Liberty Latin America (LILA) Financials

$7.91 +0.39 (+5.17%)

As of 01:53 PM Eastern

Annual Income Statements for Liberty Latin America

This table shows Liberty Latin America's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	38	-432	-778	-345	-106	-687	-441	-171	-74	-689	-611
Consolidated Net Income / (Loss)	46	-404	-799	-636	-208	-809	-491	-208	-87	-660	-554
Net Income / (Loss) Continuing Operations	46	-404	-799	-636	-208	-809	-491	-208	-87	-660	-554
Total Pre-Tax Income	92	-98	-651	-585	-309	-838	-318	-123	-62	-660	-653
Total Operating Income	248	315	-163	-24	326	87	64	87	518	-77	108
Total Gross Profit	880	2,047	2,714	2,829	2,989	2,922	3,597	3,598	3,491	3,457	3,466
Total Revenue	1,217	2,724	3,590	3,706	3,867	3,782	4,811	4,809	4,511	4,447	4,442
Operating Revenue	1,217	2,724	3,590	3,706	3,867	3,782	4,811	4,809	4,511	4,447	4,442
Total Cost of Revenue	338	677	876	877	878	860	1,214	1,211	1,020	989	976
Operating Cost of Revenue	338	677	876	877	878	860	1,214	1,211	1,020	989	976
Total Operating Expenses	632	1,731	2,877	2,852	2,663	2,835	3,533	3,512	2,973	3,534	3,358
Selling, General & Admin Expense	395	990	1,375	1,441	1,505	1,541	1,903	1,982	1,878	1,976	1,835
Depreciation Expense	216	587	794	830	890	919	965	911	1,008	968	905
Restructuring Charge	20	154	708	641	268	375	665	619	87	590	618
Total Other Income / (Expense), net	-156	-413	-488	-561	-634	-925	-382	-210	-580	-583	-761
Interest Expense	158	314	434	476	519	579	585	516	606	633	671
Other Income / (Expense), net	2.10	-100	-55	-85	-115	-346	203	306	26	50	-90
Income Tax Expense	47	306	148	51	-100	-29	173	85	24	-0.20	-99
Net Income / (Loss) Attributable to Noncontrolling Interest	7.80	28	-21	-291	-102	-122	-50	-37	-13	30	57
Basic Earnings per Share	$0.87	($3.44)	($4.53)	($1.96)	($0.58)	($3.51)	($1.89)	($0.77)	($0.35)	($3.47)	($3.06)
Weighted Average Basic Shares Outstanding	-	125.63M	171.85M	173.50M	182M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M
Diluted Earnings per Share	$0.87	($3.44)	($4.53)	($1.96)	($0.58)	($3.51)	($1.89)	($0.77)	($0.35)	($3.47)	($3.06)
Weighted Average Diluted Shares Outstanding	-	125.63M	171.85M	173.50M	182M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M
Weighted Average Basic & Diluted Shares Outstanding	-	125.63M	171.85M	173.50M	182M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M

This table shows Liberty Latin America's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	60	-103	-0.50	-43	-436	-178	-136	-423	3.30	-55	-23
Consolidated Net Income / (Loss)	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28	-16
Net Income / (Loss) Continuing Operations	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28	-16
Total Pre-Tax Income	58	-110	4.60	-73	-575	12	-118	-571	12	24	11
Total Operating Income	163	113	93	111	-380	128	128	-333	188	126	145
Total Gross Profit	867	883	859	873	857	878	851	854	865	896	847
Total Revenue	1,126	1,164	1,099	1,118	1,089	1,150	1,084	1,087	1,113	1,160	1,083
Operating Revenue	1,126	1,164	1,099	1,118	1,089	1,150	1,084	1,087	1,113	1,160	1,083
Total Cost of Revenue	259	280	240	245	232	272	233	232	248	263	236
Operating Cost of Revenue	259	280	240	245	232	272	233	232	248	263	236
Total Operating Expenses	704	770	766	762	1,237	751	723	1,187	677	771	702
Selling, General & Admin Expense	462	462	512	500	470	476	478	453	447	458	474
Depreciation Expense	231	303	248	237	245	238	229	218	214	245	217
Restructuring Charge	11	5.30	6.60	26	521	36	16	517	17	68	11
Total Other Income / (Expense), net	-104	-223	-88	-184	-195	-116	-246	-238	-176	-102	-135
Interest Expense	152	154	156	156	159	162	173	165	164	168	167
Other Income / (Expense), net	48	-70	68	-27	-36	46	-73	-72	-11	67	32
Income Tax Expense	10	-28	5.10	-36	-146	172	9.10	-156	-4.10	52	27
Net Income / (Loss) Attributable to Noncontrolling Interest	-12	20	0.00	5.80	6.70	17	9.70	8.20	13	26	6.50
Basic Earnings per Share	$0.29	($0.51)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)	($0.11)
Weighted Average Basic Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M
Diluted Earnings per Share	$0.29	($0.50)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)	($0.11)
Weighted Average Diluted Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M
Weighted Average Basic & Diluted Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M

This table details how cash moves in and out of Liberty Latin America's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	167	303	-14	92	1,815	-1,545	162	-285	211	-330	130
Net Cash From Operating Activities	310	468	573	817	918	640	1,016	869	897	756	806
Net Cash From Continuing Operating Activities	310	468	573	817	918	356	1,016	869	897	756	806
Net Income / (Loss) Continuing Operations	46	-404	-799	-636	-208	-809	-491	-208	-87	-660	-554
Consolidated Net Income / (Loss)	46	-404	-799	-636	-208	-809	-491	-208	-87	-660	-554
Depreciation Expense	216	587	794	830	890	919	965	911	1,008	968	905
Amortization Expense	4.30	-8.30	-13	-0.30	17	30	34	37	30	23	30
Non-Cash Adjustments To Reconcile Net Income	18	133	820	789	420	494	576	311	111	561	701
Changes in Operating Assets and Liabilities, net	25	161	-229	-166	-200	-278	-67	-182	-166	-136	-276
Net Cash From Investing Activities	-491	-424	-640	-981	-635	-2,451	-1,269	-1,123	-616	-689	-592
Net Cash From Continuing Investing Activities	-491	-424	-640	-981	-635	-2,451	-1,269	-1,123	-616	-689	-592
Purchase of Property, Plant & Equipment	-227	-490	-639	-776	-589	-566	-736	-660	-585	-540	-500
Acquisitions	-273	-	-1.30	-226	-161	-1,886	-521	-231	0.00	-95	0.00
Purchase of Investments	-	-	-	-	-	-	-	-19	-25	-47	-80
Other Investing Activities, net	9.10	49	0.20	22	34	1.10	-12	-212	-5.90	-5.40	-12
Net Cash From Financing Activities	360	259	53	256	1,540	271	427	-29	-62	-386	-44
Net Cash From Continuing Financing Activities	360	259	53	256	1,540	271	427	-29	-62	-386	-44
Repayment of Debt	-6.00	-1,188	-1,575	-965	-1,338	-1,549	-716	-292	-976	-1,985	-1,880
Repurchase of Common Equity	-	-	-	0.00	0.00	-9.50	-63	-170	-118	-83	0.00
Payment of Dividends	99	-82	-101	-44	-43	-19	-48	-1.90	-75	-55	-73
Issuance of Debt	267	1,529	1,761	1,236	2,967	1,319	1,249	338	1,093	1,706	1,891
Issuance of Common Equity	-	0.00	0.00	18	0.00	347	47	0.00	5.10	2.00	0.00
Other Financing Activities, net	0.00	0.00	-32	10	-46	183	-43	98	9.80	29	19
Effect of Exchange Rate Changes	-12	-	-	-	-7.70	-	-13	-2.30	-7.90	-11	-40
Cash Interest Paid	146	305	393	418	445	484	463	506	521	619	600
Cash Income Taxes Paid	23	131	111	146	130	82	44	116	80	145	159

