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Liberty Latin America Ltd. (LILA) SEC Filing 10-Q Quarterly Report for the period ending Thursday, June 30, 2022

Liberty Latin America Ltd.

CIK: 1712184 Ticker: LILA
q2-xh1x2022xresultsx2022002a.jpg
Exhibit 99.1
Liberty Latin America Reports Q2 & H1 2022 Results
Q2 reported revenue growth of 4% to $1.2 billion, up 1% on a rebased basis
Record second quarter mobile postpaid additions of 106,000
Acquisition of Claro Panama completed on July 1
Nearly $120 million of shares repurchased in H1
Denver, Colorado - August 3, 2022: Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced its financial and operating results for the three months (“Q2”) and six months (“YTD” or “H1 2022”) ended June 30, 2022.
CEO Balan Nair commented, “Following a solid start to the year, we made further progress in the second quarter as we grew our internet and postpaid mobile subscriber bases and completed the acquisition of Claro Panama in the beginning of July.”
“We continue to focus on delivering subscriber growth across products and customer segments that generate recurring revenue. During the quarter we grew our broadband subscriber base, including a record number of additions in Costa Rica and a return to growth in C&W Caribbean & Networks, while our operations in Chile broadly maintained market share despite intense competition. Mobile postpaid additions were greater than 100,000 for a second consecutive quarter as our ongoing commercial focus led to subscriber growth across all of our reporting segments.”
“Our inorganic strategy is progressing well and is set to deliver significant value for stakeholders as we integrate operations and realize synergies. On July 1, we closed the acquisition of Claro Panama and we expect to complete our agreed 50/50 JV with Claro Chile in the second half of 2022. Our integration plans in Puerto Rico and Costa Rica are on-track and we are excited to build growth-oriented converged telecommunications service providers in those markets.”
“We are also committed to responsible and sustainable practices across our operations and through our recently released 2021 ESG Report, we demonstrated significant progress in measuring and highlighting new goals with respect to our energy consumption, data privacy and security efforts, and strengthening our commitment to positive change.”
“Overall, we continue to build operating momentum in our business, while also making progress with our inorganic strategy, which we expect to drive additional Adjusted FCF growth in the coming years. We have continued to be aggressive with our share buyback activity, purchasing a record amount in the second quarter and taking our year-to-date total to nearly $120 million, as we remain confident in our business and prospects.”
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The following information was filed by Liberty Latin America Ltd. (LILA) on Wednesday, August 3, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Liberty Latin America Ltd.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Earnings (Loss)
Condensed Consolidated Statements Of Equity
Condensed Consolidated Statements Of Operations
Accounting Changes And Recent Accounting Pronouncements
Acquisitions
Acquisitions (Tables)
Acquisitions - Narrative (Details)
Acquisitions - Preliminary Opening Balance Sheet (Details)
Acquisitions - Pro Forma Information (Details)
Assets Held For Sale
Assets Held For Sale (Tables)
Assets Held For Sale - Narrative (Details)
Assets Held For Sale - Schedule Of Assets And Liabilities (Details)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Current Expected Credit Losses
Current Expected Credit Losses (Tables)
Current Expected Credit Losses - Changes In Allowance For Credit Loss (Details)
Current Expected Credit Losses - Changes In Notes Receivable Allowance For Credit Losses (Details)
Debt And Finance Lease Obligations
Debt And Finance Lease Obligations (Tables)
Debt And Finance Lease Obligations - Components Of Debt (Details)
Debt And Finance Lease Obligations - Components Of Debt Narrative (Details)
Debt And Finance Lease Obligations - Finance Activity (Details)
Debt And Finance Lease Obligations - Maturities Of Debt (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Counterparty Credit Risk (Details)
Derivative Instruments - Fair Values Of Derivative Assets And Liabilities (Details)
Derivative Instruments - Interest Rate Derivative Contracts (Details)
Derivative Instruments - Narrative (Details)
Derivative Instruments - Net Cash Received (Paid) Related To Derivatives (Details)
Derivative Instruments - Realized And Unrealized Gains On Derivatives (Details)
Earnings Or Loss Per Share
Earnings Or Loss Per Share (Tables)
Earnings Or Loss Per Share - Basic And Diluted (Details)
Earnings Or Loss Per Share - Weighted Average Shares Outstanding (Details)
Equity
Equity - Share Repurchase Program (Details)
Fair Value Measurements
Fair Value Measurements Narrative (Details)
Income Taxes
Income Taxes - Narrative (Details)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Lease Maturities Of Operating Lease Liabilities (Details)
Leases - Operating Leases Assets And Liabilities (Details)
Long-Lived Assets
Long-Lived Assets (Tables)
Long-Lived Assets - Goodwill (Details)
Long-Lived Assets - Intangible Assets Not Subject To Amortization (Details)
Long-Lived Assets - Intangible Assets Subject To Amortization, Net (Details)
Long-Lived Assets - Property And Equipment, Net (Details)
Other Operating Costs And Expenses
Other Operating Costs And Expenses (Details)
Other Operating Costs And Expenses (Tables)
Programming And Other Direct Costs Of Services
Programming And Other Direct Costs Of Services (Details)
Programming And Other Direct Costs Of Services (Tables)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Geographic Segments (Details)
Segment Reporting - Narrative (Details)
Segment Reporting - Performance Measures (Details)
Segment Reporting - Property And Equipment Additions Of Our Reportable Segments (Details)
Segment Reporting - Reconciliation Of Operating Cash Flow To Earnings From Continuing Operations (Details)
Segment Reporting - Revenue By Major Category (Details)
Unfulfilled Performance Obligations
Unfulfilled Performance Obligations (Details)
Ticker: LILA
CIK: 1712184
Form Type: 10-Q Quarterly Report
Accession Number: 0001712184-22-000243
Submitted to the SEC: Wed Aug 03 2022 4:42:52 PM EST
Accepted by the SEC: Wed Aug 03 2022
Period: Thursday, June 30, 2022
Industry: Cable And Other Pay Television Services

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