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Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2019
MXN ($)
Operating Activities:      
Income before income taxes $ 14,100,563 $ 5,530,724 $ 8,775,258
Adjustments to reconcile income before income taxes to net cash provided by operating activities:      
Share of (income) loss of associates and joint ventures (3,671,877) 5,739,668 (581,023)
Depreciation and amortization 21,418,369 21,260,787 21,008,796
Other amortization of assets 329,144 380,863 531,426
Impairment of long-lived assets 225,136 40,803 67,574
(Gain) loss on disposition of property and equipment (279,593) (74,175) 270,381
Impairment loss on trade notes and accounts receivable, and other receivables 1,276,990 1,387,431 1,446,568
Post-employment benefits 259,291 292,026 259,064
Interest income (60,174) (72,861) (102,675)
Share-based compensation expense 1,088,413 984,356 1,129,644
Provision for deferred compensation     199,195
Interest receivable for Asset Tax from prior years     (139,995)
Other finance loss (income), net 1,183,180 (89,323) 872,291
Gain on disposition of investments, net (4,547,029) (789,873) (627)
Cancellation of provision   691,221  
Interest expense 9,135,531 10,482,168 10,402,021
Unrealized foreign exchange loss (gain), net 1,805,986 (2,596,198) (1,120,958)
Total 42,263,930 43,167,617 43,016,940
(Increase) decrease in trade notes and accounts receivable (2,000,397) 634,108 4,785,389
(Increase) decrease in transmission rights and programming (6,049,514) (54,274) 2,632,696
Decrease (increase) in due from related parties, net 18,959 (393,631) 204,166
(Increase) in inventories (571,281) (522,003) (128,327)
Increase in other accounts and notes receivable and other current assets (2,882,822) (2,469,724) (2,789,811)
Increase (decrease) in trade accounts payable and accrued expenses 850,760 1,065,101 (1,885,865)
Increase (decrease) in customer deposits and advances 3,060,769 185,143 (7,778,497)
Increase (decrease) in other liabilities and taxes payable 2,877,152 (96,832) (1,848,715)
Increase (decrease) in post-employment benefits 923,196 326,892 (122,261)
Income taxes paid (9,166,602) (8,681,478) (8,816,632)
Total (12,939,780) (10,006,698) (15,747,857)
Net cash provided by operating activities 29,324,150 33,160,919 27,269,083
Investing activities:      
Temporary investments     30,992
Disposition of investments in financial instruments 2,014,371 3,155,643 2,301,682
Disposition of investment 4,625,291    
Disposition or investment in joint ventures 122,227 125,624 149,390
Investment in other equity instruments 1,122,178 602,466 25,741
Dividends received 10,000   772,400
Investments in property, plant and equipment (23,267,847) (20,131,738) (19,108,284)
Disposition of property, plant and equipment 672,424 1,520,417 981,503
Other investments in intangible assets (1,899,464) (1,235,177) (2,106,750)
Net cash used in investing activities (18,845,176) (15,919,697) (17,004,808)
Financing activities:      
Long-term loans from Mexican banks 2,650,000   10,000,000
Repayment of Mexican peso debt (242,489) (492,489) (989,156)
Prepayment of Mexican peso debt related to Sky (1,750,000) (2,750,000)  
Payments of lease liabilities (646,527) (668,277) (559,623)
Other payments of lease liabilities (1,082,226) (953,771) (883,533)
Interest paid (8,258,243) (9,455,387) (9,180,141)
Funding for acquisition of shares of the Long-term Retention Plan (328,500) (197,000)  
Repurchases of CPOs under a share repurchase program   (195,597) (1,385,750)
Repurchase of capital stock (774,073) (111,979) (100,246)
Sale of capital stock 774,073 111,979 100,246
Dividends paid (1,053,392)   (1,066,187)
Dividends paid of non-controlling interests (328,774) (1,420,477) (1,594,629)
Derivative financial instruments (2,692,241) 1,261,845 (596,046)
Net cash used in financing activities (13,732,392) (16,195,216) (14,301,896)
Effect of exchange rate changes on cash and cash equivalents 23,540 (11,516) (60,449)
Net (decrease) increase in cash and cash equivalents (3,229,878) 1,034,490 (4,098,070)
Cash and cash equivalents related to assets held for sale   571,338 (517,956)
Cash and cash equivalents at beginning of year 29,058,093 27,452,265 32,068,291
Cash and cash equivalents at end of year $ 25,828,215 29,058,093 27,452,265
Radiopolis      
Investing activities:      
Disposition of investment   1,248,000  
Issuance of Senior Notes due 2049      
Financing activities:      
Issuance of Notes     14,247,544
Notes due 2020, 2021 and 2022      
Financing activities:      
Prepayment of Notes     (21,000,000)
Other notes payable      
Financing activities:      
Repayment and prepayment of other notes payable   $ (1,324,063) $ (1,294,375)