Balance General

En miles de dlares a fin de cada periodo.

2015
Activo total
Efectivo y equivalentes de efectivo
Clientes, neto de estimaciones por incobrables
Otras cuentas por cobrar
Inventarios, neto
Activos mantenidos para su venta
Otros activos circulantes
Activo circulante
Propiedades, maquinaria y equipo, neto
Otros activos
Pasivo total
Pasivos mantenidos para su venta
Otros pasivos circulantes
Pasivo circulante
Pasivo largo plazo
Otros pasivos
Capital contable total
Participacin no controladora e instrumentos perpetuos
Total de la participacin controladora

1Q
34,424,331
929,251
1,879,469
384,639
1,204,577
398,971
419,165
5,216,071
13,108,895
16,099,365
24,860,289
128,459
5,822,948
5,951,407
13,402,255
5,506,628
9,564,041
1,138,396
8,425,646

2Q
33,998,588
476,354
1,970,281
373,106
1,171,789
425,103
376,726
4,793,360
13,067,730
16,137,498
24,060,381
147,974
4,346,976
4,494,950
13,868,267
5,697,164
9,938,208
1,172,403
8,765,805

7%
2015

2016
3Q
32,953,427
456,650
1,856,308
331,174
1,090,722
423,383
330,078
4,488,313
12,555,240
15,909,873
23,548,739
149,160
4,260,485
4,409,645
13,555,843
5,583,252
9,404,687
1,166,795
8,237,892

4Q
35,260,167
488,615
1,986,249
354,356
1,167,072
453,019
353,183
4,802,495
13,434,107
17,023,564
25,197,151
159,601
4,558,719
4,718,320
14,504,752
5,974,080
10,063,015
1,248,471
8,814,545

1Q
32,193,030
1,273,055
1,724,970
281,517
1,052,331
296,304
352,112
4,980,288
12,347,267
14,865,475
22,839,596
70,594
4,010,713
4,081,307
14,310,191
4,448,098
9,353,434
1,177,814
8,175,620

2Q
30,784,048
614,302
1,735,892
255,941
955,245
211,479
619,851
4,392,710
11,838,207
14,553,131
21,350,783
45,461
4,035,744
4,081,206
12,999,393
4,270,184
9,433,265
1,198,245
8,235,019

3Q
30,369,239
589,738
1,699,570
249,975
934,325
787,951
248,130
4,509,690
11,592,172
14,267,377
20,443,739
56,137
4,267,313
4,323,450
11,894,429
4,225,860
9,925,500
1,404,144
8,521,356

CEMEX S.A
6.5%
4Q
32,343,240
628,071
1,810,042
266,223
995,056
839,168
264,259
4,802,820
12,345,664
15,194,757
21,772,582
59,786
4,544,688
4,604,474
12,667,567
4,500,541
10,570,658
1,495,413
9,075,244

Analisis vertical 2015

P2
P3

P1
214%
6%
12%
2%
7%
2%
3%
32%
81%
100%
451%
2%
106%
108%
243%
100%
114%
14%
100%

211%
3%
12%
2%
7%
3%
2%
30%
81%
100%
422%
3%
76%
79%
243%
100%
113%
13%
100%

207%
3%
12%
2%
7%
3%
2%
28%
79%
100%
422%
3%
76%
79%
243%
100%
114%
14%
100%

P4
207%
3%
12%
2%
7%
3%
2%
28%
79%
100%
422%
3%
76%
79%
243%
100%
114%
14%
100%

CEMEX S.A.B. de C.V.

Analisis vertical 2016

P2
P3

P1
217%
9%
12%
2%
7%
2%
2%
34%
83%
100%
513%
2%
90%
92%
322%
100%
116%
16%
100%

212%
4%
12%
2%
7%
1%
4%
30%
81%
100%
500%
1%
95%
96%
304%
100%
115%
15%
100%

P4

213%
4%
12%
2%
7%
6%
2%
32%
81%
100%
484%
1%
101%
102%
281%
100%
116%
16%
100%

213%
4%
12%
2%
7%
6%
2%
32%
81%
100%
484%
1%
101%
102%
281%
100%
116%
16%
100%

Analisis Horizontal 2016

Variacion Absoluta

P1
(2,231,301)
343,804
(154,499)
(103,122)
(152,246)
(102,667)
(67,053)
(235,783)
(761,628)
(1,233,890)
(2,020,694)
(57,865)
(1,812,235)
(1,870,100)

P2
###
137,948
(234,390)
(117,165)
(216,544)
(213,624)
243,124
(400,650)
###
###
###
(102,513)
(311,232)
(413,745)

P3
(2,584,187)
133,089
(156,738)
(81,199)
(156,397)
364,569
(81,947)
21,376
(963,068)
(1,642,496)
(3,105,000)
(93,023)
6,828
(86,195)

P4
(2,916,927)
139,456
(176,207)
(88,133)
(172,016)
386,149
(88,924)
324
(1,088,443)
(1,828,808)
(3,424,569)
(99,815)
(14,031)
(113,846)

907,936
(1,058,530)
(210,608)
39,418
(250,026)

