v3.25.1
Consolidated Statements of Cash Flows
$ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
OPERATING ACTIVITIES:        
Income before income taxes   $ 36,317 $ 29,007 $ 26,173
Adjustments for:        
Non-cash operating expenses   2,325 79 471
Depreciation   10,221 8,919 8,997
Depreciation right-of-use assets   921 776 660
Amortization   985 836 768
Amortization prepaid expenses   852 887 890
Gain on sale of long-lived assets, net   (137) (94) (250)
Loss on the retirement of long-lived assets   482 186 177
Loss on the retirement of intangible assets   50 1 0
Share of the (profit) of associates and joint ventures accounted for using the equity method, net of income taxes   (306) (215) (386)
Interest income   (3,040) (3,188) (2,411)
Interest expense   7,532 7,102 6,500
Foreign exchange loss (income), net   (304) 1,046 324
Non-cash movements in post-employment and other non-current employee benefits obligations   310 338 299
Impairment on equity investments   0 143 0
Monetary position gain, net   (216) (93) (536)
Market value (gain) loss on financial instruments   (67) (169) 672
Accounts receivable and other current assets   (2,299) (1,605) (3,420)
Other current financial assets   (1,897) (573) (514)
Inventories   (2,215) (779) (179)
Suppliers and other accounts payable   5,146 3,742 3,420
Other liabilities   (1,132) 403 (424)
Employee benefits paid   (585) (544) (483)
Other taxes   (829) 1,384 41
Income taxes paid   (9,672) (5,300) (5,298)
Net cash flows generated from operating activities   42,442 42,289 35,491
INVESTING ACTIVITIES:        
Business acquisition and mergers, net of cash acquired   0 0 (2,356)
Interest collected   3,040 3,188 2,411
Acquisitions of property, plant and equipment   (23,944) (19,613) (16,756)
Proceeds from insurance recoveries and sale of long-lived assets [1]   476 178 323
Acquisitions of intangible assets   (1,848) (1,019) (979)
Other non-current assets   (384) (1,603) (1,698)
Dividends received from investments in associates and joint ventures   19 79 16
Investments in other entities and financial assets   (751) (1,280) (558)
Net cash flows used in investing activities   (23,392) (20,070) (19,597)
FINANCING ACTIVITIES:        
Proceeds from borrowings   1,394 151 6,089
Repayments of borrowings   (28) (8,401) (8,432)
Interest paid   (4,660) (4,537) (4,724)
Dividends paid   (12,870) (12,275) (11,463)
Interest paid on lease liabilities   (349) (278) (139)
Payments of leases   (856) (690) (631)
Financing instruments   (2,273) (322) (1,547)
Net cash flows used in financing activities   (19,642) (26,352) (20,847)
Net (decrease) in cash and cash equivalents   (592) (4,133) (4,953)
Cash and cash equivalents at the beginning of the period   31,060 40,277 47,248
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies   2,311 (5,084) (2,018)
Cash and cash equivalents at the end of the period   $ 32,779 $ 31,060 $ 40,277
Currency in which supplementary information is displayed        
OPERATING ACTIVITIES:        
Income before income taxes [2] $ 1,741      
Adjustments for:        
Non-cash operating expenses [2] 111      
Depreciation [2] 490      
Depreciation right-of-use assets [2] 44      
Amortization [2] 47      
Amortization prepaid expenses [2] 41      
Gain on sale of long-lived assets, net [2] (7)      
Loss on the retirement of long-lived assets [2] 23      
Loss on the retirement of intangible assets [2] 2      
Share of the (profit) of associates and joint ventures accounted for using the equity method, net of income taxes [2] (15)      
Interest income [2] (146)      
Interest expense [2] 361      
Foreign exchange loss (income), net [2] (15)      
Non-cash movements in post-employment and other non-current employee benefits obligations [2] 15      
Impairment on equity investments [2] 0      
Monetary position gain, net [2] (10)      
Market value (gain) loss on financial instruments [2] (3)      
Accounts receivable and other current assets [2] (110)      
Other current financial assets [2] (91)      
Inventories [2] (106)      
Suppliers and other accounts payable [2] 247      
Other liabilities [2] (54)      
Employee benefits paid [2] (28)      
Other taxes [2] (40)      
Income taxes paid [2] (464)      
Net cash flows generated from operating activities [2] 2,035      
INVESTING ACTIVITIES:        
Business acquisition and mergers, net of cash acquired [2] 0      
Interest collected [2] 146      
Acquisitions of property, plant and equipment [2] (1,148)      
Proceeds from insurance recoveries and sale of long-lived assets [1],[2] 23      
Acquisitions of intangible assets [2] (89)      
Other non-current assets [2] (18)      
Dividends received from investments in associates and joint ventures [2] 1      
Investments in other entities and financial assets [2] (36)      
Net cash flows used in investing activities [2] (1,122)      
FINANCING ACTIVITIES:        
Proceeds from borrowings [2] 67      
Repayments of borrowings [2] (1)      
Interest paid [2] (223)      
Dividends paid [2] (617)      
Interest paid on lease liabilities [2] (17)      
Payments of leases [2] (41)      
Financing instruments [2] (109)      
Net cash flows used in financing activities [2] (942)      
Net (decrease) in cash and cash equivalents [2] (28)      
Cash and cash equivalents at the beginning of the period [2] 1,489      
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies [2] 111      
Cash and cash equivalents at the end of the period [2] $ 1,572      
[1] As of December 31, 2024, the Company recognized an insurance collection of Ps. 245 related to the write-offs of long-lived assets.
[2] Convenience translation to U.S. dollars ($) – See Note 2.2.3