Wal-Mart de México, S.A.B. de C.V. (BMV: WALMEX)

WALMEX 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
Operating Revenue	931,059	880,122	813,060	730,352	696,711	641,825
Other Revenue	5,618	5,618	5,165	4,845	4,382	4,466
Revenue	936,677	885,740	818,226	735,197	701,093	646,291
Revenue Growth (YoY)	7.70%	8.25%	11.29%	4.86%	8.48%	4.86%
Cost of Revenue	710,869	675,965	627,771	564,204	539,694	498,796
Gross Profit	225,809	209,775	190,455	170,993	161,398	147,495
Selling, General & Admin	150,506	136,747	124,693	110,181	105,042	94,426
Other Operating Expenses	-1,985	-304.31	-2,299	-1,680	-1,099	-942.19
Operating Expenses	148,520	136,443	122,394	108,501	103,943	93,484
Operating Income	77,289	73,332	68,061	62,492	57,455	54,011
Interest Expense	-7,837	-7,837	-7,050	-6,479	-6,410	-5,753
Interest & Investment Income	2,851	3,021	2,025	866.11	986.29	1,219
Currency Exchange Gain (Loss)	-548.3	283.68	428.5	11.37	257.39	9.02
Other Non Operating Income (Expenses)	-1,272	-137.5	-48.91	-10.49	-2,817	-275.76
EBT Excluding Unusual Items	70,482	68,663	63,416	56,880	49,472	49,210
Asset Writedown	-56.32	-56.32	-49.01	-159.13	-8.14	-8.08
Other Unusual Items	-	-	-	574.8	-	-
Pretax Income	70,426	68,607	63,367	57,296	49,464	49,202
Income Tax Expense	16,803	17,017	14,392	13,158	16,029	11,304
Earnings From Continuing Operations	53,623	51,590	48,974	44,138	33,435	37,898
Net Income to Company	53,623	51,590	48,974	44,138	33,435	37,898
Net Income	53,623	51,590	48,974	44,138	33,435	37,898
Net Income to Common	53,623	51,590	48,974	44,138	33,435	37,898
Net Income Growth	4.29%	5.34%	10.96%	32.01%	-11.78%	3.12%
Shares Outstanding (Basic)	17,501	17,461	17,461	17,461	17,461	17,461
Shares Outstanding (Diluted)	17,501	17,461	17,461	17,461	17,461	17,461
Shares Change (YoY)	0.22%	-	-	-	-	-
EPS (Basic)	3.06	2.95	2.80	2.53	1.91	2.17
EPS (Diluted)	3.06	2.95	2.80	2.53	1.91	2.17
EPS Growth	4.06%	5.34%	10.96%	32.01%	-11.78%	3.12%
Free Cash Flow	40,115	56,329	43,166	44,415	44,645	36,782
Free Cash Flow Per Share	2.29	3.23	2.47	2.54	2.56	2.11
Dividend Per Share	1.180	1.180	1.120	1.000	0.900	0.870
Dividend Growth	5.36%	5.36%	12.00%	11.11%	3.45%	3.57%
Gross Margin	24.11%	23.68%	23.28%	23.26%	23.02%	22.82%
Operating Margin	8.25%	8.28%	8.32%	8.50%	8.20%	8.36%
Profit Margin	5.72%	5.82%	5.99%	6.00%	4.77%	5.86%
Free Cash Flow Margin	4.28%	6.36%	5.28%	6.04%	6.37%	5.69%
EBITDA	93,916	88,799	82,837	76,674	71,502	67,169
EBITDA Margin	10.03%	10.03%	10.12%	10.43%	10.20%	10.39%
D&A For EBITDA	16,628	15,467	14,776	14,182	14,046	13,158
EBIT	77,289	73,332	68,061	62,492	57,455	54,011
EBIT Margin	8.25%	8.28%	8.32%	8.50%	8.20%	8.36%
Effective Tax Rate	23.86%	24.80%	22.71%	22.96%	32.41%	22.98%
Revenue as Reported	886,523	886,523	819,169	736,044	701,734	646,846

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