Telefonica (TEF) — Cash Flow Quality Index
Telefonica (TEF) has a Cash Flow Quality Index of 3.81x as of March 2026. Operating cash flow of €1.47 Billion exceeds net income of €386.00 Million, indicating high earnings quality where cash backs reported profits. Explore Telefonica (TEF) cash conversion ratio to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Telefonica Cash Flow Quality Index (1989–2022)
Historical Cash Flow Quality Index for Telefonica across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check TEF total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Telefonica (1989–2022)
Year-by-year earnings quality comparison for Telefonica. For live market cap and the full company financial profile, see TEF company net worth.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2022 | 5.37x | €10.81 Billion | €2.01 Billion | ▲ +325.9% |
| 2021 | 1.26x | €10.27 Billion | €8.14 Billion | ▼ -84.9% |
| 2020 | 8.34x | €13.20 Billion | €1.58 Billion | ▼ -7.5% |
| 2019 | 9.02x | €15.01 Billion | €1.66 Billion | ▲ +125.7% |
| 2018 | 4.00x | €13.31 Billion | €3.33 Billion | ▼ -9.3% |
| 2017 | 4.40x | €13.79 Billion | €3.13 Billion | ▼ -21.9% |
| 2016 | 5.64x | €13.36 Billion | €2.37 Billion | ▲ +13.9% |
| 2015 | 4.95x | €13.60 Billion | €2.75 Billion | ▲ +22.1% |
| 2014 | 4.06x | €12.18 Billion | €3.00 Billion | ▲ +31.4% |
| 2013 | 3.09x | €14.18 Billion | €4.59 Billion | ▼ -20.3% |
| 2012 | 3.87x | €15.21 Billion | €3.93 Billion | ▲ +19.7% |
| 2011 | 3.24x | €17.48 Billion | €5.40 Billion | ▲ +97.3% |
| 2010 | 1.64x | €16.67 Billion | €10.17 Billion | ▼ -21.0% |
| 2009 | 2.08x | €16.15 Billion | €7.78 Billion | ▼ -3.7% |
| 2008 | 2.16x | €16.38 Billion | €7.59 Billion | ▲ +23.6% |
| 2007 | 1.75x | €15.55 Billion | €8.91 Billion | ▼ -29.4% |
| 2006 | 2.47x | €15.41 Billion | €6.23 Billion | ▼ -1.3% |
| 2005 | 2.51x | €11.13 Billion | €4.44 Billion | ▼ -29.2% |
| 2004 | 3.54x | €10.18 Billion | €2.88 Billion | ▼ -15.1% |
| 2003 | 4.17x | €9.18 Billion | €2.20 Billion | ▼ -0.5% |
| 2001 | 4.19x | €8.83 Billion | €2.11 Billion | ▼ -29.2% |
| 1996 | 5.92x | €5.81 Billion | €981.44 Million | ▲ +719.5% |
| 1995 | 0.72x | €616.36 Million | €853.38 Million | ▼ -87.2% |
| 1994 | 5.62x | €3.92 Billion | €697.63 Million | ▲ +128.5% |
| 1990 | 2.46x | €1.42 Billion | €578.91 Million | ▼ -49.1% |
| 1989 | 4.83x | €2.56 Billion | €530.33 Million | — |