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. Check Telefonica SA ADR (TEF) cash flow quality to evaluate the quality of earnings relative to operating cash generation.
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. Explore Telefonica SA ADR (TEF) long-term investment share to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Telefonica SA ADR (1989–2024)
Year-by-year capital reinvestment analysis for Telefonica SA ADR. For live market cap and broader valuation context, see TEF company net worth.
| 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 | — |