Telefónica, S.A. (Spanish: TEF)

Gran Vía 28
28013 Madrid, Spain (Map)
Phone: +34-91-584-0306
Fax: +34-91-584-9347
http://www.telefonica.com

Annual Cash Flow Statement

All amounts in millions of
except per share amounts.
View: Annual | Quarterly Dec 07 Dec 06 Dec 05
Net Operating Cash Flow 11,468.6 10,387.2 7,673.2
Net Investing Cash Flow (3,386.5) (18,903.7) (6,601.8)
Net Financing Cash Flow (6,950.8) 9,819.8 (299.2)
Net Change in Cash 938.8 1,071.5 886.3

Depreciation & Amortization -- -- --
Capital Expenditures (5,364.4) (4,672.0) (3,044.3)
Cash Dividends Paid (2,466.9) (2,153.7) (1,905.5)

Data Definitions

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