America Movil Sab De CV 6-K, filed Oct 21, 2022

America Movil Sab De CV (AMX)

6-K 2022-10-21 For: 2022-10-20

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Added on April 03, 2026

About this 6-K

America Movil Sab De CV filed this 6-K on October 21, 2022.

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	3Q22		3Q21
Earnings per Share (Mex$) ⁽¹⁾		0.28		0.24
Earning per ADR (US$) ⁽²⁾		0.28		0.24
EBITDA per Share (Mex$) ⁽³⁾		1.31		1.24
EBITDA per ADR (US$)		1.29		1.24
Net Income (millions of Mex$)		17,969		15,811
Average Shares Outstanding (billion)		63.8		65.8
Shares Oustanding End of Period (billion)		63.6		65.50


Country	Brand	Business	Equity
Mexico	Telcel	wireless		100.0	%
	Telmex	wireline		98.8	%
	Sección Amarilla	other		100.0	%
	Telvista	other		90.0	%
Argentina	Claro	wireless		100.0	%
	Telmex	wireline		100.0	%
Brazil	Claro	wireless/wireline		99.6	%
Chile	Claro	wireless		100.0	%
	Telmex	wireline		100.0	%
Colombia	Claro	wireless/wireline		99.4	%
Costa Rica	Claro	wireless		100.0	%
Dominicana	Claro	wireless/wireline		100.0	%
Ecuador	Claro	wireless/wireline		100.0	%
El Salvador	Claro	wireless/wireline		95.8	%
Guatemala	Claro	wireless/wireline		99.3	%
Honduras	Claro	wireless/wireline		100.0	%
Nicaragua	Claro	wireless/wireline		99.6	%
Paraguay	Claro	wireless/wireline		100.0	%
Peru	Claro	wireless/wireline		100.0	%
Puerto Rico	Claro	wireless/wireline		100.0	%
Uruguay	Claro	wireless/wireline		100.0	%
Netherlands	KPN	wireless/wireline		17.9	%
Austria	Telekom Austria	wireless/wireline		51.0	%


Total⁽¹⁾ (Thousands)
Country	Sep ’22		Jun ’22		Var.%			Sep ’21		Var.%
Argentina, Paraguay and Uruguay		26,789		26,638		0.6	%		25,949		3.2	%
Austria		8,651		8,306		4.2	%		7,638		13.3	%
Brazil		86,629		85,735		1.0	%		69,213		25.2	%
Central America		16,381		16,189		1.2	%		15,392		6.4	%
Caribbean		7,276		7,222		0.7	%		6,876		5.8	%
Chile		7,188		7,228		-0.6	%		6,818		5.4	%
Colombia		36,844		36,322		1.4	%		34,356		7.2	%
Eastern Europe		15,125		14,969		1.0	%		15,094		0.2	%
Ecuador		8,900		8,802		1.1	%		8,547		4.1	%
Mexico		81,808		81,364		0.5	%		79,315		3.1	%
Peru		12,256		12,202		0.4	%		11,810		3.8	%

Total Wireless Lines		307,847		304,977		0.9	%		281,006		9.6	%


Total⁽¹⁾ (Thousands)
Country	Sep ’22		Jun ’22		Var.%			Sep ’21		Var.%
Argentina, Paraguay and Uruguay		2,676		2,417		10.7	%		1,860		43.8	%
Austria		2,971		2,995		-0.8	%		3,074		-3.4	%
Brazil⁽²⁾		24,302		24,699		-1.6	%		25,604		-5.1	%
Central America		4,579		4,514		1.4	%		4,343		5.4	%
Caribbean		2,695		2,673		0.8	%		2,630		2.5	%
Chile		1,233		1,284		-4.0	%		1,345		-8.4	%
Colombia		9,184		9,075		1.2	%		8,789		4.5	%
Eastern Europe		3,183		3,140		1.4	%		2,979		6.9	%
Ecuador		607		582		4.3	%		512		18.4	%
Mexico		21,121		21,256		-0.6	%		21,546		-2.0	%
Peru		1,993		1,962		1.6	%		1,886		5.7	%

