AMX Q3 2023 Earnings Report — América Móvil, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

América Móvil, S.A.B. de C.V.AMX

Q3 2023 Earnings

Reported January 16, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$11.7B	$11.6B	$12.1B	0.6%	-3.3%
Op. Income	$2.4B	$2.3B	$2.6B	3.1%	-6.7%
Gross Margin	42.4%	42.2%	42.7%	0.1pp	-0.3pp
Net Margin	1.0%	12.8%	8.5%	-11.8pp	-7.5pp
EPS (Diluted)	$0.03	$0.47	$0.26	-92.7%	-87.0%
Free Cash Flow	$2.4B	$1.6B	—	48.5%	—

Revenue Flow

Item	Amount
REVENUE	$11.7B
Cost of Revenue	$6.8B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$821M
SG&A Expenses	$2.5B
Other Expenses	$95M
Operating Expenses	$2.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$2.4B
Interest Income	$159M
Interest Expense	$961M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$557M
Income Tax Expense	$365M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$2.2B
EBIT	$2.4B
EBITDA	$4.6B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$11.7B
Cost of Revenue	$6.8B
GROSS PROFIT	$5.0B
R&D Expenses	$0
Selling & Marketing	$1.7B
General & Administrative	$821M
SG&A Expenses	$2.5B
Other Expenses	$95M
Operating Expenses	$2.6B
Cost & Expenses	$9.3B
OPERATING INCOME	$2.4B
Interest Income	$159M
Interest Expense	$961M
Other Income/Expenses	-$1.8B
INCOME BEFORE TAX	$557M
Income Tax Expense	$365M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$2.2B
EBIT	$2.4B
EBITDA	$4.6B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$2.2B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3.2B
Change in Working Capital	-$1.3B
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$1.9B
Acquisitions (Net)	$215M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$149M
Common Stock Repurchased	-$266M
Common Dividends Paid	-$822M
Other Financing Activities	-$784M
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$2.4B
Net Change in Cash	-$232M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$4.4B
Net Receivables	$6.5B
Inventory	$1.2B
Other Current Assets	$7.0B
TOTAL CURRENT ASSETS	$20.7B
PP&E (Net)	$42.9B
Goodwill	$8.4B
Intangible Assets	$6.9B
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$10.9B
TOTAL NON-CURRENT ASSETS	$70.9B
TOTAL ASSETS	$91.6B
Account Payables	$3.5B
Short-Term Debt	$8.8B
Deferred Revenue	$0
Other Current Liabilities	$10.3B
TOTAL CURRENT LIABILITIES	$30.7B
Long-Term Debt	$20.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.1B
TOTAL NON-CURRENT LIABILITIES	$36.5B
TOTAL LIABILITIES	$67.1B
Common Stock	$5.5B
Additional Paid-In Capital	$0
Retained Earnings	$30.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$15.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$21.1B
Minority Interest	$3.3B
TOTAL EQUITY	$24.4B
TOTAL LIABILITIES & EQUITY	$91.6B
Total Debt	$36.7B
Net Debt	$35.1B