KOF Q1 2019 Earnings Report — Coca-Cola FEMSA, S.A.B. de C.V. Revenue & Financial Results | Market Cap Arena

Coca-Cola FEMSA, S.A.B. de C.V.KOF

Q1 2019 Earnings

Reported March 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.5B	—	4.8%
Op. Income	$328M	—	$331M	—	-0.9%
Gross Margin	45.2%	—	49.7%	—	-4.5pp
Net Margin	5.6%	—	5.5%	—	0.1pp
EPS (Diluted)	$0.71	—	$0.66	—	7.8%
Free Cash Flow	$333M	—	$174M	—	92.0%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$853M
SG&A Expenses	$853M
Other Expenses	$18M
Operating Expenses	$871M
Cost & Expenses	$2.3B
OPERATING INCOME	$328M
Interest Income	$14M
Interest Expense	$100M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$234M
Income Tax Expense	$76M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$149M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$149M
D&A	$0
EBIT	$334M
EBITDA	$334M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$853M
SG&A Expenses	$853M
Other Expenses	$18M
Operating Expenses	$871M
Cost & Expenses	$2.3B
OPERATING INCOME	$328M
Interest Income	$14M
Interest Expense	$100M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$234M
Income Tax Expense	$76M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$149M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$149M
D&A	$0
EBIT	$334M
EBITDA	$334M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$149M
Depreciation & Amortization	$154M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$41M
Change in Working Capital	$139M
OPERATING CASH FLOW	$421M
Capital Expenditure	-$87M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	-$285M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$287M
FREE CASH FLOW	$333M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$622M
Inventory	$613M
Other Current Assets	$500M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$3.6B
Goodwill	$1.4B
Intangible Assets	$5.3B
Long-Term Investments	$614M
Tax Assets	$0
Other Non-Current Assets	$973M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.9B
Account Payables	$951M
Short-Term Debt	$969M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$957M
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$7.7B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$6.8B
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$57.5K
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$14.5B
Total Debt	$4.5B
Net Debt	$3.1B