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Telefonica SA
F:TNE2

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Telefonica SA
F:TNE2
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Price: 3.54 EUR Market Closed
Market Cap: €20.4B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-5%
5Y
-16%
10Y
-
Investing Cash Flow
+
3Y
-39%
5Y
+25%
10Y
-
Financing Cash Flow
+
3Y
+30%
5Y
+19%
10Y
-

Cash Flow Statement
Telefonica SA

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Cash Flow Statement
Currency: EUR
Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Jun-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Jun-2015 Mar-2016 Jun-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Cash Taxes Paid
(1 233)
(1 343)
(1 401)
(1 095)
(1 100)
(1 236)
(1 254)
(1 378)
(1 457)
(1 372)
(1 314)
(1 299)
(1 413)
(1 571)
(2 128)
(2 119)
(2 942)
(2 962)
(2 811)
(2 897)
(2 616)
(2 560)
(2 398)
(2 413)
(1 959)
(1 802)
(1 681)
(1 702)
(2 024)
(2 185)
(1 806)
(1 863)
(1 474)
(1 803)
(1 106)
(694)
12
(94)
(161)
(309)
(485)
(1 005)
(877)
(824)
(810)
(865)
(168)
(38)
(19)
272
(577)
(556)
(518)
(509)
(443)
(393)
(426)
(459)
(462)
(486)
(496)
(92)
(108)
(90)
(69)
(454)
(477)
(744)
(536)
(668)
(689)
(409)
(605)
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(1 438)
(887)
26
246
436
90
0
0
(1 736)
0
0
0
0
0
0
(666)
(897)
(1 056)
0
(1 076)
(1 051)
(1 181)
0
(1 289)
0
(1 462)
0
(766)
(804)
(59)
(565)
(656)
(911)
(1 394)
(1 060)
(1 103)
(1 005)
(920)
Change in Working Capital
(1 440)
1 236
4 186
5 377
(2 268)
(4 537)
(6 447)
(7 435)
(3 097)
(3 219)
(3 446)
(1 954)
(2 767)
(1 387)
(1 348)
(1 197)
(2 070)
(3 524)
(11 735)
1 645
(2 011)
(1 742)
(1 958)
(5 366)
(2 001)
(2 179)
(2 709)
(4 993)
(2 866)
(2 537)
(2 576)
(2 573)
(2 589)
8 654
(1 207)
15 926
(5)
(1 066)
5
(30)
0
(8 149)
(699)
(2)
(1 285)
(7 597)
(1 739)
(2 738)
(1 537)
(7 516)
0
(774)
(1 194)
(6 572)
0
(3)
270
(6 471)
0
(3 409)
522
(5 563)
(2)
3 397
(404)
(7 282)
0
3
96
(7 391)
(35)
43
112
Cash from Operating Activities
11 149
N/A
13 715
+23%
16 606
+21%
18 103
+9%
15 442
-15%
13 036
-16%
11 109
-15%
9 997
-10%
15 551
+56%
15 514
0%
15 345
-1%
16 852
+10%
16 380
-3%
17 602
+7%
17 084
-3%
17 244
+1%
16 148
-6%
14 674
-9%
16 150
+10%
19 908
+23%
16 679
-16%
17 004
+2%
16 969
0%
13 527
-20%
17 493
+29%
17 472
0%
16 469
-6%
14 758
-10%
15 214
+3%
15 211
0%
14 183
-7%
14 128
0%
13 387
-5%
16 626
+24%
12 177
-27%
12 356
+1%
2 202
-82%
(374)
N/A
541
N/A
567
+5%
4 476
+689%
13 794
+208%
13 673
-1%
13 941
+2%
13 141
