NASDAQ: LILA
Liberty Latin America Ltd.CIK 0001712184 · SIC 4841 · Cable & Other Pay Television
Liberty Latin America Ltd. is a registered company in Bermuda that primarily includes: (i) C&W; (ii) Liberty Communications PR; and (iii) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiaries, which include Liberty Telecomunicaciones. C&W owns less than 100% of certain… About this business →
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Latest financial statements
From 10-Q filed Aug 5, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 1,103 | 1,087 |
| Cost of revenue / cost of sales | 229.0 | 232.4 |
| Operating expenses: | ||
| Operating expenses | 666.6 | 671.7 |
| Sales and marketing | 41.6 | 44.7 |
| Total operating expenses | 921.4 | 1,420 |
| Operating income | 181.2 | (333.0) |
| Interest expense | 167.9 | 165.4 |
| Other income/(expense), net | (11.1) | (14.7) |
| Income before income taxes | 24.0 | (570.8) |
| Income tax expense/(benefit) | 34.6 | (155.7) |
| Net income | (10.6) | (415.1) |
| Net income attributable to shareholders | (24.0) | (423.3) |
| Basic earnings per share | (0.13) | (2.12) |
| Diluted earnings per share | (0.13) | (2.12) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 714.1 | 783.9 |
| Accounts receivable, net | 674.7 | 653.6 |
| Prepaid expenses and other current assets | 110.8 | 79.8 |
| Other current assets | 501.7 | 471.9 |
| Total current assets | 2,269 | 2,246 |
| Loans held for investment, net | 75.0 | |
| Property, plant and equipment, net | 3,780 | 3,848 |
| Operating lease right-of-use assets, net | 474.0 | 470.4 |
| Finite-lived intangible assets, net | 331.1 | 361.0 |
| Goodwill | 3,062 | 3,008 |
| Deferred income taxes and other assets | 204.0 | |
| Other assets | 1,464 | 1,444 |
| Other long-term assets | 845.3 | 569.9 |
| TOTAL ASSETS | 12,226 | 12,226 |
| Current liabilities: | ||
| Current portion of long-term debt | 422.4 | 408.8 |
| Accounts payable | 321.7 | 384.6 |
| Current portion of operating lease liabilities | 96.0 | 95.0 |
| Deferred revenue, current | 125.9 | 127.4 |
| Other current liabilities | 947.8 | 962.1 |
| Total current liabilities | 1,914 | 1,978 |
| Long-term debt | 8,026 | 7,870 |
| Operating lease liabilities | 415.9 | 423.6 |
| Deferred revenue, noncurrent | 97.8 | 81.9 |
| Deferred income taxes and other liabilities | 404.8 | 411.6 |
| Other long-term liabilities | 374.0 | 397.0 |
| Total liabilities | 11,232 | 11,162 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 5,351 | 5,369 |
| Accumulated other comprehensive income (loss) | (59.5) | (124.6) |
| Retained earnings (deficit) | (4,289) | (4,242) |
| Treasury stock | (476.9) | (448.9) |
| Total shareholders' equity | 528.1 | 555.6 |
| Noncontrolling interest | 465.1 | 507.9 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 12,226 | 12,226 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 259.0 | 165.8 |
| Investing Activities: | ||
| Net cash from investing activities | (236.4) | (246.9) |
| Financing Activities: | ||
| Net cash from financing activities | (74.3) | (32.2) |
| Effect of exchange rate changes | (0.9) | (26.2) |
| Net increase/(decrease) in cash | (52.6) | (139.5) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About Liberty Latin America Ltd.
Source: Item 1 (Business) from the 10-K filed February 18, 2026. Description as filed by the company with the SEC.
Item 1. BUSINESS
(a) General Development of Business
Liberty Latin America Ltd. is a registered company in Bermuda that primarily includes: (i) C&W; (ii) Liberty Communications PR; and (iii) LBT CT Communications, S.A. (a less than wholly-owned entity) and its subsidiaries, which include Liberty Telecomunicaciones. C&W owns less than 100% of certain of its consolidated subsidiaries, including C&W Bahamas, C&W Jamaica and CWP.
We are an international provider of fixed, mobile and subsea telecommunications services. We provide:
A.residential and B2B services in:
i.over 20 countries across Latin America and the Caribbean through two of our reportable segments, Liberty Caribbean and C&W Panama;
ii.Puerto Rico and USVI, through our reportable segment Liberty Puerto Rico; and
iii.Costa Rica, through our reportable segment Liberty Costa Rica.
B.through our reportable segment Liberty Networks, (i) enterprise services in certain other countries in Latin America and the Caribbean, and (ii) wholesale services over its subsea and terrestrial fiber optic cable networks that connect over 30 markets in that region.
Developments in the Business
We have expanded our footprint through fixed network new build and upgrade projects, mobile coverage expansion, and strategic acquisitions. Our new build projects consist of network programs pursuant to which we pass additional homes and businesses with our broadband communications network. We are also upgrading networks to increase broadband speeds and the services we can deliver for our customers. During the past three years, we passed or upgraded approximately 0.8 million additional homes and commercial premises. We have made strategic acquisitions to drive scale benefits across our business, enhancing our ability to innovate and deliver quality services, content and products to our customers. Within the last three years, we have completed the following transactions:
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•On November 6, 2023, we entered into an agreement with EchoStar to acquire EchoStar’s prepaid business and spectrum assets in Puerto Rico and USVI in exchange for cash and international roaming credits. The aggregate cash consideration of $256 million is due in four annual installments. We paid $95 million on the closing date, September 3, 2024, $72 million became due on September 3, 2025, and $45 million and $40 million will become due September 3, 2026 and 2027, respectively.
•During November 2023, we entered into an agreement with Phoenix Tower International to monetize approximately 1,300 mobile tower sites across Panama, Jamaica, Puerto Rico, Barbados, and the British Virgin Islands. We completed these transactions across most markets during 2023. The transaction provides arrangements to extend coverage with a further 500 sites being built by Liberty Latin America and Phoenix Tower International by 2029.
•During August 2024, we entered into an agreement with the noncontrolling interest owner of Liberty Costa Rica where we agreed to acquire on January 30, 2026 shares representing 8.5% of equity of Liberty Costa Rica for aggregate cash consideration of approximately $84 million, comprising CRC 22 billion ($44 million) and $40 million, with 62.5% of the purchase price due upon closing and the remaining 37.5% due on January 29, 2027. Subsequent to December 31, 2025, we paid the first installment payment of $53 million.
I-1
Forward-looking Statements
Certain statements in this Annual Report on Form 10-K constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. To the extent that statements in this Annual Report on Form 10-K are not recitations of historical fact, such statements constitute forward-looking statements, which, by definition, involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In particular, statements under Item 1. Business, Item 1A. Risk Factors, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Item 7A. Quantitative and Qualitative Disclosures About Market Risk and Item 9A. Controls and Procedures may contain forward-looking statements, including statements regarding: our business, products, foreign currency and finance strategies; our property and equipment additions; grants or renewals of licenses; subscriber growth and retention rates; changes in competitive, regulatory and economic factors; the recovery by our Puerto Rico operations; changes in our revenue, costs or growth rates; debt levels; our liquidity and our ability to access the liquidity of our subsidiaries; credit risks; interest rate risks; internal control over financial reporting and remediation of material weaknesses; foreign currency risks; compliance with debt, financial and other covenants; our future projected sources and uses of cash; the impact of Hurricane Melissa on our business and operations; and other information and statements that are not historical fact. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. In evaluating these statements, you should consider the risks and uncertainties discussed under