This table details how cash moves in and out of Liberty Latin America's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-66	417	-320	-65	-10	77	-79	-61	82	187	-103
Net Cash From Operating Activities	219	391	23	157	178	399	25	141	178	462	42
Net Cash From Continuing Operating Activities	219	391	23	157	178	399	25	141	178	462	42
Net Income / (Loss) Continuing Operations	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28	-16
Consolidated Net Income / (Loss)	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28	-16
Depreciation Expense	231	303	248	237	245	238	229	218	214	245	217
Amortization Expense	7.10	6.70	6.20	5.10	3.80	8.10	7.00	7.60	7.40	8.00	7.90
Non-Cash Adjustments To Reconcile Net Income	-19	79	-39	44	552	4.20	114	576	16	-5.40	-4.60
Changes in Operating Assets and Liabilities, net	-48	85	-191	-92	-195	309	-199	-245	-75	243	-162
Net Cash From Investing Activities	-161	-163	-117	-166	-231	-175	-95	-152	-171	-175	-108
Net Cash From Continuing Investing Activities	-161	-163	-117	-166	-231	-175	-95	-152	-171	-175	-108
Purchase of Property, Plant & Equipment	-150	-162	-110	-141	-127	-164	-97	-139	-122	-142	-99
Other Investing Activities, net	-12	24	-7.20	-25	-9.00	36	1.70	-13	-49	47	-9.00
Net Cash From Financing Activities	-122	193	-226	-55	47	-153	3.40	-36	85	-97	-39
Net Cash From Continuing Financing Activities	-122	193	-226	-55	47	-153	3.40	-36	85	-97	-39
Repayment of Debt	-205	-107	-216	-173	-387	-1,209	-909	-313	-437	-221	-130
Repurchase of Common Equity	-31	-7.50	-56	-27	-	-	0.00	-	-	-	-14
Payment of Dividends	-	-34	0.00	-	-12	-33	-29	-	-	-44	-53
Issuance of Debt	113	337	46	156	417	1,087	942	278	503	168	158
Effect of Exchange Rate Changes	-1.10	-2.60	-0.80	-1.80	-3.60	-	-12	-14	-11	-3.50	1.80
Cash Interest Paid	165	98	192	123	178	126	152	142	146	160	151
Cash Income Taxes Paid	19	20	54	26	23	42	41	39	43	37	24

This table presents Liberty Latin America's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	14,144	13,617	13,447	14,938	15,076	15,366	13,575	13,595	12,784	12,226
Total Current Assets	1,509	1,375	1,645	2,055	1,948	2,052	2,079	2,412	2,115	2,246
Cash & Equivalents	553	530	631	1,184	894	957	781	989	654	784
Note & Lease Receivable	86	-	-	-	78	100	92	107	110	133
Accounts Receivable	532	557	607	585	559	527	603	686	686	654
Prepaid Expenses	87	66	73	59	64	68	65	69	80	80
Other Current Assets	252	223	333	227	354	401	538	562	586	596
Plant, Property, & Equipment, net	3,861	4,169	4,237	4,301	4,751	4,168	4,294	4,206	4,062	3,848
Total Noncurrent Assets	8,774	8,073	7,565	8,581	8,377	9,145	7,203	6,977	6,606	6,132
Goodwill	6,354	5,674	5,133	4,906	4,886	3,948	3,421	3,483	2,981	3,008
Intangible Assets	1,842	1,882	1,728	1,530	2,325	2,381	2,281	2,134	2,228	1,680
Other Noncurrent Operating Assets	579	518	703	2,145	1,157	1,248	1,501	1,359	1,398	1,444
Total Liabilities & Shareholders' Equity	14,144	13,617	13,447	14,938	15,076	15,366	13,575	13,595	12,784	12,226
Total Liabilities	8,484	8,926	9,323	10,958	11,736	12,468	11,019	11,285	11,190	11,162
Total Current Liabilities	1,348	1,587	1,609	1,576	1,699	1,515	1,774	2,133	2,060	1,978
Short-Term Debt	151	263	303	180	162	106	227	582	466	409
Accounts Payable	219	287	297	347	425	398	525	424	442	385
Accrued Expenses	655	686	642	631	524	567	551	614	708	710
Current Deferred Revenue	181	-	-	161	195	148	152	167	126	127
Current Employee Benefit Liabilities	-	-	86	89	108	101	82	79	96	102
Other Current Liabilities	-	143	162	35	153	82	119	109	88	95
Other Current Nonoperating Liabilities	116	116	119	133	132	113	118	157	135	150
Total Noncurrent Liabilities	7,136	7,339	7,715	9,382	10,037	10,954	9,245	9,152	9,130	9,185
Long-Term Debt	5,897	6,108	6,380	8,190	8,195	7,460	7,654	7,598	7,615	7,870
Noncurrent Deferred Revenue	-	-	239	211	186	153	109	92	88	82
Noncurrent Deferred & Payable Income Tax Liabilities	638	533	543	402	575	692	689	631	580	412
Other Noncurrent Operating Liabilities	601	698	553	579	1,081	796	793	832	847	821
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,660	4,691	4,123	3,980	3,340	2,897	2,557	2,310	1,594	1,064
Total Preferred & Common Equity	4,180	3,330	3,113	3,110	2,611	2,220	1,919	1,764	1,089	556
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,180	3,328	3,113	3,110	2,611	2,220	1,919	1,764	1,089	556
Common Stock	-	4,403	4,496	4,572	4,984	5,078	5,180	5,264	5,318	5,371
Retained Earnings	-233	-1,011	-1,367	-1,447	-2,238	-2,694	-2,868	-2,942	-3,631	-4,242
Treasury Stock	-	-	-	0.00	-9.50	-74	-243	-361	-444	-449
Accumulated Other Comprehensive Income / (Loss)	-17	-64	-16	-15	-126	-90	-149	-198	-154	-125
Noncontrolling Interest	1,481	1,361	1,011	870	729	677	638	546	505	508

