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Consolidated Income Statements
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
Dec. 31, 2020
MXN ($)
$ / shares
Dec. 31, 2019
MXN ($)
$ / shares
Dec. 31, 2018
MXN ($)
$ / shares
Profit or loss [abstract]        
Net sales $ 9,126 $ 181,520 $ 192,342 $ 181,823
Other operating revenues 105 [1] 2,095 2,129 [2] 519
Total revenues 9,231 [1] 183,615 194,471 [2] 182,342
Cost of goods sold 5,068 [1] 100,804 106,964 [2] 98,404
Gross profit 4,163 [1] 82,811 87,507 [2] 83,938
Administrative expenses 397 [1] 7,891 8,427 [2] 7,999
Selling expenses 2,441 [1] 48,553 52,110 [2] 49,925
Other income 75 [1] 1,494 1,890 [2] 569
Other expenses 256 [1] 5,105 4,380 [2] 2,450
Interest expense 397 [1] 7,894 6,904 [2] 7,568
Interest income 53 [1] 1,047 1,230 [2] 1,004
Foreign exchange gain (loss), net 0 [1] 4 (330) [2] (277)
Gain on monetary position for subsidiaries in hyperinflationary economies 19 [1] 376 221 [2] 212
Market value (loss) on financial instruments (11) [1] (212) (288) [2] (314)
Income before income taxes and share of the profit of associates and joint ventures accounted for using the equity method 808 [1] 16,077 18,409 [2] 17,190
Income taxes 273 [1] 5,428 5,648 [2] 5,260
Share in the (loss) of equity accounted investees, net of taxes (14) [1] (281) (131) [2] (226)
Net income from continuing operations 521 [1] 10,368 12,630 [2] 11,704
Net income after tax from discontinued operations 0 [1] 0 0 [2] 3,366
CONSOLIDATED NET INCOME 521 [1] 10,368 12,630 [2],[3] 15,070
Attributable to:        
Equity holders of the parent- continuing operations 518 [1] 10,307 12,101 [2] 10,936
Equity holders of the parent- discontinued operations 0 [1] 0 0 [2] 2,975
Non-controlling interest from continuing operations 3 [1] 61 529 [2] 768
Non-controlling interest from discontinued operations 0 [1] 0 0 [2] 391
Consolidated comprehensive income of the year, net of tax $ 521 [1] $ 10,368 $ 12,630 [2],[3] $ 15,070
Earnings per share- Equity holders of the parent (U.S. dollars and Mexican pesos):        
Basic controlling interest net income (loss) from continuing operations | (per share) [4] $ 0.03 [1] $ 0.61 $ 0.72 [2] $ 0.65
Basic controlling interest net income from discontinued operations | (per share) [4] 0 [1] 0 0 [2] 0.18
Diluted controlling interest net income (loss) from continuing operations | (per share) [4] 0.03 [1] 0.61 0.72 [2] 0.65
Diluted controlling interest net income from discontinued operations | (per share) [4] $ 0 [1] $ 0 $ 0 [2] $ 0.18
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[2] The Company initially adopted IFRS 16 on January 1, 2019 using the modified retrospective approach under which the comparative information is not restated – See note 3.18
[3] The Company initially adopted IFRS 16 at January 1, 2019 using the modified retrospective approach under which the comparative information is not restated. – See Note 3.18
[4] 2018 data have been revised for the effect of the March 22, 2019 eight to one stock split – See Note 23