Below are the financial statements of Frontier Communications Parent, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 750a | 1,125a |
| Short-term investments | 0a | 1,075a |
| Accounts receivable, less allowances of $66 and $53, respectively | 379a | 446a |
| Prepaid expenses | 67a | 67a |
| Income taxes and other current assets | 64a | 68a |
| Total current assets | 1,260a | 2,781a |
| Property, plant and equipment, net | 15,678a | 13,933a |
| Intangibles, net | 3,264a | 3,585a |
| Other assets | 412a | 394a |
| Total assets | 20,614a | 20,693a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Long-term debt due within one year | 10a | 15a |
| Accounts payable and accrued liabilities | 1,033a | 1,103a |
| Advanced billings | 180a | 182a |
| Accrued other taxes | 124a | 118a |
| Accrued interest | 128a | 126a |
| Pension and other postretirement benefits | 39a | 38a |
| Other current liabilities | 775a | 693a |
| Total current liabilities | 2,289a | 2,275a |
| Deferred income taxes | 609a | 643a |
| Pension and other postretirement benefits | 591a | 697a |
| Other liabilities | 633a | 553a |
| Long-term debt | 11,551a | 11,246a |
| Total liabilities | 15,673a | 15,414a |
| Equity | — | — |
| Common stock | 3a | 2a |
| Additional paid-in capital | 4,299a | 4,297a |
| Retained earnings | 562a | 884a |
| Accumulated other comprehensive income, net of tax | 77a | 96a |
| Total equity | 4,941a | 5,279a |
| Total liabilities and equity | 20,614a | 20,693a |
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