Total RGUs		74,543		74,594		-0.1	%		74,569		0.0	%


	3Q22			3Q21			Var.%			Jan-Sep 22			Jan-Sep 21			Var.%
Service Revenue		179,716			174,514			3.0	%		536,518			517,744			3.6	%
Equipment Revenue		32,495			34,351			-5.4	%		98,761			102,509			-3.7	%

Total Revenue⁽²⁾		214,466			210,771			1.8	%		641,666			625,908			2.5	%
Cost of Service		56,080			54,963			2.0	%		166,974			163,133			2.4	%
Cost of Equipment		28,317			29,554			-4.2	%		85,695			87,760			-2.4	%
Selling, General & Administrative Expenses		45,685			43,974			3.9	%		139,066			132,719			4.8	%
Others		1,172			933			25.6	%		3,187			3,859			-17.4	%

Total Costs and Expenses		131,254			129,425			1.4	%		394,922			387,470			1.9	%
EBITDA		83,212			81,346			2.3	%		246,745			238,437			3.5	%
% of Total Revenue		38.8	%		38.6	%					38.5	%		38.1	%
Depreciation & Amortization		39,641			39,945			-0.8	%		122,387			119,863			2.1	%
EBIT		43,571			41,401			5.2	%		124,358			118,574			4.9	%
% of Total Revenue		20.3	%		19.6	%					19.4	%		18.9	%
Net Interest Expenses		9,367			7,270			28.8	%		28,306			24,329			16.3	%
Other Financial Expenses		5,239			6,156			-14.9	%		23,717			12,456			90.4	%
Foreign Exchange Loss		1,863			11,607			-83.9	%		-24,849			6,891			n.m.
Comprehensive Financing Cost (Income)		16,469			25,033			-34.2	%		27,174			43,676			-37.8	%
Income & Deferred Taxes		10,852			3,756			188.9	%		33,852			22,876			48.0	%

Net Income before Minority Interest and Equity Participation in Results of Affiliates		16,250			12,612			28.8	%		63,332			52,022			21.7	%
Equity Participation in Results of Affiliates		52			103			-49.0	%		48			119			-59.5	%
Minority Interest		-1,738			-1,771			1.9	%		-4,309			-4,005			-7.6	%

Net Income from Continued Operations		14,564			10,944			33.1	%		59,071			48,135			22.7	%

Net Income from Discontinued Operations (TracFone)		3,405			4,867			-30.0	%		3,379			12,301			-72.5	%

Net Income		17,969			15,811			13.7	%		62,450			60,437			3.3	%


	Sep ‘22		Dec ‘21		Var.%				Sep ‘22		Dec ‘21		Var.%
Current Assets								Current Liabilities
Cash, Marketable Securities & Other Short Term Investments		112,845		156,383		-27.8	%	Short Term Debt⁽²⁾		144,073		145,223		-0.8	%
Accounts Receivable		214,683		212,977		0.8	%	Lease-Related Debt		33,969		27,632		22.9	%
Other Current Assets		17,232		10,611		62.4	%	Accounts Payable		234,931		260,879		-9.9	%
Inventories		31,822		24,185		31.6	%	Other Current Liabilities		130,024		100,279		29.7	%

		376,582		404,157		-6.8	%			542,998		534,013		1.7	%
Non Current Assets								Non Current Liabilities
Plant & Equipment, gross		1,351,620		1,408,997		-4.1	%	Long Term Debt		380,430		418,807		-9.2	%
-Depreciation		687,224		677,801		1.4	%	Lease-Related Debt		100,214		71,022		41.1	%

Plant & Equipment, net		664,397		731,197		-9.1	%	Other Liabilities		175,106		211,766		-17.3	%

