Segments | Note 23. 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, Honduras, Peru, Paraguay, Uruguay, the Dominican Republic, Puerto Rico, 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 before income tax 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, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central America (includes Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica), Caribbean (includes the Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia). The segment Southern Cone comprises mobile communication services in Argentina as well as Paraguay and Uruguay. Beginning in 2018, hyperinflation accounting in accordance with IAS 29 was initially applied to Argentina, which results in the restatement of non-monetary period-end 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 statements 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 (3) Southern Cone Colombia Andean (2) Central U.S.A. (1) Caribbean Europe Eliminations Consolidated As of and for the year ended December 31, 2020 (in Ps.): External revenues 214,578,600 77,920,910 163,865,421 34,426,863 77,282,658 53,846,358 44,823,244 — 37,182,842 111,472,191 — 815,399,087 Intersegment revenues 17,663,525 13,668,264 4,207,466 1,220,100 352,694 88,305 (129,419 ) — 1,440,983 — (38,511,918 ) — Total revenues 232,242,125 91,589,174 168,072,887 35,646,963 77,635,352 53,934,663 44,693,825 — 38,623,825 111,472,191 (38,511,918 ) 815,399,087 Depreciation and amortization 24,748,756 13,341,479 41,795,397 7,199,898 14,413,760 11,447,356 11,784,026 — 7,094,331 25,593,204 (3,202,787 ) 154,215,420 Operating income 70,851,525 11,204,433 25,203,504 3,238,167 15,111,947 8,698,645 5,844,137 — 6,701,086 13,159,865 (11,200,502 ) 148,812,807 Interest income 21,322,406 1,479,021 2,904,430 979,181 822,447 1,049,261 1,130,767 — 1,105,420 90,746 (25,823,043 ) 5,060,636 Interest expense 30,936,195 1,306,867 17,976,227 2,955,339 2,586,708 2,223,478 1,419,010 — 1,658,619 2,546,255 (25,443,493 ) 38,165,205 Income tax 4,905,863 577,178 (4,442,598 ) 676,444 2,078,789 3,115,693 1,504,240 — 2,524,214 2,234,065 4,283 13,178,171 Equity interest in net result of associated companies (3,820 ) 23,955 (2,972 ) (15,422 ) — — — — — (288,747 ) — (287,006 ) Net profit (loss) attributable to equity holders of the parent continues operations 3,613,907 (1,085,038 ) 4,963,424 4,909,164 16,579,303 4,649,047 3,922,577 — 3,294,111 7,777,426 (13,359,095 ) 35,264,826 Net profit (loss) attributable to equity holders of the parent discontinued operations — — — — — — — — — — — 11,587,779 Net profit (loss) attributable to equity holders of the parent 3,613,907 (1,085,038 ) 4,963,424 4,909,164 16,579,303 4,649,047 3,922,577 — 3,294,111 7,777,426 (13,359,095 ) 46,852,605 Assets by segment 947,396,510 203,081,314 386,982,711 118,266,380 132,210,369 101,717,708 88,690,683 35,083,285 109,914,293 239,583,759 (737,878,785 ) 1,625,048,227 Plant, property and equipment, net 52,117,395 110,751,083 145,307,497 62,157,797 48,876,853 36,102,261 37,855,227 1,761,595 39,128,447 82,595,077 ( 876,229 ) 615,777,003 Revalued of assets — — 36,076,207 7,494,408 12,893,284 9,500,708 7,059,247 — 2,572,504 31,556,270 — 107,152,628 Goodwill 26,949,185 215,381 16,048,092 5,436,675 12,253,743 4,866,363 6,345,659 3,362,899 14,186,723 53,388,139 — 143,052,859 Trademarks, net 126,823 181,094 — — — — — 269,325 219,087 2,981,089 — 3,777,418 Licenses and rights, net 12,017,318 100,623 26,171,345 12,099,873 12,363,039 6,870,531 5,427,857 — 8,616,880 27,963,250 — 111,630,716 Investment in associated companies 51,645 613,449 64,125 (20,970 ) 395 — 25,413 — — — 1,095,703 1,829,760 Liabilities by segments 725,408,198 193,840,756 263,989,566 61,786,265 63,610,642 53,379,366 34,252,511 33,141,315 60,839,340 138,747,621 (319,064,971 ) 1,309,930,609 (1) Restated for discontinued operations (TracFone disposal) (2) Restated for discontinued operations (Panama disposal) (3) Restated for discontinued operations (Claro Chile, SpA joint venture) Mexico Telmex Brazil (2) Southern Cone Colombia Andean (1) Central Caribbean Europe Eliminations Consolidated As of and for the year ended December 31, 2021 (in Ps.): External revenues 225,219,719 87,189,642 148,729,232 40,244,826 79,312,071 52,888,323 45,406,174 37,858,979 113,838,486 — 830,687,452 Intersegment revenues 18,041,465 15,237,420 4,044,386 ( 699,479 ) 360,638 73,828 62,764 2,069,648 — (39,190,670 ) — Total revenues 243,261,184 102,427,062 152,773,618 39,545,347 79,672,709 52,962,151 45,468,938 39,928,627 113,838,486 (39,190,670 ) 830,687,452 Depreciation and amortization 25,797,791 12,740,332 40,342,871 9,585,858 15,067,211 11,211,523 10,830,440 6,987,129 27,469,463 (3,729,626 ) 156,302,992 Operating income 77,783,972 21,100,316 21,867,457 2,968,702 15,165,356 7,457,802 8,700,382 8,661,475 13,421,147 (9,570,359 ) 167,556,250 Interest income 14,864,242 758,126 2,104,574 820,449 431,314 833,540 269,379 701,785 116,031 (17,065,290 ) 3,834,150 Interest expense 24,586,641 1,385,103 15,875,138 2,790,000 2,240,707 1,213,421 1,061,526 1,066,733 2,414,415 (16,895,379 ) 35,738,305 Income tax 25,002,390 2,496,010 (9,603,701 ) 782,844 3,112,946 2,375,281 2,940,404 2,171,594 3,438,161 1,548 32,717,477 Equity interest in net result of associated companies 85,648 44,525 4,575 (19,073 ) — — — — (1,757 ) — 113,918 Net profit (loss) attributable to equity holders of the parent continues operations 34,195,093 4,594,450 14,185,905 ( 2,804,630 ) 5,959,563 4,180,473 4,746,847 5,151,166 8,313,018 (10,334,660 ) 68,187,225 Net profit (loss) attributable to equity holders of the parent discontinued operations — — — — — — — — — — 124,235,942 Net profit (loss) attributable to equity holders of the parent 34,195,093 4,594,450 14,185,905 ( 2,804,630 ) 5,959,563 4,180,473 4,746,847 5,151,166 8,313,018 (10,334,660 ) 192,423,167 Assets by segment 999,502,407 195,869,232 407,458,440 135,862,040 133,232,525 95,719,937 101,725,955 102,949,901 210,944,575 (693,615,163 ) 1,689,649,849 Plant, property and equipment, net 50,420,866 118,056,718 153,607,199 64,864,986 48,888,907 34,395,339 42,407,727 41,601,009 79,764,422 (983,169 ) 633,024,004 Revalued of assets — — 33,004,669 6,159,077 10,266,464 8,389,460 9,113,632 2,564,149 28,675,224 — 98,172,675 Goodwill 26,965,618 215,381 15,335,322 5,191,841 11,685,585 4,688,154 6,002,380 14,186,723 52,307,190 — 136,578,194 Trademarks, net 90,673 149,865 — — — — — 229,000 2,822,625 — 3,292,163 Licenses and rights, net 11,081,972 129,233 39,620,009 13,791,003 11,384,533 5,502,139 5,220,437 10,847,685 25,709,849 — 123,286,860 Investment in associated companies 