This table presents Liberty Latin America's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	15,063	13,421	13,411	13,309	13,273	13,151	12,728	12,598	11,953	12,045	12,164
Total Current Assets	2,109	1,993	2,091	1,971	2,101	2,064	2,067	2,060	2,039	2,077	2,177
Cash & Equivalents	769	672	633	572	669	599	589	576	514	597	681
Note & Lease Receivable	100	99	109	84	90	112	106	127	134	119	143
Accounts Receivable	590	624	640	648	708	709	706	679	700	708	668
Prepaid Expenses	88	77	90	91	92	100	101	109	96	94	91
Other Current Assets	562	522	621	576	543	546	566	569	595	559	593
Plant, Property, & Equipment, net	4,275	4,270	4,258	4,255	4,150	4,097	4,039	3,989	3,936	3,898	3,793
Total Noncurrent Assets	8,679	7,159	7,062	7,083	7,022	6,989	6,623	6,549	5,978	6,070	6,194
Goodwill	3,417	3,464	3,459	3,470	3,503	3,473	2,988	2,991	2,984	3,000	3,047
Intangible Assets	2,310	2,253	2,207	2,170	2,099	2,060	2,245	2,201	1,681	1,696	1,667
Other Noncurrent Operating Assets	1,553	1,442	1,396	1,443	1,420	1,456	1,390	1,357	1,313	1,375	1,479
Total Liabilities & Shareholders' Equity	15,063	13,421	13,411	13,309	13,273	13,151	12,728	12,598	11,953	12,045	12,164
Total Liabilities	12,537	10,899	11,018	10,880	10,994	10,957	10,962	11,072	10,831	10,890	11,146
Total Current Liabilities	1,591	1,687	1,760	1,930	1,880	1,900	1,948	1,913	1,896	1,814	1,962
Short-Term Debt	208	261	316	558	465	500	550	539	557	452	483
Accounts Payable	412	426	408	405	366	320	287	331	304	268	317
Accrued Expenses	571	571	583	520	583	599	638	590	571	616	711
Current Deferred Revenue	143	154	152	151	131	126	127	108	106	108	127
Current Employee Benefit Liabilities	85	79	79	83	75	80	94	77	95	110	75
Other Current Liabilities	76	92	89	83	146	137	139	135	116	107	97
Other Current Nonoperating Liabilities	96	103	133	111	113	139	115	133	147	153	152
Total Noncurrent Liabilities	10,946	9,212	9,258	8,950	9,114	9,057	9,014	9,159	8,935	9,076	9,184
Long-Term Debt	7,644	7,654	7,643	7,357	7,591	7,581	7,606	7,634	7,603	7,828	7,879
Noncurrent Deferred Revenue	113	101	93	89	97	87	85	86	82	80	92
Noncurrent Deferred & Payable Income Tax Liabilities	704	677	689	675	630	613	477	570	381	344	401
Other Noncurrent Operating Liabilities	817	780	833	829	796	776	846	869	870	824	812
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,526	2,522	2,393	2,429	2,279	2,194	1,766	1,526	1,122	1,155	1,018
Total Preferred & Common Equity	1,876	1,897	1,826	1,868	1,733	1,652	1,227	1,022	608	629	541
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,876	1,897	1,826	1,868	1,733	1,652	1,227	1,022	608	629	541
Common Stock	5,167	5,210	5,230	5,255	5,285	5,281	5,293	5,341	5,348	5,362	5,354
Retained Earnings	-3,004	-2,919	-2,881	-2,839	-2,942	-2,985	-3,421	-3,735	-4,158	-4,155	-4,265
Treasury Stock	-226	-268	-325	-355	-422	-444	-444	-444	-444	-446	-465
Accumulated Other Comprehensive Income / (Loss)	-60	-126	-198	-194	-188	-200	-201	-140	-137	-131	-84
Noncontrolling Interest	650	626	567	561	546	542	539	504	514	526	477

