XML 23 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Income before income taxes $ 10,851,642 $ 8,205,589 $ 18,657,668
Adjustments to reconcile income before income taxes to net cash provided by operating activities:      
Share of income of associates and joint ventures (1,913,273) (1,139,604) (35,399)
Depreciation and amortization 18,536,274 16,979,833 14,660,929
Other amortization of assets 504,674 352,654 304,860
Impairment of long-lived assets 89,597 6,851 131,065
Disposition of property and equipment 947,699 1,448,295 688,706
Disposition of other intangible assets 280,013    
Provision for doubtful accounts and write-off receivables 1,245,334 1,985,445 1,644,904
Post-employment benefits 158,905 (53,344) 38,334
Interest income (885,516) (458,528) (378,736)
Income from UHI     (2,194,981)
Share-based compensation expense 1,489,884 1,410,492 1,199,489
Reclassifications from accumulated other comprehensive income     (5,262,577)
Expense on Senior Notes prepayment 158,496    
Provisions for related party transactions 308,814 340,202 1,024,484
Other finance (income) loss, net (903,204) 43,370 (917,682)
Loss (gain) on disposition of investments 295,194 312 (76,296)
Interest expense 9,087,175 8,497,919 6,239,387
Unrealized foreign exchange (gain) loss, net (2,396,317) 6,707,831 4,032,871
Total 37,855,391 44,327,317 39,757,026
Increase in trade notes and accounts receivable (1,064,810) (4,649,477) (2,120,569)
Decrease (increase) in transmission rights and programming 478,565 163,014 (535,487)
Decrease (increase) in due from related parties, net 135,730 (432,736) 527,515
Decrease (increase) in inventories 360,563 (262,016) 1,705,238
Increase in other accounts and notes receivable and other current assets 47,406 (914,527) (877,316)
(Decrease) increase in trade accounts payable and accrued expenses (2,696,279) 5,255,698 63,873
(Decrease) increase in customer deposits and advances (2,878,358) 688,097 459,215
(Decrease) increase in other liabilities, taxes payable (385,451) (204,722) 192,113
Decrease in post-employment benefits (333,026) (44,819) (62,373)
Income taxes paid (6,419,995) (7,268,938) (7,823,659)
Total (12,755,655) (7,670,426) (8,471,450)
Net cash provided by operating activities 25,099,736 36,656,891 31,285,576
Investing activities:      
Temporary investments 271,839 254,437 16,083
Income from UHI     2,194,981
Held-to-maturity and available-for-sale investments (262,401) (302,631) (89,552)
Disposition of held-to-maturity and available-for-sale investments 310,629 74,086 362,416
Investment in associates and other investments (147,110) (231,004) (92,141)
Disposition of investment (14,357)   76,335
Dividends received 136,000 47,200  
Investments in property, plant and equipment (16,759,566) (27,941,585) (25,524,145)
Disposition of property, plant and equipment 911,471 1,571,211 565,552
Investments in intangible assets (1,777,590) (2,472,124) (1,553,801)
Net cash used in investing activities (17,331,085) (29,000,410) (23,781,560)
Financing activities:      
Long-term Mexican banks 5,973,000 5,728,498 2,487,936
Repayment of Mexican peso debt (851,659) (73,850) (883,340)
Prepayment of Mexican peso debt (625,000) (3,548,750) (5,905,601)
Payments of finance lease obligations (569,711) (329,064) (405,151)
Interest paid (8,860,881) (7,633,026) (5,938,679)
Funding for acquisition of shares of the Long-term Retention Plan (2,500,000)    
Repurchases of CPOs under a share repurchase program (383,808)    
Repurchase of capital stock (2,301,918) (1,720,807) (733,831)
Sale of capital stock 2,301,918 1,720,807 733,831
Dividends paid (1,084,192) (1,084,192) (1,084,192)
Dividends paid and reduction of capital of non-controlling interests (488,961) (547,618) (475,139)
Acquisition of a non-controlling interest   (2,379,424)  
Derivative financial instruments (486,650) (123,486) (372,040)
Net cash (used in) provided by financing activities (16,469,338) (9,990,912) 12,032,925
Effect of exchange rate changes on cash and cash equivalents (110,447) 483,388 130,835
Net (decrease) increase in cash and cash equivalents (8,811,134) (1,851,043) 19,667,776
Cash and cash equivalents at beginning of year 47,546,083 49,397,126 29,729,350
Cash and cash equivalents at end of year 38,734,949 47,546,083 49,397,126
Non-cash transactions      
Issuance of other notes payable in the aggregate discounted amount   4,750,000  
Undiscounted amount   $ 5,106,250  
Notes due 2027      
Financing activities:      
Issuance of Notes 4,476,958    
Issuance of Notes due 2022      
Financing activities:      
Issuance of Notes     4,988,747
Issuance of Senior Notes due 2026      
Financing activities:      
Issuance of Notes     4,903,744
Issuance of Senior Notes due 2046      
Financing activities:      
Issuance of Notes     14,716,640
Senior Notes due 2018      
Financing activities:      
Prepayment of Notes (9,775,996)    
Other notes payable      
Financing activities:      
Prepayment of Notes $ (1,292,438)    
GSF      
Investing activities:      
Disposition of investment in GSF     10,335,813
Telecable      
Investing activities:      
Acquisition of Telecable, net of acquired cash and cash equivalents     (9,731,391)
Imagina      
Investing activities:      
Investment in associates and other investments     $ (341,710)