4,725,279 522,403 65,699 (34,401 ) 351 — 26,348 — — (2,253,198 ) 3,052,481 Liabilities by segments 679,954,783 176,177,522 273,655,967 72,702,285 65,631,866 44,676,727 42,823,861 53,885,848 134,357,142 (308,257,878 ) 1,235,608,123 (1) Restated for discontinued operations (Panama disposal) (2) Restated for discontinued operations (Claro Chile, SpA joint venture) Mexico Telmex Brazil (2) Southern Cone Colombia Andean (1) Central Caribbean Europe Eliminations Consolidated As of and for the year ended December 31, 2022 (in Ps.): External revenues 236,608,249 83,046,967 165,804,342 38,820,073 70,925,374 55,426,258 47,054,127 40,859,951 105,956,056 — 844,501,397 Intersegment revenues 9,290,955 16,937,889 5,075,716 ( 95,105 ) 374,225 72,142 160,459 1,854,029 — (33,670,310 ) — Total revenues 245,899,204 99,984,856 170,880,058 38,724,968 71,299,599 55,498,400 47,214,586 42,713,980 105,956,056 (33,670,310 ) 844,501,397 Depreciation and amortization 26,383,113 13,171,616 43,422,821 10,807,072 13,085,226 10,698,869 11,178,361 7,133,908 22,761,938 (9,138 ) 158,633,786 Operating income 76,708,954 16,172,472 26,665,816 1,796,672 14,170,936 8,262,395 7,540,132 10,284,834 16,155,520 (6,886,979 ) 170,870,752 Interest income 18,336,415 925,158 2,679,103 719,851 624,304 906,176 431,741 701,794 229,958 (20,730,921 ) 4,823,579 Interest expense 24,909,724 3,342,459 23,411,387 2,573,356 2,699,010 860,572 1,033,792 1,152,370 1,281,857 (20,005,724 ) 41,258,803 Income tax 30,642,242 2,767,673 454,205 (160,199 ) 2,286,809 2,870,743 1,708,728 2,432,392 3,151,281 (109,785 ) 46,044,089 Equity interest in net result of associated companies (1,821,608 ) 31,000 20,864 (2,198 ) — — — — (39,490 ) — (1,811,432 ) Net profit (loss) attributable to equity holders of the parent continues operations 63,711,537 (373,036 ) 10,254,969 (1,157,911 ) 6,486,771 6,122,291 5,059,038 6,649,004 11,795,662 (25,669,919 ) 82,878,406 Net profit (loss) attributable to equity holders of the parent discontinued operations — — — — — — — — — — (6,719,015 ) Net profit (loss) attributable to equity holders of the parent 63,711,537 (373,036 ) 10,254,969 (1,157,911 ) 6,486,771 6,122,291 5,059,038 6,649,004 11,795,662 (25,669,919 ) 76,159,391 Assets by segment 1,042,849,460 215,543,807 407,802,373 87,971,767 104,769,670 85,782,831 96,321,649 101,143,182 154,774,150 (678,859,545 ) 1,618,099,344 Plant, property and equipment, net 49,677,868 134,928,482 159,382,793 42,674,620 44,999,710 33,480,299 41,312,113 40,606,623 72,272,633 (462,650 ) 618,872,491 Revalued of assets — — — — 7,700,459 5,938,449 — 1,434,188 23,280,623 — 38,353,719 Goodwill 26,481,707 215,381 31,085,202 199,984 8,495,090 4,678,851 6,312,511 14,186,723 49,465,916 — 141,121,365 Trademarks, net 110,397 118,634 — — — — — 220,350 2,565,176 — 3,014,557 Licenses and rights, net 10,559,914 106,659 37,638,695 12,965,021 8,068,013 4,271,910 3,599,560 10,124,134 20,461,281 — 107,795,187 Investment in associated companies 24,656,295 550,493 22,708 (19,866 ) — — 23,896 — 2,058 (1,260,122 ) 23,975,462 Liabilities by segments 621,482,350 204,294,033 297,234,805 54,393,204 57,393,854 36,223,727 42,725,447 48,434,551 97,527,392 (279,439,292 ) 1,180,270,071 (1) Discontinued operations (Panama disposal) (2) Discontinued operations (Claro Chile, SpA joint venture) |