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Liberty Latin America(LILAK) - 2021 Q1 - Quarterly Report
2021-05-05 20:18
Financial Performance - Consolidated Adjusted OIBDA for the three months ended March 31, 2021, was $449.3 million, an increase from $363.9 million in the same period of 2020 [175]. - Operating income for the three months ended March 31, 2021, was $178.2 million, compared to $107.8 million in the same period of 2020 [177]. - Total revenue for the three months ended March 31, 2021, was $1,159.9 million, up from $931.0 million in 2020, representing a 25% increase [185]. - Liberty Puerto Rico's revenue surged to $361.3 million in Q1 2021, a significant increase of 245% compared to $104.6 million in Q1 2020 [185]. - C&W Caribbean and Networks experienced a revenue decline of $22.2 million, or 5%, from $452.0 million in Q1 2020 to $429.8 million in Q1 2021 [185]. - Adjusted OIBDA for the three months ending March 31, 2021, was $449.3 million, an increase from $363.9 million in the same period of 2020, reflecting a growth of 23.5% [178]. - Net earnings for the three months ended March 31, 2021, were $89.4 million, a significant recovery from a net loss of $184.6 million in the same period of 2020 [251]. Subscriber Metrics - As of March 31, 2021, the company served 6,262,300 RGUs, including 2,797,900 broadband internet subscribers, 1,957,100 video subscribers, and 1,507,300 fixed-line telephony subscribers [159]. - The company serves 4,506,200 mobile subscribers as of March 31, 2021 [159]. - The average number of RGUs increased by $7.8 million, while ARPU decreased by $6.1 million in the residential fixed subscription revenue segment [189]. Acquisitions and Impact - The company completed the acquisition of AT&T's wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands in October 2020, impacting operational results [171]. - The company entered into an agreement to acquire Telefónica S.A.'s wireless operations in Costa Rica for an enterprise value of $500 million, expected to close in mid-2021 [166]. - The impact of acquisitions contributed an increase of $242 million to consolidated revenue for the three months ended March 31, 2021 [187]. - Liberty Puerto Rico's residential mobile service revenue was $117.4 million for the three months ended March 31, 2021, reflecting a significant increase due to the acquisition impact [193]. Revenue Changes by Segment - C&W Panama's revenue decreased by $16.3 million, or 12%, from $138.3 million in Q1 2020 to $122.0 million in Q1 2021 [185]. - The total B2B revenue for C&W Caribbean and Networks decreased by $9.9 million, or 4%, from $228.4 million in Q1 2020 to $218.5 million in Q1 2021 [188]. - Liberty Puerto Rico's total revenue increased by $256.7 million, or 245%, to $361.3 million for the three months ended March 31, 2021, compared to $104.6 million in 2020, driven by significant growth in residential mobile revenue [192]. - VTR's total revenue increased by $3.9 million, or 2%, to $210.3 million for the three months ended March 31, 2021, compared to $206.4 million in 2020, despite a decrease in residential mobile revenue [197]. - Cabletica's total revenue increased by $2.5 million, or 7%, to $36.2 million for the three months ended March 31, 2021, compared to $33.7 million in 2020, supported by growth in broadband internet and fixed-line telephony [200]. Cost and Expense Analysis - Programming and copyright costs for the C&W Caribbean and Networks segment increased to $111.8 million in Q1 2021 from $100.6 million in Q1 2020, reflecting an increase of 11.2% [204]. - Total programming and other direct costs for the C&W Caribbean and Networks segment rose to $280.2 million in Q1 2021, up from $210.8 million in Q1 2020, marking a 32.8% increase [204]. - Other operating costs and expenses totaled $453.4 million in Q1 2021, up from $380.1 million in Q1 2020, representing a 19.2% increase [217]. - Personnel and contract labor costs increased to $138.4 million in Q1 2021 from $124.5 million in Q1 2020, reflecting an increase of 11.5% [217]. - Total programming and other direct costs for Liberty Puerto Rico rose to $102.2 million in Q1 2021, compared to $78.1 million in Q1 2020, reflecting a 30.8% increase [209]. Debt and Financing - The outstanding principal amount of debt and finance lease obligations was $8,939 million as of March 31, 2021, with $163 million classified as current [263]. - Interest expense decreased by $17 million in Q1 2021 compared to Q1 2020, attributed to lower weighted-average interest rates and higher average outstanding debt balances [238]. - The company expects to maintain significant levels of interest expense due to its strategy of keeping debt at levels that provide attractive equity returns [252]. - The company reported $306.2 million in projected cash interest payments on debt and finance lease obligations for future periods [275]. Cash Flow and Capital Expenditures - Net cash provided by operating activities increased to $203.5 million for the three months ended March 31, 2021, up from $114.9 million in the same period of 2020, reflecting an increase of $88.6 million [266]. - Capital expenditures for the three months ended March 31, 2021, were $135.6 million, down from $149.2 million in the same period of 2020, representing a decrease of 9.5% [269]. - Adjusted free cash flow for Q1 2021 was $57.7 million, compared to a negative $48.5 million in Q1 2020, with net cash provided by operating activities increasing from $114.9 million to $203.5 million [273]. Foreign Currency and Other Financial Metrics - The average FX rate for the U.S. dollar per Chilean peso depreciated by 10% for the three months ended March 31, 2021, compared to the same period in 2020 [172]. - Foreign currency transaction losses decreased from $164.3 million in Q1 2020 to $25.4 million in Q1 2021, indicating improved currency management [243]. - The total realized and unrealized gains on derivative instruments increased significantly from $17.4 million in Q1 2020 to $114.9 million in Q1 2021 [241].
Liberty Latin America(LILAK) - 2020 Q4 - Annual Report
2021-03-01 11:50
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 For the transition period from to Commission file number 001-38335 Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 2 Church Street, (Address of Principal Executive O ...
Liberty Latin America(LILAK) - 2020 Q3 - Quarterly Report
2020-11-04 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q Liberty Latin America Ltd. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 2 Church Street, OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Liberty Latin America(LILAK) - 2020 Q2 - Quarterly Report
2020-08-05 20:32
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, 2020 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) (State or Other Jurisdiction of Incorporation or Or ...
Liberty Latin America(LILAK) - 2020 Q1 - Quarterly Report
2020-05-05 20:19
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, 2020 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) (State or Other Jurisdiction of Incorporation or O ...
Liberty Latin America(LILAK) - 2019 Q4 - Annual Report
2020-02-19 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ 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) (State or Other Jurisdiction of Incorporation or Organizati ...
Liberty Latin America(LILAK) - 2019 Q3 - Quarterly Report
2019-11-05 21:33
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, 2019 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) (State or Other Jurisdiction of Incorporation ...
Liberty Latin America(LILAK) - 2019 Q2 - Quarterly Report
2019-08-06 20:33
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, 2019 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(LILAK) - 2019 Q1 - Quarterly Report
2019-05-07 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 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) (State or Other Jurisdiction of Incorporation or O ...
Liberty Latin America(LILAK) - 2018 Q4 - Annual Report
2019-02-21 00:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 ¨ 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 ...