Information by Segment (Tables)

12 Months Ended

Dec. 31, 2019

Text block [abstract]

Summary of Inter Segment Policies for Segment

2019	Coca-Cola FEMSA			FEMSA Comercio – Proximity Division		FEMSA Comercio – Health Division		FEMSA Comercio – Fuel Division		Heineken Investment			Other (1)			Consolidation Adjustments			Consolidated
Total revenues	Ps.	194,471		Ps.	184,810	Ps.	58,922	Ps.	47,852	Ps.	—		Ps.	41,788		Ps.	(21,132	)	Ps.	506,711
Intercompany revenue		5,688			325		—		11		—			15,108			(21,132	)		—
Gross profit		87,507			75,099		17,645		4,775		—			11,551			(5,096	)		191,481
Administrative expenses		—			—		—		—		—			—			—			19,930
Selling expenses		—			—		—		—		—			—			—			121,871
Other income		—			—		—		—		—			—			—			1,013
Other expenses		—			—		—		—		—			—			—			4,905
Interest expense		6,904			5,733		1,226		1,175		1			2,303			(3,209	)		14,133
Interest income		1,230			338		10		114		23			4,563			(3,110	)		3,168
Other net finance loss (3)		—			—		—		—		—			—			—			(2,527	)
Income before income taxes and share of the profit of equity accounted investees		18,409			11,458		1,487		124		10			449			359			32,296
Income taxes		5,648			923		556		49		(491	)		3,791			—			10,476
Share of the profit of equity accounted investees, net of tax		(131	)		9		—		—		6,428			(78	)		—			6,228
Net income from continuing operations		—			—		—		—		—			—			—			28,048
Net income from discontinued operations		—			—		—		—		—			—			—			—
Consolidated net income		—			—		—		—		—			—			—			28,048
Depreciation and amortization (2)		10,642			9,604		3,112		855		—			1,708			(112	)		25,810
Non-cash items other than depreciation and amortization		1,083			529		23		105		—			755			—			2,495
Investments in equity accounted investees		9,751			3,719		—		—		83,789			211			—			97,470
Total assets		257,841			117,229		54,366		17,701		86,639			158,746			(54,981	)		637,541
Total liabilities		128,154			98,468		53,468		16,754		3,151			66,812			(55,017	)		311,790
Investments in fixed assets (4)		11,465			10,374		1,529		706		—			1,685			(180	)		25,579

(1) Includes other companies and corporate (see Note 1).

(2) Includes bottle breakage.

(3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.

(4) Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.

2018	Coca-Cola FEMSA			FEMSA Comercio  – Proximity Division			FEMSA Comercio – Health Division		FEMSA Comercio – Fuel Division		Heineken Investment		Other (1)		Consolidation Adjustments			Consolidated
Total revenues	Ps.	182,342		Ps.	167,458		Ps.	51,739	Ps.	46,936	Ps	.—	Ps.	42,293	Ps.	(21,024	)	Ps.	469,744
Intercompany revenue		5,160			290			—		—		—		15,574		(21,024	)		—
Gross profit		83,938			65,529			15,865		4,231		—		10,233		(4,626	)		175,170
Administrative expenses		—			—			—		—		—		—		—			17,313
Selling expenses		—			—			—		—		—		—		—			114,573
Other income		—			—			—		—		—		—		—			673
Other expenses		—			—			—		—		—		—		—			2,947
Interest expense		7,568			1,806			678		211		1		2,057		(2,496	)		9,825
Interest income		1,004			372			14		159		22		3,757		(2,496	)		2,832
Other net finance income (3)		—			—			—		—		—		—		—			(387	)
Income before income taxes and share of the profit of equity accounted investees		17,190			13,335			1,438		407		11		1,219		30			33,630
Income taxes		5,260			1,124			652		123		4		3,006		—			10,169
Share of the profit of equity accounted investees, net of tax		(226	)		(17	)		—		—		6,478		17		—			6,252
Net income from continuing operations		—			—			—		—		—		—		—			29,713
Net income from discontinued operations		—			—			—		—		—		—		—			3,366
Consolidated net income		—			—			—		—		—		—		—			33,079
Depreciation and amortization (2)		10,028			4,971			983		152		—		1,103		—			17,237
Non-cash items other than depreciation and amortization		755			367			22		11		—		490		—			1,645
Investments in equity accounted investees		10,518			84			—		—		83,461		252		—			94,315
Total assets		263,787			75,146			35,881		7,015		86,340		150,674		(42,462	)		576,381
Total liabilities		132,037			56,468			23,357		6,142		4,054		61,340		(42,559	)		240,839
Investments in fixed assets (4)		11,069			9,441			1,162		520		—		2,391		(317	)		24,266

(1) Includes other companies and corporate (see Note 1).

