Telefonica (TEF) — Free Cash Flow Generation Index
Latest as of March 2026:
0.22x
Telefonica (TEF) has a Free Cash Flow Generation Index of 0.22x as of March 2026. Free cash flow of €321.00 Million represents 0% of operating cash flow (€1.47 Billion). Read Telefonica debt and liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.22x
Free Cash Flow / Operating CF
Free Cash Flow
€321.00 Million
EUR
Operating Cash Flow
€1.47 Billion
EUR
Capital Expenditures
€1.15 Billion
EUR
Telefonica Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Telefonica across 30 annual periods. Explore TEF capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Telefonica (1989–2025)
Year-by-year Free Cash Flow Generation Index for Telefonica. For the full company profile including market capitalisation, see TEF market cap overview.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | €4.67 Billion | €9.72 Billion | €5.05 Billion | ▲ +1.4% |
| 2024 | 0.47x | €5.20 Billion | €10.99 Billion | €5.79 Billion | ▲ +0.5% |
| 2023 | 0.47x | €5.49 Billion | €11.65 Billion | €6.16 Billion | ▼ -3.9% |
| 2022 | 0.49x | €5.30 Billion | €10.81 Billion | €5.51 Billion | ▲ +22.7% |
| 2021 | 0.40x | €4.10 Billion | €10.27 Billion | €6.16 Billion | ▼ -14.6% |
| 2020 | 0.47x | €6.18 Billion | €13.20 Billion | €7.02 Billion | ▲ +6.5% |
| 2019 | 0.44x | €6.59 Billion | €15.01 Billion | €8.41 Billion | ▲ +29.1% |
| 2018 | 0.34x | €4.53 Billion | €13.31 Billion | €8.78 Billion | ▼ -2.2% |
| 2017 | 0.35x | €4.80 Billion | €13.79 Billion | €8.99 Billion | ▲ +11.4% |
| 2016 | 0.31x | €4.18 Billion | €13.36 Billion | €9.19 Billion | ▲ +1.3% |
| 2015 | 0.31x | €4.20 Billion | €13.60 Billion | €9.40 Billion | ▲ +26.5% |
| 2014 | 0.24x | €2.97 Billion | €12.18 Billion | €9.21 Billion | ▼ -23.2% |
| 2013 | 0.32x | €4.51 Billion | €14.18 Billion | €9.67 Billion | ▼ -15.6% |
| 2012 | 0.38x | €5.73 Billion | €15.21 Billion | €9.48 Billion | ▼ -21.6% |
| 2011 | 0.48x | €8.40 Billion | €17.48 Billion | €9.09 Billion | ▲ +3.6% |
| 2010 | 0.46x | €7.73 Billion | €16.67 Billion | €8.94 Billion | ▼ -12.5% |
| 2009 | 0.53x | €8.55 Billion | €16.15 Billion | €7.59 Billion | ▲ +2.2% |
| 2008 | 0.52x | €8.49 Billion | €16.38 Billion | €7.89 Billion | ▼ -2.6% |
| 2007 | 0.53x | €8.28 Billion | €15.55 Billion | €7.27 Billion | ▼ -3.3% |
| 2006 | 0.55x | €8.48 Billion | €15.41 Billion | €6.93 Billion | ▼ -45.0% |
| 2005 | 1.00x | €11.13 Billion | €11.13 Billion | €4.42 Billion | ▲ +0.0% |
| 2004 | 1.00x | €10.18 Billion | €10.18 Billion | €3.17 Billion | ▲ +0.0% |
| 2003 | 1.00x | €9.18 Billion | €9.18 Billion | €2.97 Billion | ▲ +95.8% |
| 2002 | 0.51x | €4.50 Billion | €8.81 Billion | €4.31 Billion | ▲ +119.2% |
| 2001 | 0.23x | €2.06 Billion | €8.83 Billion | €6.77 Billion | ▼ -18.1% |
| 1996 | 0.28x | €1.65 Billion | €5.81 Billion | €4.16 Billion | ▲ +105.6% |
| 1995 | -5.06x | €-3.12 Billion | €616.36 Million | €3.73 Billion | ▼ -1704.9% |
| 1994 | -0.28x | €-1.10 Billion | €3.92 Billion | €5.02 Billion | ▲ +90.0% |
| 1990 | -2.81x | €-4.00 Billion | €1.42 Billion | €5.42 Billion | ▼ -303.1% |
| 1989 | -0.70x | €-1.79 Billion | €2.56 Billion | €4.35 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).