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Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental Guarantor Information [Abstract]

Schedule Of Guarantor Information

The Company’s consolidating condensed financial information for the (i) Company; (ii) its 100% owned guarantors subsidiaries (on standalone basis), which are wholly and unconditional guarantors under both prior years debt and current year debt referred to as “Senior Notes” in Note 19; (iii) the combined non-guarantor subsidiaries; iv) eliminations and v) the Company’s consolidated financial statements are as follows:

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Consolidated Statement of Financial Position As of December 31, 2020
Assets
Current assets:
Cash and cash equivalents			Ps. 29,996			Ps. 4,149			Ps. 9,352			Ps. —			Ps. 43,497
Accounts receivable, net			16,724			22,779			43,968			(71,948)			11,523
Inventories			—			1,478			8,249			—			9,727
Recoverable taxes			113			1,141			4,217			—			5,471
Other current assets			1			727			1,494			—			2,222
Total current assets			46,834			30,274			67,280			(71,948)			72,440
Non-current assets:
Investments in other entities			127,273			82,371			1,583			(203,604)			7,623
Rights of use assets			—			449			829			—			1,278
Property, plant and equipment, net			—			19,403			40,057			—			59,460
Intangible assets, net			27,608			36,315			40,048			—			103,971
Deferred tax assets			3,959			2,120			5,064			—			11,143
Other non-current assets and Other current financial assets			35,136			6,172			6,783			(40,940)			7,151
Total non-current assets			193,976			146,830			94,364			(244,544)			190,626
Total assets			Ps. 240,810			Ps. 177,104			Ps. 161,644			Ps. (316,492)			Ps. 263,066
Liabilities
Current liabilities:
Short-term bank loans and notes payable and current portion of non-current debt			Ps. 2,500			Ps. —			Ps. 2,517			Ps. —			Ps. 5,017
Current portion of lease liabilities			—			156			404			—			560
Interest Payable			684			—			28			—			712
Suppliers			25			2,627			14,606			(63)			17,195
Other current liabilities			22,647			41,766			26,832			(71,884)			19,361
Total current liabilities			25,856			44,549			44,387			(71,947)			42,845
Non-current liabilities:
Bank loans and notes payable			82,097			—			364			—			82,461
Lease liabilities			—			296			450			—			746
Other non-current liabilities			15,983			35,745			3,770			(40,941)			14,557
Total non-current liabilities			98,080			36,041			4,584			(40,941)			97,764
Total liabilities			123,936			80,590			48,971			(112,888)			140,609
Equity:
Equity attributable to equity holders of the parent			116,874			96,514			107,090			(203,604)			116,874
Non-controlling interest in consolidated subsidiaries			—			—			5,583			—			5,583
Total equity			116,874			96,514			112,673			(203,604)			122,457
Total liabilities and equity			Ps. 240,810			Ps. 177,104			Ps. 161,644			Ps. (316,492)			Ps. 263,066

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Consolidated Statement of Financial Position As of December 31, 2019
Assets:
Current assets:
Cash and cash equivalents			Ps. 9,849			Ps. 4,464			Ps. 6,178			Ps. —			Ps. 20,491
Accounts receivable, net			18,832			28,528			59,730			(91,614)			15,476
Inventories			—			1,462			9,076			—			10,538
Recoverable taxes			189			1,474			5,904			—			7,567
Other current assets			188			522			2,014			—			2,724
Total current assets			29,058			36,450			82,902			(91,614)			56,796
Non-current assets:
Investments in other entities			153,782			147,846			3,571			(295,448)			9,751
Rights of use assets			—			594			788			—			1,382
Property, plant and equipment, net			—			19,130			42,057			—			61,187
Intangible assets, net			27,608			36,501			47,941			—			112,050
Deferred tax assets			4,411			2,208			3,813			—			10,432
Other non-current assets and Other financial assets			22,697			5,742			19,663			(41,861)			6,241
Total non-current assets			208,498			212,021			117,833			(337,309)			201,043
Total assets			Ps.237,556			Ps. 248,471			Ps. 200,735			Ps. (428,923)			Ps.257,839
Liabilities:
Current liabilities:
Short-term bank loans and notes payable and current portion of non-current debt			Ps. 9,421			Ps. —			Ps. 2,064			Ps. —			Ps. 11,485
Current portion of lease liabilities			—			143			340			—			483
Interest Payable			422			—			17			—			439
Suppliers			11			3,735			16,225			(139)			19,832
Other current liabilities			33,151			48,249			28,845			(91,474)			18,771
Total current liabilities			43,005			52,127			47,491			(91,613)			51,010
Non-current liabilities:
Bank loans and notes payable			57,455			—			1,037			—			58,492
Lease liabilities			—			452			448			—			900
Other non-current liabilities			14,161			36,797			8,654			(41,860)			17,752
Total non-current liabilities			71,616			37,249			10,139			(41,860)			77,144
Total liabilities			114,621			89,376			57,630			(133,473)			128,154
Equity:
Equity attributable to equity holders of the parent			122,935			159,095			136,354			(295,450)			122,934
Non-controlling interest in consolidated subsidiaries			—			—			6,751			—			6,751
Total equity			122,935			159,095			143,105			(295,450)			129,685
Total liabilities and equity			Ps.237,556			Ps.248,471			Ps.200,735			Ps.(428,923)			Ps.257,839

