Exhibit 99.1 Liberty Latin America Reports Q1 2024 Results 45,000 organic broadband and postpaid mobile subscriber net adds Strong Adjusted OIBDA growth across Panama, Costa Rica & Caribbean Puerto Rico migration completed; performance set to improve 5% of shares outstanding repurchased in Q1; increased buyback authorization Denver, Colorado - May 7, 2024: Liberty Latin America Ltd. ("Liberty Latin America" or "LLA") (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating resul ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 (State or Other Jurisdiction of ...

Liberty Latin America Ltd. (NASDAQ:LILA) Q4 2023 Results Earnings Conference Call February 23, 2024 8:30 AM ET Company Participants Eduardo Diaz Corona - Senior Vice President and General Manager Balan Nair - President and Chief Executive Officer Christopher Noyes - Chief Financial Officer Ray Collins - Senior Vice President, Infrastructure and Corporate Strategy Conference Call Participants Soomit Datta - New Street Research Vitor Tomita - Goldman Sachs Matthew Harrigan - Benchmark Company Gabriel Vaz de L ...

• ~100k internet and postpaid adds in 2023; +9% YoY LIBERTY LATIN AMERICA | FY 2023 INVESTOR CALL | FEBRUARY 23, 2024 5 INTERNET RGU EVOLUTION INTERNET NET RGU ORGANIC ADDITIONS (LOSSES) | IN THOUSANDS 5 9 857 RGU ADDs TOTAL +29 YoY ADDs +11 +19 +17 +12 +15 FY 2023 REVENUE BY PRODUCT 2023 KEY MESSAGES & 2024 PRIORITIES 42% 16% 41% $0.7 BILLION • Fixed revenue driven by volume, leveraging networks and 3P offerings l LIBERTY PUERTO RICO | FOCUS ON COMPLETING INTEGRATION(1) FY 2023 REVENUE BY PRODUCT 2023 KEY ...

Part I [Business Overview](index=10&type=section&id=Item%201.%20Business) Liberty Latin America is a major telecommunications provider in Latin America and the Caribbean, offering residential and B2B services, with recent strategic developments including tower monetization and joint ventures [General Development of Business](index=10&type=section&id=General%20Development%20of%20Business) - Liberty Latin America is an international provider of fixed, mobile, and subsea telecommunications services across Latin America and the Caribbean, operating through segments including C&W Caribbean, C&W Panama, Liberty Puerto Rico, and Liberty Costa Rica[25](index=25&type=chunk)[27](index=27&type=chunk) - The company has expanded its network, passing or upgrading approximately **1.6 million homes** and commercial premises over the last three years through new build and upgrade projects[26](index=26&type=chunk) - In November 2023, the company monetized approximately **1,300 mobile tower sites** across six markets with Phoenix Tower International and agreed to build an additional **500 sites** over the next five years[28](index=28&type=chunk) - An agreement was made in November 2023 to acquire Dish Network's spectrum assets and prepaid mobile subscribers in Puerto Rico and the USVI for **$256 million**, payable in four annual installments, with the deal expected to close in 2024[28](index=28&type=chunk) - On October 6, 2022, the company formed a **50:50 joint venture** in Chile with América Móvil, contributing its VTR operations. Liberty Latin America now accounts for this interest as an equity method investment[28](index=28&type=chunk) - Completed the acquisition of América Móvil's Panama operations on July 1, 2022, for an enterprise value of **$200 million**[28](index=28&type=chunk) - Completed the acquisition of Telefónica's Costa Rica operations on August 9, 2021, for an enterprise value of **$500 million**[31](index=31&type=chunk) [Operating Data](index=15&type=section&id=Operating%20Data) Operating Data as of December 31, 2023 | Segment | Homes Passed | Customer Relationships | Total RGUs | Mobile Subscribers | | :--- | :--- | :--- | :--- | :--- | | C&W Caribbean | 1,738,600 | 832,200 | 1,739,000 | 1,970,000 | | C&W Panama | 953,600 | 260,400 | 620,500 | 1,856,400 | | Liberty Puerto Rico | 1,178,700 | 580,800 | 1,053,000 | 979,300 | | Liberty Costa Rica | 749,500 | 277,500 | 520,900 | 3,171,700 | | **Total** | **4,620,400** | **1,950,900** | **3,933,400** | **7,977,400** | Total Subscribers by Category as of December 31, 2023 | Category | Count | | :--- | :--- | | Video RGUs | 933,700 | | Internet RGUs | 1,801,400 | | Telephony RGUs | 1,198,300 | | Prepaid Mobile Subscribers | 5,556,500 | | Postpaid Mobile Subscribers | 2,420,900 | [Products and Services](index=18&type=section&id=Products%20and%20Services) - The company offers a comprehensive set of converged services, including mobile, broadband internet, video, and fixed-line telephony, across its markets in the Caribbean and Latin America[59](index=59&type=chunk)[60](index=60&type=chunk) - Mobile services are offered throughout the operating footprint, with postpaid contracts typically ranging from **12 to 36 months** and prepaid options available. Spectrum licenses generally have terms of **10 to 15 years**[61](index=61&type=chunk)[62](index=62&type=chunk)[63](index=63&type=chunk) - Broadband