Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 153

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 153
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 Basis of Presentation

See the Glossary of defined terms at the beginning of this Annual Report on Form 10-K for terms used throughout the consolidated financial statements.GeneralLiberty Latin America Ltd. is a registered company in Bermuda that primarily includes: (i) C&W; (ii) Liberty Communications PR; (iii) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiaries, which include Liberty Servicios and Liberty Telecomunicaciones; and (iv) prior to the closing of the formation of the Chile JV in October 2022, VTR, as further described below. C&W owns less than 100% of certain of its consolidated subsidiaries, including C&W Bahamas, C&W Jamaica and CWP. We are an international provider of fixed, mobile and subsea telecommunications services. We provide:A.residential and B2B services in:i.over 20 countries across Latin America and the Caribbean through two of our reportable segments, C&W Caribbean and C&W Panama;ii.Puerto Rico and USVI, through our reportable segment Liberty Puerto Rico; andiii.Costa Rica, through our reportable segment Liberty Costa Rica. B.through our reportable segment Liberty Networks, (i) enterprise services in certain other countries in Latin America and the Caribbean and (ii) wholesale services over our subsea and terrestrial fiber optic cable networks that connect over 30 markets in that region. The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP.

We formed the Chile JV in October of 2022, which we accounted for as an equity method investment. Prior to the formation of the Chile JV, VTR was a wholly owned subsidiary, meaning our consolidated statements of operations and cash flows through September 2022 include VTR through the closing of the formation of the Chile JV. As further described in note 6, beginning in November 2024, we began to account for our investment in the Chile JV as a cost method investment.   

(2)    Accounting Changes and Recent Accounting Pronouncements

Accounting ChangesASU 2022-04In September 2022, the FASB issued ASU No. 2022-04, Liabilities—Supplier Finance Programs (ASU 2022-04), which requires, among other things, a rollforward of the obligations for the period. The rollforward disclosure requirement became effective with this Annual Report on Form 10-K. Disclosures surrounding our supplier finance programs are included in note