Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 173

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 173
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 of $12 million and $1 million, respectively, attributable to the LPR Acquisition. 

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Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

2022 AcquisitionClaro Panama Acquisition. On September 14, 2021, we entered into a definitive agreement to acquire América Móvil’s operations in Panama in an all-cash transaction based upon an enterprise value of $200 million on a cash- and debt-free basis. On July 1, 2022, we completed the acquisition of Claro Panama, which was financed through a combination of debt and existing cash. The following table sets forth a reconciliation of the stated purchase price to the net cash paid (in millions):Stated purchase price$200.0 Working capital adjustments9.3 Total purchase price209.3 Opening balance sheet cash(1.2)Net cash paid for the Claro Panama Acquisition$208.1 We have accounted for the Claro Panama Acquisition as a business combination using the acquisition method of accounting, whereby the total purchase price was allocated to the acquired identifiable net assets of Claro Panama based on assessments of their respective fair values. A summary of the purchase price and the opening balance sheet of Claro Panama at the July 1, 2022 acquisition date is presented in the following table. The opening balance sheet presented below reflects our final purchase price allocation (in millions):Current assets$24.4 Property and equipment136.3 Intangible assets subject to amortization (a)47.9 Other assets (b)198.2 Current liabilities(64.8)Long-term liabilities (c)(132.7)Total purchase price$209.3 (a)At July 1, 2022, the weighted average useful life of the acquired spectrum intangible assets was approximately 6 years.(b)Primarily consists of operating lease right-of-use assets. (c)Primarily consists of the non-current portion of operating lease obligations. Our consolidated statements of operations for the year ended December 31, 2022 includes third-party revenue and a net loss of $70 million and $14 million, respectively, attributable to Claro Panama.

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Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

Supplemental Pro Form