internet services are delivered predominantly via FTTH or HFC networks, with a focus on increasing speeds to support streaming and multi-device usage. In 2023, network extension programs passed or upgraded approximately **349,200 homes**[64](index=64&type=chunk)[66](index=66&type=chunk) - Video services include advanced digital platforms with features like DVR, Video-on-Demand (VoD), and "TV Everywhere" mobile applications. The company also manages sports and entertainment channels in the Caribbean region[68](index=68&type=chunk)[70](index=70&type=chunk) - B2B services are offered across all operations, with C&W having the most developed B2B business. Offerings include enterprise-grade connectivity, data center, hosting, and managed IT solutions[73](index=73&type=chunk) - Liberty Networks operates an extensive subsea and terrestrial fiber optic cable network of approximately **50,000 kilometers** with an activated capacity of over **20 Tbps**, providing connectivity and wholesale solutions to carriers and businesses across the region[74](index=74&type=chunk)[76](index=76&type=chunk)[78](index=78&type=chunk) [Technology and Supply Sources](index=22&type=section&id=Technology%20and%20Supply%20Sources) - The company primarily uses HFC and increasingly FTTH networks for broadband, video, and fixed-line telephony. Over **80% of the network** is capable of delivering speeds of **1 Gbps or more**, utilizing DOCSIS 3.1 and FTTH technologies[81](index=81&type=chunk)[82](index=82&type=chunk) - Mobile networks deliver high-speed services with over **90% LTE population coverage**. The company operates **5G networks** in Puerto Rico and the USVI, serving approximately **95% of the population** there, and is investing in a new virtualized, redundant mobile core in Puerto Rico[86](index=86&type=chunk)[87](index=87&type=chunk) - Content is primarily licensed from third-party providers, including broadcasters and major studios, through multi-year, per-subscriber fee agreements. The company also operates its own channels like Flow Sports in the Caribbean[88](index=88&type=chunk) - A variety of suppliers are used for mobile handsets and customer premises equipment (CPE) like set-top boxes and modems. The company implements dual sourcing strategies to mitigate supply chain risks[91](index=91&type=chunk) [Regulatory Matters](index=25&type=section&id=Regulatory%20Matters) - The company's businesses are regulated in each market, with regulations covering licensing, pricing, competition, and content. Adverse regulatory changes could limit growth and increase operating costs[93](index=93&type=chunk) - In the Caribbean, C&W is the incumbent provider in many jurisdictions and is subject to significant regulatory oversight, including price caps and interconnection rate setting. License renewals are currently in process in key markets like Jamaica and The Bahamas[94](index=94&type=chunk)[95](index=95&type=chunk)[98](index=98&type=chunk) - In Puerto Rico, operations are regulated by the FCC and the local Telecommunications Bureau (TB). The company receives federal funding from the UPR Fund and Connect USVI Fund to deploy and harden networks, but this support is decreasing[122](index=122&type=chunk)[125](index=125&type=chunk)[131](index=131&type=chunk) - In Costa Rica, operations are regulated by MICITT and Sutel. Liberty Telecomunicaciones holds two spectrum concessions, with the first expiring in May 2026 but renewable for an additional **10 years**[151](index=151&type=chunk)[152](index=152&type=chunk) - Regulators in some markets (e.g., Jamaica, ECTEL states) are mandating or considering third-party access to network infrastructure, which could increase competition and adversely impact revenue[100](index=100&type=chunk)[101](index=101&type=chunk)[102](index=102&type=chunk) [Competition](index=34&type=section&id=Competition) - The company operates in a highly competitive environment, facing pressure from incumbent telecom companies, mobile operators, DTH satellite providers, and Over-the-Top (OTT) streaming services[160](index=160&type=chunk)[165](index=165&type=chunk) - Key mobile competitors include Digicel in the Caribbean, Millicom (Tigo) in Panama and Costa Rica, and T-Mobile and Claro in Puerto Rico[161](index=161&type=chunk)[166](index=166&type=chunk) - In broadband, the company competes with cable, DSL, and FTTH providers. A key strategy is speed leadership, offering up to **1 Gbps** in many markets via HFC and FTTH networks[162](index=162&type=chunk)[163](index=163&type=chunk) - Video services face significant competition from DTH providers like DirecTV and Dish Network, as well as OTT services such as Netflix, Disney+, and Max. Piracy is also a major challenge, particularly in jurisdictions with weak copyright enforcement[165](index=165&type=chunk)[166](index=166&type=chunk)[169](index=169&type=chunk) - Fixed-line telephony competes with incumbent