Telefnica, S.A.(NYSE:TEF) 
Telefnica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data, Internet, wholesale, corporate, roaming, fixed wireless, trunking, and paging ser...
Website: http://www.telefonica.com
Founded: 1924
Full Time Employees: 113,392
Sector: Communication Services
Industry: Telecom Services
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2021-06-30 | 2011-07-01 | 2010-02-01 |
|---|---|---|---|
revenues | 20,305,000,000 | 30,886,000,000 | 56,731 |
other income | 10,875,000,000 | ||
operating expenses | -14,268,000,000 | -20,306,000,000 | -35,489 |
impairments & losses on disposal of assets | -25,000,000 | ||
underlying operating income before d&a | 6,763,000,000 | ||
operating income before d&a | 16,886,000,000 | 11,304,000,000 | 22,603 |
oibda margin | 83,200,000 | 36,600,000 | 39.8 |
depreciation and amortisation | -4,139,000,000 | ||
operating income | 12,747,000,000 | 6,348,000,000 | 13,647 |
yoy | |||
qoq | 100.80% | 46515617.74% | |
share of profit of investments accounted for by the equity method | -68,000,000 | ||
net financial income | -552,000,000 | -1,165,000,000 | -3,307 |
profit before taxes | 12,127,000,000 | ||
corporate income tax | -1,200,000,000 | ||
profit for the period | 10,927,000,000 | ||
attributable to equity holders of the parent | 8,629,000,000 | ||
attributable to non-controlling interests | 2,298,000,000 | ||
weighted-average number of ordinary shares outstanding during the period | 5,614,000,000 | 4,553 | |
basic and diluted earnings per share attributable to equity holders of the parent | 1.51 | ||
underlying basic and diluted earnings per share attributable to equity holders of the parent | 0.27 | ||
internal exp capitalized in fixed assets | 352,000,000 | 720 | |
supplies | -8,893,000,000 | -16,717 | |
personnel expenses | -4,139,000,000 | -6,775 | |
subcontracts | -6,311,000,000 | -9,921 | |
bad debt provisions | -351,000,000 | -874 | |
taxes | -612,000,000 | -1,203 | |
other net operating income | 129,000,000 | 435 | |
gain on sale of fixed assets | 245,000,000 | 248 | |
impairment of goodwill and other assets | -2,000,000 | -42 | |
depreciation and amortization | -4,956,000,000 | -8,956 | |
profit from associated companies | -534,000,000 | 47 | |
income before taxes | 4,649,000,000 | 10,387 | |
income taxes | -1,271,000,000 | -2,450 | |
income from continuing operations | 3,378,000,000 | 7,937 | |
income from discontinued ops. | |||
non-controlling interests | -216,000,000 | ||
net income | 3,162,000,000 | 7,776 | |
yoy | |||
qoq | 40663480.25% | ||
weighted-average number of ordinary shares | 4,524,000,000 | ||
outstanding during the period | |||
basic earnings per share | 0.7 | 1.71 | |
notes: | |||
- | 2,011 | ||
8 | |||
9 | |||
minority interest | -161 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2021-06-30 | 2014-07-31 | 2012-11-07 | 2012-07-25 | 2012-02-24 | 2011-07-01 | 2011-04-01 | 2010-11-01 | 2010-02-01 | 2009-12-31 | 2009-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 18,013,000,000 | |||||||||||
other income | 684,000,000 | |||||||||||
supplies | -6,166,000,000 | |||||||||||
personnel expenses | -2,561,000,000 | |||||||||||
other expenses | -4,074,000,000 | |||||||||||
depreciation and amortization | -3,786,000,000 | |||||||||||
operating income | 2,109,000,000 | |||||||||||
share of income of investments accounted for by the equity method | -299,000,000 | |||||||||||
finance income | 507,000,000 | |||||||||||
