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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Information |
Segment Information | 26.Segment Information Reportable segments are those that are based on the Group’s method of internal reporting. The Group is organized on the basis of services and products. The Group’s segments are strategic business units that offer different entertainment services and products. The Group’s reportable segments are as follows: Cable The Cable segment includes the operation of cable multiple systems covering the Mexico City metropolitan area, Monterrey and suburban areas, and over 200 other cities of Mexico; and the operation of telecommunication facilities through a fiber-optic network that covers the most important cities and economic regions of Mexico and the cities of San Antonio and San Diego in the United States (Bestel). The cable multiple system businesses derive revenues from cable subscribers, principally from basic and premium television services subscription, pay- per-view fees, installation fees, Internet services subscription and telephone services subscription as well as from local and national advertising sales. The telecommunication facilities business derives revenues from providing data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network. Sky The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. Sky revenues are primarily derived from program services, installation fees and equipment rental to subscribers, and national advertising sales. Content The Content segment categorizes the Group’s sources of content revenue as follows: (a) Advertising; (b) Network Subscription Revenue; and (c) Licensing and Syndication. Given the cost structure of the Group’s Content business, operating segment income is reported as a single line item. The Advertising revenue is derived primarily from the sale of advertising time on the Group’s television broadcast operations, which include the production of television programming and broadcasting of Channels 2, 4, 5 and 9 (“television networks”), as well as the sale of advertising time on programs provided to pay television companies in Mexico and advertising revenue in the Group’s Internet business and the production of television programming and broadcasting for local television stations in Mexico and the United States. The broadcasting of television networks is performed by television repeater stations in Mexico, which are wholly-owned, majority-owned or minority-owned by the Group or otherwise affiliated with the Group’s networks. The Network Subscription revenue is derived from domestic and international programming services provided to independent cable television systems in Mexico and the Group’s direct-to-home (“DTH”) satellite and cable television businesses. These programming services for cable and pay-per- view television companies are provided in Mexico, other countries in Latin America, the United States and Europe. The programming services consist of both programming produced by the Group and programming produced by others. The Licensing and Syndication revenue is derived from international program licensing and syndication fees. The Group’s television programming is licensed and syndicated to customers abroad, including Univision. Other Businesses The Other Businesses segment includes the Group’s domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, publishing and publishing distribution . Through the third quarter of 2019, the Radio business was classified in the Group's Other Businesses segment. Beginning in the fourth quarter of 2019, the Radio operations are classified as held-for-sale operations (see Note 3). The table below presents information by segment and a reconciliation to consolidated total for the years ended December 31, 2019, 2018 and 2017:
|  |  |  |  | Intersegment |  | Consolidated |  | Segment |
|  | Total Revenues |  | Revenues |  | Revenues |  | Income |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 41,701,982 |  | Ps. | 591,618 |  | Ps. | 41,110,364 |  | Ps. | 17,797,571 |
Sky |  |  | 21,347,078 |  |  | 437,275 |  |  | 20,909,803 |  |  | 9,121,221 |
Content |  |  | 35,060,534 |  |  | 3,589,407 |  |  | 31,471,127 |  |  | 12,649,135 |
