191 | -258 | 156 | -179 |
Miscellaneous Cash Flow Adjustments | -228 | -84 | 3 | -13 | -2 | -19 |
Net Cash Flow | -1,233 | -1,498 | 911 | -94 | -1,335 | 2,976 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 3,708 | 4,276 | 5,926 | 5,488 | 5,413 | 3,540 |
Free Cash Flow Growth | -36.04% | -27.84% | 7.98% | 1.39% | 52.91% | -37.53% |
Free Cash Flow Margin | 10.23% | 11.90% | 16.26% | 13.24% | 13.28% | 9.01% |
Free Cash Flow Per Share | 0.76 | 0.76 | 1.05 | 0.97 | 0.94 | 0.60 |
Levered Free Cash Flow | 3,902 | 1,621 | 3,675 | 5,020 | 2,792 | 12,243 |
Unlevered Free Cash Flow | 5,033 | 2,747 | 4,900 | 6,296 | 4,005 | 13,221 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Income Tax Paid | 396 | 402 | 231 | 454 | 92 | 459 |