KOF Q4 2016 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

Q4 2016 Earnings

Reported April 12, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$3.3B	$2.4B	—	34.8%	—
Op. Income	$458M	$324M	—	41.2%	—
Gross Margin	43.8%	44.6%	—	-0.8pp	—
Net Margin	6.1%	5.3%	—	0.8pp	—
EPS (Diluted)	$0.97	$0.63	—	54.1%	—
Free Cash Flow	$566M	$393M	—	44.1%	—

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$848M
SG&A Expenses	$848M
Other Expenses	$11M
Operating Expenses	$859M
Cost & Expenses	$4.1B
OPERATING INCOME	$458M
Interest Income	$12M
Interest Expense	$126M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$355M
Income Tax Expense	$94M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$154M
EBIT	$510M
EBITDA	$663M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$848M
SG&A Expenses	$848M
Other Expenses	$11M
Operating Expenses	$859M
Cost & Expenses	$4.1B
OPERATING INCOME	$458M
Interest Income	$12M
Interest Expense	$126M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$355M
Income Tax Expense	$94M
Net Income from Continuing Ops	$212M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$154M
EBIT	$510M
EBITDA	$663M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$201M
Depreciation & Amortization	$154M
Stock-Based Compensation	$12M
Deferred Income Tax	$0
Other Non-Cash Items	$728M
Change in Working Capital	-$272M
OPERATING CASH FLOW	$823M
Capital Expenditure	-$257M
Acquisitions (Net)	-$759M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$68M
Common Stock Repurchased	$0
Common Dividends Paid	-$215M
Other Financing Activities	$75M
NET CASH FROM FINANCING	-$72M
FREE CASH FLOW	$566M
Net Change in Cash	-$553M

Balance Sheet

Item	Amount
Cash & Equivalents	$602M
Short-Term Investments	$0
Net Receivables	$810M
Inventory	$617M
Other Current Assets	$402M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$3.8B
Goodwill	$1.9B
Intangible Assets	$5.2B
Long-Term Investments	$1.3B
Tax Assets	$344M
Other Non-Current Assets	$932M
TOTAL NON-CURRENT ASSETS	$13.4B
TOTAL ASSETS	$16.0B
Account Payables	$1.6B
Short-Term Debt	$175M
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$4.9B
Deferred Revenue NC	-$69M
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$8.6B
Common Stock	$118M
Additional Paid-In Capital	$2.4B
Retained Earnings	$4.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$143M
Other Equity	-$28M
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	$408M
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$16.0B
Total Debt	$5.1B
Net Debt	$4.5B