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Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
MXN ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Operating activities        
Profit before income tax $ 141,987,236 $ 7,903 $ 62,829,909 $ 115,333,645
Items not requiring the use of cash:        
Depreciation property, plant and equipment and right-of-use assets 158,889,309 8,843 143,697,887 133,818,176
Amortization of intangible and other assets 21,915,474 1,220 20,430,474 17,967,888
Equity interest in net result of associated companies (294,235) (16) 5,179,112 5,371,824
(Gain) loss on sale of property, plant and equipment 282,824 16 264,769 (5,055,264)
Net period cost of labor obligations 21,444,882 1,194 18,232,542 16,971,936
Foreign currency exchange (income) loss, net (19,786,745) (1,101) 69,721,961 (16,175,776)
Interest income (9,127,487) (508) (9,008,220) (9,628,340)
Interest expense 60,318,857 3,356 56,019,754 44,545,241
Employee profit sharing 4,016,423 224 3,721,782 3,938,274
Valuation of derivative financial instruments, capitalized interest expense and other, net (3,887,863) (216) (3,672,093) 4,623,029
Gain on net monetary positions (5,420,274) (302) (27,387,169) (9,321,480)
Impairment to notes receivable from joint venture 0 0 4,594,792 12,184,562
Impairment of investment in joint venture 0 0 0 4,677,782
Working capital changes:        
Subscribers, distributors, recoverable taxes, contract assets and other (13,146,153) (732) (4,160,268) (19,201,698)
Prepaid expenses 2,942,404 164 2,252,754 (6,154,082)
Related parties (290,804) (16) (3,388,829) 758,301
Inventories (5,190,448) (289) (3,055,411) 2,832,978
Other assets (10,719,667) (597) (8,825,833) (1,564,370)
Accounts payable and accrued liabilities (2,814,001) (157) (15,450,565) 10,098,156
Deferred revenues 6,683,261 372 2,738,688 3,062,445
Employee benefits paid (21,577,637) (1,201) (27,271,158) (13,090,945)
Employee profit sharing paid (3,131,168) (174) (3,524,357) (3,316,540)
Interest received 2,504,220 139 3,489,600 4,882,509
Income taxes paid (53,199,386) (2,961) (48,089,000) (49,466,056)
Net cash flows provided by operating activities 272,399,022 15,161 239,341,121 248,092,195
Investing activities        
Purchase of property, plant and equipment (114,431,308) (6,369) (113,083,319) (131,101,509)
Acquisition of intangibles (16,386,132) (912) (17,751,708) (25,237,297)
Dividends received 3,015,648 168 2,779,138 4,590,313
Proceeds from sale of property, plant and equipment 406,588 23 395,232 7,042,757
Acquisition of business, net of cash acquired (276,841) (15) 493,714 0
Contractual earn-out from business combination 0 0 893,754 3,468,655
Financial instruments, net     (2,111,926) (9,420,419)
Financial instruments, net 7,490,018 417    
Investments in associated companies 0 0 (72,513) (459,750)
Acquisition of investments (4,162,135) (232) (10,983,052) (10,061,353)
Sale of investments 1,443,893 80 15,702,126 10,482,150
Acquisition of notes from joint venture 0 0 (5,497,250) (14,292,963)
Net cash flows used in investing activities (122,900,269) (6,840) (129,235,804) (164,989,416)
Financing activities        
Loans obtained 238,903,497 13,297 262,041,021 249,380,436
Repayment of loans (257,291,962) (14,320) (232,731,277) (214,735,610)
Payment of liability related to right-of-use of assets (51,585,889) (2,871) (45,285,610) (39,498,197)
Interest paid (32,325,287) (1,799) (31,082,117) (29,031,855)
Repurchase of shares (11,944,156) (665) (22,746,633) (14,331,361)
Dividends paid (33,159,586) (1,846) (31,007,121) (30,466,636)
Acquisition of non-controlling interests (440,849) (25) (2,310,084) (6,263,945)
Payment of deferred consideration of equity interest (296,861) (17) 0 0
Net cash flows used in financing activities (148,141,093) (8,246) (103,121,821) (84,947,168)
Net (decrease) increase in cash and cash equivalents 1,357,660 75 6,983,496 (1,844,389)
Adjustment to cash flows due to exchange rate fluctuations, net (3,055,403) (169) 3,070,829 (5,258,787)
Cash and cash equivalents at beginning of the year 36,652,098 2,040 26,597,773 33,700,949
Cash and cash equivalents at end of the year $ 34,954,355 $ 1,946 $ 36,652,098 $ 26,597,773