v3.25.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
MXN ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
Operating Activities:      
Loss before income taxes from continuing operations $ (7,696,609) $ (7,074,734) $ (12,896,872)
Income before income taxes from discontinued operations 70,644 945,727 76,147,263
Adjustments to reconcile income or loss before income taxes to net cash provided by operating activities:      
Share of loss of associates and joint ventures 182,577 4,086,628 7,378,249
Depreciation and amortization 20,542,361 21,469,152 21,239,306
Other amortization of assets 47,628 422,065 353,232
Impairment of long-lived assets 3,064,319 69,467  
(Gain) loss on disposition of property and equipment [1] (2,321,248) 233,612 (131,683)
Impairment loss of trade accounts receivable and other receivables 1,294,125 1,107,996 1,172,555
Post-employment benefits 135,731 87,657 151,389
Interest income (685,846) (675,550) (89,268)
Share-based compensation expense 488,832 748,500 1,665,909
Other finance (gain) loss, net (773,727) 134,847 110,739
Gain on disposition of discontinued operations     (75,192,421)
Other expense (income) 1,259,756 (734,421)  
Interest expense 7,984,754 7,654,334 9,459,377
Lawsuit settlement agreement     418,734
Unrealized foreign exchange loss (gain), net 5,664,559 (3,740,149) (999,499)
Total 29,257,856 24,735,131 28,787,010
Decrease (increase) in trade accounts receivable 142,995 523,619 (4,176,638)
Decrease (increase) in transmission rights 1,344,981 (456,857) 1,241,568
Decrease in due from related parties, net 2,306,030 1,708,178 4,987,868
Decrease (increase) in inventories 1,099,637 564,745 (588,954)
Decrease (increase) in other accounts receivable and other current assets 1,456,804 1,271,583 (2,217,989)
Decrease in trade accounts payable and accrued expenses (738,598) (3,216,450) (122,945)
(Decrease) increase in deferred revenue and customer advances (526,698) (734,349) 267,237
(Decrease) increase in other liabilities and taxes payable (748,232) (2,316,886) (3,027,186)
(Decrease) increase in post-employment benefits (228,444) 136,993 (564,382)
Income taxes paid [2] (812,215) (7,014,309) (12,118,014)
Total 3,296,260 (9,533,733) (16,319,435)
Net cash provided by operating activities 32,554,116 15,201,398 12,467,575
Investing activities:      
Proceeds from disposition of discontinued operations     66,095,454
Long-term credit with related party     (5,738,832)
Disposition or investment in associate and joint ventures 50,767 45,556 (7,922)
Dividends from preferred shares 777,838 716,905 752,556
Release of holdback payment of OCEN     364,420
Dividends received 10,000 8,000 10,000
Investments in property, plant and equipment (9,097,397) (14,708,016) (17,315,387)
Disposition of property, plant and equipment 627,973 48,873 264,163
Non-current trade account receivable     87,663
Other investments in intangible assets (1,378,854) (1,869,707) (1,807,183)
Net cash (used in) provided by investing activities (9,009,673) (15,758,389) 42,704,932
Financing activities:      
Partial prepayment of Senior Notes due 2025, 2026, 2045, 2046 and 2049   (4,718,250) (10,099,581)
Repurchase of Senior Notes due 2043   (181,731)  
Prepayment of long-term loans from Mexican banks     (6,000,000)
Payment of long-term loans from Mexican banks (10,000,000)    
Proceeds from Mexican banks long-term loans 10,000,000 400,000  
Repayment of Mexican peso debt     (610,403)
Prepayment of Mexican peso debt related to Sky   (1,400,000)  
Payments of lease liabilities (1,567,300) (1,793,602) (1,690,311)
Interest paid (7,417,915) (7,553,938) (8,893,000)
Funding for acquisition of shares under the Long-term Retention Plan (132,572) (86,000) (648,242)
Repurchases of CPOs under a share repurchase program   (1,197,082) (629,326)
Repurchase of capital stock (378,894) (172,976) (980,410)
Sale of capital stock 378,894 172,976 980,410
Dividends paid (1,018,954) (1,027,354) (1,053,392)
Derivative financial instruments 747,746 (195,055) (145,131)
Net cash used in financing activities (9,388,995) (17,753,012) (29,769,386)
Foreign currency translation on cash and cash equivalents 148,289 (234,637) (100,344)
Net increase (decrease) in cash and cash equivalents 14,303,737 (18,544,640) 25,302,777
Cash and cash equivalents at beginning of year 32,586,352 51,130,992 25,828,215
Cash and cash equivalents of Spun-off Businesses (696,916)    
Cash and cash equivalents at end of year $ 46,193,173 $ 32,586,352 $ 51,130,992
[1] Includes a realized gain on sale of property of Ps.2,582,339, in connection with the Spun-off Businesses (see Notes 3 and 22).
[2] In 2024, income taxes paid are net of income tax reimbursements of $1,324,442.