Telefónica, S.A. (TEF)

Telefónica Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	-892	2,011	8,137	1,582	1,142
Other Operating Activities	12,541	9,752	2,131	11,614	13,880
Operating Cash Flow	11,649	11,763	10,268	13,196	15,022
Operating Cash Flow Growth	-0.97%	14.56%	-22.19%	-12.16%	11.91%
Capital Expenditures	-5,851	-5,508	-6,164	-7,020	-7,659
Acquisitions	752	-1,743	12,955	2	1,711
Change in Investments	813	1,924	-895	-772	307
Investing Cash Flow	-4,286	-5,327	5,896	-7,790	-5,641
Dividends Paid	-2,139	-1,397	-3,630	-1,296	-2,742
Share Issuance / Repurchase	-2,100	-823	-958	-1,243	-114
Debt Issued / Paid	-2,815	-6,029	-8,129	-2,840	-5,639
Other Financing Activities	-132	324	-273	-59	-526
Financing Cash Flow	-7,186	-7,925	-12,990	-5,438	-9,021
Exchange Rate Effect	-258	156	-179	-402	7
Net Cash Flow	-94	-1,335	2,976	-438	350
Free Cash Flow	5,798	6,255	4,104	6,176	7,363
Free Cash Flow Growth	-7.31%	52.41%	-33.55%	-16.12%	52.19%
Free Cash Flow Margin	14.26%	15.64%	10.45%	14.34%	15.21%
Free Cash Flow Per Share	1.00	1.05	0.69	1.05	1.26

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).