Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 186

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 186
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 borrowings of debt in our consolidated statement of cash flows. 

II-71

Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

(h)Primarily represents amounts owed pursuant to interest-bearing vendor financing arrangements that are used to finance certain of our operating expenses and property and equipment additions. These obligations are generally due within one year, other than for certain licensing arrangements that are generally due over the term of the related license, and include VAT that were paid on our behalf by the vendor. Changes in our vendor financing obligations are set forth below:Year ended December 31,20242023in millionsBalance at beginning of period$299.1 $217.0 Operating expenses financed by an intermediary (i)198.8 176.9 Assets acquired under capital-related vendor financing arrangements (ii)154.9 143.8 Principal payments on vendor financing obligations (iii)(324.5)(239.0)Foreign currency translation adjustments and other(0.6)0.4 Balance at end of period$327.7 $299.1 Current portion$324.7 $292.0 Non-current portion$3.0 $7.1 (i)Our operating expenses include $199 million, $177 million  and $149 million for 2024, 2023 and 2022, respectively, that were financed by an intermediary and are reflected on the borrowing date as a cash outflow within net cash provided or used by operating activities and a cash inflow within net cash provided or used by financing activities in our consolidated statements of cash flows. (ii)Amounts are reflected on the borrowing date as a non-cash increase to property and equipment additions. For additional information, see notes 8 and 18.(iii)Repayments of vendor financing obligations are included in payments of principal amounts of debt and finance lease obligations in our consolidated statements of cash flows.General InformationAt December 31, 2024, all of our outstanding debt had been incurred by one of our three primary “borrowing groups”: C&W, Liberty Puerto Rico and Liberty Costa Rica. Unless stated otherwise, all of our borrowings are denominated in U.S. dollars.Credit Facilities. Each of our borrowing groups has entered into one or more credit facility agreements with certain financial institutions. Each of these credit facilities contain certain covenants, the more notable of which are as follows:•