KOF Q2 2023 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 2023 Earnings

Reported June 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$200M	$177M	—	13.0%	—
Op. Income	$28M	$24M	—	17.1%	—
Gross Margin	44.4%	44.4%	—	0.0pp	—
Net Margin	8.0%	6.8%	—	1.2pp	—
EPS (Diluted)	$1.35	$1.07	—	25.8%	—
Free Cash Flow	$375M	$280M	—	33.8%	—

Revenue Flow

Item	Amount
REVENUE	$200M
Cost of Revenue	$111M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$61M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$172M
OPERATING INCOME	$28M
Interest Income	$48M
Interest Expense	$102M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$23M
Income Tax Expense	$6M
Net Income from Continuing Ops	$290M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$8M
EBIT	$28M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$200M
Cost of Revenue	$111M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$61M
Other Expenses	$0
Operating Expenses	$61M
Cost & Expenses	$172M
OPERATING INCOME	$28M
Interest Income	$48M
Interest Expense	$102M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$23M
Income Tax Expense	$6M
Net Income from Continuing Ops	$290M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$283M
D&A	$8M
EBIT	$28M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$279M
Depreciation & Amortization	$141M
Stock-Based Compensation	$0
Deferred Income Tax	-$18M
Other Non-Cash Items	$8.6B
Change in Working Capital	$18M
OPERATING CASH FLOW	$530M
Capital Expenditure	-$155M
Acquisitions (Net)	$4M
Purchases of Investments	-$21M
Sales/Maturities of Investments	$0
Other Investing Activities	-$3.4B
NET CASH FROM INVESTING	-$3.5B
Net Debt Issuance	-$413M
Common Stock Repurchased	$0
Common Dividends Paid	-$336M
Other Financing Activities	-$12.6B
NET CASH FROM FINANCING	-$13.3B
FREE CASH FLOW	$375M
Net Change in Cash	-$8.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$0
Net Receivables	$62M
Inventory	$40M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$220M
PP&E (Net)	$246M
Goodwill	$79M
Intangible Assets	$260M
Long-Term Investments	$30M
Tax Assets	$31M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$663M
TOTAL ASSETS	$883M
Account Payables	$71M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$48M
TOTAL CURRENT LIABILITIES	$184M
Long-Term Debt	$219M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$49M
TOTAL NON-CURRENT LIABILITIES	$284M
TOTAL LIABILITIES	$468M
Common Stock	$3M
Additional Paid-In Capital	$157M
Retained Earnings	$286M
Treasury Stock	$0
Accum. Other Comp. Income	-$53M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$393M
Minority Interest	$22M
TOTAL EQUITY	$415M
TOTAL LIABILITIES & EQUITY	$883M
Total Debt	$229M
Net Debt	$124M