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Segments
 9 Months Ended
Sep. 30, 2023
Text block [abstract]  
Segments
12.
Segments
América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in 22 countries, including Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, Honduras, Peru, Paraguay, Uruguay, the Dominican Republic, Puerto Rico, Austria, Croatia, Bulgaria, Belarus, Macedonia, 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 unaudited interim condensed consolidated financial statements: Mexico (includes Telcel and Corporate operations and assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central America (includes Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica), Caribbean (includes the 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 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
    
(1)
Southern Cone
    
Colombia
     
Andean
     
(2)
Central
America
    
Caribbean
     
Europe
    
Eliminations
    
Consolidated
total
  
For the nine-months period ended September 30, 2023 (in Ps.):
                          
External revenues
   
 
183,326,820
 
  
 
63,385,410
 
  
 
120,643,031
 
  
 
25,589,086
 
  
 
45,573,769
 
   
 
40,784,677
 
   
 
32,815,550
 
  
 
28,317,264
 
   
 
74,864,647
 
  
 
—  
 
  
 
615,300,254
 
Intersegment revenues
   
 
7,282,073
 
  
 
12,447,157
 
  
 
3,342,344
 
  
 
37,453
 
  
 
246,029
 
   
 
50,594
 
   
 
73,754
 
  
 
899,205
 
   
 
—  
 
  
 
(24,378,609
) 
  
 
—  
 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total revenues
   
 
190,608,893
 
  
 
75,832,567
 
  
 
123,985,375
 
  
 
25,626,539
 
  
 
45,819,798
 
   
 
40,835,271
 
   
 
32,889,304
 
  
 
29,216,469
 
   
 
74,864,647
 
  
 
(24,378,609
) 
  
 
615,300,254
 
Depreciation and amortization
   
 
19,854,926
 
  
 
10,661,824
 
  
 
32,948,124
 
  
 
7,138,235
 
  
 
9,687,040
 
   
 
7,705,756
 
   
 
7,774,150
 
  
 
5,272,622
 
   
 
15,611,301
 
  
 
(1,326,894
) 
  
 
115,327,084
 
Operating income
   
 
62,193,205
 
  
 
9,478,594
 
  
 
18,413,105
 
  
 
836,693
 
  
 
7,317,594
 
   
 
8,582,308
 
   
 
4,826,064
 
  
 
6,309,274
 
   
 
12,140,762
 
  
 
(4,121,609
) 
  
 
125,975,990
 
Interest income
   
 
19,632,757
 
  
 
1,090,456
 
  
 
3,318,180
 
  
 
486,484
 
  
 
645,925
 
   
 
1,620,722
 
   
 
466,514
 
  
 
1,147,198
 
   
 
307,387
 
  
 
(22,071,061
) 
  
 
6,644,562
 
Interest expense
   
 
20,369,944
 
  
 
5,442,770
 
  
 
19,273,742
 
  
 
1,474,895
 
  
 
2,489,576
 
   
 
1,222,209
 
   
 
933,496
 
  
 
1,229,509
 
   
 
1,432,444
 
  
 
(21,573,850
) 
  
 
32,294,735
 
Income tax
   
 
22,039,911
 
  
 
(145,184
) 
  
 
654,368
 
  
 
(2,325,567
) 
  
 
835,905
 
   
 
3,330,258
 
   
 
1,314,679
 
  
 
1,535,248
 
   
 
2,300,165
 
  
 
(427,279
) 
  
 
29,112,504
 
Equity interest in net income (loss) of associated companies
   
 
(3,797,172
) 
  
 
28,384
 
  
 
24,249
 
  
 
(2,815
) 
  
 
—  
 
   
 
—  
 
   
 
(645
) 
  
 
—  
 
   
 
16,513
 
  
 
—  
 
  
 
(3,731,486
) 
Net profit (loss) attributable to equity holders of the parent
   
 
28,946,397
 
  
 
(4,035,727
) 
  
 
4,346,285
 
  
 
(143,764
) 
  
 
3,180,166
 
   
 
6,476,390
 
   
 
3,191,646
 
  
 
4,365,631
 
   
 
8,535,407
 
  
 
3,186,175
 
  
 
58,048,606
 
Assets by segment
   
 
1,030,522,792
 
  
 
237,903,064
 
  
 
388,792,356
 
  
 
81,116,527
 
  
 
114,451,892
 
   
 
92,960,971
 
   
 
90,174,355
 
  
 
103,282,962
 
   
 
147,490,187
 
  
 
(694,553,031
) 
  
 
1,592,142,075
 
Plant, property and equipment, net
   
 
46,104,250
 
  
 
145,781,937
 
  
 
152,498,377
 
  
 
39,540,047
 
  
 
49,660,991
 
   
 
29,654,941
 
   
 
40,204,241
 
  
 
36,373,908
 
   
 
67,032,522
 
  
 
(1,075,916
) 
  
 
605,775,298
 
Revalued of assets
   
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
7,990,278
 
   
 
—  
 
   
 
—  
 
  
 
—  
 
   
 
19,822,667
 
  
 
—  
 
  
 
27,812,945
 
Goodwill
   
 
26,450,092
 
  
 
215,381
 
  
 
29,800,253
 
  
 
201,265
 
  
 
9,134,535
 
   
 
4,620,773
 
   
 