operators, other cable providers, and OTT telephony services like WhatsApp. The strategy focuses on value and bundling with other services[175](index=175&type=chunk)[176](index=176&type=chunk) [Human Capital Resources](index=38&type=section&id=Human%20Capital%20Resources) - As of December 31, 2023, the company employed approximately **10,600 full-time employees**. Women represented **41% of the global workforce** and **39% of managerial positions**[180](index=180&type=chunk) - The total employee attrition rate in 2023 was approximately **11.5%**, and the company measured its Employee Net Promoter Score (eNPS) at **+20**[181](index=181&type=chunk) - The company's Equality, Diversity & Inclusion (EDI) strategy focuses on gender equity, LGBTQIA+ inclusion, and race & ethnicity[185](index=185&type=chunk) - Corporate Social Responsibility efforts are focused on Learning, Environment, Access, and Disaster Relief. In 2023, over **1,300 employees** contributed more than **7,800 volunteer hours** during the company-wide "Mission Week" initiative[189](index=189&type=chunk)[190](index=190&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) The company faces diverse risks including intense competition, technological changes, complex regulations, foreign currency exposure, substantial leverage, cybersecurity threats, and corporate structure challenges - **Competition and Technology:** The company operates in highly competitive markets and faces risks from technological changes, potential failure to acquire desirable programming on acceptable terms, and dependence on third-party suppliers for equipment and software[200](index=200&type=chunk)[203](index=203&type=chunk)[207](index=207&type=chunk) - **Operational and Regulatory:** A substantial portion of business is outside the U.S., exposing the company to foreign currency exchange risk, political and economic instability, and complex, adverse regulations that could limit growth and increase costs[221](index=221&type=chunk)[228](index=228&type=chunk)[237](index=237&type=chunk) - **Financial:** The business is highly leveraged, with **$8.2 billion in debt** and finance lease obligations as of year-end 2023. This leverage could limit the ability to obtain additional financing and exposes the company to interest rate and credit market risks[263](index=263&type=chunk)[270](index=270&type=chunk) - **Cybersecurity:** The company's systems are vulnerable to security breaches, cyberattacks, and natural disasters, which could disrupt operations, result in data loss, and damage its reputation[284](index=284&type=chunk)[287](index=287&type=chunk) - **Corporate Structure:** As a holding company, its ability to meet financial obligations depends on accessing cash from subsidiaries, which may be restricted. Overlapping directors and officers with Liberty Global could create conflicts of interest[297](index=297&type=chunk)[298](index=298&type=chunk) - **Material Weaknesses:** The company has identified and disclosed continuing material weaknesses in its internal control over financial reporting, which could result in material misstatements in financial statements if not remediated[313](index=313&type=chunk)[314](index=314&type=chunk) [Unresolved Staff Comments](index=60&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - None [Cybersecurity](index=60&type=section&id=Item%201C.%20Cybersecurity) The company's cybersecurity program, overseen by the Audit Committee and managed by GISO, aligns with NIST standards and has not materially impacted operations to date - The cybersecurity program is overseen by the Audit Committee, which receives quarterly reports from management and external consultants[317](index=317&type=chunk) - The program is managed by the Global Information Security Office (GISO) and aligns with the NIST cybersecurity framework functions (Identify, Protect, Detect, Respond, Recover)[318](index=318&type=chunk) - The company utilizes third-party cybersecurity vendors for protection and engages experts to perform regular assessments, audits, and reviews of its cybersecurity measures[320](index=320&type=chunk) - As of the filing date, the company has not experienced any cybersecurity threats that have had a material effect on its business strategy, operations, or financial condition[325](index=325&type=chunk) [Properties](index=62&type=section&id=Item%202.%20Properties) The company leases corporate offices and operates through subsidiaries that own or lease fixed assets, including a significant subsea network, which are deemed adequate for current operations - The company leases its corporate office in Denver, Colorado and an operations center in Panama City, Panama[327](index=327&type=chunk) - Subsidiaries own or lease essential assets like office space, headend facilities, distribution equipment, and cell towers. The Liberty Networks segment owns significant portions of its subsea network[327](index=327&type=chunk) [Legal Proceedings](index=62&type=section&id=Item%203.