Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 8

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 8
---
.S. GAAP measure. Adjusted OIBDA is the primary measure used by our CODM, our Chief Executive Officer, to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii) 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 (loss), the nearest U.S. GAAP measure, to Adjusted OIBDA on a consolidated basis, is presented below. 

 Three months ended September 30,Nine months ended September 30, 2025202420252024 in millionsOperating income (loss)$187.5 $(379.6)$(17.4)$(176.0)Share-based compensation and other Employee Incentive Plan-related expense15.0 15.9 62.3 58.9 Depreciation and amortization213.6 245.4 659.9 729.9 Impairment, restructuring and other operating items, net17.3 521.4 550.2 553.6 Consolidated Adjusted OIBDA$433.4 $403.1 $1,255.0 $1,166.4 

The following tables set forth the organic and non-organic changes in Adjusted OIBDA during the three and nine months ended September 30, 2025, as compared to the corresponding periods in 2024:

Liberty CaribbeanC&W PanamaLiberty NetworksLiberty Puerto RicoLiberty Costa RicaCorporateIntersegment eliminationsConsolidated in millionsAdjusted OIBDA for the three months ending:September