Liberty Latin America Ltd. LILA
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:
i.over 20 countries across Latin America and the Caribbean through two of our reportable segments, Liberty Caribbean and C&W Panama;
iii.Costa Rica, through our reportable segment Liberty Costa Rica.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.44B | $4.45B | $4.51B | $4.81B | $4.81B | $3.78B | $3.87B | $3.71B | $3.59B | $2.72B |
| Cost of revenue | $975.9M | $989.4M | $1.02B | $1.21B | $1.21B | $860.4M | $877.8M | $877.2M | $876.2M | — |
| Gross profit | $3.47B | $3.46B | $3.49B | $3.60B | $3.60B | $2.92B | $2.99B | $2.83B | $2.71B | — |
| SG&A | — | — | — | — | — | — | $803.3M | $768.2M | $710.7M | $521.6M |
| Total operating expenses | $4.33B | $4.52B | $3.99B | $4.72B | $4.75B | $3.70B | $3.54B | $3.73B | $3.75B | $2.41B |
| Operating income | $108.2M | -$76.8M | $517.7M | $86.5M | $63.8M | $86.7M | $325.8M | -$23.6M | -$162.9M | $315.3M |
| Interest expense | $656.4M | $627.7M | $601.7M | $556.7M | $527.4M | $533.4M | $499.2M | $443.7M | $381.8M | $314.4M |
| Pre-tax income | -$652.8M | -$659.9M | -$62.4M | -$123.0M | -$318.0M | -$838.2M | -$308.6M | -$584.7M | -$651.2M | -$98.1M |
| Income tax | $98.5M | $200.0K | $24.4M | $84.8M | $172.6M | $29.2M | $100.2M | $51.1M | $147.5M | $305.9M |
| Net income | -$554.3M | -$659.7M | -$86.8M | -$207.8M | -$490.6M | -$687.3M | -$106.1M | -$345.2M | -$778.1M | -$432.3M |
| EPS, basic | -3.06 | -3.47 | -0.35 | -0.77 | -1.89 | -3.51 | -0.58 | — | — | — |
| EPS, diluted | -3.06 | -3.47 | -0.35 | -0.77 | -1.89 | -3.51 | -0.58 | -1.96 | -4.53 | -3.44 |
| Shares, diluted (wtd. avg.) | $199.5M | $198.4M | $210.0M | $222.6M | $232.6M | $195.5M | $184.4M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $783.9M | $654.3M | $999.8M | $788.9M | $1.07B | $912.5M | $2.46B | $642.0M | $568.2M | $580.8M |
| Receivables | $653.6M | $685.9M | $686.1M | $603.3M | $526.6M | $558.6M | $585.2M | $607.3M | $556.5M | $531.6M |
| Total current assets | $2.25B | $2.12B | $2.41B | $2.08B | $2.05B | $1.95B | $2.06B | $1.64B | $1.37B | $1.51B |
| Property, plant and equipment | $3.85B | $4.06B | $4.21B | $4.29B | $4.17B | $4.75B | $4.30B | $4.24B | $4.17B | $3.86B |
| Goodwill | $3.01B | $2.98B | $3.48B | $3.42B | $3.95B | $4.89B | $4.90B | $5.13B | $5.67B | $6.35B |
| Other intangibles | $361.0M | $414.3M | $541.6M | $688.1M | $788.6M | $858.9M | $969.2M | $1.17B | $1.32B | $1.23B |
| Total assets | $12.23B | $12.78B | $13.59B | $13.58B | $15.37B | $15.08B | $14.94B | $13.45B | $13.62B | $14.14B |
| Accounts payable | $384.6M | $441.9M | $424.4M | $525.1M | $398.0M | $425.3M | $346.6M | $297.4M | $286.8M | $219.4M |
| Short-term debt | — | — | — | — | — | $160.0M | $178.2M | $293.4M | $256.9M | — |
| Total current liabilities | $1.98B | $2.06B | $2.13B | $1.77B | $1.51B | $1.70B | $1.58B | $1.61B | $1.59B | $1.35B |
| Long-term debt | $8.27B | $8.08B | $8.17B | $7.87B | $7.56B | $8.34B | $8.37B | $6.67B | $6.35B | $6.03B |
| Total liabilities | $11.16B | $11.19B | $11.28B | $11.02B | $12.47B | $11.74B | $10.96B | $9.32B | $8.93B | $8.48B |
| Retained earnings | -$4.24B | -$3.63B | -$2.94B | -$2.87B | -$2.69B | -$2.24B | -$1.45B | -$1.37B | -$1.01B | -$232.6M |
| Total equity | $555.6M | $1.09B | $2.31B | $2.56B | $2.89B | $3.32B | $3.86B | $4.04B | $4.69B | $5.66B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $805.9M | $756.3M | $897.0M | $868.8M | $1.02B | $640.1M | $918.2M | $816.8M | $573.2M | $468.2M |
| Depreciation and amortisation | $904.9M | $968.3M | $1.01B | $910.7M | $964.7M | $918.7M | $889.9M | $829.8M | $793.7M | $587.3M |
| Stock-based compensation | $54.4M | $73.0M | $88.7M | $93.5M | $118.1M | $97.5M | $57.5M | $39.8M | $14.2M | $15.4M |
| Capital expenditure | $500.0M | $540.4M | $585.0M | $660.1M | $736.3M | $631.1M | $721.5M | $771.4M | $776.7M | $568.2M |
| Investing cash flow | -$592.3M | -$688.5M | -$615.8M | -$1.12B | -$1.27B | -$2.45B | -$635.3M | -$980.5M | -$640.4M | -$424.2M |
| Financing cash flow | -$43.6M | -$386.4M | -$62.4M | -$29.2M | $426.6M | $271.1M | $1.54B | $256.1M | $52.9M | $258.6M |
| Buybacks | $0 | $82.9M | $118.3M | $170.4M | $63.0M | $9.5M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001712184-26-000065.
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