Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 158

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 158
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 and 2022

The aggregate changes in our allowance for expected credit losses associated with our trade receivables, and current and long-term notes receivables are set forth below:Year ended December 31,202420232022in millionsBeginning balance$91.6 $101.1 $112.6 Provision for expected losses, net123.3 71.5 78.4 Write-offs, net of recoveries(75.8)(84.0)(79.1)Foreign currency translation adjustments and other(0.3)3.0 (10.8)Ending balance$138.8 $91.6 $101.1 InvestmentsFrom time to time, we may hold investments in (i) equity method investments; (ii) cost method investments, and (iii) available-for-sale method investments.We apply the equity method to investments when we have the ability to exercise significant influence over the operating and financial policies of the investee. Under the equity method, investments are originally recorded at cost and are adjusted to recognize our share of net earnings or losses of the affiliates as they occur with our recognition of losses generally limited to the extent of our investment in, and advances and commitments to, the investee. Our share of the investee’s net earnings or losses is included in other income or expense, net, in our consolidated statements of operations.We continually review our equity method investments, available-for-sale debt securities and cost-basis investments to determine whether a decline in fair value below the cost basis is other-than-temporary. If it has been determined that an investment has sustained an other-than-temporary decline in value, we estimate the fair value and record an impairment charge if the carrying value of the investment exceeds its estimated fair value. Any impairment charges are recorded in other income or expense, net, in our consolidated statements of operations. For additional information regarding our fair value measurements, see note 4.WOWDuring February 2021, we acquired a minority interest in WOW, primarily a broadband internet service provider in Peru, in which we have continued to make investments through December 31, 2024. We account for our investment in WOW as an equity method investment. As of December 31, 2024 and 2023, our investment in WOW, including shares and certain loans, totaled $87 million and $45 million, respectively, which represents equity ownership percentages of just under 50% at each date. Our share of WOW losses for the years ended December