Telefonica SA ADR (TEF) — Cash Flow Reinvestment Rate
Telefonica SA ADR (TEF) has a Cash Flow Reinvestment Rate of 1.18x as of September 2025, reinvesting $2.87 Billion (capex $1.58 Billion plus investments $-1.29 Billion) from operating cash flow of $2.44 Billion. See how much free cash does Telefonica SA ADR generate to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Telefonica SA ADR Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Telefonica SA ADR across 29 annual periods. For the full cash flow conversion analysis, see TEF cash flow metrics.
Annual Cash Flow Reinvestment Rate for Telefonica SA ADR (1989–2024)
Year-by-year capital reinvestment analysis for Telefonica SA ADR. See financial flexibility index of Telefonica SA ADR to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 1.00x | $11.01 Billion | $10.99 Billion | $5.79 Billion | ▲ +0.4% |
| 2023 | 1.00x | $12.57 Billion | $12.59 Billion | $6.66 Billion | ▼ -0.5% |
| 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 | ▼ -45.7% |
| 2020 | 1.12x | $14.81 Billion | $13.20 Billion | $7.02 Billion | ▲ +19.9% |
| 2019 | 0.94x | $14.05 Billion | $15.01 Billion | $8.41 Billion | ▼ -28.6% |
| 2018 | 1.31x | $17.46 Billion | $13.31 Billion | $8.78 Billion | ▼ -5.9% |
| 2017 | 1.39x | $19.24 Billion | $13.79 Billion | $8.99 Billion | ▲ +7.1% |
| 2016 | 1.30x | $17.39 Billion | $13.36 Billion | $9.19 Billion | ▲ +65.2% |
| 2015 | 0.79x | $10.72 Billion | $13.60 Billion | $9.40 Billion | ▼ -4.9% |
| 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 | ▲ +4330.4% |
| 2005 | 0.01x | $113.00 Million | $11.13 Billion | $113.00 Million | ▼ -75.6% |
| 2004 | 0.04x | $424.00 Million | $10.18 Billion | $424.00 Million | ▼ -9.9% |
| 2003 | 0.05x | $424.00 Million | $9.18 Billion | $424.00 Million | ▼ -90.6% |
| 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 | — |