自由拉丁美洲有限公司-a 2025年季度报告

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number:001-38335 Liberty Latin America Ltd.(Exact name of Registrant as specified in its charter) Trading Symbols Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐NoThe number of outstanding common shares of Liberty Latin America Ltd. as of April 30, 2025 was:39.0million Class A;2.4million Class B; and158.5 million Class C. The accompanying notes are an integral part of these condensed consolidated financial statements. (1)Basis of Presentation 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 Servicios and LibertyTelecomunicaciones. C&W owns less than100% of certain of its consolidated subsidiaries, including C&W Bahamas, C&W Jamaica and 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 our subsea and terrestrial fiber optic cable networks that connect over30markets inthat region.Unless otherwise indicated, ownership percentages are calculated as of March31, 2025. necessary for a fair presentation of the results of operations for the interim periods presented. The results of operations for any interim periodare not necessarily indicative of results for the full year. These condensed consolidated financial statements should be read in conjunction withour consolidated financial statements and notes thereto included in our 2024 Form 10-K. the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during thereporting period. Estimates and assumptions are used in accounting for, among other things, the valuation of acquisition-related assets andliabilities, expected credit losses, programming and copyright expenses, deferred income taxes and related valuation allowances, losscontingencies, fair value measurements, impairment assessments, capitalization of internal costs associated with construction and installation estimates. Certain prior-period amounts have been reclassified to conform to the current period presentation. Recent Accounting Pronouncements ASU 2023-09In December 2023, the FASB issued ASU No. 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosures(ASU 2023-09), which was issued to enhance transparency of income tax disclosures, primarily by requiring consistent categories and disaggregatedinformation about an entity’s effective tax rate reconciliation and disaggregated jurisdictional information on income taxes paid. The standard also eliminates certain existing requirements related to uncertain tax positionsand unrecognized deferred tax liabilities. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 with early adoption permitted. We are currently evaluating the impact this standard will have on the footnotes to our consolidated financial statements.ASU 2024-03 In November 2024, the FASB issued ASU No. 2024-03,Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-04): Disaggregation of Income Statement Expenses(ASU 2024-03), which requires more detailed disclosure in thenotes to the financial statements about the types of expenses in commonly presented expense captions. In each annual and interim reportingperiod, entities are required to (i) disclose the amounts of (a) purchases of inventory, (b) employee compensation, (c) depreciation and (d)intangible asset amortization included in each expense line item within continuing operations that is presented on the statement of operations, operations that are not separately quantified and (iv) disclose the total amount of selling expenses and, in annual reporting periods, an entity’sdefinition of selling expenses. In January 2025, the FASB issued ASU No. 2025-01,Income Statement—Reporting Comprehensive Income— Expense Disaggregation Disclosures (Subtopic 220-04): Clarifying the Effective Date(ASU 2025-01). ASU 2024-03 is effective for annualreporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027 with early adoption permitted, as clarified in ASU 2025-01. We are currently evaluating the impact this standard will have on our consolidated financial statements.(3)Fair Value MeasurementsU.S. GAAP provides for a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broadlevels. Level 1 inputs are quoted market prices in active markets for i