(2) Includes bottle breakage.

(3) Includes foreign exchange loss, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.

(4) Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.

2017 (Revised) (5)	Coca-Cola FEMSA			FEMSA Comercio – Proximity Division		FEMSA Comercio – Health Division		FEMSA Comercio – Fuel Division		Heineken Investment			Other (1)		Consolidation Adjustments			Consolidated
Total revenues	Ps.	183,256		Ps.	149,833	Ps.	47,421	Ps.	38,388	Ps.	—		Ps.	39,732	Ps.	(18,698	)	Ps.	439,932
Intercompany revenue		4,679			202		—		—		—			13,817		(18,698	)		—
Gross profit		83,508			56,127		14,213		2,767		—			9,307		(3,832	)		162,090
Administrative expenses		—			—		—		—		—			—		—			15,222
Selling expenses		—			—		—		—		—			—		—			105,880
Other income		—			—		—		—		—			—		—			31,951
Other expenses		—			—		—		—		—			—		—			33,866
Interest expense		8,778			1,313		685		156		—			2,372		(2,212	)		11,092
Interest income		791			306		23		47		23			2,492		(2,212	)		1,470
Other net finance expenses (3)		—			—		—		—		—			—		—			6,320
Income before income taxes and share of the profit of equity accounted investees		(11,255	)		11,723		956		146		30,000			4,265		(64	)		35,771
Income taxes		4,184			762		434		23		(5,132	)		9,942		—			10,213
Share of the profit of equity accounted investees, net of tax		60			5		—		—		7,847			11		—			7,923
Net income from continuing operations		—			—		—		—		—			—		—			33,480
Net income from discontinued operations		—			—		—		—		—			—		—			3,726
Consolidated net income		—			—		—		—		—			—		—			37,206
Depreciation and amortization (2)		9,632			4,144		942		118		—			804		—			15,640
Non-cash items other than depreciation and amortization		1,663			285		31		18		—			267		—			2,264
Investments in equity accounted investees		11,501			642		—		—		83,720			234		—			96,097
Total assets		285,677			64,717		38,496		4,678		76,555			154,930		(36,512	)		588,541
Total liabilities		144,967			49,101		25,885		4,091		1,343			62,754		(36,512	)		251,629
Investments in fixed assets (4)		12,917			8,396		774		291		—			1,479		(371	)		23,486

(1) Includes other companies and corporate (see Note 1).

(2) Includes bottle breakage.

(3) Includes foreign exchange gain, net; gain on monetary position for subsidiaries in hyperinflationary economies; and market value loss on financial instruments.

(4) Includes acquisitions and disposals of property, plant and equipment, intangible assets and other long-lived assets.

(5) Disclosure has been revised for the restructuring of FEMSA Comercio – Proximity Division and for 2017 the discontinued Philippines operations of Coca-Cola FEMSA Philippines. The assets (Ps. 28,272) and liabilities (Ps. 9,945) for the discontinued operation for 2017 of Philippines segment are included in Mexico and Central America.

Summary of Geographic Disclosure

Geographic disclosure for the Company non-current assets is as follow:

	2019		2018
Mexico and Central America (1)	Ps.	244,199	Ps.	195,310
South America (2)		136,480		120,003
Europe		83,789		83,461
Consolidated	Ps.	464,468	Ps.	398,774

(1) Domestic (Mexico only) non-current assets were Ps. 236,915 and Ps. 185,857 , as of December 31, 2019, and December 31, 2018, respectively.

(2) South America non-current assets includes Brazil, Argentina, Colombia, Chile and Uruguay. Brazilian non-current assets were Ps. 79,710 and Ps. 76,869, as of December 31, 2019 and December 31, 2018, respectively. Colombia non-current assets were Ps. 16,463 and Ps. 16,664, as of December 31, 2019 and December 31, 2018, respectively. Argentina non-current assets were Ps. 4,043 and Ps. 4,538, as of December 31, 2019 and December 31, 2018, respectively. Chile non-current assets were Ps. 31,487 and Ps. 16,787, as of December 31, 2019 and December 31, 2018, respectively. Uruguay non-current assets were Ps. 4,781 and Ps. 5,145, as of December 31, 2019 and December 31, 2018, respectively.