Financial
Summary
Amounts expresed in millions of U.S. dollars and mexican pesos, except data per share and headcount.
U.S.(*) | 2016(4) | 2015 | 2014 | 2013(3) | 2012(2) | 2011(1) | |
---|---|---|---|---|---|---|---|
INCOME STATEMENT | |||||||
Total revenues | 8,620 | 177,718 | 152,360 | 147,298 | 156,011 | 147,739 | 123,224 |
Cost of goods solds | 4,756 | 98,056 | 80,330 | 78,916 | 83,076 | 79,109 | 66,693 |
Gross profit | 3,864 | 79,662 | 72,030 | 68,382 | 72,935 | 68,630 | 56,531 |
Operative expenses | 2,690 | 55,462 | 48,284 | 46,850 | 51,315 | 46,440 | 37,233 |
Other expenses, net | 185 | 3,812 | 1,748 | 158 | 623 | 952 | 1,375 |
Comprehensive financing result | 295 | 6,080 | 7,273 | 6,422 | 3,773 | 1,246 | 1,129 |
Income before income taxes and share of the profit or of associates and joint ventures accounted for using the equity method | 694 | 14,308 | 14,725 | 14,952 | 17,224 | 19,992 | 16,794 |
Income taxes | 191 | 3,928 | 4,551 | 3,861 | 5,731 | 6,274 | 5,667 |
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes | 7 | 147 | 155 | (125) | 289 | 180 | 86 |
Consolidated net income | 510 | 10,527 | 10,329 | 10,966 | 11,782 | 13,898 | 11,213 |
Equity holders of the parent | 488 | 10,070 | 10,235 | 10,542 | 11,543 | 13,333 | 10,662 |
Non-controlling interest net income | 22 | 457 | 94 | 424 | 239 | 565 | 551 |
RATIOS TO REVENUES (%) | |||||||
Gross margin | 44.8 | 44.8 | 47.3 | 46.4 | 46.7 | 46.5 | 45.9 |
Net income margin | 5.9 | 5.9 | 6.8 | 7.4 | 7.6 | 9.4 | 9.1 |
CASH FLOW | |||||||
Operative cash flow | 1,574 | 32,446 | 23,202 | 24,406 | 22,097 | 23,650 | 13,893 |
Capital expenditures (5) | 601 | 12,391 | 11,484 | 11,313 | 11,703 | 10,259 | 7,862 |
Cash and cash equivalents | 508 | 10,476 | 15,989 | 12,958 | 15,306 | 23,222 | 11,843 |
Marketable securities | - | - | - | - | - | 12 | 330 |
Total cash, cash equivalents and marketable securities | 508 | 10,476 | 15,989 | 12,958 | 15,306 | 23,234 | 12,173 |
BALANCE SHEET | |||||||
Current assets | 2,205 | 45,453 | 42,232 | 38,128 | 43,231 | 45,897 | 32,724 |
Investment in shares | 1,084 | 22,357 | 17,873 | 17,326 | 16,767 | 5,352 | 3,656 |
Property, plant and equipment, net | 3,167 | 65,288 | 50,532 | 50,527 | 51,785 | 42,517 | 38,102 |
Intangible assets, net | 6,013 | 123,964 | 90,754 | 97,024 | 98,974 | 67,013 | 62,163 |
Deferred charges and other assets, net | 1,077 | 22,194 | 8,858 | 9,361 | 5,908 | 5,324 | 5,093 |
Total Assets | 13,546 | 279,256 | 210,249 | 212,366 | 216,665 | 166,103 | 141,738 |
Liabilities | |||||||
Short-term bank loans and notes payable | 148 | 3,052 | 3,470 | 1,206 | 3,586 | 5,139 | 5,540 |
Interest payable | 25 | 520 | 411 | 371 | 324 | 194 | 206 |
Other current liabilities | 1,762 | 36,296 | 26,599 | 26,826 | 28,488 | 24,217 | 20,029 |
Long-term bank loans and notes payable | 4,164 | 85,857 | 63,260 | 64,821 | 56,875 | 24,775 | 16,821 |
Other long-term liabilities | 1,179 | 24,298 | 7,774 | 9,024 | 10,239 | 6,950 | 6,061 |
Total Liabilities | 7,278 | 150,023 | 101,514 | 102,248 | 99,512 | 61,275 | 48,657 |
Equity | 6,268 | 129,233 | 108,735 | 110,118 | 117,153 | 104,828 | 93,081 |
Non-controlling interest in consolidated subsidiaries | 344 | 7,096 | 3,986 | 4,401 | 4,042 | 3,179 | 3,053 |
Equity attributable to equity holders of the parent | 5,924 | 122,137 | 104,749 | 105,717 | 113,111 | 101,649 | 90,028 |
FINANCIAL RATIOS (%) | |||||||
Current | 1.14 | 1.14 | 1.39 | 1.34 | 1.33 | 1.55 | 1.27 |
Leverage | 1.16 | 1.16 | 0.93 | 0.93 | 0.85 | 0.58 | 0.52 |
Capitalization | 0.41 | 0.41 | 0.39 | 0.38 | 0.35 | 0.23 | 0.20 |
Coverage | 4.80 | 4.80 | 3.92 | 4.72 | 8.22 | 15.45 | 12.48 |
DATA PER SHARE | |||||||
Book Value (6) | 2.858 | 58.920 | 50.532 | 50.999 | 54.566 | 50.060 | 45.344 |
Income attributable to the holders of the parent(7) | 0.235 | 4.858 | 4.937 | 5.086 | 5.614 | 6.616 | 5.715 |
Dividends paid (8) | 0.163 | 3.35 | 3.090 | 2.900 | 2.870 | 2.824 | 2.365 |
Headcount (9) | 85,140 | 85,140 | 83,712 | 83,371 | 84,922 | 73,395 | 78,979 |
(1) | Information considers full-year of KOF’s territories, three months of Administradora de Acciones del Noreste, S.A. de C.V. (“Grupo Tampico”) and one month of Corporación de los Angeles, S.A. de C.V. (“Grupo CIMSA”). |
(2) | Information considers full-year of KOF’s territories and eight months of Grupo Fomento Queretano, S.A.P.I. (“Grupo Fomento Queretano”). |
(3) | Information considers full-year of KOF’s territories and seven months of Grupo Yoli S.A de C.V. ("Grupo Yoli"), four months of Companhia Fluminense de Refrigerantes ("Compañía Fluminense") and two months of SPAIPA S.A. Industria Brasileira de Bebidas ("SPAIPA"). |
(4) | Information considers full-year of KOF’s territories and one month of Vonpar Refrescos S.A. ("Vonpar"). |
(5) | Includes investments in property, plant and equipment, refrigeration equipment and returnable bottles and cases, net of disposals of property, plant and equipment. |
(6) | Based on 2,072.92 million ordinary shares as of December 31, 2016, 2015, 2014 and 2013, and 2030.54 and 1,985.45 million ordinary shares as of December 31, 2012 and 2011, respectively. |
(7) | Computed based on the weighted average number of shares outstanding during the periods presented: 2,072.92 million on 2016, 2015 and 2014 and 2,056.20, 2,015.14 and 1,865.55 million on 2013, 2012 and 2011, respectively. |
(8) | Dividends paid during the year based on the prior year's net income, using 2072.92 million oustanding ordinary shares on 2016, 2015, 2014 and 2013 and 2,030.54 and 1846.53 million oustanding ordinary shares on 2012 and 2011, respectively. |
(9) | Includes third-party. |
(*) | Exchange rate as of December 31st, 2016, Ps 20.6170 per U.S. dollar, solely for the convenience of the reader. |