10-Q Filing

FRONTIER COMMUNICATIONS PARENT, INC. CIK: 20520 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001562762-22-000224`
Period End Date	20220331
Filing Date	20220506
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	fybr-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$65.00M	USD	Point-in-time
Allowances for accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$57.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.13B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.75B	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	244.42M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$900.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	244.48M	shares	Point-in-time
Accounts receivable, less allowances of $65 and $57, respectively	`AccountsReceivableNetCurrent`	$458.00M	USD	Point-in-time
Accounts receivable, less allowances of $65 and $57, respectively	`AccountsReceivableNetCurrent`	$397.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	244.42M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	244.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$73.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$60.00M	USD	Point-in-time
Income taxes and other current assets	`OtherAssetsCurrent`	$30.00M	USD	Point-in-time
Income taxes and other current assets	`OtherAssetsCurrent`	$31.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.69B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.69B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.57B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.20B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.15B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.23B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$367.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$345.00M	USD	Point-in-time
Total assets	`Assets`	$16.48B	USD	Point-in-time
Total assets	`Assets`	$16.75B	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Long-term debt due within one year	`LongTermDebtCurrent`	$15.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$535.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$694.00M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityAdvancedBillingsCurrent`	$197.00M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityAdvancedBillingsCurrent`	$202.00M	USD	Point-in-time
Accrued other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$178.00M	USD	Point-in-time
Accrued other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$183.00M	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$153.00M	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$76.00M	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities`	$46.00M	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities`	$46.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$425.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$399.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$412.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$387.00M	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.58B	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.67B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$403.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$415.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.96B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.97B	USD	Point-in-time
Total liabilities	`Liabilities`	$12.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.88B	USD	Point-in-time
Common stock, $0.01 par value (1,750,000 authorized shares, 244,476 and 244,416 shares issued and 244,476 and 244,416 shares outstanding at March 31, 2022 and December 31, 2021, respectively)	`CommonStockValue`	$2.00M	USD	Point-in-time
Common stock, $0.01 par value (1,750,000 authorized shares, 244,476 and 244,416 shares issued and 244,476 and 244,416 shares outstanding at March 31, 2022 and December 31, 2021, respectively)	`CommonStockValue`	$2.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.14B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.12B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$479.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$60.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.68B	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.60B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.75B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.48B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.