This table displays calculated financial ratios and metrics derived from Liberty Latin America's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	123.76%	31.80%	3.22%	4.35%	-2.19%	27.20%	-0.06%	-6.19%	-1.20%	-0.10%
EBITDA Growth	0.00%	68.70%	-29.05%	27.86%	55.02%	-38.29%	83.46%	5.94%	18.05%	-37.20%	-1.23%
EBIT Growth	0.00%	-13.91%	-201.02%	49.95%	293.20%	-223.43%	202.66%	47.26%	38.36%	-99.67%	167.42%
NOPAT Growth	0.00%	79.28%	-151.67%	85.51%	1,480.51%	-73.39%	-26.41%	35.58%	498.50%	-109.33%	240.89%
Net Income Growth	0.00%	-982.10%	-97.70%	20.40%	67.22%	-288.20%	39.36%	57.64%	58.23%	-622.70%	15.98%
EPS Growth	0.00%	-495.40%	-31.69%	56.73%	70.41%	-505.17%	46.15%	59.26%	54.55%	-845.71%	11.82%
Operating Cash Flow Growth	0.00%	50.93%	22.43%	42.50%	12.41%	-30.29%	58.76%	-14.51%	3.25%	-15.69%	6.56%
Free Cash Flow Firm Growth	0.00%	0.00%	104.61%	-33.64%	-329.96%	155.85%	145.25%	-82.07%	150.69%	-8.52%	15.70%
Invested Capital Growth	0.00%	0.00%	-5.53%	-3.33%	9.77%	-3.31%	-9.34%	-1.32%	-1.19%	-4.88%	-4.86%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	2.73%	0.68%	3.86%	3.48%	-2.46%	0.18%	-0.30%	0.21%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-19.83%	141.33%	-10.48%	-30.78%	113.70%	-9.08%	7.21%	2.75%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-237.50%	149.17%	-77.88%	-66.72%	230.87%	-27.84%	101.41%	1,900.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-120.72%	264.71%	-31.79%	-86.01%	119.53%	-8.36%	23.33%	-1.90%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-17.41%	72.48%	-6.29%	-456.28%	79.20%	-169.66%	-14.22%	19.28%
EPS Q/Q Growth	0.00%	0.00%	0.00%	34.67%	70.71%	-1.45%	-336.25%	81.03%	-143.75%	-12.59%	16.39%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	3.44%	14.99%	-21.82%	17.22%	9.95%	1.53%	1.08%	8.52%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-561.83%	240.27%	1,142.40%	-57.14%	2.62%	6.93%	-2.45%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-1.05%	11.91%	4.10%	-7.67%	-1.99%	-2.46%	-2.77%	-3.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.26%	75.14%	75.59%	76.33%	77.30%	77.25%	74.76%	74.83%	77.38%	77.80%	78.03%
EBITDA Margin	38.68%	29.17%	15.70%	19.45%	28.89%	18.23%	26.29%	27.86%	35.06%	22.29%	21.45%
Operating Margin	20.38%	11.58%	-4.54%	-0.64%	8.43%	2.29%	1.33%	1.80%	11.48%	-1.08%	2.44%
EBIT Margin	20.55%	7.91%	-6.06%	-2.94%	5.44%	-6.87%	5.54%	8.16%	12.04%	0.04%	0.41%
Profit (Net Income) Margin	3.76%	-14.83%	-22.25%	-17.16%	-5.39%	-21.39%	-10.20%	-4.32%	-1.92%	-14.07%	-12.48%
Tax Burden Percent	49.62%	411.82%	122.65%	108.74%	67.53%	96.52%	154.28%	168.94%	139.10%	99.35%	84.91%
Interest Burden Percent	36.89%	-45.54%	299.26%	536.91%	-146.67%	322.76%	-119.28%	-31.33%	-11.49%	-35,077.78%	-3,626.67%
Effective Tax Rate	50.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	3.92%	-1.04%	-0.16%	2.11%	0.55%	0.43%	0.62%	3.73%	-0.36%	0.85%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-18.35%	-12.88%	-10.37%	-4.36%	-11.12%	-6.91%	-3.16%	-2.44%	-8.32%	-7.44%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-18.19%	-14.39%	-14.27%	-7.26%	-22.65%	-16.16%	-8.24%	-7.30%	-31.52%	-42.57%
Return on Equity (ROE)	0.00%	-14.27%	-15.43%	-14.43%	-5.14%	-22.10%	-15.73%	-7.62%	-3.57%	-31.88%	-41.72%
Cash Return on Invested Capital (CROIC)	0.00%	-196.08%	4.65%	3.23%	-7.20%	3.91%	10.22%	1.94%	4.93%	4.65%	5.83%
Operating Return on Assets (OROA)	0.00%	1.52%	-1.57%	-0.80%	1.48%	-1.73%	1.75%	2.71%	4.00%	0.01%	0.14%
Return on Assets (ROA)	0.00%	-2.86%	-5.75%	-4.70%	-1.47%	-5.39%	-3.22%	-1.44%	-0.64%	-4.75%	-4.43%
Return on Common Equity (ROCE)	0.00%	-10.54%	-11.19%	-10.54%	-3.95%	-17.27%	-12.18%	-5.78%	-2.70%	-23.36%	-25.82%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-9.67%	-23.99%	-20.43%	-6.70%	-30.98%	-22.10%	-10.83%	-4.92%	-55.96%	0.00%
Net Operating Profit after Tax (NOPAT)	123	221	-114	-17	228	61	45	61	362	-34	76
NOPAT Margin	10.11%	8.10%	-3.18%	-0.45%	5.90%	1.60%	0.93%	1.26%	8.03%	-0.76%	1.71%
Net Nonoperating Expense Percent (NNEP)	0.00%	22.27%	11.84%	10.21%	6.47%	11.67%	7.34%	3.77%	6.17%	7.96%	8.29%
Return On Investment Capital (ROIC_SIMPLE)	-	1.89%	-1.03%	-0.15%	1.85%	0.52%	0.43%	0.58%	3.45%	-0.35%	0.81%
Cost of Revenue to Revenue	27.74%	24.86%	24.41%	23.67%	22.70%	22.75%	25.24%	25.17%	22.62%	22.20%	21.97%
SG&A Expenses to Revenue	32.47%	36.35%	38.31%	38.89%	38.93%	40.75%	39.56%	41.21%	41.63%	43.93%	41.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.88%	63.56%	80.13%	76.97%	68.88%	74.96%	73.43%	73.03%	65.90%	78.88%	75.60%
Earnings before Interest and Taxes (EBIT)	250	215	-218	-109	210	-260	267	393	543	1.80	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	471	794	564	721	1,117	689	1,265	1,340	1,582	993	953
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.84	1.13	0.99	1.22	0.85	0.85	1.12	2.66
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.71	0.91	0.68	0.56	0.34	0.33	0.28	0.33
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.94	1.02	0.99	1.01	0.96	0.96	1.00	1.09
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	2.61	2.99	2.85	2.08	1.95	2.05	2.06	2.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	13.44	10.35	15.63	7.90	7.00	5.84	9.24	9.95
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	54.97	0.00	37.47	23.88	17.00	5,101.06	526.82
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	50.71	177.53	223.69	154.83	25.48	0.00	125.20
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	11.85	12.60	16.83	9.83	10.79	10.29	12.14	11.77
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	28.64	0.00	24.81	9.38	49.10	19.29	20.97	18.20
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.07	1.36	1.62	2.10	2.50	2.61	3.08	3.54	4.97	7.78
Long-Term Debt to Equity	0.00	1.04	1.30	1.55	2.06	2.45	2.57	2.99	3.29	4.68	7.40
Financial Leverage	0.00	0.99	1.12	1.38	1.66	2.04	2.34	2.61	2.99	3.79	5.72
Leverage Ratio	0.00	2.50	2.68	3.07	3.50	4.10	4.88	5.31	5.58	6.71	9.41
Compound Leverage Factor	0.00	-1.14	8.03	16.49	-5.14	13.23	-5.82	-1.66	-0.64	-2,352.48	-341.36
Debt to Total Capital	0.00%	51.65%	57.60%	61.84%	67.77%	71.44%	72.31%	75.50%	77.98%	83.25%	88.62%
