Telefonica Cash Flow Reinvestment Rate
Telefonica cash flow reinvestment rate. Telefonica (TEF) has a Cash Flow Reinvestment Rate of 0.62x as of June 2026, reinvesting €1.32 Billion (capex €1.32 Billion ) from operating cash flow of €2.12 Billion. See TEF free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of Telefonica (1989–2025)
Cash flow reinvestment rate of Telefonica from 1989 to 2025. Historical reinvestment intensity for Telefonica across 30 annual periods. Explore how well can Telefonica service its debt to assess how comfortably operating cash covers total debt obligations.
Telefonica Cash Flow Reinvestment Rate by Year (1989–2025)
Telefonica cash flow reinvestment rate by year from 1989 to 2025. Year-by-year capital reinvestment analysis for Telefonica. For the full cash flow conversion analysis, see TEF cash flow metrics.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.60x | €5.83 Billion | €9.72 Billion | €5.05 Billion | ▼ -40.2% |
| 2024 | 1.00x | €11.01 Billion | €10.99 Billion | €5.79 Billion | ▼ -3.3% |
| 2023 | 1.04x | €12.07 Billion | €11.65 Billion | €6.16 Billion | ▲ +3.3% |
| 2022 | 1.00x | €10.84 Billion | €10.81 Billion | €5.51 Billion | ▲ +64.4% |
| 2021 | 0.61x | €6.26 Billion | €10.27 Billion | €6.16 Billion | ▲ +14.2% |
| 2020 | 0.53x | €7.04 Billion | €13.20 Billion | €7.02 Billion | ▼ -6.1% |
| 2019 | 0.57x | €8.53 Billion | €15.01 Billion | €8.41 Billion | ▼ -14.4% |
| 2018 | 0.66x | €8.84 Billion | €13.31 Billion | €8.78 Billion | ▲ +1.0% |
| 2017 | 0.66x | €9.07 Billion | €13.79 Billion | €8.99 Billion | ▼ -49.5% |
| 2016 | 1.30x | €17.39 Billion | €13.36 Billion | €9.19 Billion | ▲ +73.5% |
| 2015 | 0.75x | €10.20 Billion | €13.60 Billion | €9.40 Billion | ▼ -9.4% |
| 2014 | 0.83x | €10.09 Billion | €12.18 Billion | €9.21 Billion | ▲ +17.7% |
| 2013 | 0.70x | €9.98 Billion | €14.18 Billion | €9.67 Billion | ▲ +12.9% |
| 2012 | 0.62x | €9.48 Billion | €15.21 Billion | €9.48 Billion | ▲ +19.9% |
| 2011 | 0.52x | €9.09 Billion | €17.48 Billion | €9.09 Billion | ▼ -3.1% |
| 2010 | 0.54x | €8.94 Billion | €16.67 Billion | €8.94 Billion | ▲ +14.1% |
| 2009 | 0.47x | €7.59 Billion | €16.15 Billion | €7.59 Billion | ▼ -2.4% |
| 2008 | 0.48x | €7.89 Billion | €16.38 Billion | €7.89 Billion | ▲ +3.0% |
| 2007 | 0.47x | €7.27 Billion | €15.55 Billion | €7.27 Billion | ▲ +4.0% |
| 2006 | 0.45x | €6.93 Billion | €15.41 Billion | €6.93 Billion | ▲ +13.2% |
| 2005 | 0.40x | €4.42 Billion | €11.13 Billion | €4.42 Billion | ▲ +27.5% |
| 2004 | 0.31x | €3.17 Billion | €10.18 Billion | €3.17 Billion | ▼ -3.8% |
| 2003 | 0.32x | €2.97 Billion | €9.18 Billion | €2.97 Billion | ▼ -33.8% |
| 2002 | 0.49x | €4.31 Billion | €8.81 Billion | €4.31 Billion | ▼ -36.2% |
| 2001 | 0.77x | €6.77 Billion | €8.83 Billion | €6.77 Billion | ▲ +7.2% |
| 1996 | 0.72x | €4.16 Billion | €5.81 Billion | €4.16 Billion | ▼ -88.2% |
| 1995 | 6.06x | €3.73 Billion | €616.36 Million | €3.73 Billion | ▲ +373.1% |
| 1994 | 1.28x | €5.02 Billion | €3.92 Billion | €5.02 Billion | ▼ -66.4% |
| 1990 | 3.81x | €5.42 Billion | €1.42 Billion | €5.42 Billion | ▲ +124.5% |
| 1989 | 1.70x | €4.35 Billion | €2.56 Billion | €4.35 Billion | — |