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Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
[1]
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
OPERATING ACTIVITIES        
Net income from discontinued operations $ 6 $ 115 $ 32,238 $ 1,423
Income before income taxes from continuing operations 3,143 65,554 57,410 47,715
Loss before income taxes of discontinued operations 3,149 65,669 89,648 49,138
Non-cash items adjustments:        
Operating non-cash expenses (income) 32 663 (1,063) 3,075
Non-cash movements in post-employment and other non-current employee benefits obligations 47 983 910 0
Allowance of expected credit losses 56 1,176 1,367 0
Depreciation 1,688 35,199 31,896 27,831
Amortization of intangible assets and deferred charges 197 4,111 2,121 2,696
Gain on sale of long-lived assets and investment in equity instruments (7) (150) (7,185) (308)
Dividends received 0 0 (3,311) 0
Disposal of long-lived assets 45 939 466 416
Impairment of long-lived assets 134 2,801 1,248 833
Share of the loss (profit) of equity method accounted investees, net of income taxes 48 993 406 (7,458)
Interest income (571) (11,910) (17,609) (3,842)
Interest expense 959 20,002 14,916 16,314
Foreign exchange (gain) loss , net (572) (11,929) 9,849 3,729
(Gain) on monetary position for subsidiaries in hyperinflationary economies (10) (209) (94) (527)
Market value loss on financial instruments 101 2,109 440 706
Net cash flows from operating activities before changes in operating accounts 5,096 106,282 90,935 92,603
Trade accounts receivable and other current assets (468) (9,761) (12,125) (5,685)
Other current financial assets 2 45 799 (457)
Inventories (322) (6,720) (6,442) (6,860)
Derivative financial instruments 0 0 0 5
Trade accounts payable and other accounts 555 11,578 11,177 12,006
Other non-current liabilities (172) (3,582) 659 471
Other current financial liabilities 7 150 3,959 2,291
Employee benefits paid (50) (1,039) (1,070) (691)
Cash flows from (used in) operations 4,648 96,953 87,892 93,683
Income taxes paid (1,332) (27,785) (29,507) (18,304)
Net cash generated by (used in) operating activities from discontinuing operations 112 2,342 (8,706) (2,803)
Net cash generated by operating activities 3,429 71,510 49,679 72,576
INVESTING ACTIVITIES        
Investment in equity method accounted investees (36) (750) (1,202) (542)
Other equity investments 8 167 0 1,593
Proceeds from the sale of shares 0 0 133,222 0
Purchases of cash investments (419) (8,740) (26,725) 0
Proceeds from maturities of cash investments 0 0 0 21,830
Interest received 568 11,842 8,871 3,639
Derivative financial instruments 0 0 (199) (560)
Dividends received from equity method accounted investees and other investees 1 19 3,449 2,602
Property, plant and equipment acquisitions (2,094) (43,682) (34,814) (29,354)
Proceeds from disposal of property, plant and equipment 42 872 857 462
Acquisition of intangible assets (174) (3,631) (3,306) (2,118)
Investment in other assets (21) (433) (737) (1,499)
Collections of other assets 16 327 775 181
Other non-current assets (26) (539) (1,550) (1,500)
Net cash (used in) generated by investing activities by discontinuing operations (292) (6,080) 25,426 (16,984)
Net cash (used in) generated by investing activities (1,587) (33,122) 132,292 (46,432)
FINANCING ACTIVITIES        
Proceeds from bank loans and notes payable 58 1,207 11,238 15,855
Payments of bank loans and notes payable (305) (6,364) (43,421) (9,882)
Interest paid (413) (8,603) (10,587) (8,259)
Derivative financial instruments (176) (3,661) 5,882 103
Dividends paid (1,203) (25,080) (18,798) (17,506)
Contributions from non-controlling interest 0 0 0 5
Shares repurchase (974) (20,311) 0 0
Acquisition of non-controlling interest 0 0 0 (266)
Interest paid on leases liabilities (362) (7,553) (6,718) (5,376)
Payments of leases (581) (12,122) (9,453) (7,915)
Other financing activities (14) (286) 32 (1,430)
Cash flows from (used in) financing activities, discontinued operations (61) (1,276) (20,727) (1,227)
Net cash used in financing activities (4,031) (84,049) (92,552) (35,898)
(Decrease) increase in cash and cash equivalents (2,189) (45,661) 89,419 (9,754)
Supplemental Cash Flow Information Abstract [Abstract]        
Increase in cash and cash equivalents from discontinuing operations 47 977 0 0
Cash and cash equivalents at the beginning of the period 7,917 165,112 83,439 97,407
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies 930 19,406 (7,746) (4,214)
Cash and cash equivalents at the end of the period 6,705 [2] 139,834 165,112 83,439
Jetro Restaurant Depot        
INVESTING ACTIVITIES        
Proceeds from sales of interests in associates 834 17,386 7,967 0
Envoy And Other Acquisitions        
INVESTING ACTIVITIES        
Proceeds from sales of interests in associates 0 0 24,468 0
Imbera        
Non-cash items adjustments:        
Gain on sale of shares in Heineken (200) (4,165) 0 0
INVESTING ACTIVITIES        
Proceeds from the sale of shares 366 7,637 0 0
Heineken Company        
Non-cash items adjustments:        
Gain on sale of shares in Heineken 0 0 (33,070) 0
Coca-Cola FEMSA        
INVESTING ACTIVITIES        
Other acquisitions, net of cash acquired (see Note 4) 0 0 0 (2,356)
Proximity Americas Division        
INVESTING ACTIVITIES        
Other acquisitions, net of cash acquired (see Note 4) (360) (7,517) (3,786) (1,263)
Valora        
OPERATING ACTIVITIES        
Loss before income taxes of discontinued operations       229
INVESTING ACTIVITIES        
Other acquisitions, net of cash acquired (see Note 4) 0 0 (424) (20,504)
Other acquisitions        
INVESTING ACTIVITIES        
Other acquisitions, net of cash acquired (see Note 4) $ 0 $ 0 $ 0 $ (59)
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.4
[2] Convenience translation to U.S. dollars ($) – See Note 2.2.4