Frontier communications corporation (FTR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenue

1,933

1,942

1,997

2,067

2,101

2,124

2,126

2,162

2,199

2,217

2,251

2,304

2,356

2,409

2,524

2,608

1,355

1,413

1,424

1,368

1,371

1,330

1,141

1,147

1,154

1,180

1,185

1,190

1,205

1,232

1,252

1,258

1,268

1,283

1,290

1,322

1,346

1,358

1,402

516

519

526

532

Operating expenses:
Network access expenses

286

-

307

318

338

-

353

369

372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Network access expenses

-

-

-

-

-

-

-

-

-

388

390

408

411

417

440

453

160

165

159

161

155

144

108

106

107

110

103

107

109

108

102

115

115

120

119

126

151

140

136

53

53

54

59

Network related expenses

444

445

464

445

456

461

476

478

483

490

498

477

493

477

527

546

326

318

331

313

325

320

276

259

263

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

444

458

445

445

456

441

445

460

469

457

487

531

542

546

582

596

357

341

344

331

330

298

257

265

266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

549

534

541

-

572

539

551

548

571

578

580

614

614

189

193

192

192

Depreciation and amortization

415

420

422

454

484

492

471

486

505

514

539

552

579

562

578

575

316

319

325

335

341

323

261

274

281

282

285

297

303

304

298

307

357

341

351

358

351

352

339

99

101

103

132

Goodwill impairment

-

-

276

5,449

-

-

400

-

-

-

-

670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of Northwest Operations

-24

-

-30

-384

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related costs and integration costs incurred to effect a business combination which costs have been expensed during the period. Acquisition costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees. Integration costs could include business integration costs, systems integration and conversion costs, and severance and other employee-related costs.

-

-

-

-

-

-

-

-

-

10

1

12

2

49

122

127

138

86

58

35

57

70

42

19

11

-

-

-

-

13

4

28

35

-

-

-

-

-

-

-

10

3

10

Pension settlement costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs and other charges

48

-

27

31

28

-

14

2

4

-

14

29

12

-

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Integration costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

20

13

-

78

36

-

-

-

Total operating expenses

1,661

-

1,971

7,526

1,762

-

2,159

1,795

1,833

-

1,929

2,679

2,039

-

2,260

2,297

1,297

-

1,217

1,175

1,208

-

944

923

928

-

979

938

954

996

977

990

1,059

1,052

1,110

1,083

1,096

1,119

1,168

379

357

354

395

Operating income

272

221

26

-5,459

339

127

-33

367

366

-1,747

322

-375

317

278

264

311

58

182

207

193

163

173

197

224

226

257

206

266

250

235

275

267

208

230

180

238

250

239

234

136

161

172

136

Investment and other income (loss), net

5

-

-10

-9

-9

-

3

5

8

-

4

-

-

-10

3

0

11

4

1

1

1

13

25

0

1

-0

1

2

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension settlement costs

103

-

-

-

-

-

9

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension settlement costs

-

-

-

-

-

-

-

-

-

6

15

19

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9

2

-0

-0

0

3

0

0

3

2

0

1

Loss on extinguishment of debt

-

0

0

0

-20

1

-2

0

33

-

1

-90

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-159

-

-

-0

-70

-

-

0

0

-

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-1

3

-

1

-0

6

0

2

6

4

5

3

Interest expense

383

391

382

383

379

388

389

385

374

377

381

388

388

386

386

386

373

362

246

260

245

188

170

167

171

165

163

166

171

178

172

172

164

165

165

166

167

167

166

93

93

96

98

Loss before income taxes

-209

-236

-366

-5,851

-69

-270

-430

-38

33

-2,132

-69

-872

-114

-118

-126

-75

-304

-176

-38

-66

-81

-2

52

57

56

92

43

-57

84

38

107

33

49

66

15

71

92

72

70

52

75

81

42

Income tax (benefit) expense

-23

-74

-21

-534

18

-51

-4

-20

13

-1,103

-31

-210

-39

-38

-46

-48

-118

-73

-24

-38

-30

-16

10

19

17

25

8

-18

33

9

35

11

18

21

-6

37

36

26

40

16

32

29

14

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

35

-38

50

29

71

21

30

45

22

33

56

46

29

35

43

52

28

Less: Income attributable to the noncontrolling interest in a partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

3

-

1

1

1

0

0

0

0

0

0

Net loss

-186

-162

-345

-5,317

-87

-219

-426

-18

20

-1,029

-38

-662

-75

-80

-80

-27

-186

-103

-14

-28

-51

-

42

38

39

-

35

-38

48

24

67

17

26

42

20

32

54

45

28

35

42

52

27

Less: Dividends on preferred stock

-

-

-

-

-

0

0

54

53

53

54

53

54

53

54

53

54

-

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Income attributable to the noncontrolling interest in a partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

0

0

2

-

4

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Frontier common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-240

-156

-81

-28

-51

-

42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock but before participating securities; of income (loss) available to common shareholders.

-

-

-345

-5,317

-

-219

-426

-72

-33

-1,082

-92

-715

-129

-

-134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic net loss per share attributable to Frontier common shareholders

-

-

-

-

-

-

-

-

-

-

-1.19

-9.20

-

-

-1.73

-1.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted net loss per share attributable to Frontier common shareholders

-

-

-

-

-

-

-

-

-

-

-1.19

-9.21

-

-

-1.73

-1.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net loss per share attributable to Frontier common shareholders

-1.78

-1.58

-3.31

-51.07

-0.84

-2.90

-4.11

-0.92

-0.44

-

-

-

-1.67

-

-

-

-0.21

-

-0.07

-0.03

-0.05

0.01

0.04

0.04

0.04

0.06

0.04

-0.04

0.05

-

0.07

0.02

0.03

-

0.02

0.03

0.05

-

0.03

0.11

0.14

0.17

0.09

Net loss attributable to Frontier common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total weighted average shares outstanding - basic and diluted

104

104

104

104

103

99

103

78

77

-

-

-

77

-

-

-

1,164

-

1,161

1,037

994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total weighted average shares outstanding - basic

-

-

-

-

-

-

-

-

-

-

77

77

-

-

77

77

-

-

-

-

-

-

994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total weighted average shares outstanding - diluted

-

-

-

-

-

-

-

-

-

-

77

77

-

-

77

77

-

-

-

-

-

-

997

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net income per common share attributable to common shareholders of Frontier (in dollars per share)

-1.78

-1.58

-3.31

-51.07

-0.84

-2.90

-4.11

-0.92

-0.44

-

-

-

-1.67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.03

0.11

0.14

0.17

0.09