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating income statements: For the year ended December 31, 2020
Total revenues			Ps. 1			Ps. 90,022			Ps. 145,980			Ps. (52,388)			183,615
Cost of goods sold			—			49,426			95,620			(44,242)			100,804
Gross profit			1			40,596			50,360			(8,146)			82,811
Administrative expenses			531			3,087			7,843			(3,570)			7,891
Selling expenses			—			21,461			31,668			(4,576)			48,553
Other expenses (income), net			(7)			1,354			2,264			—			3,611
Interest expense, net			4,445			3,171			(769)			—			6,847
Foreign exchange (loss) gain, net			(1,593)			12			1,585			—			4
Other financing income (expense), net			—			—			164			—			164
Income taxes			424			3,696			1,308			—			5,428
Share of the profit of subsidiaries, associates and joint ventures accounted for using the equity method, net of taxes			17,292			10,054			(185)			(27,442)			(281)
Consolidated Net income			Ps. 10,307			Ps. 17,893			Ps. 9,610			Ps. (27,442)			Ps. 10,368
Attributable to:
Equity holders of the parent- continuing			10,307			17,893			9,549			(27,442)			10,307
Non-controlling interest- continuing			—			—			61			—			61
Consolidated Net income			Ps. 10,307			Ps. 17,893			Ps. 9,610			Ps. (27,442)			Ps. 10,368
			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating income statements: For the year ended December 31, 2019
Total revenues			Ps. 2			Ps. 96,169			Ps. 155,767			Ps. (57,467)			Ps. 194,471
Cost of goods sold			—			54,714			101,268			(49,018)			106,964
Gross profit			2			41,455			54,499			(8,449)			87,507
Administrative expenses			404			3,194			7,815			(2,986)			8,427
Selling expenses			—			24,308			33,265			(5,463)			52,110
Other expenses (income), net			3			1,579			908			—			2,490
Interest expense, net			4,568			3,745			(2,639)			—			5,674
Foreign exchange (loss) gain, net			379			(80)			(629)			—			(330)
Other financing (expense) income, net			—			—			(67)			—			(67)
Income taxes			(1,105)			2,536			4,217			—			5,648
Share of the profit of subsidiaries, associates and joint ventures accounted for using the equity method, net of taxes			15,590			11,676			48			(27,445)			(131)
Consolidated Net income			Ps. 12,101			Ps. 17,689			Ps. 10,285			Ps. (27,445)			Ps. 12,630
Attributable to:
Equity holders of the parent- continuing			12,101			17,689			9,756			(27,445)			12,101
Non-controlling interest- continuing			—			—			529			—			529
Consolidated Net income			Ps. 12,101			Ps. 17,689			Ps. 10,285			Ps. (27,445)			Ps. 12,630