finance costs | -1,308,000,000 | |||||||||||
net exchange differences | 14,000,000 | |||||||||||
net financial expense | -787,000,000 | |||||||||||
profit before tax | 1,023,000,000 | |||||||||||
corporate income tax | -396,000,000 | |||||||||||
profit after tax from continuing operations | 627,000,000 | |||||||||||
profit after tax from discontinued operations | -1,913,000,000 | |||||||||||
profit for the period | -1,286,000,000 | |||||||||||
attributable to equity holders of the parent | -1,355,000,000 | |||||||||||
from continuing operations | 558,000,000 | |||||||||||
from discontinued operations | -1,913,000,000 | |||||||||||
attributable to non-controlling interests | 69,000,000 | |||||||||||
basic and diluted earnings per share attributable to equity holders of the parent | -260,000 | |||||||||||
non-current assets | 84,014,000,000 | 90,563,000,000 | 105,397,000,000 | 106,544,000,000 | 108,800,000,000 | 104,221,000,000 | 107,833,000,000 | 84,311,000,000 | 82,721,000,000 | |||
intangible assets | 11,115,000,000 | 18,339,000,000 | 22,293,000,000 | 23,000,000,000 | 24,064,000,000 | 24,262,000,000 | 25,026,000,000 | 19,723,000,000 | 15,846,000,000 | 15,846,000,000 | 16,115,000,000 | |
goodwill | 17,124,000,000 | 24,042,000,000 | 28,968,000,000 | 29,206,000,000 | 29,107,000,000 | 29,019,000,000 | 29,582,000,000 | 34,772,000,000 | 19,566,000,000 | 19,566,000,000 | 19,214,000,000 | |
property, plant and equipment | 23,163,000,000 | 35,797,000,000 | 31,999,000,000 | |||||||||
rights of use | 7,276,000,000 | |||||||||||
investments accounted for by the equity method | 12,406,000,000 | 2,368,000,000 | ||||||||||
financial assets and other non-current assets | 7,183,000,000 | |||||||||||
deferred tax assets | 5,747,000,000 | 6,819,000,000 | 7,074,000,000 | 6,603,000,000 | 6,417,000,000 | 5,693,000,000 | 5,693,000,000 | 6,571,000,000 | 5,971,000,000 | 5,971,000,000 | 7,068,000,000 | |
current assets | 29,596,000,000 | 26,876,000,000 | 23,716,000,000 | 21,966,000,000 | 20,823,000,000 | 20,111,000,000 | 21,778,000,000 | 23,830,000,000 | 19,818,000,000 | |||
inventories | 1,523,000,000 | 1,063,000,000 | 1,123,000,000 | 1,238,000,000 | 1,164,000,000 | 1,157,000,000 | 1,028,000,000 | 1,086,000,000 | 934,000,000 | 934,000,000 | 1,138,000,000 | |
receivables and other current assets | 8,037,000,000 | |||||||||||
tax receivables | 1,359,000,000 | 1,540,000,000 | 1,331,000,000 | 1,246,000,000 | ||||||||
other current financial assets | 2,738,000,000 | |||||||||||
cash and cash equivalents | 14,522,000,000 | 10,131,000,000 | 7,123,000,000 | 4,003,000,000 | 4,135,000,000 | 3,194,000,000 | 4,220,000,000 | 4,359,000,000 | 9,113,000,000 | 9,113,000,000 | 5,498,000,000 | |
non-current assets and disposal groups held for sale | 1,417,000,000 | |||||||||||
total assets = total equity and liabilities | 113,610,000,000 | 117,439,000,000 | 129,113,000,000 | 128,510,000,000 | 129,623,000,000 | 124,332,000,000 | 129,611,000,000 | 108,141,000,000 | 102,539,000,000 | |||
equity | 32,599,000,000 | 27,736,000,000 | 26,194,000,000 | 26,026,000,000 | 27,383,000,000 | 26,048,000,000 | 31,736,000,000 | 24,274,000,000 | 18,600,000,000 | |||
equity attributable to equity holders of the parent and other holders of equity instruments | 23,362,000,000 | |||||||||||
equity attributable to non-controlling interests | 9,237,000,000 | |||||||||||