(868,873)
###
(504,943)
25,842
(530,785)

(1,661,413)
(1,357,392)
520,813
237,349
283,464

(1,837,184)
(1,473,538)
507,642
246,943
260,699

Analisis Horizontal 2016

Variacion relativa

P1
(6.48)
37.00
(8.22)
(26.8)
(12.64)
(25.73)
(16.00)
(4.52)
(5.81)
(7.66)
(8.13)
(45.05)
(31.12)
(31.42)

P2
(9.45)
28.96
(11.90)
(31.40)
(18.48)
(50.25)
64.54
(8.36)
(9.41)
(9.82)
(11.26)
(69.28)
(7.16)
(9.20)

P3
(7.84)
29.14
(8.44)
(24.52)
(14.34)
86.11
(24.83)
0.48
(7.67)
(10.32)
(13.19)
(62.36)
0.16
(1.95)

P4
(8.27)
28.54
(8.87)
(24.87)
(14.74)
85.24
(25.18)
0.01
(8.10)
(10.74)
(13.59)
(62.54)
(0.31)
(2.41)

6.77
(19.22)
(2.20)
3.46
(2.97)

(6.27)
(25.05)
(5.08)
2.20
(6.06)

(12.26)
(24.31)
5.54
20.34
3.44

(12.67)
(24.67)
5.04
19.78
2.96

Estado de Resultados
En miles de dlares a fin de cada periodo, excepto utilidad por CPO.

Ventas netas
Costo de ventas
Utilidad bruta
Gastos de operacin
Resultado de operacin antes de otros gastos, neto
Otros gastos, neto
Resultado de operacin
Gastos financieros
Otros (gastos) productos financieros, neto
Productos financieros
Resultado por instrumentos financieros, neto
Resultado por fluctuacin cambiaria
Efectos del valor presente neto en activos y pasivos, neto y otros
Ganancia (prdida) en participacin de asociadas
Utilidad (prdida) antes de impuestos a la utilidad
Impuestos a la utilidad
Utilidad (prdida) neta de operaciones continuas
Operaciones discontinuas
Utilidad (prdida) neta consolidada
Participacin no controladora
Utilidad (prdida) neta de la participacin controladora
Utilidad (prdida) de operaciones continuaspor CPO
Utilidad (prdida) de operaciones discontinuaspor CPO
Flujo de operacin* (1)
Flujo de efectivo libre despus de inversiones en activo fijo de mantenimiento*
Flujo de efectivo libre*

7%
2015
$

1Q
3,313,500
(2,295,558)
1,017,942
(682,105)
335,837
1,640
337,478
(341,255)
(10,986)
3,557
(59,146)
58,905
(14,302)
(14,641)
(29,404)
(102,300)
(131,704)
(1,305)
(133,009)
15,714

2Q

2
3Q

4Q

$3,707,664 $3,637,024
(2,439,675) (2,399,357)
1,267,989 1,237,667
(784,087)
(798,321)
483,902
439,346
(3,528)
(88,383)
480,374
350,964
(312,191)
(309,897)
19,703
(75,904)
5,275
4,418
(8,777)
(81,797)
37,903
15,674
(14,699)
(14,199)
12,475
30,676
200,362
(4,161)
(81,834)
(30,994)
118,528
(35,156)
11,330
3,377
129,857
(31,778)
16,139
12,337
113,718
(44,116)
(148,723)
0.09
(0.02)
(0.01)
0.01
0.00
(0.00)
724,992
676,449
564,778
(281)

102

(357)

63

$ 3,891,616
$ (2,567,312)
$ 1,324,304
$
(854,203)
$
470,101
$
(94,570)
$
375,531
$
(331,590)
$
(81,217)
$
4,727
$
(87,523)
$
16,771
$
(15,193)
$
32,823
$
(4,453)
$
(33,164)
$
(37,616)
$
3,614
$
(34,003)
$
13,201
$
(47,204)
$
(0)
$
0
$
723,800
467
436 $
403
377 $

1Q
3,198,016
(2,169,027)
1,028,989
(671,107)
357,882
(14,709)
343,173
(270,114)
14,772
7,761
22,255
(418)
(14,826)
2,404
90,236
(42,439)
47,797
1,058
48,855
13,398
35,457
0.00
0.00
582,519
8
(35)

CEMEX S.A.B. de C.V.

Analisis Vertical 2

6.50%
2016
2Q

3Q

$3,681,586 $3,578,706
(2,366,649) (2,277,699)
1,314,937 1,301,006
(776,366)
(750,209)
538,572
550,797
(40,497)
(25,502)
498,075
525,296
(342,729)
(293,616)
73,597
102,373
3,376
6,316
(24,327)
22,916
108,455
86,848
(13,906)
(13,706)
13,857
13,732
242,800
347,784
(39,233)
(43,334)
203,567
304,450
23,897
(385)
227,464
304,066
22,062
18,480
205,402
285,586
0.14
0.21
0.02
(0.00)
770,516
779,929
478
548
422
470

4Q

$ 3,811,321
$ (2,425,750)
$ 1,385,572
$
(798,973)
$
586,599
$
(27,159)
$
559,440
$
(312,702)
$
109,027
$
6,726
$
24,405
$
92,493
$
(14,597)
$
14,625
$
370,390
$
(46,151)
$
324,240
$
(410)
$
323,830
$
19,681
$
304,149
$
0
$
(0)
$
830,624
$
584
$
501

P1
326%
-226%
100%
-203%
100%
0%
100%
-579%
-19%
6%
-100%
100%
-91%
-93%
-187%
-651%
-838%
-8%
-846%
100%
41659%
0%
0%
-158201%
79%
100%

S.A.B. de C.V.

