Grupo Financiero Banorte, S.A.B. de C.V (GFNORTEO.MX) Financial Statements
Price: $149.37
Market Cap: $420.20B
Avg Volume: 6.98M
Market Cap: $420.20B
Avg Volume: 6.98M
Country: MX
Industry: Banks - Regional
Sector: Financial Services
Industry: Banks - Regional
Sector: Financial Services
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Grupo Financiero Banorte, S.A.B. de C.V.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $218.04B | $196.70B | $179.54B | $160.97B | $143.66B | $138.05B | $129.90B | $110.53B | $90.22B | $85.62B |
| Cost of Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $218.04B | $196.70B | $179.54B | $160.97B | $143.66B | $138.05B | $129.90B | $110.53B | $90.22B | $85.62B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $54.63B | $11.52B | $10.83B | $12.19B | $12.00B | $11.79B | $11.74B | $11.15B | $9.57B | $10.02B |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $54.63B | $11.52B | $10.83B | $12.19B | $12.00B | $11.79B | $11.74B | $11.15B | $9.57B | $10.02B |
| Other Expenses | $163.42B | $98.16B | $94.39B | $93.23B | $70.72B | $62.67B | $- | $-3.02B | $736.00M | $- |
| Operating Expenses | $218.04B | $109.68B | $105.22B | $105.42B | $82.73B | $74.46B | $70.97B | $62.88B | $52.68B | $52.65B |
| Cost and Expenses | $218.04B | $109.68B | $105.22B | $105.42B | $82.73B | $74.46B | $70.97B | $62.88B | $52.68B | $52.65B |
| Interest Income | $405.43B | $375.50B | $268.63B | $133.25B | $132.16B | $149.11B | $136.30B | $109.34B | $79.06B | $68.98B |
| Interest Expense | $266.07B | $248.01B | $152.47B | $40.77B | $47.90B | $68.69B | $60.75B | $44.63B | $27.38B | $23.75B |
| Depreciation and Amortization | $5.25B | $4.49B | $4.37B | $2.59B | $2.29B | $2.09B | $2.22B | $1.69B | $1.17B | $1.37B |
| EBITDA | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | 121.53% | 29.94% | 29.82% | 37.24% | 35.27% | 31.34% | 30.32% | 28.72% |
| Operating Income | $- | $- | $213.84B | $45.60B | $40.56B | $49.32B | $43.59B | $32.96B | $26.19B | $23.21B |
| Operating Income Ratio | 0.00% | 0.00% | 119.10% | 28.33% | 28.23% | 35.73% | 33.56% | 29.82% | 29.02% | 27.11% |
| Total Other Income Expenses Net | $75.33B | $70.97B | $-151.85B | $491.00M | $389.00M | $509.00M | $456.00M | $252.00M | $25.00M | $240.00M |
| Income Before Tax | $75.33B | $70.97B | $61.99B | $46.09B | $40.95B | $49.83B | $44.05B | $33.21B | $26.21B | $23.45B |
| Income Before Tax Ratio | 34.55% | 36.08% | 34.53% | 28.64% | 28.50% | 36.10% | 33.91% | 30.05% | 29.05% | 27.39% |
| Income Tax Expense | $19.13B | $17.83B | $15.96B | $10.56B | $10.05B | $12.79B | $11.64B | $9.05B | $6.88B | $6.11B |
| Net Income | $56.19B | $52.42B | $45.41B | $35.05B | $30.51B | $36.53B | $31.96B | $23.91B | $19.31B | $17.11B |
| Net Income Ratio | 25.77% | 26.65% | 25.29% | 21.77% | 21.24% | 26.46% | 24.60% | 21.63% | 21.40% | 19.98% |
| EPS | $20.00 | $18.00 | $16.11 | $12.23 | $10.70 | $12.75 | $11.24 | $8.69 | $7.01 | $6.19 |
| EPS Diluted | $20.00 | $18.31 | $15.96 | $12.15 | $10.58 | $12.69 | $11.09 | $8.62 | $6.96 | $6.17 |
| Weighted Average Shares Outstanding | 2.81B | 2.91B | 2.86B | 2.87B | 2.85B | 2.87B | 2.84B | 2.75B | 2.75B | 2.76B |
| Weighted Average Shares Outstanding Diluted | 2.81B | 2.86B | 2.88B | 2.88B | 2.88B | 2.88B | 2.88B | 2.77B | 2.77B | 2.77B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $98.70B | $100.23B | $108.25B | $98.84B | $109.31B | $62.80B | $75.64B | $76.27B | $65.89B | $107.85B |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $98.70B | $100.23B | $108.25B | $98.84B | $109.31B | $62.80B | $75.64B | $76.27B | $65.89B | $107.85B |
