XML 116 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
MXN ($)
Dec. 31, 2019
USD ($)
[3]
Dec. 31, 2018
MXN ($)
Dec. 31, 2017
MXN ($)
OPERATING ACTIVITIES        
Income before income taxes from discontinued operations     $ 1,308 $ 1,265 [1]
Income before income taxes from continuing operations $ 38,524 [2] $ 2,043 [2] 39,882 43,694 [1]
Non-cash items adjustments:        
Operating (income) expenses (1,279) [2] (68) [2] 1,687 3,166 [1]
Non-operating expenses [1]       25,817
Depreciation 23,361 [2] 1,239 [2] 14,698 13,799 [1]
Amortization 2,449 [2] 130 [2] 2,539 1,841 [1]
Gain on sale of long-lived assets 68 [2] 4 [2] (174) (210) [1]
(Gain) loss on sale of shares [1]       (30,112)
Disposal of long-lived assets 861 [2] 46 [2] 518 451 [1]
Impairment of long-lived assets 1,018 [2] 54 [2] 432 2,063 [1]
Share of the profit of equity accounted investees, net of taxes (6,228) [2] (330) [2] (6,252) (7,923) [1]
Interest income (3,168) [2] (168) [2] (2,832) (1,470) [1]
Interest expense 14,133 [2] 749 [2] 9,825 11,092 [1]
Foreign exchange loss (gain), net 2,467 [2] 131 [2] 248 (4,934) [1]
Monetary position (gain), net (260) [2] (14) [2] (216) (1,590) [1]
Market value loss on financial instruments 320 [2] 17 [2] 355 204 [1]
Net cash flow from operating activities before changes in operating accounts 72,266 [2] 3,833 [2] 60,710 55,888 [1]
Trade accounts receivable and other current assets (2,818) [2] (149) [2] (2,426) (11,182) [1]
Other current financial assets (268) [2] (14) [2] 379 1,417 [1]
Inventories (5,635) [2] (299) [2] (3,809) (2,808) [1]
Derivative financial instruments 41 [2] 2 [2] (23) 18 [1]
Trade accounts payable and other accounts 10,230 [2] 542 [2] 4,906 7,344 [1]
Other non-current liabilities 345 [2] 18 [2] 752 309 [1]
Other current financial liabilities 158 [2] 8 [2] (544) 1,769 [1]
Employee benefits paid (790) [2] (42) [2] (412) (661) [1]
Net cash generated from operations 73,529 [2] 3,899 [2] 59,532 52,094 [1]
Income taxes paid (11,891) [2] (630) [2] (12,603) (18,659) [1]
Net cash generated by operating activities from discontinued operations     654 5,435 [1]
Net cash generated by operating activities from continuing operations 61,638 [2] 3,268 [2] 46,929 33,435 [1]
INVESTING ACTIVITIES        
Proceeds from the sale of subsidiary, net of cash disposed     7,649  
Acquisition by Coca-Cola FEMSA, net of cash acquired (see Note 4)     (5,692)  
Deconsolidation in Coca-Cola FEMSA Venezuela (see Note 3.3) [1]       (170)
Other acquisitions, net of cash acquired (see Note 4) (7,136) [2] (374) [2] (321)  
Equity accounted investees (2,516) [2] (133) [2] (98) (889) [1]
Other equity investments [2] (14,419) (765)    
Partial disposal of investment in Heineken Group [1]       50,790
Disposal (purchase) of investments 29,381 [2] 1,558 [2] (40,487) (2,539) [1]
Interest received 3,253 [2] 172 [2] 2,736 1,470 [1]
Derivative financial instruments (203) [2] (11) [2] 99 (35) [1]
Dividends received from equity accounted investees 3,026 [2] 160 [2] 2,927 3,277 [1]
Property, plant and equipment acquisitions (22,926) [2] (1,216) [2] (21,584) (19,484) [1]
Proceeds from disposal of property, plant and equipment 655 [2] 35 [2] 467 491 [1]
Acquisition of intangible assets (2,197) [2] (117) [2] (1,793) (3,003) [1]
Investment in other assets (1,179) [2] (63) [2] (1,182) (1,222) [1]
Collections of other assets 415 [2] 22 [2] 166 94 [1]
Investment in other financial assets (285) [2] (19) [2] (65) (184) [1]
Net cash (used in) generated by investing activities from discontinued operations     (962) 2,820 [1]
Net cash (used in) generated by investing activities from continuing operations (14,132) [2] (751) [2] (57,178) 28,596 [1]
FINANCING ACTIVITIES        
Proceeds from borrowings 18,280 [2] 788 [2] 16,155 13,599 [1]
Payments of bank loans (26,301) [2] (1,213) [2] (17,182) (18,130) [1]
Interest paid (6,503) [2] (345) [2] (6,799) (6,547) [1]
Derivative financial instruments (690) [2] (37) [2] (2,288) (1,579) [1]
Dividends paid (13,629) [2] (723) [2] (12,933) (12,450) [1]
Acquisition of non-controlling interest (728) [2] (39) [2]   (663) [1]
Interest paid derived from leases [2] (4,498) (238)    
Payments of leases [2] (4,350) (231)    
Other financing activities (15) [2] (1) [2] 36 634 [1]
Financing from Vonpar's acquisition [1]       4,082
Net cash used in financing activities from discontinued operations     (37) (485) [1]
Net cash (used) generated by financing activities from continuing operations (38,433) [2] (2,040) [2] (23,011) (21,054) [1]
Increase (decrease) in cash and cash equivalents from continuing operations 9,073 [2] 477 [2] (33,258) 40,977 [1]
Increase in cash and cash equivalents from discontinued operations     963 9,035 [1]
Cash and cash equivalents at the beginning of the period 62,047 [2] 3,290 [2] 96,944 [1] 43,637 [1]
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies (5,558) [2] (291) [2] (2,602) 3,295 [1]
Cash and cash equivalents at the end of the period $ 65,562 [2] $ 3,476 $ 62,047 [2] $ 96,944 [1]
[1] Revised to reflect the discontinued operations of Coca-Cola FEMSA Philippines – See Note 4.2.1
[2] 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
[3] Convenience translation to U.S. dollars ($) – See Note 2.2.3