Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 34

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 34
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General. Our cash flows are subject to variations due to FX. For further information, see related discussion under Item 7A. Quantitative and Qualitative Disclosures about Market Risk—Foreign Currency Risk below.

Summary. Our 2024 and 2023 consolidated statements of cash flows are summarized as follows:

 Year ended December 31, 20242023Change in millionsNet cash provided by operating activities$756.3 $897.0 $(140.7)Net cash used by investing activities(688.5)(615.8)(72.7)Net cash used by financing activities(386.4)(62.4)(324.0)Effect of exchange rate changes on cash, cash equivalents and restricted cash(10.9)(7.9)(3.0)Net increase (decrease) in cash, cash equivalents and restricted cash $(329.5)$210.9 $(540.4)

Operating Activities. The decrease in cash provided by operating activities is primarily due to the net effect of (i) declines associated with lower Adjusted OIBDA, and higher payments for interest and taxes, (ii) an increase resulting from higher net receipts associated with derivative instruments, and (iii) a net increase from other working capital-related items. Additionally, our cash provided by operating activities was positively impacted by the receipt of $44 million pursuant to coverage under our Weather Derivatives in connection with Hurricane Beryl.

II-25

Investing Activities. The cash used by investing activities during the years ended December 31, 2024 and 2023 primarily relates to (i) capital expenditures, as further discussed below, and (ii) the purchase of additional investments. Cash used during 2024 also includes the first installment payment for the LPR Acquisition, as further described in note 5 to our consolidated financial statements.  

The capital expenditures, net, that we report in our consolidated statements of cash flows, which relates to cash paid for property and equipment, does not include amounts that are financed under capital-related vendor financing or finance lease arrangements. Instead, these amounts are reflected as non-cash additions to our property and equipment when the underlying assets are delivered and as repayments of debt when the principal is repaid. In this discussion, we refer to (i) our capital expenditures, net, as reported in our consolidated statements of cash flows, and (ii) our total property and equipment additions, which include our capital expenditures, net, on an accrual basis and amounts financed