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Income from Discontinued Operations, Net | 12 Months Ended
--- | ---
Dec. 31, 2023
Income from Discontinued Operations, Net |
Income from Discontinued Operations, Net |
28. | Income from Discontinued Operations, Net
The operations of the Group’s former Content segment and feature-film production and distribution business were discontinued on January 31, 2022, in connection with the closing of the TelevisaUnivision Transaction. As a result, the Group’s consolidated statements of income for the years ended December 31, 2022 and 2021, present the results of operations of the Group’s former Content segment and feature-film production and distribution business as net income from discontinued operations for the month ended January 31, 2022, and for the year ended December 31, 2021. Accordingly, the Group´s consolidated statement of income for the year ended December 31, 2021, have been modified from this previously reported by the Company for this year to present the results from discontinued operations for the businesses disposed of by the Group on January 31, 2022 (see Note 3). Income from discontinued operations, net, for the years ended December 31, 2022 and 2021, is presented as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Net income from discontinued operations | ​ | Ps. | 156,655 | ​ | Ps. | 8,529,547
Gain (loss) on disposition of discontinued operations, net |  | ​ | 56,065,530 | ​ |  | (1,943,647)
Income from discontinued operations, net |  | Ps. | 56,222,185 | ​ | Ps. | 6,585,900
​ Net income from discontinued operations for the years ended December 31, 2022 and 2021, is presented as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Revenues | ​ | Ps. | 2,302,875 | ​ | Ps. | 35,822,423
Cost of revenues and operating expenses | ​ | ​ | 1,922,035 | ​ | ​ | 22,818,205
Income before other expense | ​ | ​ | 380,840 | ​ | ​ | 13,004,218
Other expense, net | ​ | ​ | 19,796 | ​ | ​ | 397,584
Operating income | ​ | ​ | 361,044 | ​ | ​ | 12,606,634
Finance (expense) income, net | ​ | ​ | (137,251) | ​ | ​ | 151,788
Share of income of associates, net | ​ | ​ | — | ​ | ​ | 847
Income before income taxes | ​ | ​ | 223,793 | ​ | ​ | 12,759,269
Income taxes |  |  | 67,138 | ​ |  | 4,229,722
Net income from discontinued operations |  | Ps. | 156,655 | ​ | Ps. | 8,529,547
​ In connection with the TelevisaUnivision Transaction, the Group recognized an income from disposition of discontinued operations in the aggregate amount of Ps.93,066,741 in its consolidated statement of income for the year ended December 31, 2022, comprising a consideration in cash from TelevisaUnivision in the aggregate amount of U.S.$2,971.3 million (Ps.61,214,741); consideration in the form of common and preferred stock of TelevisaUnivision, in the aggregate amount of U.S.$1,500.0 million (Ps.30,912,000); and a cash consideration received from Tritón Comunicaciones, S.A. de C.V., a company of the Azcárraga family, in the amount of Ps.940,000, related to the purchase of the rights for the production of news content for Mexico. The gain on disposition of discontinued operations related to the TelevisaUnivision Transaction, net of income taxes, amounted to Ps.56,065,530, for the year ended December 31, 2022, and a loss of Ps.1,943,647, for the year ended December 31, 2021, and consisted of the total consideration received by the Group for the shares of those companies that were disposed of by the Group on January 31, 2022, and certain other net assets and rights that were transferred by the Group to TelevisaUnivision and Tritón, less the carrying amounts of these consolidated net assets as of January 31, 2022, and related expenses and income taxes incurred by the Group in connection with the TelevisaUnivision Transaction for the years ended December 31, 2022 and 2021 (see Note 3). Gain or (loss) on disposition of discontinued operations, net, for the years ended December 31, 2022, and 2021, is presented as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Gain (loss) on disposition of discontinued operations before income taxes |  | Ps. | 75,192,421 |  | Ps. | (1,100,645)
Income taxes |  | ​ | 19,126,891 |  | ​ | 843,002
Gain (loss) on disposition of discontinued operations, net |  | Ps. | 56,065,530 |  | Ps. | (1,943,647)
​ The total carrying amount of the consolidated net assets disposed of by the Group on January 31, 2022, in connection with the TelevisaUnivision Transaction is presented, as follows:
​ | ​ | ​ | ​
​ |  | ​
​ | ​ | January 31,
​ | ​ | 2022
ASSETS |  | ​ | ​
Current assets: |  | ​ | ​
Cash and cash equivalents |  | Ps. | (1,890,141)
Trade accounts and notes receivable, net |  | ​ | (1,997,862)
Other accounts, taxes receivable and notes receivable, net |  | ​ | (2,388,939)
Transmission rights and programming |  | ​ | (7,162,846)
Other current assets | ​ | ​ | (2,312,941)
Total current assets |  | ​ | (15,752,729)
Non-current assets: |  | ​ | ​
Transmission rights and programming |  | ​ | (8,513,024)
Investments in financial instruments |  | ​ | (1,721,654)
Property, plant and equipment, net |  | ​ | (3,955,680)
Right-of-use assets, net |  | ​ | (2,179,704)
Intangible assets, net and goodwill | ​ | ​ | (623,818)
Deferred income tax assets |  | ​ | (7,847,995)
Other assets |  | ​ | (9,716)
Total non-current assets |  | ​ | (24,851,591)
Total assets |  | Ps. | (40,604,320)
​ | ​ | ​ | ​
LIABILITIES | ​ | ​ | ​
Current liabilities: | ​ | ​ | ​
Current portion of lease liabilities | ​ | ​ | 470,686
Trade accounts payable and accrued expenses | ​ | ​ | 6,856,041
Customer deposits and advances | ​ | ​ | 2,071,060
Due from related parties | ​ | ​ | 5,383,763
Other current liabilities | ​ | ​ | 1,983,995
Total current liabilities | ​ | ​ | 16,765,545
Non-currents liabilities: | ​ | ​ | ​
Lease liabilities, net of current portion | ​ | ​ | 1,703,747
Post-employment benefits | ​ | ​ | 1,105,376
Other non-current liabilities | ​ | ​ | 4,246,327
Total non-current liabilities | ​ | ​ | 7,055,450
Total liabilities | ​ | ​ | 23,820,995
Other net assets |  | ​ | 3,598,567
Total net assets |  | Ps. | (13,184,758)
​ | ​ | ​ | ​
Consideration received, satisfied in cash |  | Ps. | 67,985,597
Cash and cash equivalents disposed of |  | ​ | (1,890,143)
Net cash inflows | ​ | Ps. | 66,095,454
​ Cash flows provided by (used in) discontinued operations:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Net cash provided by operating activities |  | Ps. | — |  | Ps. | 6,993,434
Net cash provided by (used in) investing activities |  | ​ | 66,025,838 |  | ​ | (2,016,523)
Net cash used in financing activities |  | ​ | (15,218) |  | ​ | (758,999)
Net cash flows |  | Ps. | 66,010,620 |  | Ps. | 4,217,912
​ ​

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