XML 99 R68.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Information by Segment (Tables)
12 Months Ended
Dec. 31, 2023
Segments [Abstract]  
Summary of Information by Operating Segment
2023Coca-Cola FEMSAProximity Americas DivisionProximity Europe DivisionHealth DivisionFuel DivisionDiscontinued operations
Other (1)
Consolidation AdjustmentsConsolidated
Total revenues Ps.245,088Ps.278,520Ps.43,552Ps.75,358Ps.58,499Ps.Ps.56,875Ps.(55,200)Ps.702,692
Intercompany revenue 8,4481,735334944,665(55,200)
Gross profit 110,860117,06218,62222,4997,34432,647(29,527)279,507
Income before income taxes and share of the profit of equity method accounted investees 28,7922,401388(166)69940,139(14,437)57,816
Consolidated net income from continued operations 44,439
Consolidated net income from discontinued operations32,23832,238
Depreciation and amortization (2)
 10,53112,9374,7003,4471,1372,646(1,381)34,017
Non-cash items other than depreciation and amortization 1,7075091481,29613(328)23,347
Investments in equity method accounted investees 9,2461,69011915,29126,247
Total assets 273,512176,83639,83364,88825,12425,819403,265(203,421)805,856
Total liabilities 139,808149,13137,87648,35720,26711,569120,707(100,228)427,487
Investments in fixed assets (3)
 21,39613,3871,6541,7501861,659(1,421)38,611
(1)Includes other companies and corporate (see Note 1).
(2)Includes bottle breakage.
(3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 400.

2022 (Revised)Coca-Cola FEMSAProximity Americas DivisionProximity Europe DivisionHealth DivisionFuel Division
Discontinued operations
Other (1)
Consolidation AdjustmentsConsolidated
Total revenues Ps.226,740 Ps.233,958 Ps.9,809 Ps.74,800 Ps.51,813 Ps.— Ps.21,280 Ps.(21,392)Ps.597,008 
Intercompany revenue 6,489 74 — — 311 — 14,518 (21,392)— 
Gross profit 100,300 97,586 4,599 21,983 6,560 — (3,785)14,275 241,518 
Income before income taxes and share of the profit of equity method accounted investees 25,787 5,661 218 1,659 1,543 — (27,939)39,567 46,496 
Consolidated net income from continued operations — — — — — — — — 33,320 
Consolidated net income from discontinued operations— — — — — 1,423 — — 1,423 
Depreciation and amortization (2)
 10,425 11,571 826 3,291 1,062 — 719 (575)27,319 
Non-cash items other than depreciation and amortization 1,738 511 394 59 — 272 68 3,048 
Investments in equity method accounted investees (4)
 8,452 2,650 — 19 — 265 — 103,669 
Total assets 277,995 143,877 38,759 60,960 24,102 179,277 162,788 (88,943)798,815 
Total liabilities 146,119 119,991 36,647 47,798 19,574 45,094 134,742 (88,951)461,014 
Investments in fixed assets (3)
 19,665 9,957 544 2,868 157 1,140 1,047 (968)34,410 
(1)Includes other companies and corporate (see Note 1).
(2)Includes bottle breakage.
(3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 308.
(4)Includes Company's investment in Heineken for an amount of Ps. 92,282.

2021 (Revised)Coca-Cola FEMSAProximity DivisionHealth DivisionFuel Division
Discontinued operations
Other (1)
Consolidation AdjustmentsConsolidated
Total revenues Ps.194,804 Ps.198,586 Ps.73,027 Ps.39,922 Ps.— Ps.19,365 Ps.(20,244)Ps.505,460 
Intercompany revenue 5,428 520 — 57 — 14,239 (20,244)— 
Gross profit 88,598 84,196 21,736 5,269 — 11,519 (5,134)206,184 
Income before income taxes and share of the profit of equity method accounted investees 22,852 12,580 1,068 455 — 6,217 (182)42,990 
Consolidated net income from continued operations — — — — — — — 29,414 
Consolidated net income from discontinued operations— — — — 8,264 — — 8,264 
Depreciation and amortization (2)
 9,834 10,869 3,355 972 — 494 (129)25,395 
Non-cash items other than depreciation and amortization 1,613 448 111 14 — 255 — 2,441 
Investments in equity method accounted investees (4)
 7,494 2,899 — 19 — 538 — 107,299 
Total assets 271,567 129,821 57,463 19,878 165,874 166,984 (74,087)737,500 
Total liabilities 143,995 110,765 44,037 16,503 32,628 128,568 (74,113)402,383 
Investments in fixed assets (3)
 13,865 7,179 2,049 243 557 474 (312)24,055 
(1)Includes other companies and corporate (see Note 1).
(2)Includes bottle breakage.
(3)Includes acquisitions and disposals of property, plant and equipment, intangible assets, and other long-lived assets. The disposals of property, plant and equipment are for Ps. 208.
(4)Includes Company's investment in Heineken for an amount of Ps. 96,349.
Summary of Geographic Area for Non-Current Assets
Geographic disclosure for the Company’s non-current assets is as follow:
    20232022
Mexico and Central America (1)
 Ps.305,204Ps.245,222
United States (2)
3661,164
South America (3)
 114,051121,398
Europe (4) (5)
 30,406144,582
Consolidated Ps.449,697Ps.572,366
(1)Domestic (Mexico only) non-current assets were Ps. 295,770 and Ps. 237,832, as of December 31, 2023 and 2022, respectively.
(2)In 2023 the Company finalized the merger of Envoy Solutions, LLC into BradyIFS, keeping an economic interest of 37% in IFS TopCo. See Note 10.
(3)South America non-current assets includes Brazil, Argentina, Colombia, Chile, Uruguay and Ecuador. Brazilian non-current assets were Ps. 61,223 and Ps. 67,848, as of December 31, 2023 and 2022, respectively. Colombia’s non-current assets were Ps. 13,479 and Ps. 17,092, as of December 31, 2023 and 2022, respectively. Argentina’s non-current assets were Ps. 2,898 and Ps. 4,895, as of December 31, 2023 and 2022, respectively. Chile’s non-current assets were Ps. 30,885 and Ps. 30,272, as of December 31, 2023 and 2022, respectively. Uruguay’s non-current assets were Ps. 2,070 and Ps. 3,403, as of December 31, 2023 and 2022, respectively. Ecuador’s non-current assets were Ps. 3,496 and Ps. 3,737, as of December 31, 2023 and 2022, respectively.
(4)On October 7, 2022, the Company completed the acquisition of Valora Holding AG.
(5)During 2023 the Company sold its investment in Heineken Group. See Note 4.