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Segments
12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Segments
23. Segments
América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, United States, Honduras, Chile, Peru, Paraguay, Uruguay, Dominican Republic, Puerto Rico, Panama, Austria, Croatia, Bulgaria, Belarus, Macedonian, Serbia and Slovenia. The accounting policies for the segments are the same as those described in Note 2.
The Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), analyzes the financial and operating information by operating segment. All operating segments that (i) represent more than 10% of consolidated revenues, (ii) more than the absolute amount of its reported 10% of profits before income tax or (iii) more than 10% of consolidated assets, are presented separately.
The Company presents the following reportable segments for the purposes of its consolidated financial statements: Mexico (includes Telcel and Corporate operations and assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Chile, Paraguay and Uruguay), Central America (includes Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama), U.S.A. (excludes Puerto Rico), Caribbean (includes Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia).
The segment Southern Cone comprises mobile communication services in Argentina as well as Chile, Paraguay and Uruguay. Beginning in 2018, hyperinflation accounting in accordance with IAS 29 was initially applied to Argentina, which results in the restatement of
non-monetary
assets, liabilities and all items of the statement of comprehensive income for the change in a general price index and the translation of these items applying the
period-end
exchange rate.
The Company considers that the quantitative and qualitative aspects of any aggregated operating segments (that is, Central America and Caribbean reportable segments) are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) the similarity of key financial statements measures and trends, (ii) all entities provide telecommunications services, (iii) similarities of customer base and services, (iv) the methods to distribute services are the same, based on telephone plant in both cases, wireless and fixed lines, (v) similarities of governments and regulatory entities that oversee the activities and services of telecom companies, (vi) inflation trends, and (vii) currency trends.
 
 
 
Mexico
 
 
Telmex
 
 
Brazil
 
 
Southern Cone
 
 
Colombia
 
 
Andean
 
 
Central
America
 
 
U.S.A.
 
 
Caribbean
 
 
Europe
 
 
Eliminations
 
 
Consolidated
total
 
As of and for the year ended December 31, 2017 (in Ps.):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
 
190,022,612
 
 
 
89,731,238
 
 
 
210,536,673
 
 
 
81,092,885
 
 
 
72,435,460
 
 
 
56,393,595
 
 
 
44,094,835
 
 
 
148,589,487
 
 
 
35,092,578
 
 
 
93,644,172
 
 
 
—  
 
 
 
1,021,633,535
 
Intersegment revenues
 
 
16,748,428
 
 
 
8,753,525
 
 
 
4,785,601
 
 
 
1,250,983
 
 
 
304,555
 
 
 
177,856
 
 
 
187,086
 
 
 
44
 
 
 
122,656
 
 
 
—  
 
 
 
(32,330,734
 
 
—  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
 
206,771,040
 
 
 
98,484,763
 
 
 
215,322,274
 
 
 
82,343,868
 
 
 
72,740,015
 
 
 
56,571,451
 
 
 
44,281,921
 
 
 
148,589,531
 
 
 
35,215,234
 
 
 
93,644,172
 
 
 
(32,330,734
 
 
1,021,633,535
 
Depreciation and amortization
 
 
17,030,251
 
 
 
18,902,238
 
 
 
51,486,652
 
 
 
10,639,591
 
 
 
12,373,790
 
 
 
8,328,705
 
 
 
9,668,439
 
 
 
1,594,727
 
 
 
5,349,757
 
 
 
25,222,962
 
 
 
(422,170
 
 
160,174,942
 
Operating income (loss)
 
 
50,666,028
 
 
 
7,921,524
 
 
 
11,601,369
 
 
 
11,676,427
 
 
 
(4,704,165
 
 
5,650,477
 
 
 
5,252,401
 
 
 
2,915,123
 
 
 
4,752,168
 
 
 
4,523,857
 
 
 
(111,906
 
 
100,143,303
 
Interest income
 
 
30,083,437
 
 
 
619,748
 
 
 
3,792,242
 
 
 
2,884,613
 
 
 
211,521
 
 
 
1,793,974
 
 
 
1,064,992
 
 
 
