AMERICA MOVIL SAB DE CV/ | CIK:0001129137 |

Filed: 4/26/2018

Entity registrant name: AMERICA MOVIL SAB DE CV/ (CIK: 0001129137)

Generator: Donnelley Financial Solutions

SEC filing page: http://www.sec.gov/Archives/edgar/data/1129137/000119312518135124/0001193125-18-135124-index.htm

XBRL Instance: http://www.sec.gov/Archives/edgar/data/1129137/000119312518135124/amx-20171231.xml

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22. Segments

América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, United States, Honduras, Chile, Peru, Paraguay, Uruguay, Dominican Republic, Puerto Rico, Panama, Austria, Croatia, Bulgaria, Belarus, Macedonian, Serbia and Slovenia. The accounting policies for the segments are the same as those described in Note 2.

The Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), analyzes the financial and operating information by operating segment. All operating segments that (i) represent more than 10% of consolidated revenues, (ii) more than the absolute amount of its reported 10% of profits or loss or (iii) more than 10% of consolidated assets, are presented separately.

The Company presents the following reportable segments for the purposes of its consolidated financial statements: Mexico (includes Telcel and Corporate operations and Assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Chile, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central-America (which aggregates the operating segments of Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and Panama), U.S.A. (excludes Puerto Rico), Caribbean (which aggregates the operating segments of Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia).

The Company considers that the quantitative and qualitative aspects of any aggregated operating segments (that is, Central America and Caribbean reportable segments) are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) the similarity of key financial statement measures and trends, (ii) all entities provide telecommunications services, (iii) similarities of customer base and services, (iv) the methods to distribute services are the same, based on telephone plant in both cases, wireless and fixed lines, (v) similarities of governments and regulatory entities that oversee the activities and services of telecom companies, (vi) inflation trends, and (vii) currency trends.

 

