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Intangible Assets and Goodwill, Net (Tables)
12 Months Ended
Dec. 31, 2021
Intangible Assets and Goodwill, Net  
Schedule of changes in intangible assets

2021

2020

    

    

Accumulated

    

    

    

Accumulated

    

Cost

Amortization

Carrying Amount

Cost

Amortization

Carrying Amount

Intangible assets and goodwill with indefinite useful lives:

 

  

 

  

 

  

 

  

 

  

 

  

Trademarks

Ps.

35,242

Ps.

Ps.

35,242

Ps.

35,242

Ps.

Ps.

35,242

Concessions

 

15,166,067

 

 

15,166,067

 

15,166,067

 

 

15,166,067

Goodwill

 

14,036,657

 

 

14,036,657

 

14,113,626

 

 

14,113,626

29,237,966

29,237,966

29,314,935

29,314,935

Intangible assets with finite useful lives:

 

  

 

  

 

  

 

  

 

  

 

  

Trademarks

2,227,096

(2,043,442)

183,654

2,227,096

(1,971,314)

255,782

Concessions

 

553,505

 

(553,505)

 

 

553,505

 

(442,804)

 

110,701

Licenses and software

 

14,831,874

(9,672,946)

 

5,158,928

 

13,139,480

(8,446,906)

 

4,692,574

Subscriber lists

 

8,806,951

(7,574,668)

 

1,232,283

 

8,804,334

(7,258,070)

 

1,546,264

Payments for renewal of concessions

 

5,825,559

 

 

5,825,559

 

5,825,559

 

 

5,825,559

Other intangible assets

 

5,446,636

 

(4,829,145)

 

617,491

 

5,169,795

 

(4,191,392)

 

978,403

37,691,621

(24,673,706)

13,017,915

35,719,769

(22,310,486)

13,409,283

Ps.

66,929,587

Ps.

(24,673,706)

Ps.

42,255,881

Ps.

65,034,704

Ps.

(22,310,486)

Ps.

42,724,218

Schedule of changes in net carrying amount of goodwill, indefinite-lived trademarks and concessions

    

Foreign

Balance as of

Currency

Balance as of

January 1,

Translation

Impairment

December 31, 

    

2021

    

Acquisitions

    

Retirements

    

Adjustments

    

Adjustments

    

Transfers

    

2021

Goodwill:

    

  

    

  

    

  

    

Cable

 

Ps.

13,794,684

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,794,684

Content

 

241,973

  

 

  

 

  

 

241,973

Other Businesses

 

  

76,969

  

 

  

  

 

  

(76,969)

  

 

  

 

Ps.

14,113,626

  

Ps.

 

Ps.

  

Ps.

 

Ps.

(76,969)

  

Ps.

 

Ps.

14,036,657

Indefinite-lived trademarks (see Note 3):

 

Cable    

 

Ps.

32,813

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

32,813

Other Businesses

 

  

2,429

  

 

  

  

 

  

  

 

  

2,429

 

Ps.

35,242

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

35,242

Indefinite-lived concessions (see Note 3):

 

Cable

 

Ps.

15,070,025

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,070,025

Sky

 

  

96,042

  

 

  

  

 

  

  

 

  

96,042

 

Ps.

15,166,067

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,166,067

Foreign

Balance as of

Currency

Balance as of

January 1,

Translation

Impairment

December 31, 

    

2020

    

Acquisitions

    

Retirements

    

Adjustments

    

Adjustments

    

Transfers

    

2020

Goodwill:

    

  

    

  

    

  

    

Cable

 

Ps.

13,794,684

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

13,794,684

Content

 

241,973

  

 

  

 

  

 

241,973

Other Businesses

 

  

76,969

  

 

  

  

 

  

  

 

  

76,969

 

Ps.

14,113,626

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

14,113,626

Indefinite-lived trademarks (see Note 3):

 

Cable    

 

Ps.

132,212

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

(99,399)

 

Ps.

32,813

Other Businesses

 

  

43,232

  

 

  

  

 

  

(40,803)

  

 

  

2,429

 

Ps.

175,444

  

Ps.

 

Ps.

  

Ps.

 

Ps.

(40,803)

  

Ps.

(99,399)

 

Ps.

35,242

Indefinite-lived concessions (see Note 3):

 

Cable

 

Ps.

15,070,025

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,070,025

Sky

 

  

96,042

  

 

  

  

 

  

  

 

  

96,042

 

Ps.

15,166,067

  

Ps.

 

Ps.

  

Ps.

 

Ps.

  

Ps.

 

Ps.

