Ownership / Frontier Communications Parent, Inc. | Tables in SEC filings

FYBR Frontier Communications Parent, Inc.

Quarterly report


	For the three months ended				For the nine months ended
	September 30,				September 30,
	2024		2023		2024		2023

Revenue	$	1,489	$	1,436	$	4,431	$	4,325

Operating expenses:
Cost of service		538		545		1,576		1,615
Selling, general, and administrative expenses		427		405		1,304		1,250
Depreciation and amortization		410		356		1,196		1,040
Restructuring costs and other charges		28		16		88		48
Total operating expenses		1,403		1,322		4,164		3,953


Operating income		86		114		267		372

Investment and other income, net (See Note 11)		29		67		117		101
Interest expense		(203)		(170)		(601)		(460)

Income (loss) before income taxes		(88)		11		(217)		13
Income tax expense (benefit)		(6)		-		(13)		1

Net income (loss)	$	(82)	$	11	$	(204)	$	12

Basic net earnings (loss) per share
attributable to Frontier common shareholders	$	(0.33)	$	0.05	$	(0.82)	$	0.05

Diluted net earnings (loss) per share
attributable to Frontier common shareholders	$	(0.33)	$	0.05	$	(0.82)	$	0.05

Total weighted average shares outstanding - basic		248,986		245,761		247,866		245,431

Total weighted average shares outstanding - diluted		248,986		247,447		247,866		247,336



	For the three months ended ‎September 30,				$ Increase		% Increase
($ in millions)	2024		2023		(Decrease)		(Decrease)
Consumer	$	789	$	787	$	2	0	%
Business and Wholesale		682		634		48	8	%
Revenue from contracts with customers (1)		1,471		1,421		50	4	%
Subsidy and other revenue		18		15		3	20	%
Total revenue	$	1,489	$	1,436	$	53	4	%

	For the nine months ended ‎September 30,				$ Increase		% Increase
($ in millions)	2024		2023		(Decrease)		(Decrease)
Consumer	$	2,365	$	2,323	$	42	2	%
Business and wholesale		2,018		1,944		74	4	%
Revenue from contracts with customers (1)		4,383		4,267		116	3	%
Subsidy and other revenue		48		58		(10)	(17)	%
Total revenue	$	4,431	$	4,325	$	106	2	%


($ in millions)	For the three months ended		For the nine months ended
Data and Internet services revenue, September 30, 2023	$	895	$	2,637
Change in fiber broadband revenue		77		233
Change in copper broadband revenue		(28)		(68)
Change in other data and internet services		60		132
Data and Internet services revenue, September 30, 2024	$	1,004	$	2,934



	For the nine months ended September 30, 2024
								Accumulated
				Additional				Other
	Common Stock			Paid-In		Retained		Comprehensive		Total
	Shares	Amount		Capital		Earnings		Income		Equity
Balance at January 1, 2024	245,813	$	2	$	4,297	$	884	$	96	$	5,279
Stock plans, net	2,734		-		(16)		-		-		(16)
Net income	-		-		-		1		-		1
Other comprehensive
loss, net of tax	-		-		-		-		(5)		(5)
Balance at March 31, 2024	248,547	$	2	$	4,281	$	885	$	91	$	5,259
Stock plans, net	415		-		5		-		-		5
Net loss	-		-		-		(123)		-		(123)
Other comprehensive
loss, net of tax	-		-		-		-		(4)		(4)
Balance at June 30, 2024	248,962	$	2	$	4,286	$	762	$	87	$	5,137
Stock plans	45		-		16		-		-		16
Net loss	-		-		-		(82)		-		(82)
Other comprehensive
income, net of tax	-		-		-		-		(5)		(5)
Balance at September 30, 2024	249,007	$	2	$	4,302	$	680	$	82	$	5,066


	For the three months ended September 30,				For the nine months ended September 30,
($ in millions)	2024		2023		2024		2023

Data and Internet services	$	1,004	$	895	$	2,934	$	2,637
Voice services		301		341		934		1,044
Video services		83		104		265		333
Other		83		81		250		253
Revenue from contracts with customers (1)		1,471		1,421		4,383		4,267
Subsidy and other revenue		18		15		48		58
Total revenue	$	1,489	$	1,436	$	4,431	$	4,325

	For the three months ended September 30,				For the nine months ended September 30,
($ in millions)	2024		2023		2024		2023

Consumer	$	789	$	787	$	2,365	$	2,323
Business and wholesale		682		634		2,018		1,944
Revenue from contracts with customers (1)		1,471		1,421		4,383		4,267
Subsidy and other revenue		18		15		48		58
Total revenue	$	1,489	$	1,436	$	4,431	$	4,325

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