Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 42

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 42
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 primarily relates to capital expenditures, net, as further discussed below. 

The capital expenditures, net, that we report in our condensed consolidated statements of cash flows, which relates to cash paid for property and equipment, do not include amounts that are financed under capital-related vendor financing or finance lease arrangements. Instead, these amounts are reflected as non-cash additions to our property and equipment when the underlying assets are delivered and as repayments of debt when the principal is repaid. In this discussion, we refer to (i) our capital expenditures, net, as reported in our condensed consolidated statements of cash flows, and (ii) our total property and equipment additions, which include our capital expenditures, net, on an accrual basis and amounts financed under capital-related vendor financing or finance lease arrangements. 

A reconciliation of our property and equipment additions to our capital expenditures, net, as reported in our condensed consolidated statements of cash flows, is set forth below:

Nine months ended September 30,20252024in millionsProperty and equipment additions$419.8 $485.2 Assets acquired under capital-related vendor financing arrangements(88.9)(117.5)Changes in current liabilities related to capital expenditures and other27.3 9.0 Capital expenditures, net$358.2 $376.7 

The decrease in our property and equipment additions during the nine months ended September 30, 2025, as compared to the corresponding period in 2024, is primarily due to decreases in new build and upgrade and in products and enablers. During the nine months ended September 30, 2025 and 2024, our property and equipment additions represented 12.8% and 14.7% of revenue, respectively.

Financing Activities. During the nine months ended September 30, 2025, we generated $53 million in cash from financing activities, primarily due to (i) $116 million in net debt borrowings, (ii) $48 million in payments for financing costs and debt redemption premiums, (iii) $29 million in distributions to a noncontrolling interest owner in C&W Bahamas and (iv) 19 million in net cash received related to derivative instruments. During the nine months ended September 30, 2024, we used $234 million in cash for financing activities, primarily due to (i) $151 million in net debt repayments, (ii) $83 million in cash outflows associated with the repurchase of Liberty Latin America