394,196
 
 
 
1,111,980
 
 
 
307,021
 
 
 
(39,338,076
 
 
2,925,648
 
Interest expense
 
 
32,185,868
 
 
 
1,028,593
 
 
 
23,578,083
 
 
 
4,637,989
 
 
 
1,955,688
 
 
 
1,573,929
 
 
 
485,684
 
 
 
—  
 
 
 
377,727
 
 
 
2,035,716
 
 
 
(37,558,496
 
 
30,300,781
 
Income tax
 
 
18,142,482
 
 
 
387,145
 
 
 
(2,991,377
 
 
3,535,302
 
 
 
(1,874,594
 
 
1,806,085
 
 
 
2,025,618
 
 
 
1,803,555
 
 
 
3,529,253
 
 
 
(1,417,358
 
 
(4,600
 
 
24,941,511
 
Equity interest in net income (loss) of associated companies
 
 
99,044
 
 
 
16,564
 
 
 
(232
 
 
(9,801
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
(14,190
 
 
—  
 
 
 
91,385
 
Net profit (loss) attributable to equity holders of the parent
 
 
26,321,442
 
 
 
184,387
 
 
 
(6,617,381
 
 
4,421,938
 
 
 
(6,209,530
 
 
1,595,382
 
 
 
3,713,301
 
 
 
1,793,875
 
 
 
1,262,073
 
 
 
5,656,132
 
 
 
(2,795,698
 
 
29,325,921
 
Assets by segment
 
 
1,033,036,406
 
 
 
170,402,561
 
 
 
428,281,963
 
 
 
133,136,177
 
 
 
108,362,023
 
 
 
113,478,626
 
 
 
81,529,691
 
 
 
40,761,830
 
 
 
88,672,466
 
 
 
203,858,243
 
 
 
(915,308,134
 
 
1,486,211,852
 
Plant, property and equipment, net
 
 
59,137,555
 
 
 
109,713,770
 
 
 
187,459,628
 
 
 
69,006,093
 
 
 
57,060,931
 
 
 
35,930,966
 
 
 
39,050,481
 
 
 
1,693,642
 
 
 
32,173,524
 
 
 
85,116,608
 
 
 
—  
 
 
 
676,343,198
 
Goodwill
 
 
27,102,384
 
 
 
213,926
 
 
 
24,708,739
 
 
 
3,073,444
 
 
 
13,981,033
 
 
 
6,113,495
 
 
 
5,597,990
 
 
 
3,341,956
 
 
 
14,186,723
 
 
 
53,143,542
 
 
 
—  
 
 
 
151,463,232
 
Trademarks, net
 
 
406,723
 
 
 
274,786
 
 
 
246,557
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
631,024
 
 
 
262,641
 
 
 
8,116,076
 
 
 
—  
 
 
 
9,937,807
 
Licenses and rights, net
 
 
11,457,720
 
 
 
13,175
 
 
 
35,662,305
 
 
 
8,885,086
 
 
 
4,197,498
 
 
 
11,295,202
 
 
 
3,376,106
 
 
 
—  
 
 
 
7,276,039
 
 
 
31,141,255
 
 
 
—  
 
 
 
113,304,386
 
Investment in associated companies
 
 
469,662
 
 
 
546,872
 
 
 
640
 
 
 
63,110
 
 
 
451
 
 
 
—  
 
 
 
16,999
 
 
 
—  
 
 
 
—  
 
 
 
806,950
 
 
 
1,830,488
 
 
 
3,735,172
 
Liabilities by segments
 
 
794,598,013
 
 
 
133,428,178
 
 
 
322,620,030
 
 
 
119,123,646
 
 
 
54,756,152
 
 
 
48,656,628
 
 
 
35,501,900
 
 
 
38,249,957
 
 
 
43,978,410
 
 
 
119,240,533
 
 
 
(484,575,112
 
 
1,225,578,335
 
As of and for the year ended December 31, 2018 (in Ps.):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
 
207,610,244
 
 
 
86,339,289
 
 
 
188,712,666
 
 
 
89,149,978
 
 
 
