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Schedule I - Parent Company Information
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Schedule I - Parent Company Information
LIBERTY LATIN AMERICA LTD.
SCHEDULE I
(Parent Company Information – See Notes to Consolidated Financial Statements)
CONDENSED BALANCE SHEETS
(Parent Company Only)
 
December 31,
 
2019
 
2018
 
in millions
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
524.6

 
$
49.9

Other receivables – related-party
60.7

 
20.9

Other current assets
0.8

 
2.4

Total current assets
586.1

 
73.2

 
 
 
 
Long-term notes receivable – related-party
45.7

 
45.0

Investments in consolidated subsidiaries
3,072.0

 
3,108.8

Other assets, net
0.2

 
5.2

Total assets
$
3,704.0

 
$
3,232.2

 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Related-party loan payable
$
245.8

 
$
117.5

Related-party liabilities
16.0

 
—

Accrued liabilities and other
5.2

 
2.1

Total current liabilities
267.0

 
119.6

 
 
 
 
Long-term debt and finance lease obligations, net
327.2

 
—

Total liabilities
$
594.2

 
$
119.6

 
 
 
 
Shareholders’ equity:
 
 
 
Class A, $0.01 par value; 500,000,000 shares authorized; 48,795,552 and 48,501,803 shares issued and outstanding, respectively
0.5

 
0.5

Class B, $0.01 par value; 50,000,000 shares authorized; 1,934,686 and 1,935,949 shares issued and outstanding, respectively
—

 
—

Class C, $0.01 par value; 500,000,000 shares authorized; 131,181,371 and 130,526,158 shares issued and outstanding, respectively
1.3

 
1.3

Additional paid-in capital
4,569.9

 
4,494.1

Accumulated deficit
(1,447.1
)
 
(1,367.0
)
Accumulated other comprehensive loss, net of taxes
(14.8
)
 
(16.3
)
Total shareholders’ equity
3,109.8

 
3,112.6

Total liabilities and shareholders’ equity
$
3,704.0

 
$
3,232.2


LIBERTY LATIN AMERICA LTD.
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED STATEMENTS OF OPERATIONS
(Parent Company Only)
 
Year ended December 31,
 
Period from the date of inception (July 11, 2017) to December 31, 2017
 
2019
 
2018
 

in millions
 
 
 
 
 
 
Operating costs and expenses:
 
 
 
 
 
Selling, general and administrative (including share-based compensation)
$
11.8

 
$
8.7

 
$
—

Depreciation and amortization
—

 
0.8

 
—

Other operating expenses
23.8

 
24.5

 
—

Operating loss
(35.6
)
 
(34.0
)
 
—

Non-operating income:
 
 
 
 
 
Interest expense – third-party
(10.9
)
 
—

 
—

Interest income – third-party
4.6

 
—

 
—

Interest income – related-party
1.0

 
0.7

 
—

Other income (loss), net
(0.4
)
 
1.1

 
—

 
(5.7
)
 
1.8

 
—

Loss before equity in losses of consolidated subsidiaries and income taxes
(41.3
)
 
(32.2
)
 
—

Equity in losses of consolidated subsidiaries, net
(38.8
)
 
(313.0
)
 
—

Income tax expense
—

 
—

 
—

Net loss
$
(80.1
)
 
$
(345.2
)
 
$
—


LIBERTY LATIN AMERICA LTD.
SCHEDULE I
(Parent Company Information - See Notes to Consolidated Financial Statements)
CONDENSED STATEMENTS OF CASH FLOWS
(Parent Company Only)

 
Year ended December 31,
 
Period from the date of inception (July 11, 2017) to December 31, 2017
 
2019
 
2018
 
 
in millions
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(80.1
)
 
$
(345.2
)
 
$
—

Adjustments to reconcile net loss to net cash used by operating activities:

 

 
 
Equity in losses of consolidated subsidiaries, net
38.8

 
313.0

 
—

Share-based compensation expense
1.3

 
0.2

 
—

Depreciation and amortization
—

 
0.8

 
—

Amortization of debt financing costs
7.2

 
—

 
—

Changes in operating assets and liabilities
38.2

 
25.1

 
—

Net cash provided by (used) by operating activities
5.4

 
(6.1
)
 
—

 
 
 
 
 
 
Cash flows from investing activities:
 
 
 
 
 
Capital expenditures
(5.1
)
 
(4.4
)
 
—

Investments in and advances to consolidated subsidiaries
(5.1
)
 
(45.0
)
 
—

Other investing activities, net
—

 
—

 
(0.3
)
Net cash used by investing activities
(10.2
)
 
(49.4
)
 
(0.3
)
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
Borrowings of third-party debt
402.5

 
—

 
—

Capped calls
(45.6
)
 
—

 
—

Borrowings of related-party debt
123.4

 
—

 
105.6

Other financing activities, net
(0.8
)
 
0.1

 
—

Net cash provided by financing activities
479.5

 
0.1

 
105.6

 
 
 
 
 
 
Net increase (decrease) in cash, cash equivalents and restricted cash
474.7

 
(55.4
)
 
105.3

 
 
 
 
 
 
Cash, cash equivalents and restricted cash:
 
 
 
 
 
Beginning of year
49.9

 
105.3

 
—

End of year
$
524.6

 
$
49.9

 
$
105.3