Short-Term Debt to Total Capital	0.00%	1.29%	2.38%	2.80%	1.46%	1.38%	1.02%	2.17%	5.55%	4.80%	4.38%
Long-Term Debt to Total Capital	0.00%	50.37%	55.22%	59.04%	66.31%	70.06%	71.29%	73.33%	72.43%	78.45%	84.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	12.65%	12.30%	9.35%	7.05%	6.23%	6.47%	6.11%	5.21%	5.20%	5.44%
Common Equity to Total Capital	0.00%	35.70%	30.08%	28.81%	25.18%	22.32%	21.22%	18.38%	16.81%	11.55%	5.95%
Debt to EBITDA	0.00	7.61	11.31	9.27	7.49	12.12	5.98	5.88	5.17	8.13	8.69
Net Debt to EBITDA	0.00	6.92	10.36	8.40	6.43	10.83	5.23	5.30	4.55	7.48	7.87
Long-Term Debt to EBITDA	0.00	7.42	10.84	8.85	7.33	11.89	5.90	5.71	4.80	7.67	8.26
Debt to NOPAT	0.00	27.40	-55.88	-404.49	36.70	137.70	169.41	130.15	22.57	-238.99	109.31
Net Debt to NOPAT	0.00	24.90	-51.23	-366.29	31.51	122.97	147.99	117.25	19.84	-219.64	98.96
Long-Term Debt to NOPAT	0.00	26.72	-53.57	-386.17	35.91	135.04	167.03	126.40	20.97	-225.21	103.91
Altman Z-Score	0.00	0.00	0.00	0.28	0.40	0.14	0.30	0.27	0.27	0.03	-0.01
Noncontrolling Interest Sharing Ratio	0.00%	26.16%	27.47%	26.93%	23.21%	21.84%	22.55%	24.12%	24.33%	26.71%	38.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.12	0.87	1.02	1.30	1.15	1.35	1.17	1.13	1.04	1.14
Quick Ratio	0.00	0.87	0.68	0.77	1.12	0.90	1.05	0.83	0.84	0.72	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-11,051	509	338	-777	434	1,065	191	479	438	521
Operating Cash Flow to CapEx	136.53%	95.47%	89.66%	105.20%	155.86%	113.13%	138.01%	131.62%	153.33%	139.95%	161.18%
Free Cash Flow to Firm to Interest Expense	0.00	-35.25	1.18	0.71	-1.50	0.75	1.82	0.37	0.79	0.69	0.78
Operating Cash Flow to Interest Expense	1.96	1.49	1.32	1.72	1.77	1.11	1.74	1.69	1.48	1.19	1.20
Operating Cash Flow Less CapEx to Interest Expense	0.53	-0.07	-0.15	0.08	0.63	0.13	0.48	0.40	0.52	0.34	0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.19	0.26	0.27	0.27	0.25	0.32	0.33	0.33	0.34	0.36
Accounts Receivable Turnover	0.00	5.12	6.60	6.37	6.49	6.61	8.87	8.51	7.00	6.41	6.63
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.71	0.89	0.88	0.91	0.84	1.08	1.14	1.06	1.08	1.12
Accounts Payable Turnover	0.00	3.09	3.46	3.00	2.73	2.23	2.95	2.62	2.15	2.28	2.36
Days Sales Outstanding (DSO)	0.00	71.24	55.31	57.32	56.28	55.19	41.16	42.88	52.16	56.93	55.03
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	118.25	105.43	121.54	133.89	163.73	123.73	139.17	169.82	159.79	154.56
Cash Conversion Cycle (CCC)	0.00	-47.02	-50.12	-64.23	-77.61	-108.54	-82.56	-96.29	-117.66	-102.86	-99.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	11,271	10,648	10,293	11,299	10,925	9,905	9,775	9,658	9,187	8,709
Invested Capital Turnover	0.00	0.48	0.33	0.35	0.36	0.34	0.46	0.49	0.46	0.47	0.50
Increase / (Decrease) in Invested Capital	0.00	11,271	-624	-355	1,006	-374	-1,020	-130	-116	-472	-445
Enterprise Value (EV)	0.00	0.00	0.00	9,681	11,566	10,774	9,990	9,375	9,234	9,182	9,483
Market Capitalization	0.00	0.00	0.00	2,619	3,510	2,582	2,703	1,637	1,496	1,251	1,479
Book Value per Share	$0.00	$33.27	$19.37	$17.21	$17.10	$11.26	$9.58	$8.83	$8.62	$5.70	$2.78
Tangible Book Value per Share	$0.00	($31.96)	($24.60)	($20.72)	($18.29)	($19.82)	($17.72)	($17.40)	($18.83)	($20.78)	($20.64)
Total Capital	0.00	11,708	11,062	10,806	12,350	11,698	10,463	10,437	10,490	9,706	9,343
Total Debt	0.00	6,048	6,372	6,682	8,370	8,357	7,566	7,881	8,180	8,080	8,279
Total Long-Term Debt	0.00	5,897	6,108	6,380	8,190	8,195	7,460	7,654	7,598	7,615	7,870
Net Debt	0.00	5,495	5,842	6,051	7,186	7,463	6,609	7,100	7,191	7,426	7,495
Capital Expenditures (CapEx)	227	490	639	776	589	566	736	660	585	540	500
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-241	-479	-292	-524	-484	-313	-249	-127	-101	-107
Debt-free Net Working Capital (DFNWC)	0.00	312	51	339	659	411	644	532	862	553	677
Net Working Capital (NWC)	0.00	161	-212	36	479	249	537	305	280	88	268
Net Nonoperating Expense (NNE)	77	625	685	619	436	870	535	268	449	593	630
Net Nonoperating Obligations (NNO)	0.00	5,611	5,957	6,170	7,319	7,585	7,008	7,218	7,349	7,561	7,645
Total Depreciation and Amortization (D&A)	221	579	781	830	907	949	998	947	1,039	992	935
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.83%	-13.33%	-7.89%	-13.56%	-12.79%	-6.51%	-5.18%	-2.82%	-2.27%	-2.40%
Debt-free Net Working Capital to Revenue	0.00%	11.45%	1.43%	9.14%	17.05%	10.85%	13.38%	11.06%	19.10%	12.41%	15.24%
Net Working Capital to Revenue	0.00%	5.92%	-5.91%	0.97%	12.39%	6.57%	11.17%	6.34%	6.20%	1.97%	6.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	($3.26)	($4.29)	($1.88)	($0.42)	($3.51)	($1.89)	($0.79)	($0.35)	($3.31)	($3.06)
Adjusted Weighted Average Basic Shares Outstanding	0.00	132.63M	180.76M	191.08M	192.07M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M
Adjusted Diluted Earnings per Share	$0.82	($3.26)	($4.29)	($1.88)	($0.42)	($3.51)	($1.89)	($0.79)	($0.35)	($3.31)	($3.06)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	132.63M	180.76M	191.08M	192.07M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M
Adjusted Basic & Diluted Earnings per Share	$0.82	($3.26)	($4.29)	($1.88)	($0.42)	($3.51)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	132.63M	180.76M	191.08M	192.07M	232.07M	228.49M	215.60M	205.10M	196.90M	200.10M
Normalized Net Operating Profit after Tax (NOPAT)	188	328	381	390	416	323	510	494	423	379	508
Normalized NOPAT Margin	15.41%	12.06%	10.62%	10.53%	10.75%	8.55%	10.60%	10.27%	9.38%	8.50%	11.45%
Pre Tax Income Margin	7.58%	-3.60%	-18.14%	-15.78%	-7.98%	-22.16%	-6.61%	-2.56%	-1.38%	-14.17%	-14.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.58	0.69	-0.50	-0.23	0.41	-0.45	0.46	0.76	0.90	0.00	0.03
NOPAT to Interest Expense	0.78	0.70	-0.26	-0.03	0.44	0.10	0.08	0.12	0.60	-0.05	0.11
EBIT Less CapEx to Interest Expense	0.15	-0.88	-1.98	-1.86	-0.73	-1.43	-0.80	-0.52	-0.07	-0.85	-0.72
NOPAT Less CapEx to Interest Expense	-0.66	-0.86	-1.74	-1.67	-0.70	-0.87	-1.18	-1.16	-0.37	-0.91	-0.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-215.50%	-20.27%	-12.62%	-6.86%	-20.54%	-2.32%	-9.70%	-0.91%	-86.87%	-8.78%	-13.22%
Augmented Payout Ratio	-215.50%	-20.27%	-12.62%	-6.86%	-20.54%	-3.50%	-22.54%	-82.92%	-223.16%	-22.00%	-13.22%