75,460,428
 
 
 
55,633,192
 
 
 
44,883,585
 
 
 
153,266,315
 
 
 
36,435,541
 
 
 
100,716,443
 
 
 
—  
 
 
 
1,038,207,681
 
Intersegment revenues
 
 
16,946,543
 
 
 
9,741,908
 
 
 
4,593,760
 
 
 
13,200,358
 
 
 
344,517
 
 
 
154,082
 
 
 
149,445
 
 
 
—  
 
 
 
204,294
 
 
 
—  
 
 
 
(45,334,907
 
 
—  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
 
224,556,787
 
 
 
96,081,197
 
 
 
193,306,426
 
 
 
102,350,336
 
 
 
75,804,945
 
 
 
55,787,274
 
 
 
45,033,030
 
 
 
153,266,315
 
 
 
36,639,835
 
 
 
100,716,443
 
 
 
(45,334,907
 
 
1,038,207,681
 
Depreciation and amortization
 
 
17,619,342
 
 
 
18,358,248
 
 
 
42,857,751
 
 
 
13,526,361
 
 
 
13,464,867
 
 
 
8,516,960
 
 
 
8,940,655
 
 
 
1,545,395
 
 
 
5,036,831
 
 
 
26,838,972
 
 
 
(992,802
 
 
155,712,580
 
Operating income (loss)
 
 
57,450,599
 
 
 
8,085,764
 
 
 
23,494,903
 
 
 
16,975,797
 
 
 
14,388,552
 
 
 
5,003,915
 
 
 
4,867,763
 
 
 
2,665,270
 
 
 
5,811,846
 
 
 
4,731,562
 
 
 
(3,918,800
 
 
139,557,171
 
Interest income
 
 
26,578,280
 
 
 
420,380
 
 
 
11,303,888
 
 
 
2,251,474
 
 
 
1,013,839
 
 
 
1,666,879
 
 
 
1,566,086
 
 
 
559,548
 
 
 
1,458,874
 
 
 
122,133
 
 
 
(36,295,212
 
 
10,646,169
 
Interest expense
 
 
32,526,258
 
 
 
1,153,913
 
 
 
20,377,191
 
 
 
4,338,941
 
 
 
2,913,881
 
 
 
1,719,663
 
 
 
509,081
 
 
 
—  
 
 
 
561,867
 
 
 
1,973,431
 
 
 
(34,302,793
 
 
31,771,433
 
Income tax
 
 
28,842,505
 
 
 
643,377
 
 
 
4,026,444
 
 
 
1,390,039
 
 
 
2,251,877
 
 
 
2,498,666
 
 
 
2,533,600
 
 
 
810,898
 
 
 
2,774,204
 
 
 
707,093
 
 
 
(1,624
 
 
46,477,079
 
Equity interest in net income (loss) of associated companies
 
 
(5,962
 
 
44,965
 
 
 
(152
 
 
(20,871
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
(17,713
 
 
—  
 
 
 
267
 
Net profit (loss) attributable to equity holders of the parent
 
 
23,185,029
 
 
 
(2,201,572
 
 
3,530,653
 
 
 
6,065,703
 
 
 
9,165,801
 
 
 
1,730,933
 
 
 
2,821,733
 
 
 
2,820,505
 
 
 
3,644,697
 
 
 
3,809,694
 
 
 
(2,006,979
 
 
52,566,197
 
Assets by segment
 
 
970,564,314
 
 
 
174,461,398
 
 
 
390,791,480
 
 
 
127,946,573
 
 
 
111,975,598
 
 
 
96,347,779
 
 
 
81,640,157
 
 
 
38,814,907
 
 
 
102,531,547
 
 
 
186,135,358
 
 
 
(851,985,719
 
 
1,429,223,392
 
Plant, property and equipment, net
 
 
56,056,634
 
 
 
103,737,293
 
 
 
173,197,708
 
 
 
62,988,635
 
 
 
51,422,548
 
 
 
35,800,477
 
 
 
37,146,601
 
 
 
1,356,237
 
 
 
38,011,242
 
 
 