| Net Receivables | $56.23B | $41.37B | $36.98B | $30.39B | $39.47B | $28.44B | $34.83B | $40.79B | $39.16B | $20.56B |
| Inventory | $- | $54.55B | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $-56.23B | $-54.55B | $16.41B | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $98.70B | $141.60B | $145.89B | $129.23B | $148.77B | $91.24B | $110.47B | $117.06B | $105.05B | $128.41B |
| Property Plant Equipment Net | $36.35B | $34.45B | $35.90B | $21.45B | $32.63B | $18.76B | $17.68B | $18.17B | $15.83B | $14.54B |
| Goodwill | $28.07B | $26.82B | $26.74B | $26.73B | $26.72B | $26.70B | $24.45B | $12.64B | $12.68B | $16.36B |
| Intangible Assets | $14.90B | $17.27B | $18.09B | $- | $- | $- | $4.51B | $8.59B | $8.79B | $8.73B |
| Goodwill and Intangible Assets | $42.96B | $44.09B | $44.83B | $26.73B | $26.72B | $26.70B | $28.96B | $21.23B | $21.46B | $25.09B |
| Long Term Investments | $1.02T | $491.44B | $426.29B | $381.71B | $356.21B | $259.71B | $254.24B | $226.55B | $200.74B | $152.03B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-1.10T | $-569.99B | $-507.01B | $-429.89B | $-415.56B | $-305.17B | $-300.88B | $-265.95B | $-238.03B | $-191.66B |
| Total Non-Current Assets | $2.37T | $569.99B | $507.01B | $429.89B | $415.56B | $305.17B | $300.88B | $265.95B | $238.03B | $191.66B |
| Other Assets | $2.47T | $1.56T | $1.42T | $1.29T | $1.22T | $1.18T | $1.21T | $971.14B | $925.04B | $878.41B |
| Total Assets | $2.47T | $2.27T | $2.07T | $1.85T | $1.79T | $1.58T | $1.62T | $1.35T | $1.27T | $1.20T |
| Account Payables | $73.18B | $32.90B | $29.32B | $13.40B | $11.75B | $12.46B | $18.79B | $27.13B | $17.67B | $7.54B |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $9.13B | $10.88B | $6.77B | $1.61B | $4.37B | $3.59B | $3.30B | $3.13B | $3.11B | $3.58B |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-82.31B | $-43.77B | $-36.09B | $-15.02B | $-16.12B | $-6.08B | $-17.61B | $-14.21B | $-13.44B | $-3.58B |
| Total Current Liabilities | $- | $- | $29.32B | $13.40B | $11.75B | $9.97B | $4.47B | $16.05B | $7.35B | $7.54B |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $55.23B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-55.23B |
| Total Non-Current Liabilities | $- | $- | $125.45B | $140.50B | $140.10B | $115.97B | $169.51B | $82.14B | $91.71B | $55.23B |
| Other Liabilities | $2.22T | $2.03T | $-29.32B | $-13.40B | $-11.75B | $1.26T | $1.27T | $1.11T | $1.03T | $998.35B |
| Total Liabilities | $2.22T | $2.03T | $125.45B | $140.50B | $140.10B | $1.38T | $1.45T | $1.21T | $1.13T | $1.06T |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $9.76B | $14.99B | $14.96B | $14.96B | $14.92B | $14.99B | $14.96B | $14.59B | $14.57B | $14.61B |
| Retained Earnings | $452.70B | $155.93B | $145.22B | $165.12B | $149.28B | $126.61B | $108.51B | $95.20B | $87.80B | $79.97B |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $-214.02B | $78.44B | $75.87B | $54.15B | $58.04B | $52.11B | $48.81B | $35.96B | $38.37B | $40.88B |
| Total Stockholders Equity | $248.43B | $249.35B | $236.04B | $234.23B | $222.24B | $193.72B | $172.28B | $145.75B | $140.75B | $135.45B |
| Total Equity | $247.45B | $249.21B | $239.03B | $237.24B | $225.10B | $196.00B | $174.46B | $147.58B | $142.70B | $137.35B |
| Total Liabilities and Stockholders Equity | $2.47T | $2.27T | $2.07T | $1.85T | $1.79T | $1.58T | $1.62T | $1.35T | $1.27T | $1.20T |
| Minority Interest | $-981.81M | $-148.00M | $2.99B | $3.01B | $2.86B | $2.28B | $2.19B | $1.83B | $1.96B | $1.90B |
