Liberty Global (LILAK) Financials

$8.32 +0.27 (+3.32%)

As of 03:55 PM Eastern

Annual Income Statements for Liberty Global

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	35	60	-103	-0.50	-43	-436	-178	-136	-423	3.30	-55
Consolidated Net Income / (Loss)	16	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28
Net Income / (Loss) Continuing Operations	16	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28
Total Pre-Tax Income	46	58	-110	4.60	-73	-575	12	-118	-571	12	24
Total Operating Income	135	163	113	93	111	-380	128	128	-333	188	126
Total Gross Profit	886	867	883	859	873	857	878	851	854	865	896
Total Revenue	1,120	1,126	1,164	1,099	1,118	1,089	1,150	1,084	1,087	1,113	1,160
Operating Revenue	1,120	1,126	1,164	1,099	1,118	1,089	1,150	1,084	1,087	1,113	1,160
Total Cost of Revenue	235	259	280	240	245	232	272	233	232	248	263
Operating Cost of Revenue	235	259	280	240	245	232	272	233	232	248	263
Total Operating Expenses	750	704	770	766	762	1,237	751	723	1,187	677	771
Selling, General & Admin Expense	469	462	462	512	500	470	476	478	453	447	458
Depreciation Expense	241	231	303	248	237	245	238	229	218	214	245
Restructuring Charge	41	11	5.30	6.60	26	521	36	16	517	17	68
Total Other Income / (Expense), net	-90	-104	-223	-88	-184	-195	-116	-246	-238	-176	-102
Interest Expense	149	152	154	156	156	159	162	173	165	164	168
Other Income / (Expense), net	59	48	-70	68	-27	-36	46	-73	-72	-11	67
Income Tax Expense	30	10	-28	5.10	-36	-146	172	9.10	-156	-4.10	52
Net Income / (Loss) Attributable to Noncontrolling Interest	-19	-12	20	0.00	5.80	6.70	17	9.70	8.20	13	26
Basic Earnings per Share	$0.17	$0.29	($0.51)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)
Weighted Average Basic Shares Outstanding	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M
Diluted Earnings per Share	$0.16	$0.29	($0.50)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)
Weighted Average Diluted Shares Outstanding	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M
Weighted Average Basic & Diluted Shares Outstanding	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Net Change in Cash & Equivalents	-31	-66	417	-320	-65	-10	77	-79	-61	82	187
Net Cash From Operating Activities	226	219	391	23	157	178	399	25	141	178	462
Net Cash From Continuing Operating Activities	226	219	391	23	157	178	399	25	141	178	462
Net Income / (Loss) Continuing Operations	16	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28
Consolidated Net Income / (Loss)	16	48	-83	-0.50	-37	-429	-161	-127	-415	16	-28
Depreciation Expense	241	231	303	248	237	245	238	229	218	214	245
Amortization Expense	7.90	7.10	6.70	6.20	5.10	3.80	8.10	7.00	7.60	7.40	8.00
Non-Cash Adjustments To Reconcile Net Income	-8.40	-19	79	-39	44	552	4.20	114	576	16	-5.40
Changes in Operating Assets and Liabilities, net	-31	-48	85	-191	-92	-195	309	-199	-245	-75	243
Net Cash From Investing Activities	-159	-161	-163	-117	-166	-231	-175	-95	-152	-171	-175
Net Cash From Continuing Investing Activities	-159	-161	-163	-117	-166	-231	-175	-95	-152	-171	-175
Purchase of Property, Plant & Equipment	-159	-150	-162	-110	-141	-127	-164	-97	-139	-122	-142
Other Investing Activities, net	-	-12	24	-7.20	-25	-9.00	36	1.70	-13	-49	47
Net Cash From Financing Activities	-97	-122	193	-226	-55	47	-153	3.40	-36	85	-97
Net Cash From Continuing Financing Activities	-97	-122	193	-226	-55	47	-153	3.40	-36	85	-97
Repayment of Debt	-149	-205	-107	-216	-173	-387	-1,209	-909	-313	-437	-221
Payment of Dividends	-	-	-34	0.00	-	-12	-33	-29	-	-	-44
Issuance of Debt	152	113	337	46	156	417	1,087	942	278	503	168
Effect of Exchange Rate Changes	-	-1.10	-2.60	-0.80	-1.80	-3.60	-	-12	-14	-11	-3.50
Cash Interest Paid	109	165	98	192	123	178	126	152	142	146	160
Cash Income Taxes Paid	21	19	20	54	26	23	42	41	39	43	37

