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Consolidated Income Statements
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
MXN ($)
$ / shares
[1]
Dec. 31, 2019
USD ($)
$ / shares
[2]
Dec. 31, 2018
MXN ($)
$ / shares
Dec. 31, 2017
MXN ($)
$ / shares
[3]
Statement [LineItems]        
Net sales $ 504,059 $ 26,726 [1] $ 468,894 $ 439,239
Other operating revenues 2,652 141 [1] 850 693
Total revenues 506,711 26,867 [1] 469,744 439,932
Cost of goods sold 315,230 16,714 [1] 294,574 277,842
Gross profit 191,481 10,153 [1] 175,170 162,090
Administrative expenses 19,930 1,057 [1] 17,313 15,222
Selling expenses 121,871 6,462 [1] 114,573 105,880
Other income 1,013 54 [1] 673 31,951
Other expenses 4,905 260 [1] 2,947 33,866
Interest expense 14,133 749 [1] 9,825 11,092
Interest income 3,168 168 [1] 2,832 1,470
Foreign exchange (loss) gain, net (2,467) (131) [1] (248) 4,934
Monetary position gain, net 260 14 [1] 216 1,590
Market value loss on financial instruments 320 17 [1] 355 204
Income before income taxes from continuing operations and share in the profit of equity accounted investees 32,296 1,713 [1] 33,630 35,771
Income taxes 10,476 555 [1] 10,169 10,213
Share in the profit of equity accounted investees, net of tax 6,228 330 [1] 6,252 7,923
Net income from continuing operations 28,048 1,488 [1] 29,713 33,481
Net income from discontinued operations | $     3,366 3,726
CONSOLIDATED NET INCOME 28,048 1,488 33,079 37,207
Controlling interest from continuing operations 20,699 1,098 [1] 22,560 40,864
Controlling interest from discontinued operations | $     1,430 1,545
Non-controlling interest from continuing operations 7,349 390 [1] 7,153 (7,383)
Non-controlling interest from discontinued operations | $     1,936 2,181
CONSOLIDATED NET INCOME $ 28,048 $ 1,488 $ 33,079 $ 37,207
Series B shares [member]        
Basic earnings per share of continuing operations        
Basic earnings per share of continuing operations | (per share) $ 1.03 $ 0.05 [1] $ 1.13 $ 2.04
Basic earnings per share of discontinued operations        
Basic earnings per share of discontinued operations     0.07 0.08
Diluted earnings per share of continuing operations        
Diluted earnings per share of continuing operations | (per share) 1.03 0.05 [1] 1.13 2.04
Diluted earnings per share of discontinued operations        
Diluted earnings per share of discontinued operations     0.07 0.08
Series D shares [member]        
Basic earnings per share of continuing operations        
Basic earnings per share of continuing operations | (per share) 1.29 0.07 [1] 1.41 2.55
Basic earnings per share of discontinued operations        
Basic earnings per share of discontinued operations     0.09 0.10
Diluted earnings per share of continuing operations        
Diluted earnings per share of continuing operations | (per share) $ 1.29 $ 0.07 [1] 1.41 2.55
Diluted earnings per share of discontinued operations        
Diluted earnings per share of discontinued operations     $ 0.09 $ 0.10
[1] The Company initially adopted IFRS 16 at January 1st, 2019 using the modified retrospectively approach under which the comparative information is not restated. – See Note 2.4.1
[2] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[3] Revised to reflect the discontinued operations of Coca-Cola FEMSA Philippines – See Note 4.2.1