Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 33

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 33
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$511.5 $502.7 $520.0 Restructuring charges (b)15.6 12.2 42.3 27.0 Other operating items, net (c)(0.2)(2.3)5.2 6.6 Total$17.3 $521.4 $550.2 $553.6 

(a)The nine months ended September 30, 2025 amount includes an impairment of $494 million on spectrum license intangible assets in Liberty Puerto Rico. The nine months ended September 30, 2024 amounts primarily relate to the impairment of the goodwill balance at Liberty Puerto Rico. For additional information regarding this impairment, see notes 3 and 7 to our condensed consolidated financial statements. 

(b)Amounts primarily include employee severance and termination costs related to reorganization activities, mainly at (i) C&W Panama, Corporate operations and Liberty Puerto Rico for the 2025 periods, and (ii) C&W Panama for the 2024 periods.

(c)Amounts primarily include direct acquisition costs and gains on asset dispositions.

Interest expense

Our interest expense increased $5 million and $17 million during the three and nine months ended September 30, 2025, respectively, as compared to the corresponding periods in 2024. The increases are primarily attributable to (i) increases in our average debt balances and weighted-average interest rates and (ii) the accretion of the net present value discount associated with our deferred payment obligation for the LPR Acquisition. 

For additional information regarding our outstanding indebtedness, see note 10 to our condensed consolidated financial statements.

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It is possible that the interest rates on (i) any new borrowings could be higher than the current interest rates on our existing indebtedness and (ii) our variable-rate indebtedness could increase in future periods. As further discussed in note 6 to our condensed consolidated financial statements, we use derivative instruments to manage our interest rate risks.

Realized and unrealized gains or losses on derivative instruments, net

Our realized and unrealized gains or losses on derivative instruments primarily include (i) unrealized changes in the fair values of our derivative instruments that are non-cash in nature until such time as the derivative contracts are fully or partially settled and (ii) realized gains or losses upon the full or partial settlement of the derivative contracts. The details of our realized and unrealized gains (losses) on derivative instruments, net,