Financial
Summary

Amounts expresed in millions of U.S. dollars and Mexican pesos, except data per share and headcount.

  U.S.* 20184,5,6 20172,3,4 20161 2015 2014
INCOME STATEMENT            
Total revenues 9,287 182,342 183,256 177,718 152,360 147,298
Cost of goods solds 5,012 98,404 99,748 98,056 80,330 78,916
Gross profit 4,275 83,938 83,508 79,662 72,030 68,382
Operative expenses 2,950 57,924 58,044 55,462 48,284 46,850
Other expenses, net 96 1,881 31,357 3,812 1,748 158
Comprehensive financing result 354 6,943 5,362 6,080 7,273 6,422
Income before income taxes and share of the profit or of associates and joint ventures accounted for using the equity method 875 17,190 (11,255) 14,308 14,725 14,952
Income taxes 268 5,260 4,184 3,928 4,551 3,861
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes (12) (226) 60 147 155 (125)
Net income (loss) after tax from discontinued operations 171 3,366 3,725 — — —
Consolidated net income 766 15,070 (11,654) 10,527 10,329 10,966
Equity holders of the parent for continuing operations 557 10,936 (16,058) 10,070 10,235 10,542
Equity holders of the parent for discontinued operations 152 2,975 3,256 — — —
Non-controlling interest net income for continuing operations 39 768 679 457 94 424
Non-controlling interest net income for discontinued operations 20 391 469 — — —
RATIOS TO REVENUES (%)            
Gross margin 46.0 46.0 45.6 44.8 47.3 46.4
Net income margin 8.3 8.3 (6.4) 5.9 6.8 7.4
CASH FLOW            
Operative cash flow 1,806 35,456 36,292 32,446 23,202 24,406
Capital expenditures7 564 11,069 12,917 12,391 11,484 11,313
Total cash, cash equivalents 1,208 23,727 18,767 10,476 15,989 12,958
BALANCE SHEET            
Current assets 2,928 57,490 55,657 45,453 42,232 38,128
Investment in shares 536 10,518 12,540 22,357 17,873 17,326
Property, plant and equipment, net 3,155 61,942 75,827 65,288 50,532 50,527
Intangible assets, net 5,949 116,804 124,243 123,964 90,754 97,024
Deferred charges and other assets, net 866 17,033 17,410 22,194 8,858 9,361
Total Assets 13,435 263,787 285,677 279,256 210,249 212,366
Liabilities            
Short-term bank loans and notes payable 591 11,604 12,171 3,052 3,470 1,206
Interest payable 25 497 487 520 411 371
Other current liabilities 1,702 33,423 42,936 36,296 26,599 26,826
Long-term bank loans and notes payable 3,575 70,201 71,189 85,857 63,260 64,821
Other long-term liabilities 832 16,312 18,184 24,298 7,774 9,024
Total Liabilities 6,725 132,037 144,967 150,023 101,514 102,248
Equity 6,710 131,750 140,710 129,233 108,735 110,118
Non-controlling interest in consolidated subsidiaries 347 6,807 18,141 7,096 3,986 4,401
Equity attributable to equity holders of the parent 6,363 124,943 122,569 122,137 104,749 105,717
FINANCIAL RATIOS (%)            
Current 1.26 1.26 1.00 1.14 1.39 1.34
Leverage 1.00 1.00 1.03 1.16 0.93 0.93
Capitalization 0.41 0.41 0.39 0.41 0.39 0.38
Coverage 5.41 5.40 4.54 4.80 3.92 4.72
DATA PER SHARE            
Book Value8 3.029 59.473 58.343 58.920 50.532 50.999
Loss (income) attributable to the holders of the parent9 0.265 5.206 (7.678) 4.858 4.937 5.086
Dividends paid10 0.173 3.350 3.350 3.350 3.090 2.900
Headcount11 87,958 87,958 85,116 85,14 83,712 83,371
1 Information considers full-year of KOF’s territories and one month of Vonpar Refrescos, S.A. (“Vonpar”).
2 Income statement information considers full-year of KOF’s territories and full-year of Coca Cola FEMSA Venezuela.
3 Balance sheet information does not include Coca-Cola FEMSA Venezuela’s balance due to deconsolidation as of December 31, 2017. Venezuela balance is included as investment in shares as of December 31, 2017.
4 KOF Philippines has been classified as a discontinued operation in our profit and loss statement for the years ended December 31, 2017 and 2018.
5 Income statement information includes 8 months of the financial results for Abasa and Los Volcanes in Guatemala.
6 Income statement information includes six months in the financial results for Uruguay.
7 Includes investments in property, plant and equipment, refrigeration equipment and returnable bottles and cases, net of disposals of property, plant and equipment.
8 Based on 2,100.83 million ordinary shares as of December 31, 2018 and 2017, and 2,072.92 million ordinary shares as of December 31, 2016, 2015 and 2014.
9 Computed based on the weighted average number of shares outstanding during the periods presented: 2,100.83 million for 2018, 2,091.35 million on 2017 and 2,072.92 million on 2016, 2015 and 2014.
10 Dividends paid during the year based on the prior year’s net income, using 2,100.83 millions outstanding ordinary shares for 2018 and 2,072.92 million oustanding ordinary shares for paid on 2017, 2016, 2015 and 2014.
11 Includes third-party and for 2017 excludes 16,566 employees for our discontinued operation in Phillipines.
* Exchange rate as of December 31st, 2018, Ps 19.64 per U.S. dollar, solely for the convenience of the reader according to the federal USA reserve.