Operating segment and geographic information | 28. Operating segment and geographic information All airports provide similar services to their customers as described in Note 20. The elimination of the investment of the Company in its subsidiaries is included under “Eliminations” along with any intersegment revenues and other significant intercompany operations. The following are the results, assets and liabilities by segments for the years ended December 31, 2020, 2021 and 2022: December 31, 2020 Guadalajara Tijuana Puerto San José del Montego Hermosillo Guanajuato Other Total Other Eliminations Total Aeronautical services Ps. 2,103,574 Ps. 1,192,187 Ps. 776,424 Ps. 970,979 Ps. 695,879 Ps. 204,650 Ps. 338,633 Ps. 943,416 Ps. 7,225,742 Ps. — Ps. — Ps. 7,225,742 Non-aeronautical services 591,789 335,419 266,442 460,981 327,158 64,609 113,826 283,941 2,444,164 3,889 — 2,448,053 Improvements to 614,479 681,755 67,026 339,231 138,768 19,329 36,334 295,656 2,192,578 — — 2,192,578 Total revenues 3,309,842 2,209,361 1,109,892 1,771,191 1,161,805 288,588 488,793 1,523,013 11,862,484 3,889 — 11,866,373 Total intersegment — — — — — — — — — 2,310,159 ( 2,310,159 ) — Income from 1,472,456 802,056 526,761 756,630 ( 88,901 ) 57,770 216,044 ( 34,634 ) 3,708,182 2,242,786 ( 2,130,979 ) 3,819,989 Interest income 82,881 59,945 32,073 40,141 3,515 8,056 13,801 42,052 282,465 1,307,727 ( 1,179,680 ) 410,512 Interest expense ( 360,772 ) ( 242,125 ) ( 95,133 ) ( 210,825 ) ( 172,033 ) ( 52,001 ) ( 57,199 ) ( 432,582 ) ( 1,622,670 ) ( 1,071,260 ) 1,179,680 ( 1,514,250 ) Loss on financial — — — — — — — — — ( 41,808 ) — ( 41,808 ) Depreciation and ( 368,964 ) ( 254,634 ) ( 168,580 ) ( 265,581 ) ( 82,736 ) ( 71,971 ) ( 502,568 ) ( 229,764 ) ( 1,944,799 ) ( 55,562 ) — ( 2,000,361 ) Share of gain of associate — — — — — — — — — 3 — 3 Income before income 1,166,564 738,185 461,532 573,594 472,986 25,433 167,981 ( 72,311 ) 3,533,964 982,786 ( 2,130,980 ) 2,385,770 Income taxes expense ( 231,777 ) ( 118,685 ) ( 88,272 ) ( 129,196 ) 112,801 12,801 ( 20,990 ) 19,005 ( 444,314 ) ( 22,753 ) — ( 467,067 ) Total assets 13,416,487 8,588,502 4,960,588 6,081,823 2,780,014 1,803,045 2,072,069 5,318,795 45,021,323 51,516,861 ( 45,177,011 ) 51,361,173 Total liabilities 6,535,424 4,074,668 1,979,551 3,898,207 2,508,470 824,734 1,045,571 1,070,885 21,937,510 26,911,814 ( 20,340,934 ) 28,508,390 Investments in associates — — — — — — — — — 35 — 35 Net cash flows provided 828,257 ( 1,627,427 ) 332,206 447,952 182,849 5,988 102,755 181,454 454,034 3,180,663 ( 68,130 ) 3,566,567 Net cash flow used in ( 892,866 ) ( 764,151 ) ( 215,636 ) ( 424,313 ) ( 209,415 ) ( 34,166 ) ( 86,038 ) ( 447,570 ) ( 3,074,155 ) ( 1,455,336 ) 1,311,800 ( 3,217,691 ) Net cash flow used in 2,615,782 1,854,276 790,233 1,337,678 534,214 97,698 334,391 618,594 8,182,866 ( 582,639 ) ( 1,311,800 ) 6,288,427 Additions to non-current as assets 6,796,625 4,394,890 2,335,994 3,245,723 5,700,583 1,040,121 968,483 3,054,931 27,537,350 16,065,198 — 43,602,548 December 31, 2021 Guadalajara Tijuana Puerto San José del Montego Hermosillo Guanajuato Other Total Other Eliminations Total Aeronautical services Ps. 3,296,419 Ps. 1,944,451 Ps. 1,336,177 Ps. 2,003,087 Ps. 1,004,076 Ps. 341,493 Ps. 570,402 Ps. 1,487,850 Ps. 11,983,954 Ps. — Ps. — Ps. 11,983,954 Non-aeronautical services 783,252 431,706 389,823 839,580 454,519 70,135 131,977 343,913 3,444,905 217,536 — 3,662,441 Improvements to 1,463,854 876,292 285,667 520,812 93,205 17,148 8,947 102,587 3,368,511 — — 3,368,511 Total revenues 5,543,525 3,252,448 2,011,667 3,363,479 1,551,800 428,776 711,326 1,934,351 18,797,372 