FMX Q1 2016 Earnings Report — Fomento Económico Mexicano, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Fomento Económico Mexicano, S.A.B. de C.V.FMX

Q1 2016 Earnings

Reported March 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2016	Q4 2015	Q1 2015	QoQ Change	YoY Change
Revenue	$4.9B	—	—	—	—
Op. Income	$392M	—	—	—	—
Gross Margin	36.3%	—	—	—	—
Net Margin	3.5%	—	—	—	—
EPS (Diluted)	$0.97	—	—	—	—
Free Cash Flow	$247M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$1.2B
General & Administrative	$196M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$392M
Interest Income	$11M
Interest Expense	$117M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$336M
Income Tax Expense	$86M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$80M
EBIT	$453M
EBITDA	$472M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$1.2B
General & Administrative	$196M
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$392M
Interest Income	$11M
Interest Expense	$117M
Other Income/Expenses	-$56M
INCOME BEFORE TAX	$336M
Income Tax Expense	$86M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$80M
EBIT	$453M
EBITDA	$472M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$172M
Depreciation & Amortization	$172M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$112M
Change in Working Capital	$165M
OPERATING CASH FLOW	$398M
Capital Expenditure	-$151M
Acquisitions (Net)	-$40M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$85M
NET CASH FROM INVESTING	-$276M
Net Debt Issuance	$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$82M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$247M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.9B
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$1.4B
Other Current Assets	$844M
TOTAL CURRENT ASSETS	$6.2B
PP&E (Net)	$4.7B
Goodwill	$2.1B
Intangible Assets	$4.4B
Long-Term Investments	$6.7B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$19.3B
TOTAL ASSETS	$25.6B
Account Payables	$0
Short-Term Debt	$341M
Deferred Revenue	-$1.9B
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$5.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$7.4B
TOTAL LIABILITIES	$11.8B
Common Stock	$171M
Additional Paid-In Capital	$0
Retained Earnings	$8.7B
Treasury Stock	$0
Accum. Other Comp. Income	$12M
Other Equity	$1.4B
TOTAL STOCKHOLDERS' EQUITY	$10.3B
Minority Interest	$3.4B
TOTAL EQUITY	$13.7B
TOTAL LIABILITIES & EQUITY	$22.1B
Total Debt	$6.2B
Net Debt	$3.3B