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.