KOF Q1 2021 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 2021 Earnings

Reported March 30, 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	$2.6B	$2.8B	—	-8.0%	—
Op. Income	$339M	-$888M	—	138.2%	—
Gross Margin	44.6%	44.7%	—	-0.1pp	—
Net Margin	7.1%	6.6%	—	0.5pp	—
EPS (Diluted)	$0.86	$0.87	—	-1.3%	—
Free Cash Flow	$327M	$325M	—	0.8%	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$689M
General & Administrative	$104M
SG&A Expenses	$794M
Other Expenses	$13M
Operating Expenses	$806M
Cost & Expenses	$2.2B
OPERATING INCOME	$339M
Interest Income	$9M
Interest Expense	$85M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$274M
Income Tax Expense	$95M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$57.5K
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$0
EBIT	$359M
EBITDA	$359M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$689M
General & Administrative	$104M
SG&A Expenses	$794M
Other Expenses	$13M
Operating Expenses	$806M
Cost & Expenses	$2.2B
OPERATING INCOME	$339M
Interest Income	$9M
Interest Expense	$85M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$274M
Income Tax Expense	$95M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$57.5K
NET INCOME	$181M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$181M
D&A	$0
EBIT	$359M
EBITDA	$359M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$181M
Depreciation & Amortization	$141M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$85M
Change in Working Capital	$126M
OPERATING CASH FLOW	$363M
Capital Expenditure	-$84M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	-$58
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$18M
FREE CASH FLOW	$327M
Net Change in Cash	$219M

Balance Sheet

Item	Amount
Cash & Equivalents	$136M
Short-Term Investments	$0
Net Receivables	$37M
Inventory	$29M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$208M
PP&E (Net)	$167M
Goodwill	$64M
Intangible Assets	$222M
Long-Term Investments	$33M
Tax Assets	$30M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$528M
TOTAL ASSETS	$736M
Account Payables	$43M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$137M
Long-Term Debt	$238M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$279M
TOTAL LIABILITIES	$416M
Common Stock	$3M
Additional Paid-In Capital	$131M
Retained Earnings	$192M
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$305M
Minority Interest	$15M
TOTAL EQUITY	$320M
TOTAL LIABILITIES & EQUITY	$736M
Total Debt	$253M
Net Debt	$117M