NASDAQ$LILA

Liberty Latin America Ltd. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$1.1B

Previous: $975M+12.6%
EPS (adj)

-$0.12

Previous: $0.23-152.2%
Total Customers

3.2M

Previous: 3.2M+1.7%
Mobile Subscribers

4.5M

Previous: 3.7M+21.7%
Capital Expenditures

$188M

Previous: $229M-18.0%
Free Cash Flow

-$38.9M

Previous: $98.4M-139.5%
Net Income

-$29M

Previous: $42.3M-168.6%
Operating Income

$103M

Previous: $167M-38.2%
Gross Profit

$831M

Previous: $758M+9.7%
Cash & Equivalents

$894M

Previous: $1.18B-24.5%
Total Assets

$15.1B

Previous: $14.9B+0.9%
Stock-Based Comp

$22.2M

Previous: $12.3M+80.5%

Revenue & EPS history

Liberty Latin America · Revenue · Quarterly

$1.1B

Q4 2020+12.6%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

60%

25 / 42 earnings

Positive

+19.0%

Q2 2023

Best reaction

-29.4%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.3%-3.2%-2.8%
Q4 2025+3.6%+4.7%+1.0%
Q3 2025+7.6%+1.3%+12.6%
Q1 2025-15.1%-11.5%-8.7%
Q4 2024-5.3%-5.7%-6.7%
Q3 2024-17.6%-25.4%-31.6%
Q2 2024-7.3%-8.1%-4.0%
Q1 2024+5.8%+2.9%+10.7%
Q4 2023-7.7%-2.2%+2.5%
Q3 2023+8.9%+7.9%+8.3%
Q2 2023+19.0%+13.2%-3.0%
Q1 2023+1.0%-6.9%+3.6%
Q4 2022+7.6%+2.3%-8.1%
Q3 2022-10.2%-2.2%-14.8%
Q2 2022+3.6%+1.2%-6.4%
Q1 2022-6.5%-16.1%-3.0%
Q4 2021-3.9%-6.8%-11.7%
Q3 2021+2.0%+4.5%-10.8%
Q2 2021+8.0%+3.7%+7.2%
Q1 2021+2.9%-0.6%+2.8%
Q4 2020+13.4%+18.5%+19.4%
Q3 2020-2.0%+3.6%+13.3%
Q2 2020-9.9%-2.7%-3.2%
Q1 2020-8.8%-4.6%-0.6%
Q4 2019+10.3%+5.0%-45.3%
Q3 2019-0.4%-6.4%-12.2%
Q2 2019+8.4%+8.7%+8.2%
Q1 2019-8.5%-11.0%-17.5%
Q4 2018+2.3%+2.8%+6.4%
Q3 2018+6.2%-0.2%-9.1%
Q2 2018-1.2%-3.1%+5.9%
Q1 2018+2.0%+2.8%+5.9%
Q4 2017+5.5%+5.5%-3.9%
Q3 2017+3.3%+0.8%-1.0%
Q2 2017+1.0%+2.5%-3.2%
Q1 2017+6.5%+1.4%+3.9%
Q4 2016+15.2%+18.9%+0.9%
Q3 2016-29.4%-25.1%-22.0%
Q2 2016-7.7%-15.7%-19.1%
Q1 2016+3.5%
Q4 2015+3.0%
Q3 2015+0.9%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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