Analisis Vertical 2015

P2
292%
-192%
100%
-162%
100%
-1%
100%
-824%
52%
14%
-23%
100%
-91%
77%
1241%
-507%
734%
70%
805%
100%
180505%
0%
0%
1150782%
162%
100%

Analisis vertica

P3

P4

294%
-194%
100%
-182%
100%
-25%
100%
-1977%
-484%
28%
-522%
100%
-115%
249%
-34%
-251%
-285%
27%
-258%
100%
-11702%
0%
0%
179429%
116%
100%

294%
-194%
100%
-182%
100%
-25%
100%
-1977%
-484%
28%
-522%
100%
-115%
249%
-34%
-251%
-285%
27%
-258%
100%
-11702%
0%
0%
179429%
116%
100%

P1
311%
-211%
100%
-188%
100%
-4%
100%
64666%
-3537%
-1858%
-5328%
100%
-111%
18%
673%
-317%
357%
8%
365%
100%
-101305%
0%
0%
-1664339%
-23%
100%

Analisis vertical 2016

P2

P3

P4

P1

280%
-180%
100%
-144%
100%
-8%
100%
-316%
68%
3%
-22%
100%
-63%
63%
1101%
-178%
923%
108%
1031%
100%

275%
-175%
100%
-136%
100%
-5%
100%
-338%
118%
7%
26%
100%
-74%
74%
1882%
-234%
1647%
-2%
1645%
100%

275%
-175%
100%
-136%
100%
-5%
100%
-338%
118%
7%
26%
100%
-74%
74%
1882%
-234%
1647%
-2%
1645%
100%

48673%

60763%

60763%

0%

0%

0%

0%
182587%
113%

0%
165942%
117%

0%
165942%
117%

100%

100%

100%

Analisis Horizontal 2016

Variacion absoluta
P2

(115,484)
126,530
11,047
10,998
22,045
(16,349)
5,696
71,141
25,759
4,205
81,400
(59,323)
(523)
17,044
119,640
59,861
179,501
2,363
181,864
(2,316)
184,180
0
0
17,741
289
322

(26,078)
73,026
46,948
7,722
54,670
(36,969)
17,701
(30,539)
53,894
(1,899)
(15,550)
70,551
792
1,382
42,438
42,601
85,039
12,567
97,606
5,922
91,684
0
0
45,523
376
359

isis Horizontal 2016

ariacion absoluta
P3
(58,318)
121,658
63,339
48,112
111,451
62,881
174,332
16,281
178,277
1,898
104,713
71,174
493
(16,944)
351,946
(12,340)
339,606
(3,762)
335,844
6,142
329,701
0
(0)
103,480
112
93

P4
(80,294)
141,562
61,268
55,230
116,499
67,410
183,909
18,888
190,245
1,999
111,928
75,722
596
(18,199)
374,843
(12,987)
361,856
(4,023)
357,832
6,480
351,353
0
(0)
106,824
117
97

P1

Analisis Horizontal 2016

Variacion Relativa %
P2
P3

(3.49)
(5.51)
1.09
(1.61)
6.56
(996.60)
1.69
(20.85)
(234.46)
118.22
(137.63)
(100.71)
3.66
(116.42)
(406.88)
(58.52)
(136.29)
(181.06)
(136.73)
(14.74)
(123.84)
(137.10)
(178.24)
3.14
(102.85)
(90.20)

(0.70)
(2.99)
3.70
(0.98)
11.30
1,048.01
3.68
9.78
273.54
(36.01)
177.17
186.13
(5.39)
11.08
21.18
(52.06)
71.75
110.92
75.16
36.70
80.62
66.08
106.36
6.28
368.63
569.84

(1.60)
(5.07)
5.12
(6.03)
25.37
(71.15)
49.67
(5.25)
(234.87)
42.96
(128.02)
454.09
(3.47)
(55.24)
(8,457.21)
39.81
(966.01)
(111.39)
(1,056.84)
49.79
(747.36)
(1,023.48)
(111.33)
15.30
25.69
24.67

tal 2016
tiva %
P4
(2.06)
(5.51)
4.63
(6.47)
24.78
(71.28)
48.97
(5.70)
(234.24)
42.29
(127.88)
451.50
(3.92)
(55.44)
(8,418.16)
39.16
(961.96)
(111.34)
(1,052.37)
49.09
(744.33)
(1,019.16)
(111.27)
14.76
25.10
24.09