%20Legal%20Proceedings) The company and its subsidiaries are involved in routine litigation, with outcomes not expected to materially differ from estimates, though no assurance is provided - The company and its subsidiaries are involved in litigation relating to claims arising from their operations in the normal course of business[328](index=328&type=chunk) [Mine Safety Disclosures](index=62&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable Part II [Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities](index=63&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Shareholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Liberty Latin America's Class A and C shares trade on Nasdaq, with no cash dividends paid, and the company has an active share repurchase program with **$139 million** remaining authorized - Class A (LILA) and Class C (LILAK) shares trade on the Nasdaq Global Select Market. Class B (LILAB) shares are eligible for the OTC Markets but lack an active trading market[333](index=333&type=chunk) - The company has never paid a cash dividend and has no present intention to do so[336](index=336&type=chunk) - On May 8, 2023, the Board approved an additional **$200 million** for the 2022 Share Repurchase Program, extending it through December 2025[339](index=339&type=chunk) Share Repurchases in Q4 2023 | Period | Class | Total Shares Purchased (millions) | Average Price Paid per Share | | :--- | :--- | :--- | :--- | | Oct 2023 | A | 0.1 | $8.17 | | Oct 2023 | C | 0.8 | $7.63 | | Nov 2023 | A/C | — | $— | | Dec 2023 | A/C | — | $— | - As of December 31, 2023, **$139 million** remained authorized for future share repurchases under the program[342](index=342&type=chunk) [[Reserved]](index=65&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=66&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2023, revenue decreased to **$4.51 billion** due to the Chile JV disposition, while operating income significantly increased to **$518 million** due to lower impairment charges, and net loss narrowed to **$74 million** [Overview](index=66&type=section&id=Overview) - As of December 31, 2023, the company served **7,977,400 mobile subscribers** and had **3,933,400 fixed-line RGUs**, including **1,801,400 broadband internet subscribers**[348](index=348&type=chunk) - In November 2023, the company monetized approximately **1,300 mobile towers**, receiving proceeds of about **$244 million**, which is recorded as debt[349](index=349&type=chunk) - The company's strategy focuses on organic growth through bundled services and network upgrades, as well as selective acquisitions to build scale[353](index=353&type=chunk)[354](index=354&type=chunk) [Results of Operations](index=67&type=section&id=Results%20of%20Operations) Consolidated Operating Results (2023 vs. 2022) | Metric | 2023 (in millions) | 2022 (in millions) | Change (in millions) | | :--- | :--- | :--- | :--- | | Revenue | $4,511.1 | $4,808.6 | $(297.5) | | Operating Income | $517.7 | $86.5 | $431.2 | | Consolidated Adjusted OIBDA | $1,701.6 | $1,709.9 | $(8.3) | | Net Loss | $(86.8) | $(207.8) | $121.0 | | Net Loss Attributable to Shareholders | $(73.6) | $(170.7) | $97.1 | - The decrease in 2023 revenue was primarily driven by the disposition of the Chile JV Entities, which contributed **$450.6 million** in 2022. Organically, revenue was nearly flat[363](index=363&type=chunk)[374](index=374&type=chunk) - The significant increase in operating income was mainly due to a **$532.3 million decrease** in impairment, restructuring, and other operating items compared to the prior year[363](index=363&type=chunk)[424](index=424&type=chunk) - Depreciation and amortization expense increased by **$98 million (11%)** in 2023, primarily due to property and equipment additions from network expansion and upgrades[421](index=421&type=chunk) - Interest expense increased by **$45 million** in 2023 due to higher weighted-average interest rates, partially offset by lower average debt balances following the Chile JV disposition[425](index=425&type=chunk) [Liquidity and Capital Resources](index=86&type=section&id=Liquidity%20and%20Capital%20Resources) Cash and Cash Equivalents by Group (Dec 31, 2023) | Holding Group | Cash (in millions) | | :--- | :--- | | Liberty Latin America and unrestricted subsidiaries | $100.3 | | C&W | $737.9 | | Liberty Puerto Rico | $119.9 | | Liberty Costa Rica | $30.5 | | **Total** | **$988.6** | Consolidated Cash Flow Summary (2023 vs. 2022) | Cash Flow Activity | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | Net cash from operating activities | $897.0 | $868.8 | | Net cash used by investing activities | $(615.8) | $(1,122.6) | | Net cash used by financing activities | $(62.4) | $(29.2) | - Total debt and finance lease obligations aggregated **$8.25 billion** as of December 31, 2023, with a weighted average interest rate of **7.1%** (**6.0%** including derivative