KOF Q1 2024 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 2024 Earnings

Reported March 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2024	Q4 2023	Q1 2023	QoQ Change	YoY Change
Revenue	$3.7B	$3.7B	$177M	0.1%	1975.4%
Op. Income	$495M	-$1.4B	$24M	135.8%	2006.1%
Gross Margin	44.6%	46.2%	44.4%	-1.6pp	0.2pp
Net Margin	7.8%	8.4%	6.8%	-0.5pp	1.0pp
EPS (Diluted)	$1.37	$1.45	$1.07	-5.9%	28.0%
Free Cash Flow	$330M	$71M	$280M	366.3%	17.6%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$957M
General & Administrative	$183M
SG&A Expenses	$1.1B
Other Expenses	-$307.3K
Operating Expenses	$1.1B
Cost & Expenses	$3.2B
OPERATING INCOME	$495M
Interest Income	$36M
Interest Expense	$103M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$432M
Income Tax Expense	$130M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	-$57.5K
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$0
EBIT	$535M
EBITDA	$535M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$957M
General & Administrative	$183M
SG&A Expenses	$1.1B
Other Expenses	-$307.3K
Operating Expenses	$1.1B
Cost & Expenses	$3.2B
OPERATING INCOME	$495M
Interest Income	$36M
Interest Expense	$103M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$432M
Income Tax Expense	$130M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	-$57.5K
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$0
EBIT	$535M
EBITDA	$535M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$295M
Depreciation & Amortization	$196M
Stock-Based Compensation	$0
Deferred Income Tax	-$52M
Other Non-Cash Items	$8.5B
Change in Working Capital	-$19M
OPERATING CASH FLOW	$539M
Capital Expenditure	-$209M
Acquisitions (Net)	$2M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	-$3.3B
NET CASH FROM INVESTING	-$3.6B
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1.0B
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$330M
Net Change in Cash	$4.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$122M
Short-Term Investments	$0
Net Receivables	$73M
Inventory	$42M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$244M
PP&E (Net)	$283M
Goodwill	$76M
Intangible Assets	$270M
Long-Term Investments	$39M
Tax Assets	$31M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$718M
TOTAL ASSETS	$962M
Account Payables	$81M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$233M
Long-Term Debt	$223M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$53M
TOTAL NON-CURRENT LIABILITIES	$294M
TOTAL LIABILITIES	$527M
Common Stock	$3M
Additional Paid-In Capital	$162M
Retained Earnings	$305M
Treasury Stock	$0
Accum. Other Comp. Income	-$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$412M
Minority Interest	$23M
TOTAL EQUITY	$435M
TOTAL LIABILITIES & EQUITY	$962M
Total Debt	$232M
Net Debt	$110M