America Movil Sab De CV 6-K, filed Jul 15, 2022

About this 6-K

America Movil Sab De CV (AMX)

6-K 2022-07-15 For: 2022-07-13

View Original

Added on April 03, 2026

Date: July 14, 2022

AMÉRICA MÓVIL, S.A.B. DE C.V.

/s/ Carlos José García Moreno Elizondo

Carlos José García Moreno Elizondo

Chief Financial Officer

America Movil Sab De CV filed this 6-K on July 15, 2022.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


América Móvil Fundamentals

	2Q22		2Q21

Earnings per Share (Mex$) ⁽¹⁾		0.21		0.65

Earning per ADR (US$) ⁽²⁾		0.21		0.64

EBITDA per Share (Mex$) ⁽³⁾		1.29		1.20

EBITDA per ADR (US$)		1.29		1.20

Net Income (millions of Mex$)		13,683		42,815

Average Shares Outstanding (billion)		64.0		66.3

Shares Oustanding End of Period (billion)		63.9		66.1


América Móvil’s Subsidiaries as of June 2022

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%

Panama	Claro	wireless/wireline	100.0%

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	19.4%

Austria	Telekom Austria	wireless/wireline	51.0%


Wireless subscribers as of June 2022
Total⁽¹⁾ (Thousands)

Country	Jun ’22		Mar ’22		Var.%		Jun ’21		Var.%

Argentina, Paraguay and Uruguay		26,638		26,463		0.7%		25,541		4.3%

Austria		8,306		8,084		2.7%		7,484		11.0%

Brazil		85,735		71,804		19.4%		67,772		26.5%

Central America		16,976		16,763		1.3%		15,912		6.7%

Caribbean		7,222		7,143		1.1%		6,713		7.6%

Chile		7,228		7,136		1.3%		6,746		7.1%

Colombia		36,322		35,710		1.7%		33,844		7.3%

Eastern Europe		14,969		14,837		0.9%		14,841		0.9%

Ecuador		8,802		8,747		0.6%		8,308		6.0%

Mexico		81,364		80,990		0.5%		78,742		3.3%

Peru		12,202		12,066		1.1%		11,501		6.1%

Total Wireless Lines		305,764		289,743		5.5%		277,403		10.2%


Fixed-Line and Other Accesses (RGUs) as of June 2022
Total⁽¹⁾ (Thousands)

Country	Jun ’22		Mar ’22		Var.%		Jun ’21		Var.%

Argentina, Paraguay and Uruguay		2,417		2,183		10.7%		1,679		43.9%

Austria		2,995		3,019		-0.8%		3,096		-3.3%

Brazil⁽²⁾		24,699		24,991		-1.2%		25,930		-4.7%

Central America		4,552		4,480		1.6%		4,327		5.2%

Caribbean		2,673		2,639		1.3%		2,615		2.2%

Chile		1,284		1,317		-2.5%		1,372		-6.4%

Colombia		9,075		9,003		0.8%		8,673		4.6%

Eastern Europe		3,140		3,055		2.8%		2,975		5.5%

Ecuador		582		560		3.9%		493		18.0%

Mexico		21,256		21,361		-0.5%		21,536		-1.3%

Peru		1,962		1,931		1.6%		1,855		5.7%

Total RGUs		74,632		74,540		0.1%		74,551		0.1%


América Móvil’s Income Statement Proforma⁽¹⁾ Millions of Mexican pesos
	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Service Revenue		180,685		172,952		4.5%		357,998		344,570		3.9%

Equipment Revenue		34,631		35,543		-2.6%		66,473		68,351		-2.7%

Total Revenue⁽²⁾		217,392		210,397		3.3%		428,617		416,682		2.9%

Cost of Service		55,384		54,213		2.2%		111,332		108,655		2.5%

Cost of Equipment		30,042		30,168		-0.4%		57,587		58,388		-1.4%

Selling, General & Administrative Expenses		47,983		44,986		6.7%		93,858		89,332		5.1%