-6%
13 309
+1%
14 333
+8%
14 486
+1%
15 140
+5%
15 005
-1%
13 618
-9%
12 995
-5%
12 355
-5%
13 192
+7%
13 489
+2%
13 017
-3%
12 097
-7%
10 249
-15%
9 696
-5%
9 893
+2%
10 844
+10%
11 761
+8%
12 059
+3%
12 303
+2%
12 108
-2%
10 390
-14%
11 547
+11%
10 963
-5%
10 518
-4%
10 437
-1%
10 622
+2%
10 820
+2%
10 335
-4%
Investing Cash Flow
Capital Expenditures
(4 423)
(5 044)
(5 637)
(6 331)
(6 933)
(7 317)
(7 243)
(7 018)
(7 274)
(7 307)
(7 480)
(7 705)
(7 889)
(7 978)
(8 208)
(8 172)
(7 593)
(7 498)
(8 539)
(8 885)
(8 944)
(9 408)
(8 476)
(8 572)
(9 085)
(9 246)
(9 683)
(9 163)
(9 481)
(9 737)
(9 674)
(11 509)
(8 515)
(10 571)
(8 305)
(9 637)
(2 279)
908
(6)
274
(2 115)
(8 992)
(8 811)
(9 169)
(8 543)
(8 585)
(8 471)
(7 837)
(8 142)
(7 659)
(7 418)
(7 318)
(7 029)
(7 020)
(7 455)
(7 077)
(6 892)
(6 164)
(5 084)
(5 246)
(5 039)
(5 508)
(5 806)
(5 918)
(5 999)
(5 851)
(5 979)
(5 820)
(5 415)
(5 521)
(5 399)
(5 217)
(5 461)
Other Items
(5 169)
(27 158)
(25 023)
(21 677)
(21 119)
1 536
4 979
5 034
2 682
2 939
386
(2 532)
(1 212)
(1 354)
(1 613)
(1 738)
(1 707)
(2 834)
(3 010)
(6 012)
(6 917)
(6 589)
(6 826)
(3 096)
(3 412)
(2 710)
(2 890)
(1 595)
1 604
2 294
(226)
1 640
1 947
0
(1 663)
(4 423)
211
3 009
(1 298)
(1 726)
(1 455)
(1 253)
(1 506)
(450)
(290)
(100)
1 091
1 427
2 226
2 018
3 252
2 626
(251)
(770)
(1 801)
9 929
11 810
12 060
13 562
904
1 120
181
(157)
1 068
91
1 565
(111)
(1 420)
(485)
298
430
387
(6)
Cash from Investing Activities
(9 592)
N/A
(32 201)
-236%
(30 659)
+5%
(28 007)
+9%
(28 052)
0%
(5 782)
+79%
(2 264)
+61%
(1 984)
+12%
(4 592)
-131%
(4 368)
+5%
(7 094)
-62%
(10 237)
-44%
(9 101)
+11%
(9 332)
-3%
(9 821)
-5%
(9 910)
-1%
(9 300)
+6%
(10 332)
-11%
(11 549)
-12%
(14 897)
-29%
(15 861)
-6%
(15 997)
-1%
(15 302)
+4%
(11 668)
+24%
(12 497)
-7%
(11 956)
+4%
(12 573)
-5%
(10 758)
+14%
(7 877)
+27%
(7 443)
+6%
(9 900)
-33%
(9 869)
+0%
(6 568)
+33%
(10 889)
-66%
(9 968)
+8%
(16 325)
-64%
(2 068)
+87%
3 917
N/A
(1 304)
N/A
(1 452)
-11%
(3 570)
-146%
(10 245)
-187%
(10 317)
-1%
(9 619)
+7%
(8 833)
+8%
(8 685)
+2%
(7 380)
+15%
(6 410)
+13%
(5 916)
+8%
(5 641)
+5%
(4 166)
+26%
(4 692)
-13%
(7 280)
-55%
(7 790)
-7%
(9 256)
-19%
2 852
N/A
4 918
+72%
5 896
+20%
8 478
+44%
(4 342)
N/A
(3 919)
+10%
(5 327)
-36%
(5 963)
-12%
(4 850)
+19%
(5 908)
-22%
(4 286)
+27%
(6 090)
-42%
(7 240)
-19%
(5 900)
+19%
(5 223)
+11%
(4 969)
+5%
(4 830)
+3%
(5 467)
-13%
Financing Cash Flow
Net Issuance of Common Stock
(2 054)
0
0
0
(2 346)
0
0
0
(2 152)
0
0
0
(2 241)
0
0
0
(947)
0
(1 677)
0
