Liberty Latin America (LILA) financial statements
Liberty Latin America reported revenue of $4.4B in fiscal 2025, up 5.6% a year over 9 years.
Net income was -$611M and the operating margin 2.4%, against 11.6% in 2016.
Free cash flow was $306M.
The diluted share count rose 59% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Liberty Latin America's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $3.6B | $3.7B | $3.9B | $3.8B | $4.8B | $4.8B | $4.5B | $4.4B | $4.4B |
| Cost of revenue | — | $876M | $877M | $878M | $860M | $1.2B | $1.2B | $1.0B | $989M | $976M |
| Gross profit | — | $2.7B | $2.8B | $3.0B | $2.9B | $3.6B | $3.6B | $3.5B | $3.5B | $3.5B |
| Selling, general and admin | $522M | $711M | $768M | $803M | — | — | — | — | — | — |
| Operating income | $315M | -$163M | -$24M | $326M | $87M | $64M | $86M | $518M | -$77M | $108M |
| Interest expense | $314M | $382M | $444M | $499M | $533M | $527M | $557M | $602M | $628M | $656M |
| Pre-tax income | -$98M | -$651M | -$585M | -$309M | -$838M | -$318M | -$123M | -$62M | -$660M | -$653M |
| Income tax | $306M | $148M | $51M | -$100M | -$29M | $173M | $85M | $24M | -$200,000 | -$98M |
| Net income | -$432M | -$778M | -$345M | -$106M | -$687M | -$441M | -$171M | -$74M | -$689M | -$611M |
| EPS (diluted) | -$3.44 | -$4.53 | -$1.96 | -$0.58 | -$3.51 | -$1.89 | -$0.77 | -$0.35 | -$3.47 | -$3.06 |
| Diluted shares | 126M | 172M | 176M | 184M | 196M | 233M | 223M | 210M | 198M | 200M |
| Gross margin | — | 75.6% | 76.3% | 77.3% | 77.3% | 74.8% | 74.8% | 77.4% | 77.8% | 78.0% |
| Operating margin | 11.6% | -4.5% | -0.6% | 8.4% | 2.3% | 1.3% | 1.8% | 11.5% | -1.7% | 2.4% |
| Net margin | -15.9% | -21.7% | -9.3% | -2.7% | -18.2% | -9.2% | -3.5% | -1.6% | -15.5% | -13.8% |
Balance sheet
Fiscal years, from Liberty Latin America's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $553M | $530M | $631M | $1.2B | $894M | $957M | $781M | $989M | $654M | $784M |
| Receivables | $532M | $556M | $607M | $585M | $559M | $527M | $603M | $686M | $686M | $654M |
| Total current assets | $1.5B | $1.4B | $1.6B | $2.1B | $1.9B | $2.1B | $2.1B | $2.4B | $2.1B | $2.2B |
| Property, plant and equipment | $3.9B | $4.2B | $4.2B | $4.3B | $4.8B | $4.2B | $4.3B | $4.2B | $4.1B | $3.8B |
| Goodwill | $6.4B | $5.7B | $5.1B | $4.9B | $4.9B | $3.9B | $3.4B | $3.5B | $3.0B | $3.0B |
| Total assets | $14.1B | $13.6B | $13.4B | $14.9B | $15.1B | $15.4B | $13.6B | $13.6B | $12.8B | $12.2B |
| Total current liabilities | $1.3B | $1.6B | $1.6B | $1.6B | $1.7B | $1.5B | $1.8B | $2.1B | $2.1B | $2.0B |
| Long-term debt | $5.9B | $6.1B | $6.4B | $8.2B | $8.2B | $7.5B | $7.7B | $7.6B | $7.6B | $7.9B |
| Total liabilities | $8.5B | $8.9B | $9.3B | $11.0B | $11.7B | $12.5B | $11.0B | $11.3B | $11.2B | $11.2B |
| Shareholders' equity | $4.2B | $3.3B | $3.1B | $3.1B | $2.6B | $2.2B | $1.9B | $1.8B | $1.1B | $556M |
| Net debt | $5.3B | $5.8B | $6.0B | $7.2B | $7.5B | $6.5B | $6.9B | $6.6B | $7.0B | $7.1B |
Cash flow
Fiscal years, from Liberty Latin America's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $468M | $573M | $817M | $918M | $640M | $1.0B | $869M | $897M | $756M | $806M |
| Capital spending | $490M | $639M | $776M | $589M | $566M | $736M | $660M | $585M | $540M | $500M |
| Free cash flow | -$22M | -$66M | $40M | $329M | $74M | $280M | $209M | $312M | $216M | $306M |
| Stock-based compensation | $15M | $14M | $40M | $58M | $98M | $118M | $94M | $89M | $73M | $54M |
| Share buybacks (net) | — | — | $0 | $0 | -$10M | -$63M | -$170M | -$118M | -$83M | $0 |
| Net borrowing | $1.5B | $1.8B | $1.2B | $3.0B | $1.3B | $1.2B | $338M | $1.1B | $1.7B | $1.9B |
| Free cash flow margin | -0.8% | -1.8% | 1.1% | 8.5% | 2.0% | 5.8% | 4.3% | 6.9% | 4.9% | 6.9% |
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Open LILA in InvestinglyQuestions
What was Liberty Latin America's revenue in 2025?
$4.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Liberty Latin America generate?
$306M in fiscal 2025 (operating cash flow minus capital spending).
From Liberty Latin America's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.