Other Businesses |  |  | 8,200,212 |  |  | 772,793 |  |  | 7,427,419 |  |  | 1,464,249 |
Segment totals |  |  | 106,309,806 |  |  | 5,391,093 |  |  | 100,918,713 |  |  | 41,032,176 |
Reconciliation to consolidated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |
Held-for-sale operations (see Note 3) |  |  | 841,437 |  |  | 2,969 |  |  | 838,468 |  |  | 258,885 |
Eliminations and corporate expenses |  |  | (5,394,062) |  |  | (5,394,062) |  |  | — |  |  | (1,960,648) |
Depreciation and amortization expense |  |  | — |  |  | — |  |  | — |  |  | (21,008,796) |
Consolidated net sales and income before other expense |  |  | 101,757,181 |  |  | — |  |  | 101,757,181 |  |  | 18,321,617 | (1)
Other expense, net |  |  | — |  |  | — |  |  | — |  |  | (1,316,587) |
Consolidated net sales and operating income |  | Ps. | 101,757,181 |  | Ps. | — |  | Ps. | 101,757,181 |  | Ps. | 17,005,030 | (2)
|  |  |  |  | Intersegment |  | Consolidated |  | Segment |
|  | Total Revenues |  | Revenues |  | Revenues |  | Income |
2018: |  |  |  |  |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 36,233,042 |  | Ps. | 560,186 |  | Ps. | 35,672,856 |  | Ps. | 15,302,500 |
Sky |  |  | 22,002,216 |  |  | 420,979 |  |  | 21,581,237 |  |  | 9,767,329 |
Content |  |  | 39,223,668 |  |  | 3,162,091 |  |  | 36,061,577 |  |  | 14,855,109 |
Other Businesses (3) |  |  | 7,715,489 |  |  | 661,422 |  |  | 7,054,067 |  |  | 410,486 |
Segment totals |  |  | 105,174,415 |  |  | 4,804,678 |  |  | 100,369,737 |  |  | 40,335,424 |
Reconciliation to consolidated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |
Held-for-sale operations (see Note 3) |  |  | 920,009 |  |  | 7,413 |  |  | 912,596 |  |  | 343,799 |
Eliminations and corporate expenses |  |  | (4,812,091) |  |  | (4,812,091) |  |  | — |  |  | (2,154,747) |
Depreciation and amortization expense |  |  | — |  |  | — |  |  | — |  |  | (19,834,202) |
Consolidated net sales and income before other expense |  |  | 101,282,333 |  |  | — |  |  | 101,282,333 |  |  | 18,690,274 | (1)
Other income, net |  |  | — |  |  | — |  |  | — |  |  | 1,562,284 |
Consolidated net sales and operating income |  | Ps. | 101,282,333 |  | Ps. | — |  | Ps. | 101,282,333 |  | Ps. | 20,252,558 | (2)
|  |  |  |  | Intersegment |  | Consolidated |  | Segment |
|  | Total Revenues |  | Revenues |  | Revenues |  | Income |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 33,048,310 |  | Ps. | 225,755 |  | Ps. | 32,822,555 |  | Ps. | 14,034,796 |
Sky |  |  | 22,196,629 |  |  | 127,129 |  |  | 22,069,500 |  |  | 10,106,623 |
Content |  |  | 33,997,220 |  |  | 2,445,233 |  |  | 31,551,987 |  |  | 12,825,259 |
Other Businesses (3) |  |  | 7,525,130 |  |  | 535,948 |  |  | 6,989,182 |  |  | 146,546 |
Segment totals |  |  | 96,767,289 |  |  | 3,334,065 |  |  | 93,433,224 |  |  | 37,113,224 |
Reconciliation to consolidated amounts: |  |  |  |  |  |  |  |  |  |  |  |  |
Held-for-sale operations (see Note 3) |  |  | 851,140 |  |  | 10,129 |  |  | 841,011 |  |  | 343,560 |
Eliminations and corporate expenses |  |  | (3,344,194) |  |  | (3,344,194) |  |  | — |  |  | (2,290,974) |
Depreciation and amortization expense |  |  | — |  |  | — |  |  | — |  |  | (18,536,274) |
Consolidated net sales and income before other expense |  |  | 94,274,235 |  |  | — |  |  | 94,274,235 |  |  | 16,629,536 | (1)
Other expense, net |  |  | — |  |  | — |  |  | — |  |  | (2,386,334) |
Consolidated net sales and operating income |  | Ps. | 94,274,235 |  | Ps. | — |  | Ps. | 94,274,235 |  | Ps. | 14,243,202 | (2)
| (1) |  | This amount represents income before other expense, net.
| (2) |  | This amount represents consolidated operating income. In 2017, included a net loss reported as part of the Group’s Other Businesses segment in the amount of Ps.67,238, related to a Publishing business in Argentina and an online lottery business in Mexico, which were disposed of and discontinued, respectively, by the Group in the fourth quarter of 2017.
| (3) |  | In 2018 and 2017, the Radio operations were previously reported as part of the Other Businesses segment. In 2019, the Radio operations for 2018 and 2017, were classified as held-for-sale operations for comparison purposes.
