Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 107

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 107
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 include VAT that was also financed under these arrangements. For purposes of our consolidated statements of cash flows, operating-related expenses financed by an intermediary are treated as constructive operating cash outflows and constructive financing cash inflows when the intermediary settles the liability with the vendor as there is no actual cash outflow until we pay the financing intermediary. During 2024 and 2023, the constructive cash outflow included in cash flows from operating activities and the corresponding constructive cash inflow included in cash flows from financing activities related to these operating expenses wa s €790.3 million and €776.1 million, re spectively. Repayments of vendor financing obligations at the time we pay the financing intermediary are included in repayments of third-party debt and finance lease obligations in our consolidated statements of cash flows.

(e) During 2024, we repaid the Other Debt related to our handset receivables in the amount of €188.6 million.

(f) As of December 31, 2024 and 2023, our debt had an estimated fair value of €11.5 billion and €10.4 billion, respectively. The estimated fair values of our debt instruments are generally determined using the average of applicable bid and ask prices (mostly Level 1 of the fair value hierarchy). For additional information regarding fair value hierarchies, see note 6.

The following table provides a reconciliation of total third-party debt before premiums, discounts, and deferred financing costs to total debt and finance lease obligations:

|                                                                       |     | December 31, |          |     |      |          |
|                                                                       |     |         2024 |          |     | 2023 |          |
|                                                                       |     |  in millions |          |     |      |          |
| Total principal amount of third-party debt before premiums, discounts 
 and deferred financing costs                                          |     |            € | 11,937.6 |     |    € | 11,154.7 |
| Premiums, discounts and deferred financing costs, net                 |     |              |    -29.1 |     |      |    -29.9 |
| Total carrying amount of third-party debt                             |     |              | 11,908.5 |     |      | 11,124.8 |
| Third-party finance lease obligations (note 9)                        |     |              |     24.3 |     |      |     25.3 |
| Total third-party debt and finance lease obligations                  |     |              |