Telefónica, S.A. (TEF)

Telefónica Cash Flow Statement

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

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 2002
Net Income	-892	2,011	8,137	1,582	1,142	3,331	3,132	2,369	616	3,001	Upgrade
Other Operating Activities	12,541	9,752	2,131	11,614	13,880	10,092	10,664	10,969	12,999	9,192	Upgrade
Operating Cash Flow	11,649	11,763	10,268	13,196	15,022	13,423	13,796	13,338	13,615	12,193	Upgrade
Operating Cash Flow Growth	-0.97%	14.56%	-22.19%	-12.16%	11.91%	-2.70%	3.43%	-2.03%	11.66%	-15.00%	Upgrade
Capital Expenditures	-5,851	-5,508	-6,164	-7,020	-7,659	-8,585	-8,992	-9,187	-10,256	-8,865	Upgrade
Acquisitions	752	-1,743	12,955	2	1,711	26	-88	713	-2,827	-1,405	Upgrade
Change in Investments	813	1,924	-895	-772	307	-126	-1,165	266	166	302	Upgrade
Investing Cash Flow	-4,286	-5,327	5,896	-7,790	-5,641	-8,685	-10,245	-8,208	-12,917	-9,968	Upgrade
Dividends Paid	-2,139	-1,397	-3,630	-1,296	-2,742	-2,794	-2,459	-2,906	-2,775	-2,328	Upgrade
Share Issuance / Repurchase	-2,100	-823	-958	-1,243	-114	-182	1,917	-4	2,566	3,286	Upgrade
Debt Issued / Paid	-2,815	-6,029	-8,129	-2,840	-5,639	-432	-164	646	-3,277	-4,977	Upgrade
Other Financing Activities	-132	324	-273	-59	-526	-472	-1,046	-1,956	-126	-22	Upgrade
Financing Cash Flow	-7,186	-7,925	-12,990	-5,438	-9,021	-3,880	-1,752	-4,220	-3,612	-4,041	Upgrade
Exchange Rate Effect	-258	156	-179	-402	7	-244	-341	185	-1,000	-1,616	Upgrade
Net Cash Flow	-94	-1,335	2,976	-438	350	500	1,456	1,121	-3,914	-3,448	Upgrade
Free Cash Flow	5,798	6,255	4,104	6,176	7,363	4,838	4,804	4,151	3,359	3,328	Upgrade
Free Cash Flow Growth	-7.31%	52.41%	-33.55%	-16.12%	52.19%	0.71%	15.73%	23.58%	0.93%	-48.59%	Upgrade
Free Cash Flow Margin	14.26%	15.64%	10.45%	14.34%	15.21%	9.94%	9.24%	7.98%	6.12%	6.61%	Upgrade
Free Cash Flow Per Share	1.00	1.05	0.69	1.05	1.26	0.82	0.84	0.74	0.64	0.65	Upgrade

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