Company: LILA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001712184-25-000094
Chunk: 30

Company: Liberty Latin America Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 30
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, 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:

Three months ended March 31,20252024in millionsProperty and equipment additions$120.3 $134.9 Assets acquired under capital-related vendor financing arrangements(37.6)(34.0)Changes in current liabilities related to capital expenditures and other14.0 8.8 Capital expenditures, net$96.7 $109.7 

The decrease in our property and equipment additions during the three months ended March 31, 2025, as compared to the corresponding period in 2024, is primarily due to decreases in new build and upgrade and baseline-related additions. During the three months ended March 31, 2025 and 2024, our property and equipment additions represented 11.1% and 12.3% of revenue, respectively.

Financing Activities. During the three months ended March 31, 2025, we received $3 million in cash from financing activities, primarily due to (i) $62 million in net debt borrowings, (ii) $24 million in payments for financing costs and debt redemption premiums, and (iii) $29 million in distributions to a noncontrolling interest owner in C&W Bahamas. During the three months ended March 31, 2024, we used $226 million in cash for financing activities, primarily due to (i) $165 million in net debt repayments, and (ii) $56 million in cash outflows associated with the repurchase of Liberty Latin America common shares.

Off Balance Sheet Arrangements

In the ordinary course of business, we may provide (i) indemnifications to our lenders, our vendors and certain other parties and (ii) performance and/or financial guarantees to local municipalities,