| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Income before income taxes | ||||||
2,434 | ||||||
Adjustments for: | ||||||
Non-cash operating expenses | ||||||
159 | ||||||
Non-cash non operating (income) expenses | ||||||
1,315 | ||||||
Depreciation | ||||||
795 | ||||||
Amortization | ||||||
104 | ||||||
Gain on sale of long-lived assets | ||||||
11 | ||||||
(Gain) loss on sale of shares (see Note 19) | ||||||
1,533 | ||||||
Disposal of long-lived assets | ||||||
23 | ||||||
Impairment of long-lived assets | ||||||
105 | ||||||
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes | ||||||
403 | ||||||
Interest income | ||||||
80 | ||||||
Interest expense | ||||||
566 | ||||||
Foreign exchange (gain) loss, net | ||||||
-252 | ||||||
Monetary position (gain) loss, net | ||||||
81 | ||||||
Market value loss (gain) on financial instruments | ||||||
10 | ||||||
Cash flow from operating activities before changes in operating accounts | ||||||
3,151 | ||||||
Accounts receivable and other current assets | ||||||
-578 | ||||||
Other current financial assets | ||||||
99 | ||||||
Inventories | ||||||
-133 | ||||||
Derivative financial instruments | ||||||
-1 | ||||||
Suppliers and other accounts payable | ||||||
376 | ||||||
Other long-term liabilities | ||||||
16 | ||||||
Other current financial liabilities | ||||||
100 | ||||||
Employee benefits paid | ||||||
32 | ||||||
Cash flow from operations | ||||||
3,000 | ||||||
Income taxes paid | ||||||
957 | ||||||
Cash flow from operating activities | ||||||
2,084 | ||||||
Cash flows from investing activities: | ||||||
Increase in cash by acquisition of Coca-Cola FEMSA Philippines, Inc. (see Note 4) | ||||||
204 | ||||||
Deconsolidation in Coca-Cola FEMSA Venezuela | ||||||
-9 | ||||||
Other investments in associates and joint ventures | ||||||
45 | ||||||
Partial disposal of investment in Heineken Group | ||||||
2,586 | ||||||
Purchase of investments | ||||||
103 | ||||||
Interest received | ||||||
80 | ||||||
Derivative financial instruments | ||||||
2 | ||||||
Dividends received from associates and joint ventures | ||||||
167 | ||||||
Property, plant and equipment acquisitions | ||||||
1,061 | ||||||
Proceeds from the sale of property, plant and equipment | ||||||
25 | ||||||
Acquisition of intangible assets | ||||||
170 | ||||||
Investment in other assets | ||||||
62 | ||||||
Collections of other assets | ||||||
-1 | ||||||
Investment in other financial assets | ||||||
9 | ||||||
Net cash generated by (used in) investing activities | ||||||
1,600 | ||||||
Cash flows from financing activities: | ||||||
Proceeds from borrowings | ||||||
692 | ||||||
Payments of bank loans | ||||||
923 | ||||||
Interest paid | ||||||
335 | ||||||
Derivative financial instruments | ||||||
80 | ||||||
Dividends paid | ||||||
634 | ||||||
Acquisition of non-controlling interest | ||||||
16 | ||||||
Other financing activities | ||||||
-9 | ||||||
Financing from Vonpar's acquisition | ||||||
208 | ||||||
Net cash generated by (used in) financing activities | ||||||
-1,097 | ||||||
Increase (decrease) in cash and cash equivalents | ||||||
2,546 | ||||||
Effects of exchange rate changes and inflation effects on cash and cash equivalents held in foreign currencies | ||||||
168 | ||||||