80,421,642
 
 
 
(138,297
 
 
640,000,720
 
Goodwill
 
 
27,104,632
 
 
 
215,381
 
 
 
21,388,124
 
 
 
2,796,759
 
 
 
12,770,380
 
 
 
5,242,365
 
 
 
5,466,871
 
 
 
3,328,533
 
 
 
14,186,723
 
 
 
53,066,729
 
 
 
—  
 
 
 
145,566,497
 
Trademarks, net
 
 
227,774
 
 
 
243,556
 
 
 
124,910
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
507,033
 
 
 
249,984
 
 
 
3,313,948
 
 
 
—  
 
 
 
4,667,205
 
Licenses and rights, net
 
 
10,573,147
 
 
 
—  
 
 
 
25,873,910
 
 
 
12,555,496
 
 
 
3,400,235
 
 
 
9,651,582
 
 
 
3,605,416
 
 
 
—  
 
 
 
10,294,336
 
 
 
27,344,273
 
 
 
—  
 
 
 
103,298,395
 
Investment in associated companies
 
 
5,621,661
 
 
 
563,667
 
 
 
543
 
 
 
20,697
 
 
 
412
 
 
 
—  
 
 
 
24,262
 
 
 
—  
 
 
 
—  
 
 
 
748,674
 
 
 
(3,847,209
 
 
3,132,707
 
Liabilities by segments
 
 
748,965,728
 
 
 
136,993,838
 
 
 
298,308,084
 
 
 
94,550,901
 
 
 
56,211,438
 
 
 
50,064,761
 
 
 
28,592,953
 
 
 
35,552,678
 
 
 
58,716,154
 
 
 
117,214,746
 
 
 
(441,820,311
 
 
1,183,350,970
 
 
 
Mexico
 
 
Telmex
 
 
Brazil
 
 
Southern Cone
 
 
Colombia
 
 
Andean
 
 
Central
America
 
 
U.S.A.
 
 
Caribbean
 
 
Europe
 
 
Eliminations
 
 
Consolidated
total
 
As of and for the year ended December 31, 2019 (in Ps.):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
External revenues
 
 
226,164,232
 
 
 
84,173,980
 
 
 
177,596,077
 
 
 
54,230,682
 
 
 
74,274,684
 
 
 
55,440,675
 
 
 
46,602,036
 
 
 
155,864,392
 
 
 
34,580,822
 
 
 
98,420,289
 
 
 
—  
 
 
 
1,007,347,869
 
Intersegment revenues
 
 
11,676,015
 
 
 
11,863,364
 
 
 
4,182,248
 
 
 
11,041,705
 
 
 
361,386
 
 
 
92,249
 
 
 
132,061
 
 
 
—  
 
 
 
1,136,879
 
 
 
—  
 
 
 
(40,485,907
 
 
—  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
 
237,840,247
 
 
 
96,037,344
 
 
 
181,778,325
 
 
 
65,272,387
 
 
 
74,636,070
 
 
 
55,532,924
 
 
 
46,734,097
 
 
 
155,864,392
 
 
 
35,717,701
 
 
 
98,420,289
 
 
 
(40,485,907
 
 
1,007,347,869
 
Depreciation and amortization
 
 
24,742,622
 
 
 
16,346,927
 
 
 
39,424,474
 
 
 
13,847,506
 
 
 
13,439,489
 
 
 
10,256,129
 
 
 
11,045,817
 
 
 
1,396,422
 
 
 
6,322,648
 
 
 
24,975,146
 
 
 
(2,881,970
 
 
158,915,210
 
Operating income (loss)
 
 
67,694,409
 
 
 
9,731,852
 
 
 
28,846,565
 
 
 
4,007,614
 
 
 
15,324,977
 
 
 
8,023,002
 
 
 
5,712,068
 
 
 
2,968,236
 
 
 
5,741,368
 
 
 
8,687,862
 
 
 
(1,897,418
 
 
154,840,535
 
Interest income
 
 
23,713,455
 
 
 
1,839,973
 
 
 
3,155,681
 
 
 
896,256
 
 
 