impacts)[451](index=451&type=chunk)[453](index=453&type=chunk) - Property and equipment additions totaled **$730.9 million** in 2023, a decrease from **$816.3 million** in 2022, mainly due to the disposition of the Chile JV Entities[459](index=459&type=chunk) - Financing activities in 2023 included **$137 million** in net debt borrowings (including **$244 million** from Tower Transactions), offset by **$118 million** in share repurchases and **$75 million** in distributions to noncontrolling interest owners[460](index=460&type=chunk) Contractual Commitments as of December 31, 2023 | Obligation | Total (in millions) | Less than 1 year (in millions) | 1-3 years (in millions) | 3-5 years (in millions) | More than 5 years (in millions) | | :--- | :--- | :--- | :--- | :--- | :--- | | Debt (excluding interest) | $8,242.2 | $586.9 | $59.9 | $5,498.9 | $2,096.5 | | Operating leases | $769.7 | $123.0 | $218.2 | $167.7 | $260.8 | | Other | $97.5 | $52.3 | $27.4 | $14.5 | $3.3 | | **Total** | **$9,109.4** | **$762.2** | **$305.5** | **$5,681.1** | **$2,360.6** | [Critical Accounting Policies, Judgments and Estimates](index=91&type=section&id=Critical%20Accounting%20Policies%2C%20Judgments%20and%20Estimates) - The company's critical accounting policies involve significant judgment and estimates, particularly regarding the impairment of property, equipment, and intangible assets (including goodwill), and fair value measurements in acquisition accounting[468](index=468&type=chunk) - Goodwill and other indefinite-lived intangible assets are tested for impairment at least annually (on July 1) or when triggering events occur. The fair value of reporting units is typically determined using a discounted cash flow model, which requires significant management judgment on estimates like subscriber growth, margins, and discount rates[471](index=471&type=chunk)[472](index=472&type=chunk) - No goodwill impairments were recorded in 2023. However, significant goodwill impairments of **$555 million** and **$605 million** were recorded in 2022 and 2021, respectively, related to the C&W Caribbean segment[473](index=473&type=chunk) - Acquisition accounting requires estimating the fair value of acquired assets and liabilities, including property and equipment, customer relationships, and spectrum licenses, which impacts future depreciation and amortization expenses[474](index=474&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=92&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency fluctuations, primarily CRC and JMD, and interest rate changes on its **$3.0 billion** variable-rate debt, which is largely hedged, and manages counterparty credit risk - The company is exposed to foreign currency risk, primarily from the Costa Rican colón (CRC) and Jamaican dollar (JMD), which represented **12%** and **9% of 2023 revenue**, respectively. The company generally does not hedge against translation risk[481](index=481&type=chunk) - Interest rate risk is managed through derivative instruments. As of December 31, 2023, **96% of the company's total debt** was at a fixed or capped interest rate after accounting for these derivatives[486](index=486&type=chunk) - The company's variable-rate debt totaled **$3.0 billion** at year-end 2023. A hypothetical **0.50% (50 basis point) increase** in the variable interest rate would increase annual interest expense by **$15 million**, before considering the offsetting effects of derivative contracts[487](index=487&type=chunk) - Counterparty credit risk is spread across a broad base of financial institutions for derivative instruments and undrawn debt facilities. At year-end 2023, exposure included **$989 million in cash** and **$869 million in undrawn credit facilities**[488](index=488&type=chunk)[489](index=489&type=chunk) [Financial Statements and Supplementary Data](index=95&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements for 2021-2023, including balance sheets, income statements, cash flows, and detailed notes, along with the independent auditor's report [Report of Independent Registered Public Accounting Firm](index=99&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) - KPMG LLP issued an unqualified opinion on the consolidated financial statements, stating they present fairly, in all material respects, the financial position and results of operations of Liberty Latin America Ltd. in conformity with U.S. GAAP[521](index=521&type=chunk)[529](index=529&type=chunk) - KPMG LLP issued an adverse opinion on the effectiveness of the company's internal control over financial reporting as of December 31, 2023, due to the existence of material weaknesses[520](index=520&type=chunk)[530](index=530&type=chunk) - The identified material weaknesses relate to: (1) insufficient number of resources with appropriate skills, (2) ineffective information and communication processes, (3) ineffective IT risk assessment and general IT controls (GITCs), and (4) consequent deficiencies in