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Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
MXN ($)
Dec. 31, 2018
USD ($)
[1]
Dec. 31, 2017
MXN ($)
Dec. 31, 2016
MXN ($)
OPERATING ACTIVITIES        
Income before income taxes from discontinued operations $ 1,308 $ 67 $ 1,265 [2]  
Income before income taxes from continuing operations 39,882 2,031 43,694 [2] $ 35,063
Non-cash items adjustments:        
Operating expenses 2,171 111 3,166 [2] 4,111
Non-operating expenses [2]     25,817  
Depreciation 14,698 749 13,799 [2] 12,076
Amortization 2,539 129 1,841 [2] 1,633
Gain on sale of long-lived assets (174) (9) (210) [2] (170)
(Gain) loss on sale of shares     (30,112) [2] 8
Disposal of long-lived assets 518 26 451 [2] 238
Impairment of long-lived assets 432 22 2,063 [2]  
Share of the profit of equity accounted investees, net of taxes (6,252) (318) (7,923) [2] (6,507)
Interest income (2,832) (144) (1,470) [2] (1,299)
Interest expense 9,825 500 11,092 [2] 9,646
Foreign exchange loss (gain), net 248 13 (4,934) [2] (1,131)
Monetary position (gain) loss, net (216) (11) (1,590) [2] (2,411)
Market value loss (gain) on financial instruments 355 18 204 [2] (186)
Net cash flow from operating activities before changes in operating accounts 61,194 3,117 55,888 [2] 51,071
Trade accounts receivable and other current assets (2,426) (124) (11,182) [2] (1,889)
Other current financial assets 379 19 1,417 [2] (1,395)
Inventories (3,809) (194) (2,808) [2] (4,936)
Derivative financial instruments (23) (1) 18 [2] 130
Trade accounts payable and other accounts 4,906 250 7,344 [2] 15,337
Other non-current liabilities 752 38 309 [2] 968
Other current financial liabilities (544) (28) 1,769 [2] 2,642
Employee benefits paid (412) (21) (661) [2] (476)
Net cash generated from operations 60,017 3,056 52,094 [2] 61,452
Income taxes paid (12,603) (642) (18,659) [2] (11,321)
Net cash generated by operating activities from discontinued operations 654 33 5,435 [2]  
Net cash generated by operating activities from continuing operations 47,414 2,414 33,435 [2] 50,131
INVESTING ACTIVITIES        
Proceeds from the sale of subsidiary, net of cash disposed 7,649 390    
Acquisition of Coca-Cola FEMSA, net of cash acquired (see Note 4) (5,692) (290)    
Deconsolidation in Coca-Cola FEMSA Venezuela (see Note 3.3) [2]     (170)  
Partial payment of Vonpar, net       (13,198)
Other acquisitions, net (321) (16)   (5,032)
Equity accounted investees (98) (5) (889) [2] (2,189)
Partial disposal of investment in Heineken Group [2]     50,790  
Purchase of investments (40,487) (2,062) (2,539) [2] (118)
Proceeds from investments       20
Interest received 2,736 139 1,470 [2] 1,299
Derivative financial instruments 99 5 (35) [2] (220)
Dividends received from equity accounted investees 2,443 124 3,277 [2] 3,276
Property, plant and equipment acquisitions (21,584) (1,099) (19,484) [2] (19,083)
Disposal of property, plant and equipment 467 24 491 [2] 574
Acquisition of intangible assets (1,793) (91) (3,003) [2] (2,309)
Investment in other assets (1,182) (60) (1,222) [2] (1,709)
Collections of other assets 166 8 94 [2] 2
Investment in other financial assets (65) (3) (184) [2] (23)
Collection in other financial assets       65
Net cash (used in) generated by investing activities from discontinued operations (962) (49) 2,820 [2]  
Net cash (used in) generated by investing activities from continuing operations (57,662) (2,936) 28,596 [2] (38,645)
FINANCING ACTIVITIES        
Proceeds from borrowings 16,155 823 13,599 [2] 26,629
Payments of bank loans (17,182) (875) (18,130) [2] (5,458)
Interest paid (6,799) (346) (6,547) [2] (5,470)
Derivative financial instruments (2,288) (117) (1,579) [2] (3,471)
Dividends paid (12,933) (659) (12,450) [2] (12,045)
Acquisition of non-controlling interest     (663) [2] 892
Other financing activities 36 2 634 [2] 220
Financing from Vonpar's acquisition [2]     4,082  
Net cash used in financing activities from discontinued operations (37) (2) (485) [2]  
Net cash (used) generated by financing activities from continuing operations (23,011) (1,172) (21,054) [2] 1,297
(Decrease) increase in cash and cash equivalents from continuing operations (33,258) (1,694) 40,977 [2] 12,783
Increase in cash and cash equivalents from discontinued operations 963 49 9,035 [2]  
Cash and cash equivalents at the beginning of the period 96,944 [2] 4,937 43,637 [2] 29,396
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies (2,602) (132) 3,295 [2] 1,458
Cash and cash equivalents at the end of the period $ 62,047 $ 3,160 $ 96,944 [2] $ 43,637 [2]
[1] Convenience translation to U.S. dollars ($) - See Note 2.2.3
[2] Revised to reflect the discontinued Philippines operations of Coca-Cola FEMSA - See Note 4.2.1