Arca Continental, S.A.B. de C.V. (BMV: AC)

AC Income Statement

Financials in millions MXN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	224,184	215,772	209,961	185,746	171,586	165,041
Revenue Growth (YoY)	2.62%	2.77%	13.04%	8.25%	3.97%	3.83%
Cost of Revenue	119,795	116,761	116,703	102,414	94,881	91,968
Gross Profit	104,389	99,011	93,259	83,333	76,705	73,073
Selling, General & Admin	70,104	66,493	64,382	57,883	54,708	52,482
Other Operating Expenses	-1,588	-1,638	-1,331	-362.16	-1,041	-1,466
Operating Expenses	68,515	64,855	63,051	57,521	53,667	51,016
Operating Income	35,873	34,157	30,208	25,811	23,037	22,057
Interest Expense	-3,866	-3,710	-3,132	-3,000	-3,470	-3,642
Interest & Investment Income	1,603	2,007	1,550	702.96	690	738.85
Earnings From Equity Investments	236.71	325.12	511.95	110.16	66.21	225.55
Currency Exchange Gain (Loss)	402.48	-793.42	-298.83	-80.47	-185.68	-277.99
Other Non Operating Income (Expenses)	-921.4	-749.21	-1,102	-568.11	-248.62	-211.61
EBT Excluding Unusual Items	33,328	31,236	27,737	22,976	19,889	18,890
Gain (Loss) on Sale of Assets	-639.27	-639.27	-151.14	-870.14	-1,265	-847.77
Asset Writedown	-	-	-	510.93	427.85	-
Other Unusual Items	538.82	406.91	-92.17	-544.19	-1,051	-1,266
Pretax Income	33,228	31,004	27,494	22,072	18,001	16,776
Income Tax Expense	10,580	9,849	8,703	6,983	5,427	5,031
Earnings From Continuing Operations	22,648	21,155	18,790	15,089	12,574	11,744
Minority Interest in Earnings	-3,807	-3,651	-3,287	-2,807	-2,297	-2,156
Net Income	18,841	17,504	15,503	12,282	10,276	9,588
Net Income to Common	18,841	17,504	15,503	12,282	10,276	9,588
Net Income Growth	11.37%	12.91%	26.22%	19.52%	7.17%	10.17%
Shares Outstanding (Basic)	1,696	1,727	1,749	1,757	1,760	1,764
Shares Outstanding (Diluted)	1,696	1,727	1,749	1,757	1,760	1,764
Shares Change (YoY)	0.07%	-1.29%	-0.45%	-0.15%	-0.25%	-0.06%
EPS (Basic)	11.11	10.14	8.86	6.99	5.84	5.43
EPS (Diluted)	11.11	10.14	8.86	6.99	5.84	5.43
EPS Growth	11.33%	14.42%	26.76%	19.70%	7.53%	10.14%
Free Cash Flow	22,255	18,659	20,258	23,605	22,504	16,408
Free Cash Flow Per Share	13.12	10.81	11.58	13.43	12.79	9.30
Dividend Per Share	3.800	3.800	6.500	4.680	4.440	2.420
Dividend Growth	8.57%	-41.54%	38.89%	5.41%	83.47%	5.22%
Gross Margin	46.56%	45.89%	44.42%	44.86%	44.70%	44.28%
Operating Margin	16.00%	15.83%	14.39%	13.90%	13.43%	13.36%
Profit Margin	8.40%	8.11%	7.38%	6.61%	5.99%	5.81%
Free Cash Flow Margin	9.93%	8.65%	9.65%	12.71%	13.12%	9.94%
EBITDA	43,707	41,717	38,440	34,610	31,945	30,373
EBITDA Margin	19.50%	19.33%	18.31%	18.63%	18.62%	18.40%
D&A For EBITDA	7,834	7,560	8,233	8,798	8,907	8,316
EBIT	35,873	34,157	30,208	25,811	23,037	22,057
EBIT Margin	16.00%	15.83%	14.39%	13.90%	13.43%	13.36%
Effective Tax Rate	31.84%	31.77%	31.66%	31.64%	30.15%	29.99%
Advertising Expenses	-	5,247	4,575	3,087	3,050	3,017

Source: S&P Capital IQ. Standard template. Financial Sources.