Rights of Use		121,945		90,372		34.9	%			655,749		701,595		-6.5	%
Investments in Affiliates and Other Investments		9,975		9,947		0.3	%
Deferred Assets
Goodwill (Net)		143,330		136,578		4.9	%
Intangible Assets		131,646		143,226		-8.1	%	Shareholder’s Equity		431,556		454,042		-5.0	%
Deferred Assets		182,428		174,173		4.7	%

Total Assets		1,630,304		1,689,650		-3.5	%	Total Liabilities and Equity		1,630,304		1,689,650		-3.5	%


	Sep-22		Dec-21
Peso - denominated debt (MxP)		100,214		85,737
Bonds⁽²⁾		51,934		51,657
Banks and others		48,280		34,080
U.S. Dollar - denominated debt (USD)		8,521		8,466
Bonds		8,496		7,751
Banks and others		25		715
Euro - denominated Debt (EUR)		7,320		8,497
Bonds		6,150		7,697
Commercial Paper		50		0
Banks and others		1,120		800
Sterling - denominated Debt (GBP)		2,200		2,200
Bonds		2,200		2,200
Reais - denominated Debt (BRL)		9,891		5,500
Bonds		8,250		5,500
Banks and others		1,641		0
Debt denominated in other currencies⁽³⁾ (MxP)		18,515		23,384
Bonds		5,446		6,102
Banks and others		13,069		17,282

Total Debt (MxP)		524,503		564,030
Cash, Marketable Securities and Short Term Financial Investments⁽⁴⁾ (MxP)		119,678		163,278

Net Debt (MxP)		404,825		400,752


	Jan-Sep 22		Jan-Sep 21
Funds from Operations		115,276		185,723
Capital Expenditures		105,271		91,536

Free Cash Flow⁽¹⁾		8,521		92,616
Dividends and Share Buybacks		45,746		34,791
Sale of Ownership Interest⁽²⁾		-33,459		-1,141
Net Debt Amortizations⁽²⁾		-24,993		37,600
Amortization of Labor Obligations		19,970		14,540
Other		1,257		6,828


AMERICA MOVIL, S.A.B. DE C.V.		Consolidated
Ticker: AMX		Quarter: 3 Year: 2022


Concept	Close Current Quarter 2022-09-30		Close Previous Exercise 2021-12-31
Statement of financial position [abstract]
Assets [abstract]
Current assets [abstract]
Cash and cash equivalents		27,678,829,000		38,679,891,000
Trade and other current receivables		165,035,264,000		160,271,044,000
Current tax assets, current		47,415,550,000		43,734,164,000
Other current financial assets		89,002,254,000		127,834,008,000
Current inventories		31,821,865,000		24,185,310,000
Current biological assets		0		0
Other current non-financial assets		15,628,480,000		9,452,252,000
Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners		376,582,242,000		404,156,669,000
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners		0		0

Total current assets		376,582,242,000		404,156,669,000

Non-current assets [abstract]
Trade and other non-current receivables		7,812,599,000		6,928,888,000
Current tax assets, non-current		11,843,137,000		11,792,731,000
Non-current inventories		0		0
Non-current biological assets		0		0
Other non-current financial assets		6,833,188,000		6,894,757,000
Investments accounted for using equity method		0		0
Investments in subsidiaries, joint ventures and associates		3,142,178,000		3,052,481,000
Property, plant and equipment		664,396,511,000		731,196,679,000
Investment property		0		0
Right-of-use assets that do not meet definition of investment property		121,944,582,000		90,372,393,000
Goodwill		143,330,328,000		136,578,194,000
Intangible assets other than goodwill		131,646,378,000		143,225,764,000
Deferred tax assets		133,125,491,000		127,287,934,000
Other non-current non-financial assets		29,646,934,000		28,163,359,000

