América Móvil(AMX)
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América Móvil(AMX) - 2020 Q1 - Earnings Call Transcript
2020-05-02 06:21
América Móvil, S.A.B. de C.V. (NYSE:AMX) Q1 2020 Results Earnings Conference Call April 29, 2020 10:00 AM ET Company Participants Daniela Lecuona - Head of Investor Relations Daniel Hajj Aboumrad - Chief Executive Officer Carlos García Moreno - Chief Financial Officer Oscar Von Hauske - Chief Fixed-line Operations Officer Conference Call Participants Rodrigo Villanueva - BofA Merrill Lynch Marcelo Santos - JPMorgan Maria Azevedo - Santander Carlos de Legarreta - GBM Frederico Mendes - Banco Bradesco BBI S.A ...
América Móvil(AMX) - 2019 Q4 - Annual Report
2020-04-29 23:53
Table of Contents As filed with the Securities and Exchange Commission on April 29, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2019 Commission file number: 1-16269 AMÉRICA MÓVIL, S.A.B. DE C.V. (exact name of registrant as specified in its charter) America Mobile (translation of registrant's name into English) United Mexican States (jurisdictio ...
América Móvil(AMX) - 2019 Q4 - Earnings Call Transcript
2020-02-12 21:27
América Móvil, S.A.B. de C.V (NYSE:AMX) Q4 2019 Earnings Conference Call February 12, 2020 10:00 AM ET Company Participants Daniela Lecuona – Head-Investor Relations Daniel Hajj – Chief Executive Officer Carlos García Moreno – Chief Financial Officer Oscar Von Hauske – Chief Operating Officer Conference Call Participants Rodrigo Villanueva – Bank of America Marcelo Santos – JPMorgan Andres Coello – Scotiabank Juan Pablo Alba – Credit Suisse Carlos Legarreta – GBM Carlos Sequeira – BTG Pactual Gilberto Garci ...
América Móvil(AMX) - 2019 Q3 - Earnings Call Transcript
2019-10-16 20:44
América Móvil, S.A.B. de C.V. (NYSE:AMX) Q3 2019 Results Earnings Conference Call October 16, 2019 10:00 AM ET Company Participants Daniela Lecuona - Head of Investor Relations Daniel Hajj - Chief Executive Officer Carlos García Moreno - Chief Financial Officer Oscar Von Hauske - Chief Fixed-line Operations Officer Conference Call Participants Rodrigo Villanueva - Bank of America Merrill Lynch Alejandro Gallostra - BBVA Latam Research Fred Mendes - Bradesco BBI Andre Baggio - JPMorgan Diego Aragao - Goldman ...
América Móvil(AMX) - 2019 Q2 - Earnings Call Transcript
2019-07-17 17:40
América Móvil, S.A.B. de C.V. (NYSE:AMX) Q2 2019 Earnings Conference Call July 17, 2019 10:00 AM ET Company Participants Daniela Lecuona - IR Daniel Hajj - CEO Carlos García Moreno Elizondo - CFO Oscar Von Hauske - COO Conference Call Participants Rodrigo Villanueva - Bank of America Merrill Lynch Leonardo Olmos - Santander Fred Mendes - Bradesco Cesar Medina - Morgan Stanley Carlos De Legarreta - GBM Juan Pablo Alba - Credit Suisse Andre Baggio - JP Morgan Carlos Sequeira - BTG Pactual Operator Good mornin ...
América Móvil(AMX) - 2019 Q1 - Earnings Call Transcript
2019-04-30 19:32
América Móvil, S.A.B. de C.V. (NYSE:AMX) Q1 2019 Earnings Conference Call April 30, 2019 10:00 AM ET Company Participants Daniela Lecuona - IR Daniel Hajj - CEO Carlos Garcia-Moreno - CFO Oscar Von Hauske - COO Conference Call Participants Rodrigo Villanueva - Bank of America Merrill Lynch Matthew Niknam - Deutsche Bank Walter Piecyk - BTIG Diego Aragao - Goldman Sachs Maria Azevedo - UBS Carlos Legarreta - GBM Ernesto Gonzalez - Morgan Stanley Ric Prentiss - Raymond James Valder Nogueira - Santander Operat ...
