Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 32

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 32
---
 changes in other operating costs and expenses for our corporate operations.

 Three months ended September 30,Increase (decrease) 20252024 in millionsPersonnel and contract labor$14.4 $13.1 $1.3 Service-related10.7 6.5 4.2 Facility, provision, franchise and other6.4 6.5 (0.1)Share-based compensation and other Employee Incentive Plan-related expense7.8 8.8 (1.0)Total other operating costs and expenses$39.3 $34.9 $4.4 

65

 Nine months ended September 30,Increase (decrease) 20252024 in millionsPersonnel and contract labor$49.6 $39.4 $10.2 Service-related29.9 16.8 13.1 Facility, provision, franchise and other18.5 21.0 (2.5)Share-based compensation and other Employee Incentive Plan-related expense38.7 32.3 6.4 Total other operating costs and expenses$136.7 $109.5 $27.2 

•Personnel and contract labor: The increases are primarily due to (i) higher bonus-related expense, (ii) higher headcount and (iii) lower capitalized labor.

•Service-related: The increases are primarily due to the higher professional services costs.

Results of Operations (below Adjusted OIBDA)

Depreciation and amortization

Our depreciation and amortization expense decreased $32 million or 13% and $70 million or 10% during the three and nine months ended September 30, 2025, as compared to the corresponding periods in 2024. The decreases are primarily due to (i) certain assets becoming fully depreciated, mainly in Liberty Caribbean and C&W Panama, (ii) reduction to depreciation expense at Liberty Puerto Rico associated with the sale of research and development tax credits generated on depreciated assets and (iii) customer relationship assets becoming fully amortized in C&W Panama and Liberty Caribbean.

Impairment, restructuring and other operating items, net 

The details of our impairment, restructuring and other operating items, net, are as follows:

 Three months ended September 30,Nine months ended September 30, 2025202420252024 in millionsImpairment charges (a)$1.9