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Mergers, Acquisitions and Disposals (Tables) | 12 Months Ended
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Dec. 31, 2018
Statement [LineItems] |
Summary of Unaudited Pro Forma Financial Information | Unaudited pro forma financial data for the acquisitions, is as follow:
|  | Unaudited pro forma financial information for the year ended December 31, 2018 |
Total revenues |  | Ps. | 473,420 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 34,266 |
Net income |  |  | 33,521 |
Basic net controlling interest income per share Series “B” |  | Ps. | 1.22 |
Basic net controlling interest income per share Series “D” |  |  | 1.52 |
The following unaudited consolidated pro forma financial data represent the Company’s historical financial statements, adjusted to give effect to (i) the acquisition of Coca-Cola FEMSA Philippines as if this acquisition has occurred on January 1, 2017; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets of the acquired company. Unaudited pro forma financial data for the acquisition included, is as follow:
|  | Unaudited pro forma financial information for the year ended December 31, 2017 |
Total revenues |  | Ps. | 462,112 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 39,917 |
Net income |  |  | 37,311 |
Basic net controlling interest income per share Series “B” |  | Ps. | 2.12 |
Basic net controlling interest income per share Series “D” |  |  | 2.65 |
The following unaudited consolidated pro forma financial data represent the Company’s historical financial statements, adjusted to give effect to (i) the acquisition of Vonpar, Farmacias Acuña, Specialty´s, Big John, Farmacias Generix, Grupo Torrey and Open Market as if these acquisitions have occurred on January 1, 2016; and (ii) certain accounting adjustments mainly related to the pro forma depreciation of fixed assets of the acquired companies. Unaudited pro forma financial data for all acquisitions and merger included, are as follow.
|  | Unaudited pro forma financial information for the year ended December 31, 2016 |
Total revenues |  | Ps. | 410,831 |
Income before income taxes and share of the profit of equity accounted investees |  |  | 29,950 |
Net income |  |  | 28,110 |
Basic net controlling interest income per share Series “B” |  | Ps. | 1.08 |
Basic net controlling interest income per share Series “D” |  |  | 1.35 |
Summary of Income Statement of Discontinued Operations | For the years ended December 31, 2018 and 2017, the income statement of discontinued operations was as follows:
|  | 2018 |  |  | 2017 |
Total revenues |  | Ps. | 24,167 |  |  | Ps. | 20,524 |
Cost of goods sold |  |  | 17,360 |  |  |  | 12,346 |
Gross profit |  |  | 6,807 |  |  |  | 8,178 |
Operating expenses |  |  | 5,750 |  |  |  | 6,865 |
Other expenses, net |  |  | 7 |  |  |  | 134 |
Financial income, net |  |  | (185 | ) |  |  | (64 | )
Foreign exchange gain, net |  |  | (73 | ) |  |  | (22 | )
Income before income taxes |  |  | 1,308 |  |  |  | 1,265 |
Income taxes |  |  | 466 |  |  |  | 370 |
Net income for discontinued operations before currency translation effect for the subsidiary disposal and the gain from the sale |  | Ps. | 842 |  |  |  | Ps.895 |
Less: non-controlling interest in discontinued operations |  |  | 391 |  |  |  | 469 |
Controlling interest in discontinued operations |  | Ps. | 451 |  |  |  | Ps.426 |
Accumulated currency translation effect for the subsidiary disposal |  |  | (811 | ) |  |  | 2,830 |
Gain from sale |  |  | 3,335 |  |  |  | — |
Net income for subsidiary disposal – controlling interest |  |  | 2,975 |  |  |  | 3,256 |
Net income for discontinued operations |  | Ps. | 3,366 |  |  | Ps. | 3,725 |
CCFPI [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | Coca-Cola FEMSA’s fair value of CCFPI net assets acquired to the date of acquisition (February 2017) is as follows:
|  | 2017 Final Purchase Price Allocation |
Total current assets |  | Ps. | 9,645 |
Total non-current assets |  |  | 18,909 |
Distribution rights |  |  | 4,144 |
Total assets |  |  | 32,698 |
Total liabilities |  |  | (10,101 | )
Net assets acquired |  |  | 22,597 |
Net assets acquired attributable to the parent company (51%) |  |  | 11,524 |
Non-controlling interest |  |  | (11,073 | )
Fair value of the equity interest at the acquisition date |  |  | 22,110 |
Carrying value of CCFPI investment derecognized |  |  | 11,690 |
Loss as a result of remeasuring to fair value the equity interest |  |  | (166 | )
