KOF Q2 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

Q2 2019 Earnings

Reported June 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$2.8B	$2.7B	—	3.7%	—
Op. Income	$364M	$328M	—	10.9%	—
Gross Margin	46.1%	45.2%	—	0.9pp	—
Net Margin	7.3%	5.6%	—	1.7pp	—
EPS (Diluted)	$0.95	$0.71	—	33.9%	—
Free Cash Flow	$389M	$333M	—	16.6%	—

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$728M
General & Administrative	$123M
SG&A Expenses	$864M
Other Expenses	$38M
Operating Expenses	$902M
Cost & Expenses	$2.4B
OPERATING INCOME	$364M
Interest Income	$17M
Interest Expense	$100M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$275M
Income Tax Expense	$68M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$135M
EBIT	$366M
EBITDA	$501M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$728M
General & Administrative	$123M
SG&A Expenses	$864M
Other Expenses	$38M
Operating Expenses	$902M
Cost & Expenses	$2.4B
OPERATING INCOME	$364M
Interest Income	$17M
Interest Expense	$100M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$275M
Income Tax Expense	$68M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$200M
D&A	$135M
EBIT	$366M
EBITDA	$501M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$199M
Depreciation & Amortization	$135M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$98M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$505M
Capital Expenditure	-$116M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$214M
Other Financing Activities	-$56M
NET CASH FROM FINANCING	-$278M
FREE CASH FLOW	$389M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$663M
Inventory	$576M
Other Current Assets	$512M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$3.6B
Goodwill	$1.5B
Intangible Assets	$5.2B
Long-Term Investments	$610M
Tax Assets	$0
Other Non-Current Assets	$1.0B
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.9B
Account Payables	$919M
Short-Term Debt	$961M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$3.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$992M
TOTAL NON-CURRENT LIABILITIES	$4.4B
TOTAL LIABILITIES	$7.5B
Common Stock	$54M
Additional Paid-In Capital	$2.6B
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	$335M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	$399M
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$4.4B
Net Debt	$3.1B