Quarterly reports

Financial statements

Mexican pesos U.S. dollars
2013 2014 2015 2016 2017 2018 2019 2020
Total assets 21,766,908 24,229,647 26,974,782 1,864,412 1,907,890 1,902,532 2,057,634 2,138,146
Current assets 4,174,360 5,221,020 6,332,520 396,638 495,686 534,152 653,718 832,242
Cash and cash equivalents 1,261,600 1,786,656 2,522,835 163,851 232,933 251,818 350,523 562,144
Trade accounts receivable, net 948,603 1,027,499 1,194,643 73,260 91,338 78,881 92,345 75,214
Other accounts receivable 286,180 517,991 653,650 39,351 42,945 59,311 57,637 47,089
Due from related parties 49,301 77,510 29,989 2,564 2,726 1,417 2,526 2,530
Inventories 1,543,648 1,635,521 1,735,051 76,647 79,033 96,649 102,810 96,522
Urban land - - - 29,824 34,179 35,529 35,478 36,216
Prepaid expenses 85,028 175,843 196,352 11,142 12,532 10,547 12,399 12,527
 
Non-current assets 17,592,548 19,008,627 20,642,262 1,467,774 1,412,204 1,368,380 1,403,916 1,305,904
Investment in associates 115,219 128,961 137,818 7,756 9,955 15,548 18,313 19,141
Property, machinery and equipment, net 11,945,084 12,749,080 13,900,911 925,016 936,387 1,027,760 1,015,909 955,592
Long term right of use assets - - - 402,382 387,461 - 40,531 27,954
Goodwill 4,205,720 4,733,273 5,534,419 65,172 60,790 246,884 240,545 212,598
Intangible assets, net - 102,047 103,303 7,735 5,430 73,251 68,508 66,766
Other assets 194,378 139,548 101,974 59,713 12,181 4,937 20,110 23,853
Deferred taxes 1,065,980 1,155,718 863,837 - - - - -
 
Total liabilities 9,438,738 10,701,271 12,243,257 993,400 978,927 930,316 983,097 965,266
Short-term liabilities 1,618,090 2,677,764 2,253,633 154,709 182,223 163,293 206,907 296,112
Current portion of long term financial debt 279,014 753,035 115,473 3,850 17,150 4,400 25,425 92,000
Trade accounts payable 770,405 984,873 918,428 70,763 89,232 83,223 83,625 89,079
Due to related parties 8,067 11,831 14,045 820 1,435 1,204 1,164 2,205
Short-term employee benefits 115,550 296,746 332,224 23,745 25,427 29,022 31,852 38,296
Accrued expenses and taxes other than income taxes 389,021 560,693 774,233 50,380 43,972 42,267 41,402 54,019
Provisions 56,033 70,272 99,230 5,151 5,007 3,177 2,651 2,116
Short-term right of use liabilities - - - - - - 20,788 18,397
 
Long-term liabilities 7,820,648 8,023,507 9,989,624 838,691 796,704 767,023 776,190 669,154
Long-term financial debt 6,066,335 6,084,116 7,413,526 685,795 665,751 645,936 624,566 536,851
Long-term right of use liabilities - - - - - - 20,661 8,114
Employee benefits 367,794 577,629 649,829 37,190 40,072 34,466 45,944 48,959
Provision for environmental restoration 56,355 - - 8,560 10,208 21,969 22,677 18,921
Other long-term liabilities - 57,188 74,761 745 734 1,408 267 576
Income taxes payable 1,068,464 991,720 933,724 39,054 29,308 19,458 11,132 4,302
Deferred income taxes 261,700 312,854 917,784 67,347 50,631 43,786 50,943 51,431
 
Total stockholders' equity 12,328,170 13,528,376 14,731,525 871,012 928,963 972,216 1,074,537 1,172,880
Controlling interest 12,324,786 13,524,671 14,725,028 870,705 928,933 972,183 1,074,504 1,172,250
Capital stock 396,270 396,270 396,270 32,100 32,070 32,068 32,071 32,070
Additional paid-in capital 1,832,940 1,832,940 1,832,940 148,300 148,365 148,365 148,365 148,365
Legal reserves 279,998 279,998 279,998 22,700 22,659 22,659 22,659 22,659
Retained earnings 9,766,918 9,642,218 10,061,151 818,857 917,097 986,794 1,040,722 1,149,300
Consolidated net income - 561,923 912,699 68,948 83,569 65,037 116,733 129,711
Other items of comprehensive income 48,660 811,322 1,241,970 (220,200) (274,827) (282,740) (286,046) (309,855)
Non-controlling interest 3,384 3,705 6,497 307 30 33 33 630
 