Others		1,305		1,533		-14.9%		2,018		2,927		-31.0%

Total Costs and Expenses		134,714		130,900		2.9%		264,795		259,302		2.1%



EBITDA		82,677		79,497		4.0%		163,821		157,380		4.1%

% of Total Revenue		38.0%		37.8%				38.2%		37.8%



Depreciation & Amortization		41,717		40,085		4.1%		83,021		80,426		3.2%

EBIT		40,961		39,412		3.9%		80,800		76,955		5.0%

% of Total Revenue		18.80%		18.70%				18.90%		18.50%



Net Interest Expenses		9,983		8,363		19.4%		18,978		17,105		11.0%

Other Financial Expenses		12,237		-4,447		375.2%		18,478		6,300		193.3%

Foreign Exchange Loss		-4,138		-21,076		80.4%		-26,712		-4,715		n.m.

Comprehensive Financing Cost (Income)		18,082		-17,160		205.4%		10,744		18,690		-42.5%

Income & Deferred Taxes		7,808		16,949		-53.9%		23,000		19,126		20.3%

Net Income before Minority Interest and Equity Participation in Results of Affiliates		15,071		39,623		-62.0%		47,056		39,139		20.2%

Equity Participation in Results of Affiliates		11		3		326.9%		-4		16		-126.6%

Minority Interest		-1,399		-1,291		-8.3%		-2,571		-2,235		-15.1%

Net Income from Continued Operations		13,683		38,334		-64.3%		44,481		36,921		20.5%

Net Income from Discontinued Operations (TracFone)		0		4,481		-100.0%		0		7,705		-100.0%

Net Income		13,683		42,815		-68.0%		44,481		44,625		-0.3%



Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

	Jun ‘22	Dec ‘21	Var.%		Jun ‘22	Dec ‘21	Var.%

Current Assets				Current Liabilities

Cash, Marketable Securities & Other Short Term Investments	150,756	156,383	-3.6%	Short Term Debt⁽¹⁾	126,465	145,223	-12.9%

Accounts Receivable	210,479	212,977	-1.2%	Lease-Related Debt	30,974	27,632	12.1%

Other Current Assets	19,189	10,611	80.8%	Accounts Payable	275,325	260,879	5.5%

Inventories	33,623	24,185	39.0%	Other Current Liabilities	111,684	100,279	11.4%

	414,047	404,157	2.4%		544,449	534,013	2.0%



Non Current Assets				Non Current Liabilities

Plant & Equipment, gross	1,469,046	1,408,997	4.3%	Long Term Debt	439,009	418,807	4.8%

-Depreciation	734,371	677,801	8.3%	Lease-Related Debt	72,294	71,022	1.8%

Plant & Equipment, net	734,675	731,197	0.5%	Other Liabilities	204,265	211,766	-3.5%

Rights of Use	93,862	90,372	3.9%		715,567	701,595	2.0%

Investments in Affiliates and Other Investments	9,756	9,947	-1.9%



Deferred Assets

Goodwill (Net)	141,645	136,578	3.7%

Intangible Assets	134,020	143,226	-6.4%	Shareholder’s Equity	446,404	454,042	-1.7%

Deferred Assets	178,415	174,173	2.4%



Total Assets	1,706,420	1,689,650	1.0%	Total Liabilities and Equity	1,706,420	1,689,650	1.0%


Income Statement Ecuador Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		256		252		1.4%		505		506		-0.1%

Total Service Revenue		225		224		0.4%		445		451		-1.4%

Wireless Revenue		228		225		1.2%		450		453		-0.6%

Service Revenue		198		198		0.2%		392		400		-1.9%

Equipment Revenue		30		27		9.0%		58		53		9.2%

Fixed Line Revenue		27		27		1.1%		55		52		4.3%

EBITDA		115		115		0.1%		229		224		2.2%

% total revenue		44.9%		45.5%				45.3%		44.4%

EBIT		64		60		6.6%		127		115		10.2%

% total revenue		25.0%		23.8%				25.1%		22.8%


Income Statement Chile Millions of ChP

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		187,224		194,423		-3.7%		387,238		394,515	-1.8%