(883)
0
(677)
0
(399)
0
(1 225)
0
0
914
65
2 532
3 383
0
(427)
4 686
(601)
(4 523)
602
654
652
1 271
1 270
1 268
1 649
379
267
67
(509)
(504)
(403)
(197)
(208)
100
95
(7)
(48)
(604)
(707)
(718)
(686)
467
(49)
6
116
(1 658)
(1 922)
(2 106)
(2 221)
(1 358)
(669)
(697)
(778)
Net Issuance of Debt
4 388
0
0
0
20 114
0
0
0
(3 928)
0
0
0
(1 084)
0
0
0
3 504
0
4 293
0
1 884
0
2 758
0
3 054
0
6 004
0
1 374
(856)
(3 034)
0
(2 585)
0
(4 977)
(5 932)
1 631
4 553
3 274
1 041
(2 605)
(164)
(4 262)
(5 351)
(448)
(432)
27
(343)
(3 195)
(5 639)
(7 953)
(5 692)
(4 338)
(2 840)
(2 610)
(6 324)
(11 036)
(8 129)
(9 987)
(8 393)
(4 081)
(6 029)
(4 557)
(3 760)
(3 538)
(2 815)
(1 479)
(719)
(855)
(859)
(1 773)
(1 544)
(3 317)
Cash Paid for Dividends
(2 769)
0
0
0
(3 196)
0
0
0
(3 345)
0
0
0
(4 440)
0
0
0
(4 838)
0
(7 841)
0
(6 249)
0
(9 869)
0
(7 567)
0
(10 476)
0
(3 273)
(3 529)
(2 182)
0
(3 970)
0
(2 328)
(4 671)
(41)
132
(32)
1 075
816
(2 459)
(2 721)
(2 756)
(2 784)
(2 794)
(2 629)
(2 684)
(2 712)
(2 742)
(2 736)
(1 755)
(1 957)
(1 296)
(1 184)
(1 458)
(1 062)
(3 630)
(3 616)
(3 520)
(3 531)
(1 397)
(1 504)
(2 150)
(2 239)
(2 139)
(2 138)
(1 970)
(1 870)
(1 887)
0
(1 846)
(1 833)
Other
0
(3 185)
(3 337)
(18 641)
0
(18 259)
(18 974)
7 024
0
7 204
6 941
1 749
0
2 019
2 008
(3 057)
0
(3 206)
0
(4 256)
0
(3 466)
0
(3 408)
0
(3 984)
(3 750)
(4 109)
656
0
2 466
0
(22)
3 057
3 691
2 320
(897)
(1 423)
297
599
289
(400)
244
414
73
(1 033)
(997)
(1 205)
(160)
(136)
(1 260)
(963)
(1 439)
(1 402)
(358)
(346)
(589)
(627)
(973)
(1 187)
(964)
(966)
(664)
(580)
(42)
(574)
(624)
(596)
(935)
(568)
(549)
(402)
(521)
Cash from Financing Activities
(435)
N/A
(1 342)
-209%
(1 494)
-11%
(16 798)
-1 024%
14 572
N/A
14 954
+3%
14 239
-5%
40 237
+183%
(9 425)
N/A
(9 245)
+2%
(9 508)
-3%
(14 700)
-55%
(7 765)
+47%
(7 495)
+3%
(7 506)
0%
(12 571)
-67%
(2 281)
+82%
(2 430)
-7%
(2 419)
+0%
(3 032)
-25%
(5 248)
-73%
(4 458)
+15%
(4 844)
-9%
(5 190)
-7%
(4 912)
+5%
(5 488)
-12%
(3 157)
+42%
(5 271)
-67%
(1 243)
+76%
(2 686)
-116%
(2 685)
+0%
(2 684)
+0%
(3 194)
-19%
2 600
N/A
(4 041)
N/A
(882)
+78%
92
N/A
(1 261)
N/A
4 141
N/A
3 369
-19%
(848)
N/A
(1 752)
-107%
(5 469)
-212%
(6 425)
-17%
(1 510)
+76%
(3 880)
-157%
(3 332)
+14%
(4 165)
-25%
(6 576)
-58%
(9 021)
-37%
(12 352)
-37%
(8 607)
+30%
(7 942)
+8%
(5 438)
+32%
(4 057)
+25%
(8 135)
-101%
(12 735)
-57%
(12 990)
-2%
(15 283)
-18%
(13 818)
+10%
(9 262)
+33%
(7 925)
+14%
(6 774)
+15%
(6 484)
+4%
(5 703)
+12%
(7 186)
-26%
(6 163)
+14%
(5 391)
+13%
(5 881)
-9%
(4 672)
+21%
