Telefonica SA ADR (TEF) — Free Cash Flow Generation Index
Telefonica SA ADR (TEF) has a Free Cash Flow Generation Index of 0.35x as of September 2025. Free cash flow of $864.18 Million represents 0% of operating cash flow ($2.44 Billion). Explore Telefonica SA ADR capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Telefonica SA ADR Free Cash Flow Generation Index (1989–2024)
Historical FCF Generation Index trend for Telefonica SA ADR across 29 annual periods. For the full cash flow conversion analysis, see TEF cash flow metrics.
Annual Free Cash Flow Generation for Telefonica SA ADR (1989–2024)
Year-by-year Free Cash Flow Generation Index for Telefonica SA ADR. Check total reinvestment intensity of Telefonica SA ADR to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.47x | $5.20 Billion | $10.99 Billion | $5.79 Billion | ▲ +0.5% |
| 2023 | 0.47x | $5.93 Billion | $12.59 Billion | $6.66 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 | $113.00 Million | ▲ +0.0% |
| 2004 | 1.00x | $10.18 Billion | $10.18 Billion | $424.00 Million | ▲ +0.0% |
| 2003 | 1.00x | $9.18 Billion | $9.18 Billion | $424.00 Million | ▲ +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 | — |