6,290,086
 
  
 
14,186,723
 
   
 
55,694,728
 
  
 
—  
 
  
 
146,593,836
 
Trademarks, net
   
 
109,232
 
  
 
95,212
 
  
 
1,221
 
  
 
—  
 
  
 
—  
 
   
 
570
 
   
 
—  
 
  
 
199,664
 
   
 
2,326,510
 
  
 
—  
 
  
 
2,732,409
 
Licenses and rights, net
   
 
10,751,301
 
  
 
98,630
 
  
 
33,300,938
 
  
 
12,018,537
 
  
 
8,156,321
 
   
 
3,339,628
 
   
 
4,967,979
 
  
 
9,112,039
 
   
 
18,736,696
 
  
 
—  
 
  
 
100,482,069
 
Investment in associated companies
   
 
21,458,537
 
  
 
574,192
 
  
 
49,427
 
  
 
(12,872
) 
  
 
—  
 
   
 
—  
 
   
 
21,139
 
  
 
—  
 
   
 
18,463
 
  
 
(6,098,146
) 
  
 
16,010,740
 
Liabilities by segments
   
 
651,378,535
 
  
 
230,678,142
 
  
 
322,742,258
 
  
 
46,077,687
 
  
 
58,557,943
 
   
 
40,753,768
 
   
 
34,556,739
 
  
 
49,060,210
 
   
 
92,192,262
 
  
 
(358,399,590
) 
  
 
1,167,597,954
 
For the nine-months period ended September 30, 2022 (in Ps.):
                          
External revenues
      173,172,999       59,941,741       123,960,091       31,364,649       55,577,412        40,900,522        35,271,222       29,352,658        78,998,073       —         628,539,367  
Intersegment revenues
      6,693,842       12,078,536       2,517,238       (76,302 )      284,947        56,598        131,015       1,465,986        —         (23,151,860 )      —    
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total revenues
      179,866,841       72,020,277       126,477,329       31,288,347       55,862,359        40,957,120        35,402,237       30,818,644        78,998,073       (23,151,860 )      628,539,367  
Depreciation and amortization
      19,630,572       9,815,473       32,355,992       7,573,737       10,016,934        7,973,246        8,217,529       5,357,477        17,256,032       367,559       118,564,551  
Operating income
      56,239,177       9,804,633       18,586,084       2,662,681       11,232,978        5,750,496        6,760,634       6,657,361        12,976,982       (4,485,665 )      126,185,361  
Interest income
      13,450,786       555,563       1,713,993       612,437       504,971        633,511        274,680       406,424        156,211       (15,196,268 )      3,112,308  
Interest expense
      18,595,453       2,043,815       17,643,103       2,199,390       1,969,055        702,871        811,202       754,293        979,499       (14,758,341 )      30,940,340  
Income tax
      21,757,834       1,730,732       (107,876 )      1,532,415       2,250,229        1,775,276        1,808,111       2,279,688        2,573,925       56,998       35,657,332  
Equity interest in net income (loss) of associated companies
      34,540       22,459       10,642       (528 )   
 
—  
 
   
 
—  
 
   
 
—  
 
  
 
—  
 
      (19,099 )   
 
—  
 
     48,014  
Net profit (loss) attributable to equity holders of the parent continues operations
      53,728,501       (1,981,977 )      4,110,728       848,256       5,057,140        4,290,589        4,283,706       3,727,793        9,529,969       (23,816,630 )      59,778,075  
Net profit attributable to equity holders of the parent discontinued operations
      —         —         —         —         —          —          —         —          —         —         2,671,630  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
     
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
      53,728,501       (1,981,977 )      4,110,728       848,256       5,057,140        4,290,589        4,283,706       3,727,793        9,529,969       (23,816,630 )      62,449,705  
Assets by segment
      1,050,721,746       208,717,113       401,470,870       133,019,538       105,867,593        83,344,448        85,906,325       102,864,039        149,230,066       (690,838,170 )      1,630,303,568  
Plant, property and equipment, net
      49,659,959       128,057,776       156,556,259       62,710,762       46,760,727        32,923,637        38,481,018       42,377,462        68,193,484       (982,743 )      624,738,341  
Revalued of assets
      —         —         —         —         8,647,734        6,691,780        —         1,592,140        22,726,516       —         39,658,170  
Goodwill
      23,296,674       215,381       31,068,497       2,295,155       12,742,478        4,680,898        6,323,205       14,186,723        48,521,317       —         143,330,328  
Trademarks, net
      106,771       126,442       —         —         —          —          —         241,987        2,448,987       —         2,924,187  
Licenses and rights, net
      10,870,850       112,302       37,967,828       15,372,115       9,134,619        4,593,871        3,803,556       10,773,291        20,292,186       —         112,920,618  
Investment in associated companies
      3,750,083       544,058       86,784       (22,937 )      —          —          24,894       —          21,536       (1,262,240 )      3,142,178  
Liabilities by segments
      633,866,917       190,971,198       294,931,188       73,669,413       55,487,418        35,050,731        31,004,610       53,039,683        95,495,024       (264,769,028 )      1,198,747,154  
 
(1)
 
Restated for discontinued operations for the nine-month period ended September 30, 2022 ClaroVTR.
(2)
 
Restated for discontinued operations for the nine-month period ended September 30, 2022 (Panama disposal).