non-current liabilities | 56,553,000,000 | 61,683,000,000 | 72,435,000,000 | 70,473,000,000 | 69,662,000,000 | 65,066,000,000 | 62,378,000,000 | 56,931,000,000 | 57,879,000,000 | |||
non-current financial liabilities | 38,141,000,000 | |||||||||||
non-current lease liabilities | 5,854,000,000 | |||||||||||
payables and other non-current liabilities | 2,870,000,000 | |||||||||||
deferred tax liabilities | 2,806,000,000 | 2,945,000,000 | 4,913,000,000 | 4,863,000,000 | 4,739,000,000 | 6,141,000,000 | 6,074,000,000 | 4,293,000,000 | 3,082,000,000 | 3,082,000,000 | 3,698,000,000 | |
non-current provisions | 6,882,000,000 | 6,360,000,000 | 6,794,000,000 | 6,824,000,000 | 7,172,000,000 | 4,707,000,000 | 4,865,000,000 | 4,993,000,000 | ||||
current liabilities | 24,458,000,000 | 28,020,000,000 | 30,484,000,000 | 32,011,000,000 | 32,579,000,000 | 33,218,000,000 | 35,497,000,000 | 26,936,000,000 | 26,060,000,000 | |||
current financial liabilities | 7,512,000,000 | |||||||||||
current lease liabilities | 1,821,000,000 | |||||||||||
payables and other current liabilities | 11,287,000,000 | |||||||||||
current tax payables | 2,089,000,000 | 2,184,000,000 | 2,688,000,000 | 2,585,000,000 | 2,568,000,000 | 2,759,000,000 | 2,822,000,000 | 2,766,000,000 | ||||
current provisions | 1,354,000,000 | 1,512,000,000 | ||||||||||
liabilities associated with non-current assets and disposal groups held for sale | 395,000,000 | |||||||||||
property, plant and equipment and investment properties | 31,065,000,000 | 34,885,000,000 | 35,249,000,000 | 35,469,000,000 | 34,554,000,000 | |||||||
non-current financial assets | 7,930,000,000 | 7,406,000,000 | 5,988,000,000 | |||||||||
trade and other receivables | 10,206,000,000 | 11,350,000,000 | 11,275,000,000 | 11,331,000,000 | 12,126,000,000 | 12,426,000,000 | 12,101,000,000 | 10,622,000,000 | 10,622,000,000 | 9,864,000,000 | ||
current financial assets | 2,869,000,000 | 2,776,000,000 | 2,839,000,000 | 2,625,000,000 | 2,016,000,000 | 1,574,000,000 | 2,017,000,000 | 1,906,000,000 | 1,906,000,000 | 2,005,000,000 | ||
non-current assets classified as held for sale | 1,067,000,000 | 1,000,000 | 1,138,000,000 | 1,000,000 | 260,000,000 | 476,000,000 | 9,000,000 | 6,000,000 | ||||
equity attributable to equity holders of the parent and to other holders of equity instruments | 21,848,000,000 | |||||||||||
non-controlling interests | 5,888,000,000 | 5,304,000,000 | 5,326,000,000 | 5,747,000,000 | 5,724,000,000 | 7,232,000,000 | 9,413,000,000 | 2,540,000,000 | ||||
non-current interest-bearing debt | 50,359,000,000 | 51,356,000,000 | 47,607,000,000 | |||||||||
non-current trade and other payables | 2,019,000,000 | 2,304,000,000 | 1,249,000,000 | |||||||||
current interest-bearing debt | 9,374,000,000 | 9,744,000,000 | 9,184,000,000 | |||||||||
current trade and other payables | 14,765,000,000 | 19,251,000,000 | 14,023,000,000 | |||||||||
liabilities associated with non-current assets held for sale | 185,000,000 | |||||||||||
financial data | ||||||||||||
net financial debt | 43,791,000,000 | 56,006,000,000 | 58,310,000,000 | 56,304,000,000 | 56,420,000,000 | 54,504,000,000 | 43,551,000,000 | 44,055,000,000 | ||||
non-current financial assets and investments in associates | 12,177,000,000 | 12,486,000,000 | 13,743,000,000 | 10,693,000,000 | 12,507,000,000 | 10,925,000,000 | 9,289,000,000 | |||||
current tax receivable | 1,343,000,000 | 1,473,000,000 | 1,567,000,000 | 1,358,000,000 | 1,739,000,000 | 1,246,000,000 | 1,307,000,000 | |||||