This table displays calculated financial ratios and metrics derived from Liberty Latin America's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	200,100,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	200,100,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.78%	0.71%	-0.19%	-0.20%	-3.25%	-1.14%	-1.45%	-2.80%	2.14%	1.69%	-0.06%
EBITDA Growth	-5.19%	-30.93%	22.69%	-26.56%	-137.15%	18.93%	-29.87%	-155.44%	338.64%	13.80%	38.19%
EBIT Growth	-8.09%	-82.81%	69.26%	-57.10%	-297.62%	298.16%	-65.73%	-586.09%	142.37%	32.83%	221.23%
NOPAT Growth	29.87%	-33.11%	-113.52%	62.60%	-298.78%	-2,337.91%	988.97%	-400.54%	195.08%	-315.83%	-349.83%
Net Income Growth	-41.51%	-164.26%	99.27%	-329.19%	-995.82%	-94.44%	-25,240.00%	-1,024.93%	103.71%	85.30%	87.21%
EPS Growth	-14.71%	-176.92%	100.00%	-237.50%	-865.52%	-74.00%	0.00%	-863.64%	100.90%	73.79%	84.06%
Operating Cash Flow Growth	51.00%	3.58%	-62.66%	-30.45%	-18.76%	2.07%	5.58%	-10.01%	0.39%	15.88%	71.54%
Free Cash Flow Firm Growth	-76.16%	-21.42%	-77.99%	162.19%	-8.21%	-764.53%	673.95%	480.97%	277.66%	-48.49%	-70.32%
Invested Capital Growth	-0.71%	-1.19%	-0.90%	-0.38%	-4.58%	-4.88%	-5.35%	-9.17%	-4.84%	-4.86%	-4.39%
Revenue Q/Q Growth	0.50%	3.36%	-5.52%	1.69%	-2.58%	5.61%	-5.81%	0.30%	2.37%	4.22%	-6.61%
EBITDA Q/Q Growth	1.15%	-21.21%	17.54%	-21.60%	-151.17%	352.22%	-30.69%	-161.98%	320.24%	12.11%	-9.70%
EBIT Q/Q Growth	8.18%	-79.32%	269.66%	-48.13%	-598.32%	141.67%	-68.19%	-835.75%	143.44%	9.14%	-7.91%
NOPAT Q/Q Growth	180.24%	-40.83%	-112.75%	868.91%	-442.60%	-566.18%	105.07%	-359.95%	208.39%	-159.32%	-49.47%
Net Income Q/Q Growth	197.52%	-272.65%	99.40%	-7,280.00%	-1,062.87%	62.53%	21.21%	-227.62%	103.83%	-278.62%	42.96%
EPS Q/Q Growth	81.25%	-272.41%	100.00%	0.00%	-909.09%	60.81%	20.69%	-207.25%	100.94%	-1,450.00%	59.26%
Operating Cash Flow Q/Q Growth	-3.15%	78.72%	-94.03%	573.39%	13.13%	124.56%	-93.83%	473.98%	26.20%	159.20%	-90.86%
Free Cash Flow Firm Q/Q Growth	210.82%	-4.53%	-59.46%	45.00%	63.57%	-791.13%	147.21%	8.85%	6.33%	-58.36%	-38.40%
Invested Capital Q/Q Growth	0.51%	-2.46%	1.26%	0.36%	-3.73%	-2.77%	0.76%	-3.70%	0.86%	-3.14%	1.62%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.99%	75.92%	78.15%	78.06%	78.71%	76.35%	78.53%	78.61%	77.74%	77.29%	78.25%
EBITDA Margin	39.79%	30.33%	37.73%	29.09%	-15.28%	36.49%	26.85%	-16.59%	35.69%	38.40%	37.13%
Operating Margin	14.45%	9.71%	8.44%	9.91%	-34.85%	11.10%	11.82%	-30.64%	16.85%	10.83%	13.41%
EBIT Margin	18.68%	3.74%	14.63%	7.46%	-38.16%	15.06%	5.09%	-37.31%	15.83%	16.58%	16.35%
Profit (Net Income) Margin	4.25%	-7.11%	-0.05%	-3.30%	-39.40%	-13.98%	-11.69%	-38.20%	1.43%	-2.45%	-1.50%
Tax Burden Percent	82.16%	75.05%	-10.87%	50.69%	74.65%	-1,386.21%	107.74%	72.72%	134.75%	-119.33%	-154.29%
Interest Burden Percent	27.72%	-253.33%	2.86%	-87.29%	138.31%	6.70%	-213.43%	140.80%	6.70%	12.38%	5.93%
Effective Tax Rate	17.84%	0.00%	110.87%	0.00%	0.00%	1,486.21%	0.00%	0.00%	-34.75%	219.33%	254.29%
Return on Invested Capital (ROIC)	5.38%	3.16%	-0.42%	3.18%	-11.27%	-72.79%	3.86%	-10.10%	10.92%	-6.43%	-10.15%
ROIC Less NNEP Spread (ROIC-NNEP)	4.23%	0.93%	-0.29%	1.66%	-13.43%	-51.20%	1.02%	-12.46%	7.87%	-4.83%	-7.48%
Return on Net Nonoperating Assets (RNNOA)	12.74%	2.80%	-0.90%	5.46%	-48.51%	-193.96%	4.08%	-57.93%	41.80%	-27.65%	-45.76%
Return on Equity (ROE)	18.12%	5.95%	-1.32%	8.64%	-59.78%	-266.75%	7.95%	-68.03%	52.72%	-34.08%	-55.91%
Cash Return on Invested Capital (CROIC)	4.69%	4.93%	4.50%	3.79%	4.23%	4.65%	5.40%	6.20%	5.79%	5.83%	5.45%
Operating Return on Assets (OROA)	5.93%	1.24%	4.94%	2.53%	-13.10%	5.08%	1.75%	-13.11%	5.67%	5.89%	5.86%
Return on Assets (ROA)	1.35%	-2.36%	-0.02%	-1.12%	-13.53%	-4.72%	-4.01%	-13.42%	0.51%	-0.87%	-0.54%
Return on Common Equity (ROCE)	13.69%	4.50%	-1.00%	6.55%	-44.10%	-195.50%	5.75%	-46.38%	33.49%	-21.09%	-34.34%
Return on Equity Simple (ROE_SIMPLE)	6.67%	0.00%	-1.11%	-4.37%	-44.77%	0.00%	-73.74%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	134	79	-10	78	-266	-1,770	90	-233	253	-150	-224
NOPAT Margin	11.87%	6.80%	-0.92%	6.94%	-24.40%	-153.89%	8.28%	-21.45%	22.71%	-12.93%	-20.69%
Net Nonoperating Expense Percent (NNEP)	1.15%	2.22%	-0.13%	1.52%	2.16%	-21.59%	2.84%	2.36%	3.05%	-1.60%	-2.67%
Return On Investment Capital (ROIC_SIMPLE)	1.29%	0.75%	-0.10%	0.75%	-2.68%	-18.24%	0.92%	-2.51%	2.68%	-1.60%	-2.39%
Cost of Revenue to Revenue	23.01%	24.08%	21.85%	21.94%	21.29%	23.65%	21.47%	21.39%	22.26%	22.71%	21.75%
SG&A Expenses to Revenue	41.07%	39.74%	46.57%	44.69%	43.16%	41.39%	44.14%	41.65%	40.13%	39.47%	43.76%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	62.53%	66.21%	69.71%	68.15%	113.56%	65.25%	66.71%	109.26%	60.89%	66.46%	64.84%
Earnings before Interest and Taxes (EBIT)	210	44	161	83	-416	173	55	-405	176	192	177
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	448	353	415	325	-166	420	291	-180	397	445	402
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.91	0.85	0.82	1.15	1.53	1.12	1.22	2.00	2.64	2.66	3.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.38	0.33	0.32	0.42	0.42	0.28	0.28	0.28	0.37	0.33	0.39
Price to Earnings (P/E)	9.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.96	0.96	1.01	1.06	1.00	1.01	1.05	1.10	1.09	1.12
Enterprise Value to Revenue (EV/Rev)	2.13	2.05	2.08	2.20	2.23	2.06	2.10	2.13	2.23	2.13	2.23
Enterprise Value to EBITDA (EV/EBITDA)	5.52	5.84	5.64	6.44	10.78	9.24	10.75	25.77	10.64	9.95	9.29
Enterprise Value to EBIT (EV/EBIT)	12.75	17.00	15.37	19.92	0.00	5,101.06	0.00	0.00	0.00	526.82	70.67
Enterprise Value to NOPAT (EV/NOPAT)	24.28	25.48	26.54	29.57	0.00	0.00	0.00	0.00	127.81	125.20	112.72
Enterprise Value to Operating Cash Flow (EV/OCF)	10.87	10.29	10.91	12.57	13.35	12.14	12.34	12.64	13.29	11.77	12.01
Enterprise Value to Free Cash Flow (EV/FCFF)	20.58	19.29	21.17	26.61	24.39	20.97	18.18	16.15	18.48	18.20	20.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.26	3.54	3.53	3.68	4.62	4.97	5.36	7.27	7.17	7.78	8.22
