Liberty Latin America Ltd Financials

LILAK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Liberty Latin America Ltd (LILAK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 14/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Liberty Latin America Ltd has an operating margin of -1.1%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 11.5% the prior year.

Growth

Liberty Latin America Ltd's revenue declined 1.2% year-over-year, from $4.5B to $4.5B. This contraction results in a growth score of 25/100.

Leverage

Liberty Latin America Ltd has elevated debt relative to equity (D/E of 7.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Liberty Latin America Ltd's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

Liberty Latin America Ltd's free cash flow margin of 4.8% results in a low score of 24/100. Capital expenditures of $540.4M absorb a large share of operating cash flow.

Piotroski F-Score Neutral

4/9

Liberty Latin America Ltd passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-1.15x

For every $1 of reported earnings, Liberty Latin America Ltd generates $-1.15 in operating cash flow ($756.3M OCF vs -$657.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.1x

Liberty Latin America Ltd earns $-0.1 in operating income for every $1 of interest expense (-$48.3M vs $627.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Revenue

$4.5B

YoY-1.2%

5Y CAGR+2.9%

Liberty Latin America Ltd generated $4.5B in revenue in fiscal year 2024. This represents a decrease of 1.2% from the prior year.

EBITDA

$920.0M

YoY-39.7%

5Y CAGR-5.4%

Liberty Latin America Ltd's EBITDA was $920.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.7% from the prior year.

Free Cash Flow

$215.9M

YoY-30.8%

5Y CAGR+1.9%

Liberty Latin America Ltd generated $215.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 30.8% from the prior year.

Net Income

-$657.0M

YoY-792.7%

Liberty Latin America Ltd reported -$657.0M in net income in fiscal year 2024. This represents a decrease of 792.7% from the prior year.

EPS (Diluted)

$-3.31

YoY-845.7%

Liberty Latin America Ltd earned $-3.31 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 845.7% from the prior year.

Cash & Debt

$654.3M

YoY-33.8%

5Y CAGR-11.2%

Liberty Latin America Ltd held $654.3M in cash against $8.1B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

77.8%

YoY+0.4pp

5Y CAGR+0.5pp

Liberty Latin America Ltd's gross margin was 77.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin

-1.1%

YoY-12.6pp

5Y CAGR-9.5pp

Liberty Latin America Ltd's operating margin was -1.1% in fiscal year 2024, reflecting core business profitability. This is down 12.6 percentage points from the prior year.

Net Margin

-14.7%

YoY-13.1pp

5Y CAGR-12.0pp

Liberty Latin America Ltd's net profit margin was -14.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 13.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$82.9M

YoY-29.9%

Liberty Latin America Ltd spent $82.9M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 29.9% from the prior year.

Capital Expenditures

$540.4M

YoY-7.6%

5Y CAGR-5.6%

Liberty Latin America Ltd invested $540.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 7.6% from the prior year.

LILAK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.5B-1.2%	$4.5B-6.2%	$4.8B-0.1%	$4.8B+27.2%	$3.8B-2.2%	$3.9B
Cost of Revenue	$989.4M-3.0%	$1.0B-15.7%	$1.2B-0.3%	$1.2B+41.1%	$860.4M-2.0%	$877.8M
Gross Profit	$3.5B-0.7%	$3.5B-3.0%	$3.6B0.0%	$3.6B+23.1%	$2.9B-2.2%	$3.0B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	$803.3M
Operating Income	-$48.3M-109.3%	$517.7M+498.5%	$86.5M+35.6%	$63.8M-26.4%	$86.7M-73.4%	$325.8M
Interest Expense	$627.7M+4.3%	$601.7M+8.1%	$556.7M+5.6%	$527.4M-1.1%	$533.4M+6.9%	$499.2M
Income Tax	-$4.1M-116.8%	$24.4M-71.2%	$84.8M-50.9%	$172.6M+691.1%	-$29.2M+70.9%	-$100.2M
Net Income	-$657.0M-792.7%	-$73.6M+56.9%	-$170.7M+61.3%	-$440.6M+35.9%	-$687.3M-547.8%	-$106.1M
EPS (Diluted)	$-3.31-845.7%	$-0.35+54.5%	$-0.77+59.3%	$-1.89+46.2%	$-3.51-505.2%	$-0.58