Total non-current assets		1,253,721,326,000		1,285,493,180,000

Total assets		1,630,303,568,000		1,689,649,849,000

Equity and liabilities [abstract]
Liabilities [abstract]
Current liabilities [abstract]
Trade and other current payables		207,482,416,000		237,206,440,000
Current tax liabilities, current		61,160,714,000		59,525,325,000
Other current financial liabilities		178,271,412,000		155,257,180,000
Current lease liabilities		33,969,414,000		27,632,357,000
Other current non-financial liabilities		0		0
Current provisions [abstract]
Current provisions for employee benefits		23,349,552,000		16,858,343,000
Other current provisions		38,764,266,000		37,533,121,000
Total current provisions		62,113,818,000		54,391,464,000
Total current liabilities other than liabilities included in disposal groups classified as held for sale		542,997,774,000		534,012,766,000
Liabilities included in disposal groups classified as held for sale		0		0

Total current liabilities		542,997,774,000		534,012,766,000

Non-current liabilities [abstract]
Trade and other non-current payables		2,593,022,000		2,698,276,000
Current tax liabilities, non-current		0		0


Concept	Accumulated Current Year 2022-01-01 - 2022-09-30		Accumulated Previous Year 2021-01-01 - 2021-09-30		Quarter Current Year 2022-07-01 - 2022-09-30		Quarter Previous Year 2021-07-01 - 2021-09-30
Profit or loss [abstract]
Profit (loss) [abstract]
Revenue		641,666,233,000		625,907,639,000		214,466,279,000		210,770,583,000
Cost of sales		375,055,641,000		370,755,974,000		124,038,171,000		124,462,566,000
Gross profit		266,610,592,000		255,151,665,000		90,428,108,000		86,308,017,000
Distribution costs		92,939,167,000		88,981,968,000		31,191,924,000		29,717,863,000
Administrative expenses		46,126,820,000		43,736,756,000		14,492,902,000		14,255,875,000
Other income		0		0		0		0
Other expense		3,186,901,000		3,858,842,000		1,172,300,000		933,204,000
Profit (loss) from operating activities		124,357,704,000		118,574,099,000		43,570,982,000		41,401,075,000
Finance income		37,928,690,000		2,789,506,000		7,073,736,000		1,246,694,000
Finance costs		65,102,551,000		46,465,063,000		23,542,956,000		26,279,698,000
Share of profit (loss) of associates and joint ventures accounted for using equity method		48,014,000		118,674,000		52,303,000		102,551,000
Profit (loss) before tax		97,231,857,000		75,017,216,000		27,154,065,000		16,470,622,000
Tax income (expense)		33,851,832,000		22,876,408,000		10,852,082,000		3,755,909,000
Profit (loss) from continuing operations		63,380,025,000		52,140,808,000		16,301,983,000		12,714,713,000
Profit (loss) from discontinued operations		3,378,869,000		12,301,354,000		3,405,014,000		4,866,761,000
Profit (loss)		66,758,894,000		64,442,162,000		19,706,997,000		17,581,474,000
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent		62,449,704,000		60,436,753,000		17,969,166,000		15,810,799,000
Profit (loss), attributable to non-controlling interests		4,309,190,000		4,005,409,000		1,737,831,000		1,770,675,000
Earnings per share [text block]
Earnings per share [abstract]
Earnings per share [line items]
Basic earnings per share [abstract]
Basic earnings (loss) per share from continuing operations		0.92		0.72		0.23		0.17
Basic earnings (loss) per share from discontinued operations		0.05		0.18		0.05		0.07
Total basic earnings (loss) per share		0.97		0.9		0.28		0.24
Diluted earnings per share [abstract]
Diluted earnings (loss) per share from continuing operations		0.92		0.72		0.23		0.17
Diluted earnings (loss) per share from discontinued operations		0.05		0.18		0.05		0.07
Total diluted earnings (loss) per share		0.97		0.9		0.28		0.24


