Televisa Reports Q4 & Full Year 2023 Results, Incorporates New Entity
Ticker: GRPFF · Form: 6-K · Filed: Feb 23, 2024 · CIK: 912892
| Field | Detail |
|---|---|
| Company | Grupo Televisa, S.A.B. (GRPFF) |
| Form Type | 6-K |
| Filed Date | Feb 23, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $828.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financial-report, corporate-action
TL;DR
**Televisa just dropped its Q4 and full-year 2023 results, plus they've set up a new entity for their spun-off businesses.**
AI Summary
Grupo Televisa, S.A.B. filed a Form 6-K on February 23, 2024, reporting its Fourth Quarter and Full Year 2023 results. A key highlight was the incorporation of a new controlling entity for its Spun-off Businesses, Ollaman, on January 31, 2024. The filing indicates the company is reporting its financial performance for the period ending December 31, 2023.
Why It Matters
This filing provides investors with the latest financial performance of Grupo Televisa, including details on its spun-off businesses, which can impact future stock valuation.
Risk Assessment
Risk Level: medium — This is a routine financial reporting filing and does not inherently indicate high or low risk without further analysis of the reported results.
Key Players & Entities
- GRUPO TELEVISA, S.A.B. (company) — registrant
- Ollaman (company) — new controlling entity of Spun-off Businesses
- January 31, 2024 (date) — incorporation date of Ollaman
- February 23, 2024 (date) — filing date of 6-K
- 2023 (date) — reporting period for Q4 and Full Year results
FAQ
What type of report did Grupo Televisa, S.A.B. file?
Grupo Televisa, S.A.B. filed a Form 6-K, which is a 'Report of Foreign Issuer Pursuant to Rules 13a-16 or 15d-16 Under the Securities Exchange Act of 1934'.
What is the Commission File Number for Grupo Televisa, S.A.B.?
The Commission File Number for Grupo Televisa, S.A.B. is 001-12610.
When was the new controlling entity for the Spun-off Businesses incorporated?
The new controlling entity of the Spun-off Businesses, named Ollaman, was incorporated on January 31, 2024.
What period do the reported results cover?
The filing reports 'Fourth Quarter and Full Year 2023 Results'.
What is the business address of Grupo Televisa, S.A.B.?
The business address of Grupo Televisa, S.A.B. is Av. Vasco de Quiroga No. 2000, Colonia Santa Fe, 01210 Mexico City, Mexico.
Filing Stats: 4,372 words · 17 min read · ~15 pages · Grade level 7 · Accepted 2024-02-23 16:31:49
Key Financial Figures
- $828.5 million — 31, 2023, we invested approximately U.S.$828.5 million in property, plant and equipment as cap
Filing Documents
- ff3063405_6kshort-grupo.htm (6-K) — 328KB
- image00002.jpg (GRAPHIC) — 3KB
- 0000895345-24-000078.txt ( ) — 334KB
forward-looking statements, whether as a result of new information, future events or otherwise
forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information Investor Relations www.televisair.com.mx Tel: (52 55) 5261 2445 Rodrigo Villanueva, VP, Head of Investor Relations / rvillanuevab@televisa.com.mx Andrs Audiffred, Investor Relations Director / aaudiffreda@televisa.com.mx Media Relations Rubn Acosta / Tel: (52 55) 5224 6420 / racostamo@televisa.com.mx Alejandra Garcia / Tel: (52 55) 4438 1205 / agarcial@televisa.com.mx 13 GRUPO TELEVISA, S.A.B. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 AND 2022 (Millions of Mexican Pesos) December 31, 2023 (Unaudited) December 31, 2022 (Audited) ASSETS Current assets: Cash and cash equivalents Ps. 32,586.3 Ps. 51,131.0 Trade notes and accounts receivable, net 8,131.5 8,457.3 Other accounts and notes receivable, net 342.5 315.0 Income taxes receivable 6,386.2 6,691.4 Other receivable taxes 7,158.7 6,593.7 Derivative financial instruments 251.7 11.2 Due from related parties 1,450.2 311.2 Transmission rights 1,725.6 888.3 Inventories 1,261.3 1,448.3 Contract costs 2,011.5 1,918.3 Reimbursement receivable - 1,431.5 Other current assets 1,661.7 2,379.6 Total current assets 62,967.2 81,576.8 Non-current assets: Trade notes and accounts receivable, net of current portion 428.7 438.4 Due from related party 4,630.5 6,365.0 Derivative financial instruments - 532.3 Transmission rights 641.2 1,022.8 Investments in financial instruments 2,586.6 3,389.5 Investments in associates and joint ventures 41,428.3 50,450.9 Property, plant and equipment, net 77,848.1 82,236.4 Investment property, net 2,790.2 2,873.2 Right-of-use assets, net 6,085.9 6,670.3 Intangible assets, net 40,398.5 41,123.6 Deferred income tax assets 18,497.0 18,770.0 Contract costs 3,318.7 3,399.9 Other a