FMX Q4 2019 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

Q4 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$7.6B	—	—	—	—
Op. Income	$849M	—	—	—	—
Gross Margin	39.3%	—	—	—	—
Net Margin	3.6%	—	—	—	—
EPS (Diluted)	$7.73	—	—	—	—
Free Cash Flow	$271M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$6.8B
OPERATING INCOME	$849M
Interest Income	$41M
Interest Expense	$212M
Other Income/Expenses	-$326M
INCOME BEFORE TAX	$523M
Income Tax Expense	$172M
Net Income from Continuing Ops	$351M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$433M
EBIT	$654M
EBITDA	$1.1B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$4.6B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.2B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$6.8B
OPERATING INCOME	$849M
Interest Income	$41M
Interest Expense	$212M
Other Income/Expenses	-$326M
INCOME BEFORE TAX	$523M
Income Tax Expense	$172M
Net Income from Continuing Ops	$351M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$433M
EBIT	$654M
EBITDA	$1.1B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$276M
Depreciation & Amortization	$381M
Stock-Based Compensation	$35M
Deferred Income Tax	$0
Other Non-Cash Items	$679M
Change in Working Capital	-$647M
OPERATING CASH FLOW	$724M
Capital Expenditure	-$453M
Acquisitions (Net)	-$205M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$760M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$97M
Common Stock Repurchased	$0
Common Dividends Paid	-$392M
Other Financing Activities	-$415M
NET CASH FROM FINANCING	-$903M
FREE CASH FLOW	$271M
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$0
Net Receivables	$147M
Inventory	$125M
Other Current Assets	$54M
TOTAL CURRENT ASSETS	$526M
PP&E (Net)	$509M
Goodwill	$128M
Intangible Assets	$318M
Long-Term Investments	$325M
Tax Assets	$62M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.9B
Account Payables	$174M
Short-Term Debt	$72M
Deferred Revenue	$0
Other Current Liabilities	$111M
TOTAL CURRENT LIABILITIES	$416M
Long-Term Debt	$308M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$21M
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$532M
TOTAL LIABILITIES	$948M
Common Stock	$10M
Additional Paid-In Capital	$55M
Retained Earnings	$700M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$769M
Minority Interest	$225M
TOTAL EQUITY	$993M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$524M
Net Debt	$325M