Company research
Frontier Communications Parent, Inc.
CIK 20520Updated Sep 25, 2026
SecurityFYBR · NYSE_AMERICAN · equity
Name history
FRONTIER COMMUNICATIONS CORP · through May 3, 2021CITIZENS COMMUNICATIONS CO · through Jul 21, 2008CITIZENS UTILITIES CO · through Mar 22, 2000
FYBR price & chart
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Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 20,614,000,000Source | 20,693,000,000Source | 18,624,000,000Source | 16,481,000,000Source |
| Property, Plant and Equipment, NetUSD | 15,678,000,000Source | 13,933,000,000Source | 11,850,000,000Source | 9,199,000,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,264,000,000Source | 3,585,000,000Source | 3,906,000,000Source | 4,227,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 750,000,000Source | 1,125,000,000Source | 322,000,000Source | 2,127,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 379,000,000Source | 446,000,000Source | 438,000,000Source | 458,000,000Source |
| Assets, CurrentUSD | 1,260,000,000Source | 2,781,000,000Source | 2,597,000,000Source | 2,688,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 194,000,000Source | 181,000,000Source | 187,000,000Source | 200,000,000Source |
| Other Assets, NoncurrentUSD | 412,000,000Source | 394,000,000Source | 271,000,000Source | 367,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,673,000,000Source | 15,414,000,000Source | 13,490,000,000Source | 11,881,000,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 3,000,000Source | 2,000,000Source | 2,000,000Source | 2,000,000Source |
| Retained Earnings (Accumulated Deficit)USD | 562,000,000Source | 884,000,000Source | 855,000,000Source | 414,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 77,000,000Source | 96,000,000Source | 79,000,000Source | 60,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,941,000,000Source | 5,279,000,000Source | 5,134,000,000Source | 4,600,000,000Source |
| Additional Paid in Capital, Common StockUSD | 4,299,000,000Source | 4,297,000,000Source | 4,198,000,000Source | 4,124,000,000Source |
| Liabilities and EquityUSD | 20,614,000,000Source | 20,693,000,000Source | 18,624,000,000Source | 16,481,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,289,000,000Source | 2,275,000,000Source | 2,295,000,000Source | 1,451,000,000Source |
| Accounts Payable, CurrentUSD | 758,000,000Source | 857,000,000Source | 1,410,000,000Source | 535,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 609,000,000Source | 643,000,000Source | 558,000,000Source | 387,000,000Source |
| Other Liabilities, NoncurrentUSD | 633,000,000Source | 553,000,000Source | 483,000,000Source | 403,000,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 609,000,000Source | 643,000,000Source | 558,000,000Source | 387,000,000Source |
| Long-term Debt, Current MaturitiesUSD | 10,000,000Source | 15,000,000Source | 15,000,000Source | 15,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 11,551,000,000Source | 11,246,000,000Source | 9,110,000,000Source | 7,968,000,000Source |
| Short-term InvestmentsUSD | — | 1,075,000,000Source | 1,750,000,000Source | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,625,000,000Source | 1,415,000,000Source | 1,182,000,000Source | 1,598,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 68,000,000Source | 108,000,000Source | 82,000,000Source | 3,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -28,000,000Source | 43,000,000Source | 7,000,000Source | -73,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -28,000,000Source | 78,000,000Source | 165,000,000Source | -91,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,621,000,000Source | 1,344,000,000Source | 1,401,000,000Source | 1,989,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,681,000,000Source | -2,556,000,000Source | -4,468,000,000Source | -19,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -7,000,000Source | -6,000,000Source | -7,000,000Source | -4,000,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 65,000,000Source | 9,000,000Source | 8,000,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -268,000,000Source | 2,129,000,000Source | 1,211,000,000Source | -893,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -16,000,000Source | — | -1,000,000Source | -2,000,000Source |
| Repayments of Long-term DebtUSD | 412,000,000Source | 68,000,000Source | 14,000,000Source | 4,948,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 911,000,000Source | 1,239,000,000Source | 322,000,000Source | 1,887,000,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 835,000,000Source | 711,000,000Source | 512,000,000Source | 612,000,000Source |
| Income Taxes Paid, NetUSD | -10,000,000Source | — | 8,000,000Source | 8,000,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | — | — | — | 15,000,000Source |
| Amortization of Intangible AssetsUSD | 321,000,000Source | 321,000,000Source | 321,000,000Source | 343,000,000Source |
| DepreciationUSD | 1,304,000,000Source | 1,094,000,000Source | 861,000,000Source | 1,255,000,000Source |
| Gain (Loss) on Disposition of BusinessUSD | — | — | — | -162,000,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | 10,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | -72,000,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | — |
| Income Tax Expense (Benefit)USD | -24,000,000Source | 88,000,000Source | 158,000,000Source | -84,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -322,000,000Source | 29,000,000Source | 441,000,000Source | -402,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -322,000,000Source | 29,000,000Source | 441,000,000Source | -402,000,000Source |
| Other Nonoperating Income (Expense)USD | — | -18,000,000Source | -11,000,000Source | -4,000,000Source |
| Payments of Financing CostsUSD | 31,000,000Source | 62,000,000Source | 17,000,000Source | 121,000,000Source |
| Payments to Acquire InvestmentsUSD | — | — | 4,350,000,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | 750,000,000Source | 2,278,000,000Source | 1,200,000,000Source | 4,950,000,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 5,873,000,000Source | 5,676,000,000Source | 5,733,000,000Source | 6,781,000,000Source |
| Cost of RevenueUSD | 2,110,000,000Source | 2,125,000,000Source | 2,169,000,000Source | 975,000,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 1,725,000,000Source | 1,646,000,000Source | 1,745,000,000Source | 1,648,000,000Source |
| Operating Income (Loss)USD | 353,000,000Source | 492,000,000Source | 592,000,000Source | 959,000,000Source |
| Other Nonoperating Income (Expense)USD | — | -18,000,000Source | -11,000,000Source | -4,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -346,000,000Source | 117,000,000Source | 599,000,000Source | — |
| Income Tax Expense (Benefit)USD | -24,000,000Source | 88,000,000Source | 158,000,000Source | -84,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | -322,000,000Source | 29,000,000Source | 441,000,000Source | -402,000,000Source |
| Earnings Per Share, BasicUSD per share | -1.3Source | 0.12Source | 1.8Source | -3.85Source |
| Earnings Per Share, DilutedUSD per share | -1.3Source | 0.12Source | 1.8Source | -3.85Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 248,184,000Source | 245,517,000Source | 244,781,000Source | 104,467,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 248,184,000Source | 248,459,000Source | 245,280,000Source | 104,467,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 321,000,000Source | 321,000,000Source | 321,000,000Source | 343,000,000Source |
| Costs and ExpensesUSD | 5,584,000,000Source | 5,259,000,000Source | 5,195,000,000Source | 6,196,000,000Source |
| Current Income Tax Expense (Benefit)USD | 4,000,000Source | 10,000,000Source | -7,000,000Source | 7,000,000Source |
| Interest ExpenseUSD | 804,000,000Source | 653,000,000Source | 492,000,000Source | 762,000,000Source |
| Lease IncomeUSD | 52,000,000Source | 62,000,000Source | 63,000,000Source | 67,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -322,000,000Source | 29,000,000Source | 441,000,000Source | -402,000,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 12,000,000Source | — | 55,000,000Source | 159,000,000Source |