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

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	6/30/2022	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
Total Assets	14,970	15,063	13,421	13,411	13,309	13,273	13,151	12,728	12,598	11,953	12,045
Total Current Assets	2,353	2,109	1,993	2,091	1,971	2,101	2,064	2,067	2,060	2,039	2,077
Cash & Equivalents	1,031	769	672	633	572	669	599	589	576	514	597
Note & Lease Receivable	120	100	99	109	84	90	112	106	127	134	119
Accounts Receivable	611	590	624	640	648	708	709	706	679	700	708
Prepaid Expenses	82	88	77	90	91	92	100	101	109	96	94
Other Current Assets	510	562	522	621	576	543	546	566	569	595	559
Plant, Property, & Equipment, net	4,124	4,275	4,270	4,258	4,255	4,150	4,097	4,039	3,989	3,936	3,898
Total Noncurrent Assets	8,493	8,679	7,159	7,062	7,083	7,022	6,989	6,623	6,549	5,978	6,070
Goodwill	3,368	3,417	3,464	3,459	3,470	3,503	3,473	2,988	2,991	2,984	3,000
Intangible Assets	2,282	2,310	2,253	2,207	2,170	2,099	2,060	2,245	2,201	1,681	1,696
Other Noncurrent Operating Assets	1,320	1,553	1,442	1,396	1,443	1,420	1,456	1,390	1,357	1,313	1,375
Total Liabilities & Shareholders' Equity	14,970	15,063	13,421	13,411	13,309	13,273	13,151	12,728	12,598	11,953	12,045
Total Liabilities	12,501	12,537	10,899	11,018	10,880	10,994	10,957	10,962	11,072	10,831	10,890
Total Current Liabilities	1,520	1,591	1,687	1,760	1,930	1,880	1,900	1,948	1,913	1,896	1,814
Short-Term Debt	166	208	261	316	558	465	500	550	539	557	452
Accounts Payable	319	412	426	408	405	366	320	287	331	304	268
Accrued Expenses	619	571	571	583	520	583	599	638	590	571	616
Current Deferred Revenue	162	143	154	152	151	131	126	127	108	106	108
Current Employee Benefit Liabilities	77	85	79	79	83	75	80	94	77	95	110
Other Current Liabilities	70	76	92	89	83	146	137	139	135	116	107
Other Current Nonoperating Liabilities	108	96	103	133	111	113	139	115	133	147	153
Total Noncurrent Liabilities	10,981	10,946	9,212	9,258	8,950	9,114	9,057	9,014	9,159	8,935	9,076
Long-Term Debt	7,629	7,644	7,654	7,643	7,357	7,591	7,581	7,606	7,634	7,603	7,828
Noncurrent Deferred Revenue	127	113	101	93	89	97	87	85	86	82	80
Noncurrent Deferred & Payable Income Tax Liabilities	688	704	677	689	675	630	613	477	570	381	344
Other Noncurrent Operating Liabilities	737	817	780	833	829	796	776	846	869	870	824
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	2,469	2,526	2,522	2,393	2,429	2,279	2,194	1,766	1,526	1,122	1,155
Total Preferred & Common Equity	1,818	1,876	1,897	1,826	1,868	1,733	1,652	1,227	1,022	608	629
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	1,818	1,876	1,897	1,826	1,868	1,733	1,652	1,227	1,022	608	629
Common Stock	5,149	5,167	5,210	5,230	5,255	5,285	5,281	5,293	5,341	5,348	5,362
Retained Earnings	-3,067	-3,004	-2,919	-2,881	-2,839	-2,942	-2,985	-3,421	-3,735	-4,158	-4,155
Treasury Stock	-193	-226	-268	-325	-355	-422	-444	-444	-444	-444	-446
Accumulated Other Comprehensive Income / (Loss)	-70	-60	-126	-198	-194	-188	-200	-201	-140	-137	-131
Noncontrolling Interest	651	650	626	567	561	546	542	539	504	514	526

