total shareholders' equity shareholders' equity total
TRANSCRIPT
2002 2001ASSETSCurrent Assets:Cash and cash equivalents 2,379,788 3,710,162Marketable securities 189,253 95,976Accounts receivable, net 5,423,035 5,982,013Prepaid expenses 385,318 407,210Total current assets 8,377,393 10,195,360
Plant, property, and equipment, net 30,902,684 30,025,481Inventory, allocated to Work in progress 512,791 687,761Works in progress 164,334 174,390Long-term investments 289,215 569,669Intangible assets 3,044,288 2,325,403Goodwill 75,278 244,977Total assets 42,365,982 44,223,043
LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilitiesShort-term and current portion long-term debt 4,721,574 12,435,984Accounts payable and accrued expenses 4,672,936 3,714,158Taxes payable 336,024 193,943Total current liabilities 9,730,534 16,344,084
Long-term debt 14,108,683 8,539,799Pensions and seniority premiums 1,437,407 1,830,495Deferred taxes 3,111,424 3,212,081Deferred credits 272,164 357,523Total liabilities 28,660,211 30,283,983
SHAREHOLDERS' EQUITYEquity of majority stockholdersCommon Stock Common stock - historical cost basis 88,863 94,568 Common stock - accumulated inflation adjustments 7,138,957 7,476,138
7,227,820 7,570,706Paid-in capital 2,803,326 2,803,328Retained earnings from previous years 15,930,865 13,638,737Net Income 6,343,412 7,461,658
22,274,276 21,100,395Other accumulated comprehensive income (18,599,651) (17,535,366)Total shareholders' equity 13,705,771 13,939,050
Total liabilities and shareholders' equity 42,365,982 44,223,043
CONSOLIDATED STATEMENT OF FINANCIAL POSITIONas of December 31, 2001 and 2002
(In thousands of nominal Mexican Pesos, at December 31, 2002 and 2001)
2002 2001Operating Revenue Local service 14,153,294 13,308,968 Foreign service 14,210,850 13,955,859 Other 1,596,930 1,505,565
29,961,074 28,770,392Operating expenses:Cost of sales and services 9,174,267 8,155,318Selling, general and administrative expenses 4,627,212 4,651,593Depreciation and amortization 4,659,853 4,771,773
18,461,343 17,578,685Operating income 11,499,731 11,191,707
Comprehensive financing cost:Interest earned (345,389) (909,830)Interest expense 1,889,254 2,815,763Foreign exchange income (loss), net (312,801) (22,929)Monetary income (loss), net (582,223) (966,938)
648,840 916,067Income before taxes and employees' share of profits 10,850,891 10,275,641
Provisions for: Income tax 3,585,376 2,208,912 Employees' share of profits 805,981 931,993
4,391,357 3,140,904Income before affiliated companies' share of profits 6,459,534 7,134,736
Affiliated companies' share of profits (116,122) (88,413)
Income from continuing operations 6,343,412 7,046,324
Income from subsidiaries, net income tax, and employees' share of profits 415,334Net profit 6,343,412 7,461,658
Earnings per share from continuing operations Basic 1.67 1.71 Diluted 1.56 1.62
Earnings per share Basic 1.67 1.81 Diluted 1.56 1.71
(In thousands of nominal Mexican Pesos at December 31, 2002, except per share
CONSOLIDATED STATEMENT OF INCOMEFor the Years ending December 31, 2002 and 2001
ESTA:DOS CONSOLIDADOS DE SITUAC|ON FINANCIERAAl 31 de diciembre del 2002 y 2001'
(En miles de pesos de poder adquisitivo al 31 de diciembre de 2002 y 2001)