Total Service Revenue		149,549		162,097		-7.7%		303,439		325,100	-6.7%

Wireless Revenue		115,803		119,074		-2.7%		242,854		243,699	-0.3%

Service Revenue		78,150		86,900		-10.1%		159,092		175,499	-9.3%

Equipment Revenue		37,652		32,174		17.0%		83,762		68,200	22.8%

Fixed Line Revenue		71,400		75,197		-5.0%		144,349		149,602	-3.5%

EBITDA		32,538		39,395		-17.4%		68,545		83,923	-18.3%

% total revenue		17.4%		20.3%				17.7%		21.3%

EBIT		-30,395		-20,801		-46.1%		-50,638		-29,359	-72.5%

% total revenue		-16.2%		-10.7%				-13.1%		-7.4%


Income Statement Argentina Millions of constant ARS of June 2022

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		54,314		58,601		-7.3%		111,643		117,953	-5.3%

Total Service Revenue		43,127		48,319		-10.7%		90,172		96,255	-6.3%

Wireless Revenue		48,086		51,820		-7.2%		98,601		104,977	-6.1%

Service Revenue		37,051		41,734		-11.2%		77,392		83,548	-7.4%

Equipment Revenue		11,034		10,086		9.4%		21,208		21,428	-1.0%

Fixed Line Revenue		6,076		6,585		-7.7%		12,780		12,706	0.6%

EBITDA		21,859		23,267		-6.0%		44,586		46,783	-4.7%

% total revenue		40.2%		39.7%				39.9%		39.7%

EBIT		17,645		18,366		-3.9%		35,758		36,645	-2.4%

% total revenue		32.5%		31.3%				32.0%		31.1%


Income Statement Central America Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		620		599		3.5%		1223		1179	3.7%

Total Service Revenue		529		519		1.9%		1054		1032	2.1%

Wireless Revenue		429		408		5.1%		837		797	5.1%

Service Revenue		350		338		3.5%		694		669	3.6%

Equipment Revenue		78		69		13.0%		144		127	12.8%

Fixed Line Revenue		186		187		-0.2%		375		374	0.2%

EBITDA		259		256		1.1%		516		495	4.3%

% total revenue		41.7%		42.7%				42.2%		42.0%

EBIT		117		115		1.8%		231		215	7.0%

% total revenue		19.0%		19.3%				18.9%		18.3%


Income Statement Caribbean Millions of Dollars

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		488		467		4.5%		961		919		4.5%

Total Service Revenue		429		405		5.9%		845		799		5.8%

Wireless Revenue		312		295		5.7%		618		581		6.3%

Service Revenue		252		235		7.1%		502		464		8.1%

Equipment Revenue		59		59		0.3%		116		117		-0.7%

Fixed Line Revenue		178		171		4.2%		348		339		2.6%

EBITDA		181		169		7.0%		360		333		8.4%

% total revenue		37.2%		36.3%				37.5%		36.2%

EBIT		94		84		11.9%		186		165		12.6%

% total revenue		19.3%		18.0%				19.3%		17.9%


Income Statement Austria Millions of Euros

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		676		666		1.5%		1,340		1,324		1.2%

Total Service Revenue		603		591		2.1%		1,191		1,172		1.7%

Wireless Revenue		302		291		3.7%		604		585		3.2%

Service Revenue		255		240		6.2%		504		477		5.8%

Equipment Revenue		47		51		-8.0%		99		108		-8.2%

Fixed Line Revenue		362		361		0.5%		709		713		-0.5%

EBITDA		258		249		3.7%		503		478		5.2%

% total revenue		38.2%		37.4%				37.5%		36.1%

Adjusted EBITDA⁽¹⁾		279		270		3.1%		544		520		4.7%

% total revenue		41.2%		40.5%				40.6%		39.3%

EBIT		123		109		12.6%		229		203		12.9%

% total revenue		18.2%		16.4%				17.1%		15.4%


Income Statement Other European Millions of Euros

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		544		507		7.3%		1,052		991		6.2%

