Frontier Communications Corporation (FTR) financial statements (2021 and earlier)

Company profile

Business Address 401 MERRITT 7
NORWALK, CT 06851
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,7672,290941 
Cash and cash equivalents 1,7672,290941 
Receivables 562602596 
Prepaid expense 10514798 
Capitalized contract cost 100101105 
Disposal group, including discontinued operation   1,406 
Other current assets 1047956 
Total current assets: 2,6383,2193,202 
Noncurrent Assets
Property, plant and equipment 12,85812,84512,890 
Intangible assets, net (including goodwill) (8,397)(8,316)(8,233) 
Goodwill (9,154)(9,154)(9,154) 
Intangible assets, net (excluding goodwill) 757838921 
Contract with customer, asset, net 888 
Other noncurrent assets 534565475 
Other undisclosed noncurrent assets 9,1469,1469,146 
Total noncurrent assets: 14,14914,24814,286 
TOTAL ASSETS: 16,78717,46717,488 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8588101,228 
Accounts payable 564534357 
Employee-related liabilities 434343 
Taxes payable 238216209 
Interest and dividends payable 1317619 
Deferred revenue 595146 
Debt 5,7016,44617,306 
Disposal group, including discontinued operation   115 
Other liabilities 339322359 
Other undisclosed current liabilities 155183175 
Total current liabilities: 7,1127,81219,229 
Noncurrent Liabilities
Liabilities, other than long-term debt 3,0333,1752,752 
Deferred revenue 1920  
Deferred income tax liabilities 327311477 
Liability, pension and other postretirement and postemployment benefits 2,2932,4381,864 
Other liabilities 394406411 
Other undisclosed noncurrent liabilities 11,56811,577  
Total noncurrent liabilities: 14,60114,7522,752 
Total liabilities: 21,71322,56421,981 
Stockholders' equity
Stockholders' equity attributable to parent (4,926)(5,097)(4,493) 
Common stock 272727 
Treasury stock, value (14)(13)(13) 
Additional paid in capital 4,8184,8164,816 
Accumulated other comprehensive loss (832)(987)(564) 
Accumulated deficit (8,925)(8,940)(8,759) 
Total stockholders' equity: (4,926)(5,097)(4,493) 
TOTAL LIABILITIES AND EQUITY: 16,78717,46717,488 

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Revenues(5,460)1,7261,8011,933(6,165)
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (16)(10)(14) 
Gross profit: 1,7101,7911,919 
Operating expenses (1,456)(1,661)(1,661) 
Other undisclosed operating income 161014 
Operating income: 270140272 
Nonoperating income (expense) (14)(20)5 
Other nonoperating income (expense) 2(2)2 
Interest and debt expense  (160)(383) 
Other undisclosed loss from continuing operations before equity method investments, income taxes (252)(198)(103) 
Income (loss) from continuing operations before income taxes: 4(238)(209) 
Income tax benefit 115723 
Net income (loss) available to common stockholders, diluted: 15(181)(186) 

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
Net income (loss): 15(181)(186) 
Comprehensive income (loss): 15(181)(186) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 155(423)86 
Comprehensive income (loss), net of tax, attributable to parent: 170(604)(100) 

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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