Gain on derecognition of other comprehensive income |  |  | 2,996 |
Total profit from remeasurement of previously equity interest |  | Ps. | 2,830 |
Summary of Selected Income Statement for Period from Acquisition Date | Coca-Cola FEMSA’s selected income statement information of Philippines for the period form the acquisition date through December 31, 2017 is as follows:
Income Statement |  | 2017 |
Total revenues |  | Ps. | 20,524 |
Income before income taxes |  |  | 1,265 |
Net income |  | Ps. | 896 |
Vonpar [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | Coca-Cola FEMSA’s allocation of the purchase price to fair values of Vonpar’s net assets acquired and the reconciliation of cash flows is as follows:
|  | 2017 Final Purchase Price Allocation |
Total current assets (including cash acquired of Ps. 1,287) |  | Ps. | 4,390 |
Total non-current assets |  |  | 11,344 |
Distribution rights |  |  | 14,793 |
Total assets |  |  | 30,527 |
Total liabilities |  |  | 11,708 |
Net assets acquired |  |  | 18,819 |
Goodwill |  |  | 2,173 | (1)
Total consideration transferred |  | Ps. | 20,992 |
Amount to be paid through Promissory Notes |  |  | (6,992 | )
Cash acquired of Vonpar |  |  | (1,287 | )
Amount recognized as embedded financial instrument |  |  | 485 |
Net cash paid |  | Ps. 13,198 |
(1) | As a result of the purchase price allocation which was finalized in 2017, additional fair value adjustments from those recognized in 2016 have been recognized as follows: total non-current assets amounted to Ps. 490, distribution rights of Ps. 5,192 and goodwill of Ps. (5,681).
Summary of Selected Income Statement Information Related to Business Acquisition | Selected income statement information of Vonpar for the period from the acquisition date through to December 31, 2016 is as follows:
Income Statement |  | 2016 |
Total revenues |  | Ps. | 1,628 |
Income before income taxes |  |  | 380 |
Net income |  | Ps. | 252 |
Other acquisitions [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | The fair value of other acquisitions’ net assets acquired in the aggregate is as follows:
|  | Final Purchase Price Allocation |
Total current assets (including cash acquired of Ps. 211) |  | Ps. | 1,125 |
Total non-current assets |  |  | 3,316 |
Total assets |  |  | 4,441 |
Total liabilities |  |  | (2,062 | )
Net assets acquired |  |  | 2,379 |
Goodwill |  |  | 3,204 | (2)
Non-controlling interest (1) |  |  | 35 |
Equity interest held previously |  |  | 369 |
Total consideration transferred |  | Ps. | 5,618 |
(1) | In the case of the acquisition of Specialty’s the non-controlling interest was measured at fair value at the acquisition date, and for Open Market the non-controlling interest was recognized at the proportionate share of the net assets acquired.
(2) | As a result of the purchase price allocation which was finalized in 2017, additional fair value adjustments from those recognized in 2016 have been recognized as follow in property, plant and equipment of Ps. 32, trademark rights of Ps. 836, other intangible assets of Ps. 983, and other liabilities ofPs. 593.
Summary of Selected Income Statement Information Related to Business Acquisition | Selected income statement information of other acquisitions in the aggregate amount for the period from the acquisition date through December 31, 2016 is as follows:
Income Statement |  | 2016 |
Total revenues |  | Ps. | 2,400 |
Income before income taxes |  |  | (66 | )
Net income |  | Ps. | (80 | )
Other acquisitions [member] | Coca-Cola FEMSA [member] |
Statement [LineItems] |
Summary of Preliminary Estimate of Fair Value of Net Assets Acquired and Reconciliation of Cash Flows | The preliminary allocation on the purchase prices to the fair value of the net assets acquired is as follows:
|  | 2018 |
Total current assets (including cash acquired of Ps. 860) |  | Ps. | 1,846 |
Total non-current assets |  |  | 3,795 |
Distribution rights |  |  | 4,602 |
Total assets |  |  | 10,243 |
Total liabilities |  |  | (3,691 | )
Net assets acquired |  |  | 6,552 |
Total consideration transferred |  |  | 6,552 |
Cash acquired |  |  | (860 | )
Net cash paid |  | Ps. | 5,692 |
Summary of Selected Income Statement for Period from Acquisition Date | The income statement information of these acquisitions for the period from the acquisition date through to December 31, 2018 is as follows:
Income Statement |  | 2018 |
Total revenues |  | Ps. | 4,628 |
Income before income taxes |  |  | 496 |
Net income |  | Ps. | 413 |

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