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Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
MXN ($)
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Operating Activities:      
Loss before income taxes from continuing operations $ (1,003,515) $ (7,696,609) $ (7,074,734)
Income before income taxes from discontinued operations   70,644 945,727
Adjustments to reconcile income or loss before income taxes to net cash provided by operating activities:      
Share of loss of associates and joint ventures 1,088,121 182,577 4,086,628
Depreciation and amortization 17,160,521 20,542,361 21,469,152
Other amortization of assets 1,376 47,628 422,065
Impairment of long-lived assets   3,064,319 69,467
Loss (gain) on disposition of property and equipment and intangible assets [1] 78,276 (2,321,248) 233,612
Impairment loss of trade accounts receivable and other receivables 1,197,831 1,294,125 1,107,996
Post-employment benefits 141,393 135,731 87,657
Interest income (227,414) (685,846) (675,550)
Share-based compensation expense 373,509 488,832 748,500
Other finance gain, net (302,287) (773,727) 134,847
Other (income) expense (38,737) 1,259,756 (734,421)
Interest expense 7,508,600 7,984,754 7,654,334
Unrealized foreign exchange (gain) loss, net (4,348,211) 5,664,559 (3,740,149)
Total 21,629,463 29,257,856 24,735,131
(Increase) decrease in trade accounts receivable (260,566) 142,995 523,619
Decrease (increase) in transmission rights 71,481 1,344,981 (456,857)
(Increase) decrease in due from related parties, net (176,900) 2,306,030 1,708,178
(Increase) decrease in inventories (48,090) 1,099,637 564,745
(Increase) decrease in other accounts receivable, contract costs and other assets (1,424,778) 1,456,804 1,271,583
Increase (decrease) in trade accounts payable and accrued expenses 2,688,670 (738,598) (3,216,450)
Decrease in deferred revenue and customer advances (457,397) (526,698) (734,349)
Increase (decrease) in other liabilities and taxes payable 61,631 (748,232) (2,316,886)
(Decrease) increase in post-employment benefits (57,334) (228,444) 136,993
Income taxes paid [2] (1,934,090) (812,215) (7,014,309)
Total (1,537,373) 3,296,260 (9,533,733)
Net cash provided by operating activities 20,092,090 32,554,116 15,201,398
Investing activities:      
Increase of short-term investments (11,397,798)    
Capital contribution to TelevisaUnivision (1,671,501)    
Prepayment of long-term loan due from related party 3,218,618    
Dividends from preferred shares 780,077 777,838 716,905
Disposition or investment in associate and joint ventures 116,268 50,767 45,556
Dividends received 5,000 10,000 8,000
Investments in property, plant and equipment (12,186,505) (9,097,397) (14,708,016)
Disposition of property, plant and equipment 133,177 627,973 48,873
Other investments in intangible assets (1,287,110) (1,378,854) (1,869,707)
Net cash used in investing activities (22,289,774) (9,009,673) (15,758,389)
Financing activities:      
Partial prepayment of Senior Notes due 2025, 2026, 2045, 2046 and 2049     (4,718,250)
Prepayment of long-term loans from Mexican banks (2,650,000) (10,000,000)  
Proceeds from Mexican banks long-term loans   10,000,000 400,000
Prepayment of Mexican peso debt related to Sky     (1,400,000)
Payments of lease liabilities (1,809,670) (1,567,300) (1,793,602)
Interest paid (6,816,000) (7,417,915) (7,553,938)
Funding for acquisition of shares under the Long-term Retention Plan (594,200) (132,572) (86,000)
Repurchases of CPOs under a share repurchase program     (1,197,082)
Repurchase of capital stock (495,832) (378,894) (172,976)
Sale of capital stock 495,832 378,894 172,976
Dividends paid (1,018,954) (1,018,954) (1,027,354)
Derivative financial instruments 474,233 747,746 (195,055)
Net cash used in financing activities (16,321,246) (9,388,995) (17,753,012)
Foreign currency translation on cash and cash equivalents (66,999) 148,289 (234,637)
Net (decrease) increase in cash and cash equivalents (18,585,929) 14,303,737 (18,544,640)
Cash and cash equivalents at beginning of year 46,193,173 32,586,352 51,130,992
Cash and cash equivalents of Spun-off Businesses   (696,916)  
Cash and cash equivalents at end of year 27,607,244 $ 46,193,173 32,586,352
Senior Notes due 2043      
Financing activities:      
Repurchase of Senior Notes     $ (181,731)
Senior Notes due 2025      
Financing activities:      
Repurchase of Senior Notes $ (3,906,655)    
[1] In 2024, this line item included a realized gain on sale of property of Ps.2,582,339, in connection with the Spun-off Businesses (see Notes 3 and 22).
[2] In 2025 and 2024, income taxes paid were net of income tax reimbursements of Ps.367,716, and Ps.1,324,442, respectively.