(4 734)
-1%
(4 489)
+5%
(6 449)
-44%
Change in Cash
Effect of Foreign Exchange Rates
166
(653)
(2 089)
(1 691)
(372)
19
1 024
(177)
(261)
(520)
(719)
(368)
(302)
65
988
1 512
269
2 242
(1 127)
1 394
(463)
(2 816)
(283)
(3 403)
(169)
628
70
1 070
(382)
(1 345)
(1 468)
0
(1 234)
1 178
(1 616)
(1 437)
(28)
673
79
(443)
(367)
(341)
(456)
(281)
(356)
(244)
(87)
15
(8)
7
(435)
(469)
0
(402)
(706)
(476)
0
(179)
207
56
0
156
138
171
47
(258)
(240)
(354)
(231)
(191)
(251)
(264)
(352)
Net Change in Cash
1 288
N/A
(20 481)
N/A
(17 636)
+14%
(28 393)
-61%
1 590
N/A
22 227
+1 298%
24 108
+8%
48 073
+99%
1 273
-97%
1 381
+8%
(1 976)
N/A
(8 453)
-328%
(788)
+91%
840
N/A
745
-11%
(3 725)
N/A
4 836
N/A
4 154
-14%
1 055
-75%
3 373
+220%
(4 893)
N/A
(6 267)
-28%
(3 460)
+45%
(6 734)
-95%
(85)
+99%
656
N/A
809
+23%
(201)
N/A
5 712
N/A
3 737
-35%
130
-97%
1 575
+1 112%
2 391
+52%
9 515
+298%
(3 448)
N/A
(6 288)
-82%
198
N/A
2 955
+1 392%
3 457
+17%
2 041
-41%
(309)
N/A
1 456
N/A
(2 569)
N/A
(2 384)
+7%
2 442
N/A
500
-80%
3 534
+607%
3 926
+11%
2 640
-33%
350
-87%
(3 335)
N/A
(773)
+77%
(2 867)
-271%
(438)
+85%
(530)
-21%
7 258
N/A
4 280
-41%
2 976
-30%
3 098
+4%
(8 211)
N/A
(2 337)
+72%
(1 335)
+43%
(540)
+60%
1 140
N/A
544
-52%
(1 340)
N/A
(946)
+29%
(2 022)
-114%
(1 494)
+26%
351
N/A
668
+90%
1 237
+85%
(1 933)
N/A
Free Cash Flow
Free Cash Flow
6 726
N/A
8 671
+29%
10 969
+27%
11 772
+7%
8 509
-28%
5 719
-33%
3 866
-32%
2 979
-23%
8 277
+178%
8 207
-1%
7 865
-4%
9 147
+16%
8 491
-7%
9 624
+13%
8 876
-8%
9 072
+2%
8 555
-6%
7 176
-16%
7 611
+6%
11 023
+45%
7 735
-30%
7 596
-2%
8 493
+12%
4 955
-42%
8 408
+70%
8 226
-2%
6 786
-18%
5 595
-18%
5 733
+2%
5 474
-5%
4 509
-18%
2 619
-42%
4 872
+86%
6 055
+24%
3 872
-36%
2 719
-30%
(77)
N/A
534
N/A
535
+0%
841
+57%
2 361
+181%
4 802
+103%
4 862
+1%
4 772
-2%
4 598
-4%
4 724
+3%
5 862
+24%
6 649
+13%
6 998
+5%
7 346
+5%
6 200
-16%
5 677
-8%
5 326
-6%
6 172
+16%
6 034
-2%
5 940
-2%
5 205
-12%
4 085
-22%
4 612
+13%
4 647
+1%
5 805
+25%
6 253
+8%
6 253
N/A
6 385
+2%
6 109
-4%
4 539
-26%
5 568
+23%
5 143
-8%
5 103
-1%
4 916
-4%
5 223
+6%
5 603
+7%
4 874
-13%

See Also

Summary
TNE2 intrinsic value, competitors valuation, and company profile.
DCF Valuation
TNE2 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TNE2 stock valuation using valuation multiples.
Wall Street Estimates
TNE2 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TNE2 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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