Total Service Revenue		432		392		10.2%		837		772		8.3%

Wireless Revenue		417		395		5.7%		806		770		4.6%

Service Revenue		322		294		9.6%		621		577		7.6%

Equipment Revenue		95		101		-5.7%		185		193		-4.3%

Fixed Line Revenue		115		103		11.6%		226		204		10.7%

EBITDA		211		191		10.3%		409		373		9.6%

% total revenue		38.7%		37.7%				38.9%		37.7%

EBIT		110		93		18.5%		211		176		19.4%

% total revenue		20.2%		18.3%				20.0%		17.8%


Exchange Rates Local Currency Units per MxP

	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Euro

End of Period		0.0477		0.0426		12.1%		0.0477		0.0426		12.1%

Average		0.0468		0.0414		13.1%		0.0451		0.0411		9.6%

U.S.

End of Period		0.05		0.0505		-0.9%		0.05		0.0505		-0.9%

Average		0.0499		0.0499		0.0%		0.0493		0.0496		-0.5%

Brazilean Real

End of Period		0.2621		0.2526		3.8%		0.2621		0.2526		3.8%

Average		0.2453		0.2645		-7.2%		0.2503		0.2669		-6.2%

Argentinean Peso

End of Period		6.2663		4.8337		29.6%		6.2663		4.8337		29.6%

Average		5.8822		4.6912		25.4%		5.5335		4.525		22.3%

Chilean Peso

End of Period		46.6397		36.7505		26.9%		46.6397		36.7505		26.9%

Average		41.9412		35.7278		17.4%		40.674		35.6841		14.0%

Colombian Peso

End of Period		206.5315		189.7049		8.9%		206.5315		189.7049		8.9%

Average		195.2361		184.1971		6.0%		192.9216		179.5143		7.5%

Guatemalan Quetzal

End of Period		0.3881		0.3911		-0.8%		0.3881		0.3911		-0.8%

Average		0.3837		0.3853		-0.4%		0.3794		0.3835		-1.1%

Peruvian Sol

End of Period		0.1916		0.1952		-1.8%		0.1916		0.1952		-1.8%

Average		0.1872		0.1895		-1.2%		0.1864		0.1849		0.8%

Dominican Republic Peso

End of Period		2.7541		2.889		-4.7%		2.7541		2.889		-4.7%

Average		2.7555		2.8519		-3.4%		2.7585		2.8536		-3.3%


Financial Debt of América Móvil⁽¹⁾ Millions

	Jun-22		Dec-21

Peso - denominated debt (MxP)		104,948		85,737

Bonds⁽²⁾		51,809		51,657

Banks and others		53,139		34,080

U.S. Dollar - denominated debt (USD)		9,451		8,466

Bonds		8,746		7,751

Banks and others		705		715

Euro - denominated Debt (EUR)		7,739		8,497

Bonds		6,639		7,697

Commercial Paper		0		0

Banks and others		1,100		800

Sterling - denominated Debt (GBP)		2,200		2,200

Bonds		2,200		2,200

Reais - denominated Debt (BRL)		9,391		5,500

Bonds		7,750		5,500

Banks and others		1,641		0

Debt denominated in other currencies⁽³⁾ (MxP)		20,119		23,384

Bonds		5,461		6,102

Banks and others		14,658		17,282

Total Debt (MxP)		565,474		564,030

Cash, Marketable Securities and Short Term Financial Investments (MxP)⁽⁴⁾		157,480		163,278

Net Debt (MxP)		407,993		400,752



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		76,844		75,291		2.1%		149,203		146,757		1.7%