1,306,571
 
 
 
1,283,788
 
 
 
532,046
 
 
 
324,932
 
 
 
1,478,560
 
 
 
115,359
 
 
 
(28,361,949
 
 
6,284,672
 
Interest expense
 
 
30,972,658
 
 
 
1,439,785
 
 
 
19,021,965
 
 
 
3,849,318
 
 
 
2,952,123
 
 
 
2,422,887
 
 
 
1,406,720
 
 
 
385
 
 
 
1,435,862
 
 
 
2,220,168
 
 
 
(27,810,532
 
 
37,911,339
 
Income tax
 
 
30,000,511
 
 
 
1,528,229
 
 
 
4,251,116
 
 
 
2,022,336
 
 
 
5,405,452
 
 
 
1,681,159
 
 
 
2,355,380
 
 
 
1,119,478
 
 
 
719,774
 
 
 
1,946,255
 
 
 
3,843
 
 
 
51,033,533
 
Equity interest in net income (loss) of associated companies
 
 
(3,732
 
 
46,789
 
 
 
(1,538
 
 
(23,424
 
 
—  
 
 
 
—  
 
 
 
(28,795
 
 
—  
 
 
 
—  
 
 
 
(6,909
 
 
—  
 
 
 
(17,609
Net profit (loss) attributable to equity holders of the parent
 
 
42,598,946
 
 
 
(1,705,068
 
 
5,618,095
 
 
 
(6,984
 
 
9,571,046
 
 
 
(2,604,646
 
 
2,335,963
 
 
 
2,095,807
 
 
 
4,312,630
 
 
 
5,051,145
 
 
 
463,957
 
 
 
67,730,891
 
Assets by segment
 
 
915,233,048
 
 
 
201,283,526
 
 
 
382,561,753
 
 
 
132,722,497
 
 
 
115,851,227
 
 
 
94,021,632
 
 
 
77,355,732
 
 
 
30,775,893
 
 
 
100,694,650
 
 
 
191,744,924
 
 
 
(710,311,225
 
 
1,531,933,657
 
Plant, property and equipment, net
 
 
54,589,459
 
 
 
106,869,482
 
 
 
174,761,167
 
 
 
60,537,650
 
 
 
50,133,642
 
 
 
39,068,450
 
 
 
38,934,747
 
 
 
1,405,755
 
 
 
38,223,641
 
 
 
75,707,738
 
 
 
(888,361
 
 
639,343,370
 
Goodwill
 
 
27,396,393
 
 
 
215,381
 
 
 
25,379,805
 
 
 
5,241,305
 
 
 
12,124,685
 
 
 
4,895,331
 
 
 
7,289,748
 
 
 
3,220,105
 
 
 
14,186,723
 
 
 
52,950,325
 
 
 
—  
 
 
 
152,899,801
 
Trademarks, net
 
 
46,476
 
 
 
212,324
 
 
 
37,207
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
369,950
 
 
 
227,156
 
 
 
2,595,596
 
 
 
—  
 
 
 
3,488,709
 
Licenses and rights, net
 
 
11,087,882
 
 
 
452,504
 
 
 
29,324,718
 
 
 
12,103,980
 
 
 
5,530,422
 
 
 
8,064,487
 
 
 
4,390,547
 
 
 
—  
 
 
 
7,942,670
 
 
 
25,951,335
 
 
 
—  
 
 
 
104,848,545
 
Investment in associated companies
 
 
3,562,323
 
 
 
610,807
 
 
 
111,073
 
 
 
(7,806
 
 
391
 
 
 
—  
 
 
 
25,603
 
 
 
—  
 
 
 
—  
 
 
 
—  
 
 
 
(1,828,198
 
 
2,474,193
 
Liabilities by segments
 
 
718,354,229
 
 
 
175,774,964
 
 
 
297,877,328
 
 
 
103,330,525
 
 
 
55,576,253
 
 
 
55,463,339
 
 
 
37,993,180
 
 
 
31,557,816
 
 
 
54,276,868
 
 
 
124,319,541
 
 
 
(349,497,251
 
 
1,305,026,792