Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 176

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 176
---
6 $59.6 (a)Our long-term derivative assets and long-term derivative liabilities are included in other assets, net, and other long-term liabilities, respectively, in our consolidated balance sheets.(b)We consider credit risk relating to our nonperformance and the nonperformance of our counterparties in the fair value assessment of our derivative instruments. In all cases, the adjustments take into account offsetting liability or asset positions within each of our primary borrowing groups (see note 10) and are recorded in realized and unrealized gains or losses on derivative instruments, net, in our consolidated statements of operations. For further information regarding our fair value measurements, see note 4.The derivative assets set forth in the table above exclude our Weather Derivatives, as they are not accounted for at fair value. The premium payments associated with our Weather Derivatives are included in other current assets, net, in our consolidated balance sheets.In July 2024, Hurricane Beryl impacted our Jamaica operations and certain smaller operations within C&W Caribbean, resulting in varying degrees of damage to homes, businesses and infrastructures in these markets. Hurricane Beryl triggered a payment pursuant to coverage under our Weather Derivatives that resulted in net proceeds of $44 million during the third quarter of 2024. The payment is reflected as a derivative gain in our consolidated statement of operations and a cash inflow related to operating activities in our consolidated statement of cash flows.The details of our realized and unrealized gains (losses) on derivative instruments, net, are as follows:Year ended December 31, 202420232022 in millionsInterest rate and cross-currency derivative contracts$76.7 $27.3 $404.3 Foreign currency forward contracts and other(7.6)(30.6)(13.5)Weather Derivatives13.0 (30.9)(31.4)Total$82.1 $(34.2)$359.4 

II-63

Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

The following table sets forth the classification of the net cash inflows of our derivative instruments: Year ended December 31, 202420232022 in millionsOperating activities$94.2 $35.6 $(20.5)Investing activities(1.3)— (7.4)Financing activities43.2 9.8