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.1B+2.4%	$1.1B+0.3%	$1.1B-5.8%	$1.2B+2.9%	$1.1B+1.7%	$1.1B-5.5%	$1.2B+3.4%	$1.1B
Cost of Revenue	$247.6M+6.5%	$232.4M-0.1%	$232.6M-14.5%	$272.0M+10.9%	$245.3M+2.1%	$240.2M-14.3%	$280.2M+8.1%	$259.1M
Gross Profit	$864.9M+1.2%	$854.3M+0.4%	$850.9M-3.1%	$878.3M+0.6%	$872.7M+1.6%	$859.2M-2.7%	$883.4M+1.9%	$866.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$187.5M+156.3%	-$333.0M-360.0%	$128.1M+0.3%	$127.7M+15.3%	$110.8M+19.4%	$92.8M-17.9%	$113.0M-30.5%	$162.7M
Interest Expense	$164.3M-0.7%	$165.4M+4.5%	$158.3M+1.2%	$156.4M+0.1%	$156.2M+0.2%	$155.9M+1.4%	$153.7M+0.9%	$152.3M
Income Tax	-$4.1M+97.4%	-$155.7M-1811.0%	$9.1M-94.7%	$172.4M+580.2%	-$35.9M-803.9%	$5.1M+118.5%	-$27.5M-364.4%	$10.4M
Net Income	$3.3M+100.8%	-$423.3M-210.3%	-$136.4M+23.4%	-$178.0M-316.9%	-$42.7M-8440.0%	-$500K+99.5%	-$102.8M-272.2%	$59.7M
EPS (Diluted)	$0.02+100.9%	$-2.12-207.2%	$-0.69+20.7%	$-0.87-295.5%	$-0.22	$0.00+100.0%	$-0.50-272.4%	$0.29

LILAK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$12.8B-5.8%	$13.6B+0.1%	$13.6B-11.7%	$15.4B+1.9%	$15.1B+0.9%	$14.9B
Current Assets	$2.1B-11.6%	$2.4B+16.0%	$2.1B+1.3%	$2.1B+5.4%	$1.9B-5.2%	$2.1B
Cash & Equivalents	$654.3M-33.8%	$988.6M+26.6%	$781.0M-18.4%	$956.7M+7.0%	$894.2M-24.5%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$704.3M+2.7%	$686.1M+13.7%	$603.3M+14.6%	$526.6M-5.7%	$558.6M-4.5%	$585.2M
Goodwill	$3.0B-14.4%	$3.5B+1.8%	$3.4B-13.3%	$3.9B-19.2%	$4.9B-0.4%	$4.9B
Total Liabilities	$11.2B-1.0%	$11.3B+2.4%	$11.0B-11.6%	$12.5B+6.2%	$11.7B+7.1%	$11.0B
Current Liabilities	$2.0B-4.2%	$2.1B+20.2%	$1.8B+17.1%	$1.5B-10.9%	$1.7B+7.8%	$1.6B
Long-Term Debt	$8.1B-1.2%	$8.2B+3.8%	$7.9B+4.2%	$7.6B-7.6%	$8.2B-0.1%	$8.2B
Total Equity	$1.1B-36.4%	$1.8B-8.1%	$1.9B-13.6%	$2.2B-15.0%	$2.6B-16.0%	$3.1B
Retained Earnings	-$3.6B-22.3%	-$2.9B-2.6%	-$2.9B-6.5%	-$2.7B-20.4%	-$2.2B-54.6%	-$1.4B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$12.0B+0.8%	$12.0B-5.1%	$12.6B-1.6%	$12.8B-2.7%	$13.2B-0.9%	$13.3B-2.4%	$13.6B+2.1%	$13.3B
Current Assets	$2.1B+1.9%	$2.0B-1.0%	$2.1B-3.4%	$2.1B+3.3%	$2.1B-1.8%	$2.1B-12.9%	$2.4B+22.4%	$2.0B
Cash & Equivalents	$596.7M+16.0%	$514.4M-10.6%	$575.5M-12.0%	$654.3M+9.3%	$598.6M-10.5%	$668.5M-32.4%	$988.6M+73.0%	$571.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$708.3M+1.3%	$699.5M+3.0%	$679.0M-3.6%	$704.3M-0.6%	$708.5M+0.1%	$707.8M+3.2%	$686.1M+5.9%	$648.1M
Goodwill	$3.0B+0.5%	$3.0B-0.2%	$3.0B+0.3%	$3.0B-14.2%	$3.5B-0.8%	$3.5B+0.6%	$3.5B+0.4%	$3.5B
Total Liabilities	$10.9B+0.5%	$10.8B-2.2%	$11.1B-0.9%	$11.2B+2.0%	$11.0B-0.3%	$11.0B-2.6%	$11.3B+3.7%	$10.9B
Current Liabilities	$1.8B-4.3%	$1.9B-0.9%	$1.9B-6.4%	$2.0B+7.6%	$1.9B+1.1%	$1.9B-11.9%	$2.1B+10.5%	$1.9B
Long-Term Debt	$8.3B+1.5%	$8.2B-0.2%	$8.2B+1.2%	$8.1B0.0%	$8.1B+0.3%	$8.1B-1.5%	$8.2B+3.4%	$7.9B
Total Equity	$628.9M+3.4%	$608.4M-40.5%	$1.0B-8.8%	$1.1B-32.1%	$1.7B-4.7%	$1.7B-1.7%	$1.8B-5.6%	$1.9B
Retained Earnings	-$4.2B+0.1%	-$4.2B-11.3%	-$3.7B-3.8%	-$3.6B-20.6%	-$3.0B-1.5%	-$2.9B0.0%	-$2.9B-3.6%	-$2.8B

