Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 23

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 2
Chunk 23
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 Liberty Global to its employees and employees of its subsidiaries. A summary of our aggregate share-based compensation expense is set forth below: 

 Three months endedJune 30,Six months endedJune 30, 2025202420252024 in millionsLiberty Global (a):Non-performance based incentive awards$21.3 $27.8 $43.1 $56.1 Performance based incentive awards15.4 4.9 20.9 7.0 Other (b)8.8 7.4 14.9 14.8 Total Liberty Global45.5 40.1 78.9 77.9 Other3.9 3.3 3.9 4.5 Total$49.4 $43.4 $82.8 $82.4 Included in:Other operating expense$3.5 $4.8 $6.4 $9.4 SG&A expense45.9 38.6 76.4 73.0 Total$49.4 $43.4 $82.8 $82.4 

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(a)Amounts include share-based compensation expense related to certain Telenet Replacement Awards.

(b)Represents annual incentive compensation and defined contribution plan liabilities that have been or are expected to be settled with Liberty Global common shares. In the case of annual incentive compensation, shares have been or will be issued to senior management and key employees pursuant to a shareholding incentive program. The shareholding incentive program allows these employees to elect to receive up to 100% of their annual incentive compensation in common shares of Liberty Global in lieu of cash.

For additional information regarding our share-based compensation expense, see note 13 to our condensed consolidated financial statements.

Depreciation and amortization expense 

Our depreciation and amortization expense was $250.8 million and $483.0 million for the three and six months ended June 30, 2025, respectively, and $282.7 million and $505.4 million for the three and six months ended June 30, 2024, respectively. Excluding the effects of FX, depreciation and amortization expense decreased $44.3 million or 15.7% and $28.3 million or 5.6% during the three and six months ended June 30, 2025, respectively, as compared to the corresponding periods in 2024