Company: LILA
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001712184-25-000094
Chunk: 6

Company: Liberty Latin America Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 6
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31,Increase (decrease)Increase (decrease) from: 20252024FXAn acquisitionOrganic in millionsRevenue $1,083.5 $1,099.4 $(15.9)$— $9.5 $(25.4)Operating costs and expenses (exclusive of depreciation and amortization, shown separately below):Programming and other direct costs of services232.6 240.2 (7.6)— 6.8 (14.4)Other operating costs and expenses478.3 512.0 (33.7)— 2.1 (35.8)Depreciation and amortization228.8 247.8 (19.0)0.1 — (19.1)Impairment, restructuring and other operating items, net15.7 6.6 9.1 — — 9.1 955.4 1,006.6 (51.2)0.1 8.9 (60.2)Operating income$128.1 $92.8 $35.3 $(0.1)$0.6 $34.8 

As reflected in the table above, there was an increase to our operating income for the three months ended March 31, 2025, as compared the corresponding period in 2024. For further discussion and analysis of organic changes in revenue and operating costs and expenses, see Revenue, Programming and Other Direct Costs of Services, and Other Operating Costs sections below. For further discussion and analysis of changes in Depreciation and amortization, and Impairment, Restructuring and other operating items, net, see Results of Operations (below Adjusted OIBDA) sections below.

36

Consolidated Adjusted OIBDA 

On a consolidated basis, Adjusted OIBDA is a non-U.S. GAAP measure. Adjusted OIBDA is the primary measure used by our CODM, our Chief Executive Officer, to evaluate segment operating performance. Adjusted OIBDA is also a key factor that is used by our internal decision makers to determine how to allocate resources to segments. Our internal decision makers believe Adjusted OIBDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to (i) readily view operating trends, (ii) perform analytical comparisons and benchmarking between segments and (iii