Coca-Cola FEMSA, S.A.B. de C.V. (KOF)

KOF 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	266,761	244,264	226,222	193,899	181,520	192,342
Other Revenue	824	824	518	905	2,095	2,129
Revenue	267,585	245,088	226,740	194,804	183,615	194,471
Revenue Growth (YoY)	10.54%	8.09%	16.39%	6.09%	-5.58%	6.65%
Cost of Revenue	145,290	134,228	126,440	106,206	100,804	106,964
Gross Profit	122,295	110,860	100,300	88,598	82,811	87,507
Selling, General & Admin	83,971	76,395	69,267	60,968	56,675	60,737
Other Operating Expenses	1,635	1,533	1,059	657	849	459
Operating Expenses	85,606	77,928	70,326	61,625	57,524	61,196
Operating Income	36,689	32,932	29,974	26,973	25,287	26,311
Interest Expense	-7,375	-7,176	-4,567	-5,944	-7,663	-6,704
Interest & Investment Income	2,776	3,188	2,411	932	1,047	1,230
Earnings From Equity Investments	418.51	215	386	88	-281	-131
Currency Exchange Gain (Loss)	281.19	-707	-219	166	-65	-251
Other Non Operating Income (Expenses)	959.64	925	-1,916	578	452	628
EBT Excluding Unusual Items	33,749	29,377	26,069	22,793	18,777	21,083
Merger & Restructuring Charges	-	-	-	-	-	-1,062
Gain (Loss) on Sale of Investments	-143	-143	-	-250	-2,289	-948
Gain (Loss) on Sale of Assets	94	94	250	58	96	42
Asset Writedown	-187	-187	-177	-202	-666	-318
Legal Settlements	-227	-227	-505	-193	-498	-
Other Unusual Items	93	93	536	734	376	-519
Pretax Income	33,379	29,007	26,173	22,940	15,796	18,278
Income Tax Expense	10,728	8,781	6,547	6,609	5,428	5,648
Earnings From Continuing Operations	22,651	20,226	19,626	16,331	10,368	12,630
Net Income to Company	22,651	20,226	19,626	16,331	10,368	12,630
Minority Interest in Earnings	-883.26	-690	-592	-623	-61	-529
Net Income	21,768	19,536	19,034	15,708	10,307	12,101
Net Income to Common	21,768	19,536	19,034	15,708	10,307	12,101
Net Income Growth	2.12%	2.64%	21.17%	52.40%	-14.83%	-13.01%
Shares Outstanding (Basic)	215	210	210	210	210	210
Shares Outstanding (Diluted)	215	210	210	210	210	210
Shares Change (YoY)	-83.58%	-	-	-	-	-
EPS (Basic)	101.47	93.00	90.61	74.78	49.07	57.61
EPS (Diluted)	101.47	93.00	90.61	74.78	49.07	57.61
EPS Growth	521.97%	2.64%	21.17%	52.40%	-14.83%	-13.01%
Free Cash Flow	20,777	22,676	18,735	23,377	25,492	20,965
Free Cash Flow Per Share	96.85	107.95	89.19	111.29	121.35	99.80
Dividend Per Share	60.800	60.800	58.000	54.300	50.400	48.600
Dividend Growth	4.83%	4.83%	6.81%	7.74%	3.70%	37.29%
Gross Margin	45.70%	45.23%	44.24%	45.48%	45.10%	45.00%
Operating Margin	13.71%	13.44%	13.22%	13.85%	13.77%	13.53%
Profit Margin	8.14%	7.97%	8.39%	8.06%	5.61%	6.22%
Free Cash Flow Margin	7.76%	9.25%	8.26%	12.00%	13.88%	10.78%
EBITDA	46,123	42,169	39,217	35,551	34,722	34,941
EBITDA Margin	17.24%	17.21%	17.30%	18.25%	18.91%	17.97%
D&A For EBITDA	9,433	9,237	9,243	8,578	9,435	8,630
EBIT	36,689	32,932	29,974	26,973	25,287	26,311
EBIT Margin	13.71%	13.44%	13.22%	13.85%	13.77%	13.53%
Effective Tax Rate	32.14%	30.27%	25.01%	28.81%	34.36%	30.90%
Revenue as Reported	245,088	245,088	226,740	194,804	183,615	194,471
Advertising Expenses	-	4,691	3,983	5,413	5,043	6,748

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