Company profile

Balan Nair
Incorporated in
Fiscal year end
Former names
LatAm Splitco Ltd.

LILAK stock data



5 May 20
5 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 931M 974.6M 966.8M 982.9M
Net income -184.6M 39.7M -69.7M -111.2M
Diluted EPS -0.99 0.23 0.19 -0.64
Net profit margin -19.83% 4.07% -7.21% -11.31%
Operating income 107.8M 166.7M -69.7M 143.5M
Net change in cash 409.5M 179.7M 46.7M 388.6M
Cash on hand 1.59B 1.18B 1B 957.4M
Cost of revenue 210.8M 216.5M 218.5M 226.4M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 3.87B 3.71B 3.59B 2.72B
Net income -182.4M -635.8M -798.7M -404M
Diluted EPS -0.44 -1.99 -4.53 -3.44
Net profit margin -4.72% -17.16% -22.25% -14.83%
Operating income 353.8M -23.6M -162.9M 315.3M
Net change in cash 552.8M 101.1M -50.9M
Cash on hand 1.18B 631M 529.9M 580.8M
Cost of revenue 889.2M 889.8M 876.2M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Angoitia Alfonso De Class C Common Shares Grant Aquire A No 9.44 756 7.14K 17,590
30 Jun 20 Angoitia Alfonso De Class A Common Shares Grant Aquire A No 9.72 378 3.67K 8,795
30 Jun 20 Zinterhofer Eric Louis Class C Common Shares Grant Aquire A No 9.44 756 7.14K 17,518
30 Jun 20 Zinterhofer Eric Louis Class A Common Shares Grant Aquire A No 9.72 378 3.67K 8,759
30 Jun 20 Paul A Gould Class C Common Shares Grant Aquire A No 9.44 1,106 10.44K 196,034
30 Jun 20 Paul A Gould Class A Common Shares Grant Aquire A No 9.72 553 5.38K 110,163
30 Jun 20 Paddick Brendan J Class C Common Shares Grant Aquire A No 9.44 756 7.14K 1,306,649
30 Jun 20 Paddick Brendan J Class A Common Shares Grant Aquire A No 9.72 378 3.67K 603,324
13 May 20 Balan Nair Class A Common Shares Buy Aquire P No 8.7012 11,500 100.06K 249,027
13F holders
Current Prev Q Change
Total holders 200 183 +9.3%
Opened positions 49 28 +75.0%
Closed positions 32 29 +10.3%
Increased positions 91 47 +93.6%
Reduced positions 40 64 -37.5%
13F shares
Current Prev Q Change
Total value 1.67B 2.26B -26.2%
Total shares 147.73M 115.8M +27.6%
Total puts 56.5K 500 +11200.0%
Total calls 260.4K 67.7K +284.6%
Total put/call ratio 0.2 0.0 +2837.8%
Largest owners
Shares Value Change
Genesis Investment Management 16.78M $160.73M +39.4%
Ashe Capital Management 13.12M $135.79M +75.9%
BLK BlackRock 11.34M $117.17M +38.1%
Searchlight Capital Partners 11.01M $113.01M +0.2%
N Price T Rowe Associates 7.31M $75M -11.9%
Dimensional Fund Advisors 6.77M $70M +59.5%
Fine Capital Partners 4.53M $46.45M 0.0%
River Road Asset Management 4.52M $46.66M +0.2%
GS The Goldman Sachs Group, Inc. 4.11M $42.23M +17.6%
BRK.A Berkshire Hathaway 3.91M $40.85M +204.9%
Largest transactions
Shares Bought/sold Change
Ashe Capital Management 13.12M +5.66M +75.9%
Genesis Investment Management 16.78M +4.75M +39.4%
BLK BlackRock 11.34M +3.13M +38.1%
BRK.A Berkshire Hathaway 3.91M +2.63M +204.9%
Dimensional Fund Advisors 6.77M +2.53M +59.5%
JPM JPMorgan Chase & Co. 2.47M +1.71M +222.8%
IVZ Invesco 674.23K -1.47M -68.5%
BEN Franklin Resources 3.33M +1.46M +78.6%
S&co 1.37M +1.37M NEW
Norges Bank 0 -1.28M EXIT