process-level controls across major financial reporting cycles[523](index=523&type=chunk) - A critical audit matter identified was the assessment of goodwill impairment for certain reporting units, which required a high degree of subjective auditor judgment regarding key assumptions like projected revenues, costs, discount rates, and terminal growth rates[534](index=534&type=chunk)[535](index=535&type=chunk) [Consolidated Financial Statements](index=103&type=section&id=Consolidated%20Financial%20Statements) Consolidated Balance Sheet Data (As of Dec 31) | Account | 2023 (in millions) | 2022 (in millions) | | :--- | :--- | :--- | | Total Current Assets | $2,412.2 | $2,078.9 | | Goodwill | $3,483.4 | $3,421.3 | | Property and equipment, net | $4,205.7 | $4,293.6 | | **Total Assets** | **$13,594.6** | **$13,575.2** | | Total Current Liabilities | $2,132.6 | $1,773.8 | | Long-term debt and finance lease obligations | $7,598.0 | $7,653.8 | | **Total Liabilities** | **$11,284.9** | **$11,018.5** | | **Total Equity** | **$2,309.7** | **$2,556.7** | Consolidated Statement of Operations Data (Year Ended Dec 31) | Account | 2023 (in millions) | 2022 (in millions) | 2021 (in millions) | | :--- | :--- | :--- | :--- | | Revenue | $4,511.1 | $4,808.6 | $4,811.3 | | Operating Income | $517.7 | $86.5 | $63.8 | | Net Loss | $(86.8) | $(207.8) | $(490.6) | | Net Loss Attributable to Shareholders | $(73.6) | $(170.7) | $(440.6) | | Basic and Diluted EPS | $(0.35) | $(0.77) | $(1.89) | Consolidated Statement of Cash Flows Data (Year Ended Dec 31) | Account | 2023 (in millions) | 2022 (in millions) | 2021 (in millions) | | :--- | :--- | :--- | | Net cash from operating activities | $897.0 | $868.8 | $1,016.2 | | Net cash used by investing activities | $(615.8) | $(1,122.6) | $(1,268.6) | | Net cash from (used by) financing activities | $(62.4) | $(29.2) | $426.6 | [Notes to Consolidated Financial Statements](index=112&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - **(Note 5) Acquisitions:** A pending acquisition of Dish Network's spectrum assets in Puerto Rico and USVI for **$256 million** is expected to close in 2024. The note also details the final purchase price allocation for the 2022 Claro Panama acquisition and the 2021 Liberty Telecomunicaciones acquisition[647](index=647&type=chunk)[648](index=648&type=chunk)[653](index=653&type=chunk) - **(Note 6) Disposition:** In October 2022, the company contributed its Chile JV Entities to form a **50:50 joint venture** with América Móvil, resulting in a pre-tax gain of **$169 million**. The investment in the Chile JV is now accounted for using the equity method, and its carrying value was zero at year-end 2023[661](index=661&type=chunk)[666](index=666&type=chunk)[667](index=667&type=chunk) - **(Note 8) Long-lived Assets:** Goodwill stood at **$3.5 billion** at year-end 2023. Impairment charges in 2023 totaled **$67.0 million**, primarily related to operating lease right-of-use assets in C&W Panama. This compares to significant goodwill impairments of **$555.3 million** in 2022 and **$605.1 million** in 2021 in the C&W Caribbean segment[686](index=686&type=chunk)[691](index=691&type=chunk) - **(Note 10) Debt:** Total debt was **$8.24 billion** at year-end 2023. This includes proceeds of **$244 million** from the 2023 Tower Transactions, which are accounted for as a financial liability. The note details the debt structure by borrowing group (C&W, Liberty Puerto Rico, Liberty Costa Rica) and maturities[705](index=705&type=chunk)[708](index=708&type=chunk) - **(Note 12) Equity:** The company repurchased **$118.3 million** of its common shares in 2023. As of December 31, 2023, **$139 million** remained available under the 2022 Share Repurchase Program[754](index=754&type=chunk)[757](index=757&type=chunk) - **(Note 16) Income Taxes:** The company recorded an income tax expense of **$24.4 million** in 2023 on a pre-tax loss of **$62.4 million**. The effective tax rate is influenced by differing international rates, permanent differences, and changes in valuation allowances against deferred tax assets[779](index=779&type=chunk)[782](index=782&type=chunk) - **(Note 20) Segment Reporting:** The note provides a detailed breakdown of revenue and Adjusted OIBDA by reportable segment (C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, Liberty Costa Rica) and by major product category (residential fixed, residential mobile, B2B)[809](index=809&type=chunk)[814](index=814&type=chunk)[821](index=821&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=95&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - None [Controls and Procedures](index=95&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls were ineffective as of December 31, 2023, due to material weaknesses in internal control over financial reporting, for which a remediation plan is underway - Management concluded that disclosure controls and procedures were not effective as of December 31, 2023, due