Company: LILA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001712184-25-000094
Chunk: 7

Company: Liberty Latin America Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 7
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) identify strategies to improve operating performance in the different countries in which we operate. We believe our Adjusted OIBDA measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measures may not be directly comparable to similar measures used by other public companies. Adjusted OIBDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for, operating income or loss, net earnings or loss and other U.S. GAAP measures of income or loss.

A reconciliation of total operating income, the nearest U.S. GAAP measure, to Adjusted OIBDA on a consolidated basis, is presented below. 

 Three months ended March 31, 20252024 in millionsOperating income$128.1 $92.8 Share-based compensation and other Employee Incentive Plan-related expense34.0 27.0 Depreciation and amortization228.8 247.8 Impairment, restructuring and other operating items, net15.7 6.6 Consolidated Adjusted OIBDA$406.6 $374.2 

The following table sets forth the organic and non-organic changes in Adjusted OIBDA during the three months ended March 31, 2025, as compared to the corresponding period in 2024:

C&W CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment eliminationsConsolidated in millionsAdjusted OIBDA for the three months ending:March 31, 2024$150.6 $56.8 $59.2 $69.1 $58.3 $(19.8)$— $374.2 Organic changes related to:Revenue1.1 7.8 3.3 (38.3)3.1 (1.2)(1.2)(25.4)Programming and other direct costs3.7 (2.5)(1.5)15.9 (1.8)— 0.6 14.4 Other operating costs and expenses18.7 2.5 (2.9)34.2 (1.7)(8.6)0.6 42.8 Non-organic changes related to:FX(0.8)— (0.2)— 1.0