equity attributable to equity holders of the parent | 20,890,000,000 | 20,700,000,000 | 21,636,000,000 | 20,324,000,000 | 24,452,000,000 | 22,323,000,000 | 21,734,000,000 | 21,734,000,000 | 16,157,000,000 | |||
non-current financial debt | 58,652,000,000 | 56,640,000,000 | 55,659,000,000 | 51,981,000,000 | ||||||||
other non-current liabilities | 2,076,000,000 | 2,146,000,000 | 2,092,000,000 | 2,237,000,000 | ||||||||
current financial debt | 10,682,000,000 | 12,260,000,000 | 10,652,000,000 | 7,882,000,000 | ||||||||
trade and other payables | 8,655,000,000 | 8,519,000,000 | 9,406,000,000 | 8,665,000,000 | 8,045,000,000 | 7,365,000,000 | 7,728,000,000 | |||||
current provisions and other liabilities | 8,459,000,000 | 8,647,000,000 | 9,953,000,000 | 13,913,000,000 | ||||||||
a) non-current assets | 108,721,000,000 | 84,311,000,000 | ||||||||||
investment properties | 5,000,000 | 5,000,000 | ||||||||||
investments in associates | 5,212,000,000 | 4,936,000,000 | ||||||||||
b) current assets | 21,054,000,000 | 23,830,000,000 | ||||||||||
non-current assets held for sale | 475,000,000 | 9,000,000 | ||||||||||
total assets | 129,775,000,000 | 108,141,000,000 | ||||||||||
equity and liabilities | 2,010,000,000 | 2,009,000,000 | ||||||||||
a) equity | 31,684,000,000 | 24,274,000,000 | ||||||||||
b) non-current liabilities | 64,599,000,000 | 56,931,000,000 | ||||||||||
c) current liabilities | 33,492,000,000 | 26,936,000,000 | ||||||||||
provisions | 1,675,000,000 | 963,000,000 | ||||||||||
total equity and liabilities | 129,775,000,000 | 108,141,000,000 | ||||||||||
property, plant and equipment and investment property | 34,260,000,000 | 32,003,000,000 | 31,035,000,000 | |||||||||
long-term financial debt | 51,292,000,000 | 47,607,000,000 | 47,521,000,000 | |||||||||
long-term provisions | 4,976,000,000 | 4,993,000,000 | 5,143,000,000 | |||||||||
other long-term liabilities | 1,817,000,000 | 1,249,000,000 | 1,517,000,000 | |||||||||
short-term financial debt | 9,586,000,000 | 9,184,000,000 | 6,532,000,000 | |||||||||
current tax payable | 3,870,000,000 | 2,766,000,000 | 3,519,000,000 | |||||||||
short-term provisions and other liabilities | 13,996,000,000 | 7,621,000,000 | 8,281,000,000 | |||||||||
minority interest | 2,540,000,000 | 2,443,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2013-02-28 | 2012-07-25 |
|---|---|---|
revenues | ||
other income | ||
supplies | ||
personnel expenses | ||
other incomes | ||
depreciation and amortization | ||
operating income | ||
share of profit of associates | ||
net finance expense | ||
net exchange differences | ||
net financial expense | ||
profit before tax from continuing operations | ||
corporate income tax | ||
profit for the year from continuing operations | ||
profit after taxes from discontinued operations | ||
profit for the year | ||
non-controlling interests | ||
profit for the year attributable to equity holders of the parent | ||
weighted-average number of shares | ||
basic and diluted earnings per share from continuing operations attributable to equity holders of the parent | ||
basic and diluted earnings per share attributable to equity holders of the parent | ||
earnings per ads | ||
weighted-average number of ads | ||
cash dividends per ordinary share | ||
consolidated statement of financial position data | ||
cash and cash equivalents | ||
property, plant and equipment | ||
total assets | ||
non-current liabilities | ||
equity | ||
capital stock | ||