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.89%	-7.78%	0.71%	-0.19%	-0.20%	-3.25%	-1.14%	-1.45%	-2.80%	2.14%	1.69%
EBITDA Growth	503.65%	-5.19%	-30.93%	22.69%	-26.56%	-137.15%	18.93%	-29.87%	-155.44%	338.64%	13.80%
EBIT Growth	158.55%	-8.09%	-82.81%	69.26%	-57.10%	-297.62%	298.16%	-65.73%	-586.09%	142.37%	32.83%
NOPAT Growth	119.31%	29.87%	-33.11%	-113.52%	62.60%	-298.78%	-2,337.91%	988.97%	-400.54%	195.08%	-315.83%
Net Income Growth	103.17%	-41.51%	-164.26%	99.27%	-329.19%	-995.82%	-94.44%	-25,240.00%	-1,024.93%	103.71%	85.30%
EPS Growth	107.58%	-14.71%	-176.92%	100.00%	-237.50%	-865.52%	-74.00%	0.00%	-863.64%	100.90%	73.79%
Operating Cash Flow Growth	0.36%	51.00%	3.58%	-62.66%	-30.45%	-18.76%	2.07%	5.58%	-10.01%	0.39%	15.88%
Free Cash Flow Firm Growth	-114.27%	-76.16%	-21.42%	-77.99%	162.19%	-8.21%	-764.53%	673.95%	480.97%	277.66%	-48.49%
Invested Capital Growth	2.42%	-0.71%	-1.19%	-0.90%	-0.38%	-4.58%	-4.88%	-5.35%	-9.17%	-4.84%	-4.86%
Revenue Q/Q Growth	1.70%	0.50%	3.36%	-5.52%	1.69%	-2.58%	5.61%	-5.81%	0.30%	2.37%	4.22%
EBITDA Q/Q Growth	30.97%	1.15%	-21.21%	17.54%	-21.60%	-151.17%	352.22%	-30.69%	-161.98%	320.24%	12.11%
EBIT Q/Q Growth	104.63%	8.18%	-79.32%	269.66%	-48.13%	-598.32%	141.67%	-68.19%	-835.75%	143.44%	9.14%
NOPAT Q/Q Growth	-36.07%	180.24%	-40.83%	-112.75%	868.91%	-442.60%	-566.18%	105.07%	-359.95%	208.39%	-159.32%
Net Income Q/Q Growth	123.64%	197.52%	-272.65%	99.40%	-7,280.00%	-1,062.87%	62.53%	21.21%	-227.62%	103.83%	-278.62%
EPS Q/Q Growth	153.33%	81.25%	-272.41%	100.00%	0.00%	-909.09%	60.81%	20.69%	-207.25%	100.94%	-1,450.00%
Operating Cash Flow Q/Q Growth	261.54%	-3.15%	78.72%	-94.03%	573.39%	13.13%	124.56%	-93.83%	473.98%	26.20%	159.20%
Free Cash Flow Firm Q/Q Growth	-151.33%	210.82%	-4.53%	-59.46%	45.00%	63.57%	-791.13%	147.21%	8.85%	6.33%	-58.36%
Invested Capital Q/Q Growth	-0.17%	0.51%	-2.46%	1.26%	0.36%	-3.73%	-2.77%	0.76%	-3.70%	0.86%	-3.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.06%	76.99%	75.92%	78.15%	78.06%	78.71%	76.35%	78.53%	78.61%	77.74%	77.29%
EBITDA Margin	39.53%	39.79%	30.33%	37.73%	29.09%	-15.28%	36.49%	26.85%	-16.59%	35.69%	38.40%
Operating Margin	12.09%	14.45%	9.71%	8.44%	9.91%	-34.85%	11.10%	11.82%	-30.64%	16.85%	10.83%
EBIT Margin	17.35%	18.68%	3.74%	14.63%	7.46%	-38.16%	15.06%	5.09%	-37.31%	15.83%	16.58%
Profit (Net Income) Margin	1.44%	4.25%	-7.11%	-0.05%	-3.30%	-39.40%	-13.98%	-11.69%	-38.20%	1.43%	-2.45%
Tax Burden Percent	35.23%	82.16%	75.05%	-10.87%	50.69%	74.65%	-1,386.21%	107.74%	72.72%	134.75%	-119.33%
Interest Burden Percent	23.51%	27.72%	-253.33%	2.86%	-87.29%	138.31%	6.70%	-213.43%	140.80%	6.70%	12.38%
Effective Tax Rate	64.77%	17.84%	0.00%	110.87%	0.00%	0.00%	1,486.21%	0.00%	0.00%	-34.75%	219.33%
