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Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2020
USD ($)
 [1]
Dec. 31, 2020
MXN ($)
Dec. 31, 2019
MXN ($)
 [2]
Dec. 31, 2018
MXN ($)
OPERATING ACTIVITIES:        
Income before income taxes from continuing operations $ 794 $ 15,796 $ 18,278 $ 16,964
Adjustments for:        
Non-cash operating (income) expenses (66) (1,319) (2,409) 1,296
Depreciation 423 8,415 8,387 8,404
Depreciation right-of-use 30 596 555 0
Amortization 51 1,020 1,062 998
Amortization prepaid expenses 29 577 638 626
(Income) on disposal of long-lived assets (5) (96) (42) (178)
Write-off of long-lived assets 15 291 318 103
Write-off of intangible assets 19 375 0 0
Share of the loss of associates and joint ventures accounted for using the equity method, net of taxes 14 281 131 226
Interest income (53) (1,047) (1,230) (1,004)
Interest expense 397 7,894 6,904 5,198
Foreign exchange (income) loss, net 0 (4) 330 277
Non-cash movements in post-employment and other non-current employee benefits obligations 18 368 239 219
Impairment 126 2,501 948 432
Monetary position gain, net (19) (376) (221) (212)
Market value loss on financial instruments 11 212 288 2,370
Accounts receivable and other current assets 153 3,040 (1,858) (2,097)
Other current financial assets (28) (552) (100) (396)
Inventories 10 190 (1,140) (1,386)
Suppliers and other accounts payable (52) (1,037) 5,726 1,666
Other liabilities 19 378 (231) 381
Employee benefits paid (27) (528) (478) (124)
Other Tax 159 3,162 404 6
Income taxes paid (251) (4,990) (5,210) (6,188)
Net cash flows generated from operating activities from continuing operations 1,767 35,147 31,289 27,581
Income before income taxes from discontinued operations 0 0 0 1,308
Net cash flows generated from operation activities from discontinued operations 0 0 0 654
INVESTING ACTIVITIES:        
Acquisition and mergers, net of cash acquired 0 0 0 (5,692)
Proceed from sale of subsidiary, net of cash disposed 0 0 0 7,649
Interest received 53 1,047 1,230 1,004
Acquisitions of long-lived assets (485) (9,655) (10,324) (9,917)
Proceeds from the sale of long-lived assets 14 274 330 399
Acquisitions of intangible assets (15) (289) (698) (674)
Other non-current assets (16) (325) (711) (681)
Dividends received from investments in associates and joint ventures (Note 10) 1 16 1 8
Investments in financial assets, net (79) (1,576) (572) (387)
Net cash flows (used in) investing activities from continuing operations (527) (10,508) (10,744) (8,291)
Net cash flows (used in) investing activities from discontinued operations 0 0 0 (962)
FINANCING ACTIVITIES:        
Proceeds from borrowings 3,132 62,297 10,736 15,426
Repayments of borrowings (2,272) (45,187) (20,460) (15,957)
Interest paid (307) (6,102) (4,682) (4,984)
Dividends paid (517) (10,278) (7,440) (7,038)
Interest paid on lease liabilities (5) (105) (129) 0
Payments of leases (29) (573) (492) 0
Other financing activities 18 365 (327) (1,682)
Net cash flows (used in) financing activities from continuing operations 20 417 (22,794) (14,235)
Net cash flows (used in) financing activities from discontinued operations 0 0 0 (37)
Net increase (decrease) in cash and cash equivalents from continuing operations 1,260 25,056 (2,249) 5,055
Net increase (decrease) in cash and cash equivalents from discontinued operations 0 0 0 963
Cash and cash equivalents at the beginning of the period 1,030 20,491 [2] 23,727 18,767
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies (103) (2,050) (987) (1,058)
Cash and cash equivalents at the end of the period $ 2,187 $ 43,497 $ 20,491 $ 23,727 [2]
[1] Convenience translation to U.S. dollars ($) – See Note 2.2.3
[2] 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