10-Q Filing

FRONTIER COMMUNICATIONS PARENT, INC. CIK: 20520 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001562762-22-000345`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	fybr-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 1 Cash Flow Statement 2

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.00M	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`	$678.00M	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
Short-term investments	`ShortTermInvestments`	$2.30B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	244.42M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	244.97M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	244.97M	shares	Point-in-time
Accounts receivable, less allowances of $45 and $57, respectively	`AccountsReceivableNetCurrent`	$458.00M	USD	Point-in-time
Accounts receivable, less allowances of $45 and $57, respectively	`AccountsReceivableNetCurrent`	$420.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	244.42M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$73.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$79.00M	USD	Point-in-time
Income taxes and other current assets	`OtherAssetsCurrent`	$25.00M	USD	Point-in-time
Income taxes and other current assets	`OtherAssetsCurrent`	$30.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.50B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.69B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.20B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.11B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.23B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$4.07B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$367.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$358.00M	USD	Point-in-time
Total assets	`Assets`	$16.48B	USD	Point-in-time
Total assets	`Assets`	$18.04B	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`	$818.00M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityAdvancedBillingsCurrent`	$197.00M	USD	Point-in-time
Advanced billings	`ContractWithCustomerLiabilityAdvancedBillingsCurrent`	$199.00M	USD	Point-in-time
Accrued other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$183.00M	USD	Point-in-time
Accrued other taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$174.00M	USD	Point-in-time
Accrued interest	`InterestAndDividendsPayableCurrent`	$120.00M	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`	$407.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$399.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.45B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$481.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$387.00M	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.67B	USD	Point-in-time
Pension and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.43B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$403.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$422.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$9.13B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$7.97B	USD	Point-in-time
Total liabilities	`Liabilities`	$11.88B	USD	Point-in-time
Total liabilities	`Liabilities`	$13.24B	USD	Point-in-time
Common stock, $0.01 par value (1,750,000 authorized shares, 244,969 and 244,416 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively)	`CommonStockValue`	$2.00M	USD	Point-in-time
Common stock, $0.01 par value (1,750,000 authorized shares, 244,969 and 244,416 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively)	`CommonStockValue`	$2.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.15B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.12B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$580.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$62.00M	USD	Point-in-time
Accumulated other comprehensive income, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$60.00M	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.60B	USD	Point-in-time
Total equity	`StockholdersEquity`	$4.80B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$18.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.48B	USD	Point-in-time

Income Statement 1 line items

Line Item	Tag	Value	Unit	Period
Restructuring costs and other charges	`RestructuringCharges`	$11.00M	USD	1 Quarter

Cash Flow Statement 2 line items

Line Item	Tag	Value	Unit	Period
Bad debt expense	`ProvisionForDoubtfulAccounts`	$14.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.09B	USD	2 Qtrs

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