o
|
Stockholders' Equity of $2,084.5 million.
|
o
|
Financial Debt of 12.2 percent from Stockholders' Equity.
|
o
|
Accumulated Financial expenses decreased 29.8 percent.
|
o
|
Consolidated revenues increased 23.5 percent.
|
o
|
Long-term contract for 3 specialized vessels (Mud-vessels).
|
As of 9/30/21
|
As of 12/31/20
| |
Short-Term Debt
|
$180.8
|
$129.1
|
Long-Term Debt
|
73.8
|
53.6
|
Total Debt
|
$254.6
|
$182.7
|
Cash
|
76.2
|
143.0
|
Net Debt
|
$178.4
|
$39.7
|
Short-Term Leases
|
$64.1
|
$58.2
|
Long-Term Leases
|
253.6
|
297.3
|
Leases IFRS 16
|
$317.7
|
$355.5
|
Stockholders' Equity
|
$2,084.5
|
$2,247.4
|
Book value per share
|
$20.4
|
$22.0
|
September 30, |
December 31,
| ||
2021
|
2020
| ||
Current assets:
| |||
Cash and cash equivalents
| |||
Cash in cash and banks
|
33.5
|
50.1
| |
Cash and temporary investments
|
0.9
|
53.1
| |
Restricted cash
|
41.9
|
39.7
| |
Total cash and cash equivalents
|
76.2
|
143.0
| |
Accounts receivable
| |||
Accounts receivable - Net
|
379.9
|
228.6
| |
Other accounts receivable
|
78.7
|
60.8
| |
Taxes to be recovered
|
254.7
|
203.5
| |
Prepaid expenses and others current assets
|
101.4
|
86.3
| |
Total current assets
|
891.0
|
722.2
| |
Taxes to be recovered long term
|
238.0
|
238.0
| |
Property, machinery and equipment
|
2,785.6
|
2,894.8
| |
Cumulative Depreciation
|
(320.3)
|
(366.1)
| |
Property, machinery and equipment - Net
|
2,465.3
|
2,528.7
| |
Rights of use
|
296.4
|
354.2
| |
Other assets
|
204.1
|
187.5
| |
Total assets
|
4,094.8
|
4,030.5
| |
Current liabilities:
| |||
Bank loans and current maturities of long-term liabilities
|
180.8
|
129.1
| |
Leases short-term
|
64.1
|
58.2
| |
Suppliers
|
430.3
|
229.0
| |
Other accounts payable and accrued expenses
|
551.9
|
526.6
| |
Total current liabilities
|
1,227.1
|
942.9
| |
Long-term liabilities:
| |||
Bank loans
|
73.8
|
53.6
| |
Leases long-term
|
253.6
|
297.3
| |
Deferred taxes
|
284.3
|
312.3
| |
Other long-term liabilities
|
171.4
|
177.0
| |
Total long-term liabilities
|
783.2
|
840.3
| |
Total liabilities
|
2,010.3
|
1,783.1
| |
Total stockholders´ equity | 2,084.5 | 2,247.4 | |
Total liabilities and stockholders´ equity | 4,094.8 | 4,030.5 |
Three months ended
|
Nine months ended
| ||||
September 30,
|
September 30,
| ||||
2021
|
2020
|
2021
|
2020
| ||
Maritime
|
287.5
|
171.4
|
670.3
|
553.7
| |
Ports and Terminals
|
51.2
|
69.1
|
177.4
|
245.4
| |
Warehousing Services
|
32.6
|
30.8
|
92.5
|
107.5
| |
Revenue from freight and services
|
371.3
|
271.3
|
940.3
|
906.6
| |
Maritime
|
(243.3)
|
(146.5)
|
(597.7)
|
(483.9)
| |
Ports and Terminals
|
(49.9)
|
(74.8)
|
(166.2)
|
(225.2)
| |
Warehousing Services
|
(23.5)
|
(31.9)
|
(68.5)
|
(91.4)
| |
Cost of freight and services
|
(316.7)
|
(253.2)
|
(832.4)
|
(800.5)
| |
Maritime
|
(3.7)
|
(9.7)
|
(12.5)
|
(32.0)
| |
Ports and Terminals
|
(6.9)
|
(8.7)
|
(25.9)
|
(28.1)
| |
Warehousing Services
|
(12.1)
|
(10.5)
|
(36.9)
|
(31.2)
| |
Depreciation and amortization
|
(22.8)
|
(29.0)
|
(75.2)
|
(91.3)
| |
Maritime
|
40.5
|
15.2
|
60.2
|
37.8
| |
Ports and Terminals
|