Return on Invested Capital (ROIC)	2.01%	5.38%	3.16%	-0.42%	3.18%	-11.27%	-72.79%	3.86%	-10.10%	10.92%	-6.43%
ROIC Less NNEP Spread (ROIC-NNEP)	1.58%	4.23%	0.93%	-0.29%	1.66%	-13.43%	-51.20%	1.02%	-12.46%	7.87%	-4.83%
Return on Net Nonoperating Assets (RNNOA)	4.74%	12.74%	2.80%	-0.90%	5.46%	-48.51%	-193.96%	4.08%	-57.93%	41.80%	-27.65%
Return on Equity (ROE)	6.75%	18.12%	5.95%	-1.32%	8.64%	-59.78%	-266.75%	7.95%	-68.03%	52.72%	-34.08%
Cash Return on Invested Capital (CROIC)	1.25%	4.69%	4.93%	4.50%	3.79%	4.23%	4.65%	5.40%	6.20%	5.79%	5.83%
Operating Return on Assets (OROA)	5.62%	5.93%	1.24%	4.94%	2.53%	-13.10%	5.08%	1.75%	-13.11%	5.67%	5.89%
Return on Assets (ROA)	0.47%	1.35%	-2.36%	-0.02%	-1.12%	-13.53%	-4.72%	-4.01%	-13.42%	0.51%	-0.87%
Return on Common Equity (ROCE)	5.06%	13.69%	4.50%	-1.00%	6.55%	-44.10%	-195.50%	5.75%	-46.38%	33.49%	-21.09%
Return on Equity Simple (ROE_SIMPLE)	8.69%	6.67%	0.00%	-1.11%	-4.37%	-44.77%	0.00%	-73.74%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	48	134	79	-10	78	-266	-1,770	90	-233	253	-150
NOPAT Margin	4.26%	11.87%	6.80%	-0.92%	6.94%	-24.40%	-153.89%	8.28%	-21.45%	22.71%	-12.93%
Net Nonoperating Expense Percent (NNEP)	0.43%	1.15%	2.22%	-0.13%	1.52%	2.16%	-21.59%	2.84%	2.36%	3.05%	-1.60%
Return On Investment Capital (ROIC_SIMPLE)	0.46%	1.29%	0.75%	-0.10%	0.75%	-2.68%	-18.24%	0.92%	-2.51%	2.68%	-1.60%
Cost of Revenue to Revenue	20.94%	23.01%	24.08%	21.85%	21.94%	21.29%	23.65%	21.47%	21.39%	22.26%	22.71%
SG&A Expenses to Revenue	41.86%	41.07%	39.74%	46.57%	44.69%	43.16%	41.39%	44.14%	41.65%	40.13%	39.47%
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	66.97%	62.53%	66.21%	69.71%	68.15%	113.56%	65.25%	66.71%	109.26%	60.89%	66.46%
Earnings before Interest and Taxes (EBIT)	194	210	44	161	83	-416	173	55	-405	176	192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	443	448	353	415	325	-166	420	291	-180	397	445
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.03	0.91	0.85	0.82	1.15	1.53	1.12	1.22	2.00	2.64	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)	0.41	0.38	0.33	0.32	0.42	0.42	0.28	0.28	0.28	0.37	0.33
Price to Earnings (P/E)	9.69	9.57	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	10.32%	10.45%	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)	0.99	0.97	0.96	0.96	1.01	1.06	1.00	1.01	1.05	1.10	1.09
Enterprise Value to Revenue (EV/Rev)	2.12	2.13	2.05	2.08	2.20	2.23	2.06	2.10	2.13	2.23	2.13
Enterprise Value to EBITDA (EV/EBITDA)	5.54	5.52	5.84	5.64	6.44	10.78	9.24	10.75	25.77	10.64	9.95
Enterprise Value to EBIT (EV/EBIT)	12.66	12.75	17.00	15.37	19.92	0.00	5,101.06	0.00	0.00	0.00	526.82