Accounting Policies The accounting policies of the segments are the same as those described in the Group’s summary of significant accounting policies (see Note 2). The Group evaluates the performance of its segments and allocates resources to them based on operating income before depreciation and amortization. Intersegment Revenue Intersegment revenue consists of revenues derived from each of the segments principal activities as provided to other segments. The Group accounts for intersegment revenues as if the revenues were from third parties, that is, at current market prices. Allocation of Corporate Expenses Non-allocated corporate expenses primarily include share-based compensation expense for certain key officers and employees in connection with the Company’s Long-term Retention Plan, as well as other general expenses that because of their nature and characteristics are not subject to be allocated within the Group’s business segments. The table below presents segment information about assets, liabilities, and additions to property, plant and equipment as of and for the years ended December 31, 2019, 2018 and 2017:
|  |  |  |  | Segment |  | Additions to
|  | Segment Assets |  | Liabilities |  | Property, Plant
|  | at Year-End |  | at Year-End |  | and Equipment
2019: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 105,841,104 |  | Ps. | 21,637,395 |  | Ps. | 12,995,448
Sky |  |  | 27,755,967 |  |  | 12,902,845 |  |  | 4,039,020
Content |  |  | 79,030,557 |  |  | 31,775,978 |  |  | 1,690,805
Other Businesses |  |  | 10,268,185 |  |  | 4,530,712 |  |  | 383,011
Total |  | Ps. | 222,895,813 |  | Ps. | 70,846,930 |  | Ps. | 19,108,284
2018: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 99,678,509 |  | Ps. | 21,294,108 |  | Ps. | 12,835,918
Sky |  |  | 30,350,221 |  |  | 13,680,854 |  |  | 4,020,405
Content |  |  | 83,525,004 |  |  | 39,960,653 |  |  | 1,349,954
Other Businesses |  |  | 9,753,075 |  |  | 3,564,429 |  |  | 502,214
Total |  | Ps. | 223,306,809 |  | Ps. | 78,500,044 |  | Ps. | 18,708,491
2017: |  |  |  |  |  |  |  |  |
Continuing operations: |  |  |  |  |  |  |  |  |
Cable |  | Ps. | 89,803,959 |  | Ps. | 22,675,417 |  | Ps. | 10,615,147
Sky |  |  | 27,977,530 |  |  | 13,333,944 |  |  | 4,020,282
Content |  |  | 96,867,918 |  |  | 44,129,769 |  |  | 1,627,250
Other Businesses |  |  | 10,350,464 |  |  | 3,261,984 |  |  | 496,887
Total |  | Ps. | 224,999,871 |  | Ps. | 83,401,114 |  | Ps. | 16,759,566
Segment assets reconcile to total assets as of December 31, 2019 and 2018, as follows:
|  | 2019 |  | 2018
Segment assets |  | Ps. | 222,895,813 |  | Ps. | 223,306,809
Investments attributable to: |  |  |  |  |  |
Cable |  |  | 567,435 |  |  | 568,597
Content (1) |  |  | 52,570,452 |  |  | 58,985,671
Other Businesses |  |  | 196,474 |  |  | 195,890
Goodwill attributable to: |  |  |  |  |  |
Cable |  |  | 13,794,684 |  |  | 13,794,684
Content |  |  | 241,973 |  |  | 241,973
Other Businesses |  |  | 76,969 |  |  | 76,969
Total assets |  | Ps. | 290,343,800 |  | Ps. | 297,170,593
| (1) |  | Includes goodwill attributable to equity investments of Ps.359,613 in 2019 and 2018 (see Note 10).