217,535 — 19,014,906 Total intersegment - - - - - - - - - 5,669,325 ( 5,669,325 ) — Income from operations 2,614,203 1,496,257 1,082,157 1,961,757 406,256 155,692 416,623 293,711 8,426,655 6,099,861 ( 5,669,325 ) 8,857,192 Interest income 85,209 45,691 32,470 53,578 6,232 11,269 15,054 62,551 312,056 1,729,291 ( 1,621,075 ) 420,271 Interest expense ( 529,299 ) ( 353,044 ) ( 130,077 ) ( 313,234 ) ( 161,147 ) ( 63,217 ) ( 70,528 ) ( 81,172 ) ( 1,701,717 ) ( 1,605,897 ) 1,621,075 ( 1,686,540 ) Loss on financial - - - - - - - - - 51,656 — 51,656 Depreciation and ( 390,393 ) ( 255,470 ) ( 176,563 ) ( 261,466 ) ( 86,642 ) ( 74,653 ) ( 476,300 ) ( 218,049 ) ( 1,939,536 ) ( 111,002 ) — ( 2,050,539 ) Share of gain of associate - - - - - - - - - 1 — 1 Income before income 2,228,136 1,199,952 1,017,326 1,754,654 487,332 111,711 377,149 297,886 7,474,146 6,024,442 ( 5,669,325 ) 7,829,263 Income taxes expense ( 543,421 ) ( 139,062 ) ( 227,123 ) ( 481,674 ) 49,911 247 ( 86,781 ) ( 117,711 ) ( 1,545,614 ) ( 239,932 ) — ( 1,785,546 ) Total assets 14,067,167 9,152,856 5,529,201 6,884,814 2,938,320 1,877,408 1,904,465 6,030,099 48,384,330 52,475,232 ( 45,536,476 ) 55,323,085 Total liabilities 9,342,510 5,975,158 3,198,249 5,465,234 2,494,668 1,067,543 1,187,783 1,964,209 30,695,355 29,082,250 ( 24,883,120 ) 34,894,485 Investments in associates - - - - - - - - - 34 — 34 Net cash flows provided 3,082,428 3,080,746 1,298,955 2,326,916 799,786 296,118 512,406 632,890 12,030,246 ( 840,512 ) ( 94,289 ) 11,095,446 Net cash flow used in ( 1,961,546 ) ( 971,466 ) ( 392,886 ) ( 758,682 ) ( 208,497 ) ( 62,412 ) ( 87,309 ) ( 328,445 ) ( 4,771,243 ) ( 198,065 ) — ( 4,969,308 ) Net cash flow used in ( 2,571,291 ) ( 1,512,134 ) ( 894,687 ) ( 1,572,262 ) ( 329,444 ) ( 212,676 ) ( 652,150 ) 4,775 ( 7,739,869 ) 388,344 — ( 7,351,525 ) Additions to non-current 8,549,694 5,363,861 2,676,621 3,828,149 5,751,567 1,073,645 987,253 3,290,029 31,520,818 1,084,094 — 32,604,913 December 31, 2022 Guadalajara Tijuana Puerto San José del Montego Hermosillo Guanajuato Other Total Other Eliminations Total Aeronautical services Ps. 4,562,120 Ps. 2,690,693 Ps. 2,278,063 Ps. 2,711,345 Ps. 1,689,682 Ps. 457,013 Ps. 760,779 Ps. 2,187,038 Ps. 17,336,734 Ps. — Ps. — Ps. 17,336,734 Non-aeronautical services 877,101 532,955 524,261 1,093,300 693,603 79,181 154,845 415,587 4,370,832 826,406 — 5,197,238 Improvements to 2,474,815 751,422 523,993 624,893 109,715 74,231 33,868 253,467 4,846,404 — — 4,846,404 Total revenues 7,914,036 3,975,070 3,326,317 4,429,538 2,493,000 610,425 949,492 2,856,091 26,553,969 826,407 — 27,380,376 Total intersegment — — — — — — — — — 8,894,827 ( 8,894,827 ) — Income from operations 3,897,415 2,227,358 1,992,568 2,739,855 1,122,272 275,292 605,139 676,820 13,536,719 9,172,302 ( 8,894,827 ) 13,814,194 Interest income 133,433 118,480 79,160 68,588 31,943 23,533 25,661 103,587 584,385 2,500,312 ( 2,248,707 ) 835,989 Interest expense ( 767,774 ) ( 532,742 ) ( 215,845 ) ( 356,813 ) 25,841 ( 83,367 ) ( 84,479 ) ( 142,388 ) ( 2,157,568 ) ( 2,547,057 ) 2,248,707 ( 2,455,918 ) Loss on financial — — — — — — — — — 6,765 — 6,765 Depreciation and ( 439,418 ) ( 341,674 ) ( 196,793 ) ( 302,051 ) ( 491,075 ) ( 86,112 ) ( 80,874 ) ( 284,653 ) ( 2,222,650 ) ( 90,671 ) — ( 2,313,321 ) Share of gain of associate — — — — — — — — — 1 — 1 Income before income 3,250,932 1,802,136 1,822,082 2,404,831 965,731 208,469 535,378 641,154 11,630,712 9,539,802 ( 8,894,827 ) 12,275,686 Income taxes expense ( 880,041 ) ( 239,072 ) ( 465,912 ) ( 666,378 ) ( 250,796 ) ( 22,788 ) ( 128,533 ) ( 96,269 ) ( 2,749,790 ) ( 340,422 ) — ( 3,090,212 ) Total