Enterprise Value to NOPAT (EV/NOPAT)	27.56	24.28	25.48	26.54	29.57	0.00	0.00	0.00	0.00	127.81	125.20
Enterprise Value to Operating Cash Flow (EV/OCF)	12.06	10.87	10.29	10.91	12.57	13.35	12.14	12.34	12.64	13.29	11.77
Enterprise Value to Free Cash Flow (EV/FCFF)	80.12	20.58	19.29	21.17	26.61	24.39	20.97	18.18	16.15	18.48	18.20
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.33	3.26	3.54	3.53	3.68	4.62	4.97	5.36	7.27	7.17	7.78
Long-Term Debt to Equity	3.19	3.03	3.29	3.33	3.46	4.31	4.68	5.00	6.78	6.78	7.40
Financial Leverage	3.00	3.01	2.99	3.09	3.29	3.61	3.79	4.00	4.65	5.31	5.72
Leverage Ratio	5.84	5.73	5.58	5.56	5.79	6.21	6.71	6.80	7.57	8.48	9.41
Compound Leverage Factor	1.37	1.59	-14.14	0.16	-5.06	8.58	0.45	-14.51	10.66	0.57	1.17
Debt to Total Capital	76.88%	76.52%	77.98%	77.95%	78.65%	82.20%	83.25%	84.27%	87.91%	87.76%	88.62%
Short-Term Debt to Total Capital	3.05%	5.40%	5.55%	4.50%	4.86%	5.54%	4.80%	5.56%	6.00%	4.79%	4.38%
Long-Term Debt to Total Capital	73.84%	71.12%	72.43%	73.45%	73.79%	76.66%	78.45%	78.71%	81.91%	82.97%	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	5.48%	5.42%	5.21%	5.28%	5.27%	5.44%	5.20%	5.20%	5.53%	5.58%	5.44%
Common Equity to Total Capital	17.64%	18.06%	16.81%	16.77%	16.08%	12.36%	11.55%	10.54%	6.55%	6.67%	5.95%
Debt to EBITDA	4.51	4.55	5.17	4.86	5.24	8.80	8.13	9.40	22.42	8.93	8.69
Net Debt to EBITDA	4.15	4.22	4.55	4.45	4.86	8.17	7.48	8.74	21.01	8.28	7.87
Long-Term Debt to EBITDA	4.33	4.23	4.80	4.58	4.92	8.21	7.67	8.78	20.89	8.44	8.26
Debt to NOPAT	22.46	20.01	22.57	22.84	24.08	-184.94	-238.99	-898.13	-25.52	107.24	109.31
Net Debt to NOPAT	20.68	18.57	19.84	20.94	22.30	-171.59	-219.64	-834.89	-23.91	99.51	98.96
Long-Term Debt to NOPAT	21.57	18.60	20.97	21.52	22.60	-172.48	-225.21	-838.88	-23.78	101.39	103.91
Altman Z-Score	0.22	0.19	0.14	0.17	0.16	-0.02	0.07	0.03	-0.15	0.05	0.04
Noncontrolling Interest Sharing Ratio	25.05%	24.44%	24.33%	24.40%	24.18%	26.23%	26.71%	27.58%	31.83%	36.47%	38.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.02	1.13	1.12	1.09	1.06	1.04	1.08	1.08	1.14	1.14
Quick Ratio	0.78	0.68	0.84	0.78	0.75	0.72	0.72	0.72	0.71	0.78	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-185	205	195	79	115	188	-1,298	613	667	710	295
Operating Cash Flow to CapEx	141.89%	145.86%	240.90%	21.24%	111.67%	140.32%	243.49%	25.44%	101.36%	145.83%	325.74%
Free Cash Flow to Firm to Interest Expense	-1.24	1.35	1.27	0.51	0.74	1.18	-8.04	3.55	4.03	4.32	1.75
Operating Cash Flow to Interest Expense	1.52	1.44	2.54	0.15	1.00	1.11	2.47	0.14	0.85	1.08	2.74
Operating Cash Flow Less CapEx to Interest Expense	0.45	0.45	1.49	-0.55	0.11	0.32	1.45	-0.42	0.01	0.34	1.90
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.32	0.33	0.34	0.34	0.34	0.34	0.34	0.35	0.36	0.36
