TELEFONICA S A financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TELEFONICA S A files with the SEC in its annual reports.

In EUR millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	54,916	52,036	52,008	48,693	48,422	43,076	39,277	39,993	40,652	41,315
Operating income	3,525	5,469	6,791	6,522	4,537	4,139	13,586	4,056	2,593	2,395
Interest expense	4,417	4,476	3,363	2,690	2,795	2,417	2,028	3,030	3,014	2,998
Interest income	2,076	1,770	1,073	1,458	842	677	614	1,803	1,099	980
Pre-tax income	906	3,245	4,597	5,571	2,718	2,583	12,095	2,960	-1,473	557
Income tax	155	846	1,219	1,621	1,054	626	1,378	641	-899	348
Net income to minority interests	135	30	246	619	522	375	2,580	308	318	258
Net income	616	2,369	3,132	3,331	1,142	1,582	8,137	2,011	-892	-49
EBITDA	13,229	15,118	16,187	15,571	15,119	13,498	21,983	12,852	11,390	11,194
EPS, basic	0.06	0.36	0.48	0.48	0.14	0.22	1.34	0.31	-0.20	-0.06
EPS, diluted	0.06	0.36	0.48	0.48	0.14	0.22	1.34	0.31	-0.20	-0.06

Balance sheet

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	2,615	3,736	5,192	5,692	6,042	5,604	8,580	7,245	7,151	8,062
Receivables		10,675	8,727	8,419	8,752	6,220	6,903	7,340	7,430	7,564
Inventory		1,055	1,117	1,692	1,999	1,718	1,749	1,546	929	954
Total current assets		19,974	19,931	23,340	24,328	33,655	24,929	22,589	20,756	22,369
Property, plant and equipment	33,910	36,393	34,225	33,295	32,228	23,769	22,725	23,714	22,944	21,439
Lease right-of-use assets				0	6,939	4,982	7,579	8,279	8,448	7,907
Goodwill		28,686	26,841	25,748	25,403	17,044	16,519	18,471	18,708	16,461
Intangible assets	21,149	20,518	18,005	16,856	16,034	11,488	11,725	12,017	11,370	9,875
Total assets		123,641	115,066	114,047	118,877	105,051	109,213	109,642	104,324	100,502
Accounts payable		16,150	13,536	13,868	13,307	9,626	11,872	12,018	12,138	12,640
Total current liabilities		35,451	29,066	29,649	30,191	28,117	25,495	23,100	23,399	25,734
Lease liabilities				0	5,626	4,039	6,391	6,657	6,708	6,077
Total liabilities		95,256	88,448	87,067	93,427	86,791	80,529	77,934	77,228	77,753
Total debt			47,375	44,729	41,995	38,880	30,339
Shareholders' equity		18,157	16,920	17,947	17,118	11,235	22,207	25,088	21,852	19,347
Minority interests		10,228	9,698	9,033	8,332	7,025	6,477	6,620	5,244	3,402
Total equity	25,436	28,385	26,618	26,980	25,450	18,260	28,684	31,708	27,096	22,749
Total liabilities and equity		123,641	115,066	114,047	118,877	105,051	109,213	109,642	104,324	100,502

Cash flow statement

	FY2015	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	751	2,399	3,378	3,950	1,664	1,957	10,717	2,319	-574	209
Depreciation and amortization	9,704	9,649	9,396	9,049	10,582	9,359	8,397	8,796	8,797	8,799
Cash from operations	13,615	13,338	13,796	13,423	15,022	13,196	10,268	11,763	11,649	10,994
Cash from investing	-12,917	-8,208	-10,245	-8,685	-5,641	-7,790	5,896	-5,327	-4,286	-5,223
Debt issued	8,784	10,332	4,844	3,973	1,702	4,516	3,085	839	1,707	1,760
Debt repaid	-9,858	-8,506	-6,711	-4,040	-6,356	-2,852	-4,146	-3,077	-1,465	-1,123
Stock issued	4,255	0	2	0	0	323	0	1,022	113
Dividends paid	-2,775	-2,906	-2,459	-2,794	-2,742	-1,296	-3,630	-1,397	-2,139	-1,887
Cash from financing	-3,612	-4,220	-1,752	-3,880	-9,021	-5,438	-12,990	-7,925	-7,186	-4,672
Exchange rate effect	-1,000	185	-341	-244	7	-402	-179	156	-258	-191
Net change in cash	-3,914	1,121	1,456	500	350	-438	2,976	-1,335	-94	911
Interest paid	2,490	2,187	1,755	1,664	1,754	1,193	1,519	1,236	1,811	1,620
Income taxes paid	689	649	1,005	865	-272	509	459	92	454	668

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Operating margin	5.8%	Operating income / revenue.
EBITDA margin	27.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	1.3%	Pre-tax income / revenue.
Net margin	-0.1%	Net income / revenue.
Operating cash flow margin	26.6%	Cash from operations / revenue.
Effective tax rate	62.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	-0.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-0.0%	Net income / average total assets.
Return on invested capital (ROIC)	14.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
D&A / revenue	21.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	1.6%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-3.1%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-7.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-43.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-12.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-1.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-20.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-5.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-5.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	2.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-6.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-11.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-4.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	2.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.87x	Current assets / current liabilities.
Quick ratio	0.61x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.31x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	77.4%	Total liabilities / total assets.
Interest coverage	0.80x	Operating income / interest expense.
Working capital	-€3.37B	Current assets - current liabilities.
Goodwill and intangibles / assets	26.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	-€6.99B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.40x	Revenue / average total assets.
Fixed asset turnover	1.86x	Revenue / average property, plant and equipment.
Receivables turnover	5.51x	Revenue / average receivables.
Days sales outstanding	66 days	365 x average receivables / revenue.

Per share

Metric	Value	How it is calculated
EPS, diluted	-€0.06	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	-€0.06	Net income per basic share, as reported (split-adjusted).

What was TELEFONICA S A's revenue in fiscal 2024?

TELEFONICA S A reported revenue of €41.32B for fiscal 2024, 1.6% higher than the year before.

Was TELEFONICA S A profitable in fiscal 2024?

No. It reported a net loss of €49.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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