Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Profit or Loss and Other Comprehensive Income

v3.23.1
Consolidated Statements of Profit or Loss and Other Comprehensive Income
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
MXN ($)
$ / shares
Dec. 31, 2021
MXN ($)
$ / shares
Dec. 31, 2020
MXN ($)
$ / shares
Profit or loss [abstract]      
Net revenue $ 11,507,549 $ 10,067,683 $ 7,237,628
Cost of sales 3,579,093 4,498,008 3,280,348
Gross profit 7,928,456 5,569,675 3,957,280
Administrative expenses 2,596,642 1,247,742 667,647
Selling expenses 2,808,030 1,256,289 895,275
Distribution expenses 473,516 463,779 331,023
Total operating expense 5,878,188 2,967,810 1,893,945
Divestment of subsidiaries (21,862)
Operating income 2,028,406 2,601,865 2,063,335
Financing income (cost):      
Interest expense (543,321) (75,818) (80,253)
Interest income 28,689 25,872 10,930
Unrealized (loss) gain in valuation of derivative financial instruments (43,522) 330,315 (287,985)
Changes in fair value of warrants (851,520)
Foreign exchange loss, net (83,368) (319,739) (30,402)
Total financing income (cost) (641,522) (39,370) (1,239,230)
Income before income taxes 1,386,884 2,562,495 824,105
Income taxes:      
Current 533,522 791,856 576,834
Deferred (16,602) 22,700 (51,173)
Net income for the year 869,964 1,747,939 298,444
Net income for the year attributable to:      
Owners of the Group 872,557 1,751,645 298,444
Non-controlling interest (2,593) (3,706)
Total net income for the year 869,964 1,747,939 298,444
Items that are or may be reclassified subsequently to profit or loss:      
Currency effects (8,653)
Items that will not be reclassified subsequently to profit or loss:      
Remeasurement of defined benefit obligation, net of taxes 15,585 83 (839)
Total comprehensive income for the year 876,896 1,748,022 297,605
Comprehensive income for the year attributable to:      
Owners of the Group 879,489 1,751,728 297,605
Non-controlling interest (2,593) (3,706)
Total comprehensive income for the year $ 876,896 $ 1,748,022 $ 297,605
Basic earnings per common share (pesos) (in Pesos per share) | (per share) $ 23.42 $ 47.38 $ 8.76
Diluted earnings per common share (pesos) (in Pesos per share) | (per share) $ 23.41 $ 46.91 $ 8.68