v3.25.1
Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
Operating activities:      
Net income for the year $ 711,522 $ 1,036,564 [1],[2] $ 869,964 [1]
Adjustments for:      
Income tax expense 469,260 380,023 [3] 516,920
Depreciation and amortization 392,186 382,119 [3] 287,702
Impairment of assets held for sale 166,581 [3]
Interest expense 639,705 827,812 [3] 543,321
Interest income (22,818) (45,056) [3] (28,689)
Loss (gain) on disposal of non-current assets (992) (1,460) [3] 4,758
Loss by selling of properties 529,722 [3]
Share-based payment expense 4,188 [3] 5,991
Movements in non-controlling interest 117 (93) [3] 10,983
Effect of foreign currency conversion (16,711) (4,349) [3] (8,653)
Unrealized loss (gain) in valuation of derivative financial instruments (156,766) 32,591 [3] 43,522
Total adjustments 2,711,806 2,612,339 [3] 2,245,819
(Increase) decrease in:      
Trade accounts receivable (60,638) (101,393) [3] 266,640
Trade accounts receivable from related parties (146) (43) [3] 30,246
Inventory (470,959) 92,136 [3] 171,260
Prepaid expenses and other assets 122,003 (84,826) [3] (48,383)
Increase (decrease) in:      
Accounts payable to suppliers and accrued expenses 419,023 423,104 [3] (940,039)
Trade accounts payable to related parties 1,237 (96,859) [3] 97,029
Provisions (55,830) 3,589 [3] (24,640)
Value-added tax payable (47,169) 28,722 [3] 110,231
Statutory employee profit sharing 6,400 (2,443) [3] 22,798
Employee benefits (9,350) (32,606) [3] 21,268
Income taxes paid (819,247) (474,941) [3] (542,527)
Net cash provided by operating activities 1,797,130 2,366,779 [3] 1,409,702
Investing activities:      
Payment of business acquisition net of cash acquired [3] (4,698,463)
Other investment in subsidiaries [3] (1,886)
Payments of fixed and intangible assets (181,503) (131,066) [3] (175,653)
Proceeds from disposal of fixed assets 11,774 20,682 [3] 22,091
Proceeds from disposal of properties 156,500 [3]
Commission by selling of properties (10,055) [3]
Interest received 22,818 45,056 [3] 28,689
Net cash used in investing activities (466) (65,328) [3] (4,825,222)
Financing activities:      
Proceeds from debt and borrowings 3,027,100 6,498,994 [3] 5,818,705
Repayment of borrowings (3,319,600) (7,633,715) [3] (1,120,025)
Bond issuance costs (8,355) [3] (88,722)
Interest paid on borrowings (603,921) (652,313) [3] (502,847)
Lease payments (principal and interest) (155,361) (123,241) [3] (76,214)
Share repurchases [3] (25,321)
Dividends paid (998,054) [3] (648,735) (949,610)
Net cash (used in) provided by financing activities (2,049,836) (2,567,365) [3] 3,055,966
(Decrease) increase in cash and cash equivalents (253,172) (265,914) [3] (359,554)
Cash and cash equivalents at the beginning of year 549,730 [4] 815,644 [3] 1,175,198
Cash and cash equivalents at the end of year $ 296,558 $ 549,730 [4] $ 815,644 [3]
[1] Details of the restatement are shown in note 2b.
[2] Restatement of the 2023 consolidated statement of financial position and consolidated statement of profit or loss and other comprehensive income, resulting from the adjustment for recognition of Jafra México’s right-of-use and office lease liabilities in the correct period as of the May 1, 2023, transaction date.
[3] Details of the restatement are shown in note 2b.
[4] Details of the restatement are shown in note 2b.