15,166,067

Schedule of fair value calculations of goodwill and intangible assets

Cable

    

Minimum

    

Maximum

    

Value in use calculations:

Long-term growth rate

 

4.00

%  

4.00

%  

Discount rate

 

10.00

%  

10.60

%  

Pre-tax discount rate

13.66

%  

16.50

%

Fair value calculations:

Multiple of sales

2.2

3.3

Multiple of EBITDA (as defined)

6.8

7.9

The key assumptions used for either fair value or value in use calculations of goodwill and intangible assets in 2020, were as follows (see Note 15):

Cable

 

    

Minimum

    

Maximum

 

Value in use calculations:

Long-term growth rate

 

3.70

%  

3.90

%

Discount rate

 

10.50

%  

11.60

%

Fair value calculations:

Multiple of sales

2.3

3.4

Multiple of EBITDA (as defined)

6.3

8.2

Intangible Assets with Finite Useful Lives  
Intangible Assets and Goodwill, Net  
Schedule of changes in intangible assets

2021

Licenses

Payments for

Other

and

Subscriber

Renewal of

Intangible

    

Trademarks

    

Concessions

    

Software

    

Lists

    

Concessions

    

Assets

    

Total

Cost:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance at beginning of period

Ps.

2,227,096

Ps.

553,505

Ps.

13,139,480

Ps.

8,804,334

Ps.

5,825,559

Ps.

5,169,795

Ps.

35,719,769

Additions

 

 

 

1,599,671

 

 

 

299,793

 

1,899,464

Transfers from (to) property, plant and equipment

609,974

(62,034)

547,940

Retirements and impairment adjustments

 

 

 

(643,888)

 

 

 

 

(643,888)

Transfers and reclassifications

 

 

 

117,716

 

 

 

39,278

 

156,994

Effect of translation

 

 

 

8,921

 

2,617

 

 

(196)

 

11,342

Balance at end of period

2,227,096

553,505

14,831,874

8,806,951

5,825,559

5,446,636

37,691,621

Amortization:

  

  

  

  

  

Balance at beginning of period

(1,971,314)

(442,804)

(8,446,906)

(7,258,070)

(4,191,392)

(22,310,486)

Amortization of the year

(72,128)

(110,701)

(1,741,517)

(313,981)

(301,444)

(2,539,771)

Other amortization of the year (1)

(329,144)

(329,144)

Retirements and impairment adjustments

516,045

516,045

Effect of translation

(568)

(2,617)

(7,165)

(10,350)

Balance at end of period

(2,043,442)

(553,505)

(9,672,946)

(7,574,668)

(4,829,145)

(24,673,706)

Ps.

183,654

Ps.

Ps.

5,158,928

Ps.

1,232,283

Ps.

5,825,559

Ps.

617,491

Ps.

13,017,915

2020

Licenses

Payments for

Other

and

Subscriber

Renewal of

Intangible

    

Trademarks

    

Concessions

    

Software

    

Lists

    

Concessions

    

Assets

    

Total

Cost:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Balance at beginning of period

Ps.

2,127,697

Ps.

553,505

Ps.

10,858,388

Ps.

8,782,852

Ps.

5,821,828

Ps.

5,198,960

Ps.

33,343,230

Additions

 

 

 

959,813

 

 

3,731

 

271,633

 

1,235,177

Transfers from (to) property, plant and equipment

1,247,347

(202,282)

1,045,065

Retirements

 

 

 

(28,127)

 

 

 

(25,013)

 

(53,140)

Transfers and reclassifications

 

99,399

 

 

84,823

 

16,428

 

 

(73,124)

 

127,526

Effect of translation

 

 

 

17,236

 

5,054

 

 

(379)

 

21,911

Balance at end of period

2,227,096

553,505

13,139,480

8,804,334

5,825,559

5,169,795

35,719,769

Amortization:

Balance at beginning of period

(1,899,187)

(332,103)

(6,843,169)

(6,632,419)

(3,762,535)

(19,469,413)

Amortization of the year

(72,127)

(110,701)

(1,717,282)

(523,878)

(50,522)

(2,474,510)

Other amortization of the year (1)

(380,863)

(380,863)

Retirements

28,127

2,003

30,130

Reclassifications

96,304

(96,719)

415

Effect of translation

(10,886)

(5,054)

110

(15,830)

Balance at end of period

(1,971,314)

(442,804)

(8,446,906)

(7,258,070)

(4,191,392)

(22,310,486)

Ps.

255,782

Ps.

110,701

Ps.

4,692,574

Ps.

1,546,264

Ps.

5,825,559

Ps.

978,403

Ps.

13,409,283

(1)Other amortization of the year relates primarily to amortization of soccer player rights, which is included in consolidated cost of sales.
Intangible Assets with Indefinite Useful Lives  
Intangible Assets and Goodwill, Net  
Schedule of changes in intangible assets

2021

    

Trademarks

    

Concessions

    

Goodwill

    

Total

Cost:

Balance at beginning of period

Ps.

35,242

Ps.

15,166,067

Ps.

14,113,626

Ps.

29,314,935

Impairment adjustments

 

 

 

(76,969)

 

(76,969)

Balance at end of period

Ps.

35,242

Ps.

15,166,067

Ps.

14,036,657

Ps.

29,237,966

2020

    

Trademarks

    

Concessions

    

Goodwill

    

Total

Cost:

Balance at beginning of period

Ps.

175,444

Ps.

15,166,067

Ps.

14,113,626

Ps.

29,455,137

Impairment adjustments

 

(40,803)

 

 

 

(40,803)

Transfers and reclassifications

 

(99,399)

 

 

 

(99,399)

Balance at end of period

Ps.

35,242

Ps.

15,166,067

Ps.

14,113,626

Ps.

29,314,935