Accounts Receivable Turnover	7.35	7.27	7.00	6.77	6.69	6.60	6.41	6.40	6.26	6.27	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	1.10	1.06	1.06	1.07	1.08	1.08	1.08	1.09	1.10	1.12	1.12
Accounts Payable Turnover	2.99	2.57	2.15	2.56	2.81	2.89	2.28	2.82	3.10	3.55	2.36
Days Sales Outstanding (DSO)	49.63	50.20	52.16	53.89	54.59	55.26	56.93	56.99	58.27	58.20	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)	121.95	142.30	169.82	142.57	129.73	126.45	159.79	129.50	117.69	102.85	154.56
Cash Conversion Cycle (CCC)	-72.32	-92.11	-117.66	-88.67	-75.14	-71.19	-102.86	-72.52	-59.41	-44.65	-99.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,852	9,902	9,658	9,780	9,815	9,448	9,187	9,256	8,914	8,991	8,709
Invested Capital Turnover	0.47	0.45	0.46	0.46	0.46	0.46	0.47	0.47	0.47	0.48	0.50
Increase / (Decrease) in Invested Capital	232	-71	-116	-89	-37	-454	-472	-523	-900	-457	-445
Enterprise Value (EV)	9,765	9,600	9,234	9,360	9,920	9,987	9,182	9,348	9,378	9,868	9,483
Market Capitalization	1,872	1,696	1,496	1,427	1,896	1,881	1,251	1,246	1,219	1,659	1,479
Book Value per Share	$8.53	$8.99	$8.62	$8.79	$8.37	$6.25	$5.70	$5.19	$3.04	$3.14	$2.78
Tangible Book Value per Share	($17.95)	($18.15)	($18.83)	($19.61)	($19.67)	($20.41)	($20.78)	($21.18)	($20.29)	($20.32)	($20.64)
Total Capital	10,351	10,343	10,490	10,335	10,274	9,922	9,706	9,699	9,282	9,435	9,343
Total Debt	7,958	7,915	8,180	8,056	8,081	8,156	8,080	8,173	8,160	8,280	8,279
Total Long-Term Debt	7,643	7,357	7,598	7,591	7,581	7,606	7,615	7,634	7,603	7,828	7,870
Net Debt	7,326	7,343	7,191	7,388	7,482	7,567	7,426	7,598	7,646	7,683	7,495
Capital Expenditures (CapEx)	159	150	162	110	141	127	164	97	139	122	142
Debt-free, Cash-free Net Working Capital (DFCFNWC)	14	27	-127	18	65	80	-101	110	187	118	-107
Debt-free Net Working Capital (DFNWC)	647	599	862	687	664	668	553	686	701	714	677
Net Working Capital (NWC)	331	41	280	222	164	119	88	147	144	263	268
Net Nonoperating Expense (NNE)	32	86	162	-9.59	114	163	-1,609	216	182	237	-121
Net Nonoperating Obligations (NNO)	7,459	7,473	7,349	7,501	7,621	7,682	7,561	7,731	7,792	7,836	7,645
Total Depreciation and Amortization (D&A)	248	238	309	254	242	249	247	236	225	221	253
Debt-free, Cash-free Net Working Capital to Revenue	0.30%	0.60%	-2.82%	0.41%	1.45%	1.78%	-2.27%	2.48%	4.23%	2.66%	-2.40%
Debt-free Net Working Capital to Revenue	14.07%	13.30%	19.10%	15.23%	14.73%	14.95%	12.41%	15.44%	15.89%	16.12%	15.24%
Net Working Capital to Revenue	7.21%	0.90%	6.20%	4.92%	3.65%	2.66%	1.97%	3.30%	3.26%	5.93%	6.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.18	$0.29	($0.51)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)