		Mexico				Telmex				Brazil				Southern Cone				Colombia				Andean				Central America				U.S.A.				Caribbean				Europe				Eliminations				Consolidated total
At December 31 2015 (in Ps.):
External revenues			191,750,997				93,657,944				174,722,286				68,520,541				65,871,301				51,738,731				34,515,781				110,653,812				29,625,274				72,681,072				—				893,737,739
Intersegment revenues			13,073,782				7,420,418				3,451,846				427,609				265,474				220,094				235,779				—				32,699				—				(25,127,701	)			—
Total revenues			204,824,779				101,078,362				178,174,132				68,948,150				66,136,775				51,958,825				34,751,560				110,653,812				29,657,973				72,681,072				(25,127,701	)			893,737,739
Depreciation and amortization			14,261,516				15,416,456				38,219,152				8,608,518				9,279,871				6,368,233				9,699,082				741,038				5,315,349				17,938,198				(132,678	)			125,714,735
Operating income			70,726,013				15,947,164				10,878,548				9,185,471				13,361,859				7,853,311				1,750,027				1,293,706				3,891,263				6,205,426				320,373				141,413,161
Interest income			19,094,408				272,284				1,616,356				3,505,616				366,533				743,028				227,590				232,856				396,314				474,826				(22,076,799	)			4,853,012
Interest expense			27,023,466				1,413,686				16,450,388				2,599,901				577,440				713,895				349,449				—				48,751				2,861,655				(20,841,259	)			31,197,372
Income tax			7,976,111				2,896,465				(4,846,932	)			2,621,598				3,997,944				2,944,548				2,257,695				605,809				1,483,187				(756,774	)			—				19,179,651
Equity interest in net (loss) income of associated companies			(1,512,226	)			65,033				(5,243	)			21,856				—				—				—				—				—				3,884				—				(1,426,696	)
Net profit (loss) attributable to equity holders of the parent			28,660,395				5,852,674				(12,785,017	)			(6,806,573	)			3,468,029				3,766,425				(680,599	)			1,142,975				2,073,287				6,157,757				4,205,419				35,054,772
Assets by segment			955,534,316				163,955,665				311,838,555				118,217,618				81,170,568				87,619,264				68,425,540				36,072,729				76,084,634				182,087,483				(784,519,559	)			1,296,486,813
Plant, property and equipment, net			57,048,006				105,177,653				147,884,562				52,735,563				44,811,656				30,254,858				37,930,783				1,783,612				29,063,549				66,838,636				—				573,528,878
Goodwill			27,067,441				392,523				17,931,543				2,672,724				11,612,051				4,396,090				5,213,703				1,903,762				14,186,723				51,737,156				—				137,113,716
Trademarks, net			826,446				346,566				341,750				—				522				—				—				686,052				242,175				8,856,795				—				11,300,306
Licenses and rights, net			4,395,698				72,557				28,442,759				8,318,161				3,661,838				6,256,297				3,660,240				—				6,443,439				29,198,262				—				90,449,251
Investment in associated companies			10,818,612				1,955,186				700				115,452				371				—				16,259				—				—				908,995				(10,705,005	)			3,110,570
Liabilities by segments			723,559,636				139,362,960				221,907,486				101,601,641				31,254,646				33,048,503				33,514,380				31,170,822				31,727,281				121,586,194				(333,100,922	)			1,135,632,627
At December 31, 2016 (in Ps.):
External revenues			187,127,903				93,343,612				193,796,237				71,553,356				67,330,768				55,825,972				42,131,666				140,856,365				36,467,781				86,978,828				—				975,412,488
Intersegment revenues			16,438,858				8,872,248				3,560,388				776,719				257,767				304,834				289,465				—				30,210				—				(30,530,489	)			—
Total revenues			203,566,761				102,215,860				197,356,625				72,330,075				67,588,535				56,130,806				42,421,131				140,856,365				36,497,991				86,978,828				(30,530,489	)			975,412,488
Depreciation and amortization			16,451,496				17,150,013				47,170,935				9,739,634				11,283,749				7,764,474				10,474,681				1,073,623				5,225,498				22,525,050				(333,232	)			148,525,921
Operating income			48,219,505				12,275,892				6,325,323				8,317,053				11,209,959				6,086,638				3,830,974				1,220,601				6,143,183				5,388,595				592,587				109,610,310
Interest income			28,659,372				303,915				3,747,684				2,649,539				104,304				944,945				462,779				239,797				691,132				286,784				(33,897,656	)			4,192,595
Interest expense			32,004,944				1,135,552				22,970,335				5,049,457				1,079,989				1,147,380				411,597				—				143,322				2,953,033				(33,033,597	)			33,862,012
Expenses (income) tax			2,502,242				921,803				(4,294,040	)			2,021,090				4,456,750				1,768,066				3,291,776				767,295				2,542,080				(2,578,206	)			—				11,398,856
