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Dec 31, 2020
Liberty Latin America Q4 2020 Earnings Report
Liberty Latin America's financial and operating results improved sequentially in the seasonally strong fourth quarter, with robust cash flow from operations and Adjusted FCF delivered in 2020.
Key Takeaways
Liberty Latin America reported improved financial and operating results in Q4 2020, driven by growing demand for high-speed broadband services and subscriber additions across C&W segments and Puerto Rico. The company's markets are steadily recovering from the adverse impacts of COVID-19, and they delivered robust, positive adjusted free cash flow in 2020.
Operating and financial results continued to improve in the seasonally strong fourth quarter.
Over 90,000 organic RGUs were added in aggregate across C&W segments and Puerto Rico, nearly 70% more adds than Q4 2019.
In Chile, subscriber losses were halved in Q4 compared to Q3, as network performance stabilized and investments were made in customer service initiatives.
Businesses acquired from AT&T finished the year well with integration plans on track.
Revenue by Geographic Location
Forward Guidance
Liberty Latin America provided 2021 financial guidance, including P&E additions as a percentage of revenue of approximately 18%, approximately 600,000 homes passed added or upgraded, and approximately $200 million of Adjusted FCF.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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