Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 101

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 101
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 in millions  |         |     |      |          |     |   |         |
| Distribution systems                  |     | 4 to 30 years                                         |     |      |          |     | €            | 6,299.8 |     |      |          |     | € | 6,149.8 |
| Support equipment, buildings and land |     | 3 to 40 years                                         |     |      |          |     |              | 1,111.1 |     |      |          |     |   | 1,072.3 |
| Customer premises equipment (CPE)     |     | 3 to 5 years                                          |     |      |          |     |              |   994.1 |     |      |          |     |   | 1,023.9 |
|                                       |     |                                                       |     |      |          |     |              | 8,405.0 |     |      |          |     |   | 8,246.0 |
| Accumulated depreciation              |     |                                                       |     |      | -3,727.6 |     |              |         |     |      | -3,485.6 |     |   |         |
| Total property and equipment, net     |     |                                                       |     | €    |  4,677.4 |     |              |         |     | €    |  4,760.4 |     |   |         |

Depreciation expense related to our property and equipment was €944.8 million, €920.8 million and €906.4 million during 2024, 2023 and 2022, respectively.

During 2024, 2023 and 2022, we recorded non-cash increases to our property and equipment related to vendor financing arrangements of €380.4 million, €374.0 million and €462.8 million, respectively, which exclude related VAT of €40.2 million, €45.7 million and €51.4 million, respectively, that were also financed under these arrangements.

Certain of our property and equipment is subject to a security right granted under our various debt instruments. For additional information, see note 8.

During 2024, 2023 and 2022, we recorded impairment charges of €6.9 million, €3.6 million and €0.8 million, respectively. These amounts were primarily related to property and equipment.

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