| Total Liabilities and Total Equity | $2.47T | $2.27T | $2.07T | $1.85T | $1.79T | $1.58T | $1.62T | $1.35T | $1.27T | $1.20T |
| Total Investments | $1.02T | $491.44B | $426.29B | $381.71B | $356.21B | $259.71B | $254.24B | $226.55B | $200.74B | $152.03B |
| Total Debt | $- | $130.54B | $125.45B | $140.50B | $140.10B | $115.97B | $169.51B | $82.14B | $91.71B | $55.23B |
| Net Debt | $-98.70B | $-100.23B | $17.20B | $41.66B | $30.79B | $53.17B | $93.88B | $5.87B | $25.82B | $-52.61B |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $75.33B | $70.97B | $61.99B | $35.05B | $30.51B | $36.53B | $31.96B | $23.91B | $19.31B | $17.11B |
| Depreciation and Amortization | $5.25B | $4.49B | $4.37B | $2.59B | $2.29B | $2.09B | $2.22B | $1.69B | $1.17B | $1.37B |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-113.99B | $-6.02B | $18.34B | $-56.83B | $2.59B | $-50.91B | $-53.47B | $-12.93B | $-61.90B | $22.54B |
| Accounts Receivables | $-11.34B | $-2.27B | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $-280.77M | $37.00M | $51.00M | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-102.36B | $-3.79B | $18.29B | $- | $- | $- | $- | $- | $- | $- |
| Other Non Cash Items | $61.49B | $-17.52B | $-8.09B | $30.32B | $19.32B | $19.26B | $14.76B | $12.35B | $9.87B | $-1.32B |
| Net Cash Provided by Operating Activities | $28.08B | $51.91B | $76.61B | $11.13B | $54.71B | $6.96B | $-4.54B | $25.02B | $-31.56B | $39.70B |
| Investments in Property Plant and Equipment | $-8.27B | $-9.06B | $-11.79B | $-4.52B | $-7.43B | $-4.58B | $-4.50B | $-4.78B | $-4.08B | $-3.96B |
| Acquisitions Net | $-3.13M | $-94.00M | $-914.00M | $4.00M | $-139.00M | $-33.00M | $-1.00M | $3.19B | $- | $-71.00M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $-2.00M | $-71.00M |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $4.30B | $4.89B | $2.78B | $3.34B | $4.85B | $2.67B | $20.06B | $3.11B | $2.15B | $2.49B |
| Net Cash Used for Investing Activities | $-3.97B | $-4.26B | $-9.93B | $-1.18B | $-2.72B | $-1.94B | $15.56B | $1.52B | $-1.94B | $-1.61B |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $108.00M | $- | $- | $- | $- |
| Common Stock Repurchased | $-16.54B | $-3.99B | $-5.81B | $- | $-2.15B | $- | $-855.00M | $-1.18B | $-1.39B | $-1.55B |
| Dividends Paid | $-35.94B | $-37.70B | $-34.28B | $-16.76B | $- | $-15.95B | $-9.56B | $-14.64B | $-7.23B | $-2.79B |
| Other Financing Activities | $26.54B | $-13.83B | $-17.12B | $-3.69B | $-3.34B | $-1.98B | $-1.23B | $-301.00M | $- | $- |
| Net Cash Used Provided by Financing Activities | $-25.94B | $-55.52B | $-57.21B | $-20.45B | $-5.49B | $-17.83B | $-11.64B | $-16.13B | $-8.62B | $-4.34B |
| Effect of Forex Changes on Cash | $301.15M | $-149.00M | $-55.00M | $32.00M | $11.00M | $-28.00M | $-1.00M | $-27.00M | $155.00M | $261.00M |
| Net Change in Cash | $-1.53B | $-8.02B | $9.41B | $-10.46B | $46.51B | $-12.84B | $-632.00M | $10.38B | $-41.96B | $34.01B |
| Cash at End of Period | $98.70B | $100.23B | $108.25B | $98.84B | $109.31B | $62.80B | $75.64B | $76.27B | $65.89B | $107.85B |
| Cash at Beginning of Period | $100.23B | $108.25B | $98.84B | $109.31B | $62.80B | $75.64B | $76.27B | $65.89B | $107.85B | $73.84B |
| Operating Cash Flow | $28.08B | $51.91B | $76.61B | $11.13B | $54.71B | $6.96B | $-4.54B | $25.02B | $-31.56B | $39.70B |
| Capital Expenditure | $-8.27B | $-9.06B | $-11.79B | $-4.52B | $-7.43B | $-4.58B | $-4.50B | $-4.78B | $-4.08B | $-3.96B |
| Free Cash Flow | $19.81B | $42.85B | $64.81B | $6.61B | $47.27B | $2.38B | $-9.04B | $20.24B | $-35.64B | $35.74B |