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. Explore TEF capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore Telefonica SA ADR total assets for the complete picture of this company's asset base.
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 market value of Telefonica SA ADR.
| 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 | — |