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Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Operating Activities:      
(Loss) income before income taxes from continuing operations $ (6,129,007) $ (12,165,823) $ 2,441,939
Income before income taxes from discontinued operations   75,416,214 11,658,624
Adjustments to reconcile income or loss before income taxes to net cash provided by operating activities:      
Share of loss (income) of associates and joint ventures 4,086,628 7,378,249 (3,671,877)
Depreciation and amortization 21,469,152 21,239,306 21,418,369
Other amortization of assets 422,065 353,232 329,144
Impairment of long-lived assets 69,467   225,136
Loss (gain) on disposition of property and equipment 233,612 (131,683) (279,593)
Impairment loss on trade accounts receivable and other receivables 1,107,996 1,172,555 1,276,990
Post-employment benefits 87,657 151,389 259,291
Interest income (675,550) (89,268) (60,174)
Share-based compensation expense 748,500 1,665,909 1,088,413
Other finance loss, net 134,847 110,739 1,183,180
Gain on disposition of discontinued operations   (75,192,421)  
Gain on disposition of investments, net     (4,547,029)
Other income (734,421)    
Interest expense 7,654,334 9,459,377 9,135,531
Lawsuit settlement agreement   418,734  
Unrealized foreign exchange (gain) loss, net (3,740,149) (999,499) 1,805,986
Total 24,735,131 28,787,010 42,263,930
Decrease (increase) in trade accounts receivable 523,619 (4,176,638) (2,000,397)
(Increase) decrease in transmission rights (456,857) 1,241,568 (6,049,514)
Decrease in due from related parties, net 1,708,178 4,987,868 18,959
Decrease (increase) in inventories 564,745 (588,954) (571,281)
Decrease (increase) in other accounts receivable and other current assets 1,271,583 (2,217,989) (2,882,822)
(Decrease) increase in trade accounts payable and accrued expenses (3,216,450) (122,945) 850,760
(Decrease) increase in deferred revenue and customer advances (734,349) 267,237 3,060,769
(Decrease) increase in other liabilities and taxes payable (2,316,886) (3,027,186) 2,877,152
Increase (decrease) in post-employment benefits 136,993 (564,382) 923,196
Income taxes paid (7,014,309) (12,118,014) (9,166,602)
Total (9,533,733) (16,319,435) (12,939,780)
Net cash provided by operating activities 15,201,398 12,467,575 29,324,150
Investing activities:      
Disposition of investments in financial instruments     2,014,371
Disposition of OCEN and Radipolis     4,625,291
Proceeds from disposition of discontinued operations   66,095,454  
Long-term credit with related party   (5,738,832)  
Disposition or investment in joint ventures 45,556 (7,922) 122,227
Dividends from preferred shares 716,905 752,556  
Release of holdback payment of OCEN   364,420  
Investment in other equity instruments     (1,122,178)
Dividends received 8,000 10,000 10,000
Investments in property, plant and equipment (14,708,016) (17,315,387) (23,267,847)
Disposition of property, plant and equipment 48,873 264,163 672,424
Non-current trade account receivable   87,663  
Other investments in intangible assets (1,869,707) (1,807,183) (1,899,464)
Net cash (used in) provided by investing activities (15,758,389) 42,704,932 (18,845,176)
Financing activities:      
Partial prepayment of Senior Notes due 2025, 2026, 2045, 2046 and 2049 (4,718,250) (10,099,581)  
Repurchase of Senior Notes due 2043 (181,731)    
Prepayment of long-term loans from Mexican banks   (6,000,000)  
Proceeds from Mexican banks long-term loans 400,000   2,650,000
Repayment of Mexican peso debt   (610,403) (242,489)
Prepayment of Mexican peso debt related to Sky (1,400,000)   (1,750,000)
Payments of lease liabilities (1,793,602) (1,690,311) (1,728,753)
Interest paid (7,553,938) (8,893,000) (8,258,243)
Funding for acquisition of shares of the Long-term Retention Plan (86,000) (648,242) (328,500)
Repurchases of CPOs under a share repurchase program (1,197,082) (629,326)  
Repurchase of capital stock (172,976) (980,410) (774,073)
Sale of capital stock 172,976 980,410 774,073
Dividends paid (1,027,354) (1,053,392) (1,053,392)
Dividends paid of non-controlling interests     (328,774)
Derivative financial instruments (195,055) (145,131) (2,692,241)
Net cash used in financing activities (17,753,012) (29,769,386) (13,732,392)
Effect of exchange rate changes on cash and cash equivalents (234,637) (100,344) 23,540
Net (decrease) increase in cash and cash equivalents (18,544,640) 25,302,777 (3,229,878)
Cash and cash equivalents at beginning of year 51,130,992 25,828,215 29,058,093
Cash and cash equivalents at end of year $ 32,586,352 $ 51,130,992 $ 25,828,215