Long-Term Debt to Equity	3.03	3.29	3.33	3.46	4.31	4.68	5.00	6.78	6.78	7.40	7.74
Financial Leverage	3.01	2.99	3.09	3.29	3.61	3.79	4.00	4.65	5.31	5.72	6.12
Leverage Ratio	5.73	5.58	5.56	5.79	6.21	6.71	6.80	7.57	8.48	9.41	9.73
Compound Leverage Factor	1.59	-14.14	0.16	-5.06	8.58	0.45	-14.51	10.66	0.57	1.17	0.58
Debt to Total Capital	76.52%	77.98%	77.95%	78.65%	82.20%	83.25%	84.27%	87.91%	87.76%	88.62%	89.15%
Short-Term Debt to Total Capital	5.40%	5.55%	4.50%	4.86%	5.54%	4.80%	5.56%	6.00%	4.79%	4.38%	5.15%
Long-Term Debt to Total Capital	71.12%	72.43%	73.45%	73.79%	76.66%	78.45%	78.71%	81.91%	82.97%	84.24%	83.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.42%	5.21%	5.28%	5.27%	5.44%	5.20%	5.20%	5.53%	5.58%	5.44%	5.09%
Common Equity to Total Capital	18.06%	16.81%	16.77%	16.08%	12.36%	11.55%	10.54%	6.55%	6.67%	5.95%	5.76%
Debt to EBITDA	4.55	5.17	4.86	5.24	8.80	8.13	9.40	22.42	8.93	8.69	7.86
Net Debt to EBITDA	4.22	4.55	4.45	4.86	8.17	7.48	8.74	21.01	8.28	7.87	7.22
Long-Term Debt to EBITDA	4.23	4.80	4.58	4.92	8.21	7.67	8.78	20.89	8.44	8.26	7.40
Debt to NOPAT	20.01	22.57	22.84	24.08	-184.94	-238.99	-898.13	-25.52	107.24	109.31	95.34
Net Debt to NOPAT	18.57	19.84	20.94	22.30	-171.59	-219.64	-834.89	-23.91	99.51	98.96	87.57
Long-Term Debt to NOPAT	18.60	20.97	21.52	22.60	-172.48	-225.21	-838.88	-23.78	101.39	103.91	89.83
Altman Z-Score	0.19	0.14	0.17	0.16	-0.02	0.07	0.03	-0.15	0.05	0.04	0.04
Noncontrolling Interest Sharing Ratio	24.44%	24.33%	24.40%	24.18%	26.23%	26.71%	27.58%	31.83%	36.47%	38.12%	38.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.13	1.12	1.09	1.06	1.04	1.08	1.08	1.14	1.14	1.11
Quick Ratio	0.68	0.84	0.78	0.75	0.72	0.72	0.72	0.71	0.78	0.79	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	205	195	79	115	188	-1,298	613	667	710	295	182
Operating Cash Flow to CapEx	145.86%	240.90%	21.24%	111.67%	140.32%	243.49%	25.44%	101.36%	145.83%	325.74%	42.50%
Free Cash Flow to Firm to Interest Expense	1.35	1.27	0.51	0.74	1.18	-8.04	3.55	4.03	4.32	1.75	1.09
Operating Cash Flow to Interest Expense	1.44	2.54	0.15	1.00	1.11	2.47	0.14	0.85	1.08	2.74	0.25
Operating Cash Flow Less CapEx to Interest Expense	0.45	1.49	-0.55	0.11	0.32	1.45	-0.42	0.01	0.34	1.90	-0.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.33	0.34	0.34	0.34	0.34	0.34	0.35	0.36	0.36	0.36
Accounts Receivable Turnover	7.27	7.00	6.77	6.69	6.60	6.41	6.40	6.26	6.27	6.63	6.60
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.06	1.06	1.07	1.08	1.08	1.08	1.09	1.10	1.12	1.12	1.14
Accounts Payable Turnover	2.57	2.15	2.56	2.81	2.89	2.28	2.82	3.10	3.55	2.36	3.02
Days Sales Outstanding (DSO)	50.20	52.16	53.89	54.59	55.26	56.93	56.99	58.27	58.20	55.03	55.34
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	142.30	169.82	142.57	129.73	126.45	159.79	129.50	117.69	102.85	154.56	120.77
Cash Conversion Cycle (CCC)	-92.11	-117.66	-88.67	-75.14	-71.19	-102.86	-72.52	-59.41	-44.65	-99.53	-65.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,902	9,658	9,780	9,815	9,448	9,187	9,256	8,914	8,991	8,709	8,850
Invested Capital Turnover	0.45	0.46	0.46	0.46	0.46	0.47	0.47	0.47	0.48	0.50	0.49
Increase / (Decrease) in Invested Capital	-71	-116	-89	-37	-454	-472	-523	-900	-457	-445	-406
Enterprise Value (EV)	9,600	9,234	9,360	9,920	9,987	9,182	9,348	9,378	9,868	9,483	9,887
Market Capitalization	1,696	1,496	1,427	1,896	1,881	1,251	1,246	1,219	1,659	1,479	1,729
Book Value per Share	$8.99	$8.62	$8.79	$8.37	$6.25	$5.70	$5.19	$3.04	$3.14	$2.78	$2.70
Tangible Book Value per Share	($18.15)	($18.83)	($19.61)	($19.67)	($20.41)	($20.78)	($21.18)	($20.29)	($20.32)	($20.64)	($20.86)
Total Capital	10,343	10,490	10,335	10,274	9,922	9,706	9,699	9,282	9,435	9,343	9,380
Total Debt	7,915	8,180	8,056	8,081	8,156	8,080	8,173	8,160	8,280	8,279	8,362
Total Long-Term Debt	7,357	7,598	7,591	7,581	7,606	7,615	7,634	7,603	7,828	7,870	7,879
Net Debt	7,343	7,191	7,388	7,482	7,567	7,426	7,598	7,646	7,683	7,495	7,681
Capital Expenditures (CapEx)	150	162	110	141	127	164	97	139	122	142	99
Debt-free, Cash-free Net Working Capital (DFCFNWC)	27	-127	18	65	80	-101	110	187	118	-107	17
Debt-free Net Working Capital (DFNWC)	599	862	687	664	668	553	686	701	714	677	699
Net Working Capital (NWC)	41	280	222	164	119	88	147	144	263	268	215
Net Nonoperating Expense (NNE)	86	162	-9.59	114	163	-1,609	216	182	237	-121	-208
Net Nonoperating Obligations (NNO)	7,473	7,349	7,501	7,621	7,682	7,561	7,731	7,792	7,836	7,645	7,832
Total Depreciation and Amortization (D&A)	238	309	254	242	249	247	236	225	221	253	225
Debt-free, Cash-free Net Working Capital to Revenue	0.60%	-2.82%	0.41%	1.45%	1.78%	-2.27%	2.48%	4.23%	2.66%	-2.40%	0.39%
Debt-free Net Working Capital to Revenue	13.30%	19.10%	15.23%	14.73%	14.95%	12.41%	15.44%	15.89%	16.12%	15.24%	15.73%
Net Working Capital to Revenue	0.90%	6.20%	4.92%	3.65%	2.66%	1.97%	3.30%	3.26%	5.93%	6.04%	4.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.29	($0.51)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M
Adjusted Diluted Earnings per Share	$0.29	($0.50)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M	201.40M
Normalized Net Operating Profit after Tax (NOPAT)	143	83	70	95	99	115	101	129	143	136	109
Normalized NOPAT Margin	12.68%	7.12%	6.33%	8.54%	9.11%	9.97%	9.29%	11.87%	12.89%	11.69%	10.11%
Pre Tax Income Margin	5.18%	-9.47%	0.42%	-6.51%	-52.77%	1.01%	-10.85%	-52.53%	1.06%	2.05%	0.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.38	0.28	1.03	0.53	-2.61	1.07	0.32	-2.45	1.07	1.14	1.06
NOPAT to Interest Expense	0.88	0.51	-0.06	0.50	-1.67	-10.95	0.52	-1.41	1.54	-0.89	-1.35
EBIT Less CapEx to Interest Expense	0.40	-0.77	0.33	-0.37	-3.41	0.06	-0.24	-3.29	0.33	0.30	0.47
NOPAT Less CapEx to Interest Expense	-0.11	-0.54	-0.77	-0.40	-2.46	-11.97	-0.04	-2.25	0.79	-1.73	-1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.07%	-86.87%	0.00%	-62.19%	-10.32%	-8.78%	-11.17%	-6.49%	-8.99%	-13.22%	-21.83%
Augmented Payout Ratio	136.04%	-223.16%	-793.75%	-229.64%	-26.78%	-22.00%	-14.74%	-6.49%	-8.99%	-13.22%	-25.06%