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating income statements: For the year ended December 31, 2018
Total revenues			Ps. 1			Ps. 86,736			Ps. 165,325			Ps. (69,720)			Ps. 182,342
Cost of goods sold			—			49,104			108,671			(59,371)			98,404
Gross profit			1			37,632			56,654			(10,349)			83,938
Administrative expenses			135			5,403			8,054			(5,593)			7,999
Selling expenses			—			22,814			31,867			(4,756)			49,925
Other expenses (income), net			—			627			1,254			—			1,881
Interest expense, net			4,425			3,514			(1,375)			—			6,564
Foreign exchange (loss) gain, net			(98)			(91)			(88)			—			(277)
Other financing (expense) income, net			—			—			(102)			—			(102)
Income taxes			(731)			1,455			4,536			—			5,260
Share of the profit of subsidiaries, associates and joint ventures accounted for using the equity method, net of taxes			17,833			14,732			105			(32,896)			(226)
Net income from continuing operations			Ps. 13,909			Ps. 18,460			Ps. 12,231			Ps. (32,896)			Ps. 11,704
Net income after tax from discontinued operations			Ps. —			Ps. —			Ps. 3,366			Ps. —			Ps. 3,366
Consolidated Net income			Ps. 13,909			Ps. 18,460			Ps. 15,597			Ps. (32,896)			Ps. 15,070
Attributable to:
Equity holders of the parent- continuing			13,909			18,460			11,463			(32,896)			10,936
Equity holders of the parent- discountinued.			—			—			2,975			—			2,975
Non-controlling interest- continuing			—			—			768			—			768
Non-controlling interest discontinued			—			—			391			—			391
Consolidated Net income			Ps. 13,909			Ps. 18,460			Ps. 15,597			Ps. (32,896)			Ps. 15,070

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating statements of comprehensive income For the year ended December 31, 2020
Consolidated net income			Ps. 10,307			Ps. 17,893			Ps. 9,610			Ps. (27,442)			Ps. 10,368
Other comprehensive income, net of taxes:
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Valuation of the effective portion of derivative financial instruments, net of taxes			443			393			100			(393)			543
Exchange differences on translation of foreign operations			(6,283)			1,485			(7,543)			4,798			(7,543)
Net other comprehensive income to be reclassified to profit or loss in subsequent periods:			(5,840)			1,878			(7,443)			4,405			(7,000)
Items not to be reclassified to profit or loss in subsequent periods:
Loss from equity financial asset classified at FVOCI			—			—			—			—			—
Remeasurements of the net defined benefit liability, net of taxes			(318)			(73)			(318)			391			(318)
Net other comprehensive income not being reclassified to profit or loss in subsequent periods:			(318)			(73)			(318)			391			(318)
Total comprehensive (loss) income, net of tax			(6,158)			1,805			(7,761)			4,796			(7,318)
Consolidated comprehensive income for the year, net of tax			Ps. 4,149			Ps. 19,698			Ps. 1,849			Ps. (22,646)			Ps. 3,050
Attributable to:
Equity holders of the parent- continuing			Ps. 4,149			Ps. 19,698			Ps. 2,949			Ps. (22,646)			Ps. 4,150
Non-controlling interest-continuing			—			—			(1,100)			—			(1,100)
Consolidated comprehensive income for the year, net of tax			Ps. 4,149			Ps. 19,698			Ps. 1,849			Ps. (22,646)			Ps. 3,050

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating statements of comprehensive income For the year ended December 31, 2019
Consolidated net income			Ps. 12,101			Ps. 17,689			Ps. 10,285			Ps. (27,445)			Ps. 12,630
Other comprehensive income, net of taxes:
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Valuation of the effective portion of derivative financial instruments, net of taxes			(819)			157			(330)			157			(835)
Exchange differences on translation of foreign operations			(5,013)			(10,391)			(5,578)			15,403			(5,579)
Net other comprehensive income to be reclassified to profit or loss in subsequent periods:			(5,832)			(10,234)			(5,908)			15,560			(6,414)
Items not to be reclassified to profit or loss in subsequent periods:
Loss from equity financial asset classified at FVOCI			(216)			—			(216)			216			(216)
Remeasurements of the net defined benefit liability, net of taxes			(511)			(64)			(899)			963			(511)
Net other comprehensive income not being reclassified to profit or loss in subsequent periods:			(727)			(64)			(1,115)			1,179			(727)
Total comprehensive (loss) income, net of tax			(6,559)			(10,298)			(7,023)			16,739			(7,141)
Consolidated comprehensive income for the year, net of tax			Ps. 5,542			Ps. 7,391			Ps. 3,262			Ps. (10,706)			Ps. 5,489
Attributable to:
Equity holders of the parent- continuing			5,542			7,391			3,314			(10,706)			5,541
Non-controlling interest-continuing			—			—			(52)			—			(52)
Consolidated comprehensive income for the year, net of tax			Ps. 5,542			Ps. 7,391			Ps. 3,262			Ps. (10,706)			Ps. 5,489