América Móvil(AMX) - 2018 Q4 - Annual Report
2019-04-11 22:47
Financial Reporting and Audit - América Móvil reported consolidated financial statements for the years ended December 31, 2016, 2017, and 2018, with a focus on comprehensive income and cash flows [276]. - The company achieved a fair presentation of its consolidated financial position as of December 31, 2018, in accordance with International Financial Reporting Standards [277]. - The audit opinion expressed was unqualified, indicating no material misstatements were found in the financial statements for the period [278]. - The company has maintained its internal control over financial reporting, evaluated based on established criteria [278]. - The financial statements include significant estimates made by management, which were evaluated during the audit process [280]. - The audit firm has served as the company's auditor since 1993, indicating a long-term relationship [281]. - The financial statements are presented in thousands of Mexican pesos, ensuring clarity in financial reporting [281]. - The report includes notes that are integral to understanding the consolidated financial statements [281]. - The company’s management is responsible for the financial statements, highlighting the importance of governance in financial reporting [279]. - The audit was conducted in accordance with PCAOB standards, ensuring compliance with U.S. federal securities laws [280]. Financial Performance - Profit for the year increased significantly to Ps. 52,566,197 million in 2018 from Ps. 29,325,921 million in 2017, marking an increase of about 79% [282]. - Operating revenues for the year ended December 31, 2018, were Ps. 1,038,207,681, a slight increase from Ps. 1,021,633,535 in 2017 [284]. - Net profit for the year attributable to equity holders of the parent was Ps. 52,566,197 in 2018, compared to Ps. 29,325,921 in 2017, reflecting an increase of 79% [284]. - Basic and diluted earnings per share attributable to equity holders of the parent rose to Ps. 0.79 in 2018 from Ps. 0.44 in 2017 [284]. - Total comprehensive income for the year was Ps. 127,726,244, compared to Ps. 7,434,083 in 2017, showing a significant increase [284]. Assets and Liabilities - Total current assets increased to Ps. 349,055,524 million in 2018 from Ps. 342,235,218 million in 2017, reflecting a growth of approximately 2.4% [282]. - Total assets decreased to Ps. 1,429,223,392 million in 2018 from Ps. 1,486,211,852 million in 2017, representing a decline of about 3.8% [282]. - Total liabilities decreased to Ps. 1,183,350,970 million in 2018 from Ps. 1,225,578,335 million in 2017, a reduction of approximately 3.4% [282]. - Total equity attributable to equity holders of the parent increased slightly to Ps. 195,995,645 million in 2018 from Ps. 194,164,312 million in 2017, a growth of approximately 0.9% [282]. - Long-term debt decreased to Ps. 542,691,819 million in 2018 from Ps. 646,139,058 million in 2017, a reduction of approximately 16% [282]. Cash Flow and Investments - In 2018, América Móvil reported a net cash flow from operating activities of Ps. 248,330,528 million (approximately US$12,617 million), an increase from Ps. 217,772,375 million in 2017 [288]. - The company invested Ps. 143,888,033 million in property, plant, and equipment in 2018, an increase from Ps. 119,185,137 million in 2017 [288]. - The company paid dividends totaling Ps. 22,369,793 million in 2018, compared to Ps. 16,091,390 million in 2017 [288]. - América Móvil's net cash flows used in investing activities were Ps. (148,783,031) million in 2018, slightly improved from Ps. (140,743,523) million in 2017 [288]. - The company reported a net decrease in cash and cash equivalents of Ps. (1,809,598) million in 2018, compared to an increase of Ps. 990,757 million in 2017 [288]. Accounting Standards and Adjustments - The cumulative effect of adopting IFRS 15 on January 1, 2018, resulted in an increase in assets by Ps. 31,261,436 and an increase in retained earnings by Ps. 21,454,504 [302]. - The adoption of IFRS 9 on January 1, 2018, led to a decrease in trade receivables by Ps. 2,400,783, impacting retained earnings [311]. - The company recognized an impairment on trade receivables at fair value of Ps. 2,400,783 upon adopting IFRS 9, which decreased retained earnings [312]. - The implementation of IFRS 15 resulted in earlier recognition of revenue from the sale of goods and capitalization of incremental contract acquisition costs [302]. Currency and Foreign Operations - The average exchange rate for the US dollar against the Mexican peso was 18.6529 in 2016, increasing to 19.2397 in 2018, and closing at 19.6829 in December 2018 [401]. - The exchange rate for the Argentine peso against the Mexican peso was 1.2632 in 2016, decreasing to 0.7311 in 2018, reflecting a significant depreciation [399]. - The cumulative translation adjustment for the Company was Ps. (53,357,300) at December 31, 2018, indicating significant currency translation impacts [330]. - The financial statements of foreign subsidiaries represent approximately 73% of consolidated operating revenues and 80% of consolidated total assets as of December 31, 2018 [328]. Employee and Pension Obligations - The Company recognized employee benefits expenses of Ps. 47,671,143 for the year ended December 31, 2018, compared to Ps. 48,696,331 in 2017 [445]. - The company recognizes costs of defined benefit pension plans based on independent actuarial computations, with the latest calculations prepared as of December 31, 2018 [405]. - The company has defined benefit pension plans for subsidiaries in Puerto Rico, Mexico, Brazil, and Austria, with varying contribution rates and benefits [410]. Risk Management - The company uses derivative financial instruments such as cross-currency swaps and forwards to mitigate market risks related to foreign currency exchange fluctuations [431]. - The Company has a diversified customer base, which helps mitigate credit risk in accounts receivable [435]. - Contingent liabilities are recognized only when it is probable they will result in future cash disbursements, emphasizing the company's cautious approach to financial reporting [404].