LILAK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$756.3M-15.7%	$897.0M+3.2%	$868.8M-14.5%	$1.0B+58.8%	$640.1M-30.3%	$918.2M
Capital Expenditures	$540.4M-7.6%	$585.0M-28.3%	$816.3M-4.6%	$855.9M+35.6%	$631.1M-12.5%	$721.5M
Free Cash Flow	$215.9M-30.8%	$312.0M+494.3%	$52.5M-67.2%	$160.3M+1681.1%	$9.0M-95.4%	$196.7M
Investing Cash Flow	-$688.5M-11.8%	-$615.8M+45.1%	-$1.1B+11.5%	-$1.3B+48.2%	-$2.5B-285.8%	-$635.3M
Financing Cash Flow	-$386.4M-519.2%	-$62.4M-113.7%	-$29.2M-106.8%	$426.6M+57.4%	$271.1M-82.4%	$1.5B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$82.9M-29.9%	$118.3M-30.6%	$170.4M+170.5%	$63.0M+563.2%	$9.5M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$178.2M+26.2%	$141.2M+474.0%	$24.6M-93.8%	$398.6M+154.0%	$156.9M+573.4%	$23.3M-94.0%	$390.5M+78.7%	$218.5M
Capital Expenditures	$122.2M-12.3%	$139.3M+44.1%	$96.7M-40.9%	$163.7M+16.5%	$140.5M+28.1%	$109.7M-32.3%	$162.1M+8.2%	$149.8M
Free Cash Flow	$56.0M+2847.4%	$1.9M+102.6%	-$72.1M-130.7%	$234.9M+1332.3%	$16.4M+119.0%	-$86.4M-137.8%	$228.4M+232.5%	$68.7M
Investing Cash Flow	-$170.7M-12.4%	-$151.9M-59.9%	-$95.0M+45.8%	-$175.2M-5.9%	-$165.5M-41.6%	-$116.9M+28.4%	-$163.3M-1.2%	-$161.4M
Financing Cash Flow	$85.4M+339.9%	-$35.6M-1147.1%	$3.4M+102.2%	-$152.9M-179.0%	-$54.8M+75.7%	-$225.7M-217.2%	$192.5M+257.5%	-$122.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0	$0-100.0%	$26.9M-52.0%	$56.0M+646.7%	$7.5M-75.4%	$30.5M