Total Service Revenue		58,490		55,743		4.9%		115,758		110,261		5.0%

Total Equipment Revenue		16,934		18,579		-8.9%		30,740		34,566		-11.1%

Wireless Revenue		56,835		55,223		2.9%		109,357		106,561		2.6%

Service Revenue		39,990		36,760		8.8%		78,823		72,239		9.1%

Equipment Revenue		16,845		18,464		-8.8%		30,534		34,322		-11.0%

Fixed Line Revenue		18,589		19,098		-2.7%		37,141		38,267		-2.9%

Service Revenue		18,500		18,984		-2.5%		36,935		38,022		-2.9%

Equipment Revenue		89		115		-22.5%		206		244		-15.5%

EBITDA		30,978		29,450		5.2%		61,283		58,209		5.3%

% total revenue		40.3%		39.1%				41.1%		39.7%

EBIT		22,986		21,727		5.8%		45,378		42,784		6.1%

% total revenue		29.9%		28.9%				30.4%		29.2%



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		10,509		9,755		7.7%		20,540		19,529		5.2%

Total Service Revenue		10,179		9,427		8.0%		19,884		18,907		5.2%

Wireless Revenue		5,560		4,685		18.7%		10,596		9,249		14.6%

Service Revenue		5,253		4,375		20.1%		9,983		8,665		15.2%

Equipment Revenue		307		310		-0.8%		613		584		4.9%

Fixed Line Revenue		4,926		5,052		-2.5%		9,901		10,242		-3.3%

EBITDA		4,261		3,916		8.8%		8,280		7,821		5.9%

% total revenue		40.5%		40.1%				40.3%		40.0%

EBIT		1,473		1,383		6.6%		2,807		2,638		6.4%

% total revenue		14.0%		14.2%				13.7%		13.5%



	2Q22			2Q21			Var.%			Jan-Jun 22			Jan-Jun21			Var.%

Total Revenue⁽¹⁾		3,687			3,573			3.2	%		7,425			7,122			4.3	%

Total Service Revenue		2,836			2,785			1.8	%		5,666			5,579			1.6	%

Wireless Revenue		2,497			2,368			5.4	%		5,039			4,734			6.5	%

Service Revenue		1,699			1,662			2.3	%		3,387			3,352			1.1	%

Equipment Revenue		797			707			12.8	%		1,653			1,382			19.5	%

Fixed Line Revenue		1,162			1,152			0.9	%		2,332			2,285			2.1	%

EBITDA		1,549			1,529			1.3	%		3,155			3,062			3.0	%

% total revenue		42.0	%		42.8	%					42.5	%		43.0	%

EBIT		895			910			-1.6	%		1865			1,820			2.5	%

% total revenue		24.3	%		25.5	%					25.1	%		25.6	%



	2Q22		2Q21		Var.%		Jan-Jun 22		Jan-Jun 21		Var.%

Total Revenue⁽¹⁾		1,599		1,493		7.1%		3,195		2,936		8.8%

Total Service Revenue		1,156		1,088		6.3%		2,294		2,134		7.5%

Wireless Revenue		1,299		1,201		8.1%		2,601		2,368		9.8%

Service Revenue		864		804		7.5%		1,714		1,579		8.6%

Equipment Revenue		435		398		9.4%		887		789		12.4%

Fixed Line Revenue		292		284		2.9%		580		555		4.5%

EBITDA		514		575		-10.6%		1,026		1,121		-8.4%

% total revenue		32.2%		38.5%				32.1%		38.2%

EBIT		219		286		-23.5%		432		552		-21.7%

% total revenue		13.7%		19.2%				13.5%		18.8%


Summary Cash Flow Millions of Mexican pesos

	Jan-Jun 22		Jan-Jun 21

Funds from Operations		67,136		117,158

Capital Expenditures		65,578		57,392

Free Cash Flow*		294		58,619

Dividends and Share Buybacks		13,144		11,170

Sale of Ownership Interest		19,590		3

Net Debt Amortizations		-43,835		36,866

Amortization of Labor Obligations		11,617		5,560

Other		-222		5,020


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 leases.

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 difference 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.