to material weaknesses in internal control over financial reporting[502](index=502&type=chunk) - The continuing material weaknesses include: (1) insufficient number of resources with appropriate skills, (2) ineffective information and communication processes, and (3) ineffective IT risk assessment and general information technology controls (GITCs)[507](index=507&type=chunk)[508](index=508&type=chunk) - These deficiencies create a reasonable possibility that a material misstatement to the financial statements will not be prevented or detected on a timely basis[508](index=508&type=chunk) - Management's remediation plan includes hiring more skilled individuals, enhancing communication processes (including implementing a new ERP), and improving the design and implementation of GITCs and process-level controls[511](index=511&type=chunk) - The independent auditor, KPMG LLP, issued an adverse report on the operating effectiveness of the company's internal control over financial reporting[510](index=510&type=chunk) [Other Information](index=97&type=section&id=Item%209B.%20Other%20Information) No directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during Q4 2023 - No directors or officers adopted or terminated a Rule 10b5-1 or non-Rule 10b5-1 trading arrangement during the three months ended December 31, 2023[514](index=514&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=98&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable Part III [Directors, Executive Officers and Corporate Governance](index=170&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) Information required for this item is incorporated by reference from the company's definitive proxy statement for its 2024 Annual General Meeting of Shareholders - Information is incorporated by reference to the definitive proxy statement for the 2024 Annual General Meeting of Shareholders[847](index=847&type=chunk) [Executive Compensation](index=170&type=section&id=Item%2011.%20Executive%20Compensation) Information required for this item is incorporated by reference from the company's definitive proxy statement for its 2024 Annual General Meeting of Shareholders - Information is incorporated by reference to the definitive proxy statement for the 2024 Annual General Meeting of Shareholders[847](index=847&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters](index=170&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Shareholder%20Matters) Information required for this item is incorporated by reference from the company's definitive proxy statement for its 2024 Annual General Meeting of Shareholders - Information is incorporated by reference to the definitive proxy statement for the 2024 Annual General Meeting of Shareholders[849](index=849&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=170&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) Information required for this item is incorporated by reference from the company's definitive proxy statement for its 2024 Annual General Meeting of Shareholders - Information is incorporated by reference to the definitive proxy statement for the 2024 Annual General Meeting of Shareholders[849](index=849&type=chunk) [Principal Accountant Fees and Services](index=170&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Information on principal accountant fees and services is incorporated by reference from the 2024 proxy statement, with KPMG LLP serving as the independent auditor - Information is incorporated by reference to the definitive proxy statement for the 2024 Annual General Meeting of Shareholders[847](index=847&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=171&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the financial statements and exhibits filed with the report, noting the omission of schedules where information is not applicable or included elsewhere - The financial statements required under this item are included in the report[851](index=851&type=chunk) - All financial statement schedules have been omitted because the required information is not applicable, not present in sufficient amounts, or is included in the consolidated financial statements and notes[852](index=852&type=chunk) - A detailed list of exhibits filed with the Form 10-K is provided, including corporate governance documents, material contracts, and certifications[853](index=853&type=chunk) [Form 10-K Summary](index=174&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company has not provided a summary for Form 10-K - None

