v3.25.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
MXN ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
MXN ($)
Dec. 31, 2022
MXN ($)
Operating activities        
Profit before income tax from continuing operations $ 62,829,909 $ 3,100 $ 115,333,645 $ 134,269,499
Loss before income tax from discontinued operations 0 0 0 (8,524,516)
Profit before income tax 62,829,909 3,100 115,333,645 125,744,983
Items not requiring the use of cash:        
Depreciation property, plant and equipment and right-of-use assets 143,697,887 7,090 133,818,176 140,353,169
Amortization of intangible and other assets 20,430,474 1,008 17,967,888 18,280,617
Equity interest in net result of associated companies 5,179,112 256 5,371,824 1,811,432
Loss (gain) on sale of property, plant and equipment 264,769 13 (5,055,264) 935,644
Net period cost of labor obligations 18,232,542 900 16,971,936 15,979,152
Foreign currency exchange loss (income), net 69,721,961 3,439 (16,175,776) (20,008,610)
Interest income (9,008,220) (444) (9,628,340) (4,823,579)
Interest expense 56,019,754 2,764 44,545,241 41,258,803
Employee profit sharing 3,721,782 184 3,938,274 3,637,813
Valuation of derivative financial instruments, capitalized interest expense and other, net (3,672,093) (181) 4,623,029 17,072,520
Gain on net monetary positions (27,387,169) (1,351) (9,321,480) (11,538,061)
Gain on sale of subsidiary 0 0 0 (3,405,014)
Loss on deconsolidation of subsidiary 0 0 0 9,390,641
Impairment to notes receivable from joint venture 4,594,792 227 12,184,562 0
Impairment of joint venture 0 0 4,677,782 0
Working capital changes:        
Subscribers, distributors, recoverable taxes, contract assets and other (4,160,268) (206) (19,201,698) (6,803,202)
Prepaid expenses 2,252,754 111 (6,154,082) (2,527,168)
Related parties (3,388,829) (167) 758,301 1,884,945
Inventories (3,055,411) (151) 2,832,978 (1,183,883)
Other assets (8,825,833) (435) (1,564,370) (1,321,813)
Employee benefits (27,271,158) (1,346) (13,090,945) (25,723,517)
Accounts payable and accrued liabilities (15,450,565) (762) 10,098,156 (10,291,588)
Financial instruments and other 0 0 0 (2,353,920)
Deferred revenues 2,738,688 135 3,062,445 2,430,434
Employee profit sharing paid (3,524,357) (174) (3,316,540) (2,935,880)
Interest received 3,489,600 172 4,882,509 2,652,195
Income taxes paid (48,089,000) (2,374) (49,466,056) (62,015,057)
Cash flows from discontinued operating 0 0 0 (1,214,025)
Net cash flows provided by continuing operating activities 239,341,121 11,808 248,092,195 225,287,031
Investing activities        
Purchase of property, plant and equipment (113,083,319) (5,579) (131,101,509) (146,192,426)
Acquisition of intangibles (17,751,708) (876) (25,237,297) (11,661,530)
Dividends received 2,779,138 137 4,590,313 5,426,370
Proceeds from sale of property, plant and equipment 395,232 20 7,042,757 3,795,740
Acquisition of business, net of cash acquired 493,714 24 0 (18,525,639)
Contractual earn-out from business combination 893,754 44 3,468,655 2,298,532
Financial instruments, net (2,111,926) (104) (9,420,419) 0
Partial sale of shares of associated company 0 0 0 6,329
Investments in associate companies (72,513) (4) (459,750) (1,043,954)
Proceeds from the sale of businesses 0 0 0 5,791,488
Acquisition of short-term investments (10,983,052) (542) (10,061,353) 0
Sale of short-term investments 15,702,126 775 10,482,150 9,690,285
Acquisition of notes from joint venture (5,497,250) (271) (14,292,963) 0
Cash flows from discontinued investing 0 0 0 (1,944,235)
Net cash flows used in investing activities (129,235,804) (6,376) (164,989,416) (152,359,040)
Financing activities        
Loans obtained 262,041,021 12,929 249,380,436 188,414,369
Repayment of loans (232,731,277) (11,483) (214,735,610) (145,340,377)
Payment of liability related to right-of-use of assets (45,285,610) (2,234) (39,498,197) (33,823,287)
Interest paid (31,082,117) (1,534) (29,031,855) (26,882,181)
Repurchase of shares (22,746,633) (1,122) (14,331,361) (26,143,162)
Dividends paid (31,007,121) (1,530) (30,466,636) (29,534,053)
Acquisition of non-controlling interests (2,310,084) (114) (6,263,945) (39,596)
Net cash flows used in financing activities (103,121,821) (5,088) (84,947,168) (73,348,287)
Net increase (decrease) in cash and cash equivalents 6,983,496 344 (1,844,389) (420,296)
Adjustment to cash flows due to exchange rate fluctuations, net 3,070,829 152 (5,258,787) (4,558,646)
Cash and cash equivalents at beginning of the year 26,597,773 1,312 33,700,949 38,679,891
Cash and cash equivalents at end of the year $ 36,652,098 $ 1,808 $ 26,597,773 $ 33,700,949