Fairpoint Communications Inc (FRP) financial statements (2021 and earlier)

Company profile

Business Address 521 EAST MOREHEAD ST
CHARLOTTE, NC 28202
State of Incorp. DE
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39353341232717
Cash and cash equivalents39353341232717
Receivables61626361636065
Prepaid expense23242427262428
Other current assets5544455
Other undisclosed current assets      15
Total current assets:127127124133116116129
Noncurrent Assets
Property, plant and equipment9941,0241,0421,0651,0901,1191,139
Intangible assets, net (including goodwill)73767978818487
Intangible assets, net (excluding goodwill)73767978818487
Regulated entity, other noncurrent assets      5
Restricted cash and investments1111111
Other noncurrent assets3333333
Other undisclosed noncurrent assets      (5)
Total noncurrent assets:1,0711,1041,1251,1471,1751,2061,229
TOTAL ASSETS:1,1981,2311,2491,2791,2911,3231,358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74847786818584
Accrued liabilities51485252535051
Employee-related liabilities20262224252529
Interest and dividends payable3103103103
Debt8888777
Asset retirement obligation 0   1 
Deferred revenue and credits 18   20 
Customer advances and deposits3 333 2
Other undisclosed current liabilities269262626828
Total current liabilities:111119113123117120121
Noncurrent Liabilities
Long-term debt and lease obligation89919009009011902
Long-term debt, excluding current maturities898 899899900 901
Capital lease obligations1111111
Liabilities, other than long-term debt262266276280290302310
Deferred tax liabilities, net26282317243540
Liability, pension and other postretirement and postemployment benefits219222237243246245246
Other liabilities16161719212324
Other undisclosed noncurrent liabilities 898   900 
Total noncurrent liabilities:1,1611,1651,1771,1801,1911,2041,212
Total liabilities:1,2721,2851,2901,3031,3081,3241,333
Stockholders' equity
Stockholders' equity attributable to parent(74)(54)(41)(24)(17)(1)25
Common stock0000000
Additional paid in capital529528526525524522521
Accumulated other comprehensive income252252110148184254
Accumulated deficit(627)(603)(620)(660)(689)(708)(750)
Total stockholders' equity:(74)(54)(41)(24)(17)(1)25
TOTAL LIABILITIES AND EQUITY:1,1981,2311,2491,2791,2911,3231,358

Income statement (P&L) ($ in millions)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Revenues
(Revenue, Net)
202204207207207210222
Cost of revenue(155) (83)(95)(111) (99)
Other undisclosed gross profit 288   378 
Gross profit:4749212411296588122
Operating expenses(51)(450)(46)(49)(49)(525)(50)
Operating income (loss):(4)427862476372
Nonoperating expense(20)(21)(21)(20)(20)(21)(20)
Other nonoperating expense(20) (21)(20)(20) (20)
Interest and debt expense(20)(21)(21)(21)(21)(21)(20)
Income (loss) from continuing operations before equity method investments, income taxes:(44)0372162132
Other undisclosed income from continuing operations before income taxes20212121212120
Income (loss) from continuing operations before income taxes:(24)215742274252
Income tax expense (benefit)0(5)(17)(12)(8)01
Net income (loss) available to common stockholders, diluted:(24)164029194253

Comprehensive Income ($ in millions)

3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Net income (loss):(24)164029194253
Other comprehensive income (loss)3(30)(58)(37)(36)(70)(42)
Comprehensive income (loss), net of tax, attributable to parent:(21)(14)(18)(8)(18)(28)11

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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