LILAK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	77.8%+0.4pp	77.4%+2.6pp	74.8%+0.1pp	74.8%-2.5pp	77.3%-0.1pp	77.3%
Operating Margin	-1.1%-12.6pp	11.5%+9.7pp	1.8%+0.5pp	1.3%-1.0pp	2.3%-6.1pp	8.4%
Net Margin	-14.7%-13.1pp	-1.6%+1.9pp	-3.5%+5.6pp	-9.2%+9.0pp	-18.2%-15.4pp	-2.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-5.1%-4.6pp	-0.5%+0.7pp	-1.3%+1.6pp	-2.9%+1.7pp	-4.6%-3.9pp	-0.7%
Current Ratio	1.04-0.1	1.13-0.0	1.17-0.2	1.35+0.2	1.15-0.2	1.30
Debt-to-Equity	7.20+2.6	4.64+0.5	4.10+0.7	3.40+0.3	3.13+0.5	2.63
FCF Margin	4.8%-2.1pp	6.9%+5.8pp	1.1%-2.2pp	3.3%+3.1pp	0.2%-4.9pp	5.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	77.7%-0.9pp	78.6%+0.1pp	78.5%+2.2pp	76.3%-1.7pp	78.1%-0.1pp	78.1%+2.2pp	75.9%-1.1pp	77.0%
Operating Margin	16.9%+47.5pp	-30.6%-42.5pp	11.8%+0.7pp	11.1%+1.2pp	9.9%+1.5pp	8.4%-1.3pp	9.7%-4.7pp	14.4%
Net Margin	0.3%+39.3pp	-39.0%-26.4pp	-12.6%+2.9pp	-15.5%-11.7pp	-3.8%-3.8pp	-0.1%+8.8pp	-8.8%-14.1pp	5.3%
Return on Equity	0.5%	N/A	N/A	N/A	N/A	N/A	N/A	3.2%
Return on Assets	0.0%+3.6pp	-3.5%-2.5pp	-1.1%+0.3pp	-1.4%-1.1pp	-0.3%-0.3pp	0.0%+0.8pp	-0.8%-1.2pp	0.4%
Current Ratio	1.14+0.1	1.080.0	1.08+0.0	1.04-0.0	1.09-0.0	1.12-0.0	1.13+0.1	1.02
Debt-to-Equity	13.16-0.2	13.41+5.4	7.99+0.8	7.20+2.3	4.89+0.2	4.640.0	4.64+0.4	4.23
FCF Margin	5.0%+4.9pp	0.2%+6.8pp	-6.7%-27.1pp	20.4%+18.9pp	1.5%+9.3pp	-7.9%-27.5pp	19.6%+13.5pp	6.1%

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Frequently Asked Questions

What is Liberty Latin America Ltd's annual revenue?

Liberty Latin America Ltd (LILAK) reported $4.5B in total revenue for fiscal year 2024. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Liberty Latin America Ltd's revenue growing?

Liberty Latin America Ltd (LILAK) revenue declined by 1.2% year-over-year, from $4.5B to $4.5B in fiscal year 2024.

Is Liberty Latin America Ltd profitable?

No, Liberty Latin America Ltd (LILAK) reported a net income of -$657.0M in fiscal year 2024, with a net profit margin of -14.7%.

What is Liberty Latin America Ltd's earnings per share (EPS)?

Liberty Latin America Ltd (LILAK) reported diluted earnings per share of $-3.31 for fiscal year 2024. This represents a -845.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Liberty Latin America Ltd's EBITDA?

Liberty Latin America Ltd (LILAK) had EBITDA of $920.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Liberty Latin America Ltd have?

As of fiscal year 2024, Liberty Latin America Ltd (LILAK) had $654.3M in cash and equivalents against $8.1B in long-term debt.

What is Liberty Latin America Ltd's gross margin?

Liberty Latin America Ltd (LILAK) had a gross margin of 77.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Liberty Latin America Ltd's operating margin?

Liberty Latin America Ltd (LILAK) had an operating margin of -1.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Liberty Latin America Ltd's net profit margin?

Liberty Latin America Ltd (LILAK) had a net profit margin of -14.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Liberty Latin America Ltd's free cash flow?

Liberty Latin America Ltd (LILAK) generated $215.9M in free cash flow during fiscal year 2024. This represents a -30.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Liberty Latin America Ltd's operating cash flow?

Liberty Latin America Ltd (LILAK) generated $756.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Liberty Latin America Ltd's total assets?

Liberty Latin America Ltd (LILAK) had $12.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Liberty Latin America Ltd's capital expenditures?

Liberty Latin America Ltd (LILAK) invested $540.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Liberty Latin America Ltd buy back shares?

Yes, Liberty Latin America Ltd (LILAK) spent $82.9M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Liberty Latin America Ltd's current ratio?

Liberty Latin America Ltd (LILAK) had a current ratio of 1.04 as of fiscal year 2024, which is considered adequate.

What is Liberty Latin America Ltd's debt-to-equity ratio?

Liberty Latin America Ltd (LILAK) had a debt-to-equity ratio of 7.20 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Liberty Latin America Ltd's return on assets (ROA)?

Liberty Latin America Ltd (LILAK) had a return on assets of -5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Liberty Latin America Ltd's Piotroski F-Score?

Liberty Latin America Ltd (LILAK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Liberty Latin America Ltd's earnings high quality?

Liberty Latin America Ltd (LILAK) has an earnings quality ratio of -1.15x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Liberty Latin America Ltd cover its interest payments?

Liberty Latin America Ltd (LILAK) has an interest coverage ratio of -0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Liberty Latin America Ltd?

Liberty Latin America Ltd (LILAK) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.