Equity method loss recognized in income for the years ended December 31, 2019, 2018 and 2017, attributable to equity investments in Cable, was Ps.62,329, Ps.47,024 and Ps.61,930, respectively. Equity method gain recognized in income for the years ended December 31, 2019, 2018 and 2017, attributable to equity investments in Content, was Ps.642,768, Ps.564,226 and Ps.1,957,544, respectively. Equity method gain recognized in income for the years ended December 31, 2019, 2018 and 2017, attributable to equity investments in Other Businesses, was Ps.584, Ps.15,731 and Ps.17,659, respectively. Segment liabilities reconcile to total liabilities as of December 31, 2019 and 2018, as follows:
|  | 2019 |  | 2018
Segment liabilities |  | Ps. | 70,846,930 |  | Ps. | 78,500,044
Debt not allocated to segments |  |  | 114,092,637 |  |  | 114,139,858
Total liabilities |  | Ps. | 184,939,567 |  | Ps. | 192,639,902
Geographical segment information:
|  |  |  |  |  |  |  | Additions to
|  |  |  |  | Segment Assets at |  | Property, Plant and
|  | Total Net Sales |  | Year-End |  | Equipment
2019: |  |  |  |  |  |  |  |  |
Mexico |  | Ps. | 88,388,569 |  | Ps. | 212,286,865 |  | Ps. | 18,804,629
Other countries (1) |  |  | 13,368,612 |  |  | 10,608,948 |  |  | 303,655
|  | Ps. | 101,757,181 |  | Ps. | 222,895,813 |  | Ps. | 19,108,284
2018: |  |  |  |  |  |  |  |  |
Mexico |  | Ps. | 85,011,567 |  | Ps. | 216,146,757 |  | Ps. | 18,696,116
Other countries (1) |  |  | 16,270,766 |  |  | 7,160,052 |  |  | 12,375
|  | Ps. | 101,282,333 |  | Ps. | 223,306,809 |  | Ps. | 18,708,491
2017: |  |  |  |  |  |  |  |  |
Mexico |  | Ps. | 81,308,749 |  | Ps. | 219,206,662 |  | Ps. | 16,709,852
Other countries (1) |  |  | 12,965,486 |  |  | 5,793,209 |  |  | 49,714
|  | Ps. | 94,274,235 |  | Ps. | 224,999,871 |  | Ps. | 16,759,566
| (1) |  | The United States is the largest country from which revenue is derived.
Net sales are attributed to geographical segment based on the location of customers. Disaggregation of Total Revenues The table below present total revenues for each reportable segment disaggregated by major service/product lines and primary geographical market for the years ended December 31, 2019, 2018 and 2017:
|  | Domestic |  | Export |  | Abroad |  | Total
2019: |  |  |  |  |  |  |  |  |  |  |  |
Cable: |  |  |  |  |  |  |  |  |  |  |  |
Digital TV Service (a) |  | Ps. | 16,298,079 |  | Ps. | — |  | Ps. | — |  | Ps. | 16,298,079
Advertising |  |  | 1,507,831 |  |  | — |  |  | — |  |  | 1,507,831
Broadband Services (a) |  |  | 14,544,473 |  |  | — |  |  | — |  |  | 14,544,473
Telephony (a) |  |  | 3,658,121 |  |  | — |  |  | — |  |  | 3,658,121
Other Services |  |  | 801,937 |  |  | — |  |  | — |  |  | 801,937
Enterprise Operations |  |  | 4,626,396 |  |  | — |  |  | 265,145 |  |  | 4,891,541
Sky: |  |  |  |  |  |  |  |  |  |  |  |
DTH Broadcast Satellite TV (a) |  |  | 18,918,077 |  |  | — |  |  | 1,359,079 |  |  | 20,277,156
Advertising |  |  | 953,634 |  |  | — |  |  | — |  |  | 953,634
Pay-Per-View |  |  | 98,539 |  |  | — |  |  | 17,749 |  |  | 116,288
Content: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 19,236,014 |  |  | 223,434 |  |  | — |  |  | 19,459,448
Network Subscription Revenue |  |  | 3,832,716 |  |  | 1,160,459 |  |  | — |  |  | 4,993,175
Licensing and Syndication |  |  | 1,794,636 |  |  | 8,813,275 |  |  | — |  |  | 10,607,911
Other Businesses: |  |  |  |  |  |  |  |  |  |  |  |
