Company: LILA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001712184-25-000179
Chunk: 36

Company: Liberty Latin America Ltd.
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 2
Chunk 36
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 inclusion of withholding taxes on cross-border payments, permanent differences such as non-deductible expenses, and our estimate of global minimum tax.

For the three and nine months ended September 30, 2024, the income tax benefit attributable to our loss before income taxes differs from the amounts computed using the statutory tax rate, primarily due to the beneficial effects of international rate differences, net decreases in valuation allowances and permanent tax differences, such as non-taxable income. These beneficial effects were partially offset by the detrimental effects of non-deductible goodwill impairment, permanent tax differences, such as non-deductible expenses and inclusion of withholding taxes on cross-border payments. For the three months ended September 30, 2024, our income tax benefit reflects our estimate of global minimum tax which has been reduced for changes in legislative landscape and updated current and forecasted operating results. For the nine months ended September 30, 2024, our income tax benefit reflects effects of net legislative increase to the statutory tax rate in Barbados and the net detrimental effects of the inclusion of global minimum tax.

On July 4, 2025, the OBBBA was enacted. The OBBBA restores, or makes permanent, certain expiring business tax provisions from the Tax Cuts and Jobs Act of 2017, including 100% bonus depreciation, IRC Section 174 expensing for U.S.-based research, and the EBITDA-based business interest expense limitation under IRC Section 163(j). While we continue to analyze the effects of the OBBBA, we expect that the OBBBA will not have a material impact on total income tax benefit or expense on our financial statements but will allow for a deferral of cash taxes paid to future years.

For additional information regarding our income taxes, see note 13 to our condensed consolidated financial statements.

68

Net earnings or loss

The following table sets forth selected summary financial information of our net loss:

 Three months ended September 30,Nine months ended September 30, 2025202420252024 in millionsOperating income (loss)$187.5 $(379.6)$(17.4)$(176.0)Net non-operating expenses$(175.7)$(195.2)$(659.2)$(467.0)Income tax benefit$4.1 $145.7 $150.7 $176.5 Net earnings (loss)$15.9 $(429.1)$(525.9)$(466.5)