Concept	Accumulated Current Year 2022-01-01 - 2022-09-30			Accumulated Previous Year 2021-01-01 - 2021-09-30
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Profit (loss)		66,758,894,000			64,442,162,000
Adjustments to reconcile profit (loss) [abstract]
+ Discontinued operations		(2,808,752,000	)		896,391,000
+ Adjustments for income tax expense		33,851,832,000			22,876,408,000
+ (-) Adjustments for finance costs		15,016,511,000			32,373,967,000
+ Adjustments for depreciation and amortisation expense		122,386,951,000			119,863,151,000
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss		0			0
+ Adjustments for provisions		14,497,642,000			16,037,279,000
+ (-) Adjustments for unrealised foreign exchange losses (gains)		0			0
+ Adjustments for share-based payments		0			0
+ (-) Adjustments for fair value losses (gains)		0			0
- Adjustments for undistributed profits of associates		0			0
+ (-) Adjustments for losses (gains) on disposal of non-current assets		330,915,000			566,035,000
		(48,014,000	)		(118,674,000	)
+ (-) Adjustments for decrease (increase) in inventories		(8,624,834,000	)		(1,647,223,000	)
+ (-) Adjustments for decrease (increase) in trade accounts receivable		(16,641,490,000	)		(2,330,062,000	)
+ (-) Adjustments for decrease (increase) in other operating receivables		(8,288,310,000	)		(10,417,083,000	)
+ (-) Adjustments for increase (decrease) in trade accounts payable		(10,006,014,000	)		2,052,478,000
+ (-) Adjustments for increase (decrease) in other operating payables		(20,312,183,000	)		(17,939,314,000	)
+ Other adjustments for non-cash items		0			0
+ Other adjustments for which cash effects are investing or financing cash flow		0			0
+ Straight-line rent adjustment		0			0
+ Amortization of lease fees		0			0
+ Setting property values		0			0
+ (-) Other adjustments to reconcile profit (loss)		0			0
+ (-) Total adjustments to reconcile profit (loss)		119,354,254,000			162,213,353,000
Net cash flows from (used in) operations		186,113,148,000			226,655,515,000
- Dividends paid		0			0
		0			0
- Interest paid		0			0
+ Interest received		2,749,169,000			1,835,271,000
+ (-) Income taxes refund (paid)		39,490,141,000			26,544,350,000
+ (-) Other inflows (outflows) of cash		0			0
Net cash flows from (used in) operating activities		149,372,176,000			201,946,436,000
Cash flows from (used in) investing activities [abstract]
+ Cash flows from losing control of subsidiaries or other businesses		4,282,383,000			822,000,000
- Cash flows used in obtaining control of subsidiaries or other businesses		17,368,908,000			0
+ Other cash receipts from sales of equity or debt instruments of other entities		0			0
- Other cash payments to acquire equity or debt instruments of other entities		0			0
+ Other cash receipts from sales of interests in joint ventures		2,829,000			325,199,000
- Other cash payments to acquire interests in joint ventures		0			0
+ Proceeds from sales of property, plant and equipment		207,731,000			171,994,000
- Purchase of property, plant and equipment		103,313,027,000			84,465,790,000
+ Proceeds from sales of intangible assets		0			0
- Purchase of intangible assets		1,738,197,000			5,991,969,000
+ Proceeds from sales of other long-term assets		0			0
- Purchase of other long-term assets		0			0


ARPU		Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.

Capex		Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn		Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT		Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin		The ratio of EBIT to total operating revenue.

EBITDA		Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBITDAaL		Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.

EBITDA margin		The ratio of EBITDA to total operating revenue.

EPS (Mexican pesos)		Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$)		Total earnings in U.S. dollars divided by total ADRs equivalent.

Gross additions		Total number of subscribers acquired during the period.

Licensed pops		Licensed population. Population covered by the licenses that each of the companies manage.

LTE		Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.

Market share		A company’s subscribers base divided by the total number of subscribers in that country.

MBOU		Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions		The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections

Net debt		Total short and long term debt minus cash and marketable securities.

Net debt/EBITDA		The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

Prepaid		Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.

Postpaid		Subscriber that has a contract for the use of voice and data.

SMS		Short Message Service.

SAC		Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenue.

