KOF Q3 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

Q3 2024 Earnings

Reported September 30, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2024	Q2 2024	Q3 2023	QoQ Change	YoY Change
Revenue	$4.0B	$4.0B	$212M	0.2%	1789.5%
Op. Income	$554M	$560M	$30M	-1.1%	1752.4%
Gross Margin	46.1%	46.0%	45.9%	0.1pp	0.2pp
Net Margin	8.4%	8.1%	8.6%	0.3pp	-0.1pp
EPS (Diluted)	$1.60	$1.54	$1.47	4.5%	9.0%
Free Cash Flow	$338M	$321M	$481M	5.2%	-29.7%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$192M
SG&A Expenses	$1.3B
Other Expenses	$2M
Operating Expenses	$1.3B
Cost & Expenses	$3.4B
OPERATING INCOME	$554M
Interest Income	$49M
Interest Expense	$110M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$509M
Income Tax Expense	$157M
Net Income from Continuing Ops	$352M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$337M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$337M
D&A	$65M
EBIT	$619M
EBITDA	$684M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$1.1B
General & Administrative	$192M
SG&A Expenses	$1.3B
Other Expenses	$2M
Operating Expenses	$1.3B
Cost & Expenses	$3.4B
OPERATING INCOME	$554M
Interest Income	$49M
Interest Expense	$110M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$509M
Income Tax Expense	$157M
Net Income from Continuing Ops	$352M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$337M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$337M
D&A	$65M
EBIT	$619M
EBITDA	$684M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$309M
Depreciation & Amortization	$230M
Stock-Based Compensation	$0
Deferred Income Tax	$37M
Other Non-Cash Items	$12.0B
Change in Working Capital	$86M
OPERATING CASH FLOW	$654M
Capital Expenditure	-$316M
Acquisitions (Net)	$3M
Purchases of Investments	-$15M
Sales/Maturities of Investments	$0
Other Investing Activities	-$4.4B
NET CASH FROM INVESTING	-$4.8B
Net Debt Issuance	$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$180M
Other Financing Activities	-$6.2B
NET CASH FROM FINANCING	-$6.4B
FREE CASH FLOW	$338M
Net Change in Cash	$3.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$0
Net Receivables	$64M
Inventory	$41M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$237M
PP&E (Net)	$277M
Goodwill	$67M
Intangible Assets	$237M
Long-Term Investments	$44M
Tax Assets	$24M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$666M
TOTAL ASSETS	$903M
Account Payables	$86M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$208M
Long-Term Debt	$203M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$262M
TOTAL LIABILITIES	$470M
Common Stock	$3M
Additional Paid-In Capital	$137M
Retained Earnings	$292M
Treasury Stock	$0
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$412M
Minority Interest	$22M
TOTAL EQUITY	$434M
TOTAL LIABILITIES & EQUITY	$903M
Total Debt	$220M
Net Debt	$97M