Liberty Latin America Ltd. (LILA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1550 WEWATTA STREET DENVER, CO 80202 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4841 - Cable and Other Pay Television Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 989 | 781 | 957 | 894 | 1,184 | 631 | |||
| Cash and cash equivalents | 989 | 781 | 957 | 894 | 1,184 | 631 | |||
| Receivables | 793 | 695 | 653 | 561 | 585 | 607 | |||
| Prepaid expense | 69 | 65 | 68 | 63 | 59 | 73 | |||
| Contract with customer, asset, after allowance for credit loss | 110 | 107 | |||||||
| Derivative instruments and hedges, assets | 92 | ||||||||
| Other current assets | 360 | 430 | 389 | 434 | 227 | 333 | |||
| Total current assets: | 2,412 | 2,079 | 2,066 | 1,952 | 2,055 | 1,645 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,206 | 4,294 | 4,168 | 4,911 | 4,301 | 4,237 | |||
| Intangible assets, net (including goodwill) | 5,618 | 5,702 | 6,329 | 7,210 | 6,436 | 6,862 | |||
| Goodwill | 3,483 | 3,421 | 3,948 | 4,886 | 4,906 | 5,133 | |||
| Intangible assets, net (excluding goodwill) | 2,134 | 2,281 | 2,381 | 2,325 | 1,530 | 1,728 | |||
| Restricted cash and investments | 17 | 1,272 | |||||||
| Disposal group, including discontinued operation, noncurrent assets | 1,569 | ||||||||
| Other noncurrent assets | 1,359 | 1,501 | 1,254 | 1,139 | 873 | 703 | |||
| Total noncurrent assets: | 11,182 | 11,496 | 13,320 | 13,278 | 12,882 | 11,802 | |||
| TOTAL ASSETS: | 13,595 | 13,575 | 15,386 | 15,230 | 14,938 | 13,447 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,274 | 1,307 | 1,139 | 1,194 | 1,163 | 1,070 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 113 | 132 | 133 | 119 | ||
| Taxes payable | ✕ | ✕ | ✕ | 30 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 101 | 98 | 89 | |||
| Accounts payable | 424 | 525 | 398 | 352 | 347 | 297 | |||
| Accrued liabilities | 850 | 782 | 528 | 613 | 595 | 624 | |||
| Deferred revenue | 167 | 152 | 148 | 185 | 161 | ✕ | |||
| Debt | 582 | 227 | 106 | 162 | 180 | 303 | |||
| Derivative instruments and hedges, liabilities | 25 | 42 | 39 | 90 | 35 | 24 | |||
| Restructuring reserve | 8 | 18 | 24 | 18 | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 162 | ||
| Other undisclosed current liabilities | 84 | 34 | 74 | 56 | 13 | 33 | |||
| Total current liabilities: | 2,133 | 1,762 | 1,515 | 1,705 | 1,576 | 1,609 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,598 | 7,654 | 7,460 | 8,195 | 8,190 | 6,380 | |||
| Long-term debt, excluding current maturities | 8,184 | 8,188 | 6,376 | ||||||
| Other undisclosed long-term debt and lease obligation | 7,598 | 7,654 | 7,460 | 12 | (118) | 4 | |||
| Liabilities, other than long-term debt | 1,554 | 1,593 | 3,499 | 1,886 | 1,192 | 1,047 | |||
| Deferred revenue | 92 | 109 | 153 | 185 | 211 | ✕ | |||
| Deferred income tax liabilities | 631 | 691 | 696 | 620 | 402 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 206 | ||||||||
| Restructuring reserve | 8 | ||||||||
| Disposal group, including discontinued operation, liabilities | 1,854 | ||||||||
| Other liabilities | 832 | 793 | 796 | 1,081 | 579 | 792 | |||
| Operating lease, liability | 119 | ✕ | |||||||
| Derivative instruments and hedges, liabilities | 41 | ||||||||
| Other undisclosed noncurrent liabilities | 288 | ||||||||
| Total noncurrent liabilities: | 9,152 | 9,247 | 10,958 | 10,081 | 9,382 | 7,715 | |||
| Total liabilities: | 11,285 | 11,009 | 12,473 | 11,786 | 10,958 | 9,323 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,764 | 1,917 | 2,236 | 2,715 | 3,110 | 3,113 | |||
| Treasury stock, value | (361) | (243) | (74) | (10) | |||||
| Additional paid in capital | 5,262 | 5,177 | 5,075 | 4,982 | 4,570 | 4,494 | |||
| Accumulated other comprehensive loss | (198) | (149) | (90) | (126) | (15) | (16) | |||
| Accumulated deficit | (2,942) | (2,870) | (2,678) | (2,135) | (1,447) | (1,367) | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Equity, attributable to noncontrolling interest | 546 | 649 | 677 | 729 | 870 | 1,011 | |||
| Total equity: | 2,310 | 2,566 | 2,913 | 3,444 | 3,980 | 4,123 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,595 | 13,575 | 15,386 | 15,230 | 14,938 | 13,447 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,511 | 4,815 | 4,799 | 3,765 | 3,867 | 3,706 | ||
| Cost of revenue | (1,789) | (2,027) | (1,907) | (1,514) | (1,583) | (1,571) | ||
| Cost of goods and services sold | (1,020) | (1,211) | (1,190) | (846) | (889) | |||
| Gross profit: | 2,722 | 2,788 | 2,892 | 2,251 | 2,284 | 2,135 | ||
| Operating expenses | (2,204) | (2,694) | (2,811) | (2,159) | (1,930) | (2,158) | ||
| Operating income (loss): | 518 | 94 | 81 | 92 | 354 | (24) | ||
| Nonoperating expense | (580) | (210) | (382) | (930) | (634) | (561) | ||
| Investment income, nonoperating | (34) | 359 | 564 | (353) | (17) | 95 | ||
| Gain (loss), foreign currency transaction, before tax | 70 | (194) | (320) | 1 | (113) | (180) | ||
| Interest and debt expense | (4) | 41 | (57) | (45) | (20) | (32) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (66) | (74) | (358) | (883) | (300) | (617) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 4 | (41) | 57 | 45 | 20 | 32 | ||
| Income (loss) from continuing operations before income taxes: | (62) | (115) | (301) | (838) | (281) | (585) | ||
| Income tax expense (benefit) | (24) | (87) | (190) | 29 | 98 | (51) | ||
| Loss from continuing operations: | (87) | (202) | (490) | (809) | (182) | (636) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (490) | (809) | (182) | (636) | |
| Net loss: | (87) | (202) | (490) | (809) | (182) | (636) | ||
| Net income attributable to noncontrolling interest | 13 | 26 | 50 | 122 | 102 | 291 | ||
| Net loss available to common stockholders, basic: | (74) | (176) | (440) | (687) | (80) | (345) | ||
| Interest on convertible debt | ||||||||
| Net loss available to common stockholders, diluted: | (74) | (176) | (440) | (687) | (80) | (345) | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (87) | (202) | (490) | (809) | (182) | (636) | ||
| Other comprehensive income (loss) | (48) | (60) | 35 | (112) | 1 | 39 | ||
| Comprehensive loss: | (135) | (262) | (455) | (921) | (181) | (596) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 12 | 27 | 51 | 123 | 103 | 292 | ||
| Comprehensive loss, net of tax, attributable to parent: | (122) | (235) | (404) | (798) | (79) | (305) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.