Gaming |  |  | 2,974,284 |  |  | — |  |  | — |  |  | 2,974,284
Soccer, Sports and Show Business Promotion |  |  | 1,821,605 |  |  | 1,182,972 |  |  | — |  |  | 3,004,577
Publishing - Magazines |  |  | 393,763 |  |  | — |  |  | 18,076 |  |  | 411,839
Publishing - Advertising |  |  | 246,309 |  |  | — |  |  | 23,461 |  |  | 269,770
Publishing Distribution |  |  | 337,685 |  |  | — |  |  | — |  |  | 337,685
Feature Film Production and Distribution |  |  | 890,927 |  |  | 787 |  |  | 310,343 |  |  | 1,202,057
Segment total |  |  | 92,935,026 |  |  | 11,380,927 |  |  | 1,993,853 |  |  | 106,309,806
Held-for-sale operations: Radio - Advertising (see Note 3) |  |  | 841,437 |  |  | — |  |  | — |  |  | 841,437
Intersegment eliminations |  |  | (5,387,894) |  |  | — |  |  | (6,168) |  |  | (5,394,062)
Consolidated total revenues |  | Ps. | 88,388,569 |  | Ps. | 11,380,927 |  | Ps. | 1,987,685 |  | Ps. | 101,757,181
|  | Domestic |  | Export |  | Abroad |  | Total
2018: |  |  |  |  |  |  |  |  |  |  |  |
Cable: |  |  |  |  |  |  |  |  |  |  |  |
Digital TV Service (a) |  | Ps. | 14,281,536 |  | Ps. | — |  | Ps. | — |  | Ps. | 14,281,536
Advertising |  |  | 1,260,117 |  |  | — |  |  | — |  |  | 1,260,117
Broadband Services (a) |  |  | 13,034,172 |  |  | — |  |  | — |  |  | 13,034,172
Telephony (a) |  |  | 2,588,767 |  |  | — |  |  | — |  |  | 2,588,767
Other Services |  |  | 544,347 |  |  | — |  |  | — |  |  | 544,347
Telecommunications Networks |  |  | 4,361,586 |  |  | — |  |  | 162,517 |  |  | 4,524,103
Sky: |  |  |  |  |  |  |  |  |  |  |  |
DTH Broadcast Satellite TV (a) |  |  | 19,478,307 |  |  | — |  |  | 1,374,849 |  |  | 20,853,156
Advertising |  |  | 968,853 |  |  | — |  |  | — |  |  | 968,853
Pay-Per-View |  |  | 152,129 |  |  | — |  |  | 28,078 |  |  | 180,207
Content: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 20,932,533 |  |  | 222,369 |  |  | — |  |  | 21,154,902
Network Subscription Revenue |  |  | 3,500,375 |  |  | 1,313,907 |  |  | — |  |  | 4,814,282
Licensing and Syndication |  |  | 1,437,081 |  |  | 11,817,403 |  |  | — |  |  | 13,254,484
Other Businesses: |  |  |  |  |  |  |  |  |  |  |  |
Gaming |  |  | 2,676,384 |  |  | — |  |  | — |  |  | 2,676,384
Soccer, Sports and Show Business Promotion |  |  | 1,639,073 |  |  | 145,462 |  |  | — |  |  | 1,784,535
Publishing - Magazines |  |  | 550,777 |  |  | — |  |  | 104,281 |  |  | 655,058
Publishing - Advertising |  |  | 482,943 |  |  | — |  |  | 181,514 |  |  | 664,457
Publishing Distribution |  |  | 270,624 |  |  | — |  |  | 40,148 |  |  | 310,772
Feature Film Production and Distribution |  |  | 735,928 |  |  | 3,569 |  |  | 884,786 |  |  | 1,624,283
Segment total |  |  | 88,895,532 |  |  | 13,502,710 |  |  | 2,776,173 |  |  | 105,174,415
Held-for-sale operations: Radio - Advertising (see Note 3) |  |  | 920,009 |  |  | — |  |  | — |  |  | 920,009
Intersegment eliminations |  |  | (4,803,974) |  |  | — |  |  | (8,117) |  |  | (4,812,091)
Consolidated total revenues |  | Ps. | 85,011,567 |  | Ps. | 13,502,710 |  | Ps. | 2,768,056 |  | Ps. | 101,282,333
|  | Domestic |  | Export |  | Abroad |  | Total
2017: |  |  |  |  |  |  |  |  |  |  |  |
Cable: |  |  |  |  |  |  |  |  |  |  |  |
Digital TV Service (a) |  | Ps. | 12,978,715 |  | Ps. | — |  | Ps. | — |  | Ps. | 12,978,715
Advertising |  |  | 817,330 |  |  | — |  |  | — |  |  | 817,330
Broadband Services (a) |  |  | 11,357,448 |  |  | — |  |  | — |  |  | 11,357,448
