Grupo Televisa Files 6-K with Financial Updates

TL;DR

Televisa dropped its Q1 2024 financials, check the balance sheet.

AI Summary

Grupo Televisa, S.A.B. filed a Form 6-K on May 7, 2024, reporting quarterly financial information. The filing includes statements of financial position, detailing current and non-current assets and liabilities, as well as management commentary and general information about their financial statements.

Why It Matters

This filing provides investors with updated financial data for Grupo Televisa, S.A.B., allowing them to assess the company's current financial health and performance.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain new material events or significant changes.

Key Players & Entities

• Grupo Televisa, S.A.B. (company) — Filer of the report
• 001-12610 (company) — SEC File Number
• May 7, 2024 (date) — Filing date

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

• ff3341857_6k-grupolong.htm (6-K) — 2840KB
• 0000895345-24-000152.txt ( ) — 2841KB

From the Filing

.htm UNITED STATES 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 May, 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 16 [310000] Statement of comprehensive income, profit or loss, by function of expense 18 [410000] Statement of comprehensive income, OCI components presented net of tax 19 [520000] Statement of cash flows, indirect method 21 [610000] Statement of changes in equity - Accumulated Current 23 [610000] Statement of changes in equity - Accumulated Previous 26 [700000] Informative data about the Statement of financial position 29 [700002] Informative data about the Income statement 30 [700003] Informative data - Income statement for 12 months 31 [800001] Breakdown of credits 32 [800003] Annex - Monetary foreign currency position 34 [800005] Annex - Distribution of income by product 35 [800007] Annex - Financial derivative instruments 36 [800100] Notes - Subclassifications of assets, liabilities and equities 41 [800200] Notes - Analysis of income and expense 45 [800500] Notes - List of notes 46 [800600] Notes - List of accounting policies 60 [813000] Notes - Interim financial reporting 74 Footnotes 94 1 of 94 [105000] Management commentary Management commentary Mexico City, May 2, 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) 26,411.3 35.6 28,010.1 36.8 (5.7) (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 5.7%, translating into a 35.6% 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 (8,807.3) (11.9) 45,283.9 60.0 n/a Net (loss) income attributable to stockholders of the Company (8,422.7) (11.4) 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) 26,411.3 35.6 28,010.1 36.8 (5.7) (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.8,422.7 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.53,134.9 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.1,712.0 million decrease in operating income before other expense; (iii) a Ps.51.2 million increase in other expense, net; and (iv) a Ps.3,905.8 million unfavorable change in income tax benefit or expense. These unfavorable variances were partially offset by (i) a Ps.4,508.4 million decrease in finance expense, net; (ii) a Ps.3,291.6 million decrease in share of loss of associates and joint ventures, net; and (iii) a Ps.956.3 million favorable change in net income or loss attributable to non-controlling interests. 2 of 94 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 tele

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View this 6-K filing on SEC EDGAR