2002
ACTTVOActivo Circulanle:Efectivo e inversiones lemporalesValores negociablesCuenlas por cobrar, netoPagos anticipadosSuma el activo circulanle
Propiedades, planta y equrpo. netolnventarios. destinados a la obra en cursoObras en cursoInversiones permanentesActivo intangible iCr6dito mercantil, neloSuma el activo
PASIVO Y CAPITAL CONTABLEPasivo Circulante:Deuda a corto plazo y porci6n circulante de la'deudaa Iargo prazo
Cuentas por pagar y pasivos acumulados
lmpusstos por pagar
9umr el pasivo clrculanto
Deuda a largo plazoPonsiones y primas d9 antigriedadlmpuestos diferidosQrdditos diforidssSuma el pa6lvo
CAPITAL CONTABLElnter6g mayoritarioCaplisl SEclol:
Hisl6ricoComplemento por actualizacion
Primq en vsnta ds accion€$Ulilidades aoumuladas:
De anog anlsriorseDol ano
otras Bartida$ de {!ilidad intggral aaumulsdasSumq rl snBilnl contsbli
Sumen ol prclvo y rl cnpllrl c0nirbls 4 2,366,981 44, I 23,043
2,379,7881 89,253
5,423,035385,318
8,377,393
30,902,684512,7911 64,334289 ,215
2,O44,28875,278
_____!2-es5,933_
4,721 ,57 4
4,672,936
_:__a!_e43l_" ,9,?E0,531,
1 4,1 08,6831,437 ,4073,1 11 ,424
27?,14428,660,2' t 1
88,8637, I 38,957r , (4t ,Q1u-T805,5e6-
15,930,865613 3,{19-
22,?74,.274(18,5e9,651)
,13,tpE,?71
2001
3 ,7 10 ,162
5,982,013407,210
1 0,1 95,360
30,025,48 1687,76117 4 ,390569,669
2,325,403244,977
____J!]23_,0!3_
12,435 ,9843,714,158
-, . . , 1 eQrq4s
. " 16",344,984
8,539,7991,830,495
3,212,08 1. 957,523
30,283,983
94,568_ *. ,. 7_,4.79+1_98
, 7,570,706-2,803,328
1 3,6ts9,7A7
".* 7. ,4q1,65.q.2 1 ,1 00,395
(1 7,535,366). ." 10.gti ,0qo
ESTADOS CONSOLIDADOS DE R ESULTADOSAl 31 de diciembre del 2002 Y 2001
(En miles de pesos, excepto utilidades por acci6n. de poder adquisitivoal 31 de diciembre de 2002)
2002lngresos de operaci0n:
Servicios localesServicios en el exteriorOtros
Costos y gastos de operaci6n;costo de venla y serviciosComerciales, administrativos y generalesDepreciaci6n y amorlizaci6n
Utllldad de operacl6n
Costo integral de linanciamienlo:r^.^.^^^^ ^^-^!^-r r rEr EDos gor raue-
rr r .vr vrEr PcgavvJ
Utilidad cambiaria, netaGanancia monetaria, neta
Utiljdad.antes de impuesto sobre la renta y participaci6n delos trabajadores en las utilidades
Provisiones para:lmpuegto oobra la rentaPadicipacidn de los trabajadores en las utllidades
Utitidad antgs do la participaci6n on los re6ultados decompanias asocladas
Partiaipacidn en 106 fesultados dF aompafrias agociadas
Utllldad de opofaclanei conlinuas
Utilidad de operaciones ?gcindidas' neta de! impuesto sobrslE r8nta y la padiclpacion de los lrabajadoree en laE utllidadesUtllidad neta
Utllldtd n6la por acgl6n d. utllidad6E conlinua!BisicaDiluida
Utllldad neta por EcclonBasicaDiluida
1,596.930 1.505.56529,961,074 28,770,392
1 4,1 53,29414.210,850
I ,17 4,2674.627 ,212
2001 _
1 3,308,9681 3,955,859
I 1q( CI R
/ aat 60e
ocv.60J 4.771 .77318.461.343 1 7,578,6851 1.499^731 1 1,1 91,707
1345,389)1,889,254(312,801)
(909,830)2,815,763
(22,929J
1 0.850.891 1 0,275,641
(582.223\ (966,938)648.840 91 6,067
2,?08,91 ?oei ooq
4.391 .357 3,1 40,904805.981
6.459,534 7,134,736
(116,122) (88,413)
41 5,3846-343.412 7.461.658
1 .67 1 .711 ,56 1.62
_1..67 _ -1.81 -. J.56 = 1.71 ,