Financial report summary

  • We operate in increasingly competitive markets, and there is a risk that we will not be able to effectively compete with other service providers.
  • Changes in technology may limit the competitiveness of and demand for our services.
  • Our significant property and equipment additions may not generate a positive return.
  • We depend almost exclusively on our relationships with third-party programming providers and broadcasters for programming content, and a failure to acquire a wide selection of popular programming on acceptable terms could adversely affect our business.
  • We depend on third-party suppliers and licensors to supply and maintain necessary equipment, software and certain services required for our businesses.
  • Failure in our technology or telecommunications systems from security attacks or natural disasters could significantly disrupt our operations, which could reduce our customer base and result in lost revenue.
  • Cyberattacks or other network disruptions could have an adverse effect on our business.
  • Unauthorized access to our network resulting in piracy could result in a loss of revenue.
  • If we are unable to retain key employees, our ability to manage our business could be adversely affected.
  • We may not have sufficient insurance to cover damage due to natural catastrophe claims and future claims either due to coverage limits or as a result of insurance carriers seeking to deny coverage of such claims, which in either case could expose us to significant liabilities.
  • Data privacy regulations are expanding and compliance with, and any violations of, these regulations may cause us to incur significant expenses.
  • Our businesses are conducted almost exclusively outside of the U.S., which gives rise to numerous operational risks.
  • We are exposed to foreign currency exchange rate risk.
  • Failure to comply with economic and trade sanctions, and similar laws could have a materially adverse effect on our reputation, results of operations or financial condition, or have other adverse consequences.
  • Our businesses are subject to risks of adverse regulation.
  • Changes to existing legislation and new legislation may significantly alter the regulatory regime applicable to us, which could adversely affect our competitive position and profitability, and we may become subject to more extensive regulation if we are deemed to possess significant market power in any of the markets in which we operate.
  • We may not be successful in acquiring future spectrum or other licenses that we need to offer new mobile data or other services.
  • We cannot be certain that we will be successful in acquiring new businesses or integrating acquired businesses with our existing operations, or that we will achieve the expected returns on our acquisitions.
  • We may not be successful in renewing the necessary regulatory licenses, concessions or other operating agreements needed to operate our businesses upon expiration, and such licenses may be subject to termination, revocation or material alteration in the event of a breach or to promote the public interest or as a result of triggering a change of control clause.
  • We do not have complete control over the prices that we charge.
  • Strikes, work stoppages and other industrial actions could disrupt our operations or make it more costly to operate our businesses.
  • We may have exposure to additional tax liabilities.
  • Our substantial leverage could limit our ability to obtain additional financing and have other adverse effects.
  • We may not be able to generate sufficient cash to meet our debt service obligations.
  • Certain of our subsidiaries are subject to various debt instruments that contain restrictions on how we finance our operations and operate our businesses, which could impede our ability to engage in beneficial transactions.
  • We are exposed to interest rate risks and other adverse changes in the credit market. Shifts in such rates may adversely affect the debt service obligation of our subsidiaries.
  • We are subject to increasing operating costs and inflation risks, which may adversely affect our results of operations.
  • Uncertainties and challenging conditions in the global economy and in the countries in which we operate may adversely impact our business, financial condition and results of operations.
  • We are exposed to sovereign debt and currency instability risks that could have an adverse impact on our liquidity, financial condition and cash flows.
  • We are exposed to the risk of default by the counterparties to our derivative and other financial instruments, undrawn debt facilities and cash investments.
  • The liquidity and value of our interests in certain of our partially-owned subsidiaries, as well as the ability to make decisions related to their operations, may be adversely affected by shareholder agreements and similar agreements to which we are a party.
  • Goodwill and other identifiable intangible assets represent a significant portion of our total assets, and we may never realize the full value of our intangible assets.
  • We are a holding company, and we could be unable in the future to obtain cash in amounts sufficient to service our financial obligations or meet our other commitments.
  • Different classes of our common shares have different voting rights, but all common shares vote together as one class; if you hold Class C common shares you will have no significant voting rights.
  • It may be difficult for a third-party to acquire us, even if doing so may be beneficial to our shareholders.
  • We may be significantly influenced by one principal shareholder, and he may sell his shares, which may cause the price of our common shares to decrease.
  • Bermuda law may, in certain circumstances, afford less protection to our shareholders than the laws in effect in other jurisdictions.
  • We are a Bermuda company and it may be difficult for you to enforce judgments against us or our directors and executive officers.
  • Our bye-laws generally restrict shareholders from bringing legal action against our officers and directors.
  • There are regulatory limitations on the ownership and transfer of our common shares.
Management Discussion
  • The comparability of our operating results during 2019 and 2018 is affected by acquisitions, a disposal and FX effects. As we use the term, organic changes exclude FX and the impacts of acquisitions and disposals, each as further discussed below.
  • In the following discussion, we quantify the estimated impact on the operating results of the periods under comparison that is attributable to acquisitions and disposals. With respect to acquisitions, organic changes and the calculations of our organic change percentages exclude the operating results of an acquired entity during the first 12 months following the date of acquisition. With respect to disposals, the prior-year operating results of disposed entities are excluded from organic changes and the calculations of our organic change percentages to the same extent that those operations are not included in the current year.
  • Changes in foreign currency exchange rates may have a significant impact on our operating results, as VTR, Cabletica and certain entities within C&W have functional currencies other than the U.S. dollar. Our primary exposure to FX risk is to the Chilean peso as a significant portion of our revenue is derived from VTR. The impacts to the various components of our results of operations that are attributable to changes in FX are highlighted below. For information concerning our foreign currency risks and applicable foreign currency exchange rates, see Item 7A. Quantitative and Qualitative Disclosures About Market Risk—Foreign Currency Risk below. For information regarding foreign currency risk and implications resulting from the political unrest in Chile, see Item 1A. Risk Factors and Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview each set forth above.
Content analysis ?
H.S. sophomore Good
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