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed consolidating statements of comprehensive income For the year ended December 31, 2018
Consolidated net income (loss)			Ps. 13,909			Ps. 18,460			Ps. 15,597			Ps. (32,896)			Ps. 15,070
Other comprehensive income, net of taxes:
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Valuation of the effective portion of derivative financial instruments, net of taxes			(396)			(1,102)			2,142			(1,081)			(437)
Exchange differences on translation of foreign operations			(6,937)			23,618			(7,127)			(16,788)			(7,234)
Net other comprehensive income to be reclassified to profit or loss in subsequent periods:			(7,333)			22,516			(4,985)			(17,869)			(7,671)
Items not to be reclassified to profit or loss in subsequent periods:
Loss from equity financial asset classified at FVOCI			(1,039)			—			(1,039)			1,039			(1,039)
Remeasurements of the net defined benefit liability, net of taxes			223			(6)			101			(59)			259
Net other comprehensive income not being reclassified to profit or loss in subsequent periods:			(814)			(6)			(940)			980			(780)
Total comprehensive (loss) income, net of tax			(8,147)			22,510			(5,925)			(16,889)			(8,451)
Consolidated comprehensive income for the year, net of tax			Ps. 5,762			Ps. 40,970			Ps. 9,672			Ps. (49,785)			Ps. 6,619
Attributable to:
Equity holders of the parent- continuing			5,762			40,970			7,037			(49,785)			3,984
Equity holders of the parent- discontinued			—			—			2,817			—			2,817
Non-controlling interest-continuing			—			—			(421)			—			(421)
Non-controlling interest- discontinued			—			—			239			—			239
Consolidated comprehensive income for the year, net of tax			Ps. 5,762			Ps. 40,970			Ps. 9,672			Ps. (49,785)			Ps. 6,619

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed Consolidated Statements of Cash Flows For the year ended December 31, 2020
Cash flows from operating activities:
Income before income taxes for continuing op.			Ps. 10,731			Ps. 21,590			Ps. 10,918			Ps. (27,443)			Ps. 15,796
Non-cash items			(11,264)			(2,190)			5,699			27,443			19,688
Changes in working capital			196			(2,626)			1,917			176			(337)
Net cash flows (used in)/from operating activities from continuing operations			(337)			16,774			18,534			176			35,147
Investing activities:
Interest received			3,593			1,876			2,823			(7,245)			1,047
Acquisition of long-lived assets, net			—			(3,667)			(5,714)			—			(9,381)
Acquisition of intangible assets and other investing activities			762			(180)			(1,196)			—			(614)
Investments in financial assets, net			(3)			(1,549)			8,623			(8,647)			(1,576)
Dividends received			25,567			13,830			16			(39,397)			16
Net cash flows used in investing activities from continuing operations			29,919			10,310			4,552			(55,289)			(10,508)
Financing activities:
Proceeds from borrowings			59,129			—			3,168			—			62,297
Repayment of borrowings			(42,051)			—			(3,136)			—			(45,187)
Interest paid			(7,019)			(4,909)			(1,419)			7,245			(6,102)
Dividends paid			(10,210)			(17,905)			(21,560)			39,397			(10,278)
Interest paid on lease liabilities			—			(104)			(1)			—			(105)
Payments of leases			—			(132)			(265)			(176)			(573)
Other financing activities			(8,811)			(4,159)			4,688			8,647			365
Net cash flows (used in)/from financing activities from continuing operations			(8,962)			(27,209)			(18,525)			55,113			417
Net (decrease) increase in cash and cash equivalents			20,620			(125)			4,561			—			25,056
Initial balance of cash and cash equivalents			9,849			4,464			6,178			—			20,491
Effects of exchange rate changes and inflation effects on the balance sheet of cash held in foreign currencies			(473)			(190)			(1,387)			—			(2,050)
Ending balance of cash and cash equivalents			Ps. 29,996			Ps. 4,149			Ps. 9,352			Ps. —			Ps. 43,497

