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Revenue and Expenses (Tables)
12 Months Ended
Dec. 31, 2023
Analysis of income and expense [abstract]  
Schedule of Breakdown of Revenues
The breakdown of Revenues for the years 2023, 2022 and 2021 is as follows:
Millions of euros202320222021
Revenues from rendering of services34,832 34,479 33,697 
Lease revenues71 76 127 
Sale of goods5,749 5,438 5,453 
Total40,652 39,993 39,277 
Schedule of Breakdown of Other Income
The breakdown of “Other income” is as follows:
Millions of euros202320222021
Own work capitalized803 783 771 
Gain on disposal of businesses24 205 11,008 
Gain on disposal of property, plant and equipment257 582 478 
Gain on disposal of intangible assets
Government grants27 16 13 
Other operating income428 478 396 
Total1,541 2,065 12,673 
Schedule of Breakdown of Other Expenses
The breakdown of “Other expenses” is as follows:
Millions of euros202320222021
Leases included in "Other expenses" (1)
68 86 80 
Other external services8,282 8,731 8,604 
Taxes other than income tax753 834 703 
Change in trade provisions734 693 660 
Losses on disposal of fixed assets and changes in provisions for fixed assets33 124 51 
Goodwill impairment (Note 7)58 — 416 
Other operating expenses370 273 462 
Total10,298 10,741 10,976 
(1) Following the adoption of IFRS 16, only included short-term leases and leases of low-value or intangible assets (see Notes 9).
Schedule of Estimated Payments on Operating Leases, Purchases, and Other Contractual Commitments
The estimated payment schedule for purchases and other contractual commitments (non-cancelable without penalty cost) is as follows:
Millions of eurosPurchases and other contractual commitments
Less than 1 year3,571 
1 to 3 years4,470 
3 to 5 years1,754 
More than 5 years2,254 
Total12,049 
Schedule of Breakdown of the Telefónica Group’s Average Number of Employees by Segment
The table below presents the breakdown of the Telefónica Group’s average number of employees by fully consolidated segment (see Note 4) in 2023, 2022 and 2021, together with total headcount at December 31 each year.
 202320222021
 AverageYear-endAverageYear-endAverageYear-end
Telefónica Spain21,342 21,443 21,099 20,947 22,872 22,976 
Telefónica United Kingdom— — — — 2,884 — 
Telefónica Germany7,232 7,367 7,029 7,099 7,375 7,056 
Telefónica Brazil35,118 35,519 34,275 34,846 33,987 34,343 
Telefónica Hispam29,715 29,087 30,232 29,994 31,806 30,717 
Other companies10,717 10,726 9,928 10,765 8,852 9,058 
Total104,124 104,142 102,563 103,651 107,776 104,150 
Schedule of Breakdown of Depreciation and Amortization
The breakdown of “Depreciation and amortization” on the consolidated income statement is as follows:
Millions of euros202320222021
Property, plant and equipment (Note 8)4,055 4,133 4,360 
Intangible assets (Note 6)2,583 2,599 2,388 
Rights of use (Note 9)2,159 2,064 1,649 
Total8,797 8,796 8,397 
Schedule of Earnings Per Share
Both basic and diluted earnings per share attributable to equity holders of the parent are calculated based on the following data:
Millions of euros202320222021
(Loss) profit attributable to ordinary equity holders of the parent company(892)2,011 8,137 
Adjustment for the coupon corresponding to perpetual subordinated obligations(339)(279)(337)
Tax effect85 70 84 
Total (loss) profit attributable to ordinary equity holders of the parent for basic and diluted earnings per share (1,146)1,802 7,884 
Number of shares (thousands)20232022
2021 (*)
Weighted average number of ordinary shares for basic earnings per share (does not include treasury shares)5,668,142 5,740,105 5,864,070 
Telefónica, S.A. plans of rights over shares47,435 23,096 10,098 
Weighted average number of ordinary shares outstanding for diluted earnings per share (excluding treasury shares)5,715,577 5,763,201 5,874,168 
(*) Revised data.
Thus, basic and diluted (loss) earnings per share attributable to equity holders of the parent are as follows:
(Loss) earnings per share (euros)202320222021
Basic(0.20)0.31 1.34 
Diluted(0.20)0.31 1.34