$TELFY

TELEFONICA S A

CIK:0000814052|SEC Filings

Consolidated Income Statements - EUR (€) € in Millions	12 Months Ended
Consolidated Income Statements - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Profit or loss [abstract]
Revenues	€ 41,315	€ 40,652	€ 39,993
Other income	1,692	1,541	2,065
Supplies	(13,377)	(13,298)	(12,941)
Personnel expenses	(5,882)	(7,207)	(5,524)
Other expenses	(12,554)	(10,298)	(10,741)
Depreciation and amortization	(8,799)	(8,797)	(8,796)
OPERATING INCOME	2,395	2,593	4,056
Share of (loss) income of investments accounted for by the equity method	(49)	(2,162)	217
Finance income	980	1,099	1,803
Exchange gains	2,199	1,837	2,910
Finance costs	(2,998)	(3,014)	(3,030)
Exchange losses	(1,970)	(1,826)	(2,996)
Net financial expense	(1,789)	(1,904)	(1,313)
PROFIT (LOSS) BEFORE TAX	557	(1,473)	2,960
Corporate income tax	(348)	899	(641)
PROFIT (LOSS) FOR THE YEAR	209	(574)	2,319
Attributable to equity holders of the parent	(49)	(892)	2,011
Attributable to non-controlling interests	€ 258	€ 318	€ 308
Basic earnings per share (in euros per share)	€ (0.06)	€ (0.20)	€ 0.31
Diluted earnings per share (in euros per share)	€ (0.06)	€ (0.20)	€ 0.31

Consolidated Statements of Cash Flows - EUR (€) € in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of cash flows [abstract]
Cash received from operations	€ 48,856	€ 47,314	€ 46,925
Cash paid from operations	(36,134)	(34,646)	(34,778)
Net payments of interest and other financial expenses net of dividends received	(1,060)	(565)	(292)
Taxes (paid)/proceeds	(668)	(454)	(92)
Net cash flow provided by operating activities	10,994	11,649	11,763
(Payments on investments)/proceeds from the sale in property, plant and equipment and intangible assets	(5,521)	(5,851)	(5,508)
Proceeds/(payments) on disposals of companies, net of cash and cash equivalents disposed	220	1,004	(115)
Payments on investments in companies, net of cash and cash equivalents acquired	(189)	(252)	(1,628)
Proceeds on financial investments not included under cash equivalents	1,413	1,432	2,967
Payments on financial investments not included under cash equivalents	(1,196)	(1,475)	(2,575)
Net proceeds/(payments) for temporary financial investments	50	856	1,532
Net cash flow used in investing activities	(5,223)	(4,286)	(5,327)
Dividends paid	(1,887)	(2,139)	(1,397)
(Payments)/proceeds from share capital (decrease)/increase with minority interest	(57)	113	1,022
(Payments)/proceeds of treasury shares and other operations with shareholders and with minority interests	(1,301)	(1,771)	(555)
Operations with other equity holders	(346)	(329)	(268)
Proceeds on issue of debentures and bonds and other debts	1,787	967	1,746
Proceeds on loans, borrowings and promissory notes	1,760	1,707	839
Repayments of debentures and bonds and other debts	(1,140)	(1,910)	(3,541)
Repayments of loans, borrowings and promissory notes	(1,123)	(1,465)	(3,077)
Lease principal payments	(2,143)	(2,114)	(1,996)
Financed operating payments and investments in property, plant and equipment and intangible assets payments	(222)	(245)	(698)
Net cash used in financing activities	(4,672)	(7,186)	(7,925)
Effect of changes in exchange rates	(191)	(258)	156
Cash reclassified to assets held for sale	3	(14)	0
Effect of changes in consolidation methods and others	0	1	(2)
Net increase (decrease) in cash and cash equivalents during the year	911	(94)	(1,335)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	7,151	7,245	8,580
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	8,062	7,151	7,245
RECONCILIATION OF CASH AND CASH EQUIVALENTS WITH THE STATEMENTS OF FINANCIAL POSITION
CASH AND CASH EQUIVALENTS TOTAL	8,062	7,151	7,245
Cash on hand and at banks	6,905	6,265	6,653
Other cash equivalents	€ 1,157	€ 886	€ 592

Consolidated Statements of Financial Position - EUR (€) € in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Non-current assets	€ 78,133	€ 83,568
Intangible assets	9,875	11,370
Goodwill	16,461	18,708
Property, plant and equipment	21,439	22,944
Rights of use	7,907	8,448
Investments accounted for by the equity method	8,375	8,590
Financial assets and other non-current assets	7,403	7,268
Deferred tax assets	6,673	6,240
Current assets	22,369	20,756
Inventories	954	929
Receivables and other current assets	10,445	10,132
Tax receivables	970	1,193
Other current financial assets	1,800	1,078
Cash and cash equivalents	8,062	7,151
Non-current assets and disposal groups held for sale	138	273
Total assets	100,502	104,324
EQUITY AND LIABILITIES
EQUITY	22,749	27,096
Equity attributable to equity holders of the parent and other holders of equity instruments	19,347	21,852
Equity attributable to non-controlling interests	3,402	5,244
Non current liabilities	52,019	53,829
Non-current financial liabilities	33,192	33,360
Non-current lease liabilities	6,077	6,708
Payables and other non-current liabilities	3,693	3,605
Deferred tax liabilities	2,905	2,702
Non-current provisions	6,152	7,454
Current liabilities	25,734	23,399
Current financial liabilities	5,590	3,701
Current lease liabilities	2,226	2,239
Payables and other current liabilities	14,606	13,957
Current tax payables	1,614	1,869
Current provisions	1,665	1,596
Liabilities associated with non-current assets and disposal groups held for sale	33	37
TOTAL EQUITY AND LIABILITIES	€ 100,502	€ 104,324