XML 26 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - MXN ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Income before income taxes $ 8,775,258 $ 12,005,774 $ 10,851,642
Adjustments to reconcile income before income taxes to net cash provided by operating activities:      
Share of income of associates and joint ventures (581,023) (532,933) (1,913,273)
Depreciation and amortization 21,008,796 19,834,202 18,536,274
Other amortization of assets 531,426 444,679 504,674
Impairment of long-lived assets 67,574 135,750 89,597
Loss on disposition of property and equipment 270,381 912,317 947,699
Loss on disposition of other intangible assets     280,013
Impairment loss on trade notes and accounts receivable, and other receivables 1,446,568 1,479,511 1,245,334
Post-employment benefits 259,064 171,156 158,905
Interest income (102,675) (120,134) (885,516)
Share-based compensation expense 1,129,644 1,327,549 1,489,884
Expense on Senior Notes prepayment     158,496
Provision for deferred compensation 199,195 251,787 308,814
Interest receivable for Asset Tax from prior years (139,995)    
Other finance loss (income), net 872,291 859,642 (903,204)
(Gain) loss on disposition of investments (627) (3,553,463) 295,194
Interest expense 10,402,021 9,707,324 9,087,175
Unrealized foreign exchange (gain) loss, net (1,120,958) (318,087) (2,396,317)
Total 43,016,940 42,605,074 37,855,391
Decrease (increase) in trade notes and accounts receivable 4,785,389 3,483,695 (1,064,810)
Decrease (increase) in transmission rights and programming 2,632,696 (2,968,579) 478,565
Decrease (increase) in due from related parties, net 204,166 (555,418) 135,730
(Increase) decrease in inventories (128,327) 444,790 360,563
(Increase) decrease in other accounts and notes receivable and other current assets (2,789,811) (1,144,721) 47,406
(Decrease) increase in trade accounts payable and accrued expenses (1,885,865) 2,087,404 (2,696,279)
(Decrease) increase in customer deposits and advances (7,778,497) (5,176,499) (2,878,358)
(Decrease) increase in other liabilities and taxes payable (1,848,714) 1,579,450 (385,451)
(Decrease) increase in post-employment benefits (122,261) 82,070 (333,026)
Income taxes paid (8,816,632) (6,722,770) (6,419,995)
Total (15,747,856) (8,890,578) (12,755,655)
Net cash provided by operating activities 27,269,084 33,714,496 25,099,736
Investing activities:      
Temporary investments 30,992 40,186 271,839
Investments in financial instruments   (72,723) (262,401)
Disposition of investments in financial instruments 2,301,682 287,605 310,629
Disposition or investment in associates and other investments 149,390 209,775 (147,110)
Investment or disposition of investment in associates (26,010) 95,161 (14,357)
Dividends received 772,400   136,000
Investments in property, plant and equipment (19,108,284) (18,499,662) (16,759,566)
Disposition of property, plant and equipment 981,503 1,024,702 911,471
Payment for renewal of television broadcasting concessions   (5,754,038)  
Other investments in intangible assets (2,106,750) (2,020,243) (1,777,590)
Net cash used in investing activities (17,005,077) (23,898,235) (17,331,085)
Financing activities:      
Long-term loans from Mexican banks 10,000,000   5,973,000
Repayment of Mexican peso debt (989,156) (307,489) (851,659)
Prepayment of Mexican peso debt     (625,000)
Payments of lease liabilities (559,623) (540,448) (569,711)
Right-of-Use assets (883,533)    
Interest paid (9,180,141) (10,129,304) (8,860,881)
Funding for acquisition of shares of the Long-term Retention Plan   (1,100,000) (2,500,000)
Repurchases of CPOs under a share repurchase program (1,385,750) (1,541,180) (383,808)
Repurchase of capital stock (100,246) (1,954,312) (2,301,918)
Sale of capital stock 100,246 1,954,312 2,301,918
Dividends paid (1,066,187) (1,068,868) (1,084,192)
Dividends paid and reduction of capital of non-controlling interests (1,594,629) (1,270,652) (488,961)
Acquisition of non-controlling interest   (54,256)  
Derivative financial instruments (596,046) 691,303 (486,650)
Net cash used in financing activities (14,301,896) (16,504,914) (16,469,338)
Effect of exchange rate changes on cash and cash equivalents (60,449) 21,995 (110,447)
Net decrease in cash and cash equivalents (4,098,338) (6,666,658) (8,811,134)
Cash and cash equivalents related to assets held-for-sale (517,956)    
Cash and cash equivalents at beginning of year 32,068,291 38,734,949 47,546,083
Cash and cash equivalents at end of year 27,451,997 32,068,291 38,734,949
Notes due 2027      
Financing activities:      
Issuance of Notes     4,476,958
Issuance of Senior Notes due 2049      
Financing activities:      
Issuance of Notes 14,247,544    
Notes due 2020, 2021 and 2022      
Financing activities:      
Prepayment of Notes (21,000,000)    
Senior Notes due 2018      
Financing activities:      
Prepayment of Notes     (9,775,996)
Other notes payable      
Financing activities:      
Repayment and prepayment of other notes payable $ (1,294,375) (1,184,020) $ (1,292,438)
Imagina      
Investing activities:      
Disposition of investment in Imagina   6,256,874  
Axtel      
Investing activities:      
Acquisition of net assets of Axtel, net of acquired cash and cash equivalents   $ (5,465,872)