Adjusted Weighted Average Basic Shares Outstanding	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M
Adjusted Diluted Earnings per Share	$0.17	$0.29	($0.50)	$0.00	($0.22)	($2.22)	($0.87)	($0.69)	($2.12)	$0.02	($0.27)
Adjusted Weighted Average Diluted Shares Outstanding	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M
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	207.81M	204.70M	205.10M	197.30M	196.30M	196.70M	196.90M	199.90M	200.10M	200.20M	200.10M
Normalized Net Operating Profit after Tax (NOPAT)	123	143	83	70	95	99	115	101	129	143	136
Normalized NOPAT Margin	11.01%	12.68%	7.12%	6.33%	8.54%	9.11%	9.97%	9.29%	11.87%	12.89%	11.69%
Pre Tax Income Margin	4.08%	5.18%	-9.47%	0.42%	-6.51%	-52.77%	1.01%	-10.85%	-52.53%	1.06%	2.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.31	1.38	0.28	1.03	0.53	-2.61	1.07	0.32	-2.45	1.07	1.14
NOPAT to Interest Expense	0.32	0.88	0.51	-0.06	0.50	-1.67	-10.95	0.52	-1.41	1.54	-0.89
EBIT Less CapEx to Interest Expense	0.24	0.40	-0.77	0.33	-0.37	-3.41	0.06	-0.24	-3.29	0.33	0.30
NOPAT Less CapEx to Interest Expense	-0.75	-0.11	-0.54	-0.77	-0.40	-2.46	-11.97	-0.04	-2.25	0.79	-1.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.98%	33.07%	-86.87%	0.00%	-62.19%	-10.32%	-8.78%	-11.17%	-6.49%	-8.99%	-13.22%
Augmented Payout Ratio	108.76%	136.04%	-223.16%	-793.75%	-229.64%	-26.78%	-22.00%	-14.74%	-6.49%	-8.99%	-13.22%

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.

05/05/26 03:56 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Liberty Global's Financials

When does Liberty Global's fiscal year end?

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

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

Liberty Global'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. Find out what analysts predict for Liberty Global in the coming months.

What is Liberty Global's operating income?

Liberty Global'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

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

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

How much debt does Liberty Global have?

Liberty Global'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.

How much cash does Liberty Global have?

In the past 9 years, Liberty Global'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.

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

Over the last 10 years, Liberty Global'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:LILAK last updated on 2/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Liberty Global (LILAK) Financials

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Liberty Global (LILAK) Financials

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