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed Consolidated Statements of Cash Flows For the year ended December 31, 2019
Cash flows from operating activities:
Income before income taxes for continuing op.			Ps. 10,995			Ps. 20,226			Ps. 14,502			Ps. (27,445)			Ps. 18,278
Non-cash items			(13,994)			(9,829)			12,276			27,445			15,898
Changes in working capital			(222)			(4,975)			2,310			—			(2,887)
Net cash flows (used in)/from operating activities from continuing operations			(3,221)			5,422			29,088			—			31,289
Investing activities:
Interest received			2,957			2,460			5,446			(9,633)			1,230
Acquisition of long-lived assets, net			—			(4,218)			(5,776)			—			(9,994)
Acquisition of intangible assets and other investing activities			(3,693)			189			2,095			—			(1,409)
Investments in financial assets, net			(86)			(224)			(3,705)			3,443			(572)
Dividends received			15,052			868			1			(15,920)			1
Net cash flows used in investing activities from continuing operations			14,230			(925)			(1,939)			(22,110)			(10,744)
Financing activities:
Proceeds from borrowings			9,400			—			1,336			—			10,736
Repayment of borrowings			(14,137)			—			(6,323)			—			(20,460)
Interest paid			(4,006)			(31)			(10,278)			9,633			(4,682)
Dividends paid			(7,437)			(12,261)			(3,662)			15,920			(7,440)
Interest paid on lease liabilities			—			(129)			(125)			125			(129)
Payments of leases			—			(105)			(473)			86			(492)
Other financing activities			(1,016)			11,484			(7,141)			(3,654)			(327)
Net cash flows (used in)/from financing activities from continuing operations			(17,196)			(1,042)			(26,666)			22,110			(22,794)
Net (decrease) increase in cash and cash equivalents from continuing operations			(6,187)			3,455			483			—			(2,249)
Initial balance of cash and cash equivalents			16,529			1,026			6,172			—			23,727
Effects of exchange rate changes and inflation effects on the balance sheet of cash held in foreign currencies			(493)			(17)			(477)			—			(987)
Ending balance of cash and cash equivalents			Ps. 9,849			Ps. 4,464			Ps. 6,178			Ps. —			Ps. 20,491

			Parent			Combined Wholly-owned Guarantors Subsidiaries			Combined non-guarantor Subsidiaries			Eliminations			Consolidated Total
			Condensed Consolidated Statements of Cash Flows For the year ended December 31, 2018
Cash flows from operating activities:
Income before income taxes for continuing op.			Ps. 13,180			Ps. 19,914			Ps. 16,766			Ps. (32,896)			Ps. 16,964
Non-cash items			(15,622)			(7,476)			8,957			32,896			18,755
Changes in working capital			(89)			(10,958)			2,909			—			(8,138)
Net cash flows (used in)/from operating activities from continuing operations			(2,531)			1,480			28,632			—			27,581
Income before taxes from discontinued operations			—			—			1,308			—			1,308
Operating activities from discontinued operations			—			—			654			—			654
Investing activities:
Acquisition and mergers, net of cash acquired			—			—			1,957			—			1,957
Interest received			2,994			2,187			4,513			(8,690)			1,004
Acquisition of long-lived assets, net			—			(3,506)			(6,012)			—			(9,518)
Acquisition of intangible assets and other investing activities			(10,153)			6,710			2,088			—			(1,355)
Investments in shares			(9,576)			(1,948)			(23,820)			34,957			(387)
Dividends received			4,816			—			8			(4,816)			8
Net cash flows (used in)/from investing activities from continuing operations			(11,919)			3,443			(21,266)			21,451			(8,291)
Net cash flows (used in)/from investing activities from discontinued operations			—			—			(962)			—			(962)
Financing activities:
Proceeds from borrowings			10,100			—			5,326			—			15,426
Repayment of borrowings			(9,028)			—			(6,929)			—			(15,957)
Interest paid			(4,189)			(5,487)			(3,998)			8,690			(4,984)
Dividends paid			(7,038)			(4,434)			(382)			4,816			(7,038)
Proceeds from issuing shares			—			—			—			—			—
Other financing activities			34,314			5,118			(6,157)			(34,957)			(1,682)
Net cash flows (used in)/from financing activities from continuing operations			24,159			(4,803)			(12,140)			(21,451)			(14,235)
Net cash flows (used in)/from financing activities from discontinued operations			—			—			(37)			—			(37)
Net (decrease) increase in cash and cash equivalents from continuing operations			9,709			120			(4,774)			—			5,055
Net (decrease) increase in cash and cash equivalents from discontinued operations			—			—			963			—			963
Initial balance of cash and cash equivalents			7,017			926			10,824			—			18,767
Effects of exchange rate changes and inflation effects on the balance sheet of cash held in foreign currencies			(197)			(20)			(841)			—			(1,058)
Ending balance of cash and cash equivalents			Ps. 16,529			Ps. 1,026			Ps. 6,172			Ps. —			Ps. 23,727

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