Becle Company Presentation
Income Statement
Twelve months ended December 31st (1)
Fourth quarter ended December 31st
Jose Cuervo
2020
% of net sales
2021
% of net sales 2021 (USD) (2)
2020
% of net sales
2021
% of net sales 2021 (USD) (2)
(Ps&MM)
Net Sales
35,036
39,419
1,915
10,729
13,128
638
Cost of goods sold
16,790
47.9
18,145
46.0
882
5,545
51.7
5,843
44.5
284
Gross Profit
18,246
52.1
21,274
54.0
1,034
5,184
48.3
7,285
55.5
354
Advertising, marketing and promotion
6,688
19.1
8,689
22.0
422
2,537
23.6
3,420
26.0
166
Distribution
1,380
3.9
2,028
5.1
99
526
4.9
668
5.1
32
32
Selling and administrative
3,377
9.6
3,491
8.9
170
1,006
9.4
1,119
8.5
54
Other (income) - net
(92)
(0.3)
(55)
(0.1)
(3)
(25)
(0.2)
(18)
(0.1)
(1)
Operating Income
6,893
19.7
7,121
18.1
346
1,141
10.6
2,097
16.0
102
Financing results
38
0.1
214
0.5
10
7
0.1
(138)
(1.1)
(7)
Income before income taxes
6,854
19.6
6,907
17.5
336
1,134
10.6
2,235
17.0
109
Income taxes
1,702
4.9
1,874
4.8
91
215
2.0
659
5.0
32
Consolidated net income
5,152
14.7
5,034
12.8
245
919
8.6
1,576
12.0
77
EBITDA
7,607
21.7
7,938
20.1
386
1,315
12.3
2,316
17.6
113
Notes:
1. Audited financial results
2. U.S. dollars translated at 20.58 Mexican pesos solely for convenience of the reader
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