GRUPO TELEVISA Files 6-K, Confirms 20-F Annual Reporting

TL;DR

**GRUPO TELEVISA just filed a 6-K, confirming they're sticking with Form 20-F for annual reports and setting the stage for financial disclosures.**

AI Summary

GRUPO TELEVISA, S.A.B. filed a Form 6-K on February 29, 2024, for the month of February 2024, indicating it will file annual reports under Form 20-F. The filing, with Commission File Number 001-12610, includes sections for Quarterly Financial Information, Management commentary, General information about financial statements, Statement of financial position, current/non-current, and Statement of comprehensive income, profit or loss, by function of expense. The company's business address is Av. Vasco de Quiroga No. 2000, Colonia Santa Fe, 01210 Mexico City, Mexico.

Why It Matters

This filing provides a foundational update on GRUPO TELEVISA's reporting structure and indicates upcoming financial disclosures, which are crucial for investors to assess the company's performance and position.

Risk Assessment

Risk Level: low — This is a routine administrative filing that does not contain any specific financial or operational risks.

Key Players & Entities

• GRUPO TELEVISA, S.A.B. (company) — registrant
• February 2024 (date) — period of report
• February 29, 2024 (date) — filing date
• 001-12610 (other) — Commission File Number
• Mexico City, Mexico (other) — principal executive offices location

FAQ

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

• ff3063914_6klong-grupo.htm (6-K) — 2852KB
• 0000895345-24-000082.txt ( ) — 2853KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2024 Commission File Number: 001-12610 GRUPO TELEVISA, S.A.B. (Translation of registrant's name into English) Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico (Address of principal executive offices) (Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.) Form 20-F Form 40-F Quarterly Financial Information [105000] Management commentary 2 [110000] General information about financial statements 13 [210000] Statement of financial position, current/non-current 15 [310000] Statement of comprehensive income, profit or loss, by function of expense 17 [410000] Statement of comprehensive income, OCI components presented net of tax 18 [520000] Statement of cash flows, indirect method 20 [610000] Statement of changes in equity - Accumulated Current 22 [610000] Statement of changes in equity - Accumulated Previous 25 [700000] Informative data about the Statement of financial position 28 [700002] Informative data about the Income statement 29 [700003] Informative data - Income statement for 12 months 30 [800001] Breakdown of credits 31 [800003] Annex - Monetary foreign currency position 33 [800005] Annex - Distribution of income by product 34 [800007] Annex - Financial derivative instruments 35 [800100] Notes - Subclassifications of assets, liabilities and equities 40 [800200] Notes - Analysis of income and expense 44 [800500] Notes - List of notes 45 [800600] Notes - List of accounting policies 63 [813000] Notes - Interim financial reporting 81 Footnotes 101 1 of 101 [105000] Management commentary Management commentary Mexico City, February 22, 2024 — Grupo Televisa, S.A.B. (NYSE:TV; BMV: TLEVISA CPO; "Televisa" or "the Company"), today announced results for the full year and fourth quarter of 2023. The results have been prepared in accordance with International Financial Reporting Standards ("IFRS"). Financials have been adjusted to reflect the impact of the TelevisaUnivision, Inc. ("TelevisaUnivision") transaction which was closed on January 31, 2022. Results from the content assets included in the transaction are presented as discontinued operations. The following table sets forth condensed consolidated statements of income for the years ended December 31, 2023 and 2022, in millions of Mexican pesos. 2023 Margin 2022 Margin Change % % % Revenues 73,767.9 100.0 75,526.6 100.0 (2.3) Operating segment income 1 26,504.8 35.7 28,010.1 36.8 (5.4) (1) The operating segment income margin is calculated as a percentage of segment revenues. Revenues decreased by 2.3% to Ps.73,767.9 million in 2023 compared with Ps.75,526.6 million in 2022. This decrease was due to a revenue decline in the Sky segment. Operating segment income decreased by 5.4%, translating into a 35.7% margin. The following table sets forth condensed consolidated statements of income for the years ended December 31, 2023 and 2022, in millions of Mexican pesos: 2023 Margin 2022 Margin Change % % % Revenues 73,767.9 100.0 75,526.6 100.0 (2.3) Net (loss) income (10,611.6) (14.4) 45,283.9 60.0 n/a Net (loss) income attributable to stockholders of the Company (10,235.9) (13.9) 44,712.2 59.2 n/a Segment revenues 74,258.3 100.0 76,089.6 100.0 (2.4) Operating segment income (1) 26,504.8 35.7 28,010.1 36.8 (5.4) (1) The operating segment income margin is calculated as a percentage of segment revenues. Net income or loss attributable to stockholders of the Company amounted to a net loss of Ps.10,235.9 million for the year ended December 31, 2023, compared with a net income of Ps.44,712.2 million for the year ended December 31, 2022. The unfavorable change of Ps.54,948.1 million reflected (i) the absence in 2023 of a Ps.56,222.2 million income from discontinued operations that we recognized in 2022 in connection with the TelevisaUnivision transaction; (ii) a Ps.1,703.7 million decrease in operating income before other expense; (iii) a Ps.51.2 million increase in other expense, net; and (iv) a Ps.3,668.4 million unfavorable change in income tax benefit or expense. These unfavorable variances were partially offset by (i) a Ps.4,581.9 million decrease in finance expense, net; (ii) a Ps.1,168.1 million decrease in share of loss of associates and joint ventures, net; and (iii) a Ps.947.4 million favorable change in net income or loss attributable to non-controlling interests. 2 of 101 Disclosure of nature of business Grupo Televisa S.A.B. ("Televisa") is a major telecommunications corporation which owns and operates one of the most significant cable companies as well as a leading direct-to-home satellite pay television s

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View this 6-K filing on SEC EDGAR