Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 107

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 107
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47

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)June 30, 2025(unaudited)

Property and Equipment Additions of our Reportable SegmentsThe property and equipment additions of our reportable segments (including capital additions financed under capital-related vendor financing or finance lease arrangements) are presented below and reconciled to the capital expenditure amounts included in our condensed consolidated statements of cash flows. For additional information concerning capital additions financed under vendor financing and finance lease arrangements, see notes 8 and 10, respectively. Six months endedJune 30, 20252024 in millionsTelenet$516.0 $384.9 VM Ireland98.3 81.0 VMO2 JV1,267.1 1,271.8 VodafoneZiggo JV435.1 499.6 Total reportable segment property and equipment additions2,316.5 2,237.3 Plus: all other category (a)16.5 14.4 Less: nonconsolidated JV property and equipment additions(1,702.2)(1,771.4)Less: elimination of intercompany consolidated property and equipment additions (b)(20.0)(18.9)Total consolidated property and equipment additions610.8 461.4 Assets acquired under capital-related vendor financing arrangements(32.1)(41.6)Assets acquired under finance leases— (0.6)Changes in current liabilities related to capital expenditures(16.1)(28.1)Total capital expenditures, net$562.6 $391.1 _______________(a)Includes (i) property and equipment additions representing centrally-owned assets that benefit other operating segments and (ii) the net impact of certain centrally-procured network equipment that is ultimately transferred to other operating segments.(b)Represents eliminations primarily related to the charges under the Tech Framework to each respective consolidated reportable segment related to the portion of the charges attributed to centrally-held internally developed technology that is embedded within our various CPE, as well as any applicable markup.

48

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)June 30, 2025(unaudited)

Revenue by Major CategoryOur revenue by major category is set forth below: Three months endedJune 30,Six months endedJune 30, 2025202420252024 in millionsResidential