Telephony (a) |  |  | 2,944,263 |  |  | — |  |  | — |  |  | 2,944,263
Other Services |  |  | 522,003 |  |  | — |  |  | — |  |  | 522,003
Telecommunications Networks |  |  | 4,173,146 |  |  | — |  |  | 255,405 |  |  | 4,428,551
Sky: |  |  |  |  |  |  |  |  |  |  |  |
DTH Broadcast Satellite TV (a) |  |  | 19,810,392 |  |  | — |  |  | 1,534,681 |  |  | 21,345,073
Advertising |  |  | 651,689 |  |  | — |  |  | — |  |  | 651,689
Pay-Per-View |  |  | 199,867 |  |  | — |  |  | — |  |  | 199,867
Content: |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  |  | 20,366,184 |  |  | 262,734 |  |  | 90,164 |  |  | 20,719,082
Network Subscription Revenue |  |  | 2,704,998 |  |  | 1,353,090 |  |  | — |  |  | 4,058,088
Licensing and Syndication |  |  | 949,440 |  |  | 8,270,610 |  |  | — |  |  | 9,220,050
Other Businesses: |  |  |  |  |  |  |  |  |  |  |  |
Gaming |  |  | 2,852,013 |  |  | — |  |  | — |  |  | 2,852,013
Soccer, Sports and Show Business Promotion |  |  | 1,447,731 |  |  | 118,424 |  |  | — |  |  | 1,566,155
Publishing - Magazines |  |  | 460,045 |  |  | — |  |  | 366,897 |  |  | 826,942
Publishing - Advertising |  |  | 614,478 |  |  | — |  |  | 454,886 |  |  | 1,069,364
Publishing Distribution |  |  | 286,500 |  |  | — |  |  | 62,177 |  |  | 348,677
Feature Film Production and Distribution |  |  | 647,730 |  |  | 45,250 |  |  | 168,999 |  |  | 861,979
Segment total |  |  | 83,783,972 |  |  | 10,050,108 |  |  | 2,933,209 |  |  | 96,767,289
Held-for-sale operations: Radio - Advertising (see Note 3) |  |  | 851,140 |  |  | — |  |  | — |  |  | 851,140
Intersegment eliminations |  |  | (3,326,363) |  |  | — |  |  | (17,831) |  |  | (3,344,194)
Consolidated total revenues |  | Ps. | 81,308,749 |  | Ps. | 10,050,108 |  | Ps. | 2,915,378 |  | Ps. | 94,274,235
| (a) |  | Digital TV Service revenues include revenue from leasing set-top equipment to subscribers in the Cable segment in the amount of Ps.5,289,996, Ps.4,577,513 and Ps.3,062,826, for the years ended December 31, 2019, 2018 and 2017, respectively. DTH Broadcast Satellite TV revenues include revenue from leasing set-top equipment to subscribers in the Sky segment in the amount of Ps.9,232,152, Ps.9,971,318 and Ps.9,894,292, for the years ended December 31, 2019, 2018 and 2017, respectively. Revenue from leasing set-top equipment to subscribers is recognized when services are rendered to such subscribers. Set-top equipment is part of the Group’s property, plant and equipment and is leased to subscribers through operating lease contracts.
Net sales from external customers for the years ended December 31, 2019, 2018 and 2017 are presented by sale source, as follows:
|  | 2019 |  | 2018 |  | 2017
Services |  | Ps. | 75,988,820 |  | Ps. | 72,737,313 |  | Ps. | 70,408,764
Royalties |  |  | 10,005,977 |  |  | 12,600,061 |  |  | 8,533,751
Goods |  |  | 932,198 |  |  | 1,163,836 |  |  | 2,133,122
Leases (1) |  |  | 14,830,186 |  |  | 14,781,123 |  |  | 13,198,598
Total |  | Ps. | 101,757,181 |  | Ps. | 101,282,333 |  | Ps. | 94,274,235
| (1) |  | This line includes primarily revenue from leasing set-top equipment to subscribers in the Cable and Sky segments, which is recognized when services are rendered to such subscribers. Set-top equipment is part of the Group’s property and equipment and is leased to subscribers through operating lease contracts.

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