Subscriber Growth - Liberty Latin America added 186,000 organic broadband and postpaid mobile subscribers in 2023[1] - Liberty Costa Rica and C&W Caribbean saw strong subscriber growth, with 105,000 postpaid mobile subscribers added, primarily in these regions[2] - Liberty Puerto Rico achieved 23,000 broadband net adds over the last twelve months, with over 800,000 mobile subscribers migrated to the LPR platform[5] - The total organic change in subscriber relationships was an increase of 39,200, with significant contributions from Liberty Costa Rica[23] - Total mobile subscribers reached 7,977,400, with prepaid mobile subscribers including 10,300 mobile reseller subscribers[45] Financial Performance - Adjusted OIBDA rebased growth for FY 2023 was 6%, totaling $1.7 billion[1] - Cash provided by operating activities reached $897 million, with Adjusted FCF before distributions to noncontrolling interests at $273 million, a 43% increase year-over-year[2] - Total revenue for FY 2023 declined by 6% to $4.51 billion, impacted by the deconsolidation of VTR and organic declines in Liberty Puerto Rico[11] - Revenue for Q4 2023 was $660.6 million, a decrease of 1% compared to $669.3 million in Q4 2022[34] - Operating income for Q4 2023 was $64.7 million, down 16% from $77.1 million in Q4 2022[34] - Adjusted OIBDA for Q4 2023 increased by 5% to $288.2 million, compared to $275.0 million in Q4 2022[34] - For the year ended December 31, 2023, revenue was $2,543.2 million, representing a 4% increase from $2,448.6 million in 2022[34] Revenue Growth and Declines - C&W Panama reported a 16% revenue growth and a 21% increase in Adjusted OIBDA for FY 2023[5] - B2B revenue decreased by 6% on both reported and rebased basis, with a $10 million negative impact from the discontinuation of a non-core transit services agreement at C&W Jamaica[5] - Liberty Costa Rica experienced a significant revenue growth of 28% on a reported basis, aided by an $18 million positive foreign exchange impact[5] - Liberty Puerto Rico's revenue for Q4 2023 was $353.5 million, a decrease of 5% from $372.2 million in Q4 2022[38] - Liberty Costa Rica's revenue for Q4 2023 was CRC 79.2 billion, an increase of 11% from CRC 71.1 billion in Q4 2022[41] Capital Expenditures and Investments - Capital expenditures for the year ended December 31, 2023, totaled $585 million, down from $660.1 million in 2022[19] - The company is focused on expanding its network capacity and enhancing service offerings to drive operational efficiency[61] - New strategies include ongoing investments in infrastructure to support product innovation and market expansion[61] Debt and Financial Ratios - Total consolidated debt and finance lease obligations amounted to $8,242.2 million as of December 31, 2023, with cash and cash equivalents at $996.6 million[20] - The consolidated debt to operating income ratio increased to 15.0x from 13.4x in the previous quarter, while the net debt to operating income ratio rose to 13.2x from 12.4x[20] - The company has an unused borrowing capacity of $869.0 million as of December 31, 2023, down from $887.0 million in the previous quarter[20] - The consolidated leverage ratio as of December 31, 2023, was 4.8x, while the consolidated net leverage ratio was 4.2x[88] Adjusted OIBDA and Operating Income - Adjusted OIBDA for the three months ended December 31, 2023, increased by 7% compared to the prior year, driven by organic growth in C&W Caribbean, Liberty Costa Rica, and C&W Panama[16] - Adjusted OIBDA for Q4 2023 was $431.9 million, up from $402.6 million in Q4 2022, representing a margin increase to 37.1% from 34.7%[68] - Operating income for the year ended December 31, 2023, was $517.7 million, compared to $86.5 million in 2022, with an operating income margin of 11.5%[68] Forward-Looking Statements - The company anticipates a mid to high single-digit Adjusted OIBDA rebased CAGR and over $1 billion in aggregate Adjusted FCF before distributions to noncontrolling interests over the next three years[2] - Forward-looking statements indicate expectations for subscriber growth and integration plans following the AT&T acquisition, with potential risks including competition and regulatory changes[28]

Liberty Latin America Ltd. (NASDAQ:LILA) Q3 2023 Earnings Conference Call November 10, 2023 8:30 AM ET Company Participants Matt Read - Treasurer Balan Nair - President and Chief Executive Officer Christopher Noyes - Chief Financial Officer Conference Call Participants Michael Rollins - Citigroup Vitor Tomita - Goldman Sachs Cesar Medina - Morgan Stanley Soomit Datta - New Street Research Matthew Harrigan - Benchmark Operator Good morning, ladies and gentlemen, and thank you for standing by. Today's call is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 2 Church Street, Hamilton H ...

Liberty Latin America Ltd. (NASDAQ:LILA) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Stephen Price - Vice President & General Manager Balan Nair - President, Chief Executive Officer & Director Christopher Noyes - Senior Vice President & Chief Financial Officer Naji Khoury - Managing Director, Liberty Communications of Puerto Rico LLC Conference Call Participants Vitor Tomita - Goldman Sachs Soomit Datta - New Street Research Andres Coello - Scotiabank Matthew Harrigan - T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) Bermuda 98-1386359 2 Church Street, Hamilton HM 11 ...