Consolidated Statements of Financial Position
As of December 31, 2018, 2017 and 2016
(In thousands of Mexican pesos)
Note | 2018 | 2017 | 2016 | ||||
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | 6 | $ | 7,767,473 | $ | 4,331,365 | $ | 4,857,917 |
Investments in securities | 7 | 1,150,223 | 777,387 | 1,498,719 | |||
Accounts receivable, net | 8 | 25,037,727 | 25,955,943 | 25,504,011 | |||
Due from related parties | 23 | 4,707,977 | 4,090,590 | 3,682,581 | |||
Inventories, net | 9 | 17,764,614 | 16,509,661 | 15,766,892 | |||
Prepaid expenses | 711,584 | 698,926 | 723,039 | ||||
Derivative financial instruments | 13 | 2,546 | 24,101 | 10,898 | |||
Total current assets | 57,142,144 | 52,387,973 | 52,044,057 | ||||
Non-current assets: | |||||||
Long-term accounts receivable | - | - | 10,143 | ||||
Real estate inventories | 937,489 | 911,977 | 873,262 | ||||
Property, machinery and equipment, net | 14 | 35,620,311 | 33,402,553 | 30,175,511 | |||
Investment property | 15 | 3,068,498 | 2,812,198 | 2,668,495 | |||
Investment in associates and joint ventures | 16 | 34,760,628 | 24,892,481 | 19,819,417 | |||
Employee retirement benefits | 21 | 562,981 | 634,276 | 517,681 | |||
Derivative financial instruments | 13 | 478,895 | 301,195 | 359,532 | |||
Intangible assets, net | 17 | 1,219,978 | 762,212 | 663,438 | |||
Deferred income tax asset | 27 | 3,634,306 | 2,384,854 | 2,048,472 | |||
Other assets - net | 18 | 463,966 | 358,211 | 376,341 | |||
Total non-current assets | 80,747,052 | 66,459,957 | 57,512,292 | ||||
Total assets | $ | 137,889,196 | $ | 118,847,930 | $ | 109,556,349 | |
Liabilities | |||||||
Current liabilities: | |||||||
Loans payable to financial institutions and other | 19 | $ | 434,031 | $ | 2,662,952 | $ | 6,721,179 |
Current portion of long-term debt | 19 | 82,871 | 15,478 | 5,000,000 | |||
Trade accounts payable | 11,278,375 | 9,911,843 | 9,346,930 | ||||
Due to related parties | 23 | 1,391,370 | 1,890,909 | 2,368,778 | |||
Other accounts payable and accrued liabilities | 6,564,310 | 6,863,128 | 6,353,423 | ||||
Provisions | 20 | 3,260,535 | 3,488,389 | 3,269,303 | |||
Direct employee benefits | 960,648 | 988,203 | 1,003,831 | ||||
Derivative financial instruments | 13 | 8,870 | 305 | 69,281 | |||
Advances from customers | 1,157,085 | 238,131 | 125,581 | ||||
Total current liabilities | 25,138,095 | 26,059,338 | 34,258,306 | ||||
Non-current liabilities: | |||||||
Long-term debt | 19 | 12,669,891 | 7,548,311 | - | |||
Deferred income taxes | 27 | 4,962,615 | 2,152,685 | 1,827,890 | |||
Other long-term liabilities | 1,772,204 | 1,555,929 | 1,486,303 | ||||
Employee retirement benefits | 21 | 168,758 | 397,486 | 391,543 | |||
Derivative financial instruments | 13 | - | 202,524 | 12,143 | |||
Total non-current liabilities | 19,573,468 | 11,856,935 | 3,717,879 | ||||
Total liabilities | 44,711,563 | 37,916,273 | 37,976,185 | ||||
Stockholders’ equity | 22 | ||||||
Capital stock | 2,534,812 | 2,534,882 | 2,530,929 | ||||
Net stock issuance premium | 2,392,896 | 2,392,896 | 879,092 | ||||
Retained earnings | 72,823,599 | 66,076,949 | 58,640,821 | ||||
Accumulated other comprehensive income | |
|
6,921,608 | 1,665,632 | 1,421,137 | ||
Controlling interest | 84,672,915 | 72,670,359 | 63,471,979 | ||||
Non-controlling interest | 8,504,718 | 8,261,298 | 8,108,185 | ||||
Total consolidated stockholders’ equity | 22 | 93,177,633 | 80,931,657 | 71,580,164 | |||
Total liabilities and stockholders’ equity | $ | 137,889,196 | $ | 118,847,930 | $ | 109,556,349 |
See accompanying notes to consolidated financial statements.