Total liabilities and equity 21,766,908 24,229,647 26,974,782 1,864,412 1,907,890 1,902,532 2,057,634 2,138,146
U.S. dollars
2013 2014 2015 2016 2017 2018 2019 2020
Net sales 657,231 754,531 752,515 748,486 824,104 883,230 934,115 937,750
USA sales 212,189 529,136 535,362 550,575 603,605 647,172 681,863 693,139
Mexico sales 445,042 225,395 217,153 197,911 220,499 236,058 252,252 244,611
Cost of sales 535,946 579,368 570,687 546,564 585,479 637,864 667,201 647,890
 
Gross profit 121,285 175,163 181,828 201,922 238,625 245,366 266,914 289,860
 
Selling, general and administrative expenses 72,175 85,211 77,591 75,284 77,829 75,530 83,348 78,524
 
Operating income before other expenses, net 49,110 89,952 104,237 126,638 160,796 169,836 183,566 211,366
 
Other expenses 18,456 4,647 1,531 6,234 16,238 8,341 7,289 23,640
 
Operating income 30,654 85,305 102,706 120,404 144,558 161,495 176,277 187,696
 
Financial income (42,195) 1,728 1,703 1,822 3,530 6,461 8,849 6,363
Financial expenses 1,443 (42,441) (40,462) (38,849) (57,341) (50,577) (41,002) (35,814)
Exchange gain (loss), net (224) 634 2,332 1,356 (2,019) (342) (4,141) 944
Net financing expenses (40,976) (40,079) (36,427) (35,671) (55,830) (44,458) (36,294) (28,507)
 
Share of profit of associates and joint venture 1,138 1,075 811 1,085 2,090 4,749 2,163 1,703
 
Income before income taxes taxes (9,184) 46,302 67,090 85,818 90,818 121,786 142,146 160,892
 
Income taxes (13,012) 3,237 10,155 16,685 12,072 16,692 25,409 31,180
 
Income before discontinued operations 3,828 43,065 56,935 69,133 78,746 105,094 116,737 129,712
 
Loss from discontinued operations - - - - 4,967 (40,055) - -
 
Consolidated net income 3,828 43,065 56,935 69,133 83,713 65,039 116,737 129,712
Controlling interest 3,839 43,041 56,756 68,948 83,569 65,037 116,733 129,711
Non-controlling interest (11) 24 179 185 144 2 4 1
EBITDA 113,739 153,844 165,081 188,603 239,835 256,361 291,972 308,281
U.S. dollars
2013 2014 2015 2016 2017 2018 2019 2020
Operating income before other expenses 48.5 80.8 104.2 126.6 160.8 169.8 183.6 211.3
Depreciation and amortization 63.1 57.8 60.8 62.0 79.0 86.5 108.4 96.9
EBITDA 111.6 138.6 165.1 188.6 239.8 256.4 292.0 308.3
Interest income (expense) (27.2) (30.2) (32.4) (31.0) (61.5) (48.1) (24.6) (21.2)
(Increase) Decrease in working capital 5.7 10.1 (4.2) (0.2) (4.7) (11.0) (19.0) 26.6
Taxes (20.4) (10.8) (6.3) (7.0) (12.7) (15.9) (21.2) (15.3)
Other (1.6) (4.0) (2.3) (9.8) (14.0) (23.9) (27.8) (1.9)
Operating leases (IFRS 16 effect) - - - - - - (20.8) (19.0)
Flow from continued operations, net 68.0 242.2 119.9 140.6 146.9 157.4 178.6 277.4
Cash flow of discontinued operations - - - - 9.7 1.7 - -
Operating cash flow 68.0 242.2 119.9 140.6 156.6 159.1 178.6 277.4
Capital expenditures (32.4) (41.1) (51.5) (33.5) (45.0) (52.8) (40.7) (26.8)
Free cash flow 35.7 62.5 68.3 107.1 111.6 106.4 137.9 250.6
Growth capital expenditures and other related expenses - - - (324.9) (30.3) (52.3) (24.0) (5.6)
Repurchase shares (net) - - - - - - (1.2) (5.2)
Assets sold - - - - - 118.5 1.2 2.6
Assets acquired - - - - - (107.5) - -
Debt amortizations net - (18.4) (31.3) 251.5 (3.8) (34.9) (4.4) (25.4)
Dividends paid - (8.5) (8.6) (9.3) (11.6) (12.6) (13.9) (7.0)
FX effect - - (4.1) (7.2) 3.1 1.3 3.2 1.7
Initial cash balance - 85.7 122.4 146.6 164.0 232.9 251.8 350.5
Final cash balance - 121.4 146.6 163.9 232.9 251.8 350.5 562.1

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