FMX Q1 2021 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 2021 Earnings

Reported March 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$7.2B	—	—	—	—
Op. Income	$565M	—	—	—	—
Gross Margin	37.4%	—	—	—	—
Net Margin	3.7%	—	—	—	—
EPS (Diluted)	$7.34	—	—	—	—
Free Cash Flow	$562M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.6B
OPERATING INCOME	$565M
Interest Income	$15M
Interest Expense	$221M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$513M
Income Tax Expense	$153M
Net Income from Continuing Ops	$360M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$428M
EBIT	$686M
EBITDA	$1.1B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$4.5B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.6B
OPERATING INCOME	$565M
Interest Income	$15M
Interest Expense	$221M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$513M
Income Tax Expense	$153M
Net Income from Continuing Ops	$360M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$428M
EBIT	$686M
EBITDA	$1.1B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$263M
Depreciation & Amortization	$392M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	$84M
OPERATING CASH FLOW	$747M
Capital Expenditure	-$185M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$55M
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	-$160M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$165M
NET CASH FROM FINANCING	-$325M
FREE CASH FLOW	$562M
Net Change in Cash	$328M

Balance Sheet

Item	Amount
Cash & Equivalents	$318M
Short-Term Investments	$0
Net Receivables	$122M
Inventory	$122M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$576M
PP&E (Net)	$466M
Goodwill	$129M
Intangible Assets	$303M
Long-Term Investments	$378M
Tax Assets	$66M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.9B
Account Payables	$146M
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$121M
TOTAL CURRENT LIABILITIES	$358M
Long-Term Debt	$517M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$17M
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$736M
TOTAL LIABILITIES	$1.1B
Common Stock	$8M
Additional Paid-In Capital	$50M
Retained Earnings	$602M
Treasury Stock	$0
Accum. Other Comp. Income	-$245.2K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$661M
Minority Interest	$182M
TOTAL EQUITY	$843M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$703M
Net Debt	$385M