Telefónica, S.A.

BME-TEF

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						48,422	43,076	39,277	39,993	40,652	40,869
Other Revenues, Total						890	873	—	—	—	—
Total Revenues						49,312	43,949	39,277	39,993	40,652	40,869
Total Revenues % Chg.						-0.4%	-10.9%	-10.6%	1.8%	1.6%	3.1%
Cost of Goods Sold, Total						19,968	18,294	18,991	18,369	20,418	20,318
Gross Profit						29,344	25,655	20,286	21,624	20,234	20,551
Selling General & Admin Expenses, Total						123	89	80	182	155	160
Depreciation & Amortization						10,582	9,359	8,397	8,796	8,797	8,810
Other Operating Expenses						13,265	11,551	9,510	9,327	8,932	8,995
Other Operating Expenses, Total						23,970	20,999	17,987	18,305	17,884	17,965
Operating Income						5,374	4,656	2,299	3,319	2,350	2,586
Interest Expense, Total						-1,903	-1,513	-1,564	-1,941	-2,041	-2,184
Interest And Investment Income						306	197	205	409	545	467
Net Interest Expenses						-1,597	-1,316	-1,359	-1,532	-1,496	-1,717
Income (Loss) On Equity Invest.						13	2	-127	217	-2,162	-2,130
Currency Exchange Gains (Loss)						121	182	50	-86	11	243
Other Non Operating Income (Expenses)						-356	-509	-145	166	-465	-465
EBT, Excl. Unusual Items						3,555	3,015	718	2,084	-1,762	-1,483
Restructuring Charges	—	—		—	—	-1,733	—	—	—	—	—
Impairment of Goodwill	—			—		-206	-519	-416	—	-58	-58
Gain (Loss) On Sale Of Investments	—					—	—	—	—	—	—
Gain (Loss) On Sale Of Assets						1,102	302	11,442	741	250	159
Asset Writedown	—	—	—	—	—	—	-375	—	-77	—	—
Legal Settlements	—	—	—	—		—	160	351	212	97	97
EBT, Incl. Unusual Items						2,718	2,583	12,095	2,960	-1,473	-1,285
Income Tax Expense						1,054	626	1,378	641	-899	-900
Earnings From Continuing Operations						1,664	1,957	10,717	2,319	-574	-385
Minority Interest						-522	-375	-2,580	-308	-318	-288
Net Income						1,142	1,582	8,137	2,011	-892	-673
Preferred Dividend and Other Adjustments						282	250	253	209	254	254
Net Income to Common Incl Extra Items						860	1,332	7,884	1,802	-1,146	-927
Net Income to Common Excl. Extra Items						860	1,332	7,884	1,802	-1,146	-927
Total Shares Outstanding						5,114.6	5,428.2	5,639.7	5,690	5,639.4	5,637.5
Weighted Avg. Shares Outstanding						5,794	5,952.7	5,864.1	5,740.1	5,668.1	5,476.9
Weighted Avg. Shares Outstanding Dil						5,798.8	5,959.3	5,874.2	5,763.2	5,715.6	5,476.9
EPS						0.1	0.2	1.3	0.3	-0.2	-0.2
EPS Diluted						0.1	0.2	1.3	0.3	-0.2	-0.2
EBITDA						14,235	12,413	9,047	8,714	7,632	7,781
Effective Tax Rate						38.8%	24.2%	11.4%	21.7%	61%	70%