consolidated cash flow data | ||
net cash from operating activities | 15,213,000,000 | 6,381,000,000 |
net cash from investing activities | -7,877,000,000 | -5,756,000,000 |
net cash from financing activities | -1,243,000,000 | -785,000,000 |
cash received from customers | 75,962,000,000 | 37,965,000,000 |
cash paid to suppliers and employees | -55,858,000,000 | -29,004,000,000 |
dividends received | 85,000,000 | 66,000,000 |
net interest and other financial expenses paid | -2,952,000,000 | -1,929,000,000 |
taxes paid | -2,024,000,000 | -717,000,000 |
proceeds on disposals of property, plant and equipment and intangible assets | 939,000,000 | 302,000,000 |
payments on investments in property, plant and equipment and intangible assets | -9,481,000,000 | -5,158,000,000 |
proceeds on disposals of companies, net of cash and cash equivalents disposed | 1,823,000,000 | 60,000,000 |
payments on investments in companies, net of cash and cash equivalents acquired | -37,000,000 | -26,000,000 |
proceeds on financial investments not included under cash equivalents | 30,000,000 | 29,000,000 |
payments made on financial investments not included under cash equivalents | -834,000,000 | -602,000,000 |
net flows on cash surpluses not included under cash equivalents | -318,000,000 | -361,000,000 |
government grants received | 1,000,000 | |
dividends paid | -3,273,000,000 | -2,909,000,000 |
transactions with equity holders | 656,000,000 | -826,000,000 |
proceeds on issue of debentures and bonds | 8,090,000,000 | 2,505,000,000 |
proceeds on loans, borrowings and promissory notes | 6,002,000,000 | 4,689,000,000 |
cancellation of debentures and bonds | -4,317,000,000 | -1,624,000,000 |
repayments of loans, borrowings and promissory notes | -8,401,000,000 | -2,620,000,000 |
effect of foreign exchange rate changes on collections and payments | -382,000,000 | 28,000,000 |
effect of changes in consolidation methods and other non-monetary effects | 1,000,000 | |
net (decrease) in cash and cash equivalents during the period | 5,712,000,000 | -132,000,000 |
cash and cash equivalents at january 1 | 4,135,000,000 | 4,135,000,000 |
cash and cash equivalents at december 31 | 9,847,000,000 | |
reconciliation of cash and cash equivalents to the statement of financial position | ||
balance at january 1 | 4,135,000,000 | 4,135,000,000 |
cash on hand and at banks | 3,411,000,000 | 3,411,000,000 |
other cash equivalents | 724,000,000 | 724,000,000 |
balance at december 31 | 9,847,000,000 | |
standards, amendments and interpretations | ||
ifrs 9 | ||
ifrs 10 | ||
ifrs 11 | ||
ifrs 12 | ||
ifrs 13 | ||
revised ias 19 | ||
revised ias 27 | ||
revised ias 28 | ||
amendments to ias 1 | ||
amendments to ias 32 | ||
amendments to ifrs 7 | ||
amendments to ifrs 10, ifrs 11, ifrs 12 and ias 27 | ||
improvements to ifrss 2009-2011 | ||
ifric 20 | ||
july - december 2012 | ||
millions of euros | ||
external revenues | ||
inter-segment revenues | ||
other operating income and expenses | ||
operating income before depreciation and amortization | ||
capital expenditures | 0 | 0 |
free cash flows | 15,213,000,000 | 6,381,000,000 |
cash and cash equivalents at june 30 | 4,003,000,000 | |
balance at june 30 | 4,003,000,000 | |
net increase in cash and cash equivalents during the period | ||
cash and cash equivalents at september 30 | ||
reconciliation of cash and cash equivalents with the consolidated statement of financial position | ||
balance at september 30 |