assets 16,826,328 9,563,875 7,153,347 6,783,783 2,302,148 1,959,100 1,845,542 6,345,646 52,779,768 51,005,570 ( 43,279,997 ) 60,505,341 Total liabilities 11,965,643 6,636,931 4,310,601 4,975,334 2,296,333 1,138,199 1,161,069 2,325,171 34,809,282 28,813,097 ( 22,945,082 ) 40,677,296 Investments in associates — — — — — — — — — 118 — 118 Net cash flows provided 3,525,596 2,519,921 1,414,508 1,968,907 1,397,299 336,156 503,619 1,256,571 12,922,577 140,039 ( 542,910 ) 12,519,706 Net cash flow used in ( 3,677,863 ) ( 1,416,545 ) ( 1,579,955 ) ( 780,692 ) ( 204,113 ) ( 128,091 ) ( 138,418 ) ( 642,938 ) ( 8,568,615 ) 9,595,410 ( 9,509,178 ) ( 8,482,383 ) Net cash flow used in ( 247,553 ) ( 1,325,895 ) 228,762 ( 1,691,110 ) ( 942,312 ) ( 174,446 ) ( 512,372 ) ( 393,571 ) ( 5,058,497 ) ( 9,376,383 ) 9,509,178 ( 4,925,702 ) Additions to non-current 11,473,157 6,111,134 4,035,010 4,151,889 5,372,864 1,079,844 1,051,394 3,421,157 36,696,450 1,194,247 — 37,890,697 Non-current assets are comprised of Machinery, equipment, Improvements to leased assets, Improvements to concession assets, Airport concessions, Rights of use of airport facilities, Other acquired rights, Right-of-use assets and Other assets. The unrealized exchange loss, net amounts (a non-cash item) disclosed in the consolidated statements of cash flow relates mainly to Other Companies segments, and comes from bank loans denominated in foreign currency. The amounts shown in the eliminations column relates to the intercompany transactions and balances being eliminated to arrive at consolidated figures, such as, personnel services, parking operations, income and financial expenses, equity method, investments in subsidiaries, amongst the most important. - Geographic information – All subsidiaries of the Company operate in Mexico and Jamaica. The financial information presented above covers the different regions in which these airports operate. Segment revenue has been based on the geographic location of the customers and non-current segment assets were based on the location of the assets. Montego Bay and Kingston airports corresponds to the Region of Jamaica with geographic revenue of Ps. 1,696,338 , Ps. 2,201,495 and Ps. 3,653,334 during the years ended December 31, 2020, 2021 and 2022 respectively and non-current assets of Ps. 5,864,748 , Ps. 5,973,780 and Ps. 5,417,519 as of December 31, 2020, 2021 and 2022 respectively. Geographic revenue from customers located in Mexico amounted to Ps. 10,170,035 , Ps. 16,813,441 and Ps. 23,727,042 for the years ended December 31, 2020, 2021 and 2022 and non-current assets physically located in Mexico totaled Ps. 37,554,817 , Ps. 30,687,386 and Ps. 32,473,178 as of December 31, 2020, 2021 and 2022 respectively. There are no revenues generated from and no non-current assets located in Spain. - Major Customers – The Company has no dependence on a particular customer, as 50.0 %, 52.5 % and 52.8 % of the total revenues for 2020, 2021 and 2022, respectively, corresponds to the passenger charges that are paid by passengers upon use of the Company’s airport facilities, that is collected by the airlines to be subsequently reimbursed to the airports, and are covered by the airlines through guarantees issued in favor of the airports. Without the revenues from passenger charges that airlines collect on behalf of the Company, no one customer represents more than 10 % of the consolidated revenues. - Major suppliers – The Company has no dependence on a specific supplier, due to, no one supplier represents more than 10 % of its capital investments in productive assets and/or of the total operating costs. |