Frontier Communications Parent, Inc. (FYBR) Financial Statements
Frontier Communications Parent financial statements at a glance
Frontier Communications Parent reported revenue of $5.87 billion for fiscal year 2024 (ended December 31, 2024), up 3.5% from fiscal year 2023. Net income was -$322.00 million, a net margin of 5.5% loss.
At the end of fiscal year 2024 it had total assets of $20.61 billion, total liabilities of $15.67 billion and shareholders' equity of $4.94 billion, with cash and short-term investments of $750.00 million and total debt of $11.56 billion.
Its operations brought in $1.62 billion of cash; capital spending was $2.78 billion, leaving free cash flow of -$1.16 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2024.
Frontier Communications Parent, Inc.
Income Statement
Annual • USD
Frontier Communications Parent key figures by fiscal year
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Revenue | $5.9B | $5.7B | $5.7B | – | $7.2B |
| Gross profit | $3.8B | $3.6B | $3.6B | – | $4.5B |
| Operating income | $477.0M | $565.0M | $691.0M | – | $1.2B |
| Net income | -$322.0M | $29.0M | $441.0M | – | -$402.0M |
| Diluted EPS | – | $0.12 | $1.80 | – | -$1.64 |
| Total assets | $20.6B | $20.7B | $18.6B | $16.5B | $16.8B |
| Total liabilities | $15.7B | $15.4B | $13.5B | $11.9B | $21.7B |
| Shareholders' equity | $4.9B | $5.3B | $5.1B | $4.6B | -$4.9B |
| Cash and short-term investments | $750.0M | $2.2B | $2.1B | $2.1B | $1.8B |
| Total debt | $11.6B | $11.3B | $9.1B | $8.0B | $5.8B |
| Operating cash flow | $1.6B | $1.3B | $1.4B | – | $2.0B |
| Capital spending | $2.8B | $3.2B | $2.7B | – | $1.2B |
| Free cash flow | -$1.2B | -$1.9B | -$1.3B | – | $808.0M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was Frontier Communications Parent's revenue in fiscal year 2024?
$5.87 billion, up 3.5% from $5.68 billion in fiscal year 2023.
How much profit does Frontier Communications Parent make?
Frontier Communications Parent reported net income of -$322.00 million for fiscal year 2024 (5.5% of revenue); operating income was $477.00 million.
How much cash and debt does Frontier Communications Parent have?
At the end of fiscal year 2024: cash and short-term investments of $750.00 million and total debt of $11.56 billion.
What is Frontier Communications Parent's free cash flow?
-$1.16 billion in fiscal year 2024 (operating cash flow of $1.62 billion minus capital spending of $2.78 billion).