Wireless penetration		The ratio of total wireless subscribers in any given country divided by the total population in that country.


AMÉRICA MÓVIL, S.A.B. DE C.V.

By:		/s/ Carlos José Garcia Moreno Elizondo
Name: Carlos José Garcia Moreno Elizondo
Title: Chief Financial Officer


	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue⁽¹⁾		76,215		73,918		3.1%		225,418		220,675		2.1%
Total Service Revenue		60,064		56,402		6.5%		175,823		166,663		5.5%
Total Equipment Revenue		14,733		16,584		-11.2%		45,473		51,150		-11.1%
Wireless Revenue		55,659		53,891		3.3%		165,017		160,452		2.8%
Service Revenue		41,042		37,429		9.7%		119,865		109,667		9.3%
Equipment Revenue		14,618		16,462		-11.2%		45,152		50,784		-11.1%
Fixed Line Revenue		19,138		19,095		0.2%		56,280		57,361		-1.9%
Service Revenue		19,023		18,973		0.3%		55,958		56,996		-1.8%
Equipment Revenue		116		121		-4.9%		322		366		-12.0%
EBITDA		31,250		29,961		4.3%		92,533		88,169		4.9%
% total revenue		41.0%		40.5%				41.0%		40.0%
EBIT		23,165		22,203		4.3%		68,543		64,987		5.5%
% total revenue		30.4%		30.0%				30.4%		29.4%


	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue⁽¹⁾		10,803		9,833		9.9%		31,343		29,362		6.7%
Total Service Revenue		10,387		9,531		9.0%		30,270		28,439		6.4%
Wireless Revenue		5,890		4,755		23.9%		16,486		14,005		17.7%
Service Revenue		5,499		4,488		22.5%		15,482		13,153		17.7%
Equipment Revenue		392		267		46.4%		1,004		852		17.9%
Fixed Line Revenue		4,888		5,046		-3.1%		14,789		15,289		-3.3%
EBITDA		4,375		3,950		10.8%		12,656		11,771		7.5%
% total revenue		40.5%		40.2%				40.4%		40.1%
EBIT		1,764		1,482		19.0%		4,571		4,120		11.0%
% total revenue		16.3%		15.1%				14.6%		14.0%


	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue⁽¹⁾		3,690		3,649		1.1%		11,115		10,771		3.2%
Total Service Revenue		2,866		2,809		2.0%		8,532		8,387		1.7%
Wireless Revenue		2,494		2,447		1.9%		7,534		7,181		4.9%
Service Revenue		1,726		1,675		3.0%		5,112		5,027		1.7%
Equipment Revenue		769		772		-0.4%		2,421		2,154		12.4%
Fixed Line Revenue		1,168		1,160		0.7%		3,500		3,445		1.6%
EBITDA		1,580		1,575		0.3%		4,735		4,637		2.1%
% total revenue		42.8%		43.2%				42.6%		43.0%
EBIT		905		952		-5.0%		2,770		2,772		-0.1%
% total revenue		24.5%		26.1%				24.9%		25.7%


	3Q22			3Q21			Var.%			Jan-Sep 22			Jan-Sep 21			Var.%
Total Revenue⁽¹⁾		1,584			1,567			1.1	%		4,780			4,503			6.1	%
Total Service Revenue		1,188			1,138			4.4	%		3,482			3,271			6.4	%
Wireless Revenue		1,279			1,268			0.9	%		3,880			3,636			6.7	%
Service Revenue		891			844			5.5	%		2,605			2,423			7.5	%
Equipment Revenue		388			424			-8.3	%		1,275			1,213			5.1	%
Fixed Line Revenue		297			294			1.3	%		877			849			3.4	%
EBITDA		575			580			-0.9	%		1,601			1,701			-5.9	%
% total revenue		36.3	%		37.0	%					33.5	%		37.8	%
EBIT		278			276			0.9	%		711			828			-14.2	%
% total revenue		17.6	%		17.6	%					14.9	%		18.4	%