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

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 25
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 higher sales commissions resulting from an increase in sales volume, (ii) lower marketing expenses, and (iii) higher call center and customer care-related costs. 

•Facility, provision, franchise and other: The organic increase is primarily due to (i) increases in bad debt expense, mainly associated with installment receivables on equipment sales, and (ii) higher operating lease expense associated with an increase in tower leases. 

Corporate. The following table sets forth the changes in other operating costs and expenses for our corporate operations.

 Year ended December 31,Increase (decrease) 20242023 in millionsPersonnel and contract labor$56.6 $41.4 $15.2 Service-related25.0 23.2 1.8 Facility, provision, franchise and other27.8 32.4 (4.6)Share-based compensation and other Employee Incentive Plan-related expense46.0 58.0 (12.0)Total other operating costs and expenses$155.4 $155.0 $0.4 

•Personnel and contract labor: The increase is primarily due to (i) higher bonus-related expense and (ii) lower capitalized labor.

•Service-related: The increase is primarily due to the net effect of higher professional services costs and other insignificant changes across other service-related cost categories.

•Facility, provision, franchise and other: The decrease is primarily due to insurance costs recognized during 2023 associated with (i) cable breaks that occurred during the first quarter of 2023 and (ii) business interruption claims submitted by our Liberty Puerto Rico business during the second quarter of 2023.

II-19

Results of operations (below Adjusted OIBDA)

Share-based compensation and other Employee Incentive Plan-related expense (included in other operating costs and expenses)

Share-based compensation and other Employee Incentive Plan-related expense remained relatively flat during 2024, as compared to 2023. 

For additional information regarding our share-based compensation and other Employee Incentive Plan-related expense, see note 13 to our consolidated financial statements.

Depreciation and amortization 

Our depreciation and amortization expense decreased $40 million or 4% during 2024, as compared to 2023, primarily due to the net effect of (i) a decrease associated with customer relationship assets becoming fully amortized in C&W Panama, (ii) a decrease associated with certain assets becoming fully depreciated and