Company: LILA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001712184-25-000137
Chunk: 31

Company: Liberty Latin America Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 2
Chunk 31
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)Share-based compensation and other Employee Incentive Plan-related expense30.9 23.5 7.4 Total other operating costs and expenses$97.4 $74.6 $22.8 

•Personnel and contract labor: The increases are primarily due to (i) higher bonus-related expense, (ii) higher headcount and (iii) lower capitalized labor.

•Service-related: The increases are primarily due to the higher professional services costs.

Results of Operations (below Adjusted OIBDA)

Depreciation and amortization

Our depreciation and amortization expense decreased $19 million or 8% and $38 million or 8% during the three and six months ended June 30, 2025, as compared to the corresponding periods in 2024. The decreases are primarily due to (i)  customer relationship assets becoming fully amortized in C&W Panama and Liberty Caribbean and (ii) certain assets becoming fully depreciated, mainly in Liberty Caribbean.

Impairment, restructuring and other operating items, net 

The details of our impairment, restructuring and other operating items, net, are as follows:

 Three months ended June 30,Six months ended June 30, 2025202420252024 in millionsImpairment charges (a)$499.3 $6.6 $500.8 $8.5 Restructuring charges (b)17.5 11.3 26.7 14.8 Other operating items, net (c)0.4 7.7 5.4 8.9 Total$517.2 $25.6 $532.9 $32.2 

(a)During the second quarter of 2025, we recorded an impairment of $494 million on spectrum license intangible assets in 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, Liberty Puerto Rico and our corporate operations for the 2025 periods, and (ii) at Liberty Puerto Rico, Liberty Caribbean and C&W Panama for the 2024 periods.

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

Interest expense

Our interest expense increased $9 million and $12 million during the three and six months ended June