Financials Breakdown Chart

Key Financial Trends

Liberty Latin America (NASDAQ: LILA) has shown a fairly stable revenue base around the $1.1–$1.16 billion per quarter over 2023–2025, with margin remains solid, but profitability to common shareholders has been pressured by high financing costs. Cash flow from operations improved in 2025, and the company continues to invest in network assets, while leverage remains substantial.

Revenue consistency: Q4 2025 operating revenue was 1.1595B, and results over 2024–2025 show a tight range around 1.15B, indicating a stable revenue base despite macro headwinds.
Gross margin stability: Latest quarters show gross margins in the high 70s (gross profit around 0.896B on 1.159B revenue in Q4 2025, about 77%), signaling durable underlying profitability in core services.
Operating cash flow gains: Net cash from continuing operating activities in Q4 2025 was 461.9M, up from prior periods and reflecting improving cash generation.
Free cash flow in Q4 2025: Approximately 320M of free cash flow, after subtracting capex (roughly 141.8M), suggesting liquidity to fund investments or debt service.
Liquidity position: Cash and equivalents hovered around 0.6B in late 2025 (e.g., 596.7M in Q3 2025), providing a modest liquidity buffer.
Leverage profile: Long-term debt around 7.6–7.8B and total liabilities near 10.9B as of 2025 Q3, indicating a high leverage setup common to the sector (neutral for stock considerations).
Working capital variability: Changes in operating assets and liabilities swung, with a notable 242.7M positive net change in Q4 2025, contributing to CFO strength but signaling working-capital sensitivity.
Ongoing investment in assets: Quarterly capex generally in the 90–140M range, reflecting continued network investments rather than austerity, which is neutral to the longer-term growth profile.
Profitability to common shareholders: Net income attributable to common shareholders was negative in Q4 2025 (-54.8M) and has run negative in multiple quarters, highlighting ongoing profitability challenges for equity holders.
Interest burden: Interest expense consistently around 164–173M per quarter (e.g., 168.4M in Q4 2025; 164.3M in Q3 2025; 172.7M in Q1 2025), weighing on net income and overall profitability.

05/21/26 01:39 PM ETAI Generated. May Contain Errors.

Liberty Latin America Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Liberty Latin America's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Liberty Latin America's net income appears to be on an upward trend, with a most recent value of -$554.30 million in 2025, falling from $45.80 million in 2015. The previous period was -$659.70 million in 2024. See Liberty Latin America's forecast for analyst expectations on what's next for the company.

Liberty Latin America's total operating income in 2025 was $108.20 million, based on the following breakdown:

Total Gross Profit: $3.47 billion
Total Operating Expenses: $3.36 billion

Over the last 10 years, Liberty Latin America's total revenue changed from $1.22 billion in 2015 to $4.44 billion in 2025, a change of 264.9%.

Liberty Latin America's total liabilities were at $11.16 billion at the end of 2025, a 0.2% decrease from 2024, and a 31.6% increase since 2016.

In the past 9 years, Liberty Latin America's cash and equivalents has ranged from $529.90 million in 2017 to $1.18 billion in 2019, and is currently $783.90 million as of their latest financial filing in 2025.

Over the last 10 years, Liberty Latin America's book value per share changed from 0.00 in 2015 to 2.78 in 2025, a change of 277.5%.

Related Companies

Financial statements for NASDAQ:LILA last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Liberty Latin America (LILA) Financials

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Liberty Latin America (LILA) Financials

Annual Income Statements for Liberty Latin America

Quarterly Income Statements for Liberty Latin America

Annual Cash Flow Statements for Liberty Latin America

Quarterly Cash Flow Statements for Liberty Latin America

Annual Balance Sheets for Liberty Latin America

Quarterly Balance Sheets for Liberty Latin America

Annual Metrics And Ratios for Liberty Latin America

Quarterly Metrics And Ratios for Liberty Latin America

Financials Breakdown Chart

Key Financial Trends

Liberty Latin America Financials - Frequently Asked Questions

When does Liberty Latin America's fiscal year end?

How has Liberty Latin America's net income changed over the last 10 years?

What is Liberty Latin America's operating income?

How has Liberty Latin America's revenue changed over the last 10 years?

How much debt does Liberty Latin America have?

How much cash does Liberty Latin America have?

How has Liberty Latin America's book value per share changed over the last 10 years?

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