Equity interest in net income (loss) of associated companies			67,472				116,368				(270	)			(23,319	)			—				—				171				—				—				29,528				—				189,950
Net profit (loss) attributable  to equity holders of the parent			378,150				902,282				(10,357,493	)			3,765,015				4,022,633				3,621,863				538,890				987,790				3,318,960				7,065,769				(5,594,432	)			8,649,427
Assets by segment			1,070,598,204				161,133,722				461,831,754				140,617,162				103,361,235				113,839,981				80,832,029				42,812,349				93,941,695				227,288,156				(981,214,013	)			1,515,042,274
Plant, property and equipment, net			64,893,242				112,220,236				203,270,555				67,023,143				59,690,886				37,716,772				41,808,573				1,949,166				33,854,428				78,763,065				—				701,190,066
Goodwill			27,186,328				213,926				26,106,622				3,006,448				14,659,891				5,948,335				5,652,268				3,464,217				14,186,723				52,207,877				—				152,632,635
Trademarks, net			615,318				307,881				366,727				—				194				—				—				788,228				284,665				10,203,880				—				12,566,893
Licenses and rights, net			5,887,092				42,867				41,496,209				8,760,860				4,603,793				12,882,210				3,993,120				—				7,694,798				30,670,315				—				116,031,264
Investment in associated companies			7,605,220				2,218,824				699				81,284				470				—				17,390				—				—				1,072,778				(7,393,181	)			3,603,484
Liabilities by segments			798,044,609				117,663,161				349,915,118				124,149,687				40,811,337				52,949,608				38,095,161				41,369,767				44,790,656				121,928,202				(485,698,799	)			1,244,018,507
At December 31, 2017 (in Ps.):
External revenues			190,022,612				89,731,238				210,536,673				81,092,885				72,435,460				56,393,595				44,094,835				148,589,487				35,092,578				93,644,172				—				1,021,633,535
Intersegment revenues			16,748,428				8,753,525				4,785,601				1,250,983				304,555				177,856				187,086				44				122,656				—				(32,330,734	)			—
Total revenues			206,771,040				98,484,763				215,322,274				82,343,868				72,740,015				56,571,451				44,281,921				148,589,531				35,215,234				93,644,172				(32,330,734	)			1,021,633,535
Depreciation and amortization			17,030,251				18,902,238				51,486,652				10,639,591				12,373,790				8,328,705				9,668,439				1,594,727				5,349,757				25,222,962				(422,170	)			160,174,942
Operating income (loss)			50,666,028				7,921,524				11,601,369				11,676,427				(4,704,165	)			5,650,477				5,252,401				2,915,123				4,752,168				4,523,857				(111,906	)			100,143,303
Interest income			30,083,437				619,748				3,792,242				2,884,613				211,521				1,793,974				1,064,992				394,196				1,111,980				307,021				(39,338,076	)			2,925,648
Interest expense			32,185,868				1,028,593				23,578,083				4,637,989				1,955,688				1,573,929				485,684				—				377,727				2,035,716				(37,558,496	)			30,300,781
Expenses (income) tax			18,142,482				387,145				(2,991,377	)			3,535,302				(1,874,594	)			1,806,085				2,025,618				1,803,555				3,529,253				(1,417,358	)			(4,600	)			24,941,511
Equity interest in net income (loss) of associated companies			99,044				16,564				(232	)			(9,801	)			—				—				—				—				—				(14,190	)			—				91,385
Net profit (loss) attributable  to equity holders of the parent			26,321,442				184,387				(6,617,381	)			4,421,938				(6,209,530	)			1,595,382				3,713,301				1,793,875				1,262,073				5,656,132				(2,795,698	)			29,325,921
Assets by segment			1,033,036,406				170,402,561				428,281,963				133,136,177				108,362,023				113,478,626				81,529,691				40,761,830				88,672,466				203,858,243				(915,308,134	)			1,486,211,852
Plant, property and equipment, net			59,137,555				109,713,770				187,459,628				69,006,093				57,060,931				35,930,966				39,050,481				1,693,642				32,173,524				85,116,608				—				676,343,198
Goodwill			27,102,384				213,926				24,708,739				3,073,444				13,981,033				6,113,495				5,597,990				3,341,956				14,186,723				53,143,542				—				151,463,232
Trademarks, net			406,723				274,786				246,557				—				—				—				—				631,024				262,641				8,116,076				—				9,937,807
Licenses and rights, net			11,457,720				13,175				35,662,305				8,885,086				4,197,498				11,295,202				3,376,106				—				7,276,039				31,141,255				—				113,304,386
Investment in associated companies			469,662				546,872				640				63,110				451				—				16,999				—				—				806,950				1,830,488				3,735,172
Liabilities by segments			794,598,013				133,428,178				322,620,030				119,123,646				54,756,152				48,656,628				35,501,900				38,249,957				43,978,410				119,240,533				(484,575,112	)			1,225,578,335