Company: LILA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001712184-25-000137
Chunk: 40

Company: Liberty Latin America Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 40
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 financing activities(32.2)(280.5)248.3 Effect of exchange rate changes on cash, cash equivalents and restricted cash(26.2)(2.6)(23.6)Net decrease in cash, cash equivalents and restricted cash$(139.5)$(385.3)$245.8 

Operating Activities. The decrease in cash provided by operating activities is primarily due to the net effect of (i) a decrease associated with other working capital-related items, including the impact of higher trade payable payments, (ii) an increase in Adjusted OIBDA, (iii) a decrease resulting from lower net receipts associated with derivative instruments and (iv) an increase associated with lower payments for interest.

Investing Activities. The cash used by investing activities during the six months ended June 30, 2025 and 2024 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:

Six months ended June 30,20252024in millionsProperty and equipment additions$270.5 $314.5 Assets acquired under capital-related vendor financing arrangements(55.4)(72.1)Changes in current liabilities related to capital expenditures and other20.9 7.8 Capital expenditures, net$236.0 $250.2 

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The decrease in our property and equipment additions during the six months ended June 30, 2025, as compared to the corresponding period in 2024, is primarily due to decreases in new build and upgrade and CPE additions. During the six months ended June 30, 2025 and 2024, our property and equipment additions represented 12