(5.6)
|
(14.4)
|
(14.7)
|
(7.9)
| |
Warehousing Services
|
(3.0)
|
(11.6)
|
(12.9)
|
(15.1)
| |
Results by business
|
31.8
|
(10.9)
|
32.6
|
14.7
| |
Corporate expenses
|
(30.9)
|
(28.6)
|
(102.7)
|
(79.6)
| |
Corporate depreciation and amortization
|
(1.1)
|
(2.1)
|
(3.3)
|
(14.1)
| |
Non-recurring (expenses) income
|
(11.0)
|
(207.4)
|
(69.6)
|
(181.5)
| |
Operating (loss) gain
|
(11.2)
|
(248.9)
|
(142.9)
|
(260.5)
| |
Financial (expenses) income - Net
|
(8.4)
|
(10.0)
|
(18.9)
|
(27.0)
| |
Leases financial expenses
|
(9.3)
|
(2.7)
|
(30.0)
|
(22.0)
| |
Exchange gain (loss) - Net
|
(7.7)
|
(3.9)
|
7.8
|
(54.2)
| |
Net financial cost |
(25.4) |
(16.5) |
(41.1) |
(103.2) | |
(loss) gain before taxes |
(36.6) |
(265.4) |
(184.1) |
(363.6) | |
Provision for taxes |
(0.1) |
(28.0) |
21.1 |
35.9 | |
Net (loss) gain for the period |
(36.7) |
(293.4) |
(162.9) |
(327.7) | |
Attributable to:
Minority interest
|
(0.5) |
(1.4) |
(6.8) |
(4.9) | |
Equity holders of GTMM, S.A.B. |
(36.2)
|
(292.1)
|
(156.1)
|
(322.8)
| |
Weighted average outstanding shares (millions)
|
102.183
|
102.183
|
102.183
|
102.183
| |
Income (loss) earnings per share (pesos/share)
|
(0.4)
|
(2.9)
|
(1.5)
|
(3.2)
| |
Outstanding shares at end of period (millions)
|
102.183
|
102.183
|
102.183
|
102.183
| |
Income (loss) earnings per share (pesos/share)
|
(0.4)
|
(2.9)
|
(1.5)
|
(3.2)
|
Three months ended
|
Nine months ended
| ||||
September 30,
|
September 30,
| ||||
2021
|
2020
|
2021
|
2020
| ||
Cash flow from operation activities:
| |||||
Net loss for the period
|
(36.7)
|
(293.4)
|
(162.9)
|
(327.7)
| |
Charges (credits) to income not affecting resources:
| |||||
Depreciation & amortization
|
23.9
|
31.4
|
78.5
|
106.5
| |
Deferred taxes
|
(2.8)
|
15.5
|
(28.0)
|
(64.6)
| |
Other non-cash items
|
22.9
|
162.9
|
100.7
|
161.7
| |
Total non-cash items
|
44.0
|
209.8
|
151.2
|
203.6
| |
Changes in assets & liabilities
|
(36.5)
|
(34.6)
|
(84.3)
|
(121.5)
| |
Total adjustments
|
7.6
|
175.2
|
66.9
|
82.1
| |
Net cash used in operating activities
|
(29.2)
|
(118.3)
|
(96.0)
|
(245.6)
| |
Cash flow from investing activities:
| |||||
Proceeds from sales of assets
|
-
|
0.2
|
83.5
|
0.6
| |
Payments for purchases of assets
|
(29.6)
|
(5.3)
|
(41.8)
|
(14.9)
| |
Net cash (used in) provided by investment activities
|
(29.6)
|
(5.1)
|
41.7
|
(14.4)
| |
Cash flow provided by financing activities:
| |||||
Short-term borrowings (net)
|
44.0
|
5.8
|
33.8
|
(29.2)
| |
Repayment of leases
|
(24.5)
|
(18.3)
|
(69.1)
|
(70.3)
| |
Proceeds from (repayment of) long-term debt
|
(3.1)
|
11.2
|
19.7
|
(14.6)
| |
Net cash provided by (used in) financing activities
|
16.5
|
(1.3)
|
(15.6)
|
(114.1)
| |
Exchange effect on cash
|
4.4
|
(11.2)
|
3.2
|
49.7
| |
Net decrease in cash
|
(38.0)
|
(135.8)
|
(66.7)
|
(324.3)
| |
Cash at beginning of period
|
114.2
|
324.3
|
143.0
|
512.8
| |
Cash at end of period
|
76.2
|
188.5
|
76.2
|
188.5
|
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Disclaimer
Grupo TMM SAB published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 15:11:03 UTC.